Norwegian (OSEAX) Metals and Mining Industry Analysis

Industry Valuation and Performance

Has the Norwegian Metals and Mining Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 19 May 2024	kr140.0b	kr194.4b	kr3.7b	23.3x	37.7x	0.7x
Tue, 16 Apr 2024	kr150.3b	kr195.6b	kr4.0b	23.3x	37.7x	0.8x
Thu, 14 Mar 2024	kr120.7b	kr195.6b	kr4.0b	18.9x	30.3x	0.6x
Sat, 10 Feb 2024	kr122.0b	kr192.6b	kr6.9b	11.6x	17.8x	0.6x
Mon, 08 Jan 2024	kr139.5b	kr192.6b	kr6.8b	13.1x	20.5x	0.7x
Wed, 06 Dec 2023	kr130.2b	kr192.6b	kr6.8b	12.4x	19.1x	0.7x
Fri, 03 Nov 2023	kr131.5b	kr192.4b	kr6.7b	12.2x	19.5x	0.7x
Sun, 01 Oct 2023	kr140.7b	kr200.1b	kr14.0b	7.2x	10.1x	0.7x
Tue, 29 Aug 2023	kr122.4b	kr200.1b	kr14.0b	6.3x	8.7x	0.6x
Thu, 27 Jul 2023	kr131.8b	kr200.1b	kr14.1b	6.6x	9.4x	0.7x
Sat, 24 Jun 2023	kr130.5b	kr211.2b	kr20.2b	5x	6.5x	0.6x
Mon, 22 May 2023	kr145.1b	kr209.3b	kr24.6b	4.7x	5.9x	0.7x
Wed, 19 Apr 2023	kr169.8b	kr209.4b	kr24.7b	6.2x	6.9x	0.8x
Fri, 17 Mar 2023	kr149.3b	kr209.4b	kr24.7b	6x	6x	0.7x
Sun, 12 Feb 2023	kr166.8b	kr211.6b	kr31.4b	5.3x	5.3x	0.8x
Tue, 10 Jan 2023	kr157.4b	kr211.6b	kr31.4b	5x	5x	0.7x
Thu, 08 Dec 2022	kr153.5b	kr211.6b	kr31.4b	4.9x	4.9x	0.7x
Sat, 05 Nov 2022	kr145.1b	kr211.6b	kr31.6b	4x	4.6x	0.7x
Mon, 03 Oct 2022	kr123.6b	kr195.8b	kr25.8b	3.7x	4.8x	0.6x
Wed, 31 Aug 2022	kr143.5b	kr195.8b	kr25.8b	4x	5.6x	0.7x
Fri, 29 Jul 2022	kr127.6b	kr196.2b	kr25.6b	3.9x	5x	0.7x
Sun, 26 Jun 2022	kr126.2b	kr166.0b	kr16.5b	3.8x	7.7x	0.8x
Tue, 24 May 2022	kr157.2b	kr166.0b	kr16.5b	4.6x	9.5x	0.9x
Thu, 21 Apr 2022	kr186.5b	kr151.3b	kr12.7b	15x	14.7x	1.2x
Sat, 19 Mar 2022	kr175.4b	kr151.6b	kr12.8b	16.3x	13.8x	1.2x
Mon, 14 Feb 2022	kr163.6b	kr158.9b	kr10.4b	28.6x	15.8x	1x
Wed, 12 Jan 2022	kr148.3b	kr159.1b	kr10.4b	24.9x	14.3x	0.9x
Fri, 10 Dec 2021	kr133.9b	kr159.1b	kr10.4b	17.6x	12.9x	0.8x
Sun, 07 Nov 2021	kr128.8b	kr159.1b	kr10.3b	12.8x	12.5x	0.8x
Tue, 05 Oct 2021	kr142.1b	kr150.0b	kr9.2b	3.6x	15.4x	0.9x
Thu, 02 Sep 2021	kr131.5b	kr150.0b	kr9.2b	4.2x	14.3x	0.9x
Sat, 31 Jul 2021	kr125.8b	kr150.0b	kr9.2b	5x	13.6x	0.8x

Current Industry PE

Investors are optimistic on the Norwegian Metals and Mining industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 37.7x which is higher than its 3-year average PE of 12.7x.

The industry is trading close to its 3-year average PS ratio of 0.85x.

Past Earnings Growth

The earnings for companies in the Metals and Mining industry have declined 13% per year over the last three years.
Meanwhile revenues for these companies have grown 11% 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 decreased profits.

Industry Trends

Which industries have driven the changes within the Norwegian Materials industry?


NO Market	-1.02%
Materials	0.36%
Metals and Mining	0.54%
Aluminum	0.84%
Copper	0%
Gold	0%
Precious Metals and Minerals	0%
Silver	0%
Diversified Metals and Mining	-2.07%
Steel	-9.27%

Industry PE

Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 13.1x.

Analysts are expecting annual earnings growth of 37.2%, which is higher than its past year's earnings decline of 83.4% per year.

Forecasted Growth

Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 167% over the next 5 years.

In contrast, the Steel industry is expected to see its earnings growth to stay flat over the next few years.

Company	Last Price	7D	1Y	Valuation
NHY Norsk Hydro	kr67.16	0.8% +kr1.1b	-3.1%	PE41.3x
GEM Green Minerals	kr7.18	7.2% +kr6.8m	116.3%	PS16878.3x
AKOBO Akobo Minerals	kr0.98	-6.7% kr3.0m	-85.4%	PE-1.4x

Company

Last Price

Valuation

NHY Norsk Hydro

kr67.16

0.8%
+kr1.1b

-3.1%

PE41.3x

GEM Green Minerals

kr7.18

7.2%
+kr6.8m

116.3%