Is Now The Time To Look At Buying Tomra Systems ASA (OB:TOM)?
Dec 03
Norwegian (OSEAX) Industrials Sector Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies84
- 7D1.1%
- 3M-3.5%
- 1Y-8.9%
- YTD-6.5%
Over the last 7 days, the Industrials industry has risen 1.1%, driven by gains from AutoStore Holdings of 6.1%. However, the industry is down 8.9% over the past year. Earnings are forecast to grow by 24% annually.
Sector Valuation and Performance
Has the Norwegian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | kr523.7b | kr427.4b | kr26.3b | 10.6x | 19.9x | 1.2x |
| Thu, 02 Nov 2023 | kr489.7b | kr433.5b | kr23.5b | 10.8x | 20.8x | 1.1x |
| Sat, 30 Sep 2023 | kr502.9b | kr421.4b | kr21.2b | 11.6x | 23.7x | 1.2x |
| Mon, 28 Aug 2023 | kr520.7b | kr420.8b | kr21.8b | 12.4x | 23.9x | 1.2x |
| Wed, 26 Jul 2023 | kr547.9b | kr407.3b | kr16.7b | 15.2x | 32.8x | 1.3x |
| Fri, 23 Jun 2023 | kr569.9b | kr424.5b | kr39.2b | 15.9x | 14.5x | 1.3x |
| Sun, 21 May 2023 | kr565.8b | kr423.3b | kr40.5b | 14.2x | 14x | 1.3x |
| Tue, 18 Apr 2023 | kr568.3b | kr410.5b | kr40.2b | 14.2x | 14.1x | 1.4x |
| Thu, 16 Mar 2023 | kr544.7b | kr414.1b | kr45.8b | 13x | 11.9x | 1.3x |
| Sat, 11 Feb 2023 | kr568.9b | kr392.6b | kr46.7b | 10.7x | 12.2x | 1.4x |
| Mon, 09 Jan 2023 | kr561.1b | kr388.5b | kr46.1b | 10.1x | 12.2x | 1.4x |
| Wed, 07 Dec 2022 | kr545.8b | kr380.1b | kr44.5b | 11.5x | 12.3x | 1.4x |
| Fri, 04 Nov 2022 | kr530.2b | kr377.0b | kr42.4b | 12.8x | 12.5x | 1.4x |
| Sun, 02 Oct 2022 | kr464.4b | kr378.1b | kr40.3b | 12.1x | 11.5x | 1.2x |
| Tue, 30 Aug 2022 | kr529.4b | kr360.3b | kr39.5b | 13.1x | 13.4x | 1.5x |
| Thu, 28 Jul 2022 | kr532.0b | kr326.4b | kr23.7b | 12x | 22.4x | 1.6x |
| Sat, 25 Jun 2022 | kr507.9b | kr323.4b | kr23.3b | 12.1x | 21.8x | 1.6x |
| Mon, 23 May 2022 | kr551.9b | kr319.5b | kr23.3b | 12.9x | 23.7x | 1.7x |
| Wed, 20 Apr 2022 | kr611.3b | kr292.2b | kr16.0b | 16.8x | 38.3x | 2.1x |
| Fri, 18 Mar 2022 | kr601.3b | kr289.4b | kr16.3b | 15.1x | 37x | 2.1x |
| Sun, 13 Feb 2022 | kr565.1b | kr261.9b | -kr2,459,193,853.00 | 18.8x | -229.8x | 2.2x |
| Tue, 11 Jan 2022 | kr562.1b | kr257.8b | -kr990,216,441.00 | 17x | -567.7x | 2.2x |
| Thu, 09 Dec 2021 | kr586.2b | kr250.2b | -kr833,846,900.00 | 16.3x | -703.1x | 2.3x |
| Sat, 06 Nov 2021 | kr583.1b | kr240.0b | -kr3,305,252,967.00 | 16.8x | -176.4x | 2.4x |
| Mon, 04 Oct 2021 | kr395.9b | kr237.5b | -kr5,197,350,734.00 | 17.4x | -76.2x | 1.7x |
| Wed, 01 Sep 2021 | kr388.7b | kr230.2b | -kr5,177,726,150.67 | 18.2x | -75.1x | 1.7x |
| Thu, 08 Jul 2021 | kr375.6b | kr230.2b | -kr5,177,726,150.67 | 16x | -72.5x | 1.6x |
| Wed, 31 Mar 2021 | kr348.5b | kr223.0b | -kr11,506,821,250.89 | 18.5x | -30.3x | 1.6x |
| Sat, 02 Jan 2021 | kr333.2b | kr212.7b | kr3.0b | 17.1x | 109.3x | 1.6x |
Price to Earnings Ratio
109.3x
Current Industry PE
- Investors are pessimistic on the Norwegian Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 19.9x which is higher than its 3-year average PE of -31.5x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- Total earnings for the Industrials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 22% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Industrials sector?
| NO Market | -0.88% | |
| Industrials | 1.10% | |
| Infrastructure | 24.17% | |
| Building | 11.79% | |
| Machinery | 5.97% | |
| Airlines | 3.20% | |
| Electrical | 1.56% | |
| Industrials | 1.16% | |
| Professional Services | 1.00% | |
| Commercial Services | 0.56% | |
| Logistics | 0.52% | |
| Trade Distributors | 0% | |
| Transportation | 0% | |
| Construction | -0.07% | |
| Marine and Shipping | -0.62% | |
| Aerospace & Defense | -1.33% | |
Industry PE
- Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 30.6x.
- Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings growth of 19.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 68% over the next 5 years.
- This is better than its past earnings decline of 79% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings grow by 3.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AUTO AutoStore Holdings | kr17.80 | 10.8% +kr5.8b | -3.4% | PS8.9x | |
| TOM Tomra Systems | kr113.60 | 9.7% +kr3.0b | -41.8% | PE34.6x | |
| AFK Arendals Fossekompani | kr163.60 | 17.2% +kr1.3b | -27.0% | PS1.7x | |
| NAS Norwegian Air Shuttle | kr10.20 | 6.0% +kr558.8m | 11.2% | PE7.3x | |
| NEL Nel | kr8.16 | 4.2% +kr544.7m | -47.5% | PS8.8x |
