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Norwegian (OSEAX) Electrical Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies5
- 7D9.1%
- 3M-40.9%
- 1Y-54.5%
- YTD-13.1%
Over the last 7 days, the Electrical industry has dropped 15%, driven by Cavendish Hydrogen declining 7.8%. Meanwhile, Nel actually outperformed within the industry, gaining 7.1% in the last week. Overall the industry is down 55% in 12 months. As for the next few years, earnings are expected to grow by 45% per annum.
Industry Valuation and Performance
Has the Norwegian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | NOK 5.5b | NOK 4.3b | -NOK 989,946,000.00 | n/a | -5.5x | 1.3x |
| Thu, 19 Dec 2024 | NOK 6.7b | NOK 4.3b | -NOK 989,946,000.00 | n/a | -6.8x | 1.6x |
| Sat, 16 Nov 2024 | NOK 7.4b | NOK 4.4b | -NOK 1,009,770,000.00 | n/a | -7.3x | 1.7x |
| Mon, 14 Oct 2024 | NOK 8.4b | NOK 4.6b | -NOK 1,005,749,000.00 | 33x | -8.3x | 1.8x |
| Wed, 11 Sep 2024 | NOK 10.0b | NOK 4.6b | -NOK 1,005,749,000.00 | 32.1x | -9.9x | 2.2x |
| Fri, 09 Aug 2024 | NOK 11.0b | NOK 4.7b | -NOK 1,001,573,000.00 | 49.3x | -11x | 2.4x |
| Sun, 07 Jul 2024 | NOK 12.2b | NOK 4.7b | -NOK 1,101,847,000.00 | 56.3x | -11.1x | 2.6x |
| Tue, 04 Jun 2024 | NOK 15.6b | NOK 4.7b | -NOK 1,180,212,119.28 | 64.1x | -13.2x | 3.3x |
| Thu, 02 May 2024 | NOK 10.7b | NOK 4.8b | -NOK 1,146,893,584.54 | 52.8x | -9.4x | 2.2x |
| Sat, 30 Mar 2024 | NOK 10.3b | NOK 4.1b | -NOK 1,310,844,410.41 | 68x | -7.8x | 2.5x |
| Mon, 26 Feb 2024 | NOK 9.9b | NOK 4.6b | -NOK 1,946,846,206.46 | 72.1x | -5.1x | 2.2x |
| Wed, 24 Jan 2024 | NOK 11.9b | NOK 4.4b | -NOK 1,938,652,626.00 | 284.3x | -6.2x | 2.7x |
| Fri, 22 Dec 2023 | NOK 15.0b | NOK 4.4b | -NOK 1,937,936,705.00 | 304.1x | -7.7x | 3.4x |
| Sun, 19 Nov 2023 | NOK 16.4b | NOK 4.4b | -NOK 1,944,835,869.00 | 256.8x | -8.5x | 3.7x |
| Tue, 17 Oct 2023 | NOK 16.5b | NOK 3.9b | -NOK 1,957,247,859.00 | n/a | -8.4x | 4.2x |
| Thu, 14 Sep 2023 | NOK 21.3b | NOK 4.0b | -NOK 1,938,211,735.00 | 35.8x | -11x | 5.3x |
| Sat, 12 Aug 2023 | NOK 24.8b | NOK 3.8b | -NOK 1,943,793,893.00 | 35.8x | -12.8x | 6.6x |
| Mon, 10 Jul 2023 | NOK 25.2b | NOK 3.3b | -NOK 1,845,147,499.00 | 35.8x | -13.6x | 7.6x |
| Wed, 07 Jun 2023 | NOK 27.3b | NOK 3.3b | -NOK 1,846,595,538.00 | 35.8x | -14.8x | 8.2x |
| Fri, 05 May 2023 | NOK 29.4b | NOK 3.0b | -NOK 1,875,115,817.00 | 35.8x | -15.7x | 9.7x |
| Sun, 02 Apr 2023 | NOK 29.2b | NOK 2.9b | -NOK 1,570,191,085.00 | 35.8x | -18.6x | 10.2x |
| Tue, 28 Feb 2023 | NOK 29.3b | NOK 2.7b | -NOK 1,116,594,019.00 | 35.8x | -26.2x | 10.6x |
| Thu, 26 Jan 2023 | NOK 29.4b | NOK 2.6b | -NOK 1,040,883,979.00 | 32.2x | -28.2x | 11.4x |
| Sat, 24 Dec 2022 | NOK 25.7b | NOK 2.6b | -NOK 1,038,874,535.00 | 35.8x | -24.7x | 9.9x |
| Mon, 21 Nov 2022 | NOK 27.5b | NOK 2.5b | -NOK 1,030,848,208.00 | 11.1x | -26.7x | 10.8x |
| Wed, 19 Oct 2022 | NOK 24.1b | NOK 1.9b | -NOK 1,237,827,052.00 | 1432.6x | -19.5x | 12.7x |
| Fri, 16 Sep 2022 | NOK 26.5b | NOK 1.9b | -NOK 1,236,084,070.00 | 1438.9x | -21.5x | 14x |
| Sun, 14 Aug 2022 | NOK 31.1b | NOK 1.8b | -NOK 1,216,633,749.00 | 430.1x | -25.6x | 17x |
| Tue, 12 Jul 2022 | NOK 27.8b | NOK 1.7b | -NOK 1,237,754,749.00 | 397.4x | -22.5x | 16.2x |
| Thu, 09 Jun 2022 | NOK 29.0b | NOK 1.7b | -NOK 1,237,754,749.00 | 399x | -23.4x | 16.9x |
| Sat, 07 May 2022 | NOK 26.7b | NOK 1.7b | -NOK 1,851,281,000.00 | 363.5x | -14.4x | 16x |
| Mon, 04 Apr 2022 | NOK 30.4b | NOK 1.9b | -NOK 1,784,049,000.00 | 96.5x | -17x | 15.6x |
| Wed, 02 Mar 2022 | NOK 27.8b | NOK 1.9b | -NOK 1,784,049,000.00 | 99.3x | -15.6x | 14.3x |
| Fri, 28 Jan 2022 | NOK 24.1b | NOK 1.8b | -NOK 242,669,000.00 | 7.6x | -99.1x | 13.4x |
Price to Earnings Ratio
-99.1x
Current Industry PE
- Investors are pessimistic on the Norwegian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 34% 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, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Norwegian Industrials industry?
| NO Market | 0.11% | |
| Industrials | 1.35% | |
| Electrical | 9.08% | |
| Heavy Electrical Equipment | 10.85% | |
| Electrical Components | 4.97% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 95% over the next 5 years.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| NEL Nel | NOK 2.33 | 10.9% +NOK 381.0m | -55.4% | PS2.3x | |
| ZAP Zaptec | NOK 11.48 | 8.9% +NOK 82.1m | -42.9% | PS0.8x | |
| CAVEN Cavendish Hydrogen | NOK 8.00 | 3.9% +NOK 10.1m | n/a | n/a |