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Norwegian (OSEAX) Marine and Shipping Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies16
- 7D-5.5%
- 3M-21.7%
- 1Y-10.6%
- YTD-7.0%
Over the last 7 days, the Marine and Shipping industry has dropped 6.1%, driven by a pullback from Wallenius Wilhelmsen of 7.8%. In contrast, Western Bulk Chartering has gained 8.7%. The industry has fallen 11% in the last year. In the next few years, earnings are forecast to decline by 3.1% annually.
Industry Valuation and Performance
Has the Norwegian Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | NOK 129.0b | NOK 166.8b | NOK 37.3b | 3.3x | 3.5x | 0.8x |
| Thu, 19 Dec 2024 | NOK 125.4b | NOK 165.8b | NOK 37.1b | 3.3x | 3.4x | 0.8x |
| Sat, 16 Nov 2024 | NOK 146.9b | NOK 164.4b | NOK 36.6b | 3.8x | 4x | 0.9x |
| Mon, 14 Oct 2024 | NOK 167.2b | NOK 156.9b | NOK 34.3b | 4.3x | 4.9x | 1.1x |
| Wed, 11 Sep 2024 | NOK 152.6b | NOK 158.5b | NOK 34.7b | 4.3x | 4.4x | 1x |
| Fri, 09 Aug 2024 | NOK 146.6b | NOK 156.9b | NOK 32.8b | 5.1x | 4.5x | 0.9x |
| Sun, 07 Jul 2024 | NOK 170.5b | NOK 156.3b | NOK 32.4b | 6x | 5.3x | 1.1x |
| Tue, 04 Jun 2024 | NOK 173.7b | NOK 155.1b | NOK 32.0b | 6.1x | 5.4x | 1.1x |
| Thu, 02 May 2024 | NOK 169.9b | NOK 164.2b | NOK 33.5b | 6.1x | 5.1x | 1x |
| Sat, 30 Mar 2024 | NOK 139.2b | NOK 159.3b | NOK 32.1b | 5.6x | 4.3x | 0.9x |
| Mon, 26 Feb 2024 | NOK 153.4b | NOK 155.7b | NOK 32.1b | 6.6x | 4.8x | 1x |
| Wed, 24 Jan 2024 | NOK 175.1b | NOK 182.6b | NOK 32.8b | 7.2x | 5.3x | 1x |
| Fri, 22 Dec 2023 | NOK 159.0b | NOK 179.3b | NOK 32.2b | 6.6x | 4.9x | 0.9x |
| Sun, 19 Nov 2023 | NOK 157.8b | NOK 187.5b | NOK 35.3b | 5.6x | 4.5x | 0.8x |
| Tue, 17 Oct 2023 | NOK 155.7b | NOK 190.2b | NOK 33.8b | 4.8x | 4.6x | 0.8x |
| Thu, 14 Sep 2023 | NOK 147.2b | NOK 187.1b | NOK 33.0b | 4.7x | 4.5x | 0.8x |
| Sat, 12 Aug 2023 | NOK 138.9b | NOK 185.4b | NOK 27.2b | 5.2x | 5.1x | 0.7x |
| Mon, 10 Jul 2023 | NOK 140.5b | NOK 188.4b | NOK 27.6b | 4.7x | 5.1x | 0.7x |
| Wed, 07 Jun 2023 | NOK 135.2b | NOK 195.0b | NOK 29.3b | 4.6x | 4.6x | 0.7x |
| Fri, 05 May 2023 | NOK 132.9b | NOK 187.9b | NOK 28.8b | 4.2x | 4.6x | 0.7x |
| Sun, 02 Apr 2023 | NOK 139.9b | NOK 183.3b | NOK 27.8b | 5.1x | 5x | 0.8x |
| Tue, 28 Feb 2023 | NOK 148.9b | NOK 181.6b | NOK 29.1b | 5.3x | 5.1x | 0.8x |
| Thu, 26 Jan 2023 | NOK 136.3b | NOK 170.7b | NOK 25.7b | 6.2x | 5.3x | 0.8x |
| Sat, 24 Dec 2022 | NOK 143.2b | NOK 169.8b | NOK 25.6b | 6.5x | 5.6x | 0.8x |
| Mon, 21 Nov 2022 | NOK 135.4b | NOK 174.4b | NOK 26.7b | 5.9x | 5.1x | 0.8x |
| Wed, 19 Oct 2022 | NOK 119.6b | NOK 172.1b | NOK 21.1b | 6.3x | 5.7x | 0.7x |
| Fri, 16 Sep 2022 | NOK 114.6b | NOK 162.8b | NOK 19.7b | 6.3x | 5.8x | 0.7x |
| Sun, 14 Aug 2022 | NOK 129.0b | NOK 147.7b | NOK 17.5b | 6.8x | 7.4x | 0.9x |
| Tue, 12 Jul 2022 | NOK 111.1b | NOK 156.7b | NOK 18.7b | 5.8x | 5.9x | 0.7x |
| Thu, 09 Jun 2022 | NOK 127.1b | NOK 145.4b | NOK 17.1b | 7.9x | 7.4x | 0.9x |
| Sat, 07 May 2022 | NOK 115.6b | NOK 136.7b | NOK 13.4b | 7.1x | 8.6x | 0.8x |
| Mon, 04 Apr 2022 | NOK 121.5b | NOK 125.9b | NOK 10.7b | 8.3x | 11.3x | 1x |
| Wed, 02 Mar 2022 | NOK 120.8b | NOK 118.2b | NOK 11.8b | 7.6x | 10.2x | 1x |
| Fri, 28 Jan 2022 | NOK 106.2b | NOK 104.0b | NOK 7.6b | 9.5x | 14x | 1x |
Price to Earnings Ratio
14x
Current Industry PE
- Investors are pessimistic on the Norwegian Shipping 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 3.4x which is lower than its 3-year average PE of 5.7x.
- The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have grown 73% per year over the last three years.
- Revenues for these companies have grown 18% 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 Industrials industry?
| NO Market | 0.11% | |
| Industrials | 1.35% | |
| Marine and Shipping | -5.51% | |
| Marine | -5.51% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WEST Western Bulk Chartering | NOK 15.60 | 8.7% +NOK 42.0m | -43.8% | PS0.04x | |
| AMSC AMSC | NOK 27.85 | 1.5% +NOK 28.7m | 0.2% | PE5.3x | |
| STSU Standard Supply | NOK 22.20 | 5.7% +NOK 2.3m | -95.1% | PE0.1x |
