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Norwegian (OSEAX) Software Industry Analysis
UpdatedDec 05, 2021
DataAggregated Company Financials
Companies18
- 7D-1.1%
- 3M-19.5%
- 1Y-6.8%
- YTD-18.9%
Over the last 7 days, the Software industry has dropped 1.1%, driven by a pullback from Crayon Group Holding of 4.1%. Meanwhile, Volue actually outperformed within the industry, gaining 5.7% in the last week. However, the industry is down 6.8% over the past year.
Industry Valuation and Performance
Has the Norwegian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 06 Dec 2021 | kr50.2b | kr32.6b | -kr568,091,985.00 | 118.5x |
| Wed, 03 Nov 2021 | kr55.4b | kr32.0b | -kr502,576,985.00 | 135.6x |
| Fri, 01 Oct 2021 | kr81.4b | kr30.5b | -kr377,619,794.00 | 160.6x |
| Sun, 29 Aug 2021 | kr59.2b | kr28.5b | -kr417,443,794.00 | 133.6x |
| Mon, 05 Jul 2021 | kr54.9b | kr28.5b | -kr417,443,794.00 | 136.4x |
| Thu, 08 Apr 2021 | kr56.3b | kr27.8b | -kr110,122,212.00 | 61x |
| Sun, 10 Jan 2021 | kr47.4b | kr25.7b | -kr204,352,280.00 | 99x |
| Sat, 03 Oct 2020 | kr23.9b | kr19.1b | -kr149,496,203.00 | 1472.1x |
| Tue, 07 Jul 2020 | kr13.7b | kr17.7b | -kr19,230,934.00 | 1263x |
| Fri, 10 Apr 2020 | kr3.8b | kr15.3b | -kr58,244,934.00 | n/a |
| Thu, 02 Jan 2020 | kr4.2b | kr13.7b | -kr21,318,934.00 | n/a |
| Sun, 06 Oct 2019 | kr3.4b | kr12.3b | kr10.8m | 57.2x |
| Wed, 10 Jul 2019 | kr2.7b | kr11.3b | kr1.0m | 66.6x |
| Tue, 02 Apr 2019 | kr2.1b | kr10.1b | kr1.8m | 37x |
| Fri, 04 Jan 2019 | kr1.9b | kr9.2b | kr7.2m | 40.6x |
PE Ratio
40.6x
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 118x which is lower than its 3-year average PE of 283x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall. But revenues have grown 53% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Norwegian Software industry?
| Application Software | 0.30% | |
| Systems Software | -4.09% | |
Industry PE: Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 507x. However analysts are expecting annual earnings growth of 64%, which is lower than the prior year's growth of 2,980% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Application Software industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 74.3x.
Forecasted Growth: Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 68% over the next 5 years. This is better than its past earnings decline of 70% per year. Meanwhile, the Systems Software industry is expected to see its earnings grow by 64% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| VOLUE Volue | 5.7%+kr446.0m | 67.2% | PE571.3x | |
| LINK LINK Mobility Group Holding | 0.8%+kr44.0m | -56.9% | PS1.4x | |
| ELABS Elliptic Laboratories | 2.0%+kr41.5m | 73.8% | PS49x | |
| SIKRI Sikri Holding | 1.7%+kr37.6m | 29.4% | PE279.5x | |
| HOC House of Control Group | 4.3%+kr29.7m | -34.1% | PS4.4x |