Estimating The Intrinsic Value Of Nordic Semiconductor ASA (OB:NOD)
Nov 20
Norwegian (OSEAX) Tech Sector Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies45
- 7D0.4%
- 3M-5.6%
- 1Y-16.2%
- YTD-11.6%
The Tech is pretty flat in the last 7 days, but Crayon Group Holding has stood out, gaining 5.3%. Unfortunately though, the industry is down 16% over the past 12 months. Earnings are forecast to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | kr98.0b | kr86.3b | kr946.1m | 16.7x | 103.5x | 1.1x |
| Mon, 30 Oct 2023 | kr95.9b | kr87.4b | -kr260,730,945.00 | 18.4x | -367.7x | 1.1x |
| Wed, 27 Sep 2023 | kr104.6b | kr87.6b | -kr33,564,108.00 | 18.2x | -3115.9x | 1.2x |
| Fri, 25 Aug 2023 | kr112.1b | kr86.7b | -kr95,964,279.00 | 21.8x | -1167.7x | 1.3x |
| Sun, 23 Jul 2023 | kr119.1b | kr85.1b | -kr377,423,589.00 | 20.8x | -315.6x | 1.4x |
| Tue, 20 Jun 2023 | kr122.6b | kr84.7b | -kr379,513,903.00 | 24.3x | -323x | 1.4x |
| Thu, 18 May 2023 | kr112.9b | kr84.3b | -kr171,771,329.00 | 24.9x | -657.4x | 1.3x |
| Sat, 15 Apr 2023 | kr115.9b | kr80.8b | -kr397,033,946.00 | 24.1x | -291.8x | 1.4x |
| Mon, 13 Mar 2023 | kr115.9b | kr81.0b | -kr368,419,958.00 | 23.6x | -314.6x | 1.4x |
| Wed, 08 Feb 2023 | kr111.1b | kr112.5b | kr352.4m | 24x | 315.4x | 1x |
| Fri, 06 Jan 2023 | kr115.8b | kr112.2b | kr306.7m | 25.4x | 377.7x | 1x |
| Sun, 04 Dec 2022 | kr119.0b | kr111.6b | kr420.8m | 25.2x | 282.8x | 1.1x |
| Tue, 01 Nov 2022 | kr109.6b | kr111.5b | kr355.2m | 24.6x | 308.5x | 1x |
| Thu, 29 Sep 2022 | kr101.5b | kr107.9b | kr100.7m | 23.4x | 1007.5x | 0.9x |
| Sat, 27 Aug 2022 | kr114.2b | kr106.7b | kr151.8m | 28x | 752x | 1.1x |
| Mon, 25 Jul 2022 | kr121.3b | kr105.9b | kr267.3m | 27.3x | 453.7x | 1.1x |
| Wed, 22 Jun 2022 | kr110.8b | kr103.7b | kr570.6m | 27x | 194.3x | 1.1x |
| Fri, 20 May 2022 | kr116.2b | kr103.1b | kr531.4m | 26.8x | 218.6x | 1.1x |
| Sun, 17 Apr 2022 | kr124.2b | kr100.8b | kr312.6m | 36x | 397.2x | 1.2x |
| Tue, 15 Mar 2022 | kr140.6b | kr101.0b | kr351.0m | 31.7x | 400.4x | 1.4x |
| Thu, 10 Feb 2022 | kr149.8b | kr98.1b | kr55.1m | 29.4x | 2719.2x | 1.5x |
| Sat, 08 Jan 2022 | kr166.8b | kr97.5b | -kr50,594,953.00 | 34.9x | -3296.2x | 1.7x |
| Mon, 06 Dec 2021 | kr169.0b | kr96.9b | kr109.7m | 36x | 1539.8x | 1.7x |
| Wed, 03 Nov 2021 | kr166.7b | kr95.3b | kr264.4m | 33.2x | 630.4x | 1.7x |
| Fri, 01 Oct 2021 | kr191.7b | kr93.6b | kr861.3m | 35.4x | 222.6x | 2x |
| Sun, 29 Aug 2021 | kr178.6b | kr91.5b | kr817.1m | 35.3x | 218.6x | 2x |
| Mon, 05 Jul 2021 | kr160.7b | kr91.5b | kr817.1m | 29x | 196.6x | 1.8x |
| Thu, 08 Apr 2021 | kr146.0b | kr86.9b | kr600.9m | 26.4x | 242.9x | 1.7x |
| Sun, 10 Jan 2021 | kr125.2b | kr82.9b | kr523.6m | 32.7x | 239.1x | 1.5x |
Price to Earnings Ratio
514.5x
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 102x which is lower than its 3-year average PE of 533x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 66% per year over the last three years.
- Revenues for these companies have grown 3.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Tech sector?
| NO Market | -0.88% | |
| Tech | 0.36% | |
| Tech Hardware | 3.22% | |
| Software | 1.94% | |
| Semiconductors | 0.23% | |
| IT | -0.33% | |
| Electronic Equipment and Components | -1.60% | |
| Communications | -1.78% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 23.1%, which is lower than the prior year's growth of 103.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 68% over the next 5 years.
- This is better than its past earnings growth rate of 24% per year.
- In contrast, the IT industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| RECSI REC Silicon | kr14.00 | 5.1% +kr286.0m | -13.8% | PS4.2x | |
| VOLUE Volue | kr19.04 | 9.9% +kr247.5m | -42.1% | PE52.6x | |
| PEXIP Pexip Holding | kr25.98 | 8.4% +kr204.8m | 94.5% | PS2.7x | |
| CRAYN Crayon Group Holding | kr83.70 | 2.7% +kr173.4m | -22.5% | PS1.2x | |
| ATEA Atea | kr123.00 | 1.2% +kr155.5m | 3.9% | PE16.1x |