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Norwegian (OSEAX) Metals and Mining Industry Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies5
  • 7D-4.2%
  • 3M0.2%
  • 1Y-8.1%
  • YTD-8.1%

Over the last 7 days, the Metals and Mining industry has dropped 4.2%, driven by a pullback from Norsk Hydro of 4.3%. However, the industry is down 8.1% over the past year. Looking forward, earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024NOK 129.4bNOK 197.2bNOK 1.8b48.9x72.7x0.7x
Tue, 19 Nov 2024NOK 145.3bNOK 197.2bNOK 1.8b54.9x81.6x0.7x
Thu, 17 Oct 2024NOK 143.3bNOK 191.9bNOK 669.6m361.9x213.9x0.7x
Sat, 14 Sep 2024NOK 123.9bNOK 191.9bNOK 669.6m312.5x185x0.6x
Mon, 12 Aug 2024NOK 118.7bNOK 191.7bNOK 642.5m299.5x184.8x0.6x
Wed, 10 Jul 2024NOK 139.6bNOK 194.4bNOK 3.7b23.2x37.6x0.7x
Fri, 07 Jun 2024NOK 143.4bNOK 194.4bNOK 3.7b23.7x38.7x0.7x
Sun, 05 May 2024NOK 144.7bNOK 194.6bNOK 3.7b24.4x39.5x0.7x
Tue, 02 Apr 2024NOK 124.2bNOK 195.6bNOK 4.0b19.6x31.1x0.6x
Thu, 29 Feb 2024NOK 113.9bNOK 195.6bNOK 4.0b18x28.6x0.6x
Sat, 27 Jan 2024NOK 130.8bNOK 192.6bNOK 6.8b12.3x19.2x0.7x
Mon, 25 Dec 2023NOK 142.5bNOK 192.6bNOK 6.8b13.3x20.9x0.7x
Wed, 22 Nov 2023NOK 133.9bNOK 192.6bNOK 6.8b12.7x19.7x0.7x
Fri, 20 Oct 2023NOK 124.2bNOK 200.1bNOK 14.0b6.6x8.9x0.6x
Sun, 17 Sep 2023NOK 132.3bNOK 200.1bNOK 14.0b6.8x9.5x0.7x
Tue, 15 Aug 2023NOK 131.6bNOK 200.1bNOK 14.1b6.6x9.3x0.7x
Thu, 13 Jul 2023NOK 136.1bNOK 211.2bNOK 20.2b5.2x6.8x0.6x
Sat, 10 Jun 2023NOK 145.3bNOK 209.3bNOK 24.6b4.7x5.9x0.7x
Mon, 08 May 2023NOK 153.1bNOK 209.4bNOK 24.7b6.2x6.2x0.7x
Wed, 05 Apr 2023NOK 161.7bNOK 209.4bNOK 24.7b6.1x6.5x0.8x
Fri, 03 Mar 2023NOK 165.3bNOK 209.4bNOK 24.8b4.7x6.7x0.8x
Sun, 29 Jan 2023NOK 169.2bNOK 211.6bNOK 31.4b5.3x5.4x0.8x
Tue, 27 Dec 2022NOK 152.6bNOK 211.6bNOK 31.4b4.8x4.9x0.7x
Thu, 24 Nov 2022NOK 152.7bNOK 211.6bNOK 31.4b4.8x4.9x0.7x
Sat, 22 Oct 2022NOK 129.6bNOK 195.8bNOK 25.8b3.8x5x0.7x
Mon, 19 Sep 2022NOK 135.8bNOK 195.8bNOK 25.8b3.8x5.3x0.7x
Wed, 17 Aug 2022NOK 137.9bNOK 196.2bNOK 25.6b4.2x5.4x0.7x
Fri, 15 Jul 2022NOK 110.3bNOK 166.0bNOK 16.5b3.7x6.7x0.7x
Sun, 12 Jun 2022NOK 139.0bNOK 166.0bNOK 16.5b4.4x8.4x0.8x
Tue, 10 May 2022NOK 146.8bNOK 166.0bNOK 16.6b8.9x8.8x0.9x
Thu, 07 Apr 2022NOK 184.7bNOK 151.3bNOK 12.7b14.9x14.5x1.2x
Sat, 05 Mar 2022NOK 185.0bNOK 151.6bNOK 12.8b17.3x14.5x1.2x
Mon, 31 Jan 2022NOK 147.6bNOK 159.1bNOK 10.4b25.5x14.2x0.9x
Wed, 29 Dec 2021NOK 146.4bNOK 159.1bNOK 10.4b14.1x14.1x0.9x
Price to Earnings Ratio

14.1x


Total Market Cap: NOK 146.4bTotal Earnings: NOK 10.4bTotal Revenue: NOK 159.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Metals and Mining Industry Price to Earnings3Y Average 32.9x202220232024
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 72.7x which is higher than its 3-year average PE of 32.8x.
  • 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-2.76%
Materials-4.82%
Metals and Mining-4.16%
Diversified Metals and Mining2.05%
Copper0%
Gold0%
Precious Metals and Minerals0%
Silver0%
Aluminum-4.27%
Steel-5.05%
Industry PE
  • Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 72.8x.
    • Analysts are expecting annual earnings growth of 47.6%, 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 48% 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?

CompanyLast Price7D1YValuation
NOM Nordic MiningNOK 25.002.4%
+NOK 62.9m		56.3%PB1.8x
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RANA

NOK 71.70

Rana Gruber

7D

-4.4%

1Y

-9.0%

NHY

NOK 62.36

Norsk Hydro

7D

-4.3%

1Y

-8.7%

NOM

NOK 25.00

Nordic Mining

7D

2.4%

1Y

56.3%

AKOBO

NOK 1.95

Akobo Minerals

7D

-2.5%

1Y

-46.3%

VGM

NOK 0.61

Vow Green Metals

7D

-17.0%

1Y

-68.4%

GEM

NOK 3.49

Green Minerals

7D

-12.5%

1Y

-31.6%