Pexip Holding ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Aug 19
Norwegian (OSEAX) Software Industry Analysis
UpdatedAug 20, 2024
DataAggregated Company Financials
Companies13
- 7D3.9%
- 3M8.2%
- 1Y35.6%
- YTD33.7%
Over the last 7 days, the Software industry has risen 5.2%, driven by gains in Crayon Group Holding and LINK Mobility Group Holding of 6.4% and 11%, respectively. This takes the industry's 12 month performance to a gain of 37%. Looking forward, earnings are forecast to grow by 48% annually.
Industry Valuation and Performance
Has the Norwegian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 20 Aug 2024 | NOK 34.7b | NOK 18.0b | NOK 543.6m | 15.5x | 63.9x | 1.9x |
| Thu, 18 Jul 2024 | NOK 34.9b | NOK 17.7b | NOK 450.4m | 18.4x | 77.5x | 2x |
| Sat, 15 Jun 2024 | NOK 32.0b | NOK 17.6b | NOK 448.3m | 18.7x | 71.3x | 1.8x |
| Mon, 13 May 2024 | NOK 31.6b | NOK 17.2b | NOK 166.5m | 43.4x | 189.7x | 1.8x |
| Wed, 10 Apr 2024 | NOK 27.7b | NOK 17.0b | -NOK 49,578,282.46 | 22.8x | -558.1x | 1.6x |
| Fri, 08 Mar 2024 | NOK 26.5b | NOK 16.9b | -NOK 38,736,004.19 | 23.4x | -683.7x | 1.6x |
| Sun, 04 Feb 2024 | NOK 36.5b | NOK 18.5b | -NOK 733,558,082.00 | 17.6x | -49.8x | 2x |
| Tue, 02 Jan 2024 | NOK 35.7b | NOK 18.5b | -NOK 732,470,215.00 | 15.7x | -48.8x | 1.9x |
| Thu, 30 Nov 2023 | NOK 33.9b | NOK 18.5b | -NOK 745,891,397.00 | 15.5x | -45.4x | 1.8x |
| Sat, 28 Oct 2023 | NOK 30.4b | NOK 17.9b | -NOK 756,088,741.00 | 14.6x | -40.2x | 1.7x |
| Mon, 25 Sep 2023 | NOK 32.1b | NOK 17.9b | -NOK 752,172,205.00 | 13.5x | -42.7x | 1.8x |
| Wed, 23 Aug 2023 | NOK 34.7b | NOK 17.5b | -NOK 838,818,775.00 | 13x | -41.4x | 2x |
| Fri, 21 Jul 2023 | NOK 34.8b | NOK 16.9b | -NOK 978,849,419.00 | 9.5x | -35.6x | 2.1x |
| Sun, 18 Jun 2023 | NOK 35.4b | NOK 16.9b | -NOK 1,061,049,256.00 | 10.2x | -33.3x | 2.1x |
| Tue, 16 May 2023 | NOK 32.6b | NOK 16.5b | -NOK 803,976,761.00 | 31x | -40.5x | 2x |
| Thu, 13 Apr 2023 | NOK 31.4b | NOK 16.1b | -NOK 1,435,360,118.00 | 51.5x | -21.9x | 2x |
| Sat, 11 Mar 2023 | NOK 32.0b | NOK 16.1b | -NOK 1,442,973,805.00 | 42.7x | -22.2x | 2x |
| Mon, 06 Feb 2023 | NOK 35.9b | NOK 38.1b | -NOK 728,397,436.00 | 34.3x | -49.3x | 0.9x |
| Wed, 04 Jan 2023 | NOK 35.1b | NOK 38.1b | -NOK 722,993,771.00 | 36.3x | -48.6x | 0.9x |
| Fri, 02 Dec 2022 | NOK 34.8b | NOK 38.0b | -NOK 695,338,950.00 | 31.9x | -50x | 0.9x |
| Sun, 30 Oct 2022 | NOK 31.2b | NOK 37.8b | -NOK 866,516,637.00 | 35.6x | -36.1x | 0.8x |
| Tue, 27 Sep 2022 | NOK 31.0b | NOK 37.0b | -NOK 956,228,568.00 | 37.9x | -32.4x | 0.8x |
| Thu, 25 Aug 2022 | NOK 34.7b | NOK 36.9b | -NOK 925,174,402.00 | 77x | -37.5x | 0.9x |
| Sat, 23 Jul 2022 | NOK 39.3b | NOK 36.3b | -NOK 1,023,292,240.00 | 58.4x | -38.4x | 1.1x |
| Mon, 20 Jun 2022 | NOK 35.9b | NOK 36.3b | -NOK 509,649,685.00 | 55.9x | -70.4x | 1x |
| Wed, 18 May 2022 | NOK 33.5b | NOK 35.8b | -NOK 583,421,103.00 | 63.8x | -57.5x | 0.9x |
| Fri, 15 Apr 2022 | NOK 38.5b | NOK 35.5b | -NOK 342,353,787.00 | 74.4x | -112.4x | 1.1x |
| Sun, 13 Mar 2022 | NOK 42.6b | NOK 35.6b | -NOK 342,374,651.00 | 68x | -124.4x | 1.2x |
| Tue, 08 Feb 2022 | NOK 46.7b | NOK 32.9b | -NOK 607,713,537.00 | 103x | -76.8x | 1.4x |
| Thu, 06 Jan 2022 | NOK 53.0b | NOK 32.8b | -NOK 614,249,985.00 | 123.1x | -86.2x | 1.6x |
| Sat, 04 Dec 2021 | NOK 50.2b | NOK 32.6b | -NOK 568,091,985.00 | 118.5x | -88.3x | 1.5x |
| Mon, 01 Nov 2021 | NOK 55.2b | NOK 32.0b | -NOK 501,845,985.00 | 139.7x | -110x | 1.7x |
| Wed, 29 Sep 2021 | NOK 59.5b | NOK 30.4b | -NOK 619,787,795.00 | 186.1x | -96x | 2x |
| Fri, 27 Aug 2021 | NOK 59.1b | NOK 28.5b | -NOK 417,443,794.00 | 133.6x | -141.7x | 2.1x |
Price to Earnings Ratio
-141.7x
Current Industry PE
- Investors are optimistic on the Norwegian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 64.3x which is higher than its 3-year average PE of -69.3x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- Total earnings for the Software industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 14% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Norwegian Tech industry?
| NO Market | 0.46% | |
| Tech | 2.07% | |
| Software | 3.88% | |
| Systems Software | 4.97% | |
| Application Software | 3.41% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 1.9x.
- Analysts are expecting annual earnings growth of 40.0%, which is higher than its past year's earnings decline of 19.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 65% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 40% 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 | |
|---|---|---|---|---|---|
| CRAYN Crayon Group Holding | NOK 120.50 | 5.0% +NOK 503.3m | 15.8% | PS1.6x | |
| PEXIP Pexip Holding | NOK 33.55 | 13.5% +NOK 406.3m | 62.9% | PS3.2x | |
| LINK LINK Mobility Group Holding | NOK 21.15 | 5.8% +NOK 319.5m | 52.8% | PE15.5x | |
| RIVER River Tech | NOK 30.40 | 27.7% +NOK 135.6m | -10.6% | PE6.3x | |
| ELABS Elliptic Laboratories | NOK 11.44 | 8.5% +NOK 94.7m | -22.9% | PS13.8x |