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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies7
  • 7D-4.3%
  • 3M-2.2%
  • 1Y63.1%
  • YTD47.4%

Over the last 7 days, the Metals and Mining industry has dropped 4.3%, driven by a decline by Norsk Hydro of 4.5%. Meanwhile, Rana Gruber actually outperformed within the industry, gaining 13% in the last week. This takes the industry's 12 month performance to a gain of 63%.

Industry Valuation and Performance

Has the Norwegian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Mon, 29 Nov 2021kr126.0bkr159.1bkr10.4b14.3x
Wed, 27 Oct 2021kr138.4bkr150.0bkr9.2b3.2x
Fri, 24 Sep 2021kr139.1bkr150.0bkr9.2b3.4x
Sun, 22 Aug 2021kr119.5bkr150.0bkr9.2b4.2x
Fri, 09 Jul 2021kr116.7bkr150.0bkr9.2b4.9x
Thu, 01 Apr 2021kr116.0bkr140.4bkr5.6b5.5x
Sun, 03 Jan 2021kr82.1bkr138.5bkr1.9b24.6x
Wed, 07 Oct 2020kr53.1bkr126.0b-kr3,493,748,601.137.3x
Tue, 30 Jun 2020kr54.7bkr130.4b-kr4,585,592,734.00n/a
Fri, 03 Apr 2020kr46.5bkr144.2b-kr3,411,842,750.00n/a
Mon, 06 Jan 2020kr67.0bkr150.2b-kr1,888,724,434.9226.1x
Thu, 10 Oct 2019kr65.8bkr153.1b-kr2,097,753,482.734x
Wed, 03 Jul 2019kr62.5bkr155.3b-kr132,108,748.667.1x
Sat, 06 Apr 2019kr71.6bkr157.3bkr2.0b28.8x
Tue, 08 Jan 2019kr80.3bkr159.4bkr4.1b18.9x
PE Ratio

9.8x

Total Market Cap: kr83.0bTotal Earnings: kr8.4bTotal Revenue: kr159.9b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.3x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Metals and Mining industry have grown 7.4% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Norwegian Metals and Mining industry?

Steel5.25%
Diversified Metals and Mining-0.26%
Aluminum-4.51%
Gold-8.93%

Industry PE: Investors are most optimistic about the Diversified Metals and Mining industry, which is trading close to its 3-year average PE ratio of 26.4x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Steel industry, which is trading below its 3-year average of 11.0x.

Forecasted Growth: Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 16% over the next 5 years. Meanwhile, the Steel industry is expected to see its earnings decline by 73% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
RANA Rana Gruber12.7%+kr185.7mn/aPE2.9x
NOM Nordic Mining3.5%+kr22.9m34.1%PE26.6x
SCANA Scana8.8%+kr15.1m-29.4%PE16.1x
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