Is Nokia Oyj (HEL:NOKIA) A Risky Investment?
May 11
Finnish (OMX) Tech Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies32
- 7D3.8%
- 3M7.3%
- 1Y-8.7%
- YTD11.6%
The Tech industry is up 3.8% in the last week, with Nokia Oyj up 3.3%. In contrast, the industry has lost 8.7% in the last 12 months. Looking forward, earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Finnish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €29.3b | €27.8b | €1.1b | 22x | 25.7x | 1.1x |
| Tue, 16 Apr 2024 | €26.3b | €29.0b | €1.0b | 19.7x | 26.1x | 0.9x |
| Thu, 14 Mar 2024 | €27.6b | €29.0b | €1.0b | 17.7x | 27.4x | 1x |
| Sat, 10 Feb 2024 | €27.4b | €29.1b | €1.0b | 21x | 26.4x | 0.9x |
| Mon, 08 Jan 2024 | €27.2b | €31.1b | €4.2b | 16.9x | 6.5x | 0.9x |
| Wed, 06 Dec 2023 | €24.6b | €31.1b | €4.2b | 16.2x | 5.8x | 0.8x |
| Fri, 03 Nov 2023 | €26.3b | €31.1b | €4.2b | 15.3x | 6.2x | 0.8x |
| Sun, 01 Oct 2023 | €28.7b | €32.3b | €4.5b | 17.7x | 6.4x | 0.9x |
| Tue, 29 Aug 2023 | €29.3b | €32.3b | €4.5b | 19.4x | 6.5x | 0.9x |
| Thu, 27 Jul 2023 | €30.4b | €32.2b | €4.5b | 23.1x | 6.7x | 0.9x |
| Sat, 24 Jun 2023 | €31.9b | €32.4b | €4.7b | 24.7x | 6.8x | 1x |
| Mon, 22 May 2023 | €33.0b | €32.4b | €4.7b | 26.2x | 7x | 1x |
| Wed, 19 Apr 2023 | €36.1b | €31.8b | €4.5b | 28.1x | 7.9x | 1.1x |
| Fri, 17 Mar 2023 | €35.4b | €31.7b | €4.6b | 27.3x | 7.8x | 1.1x |
| Sun, 12 Feb 2023 | €35.6b | €31.7b | €4.5b | 28.2x | 7.8x | 1.1x |
| Tue, 10 Jan 2023 | €36.5b | €30.7b | €2.1b | 27.1x | 17.3x | 1.2x |
| Thu, 08 Dec 2022 | €36.3b | €30.7b | €2.1b | 28.5x | 17.2x | 1.2x |
| Sat, 05 Nov 2022 | €34.5b | €30.6b | €2.1b | 26.8x | 16.4x | 1.1x |
| Mon, 03 Oct 2022 | €34.2b | €29.6b | €2.1b | 25.8x | 16.6x | 1.2x |
| Wed, 31 Aug 2022 | €37.5b | €29.6b | €2.1b | 33x | 18.2x | 1.3x |
| Fri, 29 Jul 2022 | €40.1b | €29.5b | €2.1b | 25.7x | 19.4x | 1.4x |
| Sun, 26 Jun 2022 | €35.8b | €28.7b | €2.0b | 23.1x | 17.8x | 1.3x |
| Tue, 24 May 2022 | €37.5b | €28.7b | €2.0b | 23.7x | 18.6x | 1.3x |
| Thu, 21 Apr 2022 | €40.7b | €28.3b | €2.1b | 22.8x | 19.2x | 1.4x |
| Sat, 19 Mar 2022 | €40.0b | €28.3b | €2.1b | 27.8x | 18.9x | 1.4x |
| Mon, 14 Feb 2022 | €40.8b | €28.1b | €2.1b | 42.1x | 19.7x | 1.5x |
| Wed, 12 Jan 2022 | €44.1b | €28.2b | -€1,314,443,756.00 | 45.9x | -33.5x | 1.6x |
| Fri, 10 Dec 2021 | €44.2b | €28.1b | -€1,310,271,756.00 | 46.1x | -33.7x | 1.6x |
| Sun, 07 Nov 2021 | €42.1b | €28.1b | -€1,315,583,020.00 | 44.8x | -32x | 1.5x |
| Tue, 05 Oct 2021 | €40.0b | €27.9b | -€1,467,744,020.00 | 41x | -27.2x | 1.4x |
| Thu, 02 Sep 2021 | €43.5b | €27.9b | -€1,466,235,389.00 | 43x | -29.7x | 1.6x |
| Sat, 31 Jul 2021 | €42.0b | €27.9b | -€1,466,235,389.00 | 37.2x | -28.6x | 1.5x |
Price to Earnings Ratio
-19.1x
Current Industry PE
- Investors are optimistic on the Finnish Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.7x which is higher than its 3-year average PE of 4.4x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Finnish Tech sector?
| FI Market | 1.18% | |
| Tech | 3.79% | |
| Software | 7.01% | |
| IT | 4.02% | |
| Communications | 3.37% | |
| Electronic Equipment and Components | 2.25% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
Industry PE
- Investors are most optimistic about the Software industry, which is trading close to its 3-year average PE ratio of 129x.
- Analysts are expecting annual earnings growth of 30.5%, which is higher than its past year's earnings decline of 4.0% per year.
- Investors are most pessimistic about the IT industry, which is trading close to its 3-year average of 16.1x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 4.0% per year.
- In contrast, the IT industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| NOKIA Nokia Oyj | €3.60 | 3.3% +€636.7m | -5.7% | PE24.4x | |
| QTCOM Qt Group Oyj | €84.50 | 10.9% +€210.7m | -0.3% | PE60.5x | |
| TIETO TietoEVRY Oyj | €19.59 | 5.2% +€119.0m | -26.4% | PE14.3x | |
| SCANFL Scanfil Oyj | €7.90 | 4.9% +€24.1m | -18.8% | PE11.1x | |
| VAIAS Vaisala Oyj | €39.10 | 1.6% +€21.8m | -10.2% | PE31.9x |
