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Norwegian (OSEAX) Metals and Mining Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies5
- 7D11.1%
- 3M21.1%
- 1Y13.4%
- YTD5.4%
In the last week, the Metals and Mining industry is up 8.2%, with Norsk Hydro up 8.6%. Meanwhile, Rana Gruber actually underperformed within the industry, shrinking 7.7% in the last week. In the last 12 months, the industry was up 11%. Earnings are forecast to grow by 49% annually.
Industry Valuation and Performance
Has the Norwegian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | NOK 148.4b | NOK 197.2b | NOK 1.8b | 56x | 83.4x | 0.8x |
| Sat, 19 Oct 2024 | NOK 142.8b | NOK 191.9b | NOK 669.6m | 360.8x | 213.2x | 0.7x |
| Mon, 16 Sep 2024 | NOK 123.9b | NOK 191.9b | NOK 669.6m | 312.5x | 185x | 0.6x |
| Wed, 14 Aug 2024 | NOK 118.8b | NOK 191.7b | NOK 642.5m | 299.7x | 184.9x | 0.6x |
| Fri, 12 Jul 2024 | NOK 139.6b | NOK 194.4b | NOK 3.7b | 23.2x | 37.6x | 0.7x |
| Sun, 09 Jun 2024 | NOK 141.3b | NOK 194.4b | NOK 3.7b | 23.4x | 38.1x | 0.7x |
| Tue, 07 May 2024 | NOK 146.1b | NOK 194.6b | NOK 3.7b | 24.7x | 39.9x | 0.8x |
| Thu, 04 Apr 2024 | NOK 137.4b | NOK 195.6b | NOK 4.0b | 21.4x | 34.4x | 0.7x |
| Sat, 02 Mar 2024 | NOK 114.7b | NOK 195.6b | NOK 4.0b | 18.1x | 28.7x | 0.6x |
| Mon, 29 Jan 2024 | NOK 130.8b | NOK 192.6b | NOK 6.8b | 12.3x | 19.2x | 0.7x |
| Wed, 27 Dec 2023 | NOK 142.5b | NOK 192.6b | NOK 6.8b | 13.3x | 20.9x | 0.7x |
| Fri, 24 Nov 2023 | NOK 136.6b | NOK 192.6b | NOK 6.8b | 12.8x | 20.1x | 0.7x |
| Sun, 22 Oct 2023 | NOK 121.5b | NOK 200.1b | NOK 14.0b | 6.4x | 8.7x | 0.6x |
| Tue, 19 Sep 2023 | NOK 130.0b | NOK 200.1b | NOK 14.0b | 6.8x | 9.3x | 0.6x |
| Thu, 17 Aug 2023 | NOK 130.0b | NOK 200.1b | NOK 14.0b | 6.5x | 9.3x | 0.6x |
| Sat, 15 Jul 2023 | NOK 135.5b | NOK 211.2b | NOK 20.2b | 5.2x | 6.7x | 0.6x |
| Mon, 12 Jun 2023 | NOK 145.3b | NOK 209.3b | NOK 24.6b | 4.7x | 5.9x | 0.7x |
| Wed, 10 May 2023 | NOK 155.6b | NOK 209.4b | NOK 24.7b | 6.3x | 6.3x | 0.7x |
| Fri, 07 Apr 2023 | NOK 158.5b | NOK 209.4b | NOK 24.7b | 6.1x | 6.4x | 0.8x |
| Sun, 05 Mar 2023 | NOK 170.2b | NOK 209.4b | NOK 24.8b | 4.8x | 6.9x | 0.8x |
| Tue, 31 Jan 2023 | NOK 168.5b | NOK 211.6b | NOK 31.4b | 5.3x | 5.4x | 0.8x |
| Thu, 29 Dec 2022 | NOK 151.9b | NOK 211.6b | NOK 31.4b | 4.8x | 4.8x | 0.7x |
| Sat, 26 Nov 2022 | NOK 152.6b | NOK 211.6b | NOK 31.4b | 4.8x | 4.9x | 0.7x |
| Mon, 24 Oct 2022 | NOK 129.6b | NOK 195.8b | NOK 25.8b | 3.8x | 5x | 0.7x |
| Wed, 21 Sep 2022 | NOK 130.5b | NOK 195.8b | NOK 25.8b | 3.7x | 5.1x | 0.7x |
| Fri, 19 Aug 2022 | NOK 140.8b | NOK 196.2b | NOK 25.6b | 4.1x | 5.5x | 0.7x |
| Sun, 17 Jul 2022 | NOK 112.1b | NOK 166.0b | NOK 16.5b | 3.7x | 6.8x | 0.7x |
| Tue, 14 Jun 2022 | NOK 132.2b | NOK 166.0b | NOK 16.5b | 4.4x | 8x | 0.8x |
| Thu, 12 May 2022 | NOK 143.4b | NOK 166.0b | NOK 16.6b | 8.7x | 8.6x | 0.9x |
| Sat, 09 Apr 2022 | NOK 183.7b | NOK 151.3b | NOK 12.7b | 14.8x | 14.5x | 1.2x |
| Mon, 07 Mar 2022 | NOK 185.0b | NOK 151.6b | NOK 12.8b | 17.3x | 14.5x | 1.2x |
| Wed, 02 Feb 2022 | NOK 149.4b | NOK 159.1b | NOK 10.4b | 26.3x | 14.4x | 0.9x |
| Fri, 31 Dec 2021 | NOK 146.8b | NOK 159.1b | NOK 10.4b | 22.5x | 14.2x | 0.9x |
| Sun, 28 Nov 2021 | NOK 126.0b | NOK 159.1b | NOK 10.4b | 14.3x | 12.2x | 0.8x |
Price to Earnings Ratio
12.2x
Current Industry PE
- Investors are optimistic on the Norwegian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 82.4x which is higher than its 3-year average PE of 31.0x.
- The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 44% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.4% 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 | 3.06% | |
| Materials | 6.92% | |
| Metals and Mining | 11.13% | |
| Aluminum | 11.49% | |
| Diversified Metals and Mining | 7.13% | |
| Copper | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Steel | -0.89% | |
Industry PE
- Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 70.3x.
- Analysts are expecting annual earnings growth of 50.1%, which is higher than its past year's earnings decline of 78.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 50% over the next 5 years.
- This is better than its past earnings decline of 79% per year.
- In contrast, the Diversified Metals and Mining industry is expected to see its earnings decline by 49% 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 | |
|---|---|---|---|---|---|
| NHY Norsk Hydro | NOK 71.80 | 11.5% +NOK 14.7b | 13.2% | PE106.4x | |
| NOM Nordic Mining | NOK 25.36 | 7.4% +NOK 189.2m | 77.3% | PB1.8x | |
| VGM Vow Green Metals | NOK 0.62 | 9.6% +NOK 11.0m | -72.5% | PB0.6x | |
| AKOBO Akobo Minerals | NOK 1.93 | 2.1% +NOK 7.5m | -67.4% | PE-2x |