Norwegian (OSEAX) Metals and Mining Industry Analysis

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
Sun, 14 Apr 2024	kr149.1b	kr195.6b	kr4.0b	23.1x	37.4x	0.8x
Tue, 12 Mar 2024	kr115.0b	kr195.6b	kr4.0b	18.1x	28.8x	0.6x
Thu, 08 Feb 2024	kr123.5b	kr192.6b	kr6.9b	11.8x	18x	0.6x
Sat, 06 Jan 2024	kr139.5b	kr192.6b	kr6.8b	13.1x	20.5x	0.7x
Mon, 04 Dec 2023	kr135.1b	kr192.6b	kr6.8b	12.8x	19.9x	0.7x
Wed, 01 Nov 2023	kr133.1b	kr192.4b	kr6.7b	12.4x	19.7x	0.7x
Fri, 29 Sep 2023	kr137.2b	kr200.1b	kr14.0b	7x	9.8x	0.7x
Sun, 27 Aug 2023	kr122.0b	kr200.1b	kr14.0b	6.3x	8.7x	0.6x
Tue, 25 Jul 2023	kr130.3b	kr200.8b	kr14.1b	6.5x	9.2x	0.6x
Thu, 22 Jun 2023	kr137.3b	kr211.2b	kr20.2b	5.2x	6.8x	0.6x
Sat, 20 May 2023	kr145.1b	kr209.3b	kr24.6b	4.7x	5.9x	0.7x
Mon, 17 Apr 2023	kr167.6b	kr209.4b	kr24.7b	6.3x	6.8x	0.8x
Wed, 15 Mar 2023	kr159.3b	kr209.4b	kr24.7b	6.2x	6.4x	0.8x
Fri, 10 Feb 2023	kr167.6b	kr211.6b	kr31.4b	5.3x	5.3x	0.8x
Sun, 08 Jan 2023	kr150.9b	kr211.6b	kr31.4b	4.8x	4.8x	0.7x
Tue, 06 Dec 2022	kr155.3b	kr211.6b	kr31.4b	4.9x	4.9x	0.7x
Thu, 03 Nov 2022	kr138.4b	kr211.6b	kr31.6b	3.8x	4.4x	0.7x
Sat, 01 Oct 2022	kr123.6b	kr195.8b	kr25.8b	3.7x	4.8x	0.6x
Mon, 29 Aug 2022	kr149.2b	kr195.8b	kr25.8b	4.1x	5.8x	0.8x
Wed, 27 Jul 2022	kr124.2b	kr196.2b	kr25.6b	3.9x	4.9x	0.6x
Fri, 24 Jun 2022	kr126.2b	kr166.0b	kr16.5b	3.9x	7.7x	0.8x
Sun, 22 May 2022	kr154.0b	kr166.0b	kr16.7b	4.6x	9.2x	0.9x
Tue, 19 Apr 2022	kr188.9b	kr151.3b	kr12.7b	15.2x	14.9x	1.2x
Thu, 17 Mar 2022	kr169.6b	kr151.6b	kr12.8b	16.4x	13.3x	1.1x
Sat, 12 Feb 2022	kr163.6b	kr159.1b	kr10.3b	28.6x	15.8x	1x
Mon, 10 Jan 2022	kr149.7b	kr159.1b	kr10.4b	23.2x	14.5x	0.9x
Wed, 08 Dec 2021	kr127.0b	kr159.1b	kr10.4b	16.7x	12.2x	0.8x
Fri, 05 Nov 2021	kr130.3b	kr159.1b	kr10.3b	12.9x	12.6x	0.8x
Sun, 03 Oct 2021	kr137.7b	kr150.0b	kr9.2b	3.6x	14.9x	0.9x
Tue, 31 Aug 2021	kr128.0b	kr150.0b	kr9.2b	4.3x	13.9x	0.9x
Wed, 07 Jul 2021	kr116.7b	kr150.0b	kr9.2b	4.9x	12.7x	0.8x

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 37.4x which is higher than its 3-year average PE of 12.2x.

The industry is trading close to its 3-year average PS ratio of 0.85x.

Past Earnings Growth

The earnings for companies in the Metals and Mining industry have declined 11% 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	1.93%
Materials	1.63%
Metals and Mining	6.87%
Aluminum	6.96%
Diversified Metals and Mining	6.69%
Steel	3.32%
Copper	0%
Gold	0%
Precious Metals and Minerals	0%
Silver	0%

Industry PE

Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 12.5x.

Analysts are expecting annual earnings growth of 33.6%, which is higher than its past year's earnings decline of 85.1% per year.

Forecasted Growth

Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 141% over the next 5 years.

In contrast, the Steel industry is expected to see its earnings grow by 2.9% 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	kr71.60	7.0% +kr9.3b	-10.8%	PE40.1x
NOM Nordic Mining	kr20.00	6.7% +kr135.5m	60.5%	PB1.4x
RANA Rana Gruber	kr81.00	4.2% +kr122.4m	33.4%	PE6.1x
GEM Green Minerals	kr5.96	7.2% +kr5.6m	59.4%	PS14010.4x