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Norwegian (OSEAX) Metals and Mining Industry Analysis
UpdatedApr 21, 2025
DataAggregated Company Financials
Companies5
- 7D-2.1%
- 3M-21.0%
- 1Y-23.6%
- YTD-17.2%
Over the last 7 days, the Metals and Mining industry has dropped 2.1%, driven by a pullback from Norsk Hydro of 2.3%. On the other hand Nordic Mining is actually up 6.2%. Overall the industry is down 24% in 12 months. As for the next few years, earnings are expected to grow by 20% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 22 Apr 2025 | NOK 109.4b | NOK 205.3b | NOK 6.0b | 12.5x | 18.3x | 0.5x |
| Thu, 20 Mar 2025 | NOK 142.3b | NOK 205.3b | NOK 6.0b | 15.3x | 23.7x | 0.7x |
| Sat, 15 Feb 2025 | NOK 135.7b | NOK 197.2b | NOK 1.7b | 51.4x | 81.4x | 0.7x |
| Mon, 13 Jan 2025 | NOK 132.8b | NOK 197.2b | NOK 1.8b | 50.1x | 74.6x | 0.7x |
| Wed, 11 Dec 2024 | NOK 138.8b | NOK 197.2b | NOK 1.8b | 52.5x | 77.9x | 0.7x |
| Fri, 08 Nov 2024 | NOK 148.8b | NOK 197.3b | NOK 1.8b | 56.1x | 81x | 0.8x |
| Sun, 06 Oct 2024 | NOK 143.4b | NOK 191.9b | NOK 669.6m | 362.2x | 214.2x | 0.7x |
| Tue, 03 Sep 2024 | NOK 124.1b | NOK 191.9b | NOK 669.6m | 312.8x | 185.3x | 0.6x |
| Thu, 01 Aug 2024 | NOK 126.0b | NOK 191.7b | NOK 642.5m | 318x | 196.1x | 0.7x |
| Sat, 29 Jun 2024 | NOK 138.2b | NOK 194.4b | NOK 3.7b | 23.1x | 37.2x | 0.7x |
| Mon, 27 May 2024 | NOK 143.6b | NOK 194.4b | NOK 3.7b | 23.8x | 38.7x | 0.7x |
| Wed, 24 Apr 2024 | NOK 141.7b | NOK 195.6b | NOK 4.0b | 22x | 35.5x | 0.7x |
| Fri, 22 Mar 2024 | NOK 126.7b | NOK 195.6b | NOK 4.0b | 19.8x | 31.8x | 0.6x |
| Sun, 18 Feb 2024 | NOK 122.0b | NOK 195.6b | NOK 4.0b | 19.4x | 30.6x | 0.6x |
| Tue, 16 Jan 2024 | NOK 130.8b | NOK 192.6b | NOK 6.8b | 12.3x | 19.2x | 0.7x |
| Thu, 14 Dec 2023 | NOK 133.0b | NOK 192.6b | NOK 6.8b | 12.7x | 19.6x | 0.7x |
| Sat, 11 Nov 2023 | NOK 126.5b | NOK 192.4b | NOK 6.7b | 12x | 18.8x | 0.7x |
| Mon, 09 Oct 2023 | NOK 127.9b | NOK 200.1b | NOK 14.0b | 6.6x | 9.2x | 0.6x |
| Wed, 06 Sep 2023 | NOK 130.7b | NOK 200.1b | NOK 14.0b | 6.7x | 9.4x | 0.7x |
| Fri, 04 Aug 2023 | NOK 136.8b | NOK 200.1b | NOK 14.1b | 6.8x | 9.7x | 0.7x |
| Sun, 02 Jul 2023 | NOK 133.6b | NOK 211.2b | NOK 20.2b | 5.2x | 6.6x | 0.6x |
| Tue, 30 May 2023 | NOK 145.7b | NOK 209.3b | NOK 24.6b | 4.8x | 5.9x | 0.7x |
| Thu, 27 Apr 2023 | NOK 165.2b | NOK 209.4b | NOK 24.7b | 6.1x | 6.7x | 0.8x |
| Sat, 25 Mar 2023 | NOK 149.9b | NOK 209.4b | NOK 24.7b | 6x | 6.1x | 0.7x |
| Mon, 20 Feb 2023 | NOK 161.5b | NOK 209.4b | NOK 24.8b | 4.7x | 6.5x | 0.8x |
| Wed, 18 Jan 2023 | NOK 166.8b | NOK 211.6b | NOK 31.4b | 5.3x | 5.3x | 0.8x |
| Fri, 16 Dec 2022 | NOK 145.4b | NOK 211.6b | NOK 31.4b | 4.6x | 4.6x | 0.7x |
| Sun, 13 Nov 2022 | NOK 155.5b | NOK 211.6b | NOK 31.4b | 4.9x | 4.9x | 0.7x |
| Tue, 11 Oct 2022 | NOK 129.5b | NOK 195.8b | NOK 25.8b | 3.8x | 5x | 0.7x |
| Thu, 08 Sep 2022 | NOK 133.5b | NOK 195.8b | NOK 25.8b | 3.8x | 5.2x | 0.7x |
| Sat, 06 Aug 2022 | NOK 134.3b | NOK 196.2b | NOK 25.6b | 4.1x | 5.2x | 0.7x |
| Mon, 04 Jul 2022 | NOK 113.1b | NOK 166.0b | NOK 16.5b | 3.8x | 6.9x | 0.7x |
| Wed, 01 Jun 2022 | NOK 157.0b | NOK 166.0b | NOK 16.5b | 4.7x | 9.5x | 0.9x |
| Fri, 29 Apr 2022 | NOK 168.8b | NOK 151.3b | NOK 12.7b | 13.6x | 13.3x | 1.1x |
Price to Earnings Ratio
13.3x
Current Industry PE
- Investors are pessimistic on the Norwegian Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.3x which is lower than its 3-year average PE of 36.5x.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 11% 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 | 1.11% | |
| Materials | -0.37% | |
| Metals and Mining | -2.08% | |
| Diversified Metals and Mining | 6.15% | |
| Gold | 0% | 0 |
| Steel | -1.83% | |
| Aluminum | -2.26% | |
Industry PE
- Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 77.4x.
- Analysts are expecting annual earnings growth of 20.4%, which is lower than the prior year's growth of 61.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 62% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| NOM Nordic Mining | NOK 21.20 | 6.2% +NOK 134.4m | 5.9% | PB1.6x | |
| RANA Rana Gruber | NOK 69.40 | 0.7% +NOK 18.5m | -13.1% | PE6.9x | |
| AKOBO Akobo Minerals | NOK 1.49 | 2.8% +NOK 7.5m | 52.5% | PE-1.4x |