Norwegian (OSEAX) Tech Sector Analysis
UpdatedDec 04, 2022
DataAggregated Company Financials
Companies47
- 7D0.5%
- 3M11.3%
- 1Y-33.3%
- YTD-34.6%
In the last week, the Tech industry is flat overall, with REC Silicon standing out by going down 7.5%. Unfortunately though, the industry is down 33% over the past 12 months. Looking forward, earnings are forecast to grow by 41% 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 |
|---|---|---|---|---|---|---|
| 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 |
| Sat, 03 Oct 2020 | kr77.9b | kr72.8b | kr660.7m | 29.5x | 118x | 1.1x |
| Tue, 07 Jul 2020 | kr53.1b | kr70.2b | kr496.1m | 23.7x | 107.1x | 0.8x |
| Fri, 10 Apr 2020 | kr32.3b | kr66.6b | kr257.3m | 17.2x | 125.6x | 0.5x |
| Thu, 02 Jan 2020 | kr55.5b | kr77.3b | kr935.7m | 22.2x | 59.4x | 0.7x |
Price to Earnings Ratio
59.4x
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 283x which is lower than its 3-year average PE of 359x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
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 13% 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?
| NO Market | -0.70% | |
| Tech | 0.48% | |
| Electronic Equipment and Components | 1.35% | |
| Software | 1.26% | |
| Communications | 1.08% | |
| Semiconductors | 0.16% | |
| IT | -0.56% | |
| Tech Hardware | -0.59% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 220x.
- Analysts are expecting annual earnings growth of 34.7%, which is lower than the prior year's growth of 88.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 79% over the next 5 years.
- However this is lower than its past earnings growth rate of 160% per year.
- In contrast, the IT industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| NOD Nordic Semiconductor | kr181.10 | 1.7% +kr592.0m | -37.1% | PE29.9x | |
| VOLUE Volue | kr32.90 | 8.6% +kr374.1m | -42.6% | PE101.1x | |
| LINK LINK Mobility Group Holding | kr8.84 | 4.9% +kr120.6m | -54.4% | PE11.3x | |
| BOUV Bouvet | kr56.50 | 2.0% +kr113.1m | -24.0% | PE18.9x | |
| PEXIP Pexip Holding | kr13.36 | 8.8% +kr109.5m | -64.2% | PS1.6x |