Elkem ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Jul 17
Norwegian (OSEAX) Chemicals Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies11
- 7D2.0%
- 3M-0.9%
- 1Y-19.6%
- YTD-8.5%
The Chemicals industry is up 2.7% in the last week, with Yara International up 5.4%. However, the industry is down 18% over the past year. Earnings are forecast to grow by 40% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | NOK 119.5b | NOK 208.2b | NOK 2.5b | 25.2x | 47x | 0.6x |
| Sun, 23 Jun 2024 | NOK 116.5b | NOK 206.3b | -NOK 1,512,760,434.99 | 23.7x | -77x | 0.6x |
| Tue, 21 May 2024 | NOK 123.7b | NOK 208.0b | -NOK 1,532,246,549.81 | 23.4x | -80.7x | 0.6x |
| Thu, 18 Apr 2024 | NOK 123.8b | NOK 224.6b | NOK 921.4m | 158.2x | 134.4x | 0.6x |
| Sat, 16 Mar 2024 | NOK 125.3b | NOK 218.5b | NOK 920.3m | 167x | 136.2x | 0.6x |
| Mon, 12 Feb 2024 | NOK 128.4b | NOK 217.4b | NOK 888.1m | 179.8x | 144.5x | 0.6x |
| Wed, 10 Jan 2024 | NOK 131.4b | NOK 236.6b | NOK 7.5b | 15.1x | 17.4x | 0.6x |
| Fri, 08 Dec 2023 | NOK 128.8b | NOK 246.3b | NOK 7.8b | 14.7x | 16.5x | 0.5x |
| Sun, 05 Nov 2023 | NOK 130.3b | NOK 249.3b | NOK 8.1b | 15.7x | 16x | 0.5x |
| Tue, 03 Oct 2023 | NOK 144.1b | NOK 273.2b | NOK 15.9b | 13.3x | 9.1x | 0.5x |
| Thu, 31 Aug 2023 | NOK 140.2b | NOK 268.3b | NOK 15.6b | 13.1x | 9x | 0.5x |
| Sat, 29 Jul 2023 | NOK 150.7b | NOK 259.7b | NOK 15.4b | 14.2x | 9.8x | 0.6x |
| Mon, 26 Jun 2023 | NOK 140.8b | NOK 303.1b | NOK 29.4b | 11.1x | 4.8x | 0.5x |
| Wed, 24 May 2023 | NOK 159.8b | NOK 305.4b | NOK 29.6b | 12.9x | 5.4x | 0.5x |
| Fri, 21 Apr 2023 | NOK 170.1b | NOK 317.5b | NOK 39.6b | 11.7x | 4.3x | 0.5x |
| Sun, 19 Mar 2023 | NOK 165.0b | NOK 320.3b | NOK 40.0b | 11.3x | 4.1x | 0.5x |
| Tue, 14 Feb 2023 | NOK 174.4b | NOK 304.4b | NOK 38.5b | 10x | 4.5x | 0.6x |
| Thu, 12 Jan 2023 | NOK 168.1b | NOK 298.1b | NOK 31.9b | 11.4x | 5.3x | 0.6x |
| Sat, 10 Dec 2022 | NOK 163.8b | NOK 297.0b | NOK 31.8b | 10.5x | 5.1x | 0.6x |
| Mon, 07 Nov 2022 | NOK 170.8b | NOK 303.2b | NOK 32.5b | 11.1x | 5.3x | 0.6x |
| Wed, 05 Oct 2022 | NOK 152.0b | NOK 288.0b | NOK 25.5b | 9.7x | 6x | 0.5x |
| Fri, 02 Sep 2022 | NOK 162.0b | NOK 278.7b | NOK 24.9b | 11.5x | 6.5x | 0.6x |
| Sun, 31 Jul 2022 | NOK 167.3b | NOK 269.3b | NOK 24.2b | 14.6x | 6.9x | 0.6x |
| Tue, 28 Jun 2022 | NOK 165.1b | NOK 242.1b | NOK 20.8b | 13.9x | 7.9x | 0.7x |
| Thu, 26 May 2022 | NOK 187.9b | NOK 239.0b | NOK 20.6b | 16.2x | 9.1x | 0.8x |
| Sat, 23 Apr 2022 | NOK 186.1b | NOK 194.7b | NOK 9.2b | 27.7x | 20.1x | 1x |
| Mon, 21 Mar 2022 | NOK 171.1b | NOK 191.8b | NOK 9.2b | 27.4x | 18.7x | 0.9x |
| Wed, 16 Feb 2022 | NOK 176.8b | NOK 193.8b | NOK 9.4b | 28.1x | 18.7x | 0.9x |
| Fri, 14 Jan 2022 | NOK 184.8b | NOK 167.4b | NOK 9.5b | 25.3x | 19.3x | 1.1x |
| Sun, 12 Dec 2021 | NOK 177.1b | NOK 171.6b | NOK 9.7b | 23.2x | 18.2x | 1x |
| Tue, 09 Nov 2021 | NOK 182.9b | NOK 165.0b | NOK 9.4b | 21.6x | 19.4x | 1.1x |
| Thu, 07 Oct 2021 | NOK 173.2b | NOK 149.7b | NOK 12.0b | 21.9x | 14.4x | 1.2x |
| Sat, 04 Sep 2021 | NOK 175.9b | NOK 149.9b | NOK 12.0b | 16.4x | 14.6x | 1.2x |
| Mon, 02 Aug 2021 | NOK 177.3b | NOK 149.9b | NOK 12.0b | 14.7x | 14.8x | 1.2x |
Price to Earnings Ratio
14.8x
Current Industry PE
- Investors are optimistic on the Norwegian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 47.2x which is higher than its 3-year average PE of 9.5x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 40% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 | -1.27% | |
| Materials | -3.28% | |
| Chemicals | 1.99% | |
| Fertilizers and Agricultural Chemicals | 4.34% | |
| Diversified Chemicals | 0% | |
| Industrial Gases | 0% | |
| Specialty Chemicals | -1.85% | |
| Commodity Chemicals | -6.88% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 10.9x.
- Analysts are expecting annual earnings growth of 43.4%, which is higher than its past year's earnings decline of 14.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 101% over the next 5 years.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 35% 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 | NOK 316.30 | 4.8% +NOK 3.7b | -23.5% | PE27.6x | |
| MVW M Vest Water | NOK 9.35 | 1.6% +NOK 4.9m | 19.9% | PS28.4x |