Atea's (OB:ATEA) Conservative Accounting Might Explain Soft Earnings
Feb 14
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Norwegian (OSEAX) Tech Sector Analysis
UpdatedFeb 15, 2025
DataAggregated Company Financials
Companies33
- 7D-0.2%
- 3M11.0%
- 1Y17.8%
- YTD6.9%
Over the last 7 days, the Tech industry has dropped 1.1%, driven by a pullback from Atea of 3.4%. In contrast, LINK Mobility Group Holding has gained 8.8%. This takes the industry's 12 month performance to a gain of 18%. Earnings are forecast to grow by 37% annually.
Sector Valuation and Performance
Has the Norwegian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | NOK 105.6b | NOK 78.0b | NOK 1.1b | 26.1x | 97.9x | 1.4x |
| Tue, 14 Jan 2025 | NOK 97.2b | NOK 76.0b | NOK 738.0m | 37.6x | 131.7x | 1.3x |
| Thu, 12 Dec 2024 | NOK 97.2b | NOK 76.6b | NOK 808.1m | 33.5x | 120.3x | 1.3x |
| Sat, 09 Nov 2024 | NOK 93.5b | NOK 76.4b | NOK 737.7m | 27.7x | 126.8x | 1.2x |
| Mon, 07 Oct 2024 | NOK 103.9b | NOK 80.9b | NOK 713.7m | 33.1x | 145.6x | 1.3x |
| Wed, 04 Sep 2024 | NOK 111.6b | NOK 81.0b | NOK 701.9m | 33.8x | 159x | 1.4x |
| Fri, 02 Aug 2024 | NOK 118.3b | NOK 82.4b | NOK 1.4b | 21.6x | 83.6x | 1.4x |
| Sun, 30 Jun 2024 | NOK 113.5b | NOK 83.0b | NOK 1.6b | 20.9x | 72.5x | 1.4x |
| Tue, 28 May 2024 | NOK 110.5b | NOK 82.8b | NOK 1.6b | 20.5x | 70.8x | 1.3x |
| Thu, 25 Apr 2024 | NOK 101.1b | NOK 83.8b | NOK 1.3b | 20.8x | 79.6x | 1.2x |
| Sat, 23 Mar 2024 | NOK 94.1b | NOK 85.1b | NOK 1.7b | 20.7x | 56.4x | 1.1x |
| Mon, 19 Feb 2024 | NOK 97.8b | NOK 84.4b | NOK 1.7b | 20.4x | 56.2x | 1.2x |
| Wed, 17 Jan 2024 | NOK 104.0b | NOK 86.0b | NOK 947.9m | 17.6x | 109.7x | 1.2x |
| Fri, 15 Dec 2023 | NOK 104.1b | NOK 86.1b | NOK 951.9m | 16.8x | 109.4x | 1.2x |
| Sun, 12 Nov 2023 | NOK 100.5b | NOK 88.0b | -NOK 95,015,596.00 | 16.2x | -1057.3x | 1.1x |
| Tue, 10 Oct 2023 | NOK 104.3b | NOK 87.4b | NOK 10.7m | 17.7x | 9751.4x | 1.2x |
| Thu, 07 Sep 2023 | NOK 113.5b | NOK 87.6b | -NOK 21,653,772.00 | 21.2x | -5239.7x | 1.3x |
| Sat, 05 Aug 2023 | NOK 120.9b | NOK 85.1b | -NOK 382,507,587.00 | 21.6x | -316.2x | 1.4x |
| Mon, 03 Jul 2023 | NOK 119.3b | NOK 84.8b | -NOK 317,588,390.00 | 21.6x | -375.7x | 1.4x |
| Wed, 31 May 2023 | NOK 117.6b | NOK 85.4b | -NOK 400,343,752.00 | 22.4x | -293.7x | 1.4x |
| Fri, 28 Apr 2023 | NOK 107.0b | NOK 80.7b | -NOK 217,630,111.00 | 24.4x | -491.8x | 1.3x |
| Sun, 26 Mar 2023 | NOK 111.6b | NOK 80.9b | -NOK 385,674,428.00 | 23.3x | -289.4x | 1.4x |
| Tue, 21 Feb 2023 | NOK 114.6b | NOK 80.8b | -NOK 150,823,271.00 | 25x | -760.1x | 1.4x |
| Thu, 19 Jan 2023 | NOK 114.1b | NOK 111.8b | NOK 328.1m | 26.1x | 347.7x | 1x |
| Sat, 17 Dec 2022 | NOK 116.0b | NOK 111.8b | NOK 325.6m | 25.2x | 356.2x | 1x |
| Mon, 14 Nov 2022 | NOK 119.5b | NOK 111.6b | NOK 624.1m | 23.9x | 191.5x | 1.1x |
| Wed, 12 Oct 2022 | NOK 101.9b | NOK 107.9b | NOK 104.7m | 22.4x | 972.8x | 0.9x |
| Fri, 09 Sep 2022 | NOK 108.5b | NOK 107.2b | NOK 128.0m | 23.7x | 847.8x | 1x |
| Sun, 07 Aug 2022 | NOK 126.3b | NOK 105.8b | NOK 269.8m | 27.8x | 468.2x | 1.2x |
| Tue, 05 Jul 2022 | NOK 110.3b | NOK 103.8b | NOK 31.2m | 25.5x | 3540.1x | 1.1x |
| Thu, 02 Jun 2022 | NOK 122.4b | NOK 103.3b | NOK 488.2m | 28.3x | 250.7x | 1.2x |
| Sat, 30 Apr 2022 | NOK 124.8b | NOK 101.6b | NOK 307.4m | 33.9x | 405.9x | 1.2x |
| Mon, 28 Mar 2022 | NOK 143.6b | NOK 100.8b | NOK 296.8m | 33.3x | 483.7x | 1.4x |
| Wed, 23 Feb 2022 | NOK 142.2b | NOK 100.7b | NOK 342.9m | 28.7x | 414.8x | 1.4x |
Price to Earnings Ratio
414.8x
Current Industry PE
- Investors are pessimistic on the Norwegian Information Technology 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 118x which is lower than its 3-year average PE of 438x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 37% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.0% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Norwegian Tech sector?
| NO Market | -0.26% | |
| Tech | -0.24% | |
| Electronic Equipment and Components | 1.62% | |
| Software | 1.19% | |
| Communications | 0.11% | |
| Semiconductors | -0.81% | |
| Tech Hardware | -1.79% | |
| IT | -2.58% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 35.4%, which is higher than its past year's earnings growth of 3.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 87% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the IT industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| LINK LINK Mobility Group Holding | NOK 24.75 | 8.8% +NOK 564.2m | 32.5% | PE40.7x | |
| NORBT Norbit | NOK 110.00 | 5.8% +NOK 381.8m | 54.9% | PE28.8x | |
| CRAYN Crayon Group Holding | NOK 110.60 | 2.2% +NOK 211.9m | 32.8% | PE37.8x | |
| SMOP Smartoptics Group | NOK 23.00 | 3.1% +NOK 68.6m | 35.7% | PE50.2x | |
| SPIR Spir Group | NOK 9.12 | 4.1% +NOK 47.7m | 55.6% | PE35.9x |