Returns On Capital Are Showing Encouraging Signs At Atea (OB:ATEA)
Oct 08
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Norwegian (OSEAX) Tech Sector Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies36
- 7D1.3%
- 3M-8.6%
- 1Y15.2%
- YTD9.4%
In the last week, the Tech industry is up 1.3%, with Atea up 4.6%. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 44% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | NOK 105.2b | NOK 80.9b | NOK 709.3m | 34.7x | 148.3x | 1.3x |
| Thu, 12 Sep 2024 | NOK 110.2b | NOK 81.2b | NOK 691.4m | 33x | 159.4x | 1.4x |
| Sat, 10 Aug 2024 | NOK 109.5b | NOK 80.4b | NOK 821.0m | 25.2x | 133.4x | 1.4x |
| Mon, 08 Jul 2024 | NOK 115.7b | NOK 82.9b | NOK 1.6b | 20.6x | 73.8x | 1.4x |
| Wed, 05 Jun 2024 | NOK 109.4b | NOK 82.9b | NOK 1.6b | 20.2x | 70x | 1.3x |
| Fri, 03 May 2024 | NOK 103.6b | NOK 82.5b | NOK 1.3b | 22.7x | 80.8x | 1.3x |
| Sun, 31 Mar 2024 | NOK 95.1b | NOK 84.4b | NOK 1.6b | 22.3x | 59.3x | 1.1x |
| Tue, 27 Feb 2024 | NOK 94.7b | NOK 84.5b | NOK 1.6b | 20.6x | 61.1x | 1.1x |
| Thu, 25 Jan 2024 | NOK 107.7b | NOK 86.0b | NOK 948.4m | 18.9x | 113.6x | 1.3x |
| Sat, 23 Dec 2023 | NOK 105.2b | NOK 85.7b | NOK 938.4m | 17.2x | 112.1x | 1.2x |
| Mon, 20 Nov 2023 | NOK 104.2b | NOK 87.8b | -NOK 65,728,906.00 | 17.1x | -1584.9x | 1.2x |
| Wed, 18 Oct 2023 | NOK 107.0b | NOK 87.6b | NOK 4.7m | 18.5x | 22529.2x | 1.2x |
| Fri, 15 Sep 2023 | NOK 110.1b | NOK 87.6b | -NOK 24,113,004.00 | 21x | -4567.6x | 1.3x |
| Sun, 13 Aug 2023 | NOK 119.9b | NOK 85.7b | -NOK 291,149,748.00 | 23.3x | -411.9x | 1.4x |
| Tue, 11 Jul 2023 | NOK 116.4b | NOK 84.5b | -NOK 318,607,683.00 | 21.6x | -365.3x | 1.4x |
| Thu, 08 Jun 2023 | NOK 120.1b | NOK 85.1b | -NOK 396,003,770.00 | 22.8x | -303.3x | 1.4x |
| Sat, 06 May 2023 | NOK 110.7b | NOK 83.3b | NOK 42.9m | 22.6x | 2583.1x | 1.3x |
| Mon, 03 Apr 2023 | NOK 116.7b | NOK 80.9b | -NOK 386,085,906.00 | 24.6x | -302.2x | 1.4x |
| Wed, 01 Mar 2023 | NOK 114.5b | NOK 80.7b | -NOK 289,750,334.00 | 25x | -395x | 1.4x |
| Fri, 27 Jan 2023 | NOK 116.0b | NOK 111.8b | NOK 327.3m | 26.1x | 354.5x | 1x |
| Sun, 25 Dec 2022 | NOK 113.2b | NOK 111.8b | NOK 327.2m | 25.6x | 346x | 1x |
| Tue, 22 Nov 2022 | NOK 117.7b | NOK 112.1b | NOK 487.0m | 24.7x | 241.7x | 1x |
| Thu, 20 Oct 2022 | NOK 106.2b | NOK 108.1b | NOK 96.3m | 24.6x | 1103.2x | 1x |
| Sat, 17 Sep 2022 | NOK 105.8b | NOK 107.4b | NOK 119.6m | 23.1x | 885x | 1x |
| Mon, 15 Aug 2022 | NOK 124.7b | NOK 105.7b | NOK 245.2m | 24.6x | 508.6x | 1.2x |
| Wed, 13 Jul 2022 | NOK 115.2b | NOK 103.6b | NOK 23.9m | 28.2x | 4815.5x | 1.1x |
| Fri, 10 Jun 2022 | NOK 120.6b | NOK 103.5b | NOK 631.1m | 28.1x | 191.1x | 1.2x |
| Sun, 08 May 2022 | NOK 113.6b | NOK 97.5b | NOK 263.2m | 30.5x | 431.8x | 1.2x |
| Tue, 05 Apr 2022 | NOK 138.2b | NOK 100.8b | NOK 321.3m | 36.9x | 430.3x | 1.4x |
| Thu, 03 Mar 2022 | NOK 142.5b | NOK 101.0b | NOK 437.5m | 27.7x | 325.6x | 1.4x |
| Sat, 29 Jan 2022 | NOK 150.1b | NOK 97.7b | -NOK 46,323,645.00 | 28.1x | -3239.2x | 1.5x |
| Mon, 27 Dec 2021 | NOK 171.0b | NOK 96.8b | NOK 66.8m | 34.6x | 2560.7x | 1.8x |
| Wed, 24 Nov 2021 | NOK 177.8b | NOK 96.5b | NOK 158.4m | 36.6x | 1122.3x | 1.8x |
| Fri, 22 Oct 2021 | NOK 162.9b | NOK 93.4b | NOK 451.8m | 34.2x | 360.6x | 1.7x |
Price to Earnings Ratio
360.6x
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 148x which is lower than its 3-year average PE of 483x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 16% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.7% 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 | -0.44% | |
| Tech | 1.32% | |
| Tech Hardware | 6.84% | |
| IT | 3.74% | |
| Electronic Equipment and Components | 2.84% | |
| Software | 1.12% | |
| Communications | -2.05% | |
| Semiconductors | -2.27% | |
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 48.2%, which is higher than its past year's earnings decline of 1.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 93% over the next 5 years.
- This is better than its past earnings decline of 54% per year.
- In contrast, the IT industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| ATEA Atea | NOK 137.00 | 4.6% +NOK 670.0m | 1.8% | PE20.1x | |
| LINK LINK Mobility Group Holding | NOK 25.55 | 6.2% +NOK 425.5m | 106.0% | PE18.6x | |
| KIT Kitron | NOK 30.70 | 6.4% +NOK 367.2m | -9.3% | PE13.4x | |
| NORBT Norbit | NOK 91.00 | 5.2% +NOK 286.2m | 71.1% | PE34.6x | |
| CRAYN Crayon Group Holding | NOK 125.00 | 2.5% +NOK 273.7m | 77.1% | PE212.2x |
