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Norwegian (OSEAX) Construction Industry Analysis

UpdatedAug 24, 2024
DataAggregated Company Financials
Companies9
  • 7D1.5%
  • 3M6.7%
  • 1Y35.0%
  • YTD28.3%

Over the last 7 days, the Construction industry has remained flat, although notably Cadeler gained 4.6%. The past year has been better, since the industry has gained 34% in that time. Looking forward, earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

Has the Norwegian Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Aug 2024NOK 69.3bNOK 91.8bNOK 1.7b26.2x39.7x0.8x
Mon, 22 Jul 2024NOK 68.6bNOK 92.2bNOK 1.6b27.7x41.7x0.7x
Wed, 19 Jun 2024NOK 66.1bNOK 92.1bNOK 1.7b27.3x39.9x0.7x
Fri, 17 May 2024NOK 62.4bNOK 92.1bNOK 2.1b25.4x30.2x0.7x
Sun, 14 Apr 2024NOK 59.3bNOK 92.3bNOK 2.0b24.5x30x0.6x
Tue, 12 Mar 2024NOK 56.3bNOK 91.7bNOK 753.6m18x74.8x0.6x
Thu, 08 Feb 2024NOK 52.1bNOK 90.1bNOK 532.9m15.2x97.8x0.6x
Sat, 06 Jan 2024NOK 53.5bNOK 90.2b-NOK 58,352,744.0013.3x-917.3x0.6x
Mon, 04 Dec 2023NOK 44.3bNOK 81.8bNOK 1.2b12.9x38.3x0.5x
Wed, 01 Nov 2023NOK 37.3bNOK 81.5bNOK 1.3b12.4x29.3x0.5x
Fri, 29 Sep 2023NOK 38.3bNOK 81.4bNOK 1.3b12.7x30.5x0.5x
Sun, 27 Aug 2023NOK 38.8bNOK 81.0bNOK 1.1b18.1x35.7x0.5x
Tue, 25 Jul 2023NOK 42.8bNOK 80.2bNOK 1.2b17.5x36.6x0.5x
Thu, 22 Jun 2023NOK 42.4bNOK 80.2bNOK 1.2b18.4x36x0.5x
Sat, 20 May 2023NOK 42.8bNOK 80.2bNOK 1.2b18.7x35.6x0.5x
Mon, 17 Apr 2023NOK 43.9bNOK 78.5bNOK 1.4b16.9x30.7x0.6x
Wed, 15 Mar 2023NOK 44.5bNOK 78.0bNOK 1.2b16.7x38.3x0.6x
Fri, 10 Feb 2023NOK 45.1bNOK 77.1bNOK 1.6b31x28.1x0.6x
Sun, 08 Jan 2023NOK 39.8bNOK 76.5bNOK 1.4b31.5x28x0.5x
Tue, 06 Dec 2022NOK 39.8bNOK 76.4bNOK 1.4b33.4x28x0.5x
Thu, 03 Nov 2022NOK 38.1bNOK 74.6bNOK 1.5b26.5x25.6x0.5x
Sat, 01 Oct 2022NOK 35.3bNOK 74.7bNOK 1.5b26.5x23.7x0.5x
Mon, 29 Aug 2022NOK 41.5bNOK 74.5bNOK 1.5b31.2x27.5x0.6x
Wed, 27 Jul 2022NOK 41.3bNOK 72.9bNOK 1.4b47.5x30.1x0.6x
Fri, 24 Jun 2022NOK 38.0bNOK 72.9bNOK 1.4b41.1x27.8x0.5x
Sun, 22 May 2022NOK 41.3bNOK 72.8bNOK 1.4b42.9x30x0.6x
Tue, 19 Apr 2022NOK 47.9bNOK 72.1bNOK 1.5b20.8x31.8x0.7x
Thu, 17 Mar 2022NOK 48.1bNOK 71.9bNOK 1.4b19.6x34.1x0.7x
Sat, 12 Feb 2022NOK 48.8bNOK 71.2bNOK 1.5b19.6x32.7x0.7x
Mon, 10 Jan 2022NOK 50.2bNOK 71.3bNOK 1.7b19.6x30x0.7x
Wed, 08 Dec 2021NOK 49.0bNOK 71.3bNOK 1.7b19.1x29.4x0.7x
Fri, 05 Nov 2021NOK 50.3bNOK 71.8bNOK 1.8b18.7x28.6x0.7x
Sun, 03 Oct 2021NOK 45.0bNOK 71.8bNOK 1.8b16.5x25.6x0.6x
Tue, 31 Aug 2021NOK 46.6bNOK 71.8bNOK 1.7b17.1x26.6x0.6x
Price to Earnings Ratio

26.6x


Total Market Cap: NOK 46.6bTotal Earnings: NOK 1.7bTotal Revenue: NOK 71.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Construction Industry Price to Earnings3Y Average 12.1x202220232024
Current Industry PE
  • Investors are optimistic on the Norwegian Construction industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.5x which is higher than its 3-year average PE of 12.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 8.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Norwegian Industrials industry?

NO Market-0.86%
Industrials-0.19%
Construction1.53%
Construction and Engineering1.53%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NORCO NorconsultNOK 34.406.5%
+NOK 600.1m		n/aPE29.3x
CADLR CadelerNOK 71.101.4%
+NOK 350.7m		89.2%PS19.6x
VEI VeidekkeNOK 122.001.0%
+NOK 162.1m		22.4%PE12.9x
IWS Integrated Wind SolutionsNOK 52.006.1%
+NOK 117.4m		36.8%PS7.8x
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Latest News

NRC

NOK 8.86

NRC Group

7D

-12.7%

1Y

-14.1%

VEI

NOK 122.00

Veidekke

7D

1.0%

1Y

22.4%

We Think Veidekke's (OB:VEI) Robust Earnings Are Conservative

Aug 22
We Think Veidekke's (OB:VEI) Robust Earnings Are Conservative

NORCO

NOK 34.40

Norconsult

7D

6.5%

1Y

n/a

OSUN

NOK 2.01

Ocean Sun

7D

-7.4%

1Y

-57.8%

IWS

NOK 52.00

Integrated Wind Solutions

7D

6.1%

1Y

36.8%

Is Integrated Wind Solutions (OB:IWS) A Risky Investment?

Aug 13
Is Integrated Wind Solutions (OB:IWS) A Risky Investment?

ININ

NOK 3.32

Inin Group

7D

-3.2%

1Y

0.6%

AFG

NOK 132.00

AF Gruppen

7D

-0.3%

1Y

2.6%

ARGEO

NOK 12.64

Argeo

7D

-4.9%

1Y

-6.3%

CADLR

NOK 71.10

Cadeler

7D

1.4%

1Y

89.2%