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Norwegian (OSEAX) Tech Sector Analysis

UpdatedDec 07, 2021
DataAggregated Company Financials
Companies47
  • 7D-2.5%
  • 3M-7.7%
  • 1Y32.9%
  • YTD16.6%

Over the last 7 days, the Tech industry has dropped 4.7%, driven by a decline by Nordic Semiconductor of 3.3%. Meanwhile, IDEX Biometrics actually outperformed within the industry, gaining 6.5% in the last week. This takes the industry's 12 month performance to a gain of 28%.

Sector Valuation and Performance

Has the Norwegian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Thu, 09 Dec 2021kr165.1bkr96.9bkr110.3m36.2x
Sat, 06 Nov 2021kr168.3bkr95.7bkr271.3m33.2x
Mon, 04 Oct 2021kr168.2bkr93.6bkr857.8m35.6x
Wed, 01 Sep 2021kr182.0bkr91.5bkr817.1m35x
Thu, 08 Jul 2021kr160.7bkr91.5bkr817.1m29x
Wed, 31 Mar 2021kr146.0bkr86.9bkr600.9m26.4x
Sat, 02 Jan 2021kr125.2bkr82.9bkr523.6m32.7x
Tue, 06 Oct 2020kr77.9bkr72.8bkr660.7m29.5x
Fri, 10 Jul 2020kr53.1bkr70.2bkr496.1m23.7x
Thu, 02 Apr 2020kr32.3bkr66.6bkr257.3m17.2x
Sun, 05 Jan 2020kr55.5bkr77.3bkr935.7m22.2x
Wed, 09 Oct 2019kr50.9bkr77.1b-kr531,282,167.7619.4x
Tue, 02 Jul 2019kr47.9bkr74.8b-kr561,929,902.2320.6x
Fri, 05 Apr 2019kr47.4bkr72.6b-kr3,596,376,466.5819.9x
Mon, 07 Jan 2019kr43.7bkr70.6b-kr2,783,778,833.3719.8x
PE Ratio

19.8x

Total Market Cap: kr43.7bTotal Earnings: -kr2,783,778,833.37Total Revenue: kr70.6b0%0%0%3 Year10 Year
20202021

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 36.2x which is higher than its 3-year average PE of 25.7x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 11% 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 Tech sector?

Tech Hardware5.10%
Electronic Equipment and Components1.37%
IT-0.57%
Software-2.34%
Semiconductors-4.53%
Communications-4.57%

Industry PE: Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 283x. This is likely because analysts are expecting annual earnings growth of 66%, which is higher than its past year's earnings decline of 28% per year. Meanwhile, investors are most pessimistic about the Tech Hardware industry, which is trading below its 3-year average of 40.4x.

Forecasted Growth: Analysts are most optimistic on the Software industry, expecting annual earnings growth of 66% over the next 5 years. This is better than its past earnings decline of 28% per year. Meanwhile, the IT industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
MRCEL Mercell Holding13.0%+kr402.1m-26.8%PS5.7x
IDEX IDEX Biometrics4.4%+kr151.6m28.4%PS153.4x
SMCRT SmartCraft3.8%+kr126.6mn/aPE106.3x
KIT Kitron3.4%+kr114.6m12.3%PE22.1x
VOLUE Volue1.2%+kr100.7m54.2%PE584.3x
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MRCEL

kr6.95

Mercell Holding

7D

13.0%

1Y

-26.8%

VOLUE

kr58.60

Volue

7D

1.2%

1Y

54.2%

BOUV

kr72.80

Bouvet

7D

-2.8%

1Y

7.1%

HDLY

kr8.44

Huddly

7D

-9.5%

1Y

-35.7%

KIT

kr19.74

Kitron

7D

3.4%

1Y

12.3%