Earnings Beat: Pexip Holding ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 09
Norwegian (OSEAX) Software Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies13
- 7D2.4%
- 3M17.0%
- 1Y34.0%
- YTD22.9%
In the last week, the Software industry is up 1.3%, with Volue up 9.3%. During this same period, the Pexip Holding underperformed, falling 5.5%. This takes the industry's 12 month performance to a gain of 33%. As for the next few years, earnings are expected to grow by 43% per annum.
Industry Valuation and Performance
Has the Norwegian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | kr32.0b | kr17.6b | kr438.6m | 19.6x | 73x | 1.8x |
| Mon, 15 Apr 2024 | kr27.2b | kr17.0b | -kr56,445,587.21 | 23.7x | -482x | 1.6x |
| Wed, 13 Mar 2024 | kr27.0b | kr16.9b | -kr37,888,496.66 | 23.4x | -711.3x | 1.6x |
| Fri, 09 Feb 2024 | kr27.0b | kr16.5b | kr29.4m | 25.6x | 919.4x | 1.6x |
| Sun, 07 Jan 2024 | kr34.9b | kr18.5b | -kr734,209,121.00 | 15.5x | -47.5x | 1.9x |
| Tue, 05 Dec 2023 | kr33.9b | kr18.5b | -kr753,446,331.00 | 15.5x | -45x | 1.8x |
| Thu, 02 Nov 2023 | kr30.4b | kr17.9b | -kr756,677,567.00 | 14.9x | -40.1x | 1.7x |
| Sat, 30 Sep 2023 | kr31.5b | kr17.9b | -kr751,946,202.00 | 14.9x | -41.9x | 1.8x |
| Mon, 28 Aug 2023 | kr32.4b | kr17.9b | -kr753,239,036.00 | 13x | -43x | 1.8x |
| Wed, 26 Jul 2023 | kr35.8b | kr16.9b | -kr979,241,251.00 | 9.1x | -36.6x | 2.1x |
| Fri, 23 Jun 2023 | kr34.7b | kr16.9b | -kr996,685,864.00 | 10x | -34.8x | 2.1x |
| Sun, 21 May 2023 | kr33.0b | kr16.5b | -kr933,768,540.00 | 26.8x | -35.3x | 2x |
| Tue, 18 Apr 2023 | kr31.3b | kr16.1b | -kr1,437,772,416.00 | 47.6x | -21.7x | 1.9x |
| Thu, 16 Mar 2023 | kr30.5b | kr16.1b | -kr1,451,620,520.00 | 42.6x | -21x | 1.9x |
| Sat, 11 Feb 2023 | kr35.0b | kr38.1b | -kr726,015,315.00 | 33.5x | -48.2x | 0.9x |
| Mon, 09 Jan 2023 | kr34.3b | kr38.1b | -kr719,682,664.00 | 34.2x | -47.7x | 0.9x |
| Wed, 07 Dec 2022 | kr34.3b | kr38.0b | -kr705,580,276.00 | 30.5x | -48.6x | 0.9x |
| Fri, 04 Nov 2022 | kr32.1b | kr37.8b | -kr861,914,187.00 | 37.3x | -37.3x | 0.9x |
| Sun, 02 Oct 2022 | kr31.3b | kr37.0b | -kr959,839,225.00 | 36.9x | -32.6x | 0.8x |
| Tue, 30 Aug 2022 | kr33.5b | kr36.9b | -kr905,665,279.00 | 50.6x | -37x | 0.9x |
| Thu, 28 Jul 2022 | kr39.7b | kr36.3b | -kr1,014,653,524.00 | 59x | -39.1x | 1.1x |
| Sat, 25 Jun 2022 | kr35.8b | kr36.3b | -kr508,542,548.00 | 57.9x | -70.5x | 1x |
| Mon, 23 May 2022 | kr34.0b | kr36.1b | -kr524,880,089.00 | 66.6x | -64.9x | 0.9x |
| Wed, 20 Apr 2022 | kr38.3b | kr35.5b | -kr342,345,986.00 | 69.8x | -111.9x | 1.1x |
| Fri, 18 Mar 2022 | kr45.3b | kr35.6b | -kr355,311,474.00 | 73.1x | -127.4x | 1.3x |
| Sun, 13 Feb 2022 | kr46.6b | kr33.3b | -kr478,264,537.00 | 101.9x | -97.4x | 1.4x |
| Tue, 11 Jan 2022 | kr48.4b | kr32.8b | -kr614,249,985.00 | 117.5x | -78.8x | 1.5x |
| Thu, 09 Dec 2021 | kr52.2b | kr32.6b | -kr568,091,985.00 | 124.8x | -91.9x | 1.6x |
| Sat, 06 Nov 2021 | kr54.1b | kr32.3b | -kr511,614,985.00 | 142.4x | -105.7x | 1.7x |
| Mon, 04 Oct 2021 | kr59.4b | kr30.5b | -kr377,619,794.00 | 159.1x | -157.3x | 1.9x |
| Wed, 01 Sep 2021 | kr60.5b | kr28.5b | -kr417,443,794.00 | 133.8x | -144.9x | 2.1x |
| Thu, 08 Jul 2021 | kr54.9b | kr28.5b | -kr417,443,794.00 | 136.4x | -131.4x | 1.9x |
Price to Earnings Ratio
-418.3x
Current Industry PE
- Investors are optimistic on the Norwegian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 72.0x which is higher than its 3-year average PE of -94.7x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Software industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 14% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Norwegian Tech industry?
| NO Market | 0.39% | |
| Tech | 1.35% | |
| Software | 2.39% | |
| Systems Software | 5.15% | |
| Application Software | 1.26% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings growth of 24.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 66% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 33% 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 | |
|---|---|---|---|---|---|
| CRAYN Crayon Group Holding | kr108.20 | 4.7% +kr432.6m | 22.1% | PS1.4x | |
| VOLUE Volue | kr31.35 | 2.0% +kr86.3m | 68.9% | PE132.1x | |
| ELABS Elliptic Laboratories | kr16.32 | 3.9% +kr65.0m | 41.2% | PS25x | |
| LINK LINK Mobility Group Holding | kr20.95 | 0.5% +kr13.8m | 76.1% | PE19.6x |