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May 14
Norwegian (OSEAX) Industrials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies70
- 7D0.7%
- 3M11.8%
- 1Y11.6%
- YTD21.0%
Over the last 7 days, the Industrials industry has remained flat, although notably Kongsberg Gruppen gained 3.8%. As for the the longer term, the industry is up 12% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.
Sector Valuation and Performance
Has the Norwegian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr623.7b | kr420.4b | kr35.2b | 11.9x | 17.7x | 1.5x |
| Tue, 16 Apr 2024 | kr589.3b | kr420.3b | kr34.6b | 13.2x | 17x | 1.4x |
| Thu, 14 Mar 2024 | kr564.1b | kr409.6b | kr23.4b | 12.6x | 24.1x | 1.4x |
| Sat, 10 Feb 2024 | kr549.7b | kr408.4b | kr23.5b | 10.5x | 23.4x | 1.3x |
| Mon, 08 Jan 2024 | kr547.8b | kr429.8b | kr22.2b | 11.4x | 24.7x | 1.3x |
| Wed, 06 Dec 2023 | kr517.8b | kr431.7b | kr27.0b | 10.4x | 19.2x | 1.2x |
| Fri, 03 Nov 2023 | kr498.1b | kr434.8b | kr24.4b | 10.7x | 20.4x | 1.1x |
| Sun, 01 Oct 2023 | kr502.9b | kr422.0b | kr21.3b | 11.6x | 23.6x | 1.2x |
| Tue, 29 Aug 2023 | kr525.3b | kr421.0b | kr21.6b | 12.6x | 24.4x | 1.2x |
| Thu, 27 Jul 2023 | kr551.8b | kr408.2b | kr16.8b | 15.2x | 32.8x | 1.4x |
| Sat, 24 Jun 2023 | kr566.8b | kr428.4b | kr39.8b | 15.9x | 14.3x | 1.3x |
| Mon, 22 May 2023 | kr566.0b | kr423.3b | kr40.5b | 14.2x | 14x | 1.3x |
| Wed, 19 Apr 2023 | kr570.3b | kr410.4b | kr40.2b | 14.2x | 14.2x | 1.4x |
| Fri, 17 Mar 2023 | kr548.0b | kr414.2b | kr45.8b | 12.8x | 12x | 1.3x |
| Sun, 12 Feb 2023 | kr568.9b | kr392.1b | kr46.8b | 12.1x | 12.2x | 1.5x |
| Tue, 10 Jan 2023 | kr569.7b | kr386.1b | kr45.8b | 10x | 12.4x | 1.5x |
| Thu, 08 Dec 2022 | kr538.7b | kr381.1b | kr44.7b | 11.9x | 12.1x | 1.4x |
| Sat, 05 Nov 2022 | kr537.0b | kr380.7b | kr45.7b | 9.1x | 11.7x | 1.4x |
| Mon, 03 Oct 2022 | kr464.4b | kr378.1b | kr40.3b | 12.1x | 11.5x | 1.2x |
| Wed, 31 Aug 2022 | kr527.4b | kr360.9b | kr39.6b | 12.9x | 13.3x | 1.5x |
| Fri, 29 Jul 2022 | kr532.0b | kr326.4b | kr23.7b | 12x | 22.4x | 1.6x |
| Sun, 26 Jun 2022 | kr507.9b | kr323.4b | kr23.3b | 12.1x | 21.8x | 1.6x |
| Tue, 24 May 2022 | kr556.8b | kr317.1b | kr23.0b | 12.9x | 24.3x | 1.8x |
| Thu, 21 Apr 2022 | kr617.2b | kr291.9b | kr16.0b | 16.9x | 38.7x | 2.1x |
| Sat, 19 Mar 2022 | kr611.2b | kr288.9b | kr16.2b | 15.4x | 37.7x | 2.1x |
| Mon, 14 Feb 2022 | kr565.1b | kr263.5b | -kr2,355,193,853.00 | 18.8x | -239.9x | 2.1x |
| Wed, 12 Jan 2022 | kr563.5b | kr256.9b | -kr1,067,708,695.00 | 17.1x | -527.8x | 2.2x |
| Fri, 10 Dec 2021 | kr580.5b | kr251.7b | -kr700,378,192.00 | 16.4x | -828.8x | 2.3x |
| Sun, 07 Nov 2021 | kr583.1b | kr240.5b | -kr3,176,020,967.00 | 16.8x | -183.6x | 2.4x |
| Tue, 05 Oct 2021 | kr393.2b | kr236.9b | -kr5,250,588,386.00 | 17.3x | -74.9x | 1.7x |
| Thu, 02 Sep 2021 | kr392.9b | kr230.2b | -kr5,177,726,150.67 | 18.4x | -75.9x | 1.7x |
| Sat, 31 Jul 2021 | kr377.3b | kr230.2b | -kr5,177,726,150.67 | 15.6x | -72.9x | 1.6x |
Price to Earnings Ratio
-30.8x
Current Industry PE
- Investors are pessimistic on the Norwegian Industrials 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 17.5x which is higher than its 3-year average PE of -34.7x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- Total earnings for the Industrials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 24% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Industrials sector?
| NO Market | -1.02% | |
| Industrials | 0.70% | |
| Electrical | 4.43% | |
| Aerospace & Defense | 3.81% | |
| Commercial Services | 2.92% | |
| Machinery | 2.04% | |
| Professional Services | 0.99% | |
| Logistics | 0.98% | |
| Airlines | 0.67% | |
| Building | 0.27% | |
| Trade Distributors | 0% | |
| Transportation | 0% | |
| Construction | -0.17% | |
| Industrials | -0.51% | |
| Marine and Shipping | -2.35% | |
| Infrastructure | -9.23% | |
Industry PE
- Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 32.6x.
- Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 30.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 67% over the next 5 years.
- In contrast, the Marine and Shipping industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| KOG Kongsberg Gruppen | kr863.50 | 3.8% +kr5.6b | 80.2% | PE37.1x | |
| AUTO AutoStore Holdings | kr16.28 | 3.0% +kr1.6b | -27.5% | PS8.1x | |
| CADLR Cadeler | kr55.50 | 4.5% +kr842.2m | 17.1% | PE145.9x | |
| TOM Tomra Systems | kr143.90 | 1.8% +kr738.8m | -16.6% | PE72.3x | |
| MPCC MPC Container Ships | kr20.11 | 6.1% +kr514.7m | 13.2% | PE2.6x |
