Estimating The Intrinsic Value Of Adevinta ASA (OB:ADE)
Nov 24
Norwegian (OSEAX) Telecom Sector Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies13
- 7D2.7%
- 3M24.5%
- 1Y42.6%
- YTD47.9%
The Telecom industry is up 2.9% in the last week, with Telenor up 5.5%. This means that the industry has gained 47% over the past year. Earnings are forecast to grow by 24% annually.
Sector Valuation and Performance
Has the Norwegian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 Dec 2023 | kr387.9b | kr146.1b | kr2.3b | 38.2x | 167.2x | 2.7x |
| Mon, 06 Nov 2023 | kr353.9b | kr145.8b | kr1.2b | 14.9x | 297.6x | 2.4x |
| Wed, 04 Oct 2023 | kr365.8b | kr144.3b | -kr17,593,757,875.00 | 25.8x | -20.8x | 2.5x |
| Fri, 01 Sep 2023 | kr320.3b | kr144.0b | -kr18,382,632,924.00 | 25.7x | -17.4x | 2.2x |
| Sun, 30 Jul 2023 | kr309.0b | kr143.3b | -kr17,897,589,840.00 | 160.8x | -17.3x | 2.2x |
| Tue, 27 Jun 2023 | kr303.0b | kr143.0b | -kr25,226,050,476.00 | 163.8x | -12x | 2.1x |
| Thu, 25 May 2023 | kr319.2b | kr143.2b | -kr25,429,085,176.00 | 158.6x | -12.6x | 2.2x |
| Sat, 22 Apr 2023 | kr331.5b | kr141.3b | -kr32,532,230,959.00 | 49.8x | -10.2x | 2.3x |
| Mon, 20 Mar 2023 | kr321.7b | kr141.0b | -kr31,962,877,312.00 | 49.3x | -10.1x | 2.3x |
| Wed, 15 Feb 2023 | kr332.9b | kr139.6b | -kr12,060,850,005.00 | 16.5x | -27.6x | 2.4x |
| Fri, 13 Jan 2023 | kr290.3b | kr151.9b | -kr34,329,554,575.00 | 17.9x | -8.5x | 1.9x |
| Sun, 11 Dec 2022 | kr275.3b | kr151.5b | -kr34,342,142,430.00 | 19.9x | -8x | 1.8x |
| Tue, 08 Nov 2022 | kr270.1b | kr150.7b | -kr33,912,243,377.00 | 18.5x | -8x | 1.8x |
| Thu, 06 Oct 2022 | kr285.6b | kr149.9b | -kr29,468,812,878.00 | 19x | -9.7x | 1.9x |
| Sat, 03 Sep 2022 | kr303.5b | kr146.6b | -kr28,442,784,789.00 | 19.5x | -10.7x | 2.1x |
| Mon, 01 Aug 2022 | kr309.9b | kr144.1b | -kr28,838,524,154.00 | 97.3x | -10.7x | 2.2x |
| Wed, 29 Jun 2022 | kr331.5b | kr143.6b | -kr20,172,839,521.00 | 49.5x | -16.4x | 2.3x |
| Fri, 27 May 2022 | kr322.5b | kr143.5b | -kr20,161,476,452.00 | 65.9x | -16x | 2.2x |
| Sun, 24 Apr 2022 | kr346.4b | kr140.6b | -kr11,468,811,148.00 | 26.8x | -30.2x | 2.5x |
| Tue, 22 Mar 2022 | kr388.5b | kr140.4b | -kr11,427,747,269.00 | 41.9x | -34x | 2.8x |
| Thu, 17 Feb 2022 | kr375.0b | kr141.0b | -kr11,827,964,093.00 | 29.9x | -31.7x | 2.7x |
| Sat, 15 Jan 2022 | kr425.5b | kr148.7b | kr15.5b | 53.8x | 27.4x | 2.9x |
| Mon, 13 Dec 2021 | kr443.2b | kr148.9b | kr14.9b | 75.9x | 29.8x | 3x |
| Wed, 10 Nov 2021 | kr499.1b | kr146.3b | kr14.6b | 84.2x | 34.1x | 3.4x |
| Fri, 08 Oct 2021 | kr511.2b | kr146.8b | kr16.6b | 80.1x | 30.8x | 3.5x |
| Sun, 05 Sep 2021 | kr560.8b | kr147.1b | kr16.6b | 77.5x | 33.9x | 3.8x |
| Tue, 03 Aug 2021 | kr560.4b | kr147.1b | kr16.6b | 82.1x | 33.8x | 3.8x |
| Fri, 07 May 2021 | kr452.1b | kr147.0b | kr17.3b | 68.9x | 26.1x | 3.1x |
| Mon, 08 Feb 2021 | kr410.3b | kr148.8b | kr14.6b | 37.7x | 28.1x | 2.8x |
Price to Earnings Ratio
29.4x
Current Industry PE
- Investors are optimistic on the Norwegian Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 176x which is higher than its 3-year average PE of 12.0x.
- The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have declined 47% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Telecom sector?
| NO Market | -0.92% | |
| Telecom | 2.65% | |
| Telecom Services and Carriers | 5.25% | |
| Media | 1.58% | |
| Interactive Media and Services | 0.45% | |
| Wireless Telecom | 0% | |
| Entertainment | -0.23% | |
Industry PE
- Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 17.1x.
- Analysts are expecting annual earnings decline of 12.4%, which is lower than the prior year's growth of 114.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 106% over the next 5 years.
- This is better than its past earnings decline of 97% per year.
- In contrast, the Media industry is expected to see its earnings decline by 79% 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 | |
|---|---|---|---|---|---|
| TEL Telenor | kr123.20 | 5.3% +kr8.5b | 32.2% | PE20.3x | |
| SCHA Schibsted | kr274.20 | 1.7% +kr1.0b | 41.5% | PE4x | |
| ADE Adevinta | kr112.00 | 0.4% +kr609.1m | 61.4% | PS6.5x |