Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?
Dec 05
Norwegian (OSEAX) Materials Sector Analysis
UpdatedDec 06, 2023
DataAggregated Company Financials
Companies20
- 7D-1.9%
- 3M-5.1%
- 1Y-20.8%
- YTD-19.0%
Over the last 7 days, the Materials industry has dropped 1.9%, driven by a pullback from Norsk Hydro of 3.6%. On the other hand BEWi is actually up 12%. However, the industry is down 21% over the past year. As for the next few years, earnings are expected to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Wed, 06 Dec 2023 | kr269.7b | kr466.8b | kr16.4b | 9.3x | 16.5x | 0.6x |
| Fri, 03 Nov 2023 | kr272.9b | kr470.5b | kr16.7b | 11.6x | 16.3x | 0.6x |
| Sun, 01 Oct 2023 | kr295.0b | kr497.9b | kr31.2b | 9.3x | 9.5x | 0.6x |
| Tue, 29 Aug 2023 | kr271.2b | kr498.9b | kr31.3b | 8.8x | 8.7x | 0.5x |
| Thu, 27 Jul 2023 | kr292.0b | kr485.8b | kr30.9b | 9.8x | 9.5x | 0.6x |
| Sat, 24 Jun 2023 | kr281.5b | kr543.3b | kr52.0b | 5.5x | 5.4x | 0.5x |
| Mon, 22 May 2023 | kr315.4b | kr541.3b | kr56.4b | 5.5x | 5.6x | 0.6x |
| Wed, 19 Apr 2023 | kr353.5b | kr551.3b | kr67.0b | 6.2x | 5.3x | 0.6x |
| Fri, 17 Mar 2023 | kr330.2b | kr556.9b | kr67.1b | 6x | 4.9x | 0.6x |
| Sun, 12 Feb 2023 | kr351.7b | kr542.9b | kr72.2b | 5.3x | 4.9x | 0.6x |
| Tue, 10 Jan 2023 | kr341.3b | kr532.0b | kr65.2b | 5.8x | 5.2x | 0.6x |
| Thu, 08 Dec 2022 | kr327.9b | kr536.0b | kr65.6b | 5.3x | 5x | 0.6x |
| Sat, 05 Nov 2022 | kr328.2b | kr540.1b | kr66.3b | 4.6x | 5x | 0.6x |
| Mon, 03 Oct 2022 | kr281.5b | kr516.5b | kr53.3b | 4.8x | 5.3x | 0.5x |
| Wed, 31 Aug 2022 | kr318.7b | kr491.5b | kr51.7b | 5.6x | 6.2x | 0.6x |
| Fri, 29 Jul 2022 | kr302.7b | kr492.1b | kr51.4b | 5x | 5.9x | 0.6x |
| Sun, 26 Jun 2022 | kr299.6b | kr432.1b | kr37.5b | 8x | 8x | 0.7x |
| Tue, 24 May 2022 | kr351.9b | kr426.6b | kr37.1b | 9.6x | 9.5x | 0.8x |
| Thu, 21 Apr 2022 | kr383.4b | kr363.5b | kr21.9b | 20x | 17.5x | 1.1x |
| Sat, 19 Mar 2022 | kr355.7b | kr363.2b | kr21.9b | 18.6x | 16.3x | 1x |
| Mon, 14 Feb 2022 | kr354.3b | kr370.9b | kr19.6b | 28.9x | 18.1x | 1x |
| Wed, 12 Jan 2022 | kr338.3b | kr347.5b | kr18.0b | 20.2x | 18.7x | 1x |
| Fri, 10 Dec 2021 | kr320.3b | kr351.0b | kr18.2b | 19.5x | 17.6x | 0.9x |
| Sun, 07 Nov 2021 | kr321.7b | kr343.9b | kr17.9b | 15.8x | 18x | 0.9x |
| Tue, 05 Oct 2021 | kr327.0b | kr318.0b | kr19.8b | 16.7x | 16.5x | 1x |
| Thu, 02 Sep 2021 | kr318.4b | kr318.7b | kr19.9b | 14.5x | 16x | 1x |
| Sat, 31 Jul 2021 | kr314.9b | kr318.7b | kr19.9b | 13.5x | 15.9x | 1x |
| Tue, 04 May 2021 | kr284.4b | kr287.4b | kr12.6b | 16.7x | 22.6x | 1x |
| Fri, 05 Feb 2021 | kr221.2b | kr282.1b | kr6.7b | 26.8x | 32.8x | 0.8x |
Price to Earnings Ratio
31.7x
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 16.5x which is higher than its 3-year average PE of 13.6x.
- 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 34% 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 Materials sector?
| NO Market | -0.88% | |
| Materials | -1.86% | |
| Paper and Forestry Products | 3.38% | |
| Packaging | 1.14% | |
| Chemicals | -0.75% | |
| Basic Materials | -1.79% | |
| Metals and Mining | -3.23% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 13.6x.
- Analysts expect its future annual earnings growth (33.6%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 51% over the next 5 years.
- In contrast, the Packaging industry is expected to see its earnings grow by 2.4% 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 | |
|---|---|---|---|---|---|
| BEWI BEWi | kr21.20 | 11.9% +kr433.3m | -53.6% | PS0.3x | |
| NOM Nordic Mining | kr0.87 | 14.5% +kr238.5m | -56.1% | PB1.2x | |
| NSKOG Norske Skog | kr41.04 | 3.4% +kr113.7m | -33.3% | PE3.3x | |
| RANA Rana Gruber | kr79.60 | 3.0% +kr85.3m | 74.6% | PE5.2x | |
| ELO Elopak | kr26.70 | 1.1% +kr80.7m | 10.3% | PE9.3x |
