Be Wary Of Nordic Semiconductor (OB:NOD) And Its Returns On Capital
Apr 10
Norwegian (OSEAX) Semiconductors Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies4
- 7D-1.1%
- 3M-14.2%
- 1Y-39.6%
- YTD-22.8%
Over the last 7 days, the Semiconductors industry has dropped 1.1%, driven by a pullback from REC Silicon of 7.5%. However, the industry is down 40% over the past year. Looking forward, earnings are forecast to grow by 41% annually.
Industry Valuation and Performance
Has the Norwegian Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | kr22.5b | kr7.5b | kr391.3m | 111.3x | 57.4x | 3x |
| Sat, 16 Mar 2024 | kr20.7b | kr7.3b | kr388.8m | 106.8x | 53.2x | 2.8x |
| Mon, 12 Feb 2024 | kr23.8b | kr7.2b | kr386.0m | 123.3x | 61.6x | 3.3x |
| Wed, 10 Jan 2024 | kr21.8b | kr6.6b | kr439.1m | 40x | 49.5x | 3.3x |
| Fri, 08 Dec 2023 | kr20.7b | kr6.9b | kr466.5m | 36.2x | 44.4x | 3x |
| Sun, 05 Nov 2023 | kr24.5b | kr8.5b | -kr669,344,979.00 | 31x | -36.6x | 2.9x |
| Tue, 03 Oct 2023 | kr28.4b | kr9.1b | -kr408,978,860.00 | 26.2x | -69.5x | 3.1x |
| Thu, 31 Aug 2023 | kr32.5b | kr8.8b | -kr401,464,338.00 | 31.7x | -81x | 3.7x |
| Sat, 29 Jul 2023 | kr36.4b | kr8.6b | -kr481,093,253.00 | 37.8x | -75.7x | 4.2x |
| Mon, 26 Jun 2023 | kr31.1b | kr9.6b | -kr320,870,790.00 | 24.2x | -96.9x | 3.2x |
| Wed, 24 May 2023 | kr29.2b | kr9.7b | -kr323,126,816.00 | 21.8x | -90.3x | 3x |
| Fri, 21 Apr 2023 | kr30.9b | kr9.5b | -kr43,639,569.00 | 24x | -708.2x | 3.3x |
| Sun, 19 Mar 2023 | kr37.9b | kr10.0b | kr302.2m | 23.5x | 125.3x | 3.8x |
| Tue, 14 Feb 2023 | kr35.2b | kr9.6b | kr411.0m | 22.5x | 85.7x | 3.7x |
| Thu, 12 Jan 2023 | kr40.0b | kr9.3b | kr359.9m | 28.7x | 111.2x | 4.3x |
| Sat, 10 Dec 2022 | kr41.2b | kr9.1b | kr436.1m | 28.8x | 94.5x | 4.5x |
| Mon, 07 Nov 2022 | kr36.6b | kr9.4b | kr574.1m | 23.1x | 63.7x | 3.9x |
| Wed, 05 Oct 2022 | kr37.2b | kr9.0b | kr474.0m | 25.8x | 78.6x | 4.1x |
| Fri, 02 Sep 2022 | kr36.4b | kr8.7b | kr455.7m | 25.1x | 79.9x | 4.2x |
| Sun, 31 Jul 2022 | kr40.3b | kr8.3b | kr615.2m | 30.9x | 65.5x | 4.9x |
| Tue, 28 Jun 2022 | kr39.5b | kr7.8b | kr466.9m | 35.1x | 84.5x | 5.1x |
| Thu, 26 May 2022 | kr39.8b | kr7.6b | kr460.4m | 35.3x | 86.4x | 5.2x |
| Sat, 23 Apr 2022 | kr40.5b | kr6.7b | kr247.1m | 52.5x | 163.8x | 6x |
| Mon, 21 Mar 2022 | kr53.8b | kr6.6b | kr242.1m | 74.1x | 222.1x | 8.2x |
| Wed, 16 Feb 2022 | kr51.6b | kr6.6b | kr125.9m | 70.3x | 410.1x | 7.8x |
| Fri, 14 Jan 2022 | kr60.0b | kr6.1b | kr47.9m | 97.7x | 1253.3x | 9.9x |
| Sun, 12 Dec 2021 | kr64.7b | kr6.3b | kr49.5m | 101.4x | 1307.4x | 10.3x |
| Tue, 09 Nov 2021 | kr60.7b | kr6.0b | kr47.0m | 101.5x | 1292.2x | 10.2x |
| Thu, 07 Oct 2021 | kr54.8b | kr5.7b | kr471.8m | 86.5x | 116.1x | 9.5x |
| Sat, 04 Sep 2021 | kr65.5b | kr5.7b | kr471.8m | 104.3x | 138.8x | 11.4x |
| Mon, 02 Aug 2021 | kr63.5b | kr5.7b | kr471.8m | 100.7x | 134.6x | 11x |
| Thu, 06 May 2021 | kr47.3b | kr5.2b | kr71.9m | 86.5x | 658.3x | 9.2x |
Price to Earnings Ratio
658.3x
Current Industry PE
- Investors are pessimistic on the Norwegian Semiconductor 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 57.4x which is lower than its 3-year average PE of 202x.
- The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 76% per year over the last three years.
- Revenues for these companies have grown 13% 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 industry?
| NO Market | 0.72% | |
| Tech | -1.93% | |
| Semiconductors | -1.06% | |
| Semiconductors | 0.75% | |
| Semiconductor Equipment | -7.48% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 67.2x.
- Analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings decline of 93.7% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 54% over the next 5 years.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 38% 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 | |
|---|---|---|---|---|---|
| No data available | |||||