HAV Group ASA's (OB:HAV) Shares Lagging The Industry But So Is The Business
May 12
Norwegian (OSEAX) Machinery Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies17
- 7D2.0%
- 3M1.4%
- 1Y-23.2%
- YTD-4.5%
Over the last 7 days, the Machinery industry has risen 2.0%, driven by gains from AutoStore Holdings of 3.0%. Meanwhile, Cambi actually underperformed within the industry, shrinking 6.2% in the last week. In the past year, the industry is down 23%. As for the next few years, earnings are expected to grow by 53% per annum.
Industry Valuation and Performance
Has the Norwegian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr115.8b | kr44.6b | -kr2,039,072,969.06 | 15.8x | -56.8x | 2.6x |
| Tue, 16 Apr 2024 | kr121.4b | kr44.5b | -kr1,920,925,055.72 | 13.7x | -63.2x | 2.7x |
| Thu, 14 Mar 2024 | kr130.9b | kr44.0b | -kr1,864,224,703.00 | 13.9x | -70.2x | 3x |
| Sat, 10 Feb 2024 | kr112.5b | kr43.4b | -kr1,280,933,106.47 | 24.9x | -87.8x | 2.6x |
| Mon, 08 Jan 2024 | kr111.2b | kr43.2b | -kr1,256,222,632.00 | 26.3x | -88.5x | 2.6x |
| Wed, 06 Dec 2023 | kr111.6b | kr43.8b | -kr1,320,778,422.00 | 25.3x | -84.5x | 2.5x |
| Fri, 03 Nov 2023 | kr93.5b | kr43.6b | -kr1,622,357,690.00 | 19x | -57.6x | 2.1x |
| Sun, 01 Oct 2023 | kr109.0b | kr42.3b | -kr1,471,541,239.00 | 26.6x | -74x | 2.6x |
| Tue, 29 Aug 2023 | kr127.4b | kr42.0b | -kr1,564,100,423.00 | 29.9x | -81.4x | 3x |
| Thu, 27 Jul 2023 | kr154.3b | kr40.4b | kr178.2m | 48.2x | 865.9x | 3.8x |
| Sat, 24 Jun 2023 | kr157.5b | kr40.2b | kr327.1m | 50.7x | 481.7x | 3.9x |
| Mon, 22 May 2023 | kr149.8b | kr40.0b | kr536.8m | 37.3x | 279.1x | 3.7x |
| Wed, 19 Apr 2023 | kr100.0b | kr25.3b | -kr69,224,921.00 | 67.4x | -1444.5x | 4x |
| Fri, 17 Mar 2023 | kr97.1b | kr25.6b | -kr68,264,106.00 | 66x | -1422.8x | 3.8x |
| Sun, 12 Feb 2023 | kr99.1b | kr23.5b | -kr114,918,694.00 | 18x | -862.6x | 4.2x |
| Tue, 10 Jan 2023 | kr108.3b | kr23.2b | -kr136,321,562.00 | 18.3x | -794.7x | 4.7x |
| Thu, 08 Dec 2022 | kr82.5b | kr23.4b | -kr122,573,290.00 | 19.1x | -672.8x | 3.5x |
| Sat, 05 Nov 2022 | kr89.4b | kr22.8b | -kr354,299,517.00 | 17x | -252.3x | 3.9x |
| Mon, 03 Oct 2022 | kr59.3b | kr22.7b | -kr337,575,997.00 | 17.6x | -175.7x | 2.6x |
| Wed, 31 Aug 2022 | kr65.8b | kr22.6b | -kr236,873,713.00 | 8.1x | -277.6x | 2.9x |
| Fri, 29 Jul 2022 | kr74.0b | kr20.6b | -kr545,379,923.00 | 7.9x | -135.7x | 3.6x |
| Sun, 26 Jun 2022 | kr80.1b | kr20.8b | -kr502,754,908.00 | 20.7x | -159.2x | 3.8x |
| Tue, 24 May 2022 | kr94.2b | kr20.8b | -kr457,898,481.00 | 40.2x | -205.7x | 4.5x |
| Thu, 21 Apr 2022 | kr116.3b | kr18.6b | -kr862,197,375.00 | 13.3x | -134.9x | 6.3x |
| Sat, 19 Mar 2022 | kr142.6b | kr18.2b | -kr880,731,414.00 | 7.9x | -161.9x | 7.8x |
| Mon, 14 Feb 2022 | kr109.7b | kr16.0b | -kr1,165,810,661.00 | 9.1x | -94.1x | 6.9x |
| Wed, 12 Jan 2022 | kr142.7b | kr15.9b | -kr1,163,786,534.00 | 9.7x | -122.6x | 9x |
| Fri, 10 Dec 2021 | kr159.4b | kr16.0b | -kr1,170,227,221.00 | 8.1x | -136.2x | 10x |
| Sun, 07 Nov 2021 | kr162.6b | kr13.0b | -kr903,371,337.00 | 8.7x | -180x | 12.5x |
| Tue, 05 Oct 2021 | kr22.4b | kr12.6b | -kr920,816,397.00 | 8.5x | -24.3x | 1.8x |
| Thu, 02 Sep 2021 | kr25.2b | kr11.8b | -kr1,020,409,762.72 | 38.6x | -24.7x | 2.1x |
| Sat, 31 Jul 2021 | kr24.6b | kr11.8b | -kr1,020,409,762.72 | 43.4x | -24.1x | 2.1x |
Price to Earnings Ratio
-28.4x
Current Industry PE
- Investors are pessimistic on the Norwegian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 59% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Norwegian Industrials industry?
| NO Market | -1.02% | |
| Industrials | 0.70% | |
| Machinery | 2.04% | |
| Construction Machinery and Vehicles | 3.07% | |
| Industrial Machinery | 2.06% | |
| Agricultural Machinery | -1.52% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 77% over the next 5 years.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 52% 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 | |
|---|---|---|---|---|---|
| AUTO AutoStore Holdings | kr16.28 | 3.0% +kr1.6b | -27.5% | PS8.1x | |
| TOM Tomra Systems | kr143.90 | 1.8% +kr738.8m | -16.6% | PE72.3x | |
| ENDUR Endúr | kr50.80 | 7.4% +kr134.9m | 25.1% | PE116.4x | |
| EQVA Eqva | kr4.48 | 28.7% +kr71.6m | 42.2% | PE17.7x | |
| HYPRO HydrogenPro | kr10.22 | 5.4% +kr33.0m | -66.0% | PS1.3x |
