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Norwegian (OSEAX) Metals and Mining Industry Analysis
UpdatedSep 26, 2023
DataAggregated Company Financials
Companies5
- 7D1.2%
- 3M-0.5%
- 1Y5.7%
- YTD-15.4%
Over the last 7 days, the Metals and Mining industry has remained flat. The past year has been better, since the industry has gained 6.5% in that time. As for the next few years, earnings are expected to grow by 5.3% 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, 26 Sep 2023 | kr131.7b | kr200.1b | kr14.0b | 6.8x | 9.4x | 0.7x |
| Thu, 24 Aug 2023 | kr123.8b | kr200.1b | kr14.0b | 6.3x | 8.8x | 0.6x |
| Sat, 22 Jul 2023 | kr128.9b | kr211.2b | kr20.2b | 5.1x | 6.4x | 0.6x |
| Mon, 19 Jun 2023 | kr150.6b | kr211.2b | kr20.2b | 5.6x | 7.5x | 0.7x |
| Wed, 17 May 2023 | kr144.5b | kr209.3b | kr24.6b | 4.7x | 5.9x | 0.7x |
| Fri, 14 Apr 2023 | kr167.0b | kr209.4b | kr24.7b | 6.3x | 6.8x | 0.8x |
| Sun, 12 Mar 2023 | kr159.1b | kr209.4b | kr24.7b | 6.3x | 6.4x | 0.8x |
| Tue, 07 Feb 2023 | kr168.4b | kr211.6b | kr31.4b | 5.3x | 5.4x | 0.8x |
| Thu, 05 Jan 2023 | kr142.2b | kr211.6b | kr31.4b | 4.5x | 4.5x | 0.7x |
| Sat, 03 Dec 2022 | kr151.4b | kr211.6b | kr31.4b | 4.8x | 4.8x | 0.7x |
| Mon, 31 Oct 2022 | kr137.6b | kr211.6b | kr31.6b | 3.8x | 4.3x | 0.7x |
| Wed, 28 Sep 2022 | kr120.7b | kr195.8b | kr25.8b | 3.6x | 4.7x | 0.6x |
| Fri, 26 Aug 2022 | kr146.3b | kr195.9b | kr25.8b | 4.5x | 5.7x | 0.7x |
| Sun, 24 Jul 2022 | kr124.5b | kr197.0b | kr25.6b | 3.8x | 4.9x | 0.6x |
| Tue, 21 Jun 2022 | kr131.4b | kr166.0b | kr16.5b | 3.9x | 8x | 0.8x |
| Thu, 19 May 2022 | kr153.4b | kr166.0b | kr16.7b | 4.5x | 9.2x | 0.9x |
| Sat, 16 Apr 2022 | kr188.9b | kr151.3b | kr12.7b | 15.2x | 14.9x | 1.2x |
| Mon, 14 Mar 2022 | kr176.7b | kr151.6b | kr12.8b | 16.9x | 13.9x | 1.2x |
| Wed, 09 Feb 2022 | kr161.2b | kr159.1b | kr10.4b | 26.1x | 15.6x | 1x |
| Fri, 07 Jan 2022 | kr149.4b | kr159.1b | kr10.4b | n/a | 14.4x | 0.9x |
| Sun, 05 Dec 2021 | kr127.2b | kr159.1b | kr10.4b | 15.6x | 12.3x | 0.8x |
| Tue, 02 Nov 2021 | kr134.5b | kr159.1b | kr10.4b | 3.1x | 13x | 0.8x |
| Thu, 30 Sep 2021 | kr138.1b | kr150.0b | kr9.2b | 3.6x | 15x | 0.9x |
| Sat, 28 Aug 2021 | kr129.4b | kr150.0b | kr9.2b | 4.6x | 14x | 0.9x |
| Sun, 04 Jul 2021 | kr116.7b | kr150.0b | kr9.2b | 4.9x | 12.7x | 0.8x |
| Wed, 07 Apr 2021 | kr116.0b | kr140.4b | kr5.6b | 5.5x | 20.7x | 0.8x |
| Sat, 09 Jan 2021 | kr82.1b | kr138.5b | kr1.9b | 24.6x | 43.6x | 0.6x |
| Fri, 02 Oct 2020 | kr53.1b | kr126.0b | -kr3,493,748,601.13 | 7.3x | -15.2x | 0.4x |
Price to Earnings Ratio
-15.2x
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 9.4x which is lower than its 3-year average PE of 10.9x.
- The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
- Total earnings for the Metals and Mining industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 17% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Materials industry?
| NO Market | -1.12% | |
| Materials | -0.083% | |
| Metals and Mining | 1.25% | |
| Aluminum | 1.39% | |
| Copper | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -1.80% | |
| Steel | -3.83% | |
Industry PE
- Investors are most optimistic about the Aluminum industry even though it's trading below its 3-year average PE ratio of 11.3x.
- Analysts are expecting annual earnings growth of 5.5%, which is higher than its past year's earnings decline of 46.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 5.5% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 6.1% 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 | kr62.80 | 1.4% +kr1.7b | 9.5% | PE9.4x |