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Apr 10
Norwegian (OSEAX) Tech Sector Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies37
- 7D-1.9%
- 3M-3.1%
- 1Y-12.8%
- YTD-5.8%
The Tech industry is down 1.9% over the last week with REC Silicon the worst performer, down 7.5%. However, the industry is down 13% over the past year. As for the next few years, earnings are expected to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | kr94.0b | kr84.5b | kr1.6b | 22.5x | 59.6x | 1.1x |
| Fri, 15 Mar 2024 | kr93.1b | kr84.8b | kr1.7b | 21x | 56.2x | 1.1x |
| Sun, 11 Feb 2024 | kr96.8b | kr83.1b | kr1.6b | 18.4x | 60x | 1.2x |
| Tue, 09 Jan 2024 | kr103.7b | kr85.9b | kr945.4m | 17.5x | 109.7x | 1.2x |
| Thu, 07 Dec 2023 | kr99.2b | kr86.7b | kr964.3m | 16.6x | 102.9x | 1.1x |
| Sat, 04 Nov 2023 | kr98.8b | kr87.3b | -kr235,809,289.00 | 19.1x | -418.9x | 1.1x |
| Mon, 02 Oct 2023 | kr106.7b | kr87.2b | kr13.4m | 18.4x | 7957.9x | 1.2x |
| Wed, 30 Aug 2023 | kr112.4b | kr87.3b | -kr27,646,707.00 | 22.4x | -4065.5x | 1.3x |
| Fri, 28 Jul 2023 | kr120.9b | kr85.0b | -kr374,767,430.00 | 21.4x | -322.5x | 1.4x |
| Sun, 25 Jun 2023 | kr118.0b | kr84.9b | -kr322,106,510.00 | 21.6x | -366.4x | 1.4x |
| Tue, 23 May 2023 | kr115.9b | kr84.4b | -kr317,953,609.00 | 25.4x | -364.6x | 1.4x |
| Thu, 20 Apr 2023 | kr114.7b | kr81.0b | -kr411,231,396.00 | 24x | -278.9x | 1.4x |
| Sat, 18 Mar 2023 | kr112.4b | kr81.1b | -kr346,765,896.00 | 23.4x | -324x | 1.4x |
| Mon, 13 Feb 2023 | kr112.2b | kr101.3b | kr342.3m | 24.9x | 327.8x | 1.1x |
| Wed, 11 Jan 2023 | kr117.3b | kr111.9b | kr321.2m | 25.2x | 365x | 1x |
| Fri, 09 Dec 2022 | kr115.9b | kr111.8b | kr412.7m | 25.4x | 280.9x | 1x |
| Sun, 06 Nov 2022 | kr109.5b | kr111.4b | kr396.3m | 24.1x | 276.3x | 1x |
| Tue, 04 Oct 2022 | kr104.9b | kr107.9b | kr107.1m | 24x | 979.3x | 1x |
| Thu, 01 Sep 2022 | kr112.8b | kr106.9b | kr138.7m | 27.5x | 812.8x | 1.1x |
| Sat, 30 Jul 2022 | kr123.6b | kr105.6b | kr275.9m | 27.5x | 447.9x | 1.2x |
| Mon, 27 Jun 2022 | kr112.7b | kr103.8b | kr541.9m | 26.1x | 208x | 1.1x |
| Wed, 25 May 2022 | kr114.2b | kr103.2b | kr564.5m | 26.4x | 202.3x | 1.1x |
| Fri, 22 Apr 2022 | kr127.2b | kr100.9b | kr312.8m | 37x | 406.5x | 1.3x |
| Sun, 20 Mar 2022 | kr146.4b | kr100.8b | kr337.1m | 32.5x | 434.2x | 1.5x |
| Tue, 15 Feb 2022 | kr142.2b | kr98.5b | kr172.7m | 28.6x | 823.5x | 1.4x |
| Thu, 13 Jan 2022 | kr164.5b | kr97.3b | -kr49,227,320.00 | 35.1x | -3342.3x | 1.7x |
| Sat, 11 Dec 2021 | kr172.1b | kr96.8b | kr73.5m | 35.5x | 2340.2x | 1.8x |
| Mon, 08 Nov 2021 | kr168.3b | kr95.8b | kr252.9m | 33.2x | 665.8x | 1.8x |
| Wed, 06 Oct 2021 | kr167.7b | kr93.5b | kr852.0m | 35.2x | 196.8x | 1.8x |
| Fri, 03 Sep 2021 | kr185.8b | kr91.5b | kr817.1m | 34.8x | 227.4x | 2x |
| Sun, 01 Aug 2021 | kr177.4b | kr91.5b | kr817.1m | 31.8x | 217.1x | 1.9x |
| Wed, 05 May 2021 | kr156.9b | kr86.9b | kr584.0m | 28.9x | 268.7x | 1.8x |
Price to Earnings Ratio
268.7x
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 59.6x which is lower than its 3-year average PE of 507x.
- 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 39% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Norwegian Tech sector?
| NO Market | 0.72% | |
| Tech | -1.93% | |
| IT | 0.64% | |
| Semiconductors | -1.06% | |
| Communications | -2.37% | |
| Tech Hardware | -2.91% | |
| Electronic Equipment and Components | -2.92% | |
| Software | -4.48% | |
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 19.4%, which is lower than the prior year's growth of 77.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 7.3% 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 | |
|---|---|---|---|---|---|
| ATEA Atea | kr133.00 | 1.2% +kr178.4m | -0.4% | PE18.5x | |
| NOD Nordic Semiconductor | kr91.50 | 0.8% +kr134.4m | -40.0% | PE208.9x | |
| BOUV Bouvet | kr61.60 | 1.5% +kr92.9m | -8.1% | PE19.5x | |
| PLT poLight | kr4.51 | 27.9% +kr65.2m | -66.9% | PS13.3x | |
| CYVIZ Cyviz | kr32.40 | 2.9% +kr11.6m | -8.5% | PE113x |
