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Norwegian (OSEAX) Materials Sector Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies19
  • 7D-2.3%
  • 3M3.4%
  • 1Y-18.3%
  • YTD-1.5%

Over the last 7 days, the Materials industry has dropped 2.3%, driven by Norsk Hydro declining 5.1%. Meanwhile, Norske Skog actually outperformed within the industry, gaining 11% in the last week. The industry has fallen 18% in the last year. Earnings are forecast to grow by 39% annually.

Sector Valuation and Performance

Has the Norwegian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Apr 2024kr280.1bkr443.5bkr4.6b17.1x61x0.6x
Sun, 24 Mar 2024kr267.5bkr442.3bkr6.2b21x43.5x0.6x
Tue, 20 Feb 2024kr259.6bkr437.2bkr6.1b20.6x42.8x0.6x
Thu, 18 Jan 2024kr264.9bkr458.9bkr16.1b10.4x16.4x0.6x
Sat, 16 Dec 2023kr281.6bkr457.8bkr16.1b9.8x17.5x0.6x
Mon, 13 Nov 2023kr266.6bkr469.9bkr16.4b9.2x16.2x0.6x
Wed, 11 Oct 2023kr281.3bkr500.1bkr31.3b8.9x9x0.6x
Fri, 08 Sep 2023kr280.7bkr498.5bkr31.2b8.9x9x0.6x
Sun, 06 Aug 2023kr296.3bkr486.0bkr30.9b10.1x9.6x0.6x
Tue, 04 Jul 2023kr288.4bkr539.0bkr51.6b5.7x5.6x0.5x
Thu, 01 Jun 2023kr306.5bkr548.2bkr56.9b5.3x5.4x0.6x
Sat, 29 Apr 2023kr337.6bkr555.8bkr67.5b6.2x5x0.6x
Mon, 27 Mar 2023kr324.1bkr550.1bkr66.3b6x4.9x0.6x
Wed, 22 Feb 2023kr356.8bkr545.1bkr65.7b4.7x5.4x0.7x
Fri, 20 Jan 2023kr346.6bkr533.7bkr65.3b5.6x5.3x0.6x
Sun, 18 Dec 2022kr316.8bkr532.4bkr65.2b5.3x4.9x0.6x
Tue, 15 Nov 2022kr337.7bkr534.9bkr65.5b5.8x5.2x0.6x
Thu, 13 Oct 2022kr284.3bkr514.0bkr53.1b4.7x5.4x0.6x
Sat, 10 Sep 2022kr315.4bkr494.6bkr51.9b5.5x6.1x0.6x
Mon, 08 Aug 2022kr314.2bkr492.3bkr51.4b5.2x6.1x0.6x
Wed, 06 Jul 2022kr272.8bkr436.5bkr37.8b7.3x7.2x0.6x
Fri, 03 Jun 2022kr350.0bkr423.6bkr36.9b9.5x9.5x0.8x
Sun, 01 May 2022kr363.2bkr404.2bkr32.8b12.4x11.1x0.9x
Tue, 29 Mar 2022kr373.1bkr362.6bkr21.9b19.4x17.1x1x
Thu, 24 Feb 2022kr346.7bkr372.3bkr19.8b27x17.5x0.9x
Sat, 22 Jan 2022kr339.4bkr348.7bkr18.1b20x18.7x1x
Mon, 20 Dec 2021kr323.2bkr350.8bkr18.2b18x17.8x0.9x
Wed, 17 Nov 2021kr330.8bkr346.0bkr18.0b19.1x18.4x1x
Fri, 15 Oct 2021kr334.4bkr316.2bkr19.6b16.8x17x1.1x
Sun, 12 Sep 2021kr317.4bkr318.7bkr19.9b15x16x1x
Tue, 10 Aug 2021kr314.4bkr318.7bkr19.9b13.9x15.8x1x
Mon, 03 May 2021kr284.4bkr287.4bkr12.6b16.7x22.6x1x
Price to Earnings Ratio

22.6x


Total Market Cap: kr284.4bTotal Earnings: kr12.6bTotal Revenue: kr287.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Materials Sector Price to Earnings3Y Average 14x202220232024
Current Industry PE
  • Investors are optimistic on the Norwegian Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 60.7x which is higher than its 3-year average PE of 13.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 16% 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 decreased profits.

Industry Trends

Which industries have driven the changes within the Norwegian Materials sector?

NO Market0.94%
Materials-2.26%
Paper and Forestry Products6.71%
Basic Materials6.65%
Packaging1.47%
Chemicals-0.066%
Metals and Mining-4.56%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 12.4x.
    • Analysts are expecting annual earnings growth of 40.2%, which is higher than its past year's earnings decline of 42.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 53% per year.
  • In contrast, the Packaging industry is expected to see its earnings grow by 2.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
YAR Yara Internationalkr339.900.4%
+kr382.0m		-24.2%PE164.4x
NSKOG Norske Skogkr37.546.7%
+kr200.2m		-17.5%PE9.5x
ELO Elopakkr34.501.5%
+kr134.5m		40.5%PE11.5x
TEKNA Tekna Holdingkr5.886.9%
+kr47.6m		1.4%PS2.2x
BOR Borgestadkr0.376.6%
+kr32.3m		-73.6%PS0.5x
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Latest News

NHY

kr67.82

Norsk Hydro

7D

-4.7%

1Y

-15.8%

MVW

kr8.20

M Vest Water

7D

-3.5%

1Y

10.8%

BRG

kr190.00

Borregaard

7D

-0.6%

1Y

6.4%

RANA

kr80.00

Rana Gruber

7D

-0.1%

1Y

42.3%

ELK

kr19.41

Elkem

7D

-1.2%

1Y

-44.6%

ELO

kr34.50

Elopak

7D

1.5%

1Y

40.5%

Elopak (OB:ELO) Is Increasing Its Dividend To €1.46

Apr 22
Elopak (OB:ELO) Is Increasing Its Dividend To €1.46

BEWI

kr29.10

BEWi

7D

-4.3%

1Y

-29.5%

CIRCA

kr1.65

Circa Group

7D

8.9%

1Y

-73.9%

TEKNA

kr5.88

Tekna Holding

7D

6.9%

1Y

1.4%

Investors Don't See Light At End Of Tekna Holding ASA's (OB:TEKNA) Tunnel And Push Stock Down 27%

Apr 18
Investors Don't See Light At End Of Tekna Holding ASA's (OB:TEKNA) Tunnel And Push Stock Down 27%

NSKOG

kr37.54

Norske Skog

7D

6.7%

1Y

-17.5%

BOR

kr0.37

Borgestad

7D

6.6%

1Y

-73.6%

What Borgestad ASA's (OB:BOR) 27% Share Price Gain Is Not Telling You

Apr 14
What Borgestad ASA's (OB:BOR) 27% Share Price Gain Is Not Telling You

NOM

kr19.70

Nordic Mining

7D

-5.3%

1Y

63.9%

YAR

kr339.90

Yara International

7D

0.4%

1Y

-24.2%

BCS

kr7.94

Bergen Carbon Solutions

7D

-1.7%

1Y

-4.0%

DSRT

kr5.70

Desert Control

7D

-1.7%

1Y

-50.7%

VGM

kr1.77

Vow Green Metals

7D

7.3%

1Y

-14.5%

Vow Green Metals (OB:VGM) Is Making Moderate Use Of Debt

Feb 29
Vow Green Metals (OB:VGM) Is Making Moderate Use Of Debt