Heeros Oyj's (HEL:HEEROS) Share Price Not Quite Adding Up
May 11
Finnish (OMX) Application Software Industry Analysis
UpdatedMay 16, 2024
DataAggregated Company Financials
Companies9
- 7D7.5%
- 3M20.8%
- 1Y-1.7%
- YTDn/a
In the last week, the Application Software industry is up 7.5%, with Qt Group Oyj up 9.2%. Meanwhile, Tecnotree Oyj actually underperformed within the industry, shrinking 6.7% in the last week. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Finnish Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | €2.5b | €561.2m | €36.0m | 36.1x | 68.9x | 4.4x |
| Sun, 14 Apr 2024 | €2.3b | €568.0m | €38.1m | 32.9x | 59.5x | 4x |
| Tue, 12 Mar 2024 | €2.4b | €568.0m | €38.1m | 35.9x | 63.5x | 4.3x |
| Thu, 08 Feb 2024 | €2.0b | €570.1m | €42.4m | 13.3x | 46.8x | 3.5x |
| Sat, 06 Jan 2024 | €2.7b | €753.4m | €21.0m | 12x | 126.1x | 3.5x |
| Mon, 04 Dec 2023 | €2.5b | €753.4m | €21.0m | 11x | 121.1x | 3.4x |
| Wed, 01 Nov 2023 | €2.3b | €753.5m | €21.0m | 11.1x | 110.3x | 3.1x |
| Fri, 29 Sep 2023 | €2.3b | €733.5m | €19.9m | 11.8x | 113.4x | 3.1x |
| Sun, 27 Aug 2023 | €2.4b | €733.5m | €19.9m | 12.2x | 120.6x | 3.3x |
| Tue, 25 Jul 2023 | €2.8b | €710.2m | €21.1m | 12.6x | 131.4x | 3.9x |
| Thu, 22 Jun 2023 | €3.1b | €714.8m | €18.3m | 12.4x | 168.5x | 4.3x |
| Sat, 20 May 2023 | €3.2b | €714.8m | €18.3m | 13x | 174.5x | 4.5x |
| Mon, 17 Apr 2023 | €2.9b | €703.3m | €17.2m | 14.4x | 170.9x | 4.2x |
| Wed, 15 Mar 2023 | €2.7b | €703.4m | €17.3m | 13.5x | 157.5x | 3.9x |
| Fri, 10 Feb 2023 | €2.6b | €663.1m | €15.8m | 28.6x | 164.1x | 3.9x |
| Sun, 08 Jan 2023 | €2.2b | €662.4m | €16.2m | 35.4x | 137.5x | 3.4x |
| Tue, 06 Dec 2022 | €2.3b | €660.6m | €17.4m | 37.4x | 132.7x | 3.5x |
| Thu, 03 Nov 2022 | €2.1b | €660.6m | €17.4m | 34.1x | 122.2x | 3.2x |
| Sat, 01 Oct 2022 | €2.0b | €648.7m | €22.8m | 25.8x | 85.7x | 3x |
| Mon, 29 Aug 2022 | €2.4b | €647.6m | €22.8m | 35.3x | 103.7x | 3.6x |
| Wed, 27 Jul 2022 | €3.0b | €631.0m | €27.0m | 28.9x | 110x | 4.7x |
| Fri, 24 Jun 2022 | €3.0b | €626.6m | €36.0m | 19.4x | 82.2x | 4.7x |
| Sun, 22 May 2022 | €3.1b | €626.6m | €36.0m | 19.6x | 86.4x | 5x |
| Tue, 19 Apr 2022 | €4.2b | €623.3m | €36.0m | 20.7x | 117.4x | 6.8x |
| Thu, 17 Mar 2022 | €4.0b | €623.3m | €36.0m | 21.5x | 110.4x | 6.4x |
| Sat, 12 Feb 2022 | €3.7b | €587.9m | €37.2m | 50.4x | 99.2x | 6.3x |
| Mon, 10 Jan 2022 | €4.4b | €581.4m | €37.1m | 52x | 117.5x | 7.5x |
| Wed, 08 Dec 2021 | €4.5b | €581.4m | €37.1m | 59.7x | 121x | 7.7x |
| Fri, 05 Nov 2021 | €5.0b | €577.8m | €36.2m | 58.2x | 136.8x | 8.6x |
| Sun, 03 Oct 2021 | €4.9b | €576.0m | €45.4m | 60.6x | 107.6x | 8.5x |
| Tue, 31 Aug 2021 | €5.4b | €570.2m | €45.4m | 61.4x | 118.7x | 9.4x |
| Wed, 07 Jul 2021 | €3.8b | €570.2m | €45.4m | 59.8x | 84.6x | 6.7x |
Price to Earnings Ratio
109.3x
Current Industry PE
- Investors are pessimistic on the Finnish Application Software 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 68.9x which is lower than its 3-year average PE of 116x.
- The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- Both revenue and earnings for companies in the Application Software industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Comparison
How does Finnish Application Software compare with similar industries?
| FI Market | 2.20% | |
| Tech | 2.68% | |
| Software | 5.40% | |
| Application Software | 7.47% | |
| Systems Software | 1.47% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| QTCOM Qt Group Oyj | €84.70 | 10.1% +€198.1m | 3.3% | PE60.7x | |
| LEADD LeadDesk Oyj | €8.10 | 5.2% +€2.2m | -17.8% | PS1.5x | |
| VINCIT Vincit Oyj | €2.85 | 3.6% +€1.7m | -39.2% | PS0.5x | |
| SOLTEQ Solteq Oyj | €0.63 | 3.9% +€465.5k | -47.4% | PS0.2x |