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Norwegian (OSEAX) Utilities Sector Analysis

UpdatedApr 19, 2025
DataAggregated Company Financials
Companies9
  • 7D3.3%
  • 3M-8.3%
  • 1Y-2.7%
  • YTD-11.1%

Over the last 7 days, the Utilities industry has risen 3.3%, driven by gains from Scatec of 4.2%. In the same time, Energeia was down 10.0%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to decline by 19% per year.

Sector Valuation and Performance

Has the Norwegian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025NOK 21.3bNOK 17.5bNOK 1.9b10.7x11.2x1.2x
Tue, 18 Mar 2025NOK 21.5bNOK 17.4bNOK 1.9b10.7x11.3x1.2x
Thu, 13 Feb 2025NOK 21.3bNOK 19.3bNOK 1.7b10.6x12.7x1.1x
Sat, 11 Jan 2025NOK 22.2bNOK 19.3bNOK 2.2b9.6x10.1x1.1x
Mon, 09 Dec 2024NOK 22.6bNOK 19.3bNOK 2.2b10.1x10.3x1.2x
Wed, 06 Nov 2024NOK 22.3bNOK 20.1bNOK 2.2b10.6x10.3x1.1x
Fri, 04 Oct 2024NOK 20.6bNOK 19.7bNOK 271.1m30x75.9x1x
Sun, 01 Sep 2024NOK 20.9bNOK 19.7bNOK 271.4m29.5x77x1.1x
Tue, 30 Jul 2024NOK 21.8bNOK 20.9bNOK 833.5m20.6x26.2x1x
Thu, 27 Jun 2024NOK 21.6bNOK 20.9bNOK 837.5m20.5x25.7x1x
Sat, 25 May 2024NOK 19.0bNOK 20.8bNOK 936.5m16.9x20.3x0.9x
Mon, 22 Apr 2024NOK 17.4bNOK 23.1bNOK 861.4m16.9x20.2x0.8x
Wed, 20 Mar 2024NOK 17.8bNOK 23.1bNOK 899.7m17.4x19.8x0.8x
Fri, 16 Feb 2024NOK 17.9bNOK 26.9bNOK 825.2m18.3x21.7x0.7x
Sun, 14 Jan 2024NOK 19.3bNOK 26.8bNOK 23.1m31.1x833.5x0.7x
Tue, 12 Dec 2023NOK 18.6bNOK 26.8bNOK 16.5m26.4x1125x0.7x
Thu, 09 Nov 2023NOK 16.7bNOK 26.8bNOK 16.7m25.5x999.4x0.6x
Sat, 07 Oct 2023NOK 14.7bNOK 30.4bNOK 274.7m240x53.6x0.5x
Mon, 04 Sep 2023NOK 17.4bNOK 30.4bNOK 276.4m317.4x63x0.6x
Wed, 02 Aug 2023NOK 20.2bNOK 31.0b-NOK 317,783,652.0020.2x-63.5x0.7x
Fri, 30 Jun 2023NOK 17.8bNOK 30.9b-NOK 305,523,398.0021.2x-58.2x0.6x
Sun, 28 May 2023NOK 18.6bNOK 30.9b-NOK 315,038,671.0022.1x-59.2x0.6x
Tue, 25 Apr 2023NOK 17.0bNOK 29.4b-NOK 1,329,112,911.0025.4x-12.8x0.6x
Thu, 23 Mar 2023NOK 16.4bNOK 29.8b-NOK 1,393,204,208.0024.5x-11.7x0.5x
Sat, 18 Feb 2023NOK 17.8bNOK 29.8b-NOK 1,391,473,461.0024x-12.8x0.6x
Mon, 16 Jan 2023NOK 20.7bNOK 27.6b-NOK 718,041,378.0032.2x-28.8x0.8x
Wed, 14 Dec 2022NOK 22.4bNOK 27.6b-NOK 714,479,872.0037.9x-31.3x0.8x
Fri, 11 Nov 2022NOK 22.7bNOK 27.5b-NOK 699,058,851.0037.9x-32.5x0.8x
Sun, 09 Oct 2022NOK 18.9bNOK 23.5b-NOK 882,516,557.006.3x-21.4x0.8x
Tue, 06 Sep 2022NOK 24.2bNOK 23.3b-NOK 863,979,046.006.9x-28x1x
Thu, 04 Aug 2022NOK 26.4bNOK 21.6b-NOK 811,004,670.0011.9x-32.5x1.2x
Sat, 02 Jul 2022NOK 21.8bNOK 21.6b-NOK 621,982,211.0010.9x-35.1x1x
Mon, 30 May 2022NOK 23.9bNOK 21.6b-NOK 596,537,230.0013.2x-40x1.1x
Wed, 27 Apr 2022NOK 27.7bNOK 18.7bNOK 649.9m8.7x42.5x1.5x
Price to Earnings Ratio

42.5x


Total Market Cap: NOK 27.7bTotal Earnings: NOK 649.9mTotal Revenue: NOK 18.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Utilities Sector Price to Earnings3Y Average 77.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Utilities 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 11.2x which is lower than its 3-year average PE of 77.2x.
  • The 3-year average PS ratio of 0.87x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 43% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Norwegian Utilities sector?

NO Market2.69%
Utilities3.33%
Renewable Energy4.03%
Electric Utilities0.36%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 47.1x.
    • Analysts are expecting annual earnings decline of 23.2%, which is lower than the prior year's growth of 48.3% per year.
  • Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.2x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Electric Utilities industry since they expect its earnings to decline by only 0.04% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 84% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 23% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SCATC ScatecNOK 75.054.2%
+NOK 484.5m		12.5%PE9.1x
CLOUD Cloudberry Clean EnergyNOK 12.004.7%
+NOK 171.3m		33.0%PE39.7x
MGN MagnoraNOK 20.852.0%
+NOK 24.8m		-29.4%PE4.7x
ELMRA Elmera GroupNOK 34.550.3%
+NOK 10.9m		5.8%PE10.7x
NOFIN Nordic FinancialsNOK 0.031-9.7%
NOK 3.8m		-98.4%PB32.2x
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Latest News

NOFIN

NOK 0.031

Nordic Financials

7D

-9.7%

1Y

-98.4%

CLOUD

NOK 12.00

Cloudberry Clean Energy

7D

4.7%

1Y

33.0%

Shareholders May Not Be So Generous With Cloudberry Clean Energy ASA's (OB:CLOUD) CEO Compensation And Here's Why

Apr 17
Shareholders May Not Be So Generous With Cloudberry Clean Energy ASA's (OB:CLOUD) CEO Compensation And Here's Why

ELMRA

NOK 34.55

Elmera Group

7D

0.3%

1Y

5.8%

SKAND

NOK 1.33

Skandia GreenPower

7D

1.9%

1Y

111.8%

SCATC

NOK 75.05

Scatec

7D

4.2%

1Y

12.5%

ALT

NOK 0.50

Alternus Energy Group

7D

24.3%

1Y

-90.4%

EAM

NOK 0.62

EAM Solar

7D

-3.0%

1Y

-95.3%

MGN

NOK 20.85

Magnora

7D

2.0%

1Y

-29.4%

ENERG

NOK 0.045

Energeia

7D

-10.0%

1Y

-95.9%

MPCES

NOK 8.70

MPC Energy Solutions

7D

1.2%

1Y

-23.0%