Is Now The Time To Look At Buying Tomra Systems ASA (OB:TOM)?
Dec 03
Norwegian (OSEAX) Machinery Industry Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies17
- 7D6.0%
- 3M-14.7%
- 1Y-24.6%
- YTD-17.8%
The Machinery industry is up 6.0% in the last week, with AutoStore Holdings up 6.1%. In the same time, TECO 2030 was down 5.5%. However, the industry is down 25% over the past year. Earnings are forecast to grow by 54% annually.
Industry Valuation and Performance
Has the Norwegian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | kr110.1b | kr43.6b | -kr1,293,989,608.00 | 25.3x | -85.1x | 2.5x |
| Wed, 01 Nov 2023 | kr87.9b | kr43.2b | -kr1,645,126,813.00 | 23.3x | -53.4x | 2x |
| Fri, 29 Sep 2023 | kr107.8b | kr42.3b | -kr1,472,865,109.00 | 26.7x | -73.2x | 2.5x |
| Sun, 27 Aug 2023 | kr125.8b | kr42.0b | -kr1,559,125,547.00 | 29.7x | -80.7x | 3x |
| Tue, 25 Jul 2023 | kr152.9b | kr40.3b | kr175.1m | 44x | 873.6x | 3.8x |
| Thu, 22 Jun 2023 | kr157.4b | kr40.0b | kr319.4m | 50.8x | 492.9x | 3.9x |
| Sat, 20 May 2023 | kr149.6b | kr40.0b | kr535.1m | 37.3x | 279.6x | 3.7x |
| Mon, 17 Apr 2023 | kr99.9b | kr25.2b | -kr78,282,241.00 | 67.8x | -1276.3x | 4x |
| Wed, 15 Mar 2023 | kr101.7b | kr25.4b | -kr87,627,576.00 | 69.5x | -1160.3x | 4x |
| Fri, 10 Feb 2023 | kr103.3b | kr23.5b | -kr112,091,585.00 | 18.1x | -921.5x | 4.4x |
| Sun, 08 Jan 2023 | kr101.7b | kr23.4b | -kr125,281,468.00 | 18x | -811.5x | 4.4x |
| Tue, 06 Dec 2022 | kr84.4b | kr23.3b | -kr132,748,300.00 | 19.4x | -636.1x | 3.6x |
| Thu, 03 Nov 2022 | kr85.7b | kr22.5b | -kr324,921,107.00 | 18.1x | -263.8x | 3.8x |
| Sat, 01 Oct 2022 | kr59.3b | kr22.7b | -kr337,575,997.00 | 17.6x | -175.7x | 2.6x |
| Mon, 29 Aug 2022 | kr68.8b | kr22.5b | -kr239,724,229.00 | 8.3x | -286.9x | 3.1x |
| Wed, 27 Jul 2022 | kr73.4b | kr21.7b | -kr428,859,046.00 | 7.8x | -171.2x | 3.4x |
| Fri, 24 Jun 2022 | kr79.3b | kr20.9b | -kr503,777,035.00 | 20.5x | -157.5x | 3.8x |
| Sun, 22 May 2022 | kr93.4b | kr20.9b | -kr442,296,700.00 | 40.2x | -211.1x | 4.5x |
| Tue, 19 Apr 2022 | kr116.8b | kr18.6b | -kr862,771,859.00 | 13.5x | -135.4x | 6.3x |
| Thu, 17 Mar 2022 | kr129.6b | kr18.3b | -kr890,640,161.00 | 7.5x | -145.5x | 7.1x |
| Sat, 12 Feb 2022 | kr109.7b | kr15.9b | -kr1,164,038,661.00 | 9.1x | -94.2x | 6.9x |
| Mon, 10 Jan 2022 | kr147.8b | kr15.9b | -kr1,165,620,609.00 | 9.3x | -126.8x | 9.3x |
| Wed, 08 Dec 2021 | kr164.2b | kr16.0b | -kr1,173,228,438.00 | 8.2x | -139.9x | 10.3x |
| Fri, 05 Nov 2021 | kr156.7b | kr13.1b | -kr881,783,097.00 | 8.8x | -177.7x | 11.9x |
| Sun, 03 Oct 2021 | kr22.6b | kr12.6b | -kr921,775,919.00 | 8.6x | -24.6x | 1.8x |
| Tue, 31 Aug 2021 | kr24.7b | kr11.8b | -kr1,020,409,762.72 | 37x | -24.2x | 2.1x |
| Wed, 07 Jul 2021 | kr27.6b | kr11.8b | -kr1,020,409,762.72 | 45.9x | -27x | 2.3x |
| Sat, 10 Apr 2021 | kr35.4b | kr11.0b | -kr1,028,010,811.96 | 38.8x | -34.4x | 3.2x |
| Fri, 01 Jan 2021 | kr32.4b | kr8.2b | -kr846,523,035.78 | 38.2x | -38.3x | 4x |
Price to Earnings Ratio
-270.2x
Current Industry PE
- Investors are pessimistic on the Norwegian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 77% 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 | -0.88% | |
| Industrials | 1.10% | |
| Machinery | 5.97% | |
| Industrial Machinery | 6.39% | |
| Construction Machinery and Vehicles | 1.73% | |
| Agricultural Machinery | -0.32% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 115% over the next 5 years.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 35% 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 | kr17.11 | 6.6% +kr3.5b | -7.1% | PS8.7x | |
| TOM Tomra Systems | kr110.00 | 8.5% +kr2.5b | -44.3% | PE33.5x | |
| HEX Hexagon Composites | kr26.40 | 3.7% +kr188.2m | -9.7% | PS0.9x | |
| HPUR Hexagon Purus | kr9.46 | 5.3% +kr132.9m | -64.3% | PS2x | |
| PHLY Philly Shipyard | kr59.80 | 16.8% +kr104.1m | 31.7% | PS0.1x |
