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Norwegian (OSEAX) Materials Sector Analysis
UpdatedDec 05, 2022
DataAggregated Company Financials
Companies21
- 7D-1.7%
- 3M7.5%
- 1Y4.2%
- YTD-4.6%
Over the last 7 days, the Materials industry has dropped 1.7%, driven by a pullback from Yara International of 3.7%. This takes the industry's 12 month performance to a gain of 4.2%. As for the next few years, earnings are forecast to decline by 25% per annum.
Sector Valuation and Performance
Has the Norwegian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 05 Dec 2022 | kr331.9b | kr530.2b | kr65.1b | 5.7x | 5.1x | 0.6x |
| Wed, 02 Nov 2022 | kr322.7b | kr542.3b | kr66.5b | 4.4x | 4.9x | 0.6x |
| Fri, 30 Sep 2022 | kr277.6b | kr513.4b | kr53.1b | 4.7x | 5.2x | 0.5x |
| Sun, 28 Aug 2022 | kr326.1b | kr489.6b | kr51.5b | 5.8x | 6.3x | 0.7x |
| Tue, 26 Jul 2022 | kr302.1b | kr492.7b | kr51.4b | 5x | 5.9x | 0.6x |
| Thu, 23 Jun 2022 | kr303.9b | kr432.6b | kr37.5b | 8.3x | 8.1x | 0.7x |
| Sat, 21 May 2022 | kr347.1b | kr429.1b | kr37.5b | 9.3x | 9.3x | 0.8x |
| Mon, 18 Apr 2022 | kr389.4b | kr363.6b | kr21.9b | 20.1x | 17.8x | 1.1x |
| Wed, 16 Mar 2022 | kr337.9b | kr367.9b | kr22.0b | 18.4x | 15.3x | 0.9x |
| Fri, 11 Feb 2022 | kr347.6b | kr370.7b | kr19.8b | 28x | 17.6x | 0.9x |
| Sun, 09 Jan 2022 | kr340.1b | kr348.5b | kr18.1b | 20x | 18.8x | 1x |
| Tue, 07 Dec 2021 | kr310.2b | kr352.7b | kr18.3b | 18.8x | 17x | 0.9x |
| Thu, 04 Nov 2021 | kr325.6b | kr342.7b | kr17.8b | 15.2x | 18.3x | 1x |
| Sat, 02 Oct 2021 | kr322.3b | kr318.8b | kr19.9b | 16.4x | 16.2x | 1x |
| Mon, 30 Aug 2021 | kr316.8b | kr318.7b | kr19.9b | 14.3x | 16x | 1x |
| Tue, 06 Jul 2021 | kr300.2b | kr318.7b | kr19.9b | 12.9x | 15.1x | 0.9x |
| Fri, 09 Apr 2021 | kr289.3b | kr287.4b | kr12.6b | 16.5x | 23.1x | 1x |
| Thu, 31 Dec 2020 | kr213.2b | kr282.1b | kr6.7b | 24.1x | 31.7x | 0.8x |
| Sun, 04 Oct 2020 | kr180.4b | kr278.6b | kr2.5b | 20.2x | 73.1x | 0.6x |
| Wed, 08 Jul 2020 | kr170.1b | kr286.9b | kr288.9m | 24.8x | 588.8x | 0.6x |
| Tue, 31 Mar 2020 | kr155.5b | kr316.5b | kr3.1b | 17.3x | 50.9x | 0.5x |
| Fri, 03 Jan 2020 | kr193.8b | kr303.6b | kr6.6b | 18.8x | 29.3x | 0.6x |
Price to Earnings Ratio
29.3x
Current Industry PE
- Investors are pessimistic on the Norwegian Materials 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 5.1x which is lower than its 3-year average PE of 72.2x.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 114% per year over the last three years.
- Revenues for these companies have grown 20% 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 Materials sector?
| NO Market | -0.70% | |
| Materials | -1.67% | |
| Metals and Mining | -0.77% | |
| Paper and Forestry Products | -1.32% | |
| Packaging | -1.82% | |
| Chemicals | -2.47% | |
| Basic Materials | -3.45% | |
Industry PE
- Investors are most optimistic about the Packaging industry even though it's trading below its 3-year average PE ratio of 37.7x.
- Analysts are expecting annual earnings growth of 43.5%, which is higher than its past year's earnings decline of 27.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 100% over the next 5 years.
- In contrast, the Metals and Mining industry is expected to see its earnings decline by 32% 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 | |
|---|---|---|---|---|---|
| BRG Borregaard | kr160.60 | 2.4% +kr378.3m | -26.5% | PE19.7x | |
| ELK Elkem | kr35.38 | 0.4% +kr88.8m | 21.4% | PE2.1x | |
| RANA Rana Gruber | kr44.55 | 4.0% +kr63.0m | 0.8% | PE7x | |
| TEKNA Tekna Holding | kr6.28 | 3.3% +kr25.0m | -80.5% | PS4.1x | |
| GEM Green Minerals | kr8.88 | 4.7% +kr5.6m | -11.2% | PB5.4x |
