A Look At The Fair Value Of REC Silicon ASA (OB:RECSI)
Does the November share price for REC Silicon ASA ( OB:RECSI ) reflect what it's really worth? Today, we will estimate...
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?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Thu, 09 Dec 2021 | kr165.1b | kr96.9b | kr110.3m | 36.2x |
| Sat, 06 Nov 2021 | kr168.3b | kr95.7b | kr271.3m | 33.2x |
| Mon, 04 Oct 2021 | kr168.2b | kr93.6b | kr857.8m | 35.6x |
| Wed, 01 Sep 2021 | kr182.0b | kr91.5b | kr817.1m | 35x |
| Thu, 08 Jul 2021 | kr160.7b | kr91.5b | kr817.1m | 29x |
| Wed, 31 Mar 2021 | kr146.0b | kr86.9b | kr600.9m | 26.4x |
| Sat, 02 Jan 2021 | kr125.2b | kr82.9b | kr523.6m | 32.7x |
| Tue, 06 Oct 2020 | kr77.9b | kr72.8b | kr660.7m | 29.5x |
| Fri, 10 Jul 2020 | kr53.1b | kr70.2b | kr496.1m | 23.7x |
| Thu, 02 Apr 2020 | kr32.3b | kr66.6b | kr257.3m | 17.2x |
| Sun, 05 Jan 2020 | kr55.5b | kr77.3b | kr935.7m | 22.2x |
| Wed, 09 Oct 2019 | kr50.9b | kr77.1b | -kr531,282,167.76 | 19.4x |
| Tue, 02 Jul 2019 | kr47.9b | kr74.8b | -kr561,929,902.23 | 20.6x |
| Fri, 05 Apr 2019 | kr47.4b | kr72.6b | -kr3,596,376,466.58 | 19.9x |
| Mon, 07 Jan 2019 | kr43.7b | kr70.6b | -kr2,783,778,833.37 | 19.8x |
PE Ratio
19.8x
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 Hardware | 5.10% | |
| Electronic Equipment and Components | 1.37% | |
| 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?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| MRCEL Mercell Holding | 13.0%+kr402.1m | -26.8% | PS5.7x | |
| IDEX IDEX Biometrics | 4.4%+kr151.6m | 28.4% | PS153.4x | |
| SMCRT SmartCraft | 3.8%+kr126.6m | n/a | PE106.3x | |
| KIT Kitron | 3.4%+kr114.6m | 12.3% | PE22.1x | |
| VOLUE Volue | 1.2%+kr100.7m | 54.2% | PE584.3x |
