Investors Don't See Light At End Of Tekna Holding ASA's (OB:TEKNA) Tunnel And Push Stock Down 27%
Apr 18
Norwegian (OSEAX) Chemicals Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies11
- 7D0.6%
- 3M-0.6%
- 1Y-24.0%
- YTD-4.5%
The Chemicals industry has been flat over the last week, but Elkem has lost 6.5%. Unfortunately though, the industry is down 23% over the past 12 months. Looking forward, earnings are forecast to grow by 39% annually.
Industry Valuation and Performance
Has the Norwegian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | kr124.5b | kr222.7b | -kr502,182,065.50 | 92.1x | -248x | 0.6x |
| Sat, 23 Mar 2024 | kr127.9b | kr220.6b | kr926.1m | 169.4x | 138.1x | 0.6x |
| Mon, 19 Feb 2024 | kr128.9b | kr216.5b | kr882.2m | 174.8x | 146.2x | 0.6x |
| Wed, 17 Jan 2024 | kr128.8b | kr238.9b | kr7.6b | 14.6x | 16.9x | 0.5x |
| Fri, 15 Dec 2023 | kr132.0b | kr238.9b | kr7.6b | 15.5x | 17.4x | 0.6x |
| Sun, 12 Nov 2023 | kr129.4b | kr250.4b | kr8.0b | 14.6x | 16.3x | 0.5x |
| Tue, 10 Oct 2023 | kr139.0b | kr272.4b | kr15.8b | 13.3x | 8.8x | 0.5x |
| Thu, 07 Sep 2023 | kr144.4b | kr271.6b | kr15.8b | 12.9x | 9.2x | 0.5x |
| Sat, 05 Aug 2023 | kr149.3b | kr258.5b | kr15.4b | 14x | 9.7x | 0.6x |
| Mon, 03 Jul 2023 | kr140.9b | kr300.8b | kr29.2b | 11.1x | 4.8x | 0.5x |
| Wed, 31 May 2023 | kr158.5b | kr311.4b | kr30.1b | 12.6x | 5.3x | 0.5x |
| Fri, 28 Apr 2023 | kr167.6b | kr319.0b | kr39.8b | 11.7x | 4.2x | 0.5x |
| Sun, 26 Mar 2023 | kr162.5b | kr314.6b | kr39.3b | 11.1x | 4.1x | 0.5x |
| Tue, 21 Feb 2023 | kr176.8b | kr308.1b | kr38.6b | 12.3x | 4.6x | 0.6x |
| Thu, 19 Jan 2023 | kr169.5b | kr294.9b | kr31.6b | 11.6x | 5.4x | 0.6x |
| Sat, 17 Dec 2022 | kr159.9b | kr295.5b | kr31.7b | 10x | 5x | 0.5x |
| Mon, 14 Nov 2022 | kr171.9b | kr295.9b | kr31.7b | 11.6x | 5.4x | 0.6x |
| Wed, 12 Oct 2022 | kr154.6b | kr293.1b | kr25.9b | 9.3x | 6x | 0.5x |
| Fri, 09 Sep 2022 | kr155.3b | kr278.8b | kr24.9b | 11.2x | 6.2x | 0.6x |
| Sun, 07 Aug 2022 | kr167.7b | kr272.9b | kr24.5b | 14.5x | 6.8x | 0.6x |
| Tue, 05 Jul 2022 | kr158.7b | kr243.7b | kr20.9b | 13.4x | 7.6x | 0.7x |
| Thu, 02 Jun 2022 | kr189.2b | kr236.0b | kr20.4b | 17x | 9.3x | 0.8x |
| Sat, 30 Apr 2022 | kr186.2b | kr232.9b | kr20.1b | 17.7x | 9.3x | 0.8x |
| Mon, 28 Mar 2022 | kr176.4b | kr189.6b | kr9.1b | 27.6x | 19.4x | 0.9x |
| Wed, 23 Feb 2022 | kr171.4b | kr193.4b | kr9.4b | 27.1x | 18.2x | 0.9x |
| Fri, 21 Jan 2022 | kr182.4b | kr168.5b | kr9.6b | 23.9x | 19x | 1.1x |
| Sun, 19 Dec 2021 | kr174.0b | kr172.3b | kr9.8b | 24x | 17.8x | 1x |
| Tue, 16 Nov 2021 | kr182.4b | kr167.6b | kr9.5b | 21.2x | 19.1x | 1.1x |
| Thu, 14 Oct 2021 | kr173.7b | kr148.5b | kr11.9b | 23.7x | 14.6x | 1.2x |
| Sat, 11 Sep 2021 | kr165.8b | kr149.9b | kr12.0b | 16x | 13.8x | 1.1x |
| Mon, 09 Aug 2021 | kr174.3b | kr149.9b | kr12.0b | 14.9x | 14.5x | 1.2x |
| Sun, 02 May 2021 | kr167.7b | kr137.4b | kr8.4b | 23x | 19.9x | 1.2x |
Price to Earnings Ratio
19.9x
Current Industry PE
- Investors are pessimistic on the Norwegian Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- Total earnings for the Chemicals industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 17% 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 industry?
| NO Market | 0.11% | |
| Materials | -2.27% | |
| Chemicals | 0.60% | |
| Fertilizers and Agricultural Chemicals | 2.04% | |
| Diversified Chemicals | 0% | |
| Industrial Gases | 0% | |
| Commodity Chemicals | -1.64% | |
| Specialty Chemicals | -2.57% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 24.4x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings decline of 98.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 87% over the next 5 years.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 34% 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 | |
|---|---|---|---|---|---|
| YAR Yara International | kr334.70 | 2.0% +kr1.7b | -25.1% | PE161.6x | |
| TEKNA Tekna Holding | kr6.02 | 5.6% +kr40.1m | 6.4% | PS2.3x | |
| ABTEC Aqua Bio Technology | kr5.08 | 1.8% +kr5.3m | -12.4% | PS21.5x | |
| COND CondAlign | kr6.80 | 4.6% +kr4.1m | -2.9% | n/a | |
| DSRT Desert Control | kr5.62 | 1.1% +kr3.2m | -56.7% | PS356.7x |