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Norwegian (OSEAX) Financials Sector Analysis

UpdatedDec 01, 2021
DataAggregated Company Financials
Companies50
  • 7D-4.1%
  • 3M8.2%
  • 1Y31.1%
  • YTD26.4%

Over the last 7 days, the Financials industry has dropped 4.1%, driven by a pullback from Gjensidige Forsikring of 7.0%. This takes the industry's 12 month performance to a gain of 31%.

Sector Valuation and Performance

Has the Norwegian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Thu, 02 Dec 2021kr389.2bkr210.0bkr28.2b11.5x
Sat, 30 Oct 2021kr708.5bkr258.4bkr50.0b12x
Mon, 27 Sep 2021kr659.5bkr267.5bkr49.1b11.3x
Wed, 25 Aug 2021kr653.8bkr267.5bkr49.1b11.1x
Thu, 01 Jul 2021kr343.6bkr218.7bkr28.5b10.5x
Sun, 04 Apr 2021kr342.3bkr228.1bkr26.4b10x
Wed, 06 Jan 2021kr299.0bkr171.3bkr21.1b10.5x
Sat, 10 Oct 2020kr231.5bkr152.2bkr18.0b9.3x
Fri, 03 Jul 2020kr218.0bkr142.8bkr16.9b9.2x
Mon, 06 Apr 2020kr194.3bkr120.2bkr16.2b8.2x
Thu, 09 Jan 2020kr297.8bkr178.8bkr21.7b8.5x
Wed, 02 Oct 2019kr273.6bkr186.9bkr22.5b8.1x
Sat, 06 Jul 2019kr273.4bkr183.1bkr22.2b8.3x
Tue, 09 Apr 2019kr275.3bkr179.9bkr22.8b8.3x
Mon, 31 Dec 2018kr246.3bkr150.9bkr19.5b9.2x
PE Ratio

9.1x

Total Market Cap: kr255.3bTotal Earnings: kr19.2bTotal Revenue: kr165.0b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.5x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Financials industry have grown 14% per year over the last three years, and revenues for these companies have grown 8.4% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Financials sector?

Mortgage Finance0.58%
Banks-2.29%
Diversified Financial-2.47%
Capital Markets-2.78%
Insurance-6.49%
Consumer Finance-6.79%

Industry PE: Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 14.0x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Consumer Finance industry, which is trading below its 3-year average of 24.2x.

Forecasted Growth: Analysts are most optimistic on the Mortgage Finance industry, expecting annual earnings growth of 52% over the next 5 years. This is better than it's past earnings growth rate of 14% per year. Meanwhile, the Diversified Financial industry is expected to see its earnings decline by 22% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
SBANK Sbanken1.3%+kr128.2m31.5%PB1.3x
SAGA Saga Pure7.8%+kr112.5m99.7%PE4.4x
SPOL SpareBank 1 Østlandet0.6%+kr92.7m51.4%PB0.9x
SOAG SpareBank 1 Østfold Akershus0.6%+kr24.8m30.0%PB1x
SOON SpareBank 1 Sørøst-Norge0.3%+kr23.7m54.1%PB0.8x
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SRBNK

kr128.40

SpareBank 1 SR-Bank

7D

-2.4%

1Y

47.2%

AKER

kr825.50

Aker

7D

-0.4%

1Y

65.6%

STB

kr84.82

Storebrand

7D

-3.7%

1Y

32.6%