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Danish (OMX) Market Analysis & Valuation

UpdatedOct 31, 2023
DataAggregated Company Financials
Companies169
  • 7D-0.3%
  • 3M3.4%
  • 1Y22.1%
  • YTD10.6%

Over the last 7 days, the market has dropped 1.6%, driven by a pullback of 2.5% in the Healthcare sector. Meanwhile, the Materials sector has outperformed, gaining 8.1% in that time. In the last year, the market is actually up 21%. Earnings are forecast to grow by 11% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

Has the Danish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023kr.5.2tkr.1.9tkr.302.8b12.5x17.3x2.8x
Thu, 28 Sep 2023kr.5.3tkr.1.9tkr.286.1b13x18.4x2.8x
Sat, 26 Aug 2023kr.5.4tkr.1.9tkr.284.0b12.9x18.9x2.8x
Mon, 24 Jul 2023kr.5.1tkr.1.9tkr.320.2b13.4x16.1x2.7x
Wed, 21 Jun 2023kr.5.1tkr.1.9tkr.322.9b13.7x15.8x2.6x
Fri, 19 May 2023kr.5.3tkr.1.9tkr.325.0b14.6x16.2x2.7x
Sun, 16 Apr 2023kr.5.1tkr.1.9tkr.342.8b15.1x14.9x2.7x
Tue, 14 Mar 2023kr.4.7tkr.1.9tkr.346.5b13.7x13.5x2.4x
Thu, 09 Feb 2023kr.4.8tkr.1.9tkr.357.4b13.6x13.3x2.5x
Sat, 07 Jan 2023kr.4.7tkr.1.9tkr.360.7b13.4x13x2.4x
Mon, 05 Dec 2022kr.4.6tkr.1.9tkr.363.4b13.8x12.5x2.3x
Wed, 02 Nov 2022kr.4.2tkr.1.9tkr.336.2b13.6x12.5x2.2x
Fri, 30 Sep 2022kr.4.0tkr.1.9tkr.348.4b12.1x11.4x2.1x
Sun, 28 Aug 2022kr.4.6tkr.1.9tkr.344.2b13.7x13.3x2.4x
Tue, 26 Jul 2022kr.4.6tkr.1.8tkr.303.6b12.3x15.2x2.6x
Thu, 23 Jun 2022kr.4.3tkr.1.7tkr.298.2b12.4x14.3x2.4x
Sat, 21 May 2022kr.4.5tkr.1.7tkr.298.4b13.3x15x2.6x
Mon, 18 Apr 2022kr.4.7tkr.1.6tkr.265.6b14.2x17.7x2.9x
Wed, 16 Mar 2022kr.4.5tkr.1.6tkr.263.9b13.6x16.9x2.8x
Fri, 11 Feb 2022kr.4.5tkr.1.6tkr.743.4b15.9x6.1x2.9x
Sun, 09 Jan 2022kr.4.7tkr.1.5tkr.213.5b17.5x21.9x3.2x
Tue, 07 Dec 2021kr.4.7tkr.1.5tkr.213.2b16.4x22x3.2x
Thu, 04 Nov 2021kr.5.0tkr.1.4tkr.219.6b16.8x22.6x3.5x
Sat, 02 Oct 2021kr.4.5tkr.1.4tkr.187.5b15.2x24.2x3.3x
Mon, 30 Aug 2021kr.4.9tkr.1.4tkr.185.9b16.2x26.2x3.6x
Tue, 06 Jul 2021kr.4.4tkr.1.4tkr.186.0b15.5x23.9x3.3x
Fri, 09 Apr 2021kr.4.0tkr.1.3tkr.148.6b15.8x27x3.1x
Thu, 31 Dec 2020kr.3.9tkr.1.2tkr.111.3b16.5x34.7x3.2x
Price to Earnings Ratio

31.3x


Total Market Cap: kr.3.5tTotal Earnings: kr.111.9bTotal Revenue: kr.1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Market Price to Earnings3Y Average 20.2x202120222023
Current Market PE
  • Investors are pessimistic on the Danish market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 17.0x which is lower than its 3-year average PE of 20.2x.
Past Earnings Growth
  • The earnings for Danish listed companies have grown 39% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Danish Market?

DK Market-0.31%
Materials11.16%
Energy5.10%
Utilities3.09%
Financials2.15%
Telecom0.22%
Real Estate0.17%
Healthcare-0.70%
Consumer Discretionary-0.78%
Tech-1.76%
Consumer Staples-1.90%
Industrials-2.05%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 37.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 12.9% per year.
  • The Industrials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.8x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 9.4% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
NZYM B Novozymeskr.312.7012.0%
+kr.9.3b		-21.0%PE27xMaterials
VWS Vestas Wind Systemskr.149.565.4%
+kr.7.7b		0.8%PS1.3xIndustrials
CHR Chr. Hansen Holdingkr.471.8011.4%
+kr.6.3b		12.8%PE36.6xMaterials
DANSKE Danske Bankkr.164.603.7%
+kr.5.1b		35.4%PB0.8xFinancials
ORSTED Ørstedkr.333.803.1%
+kr.4.2b		-46.3%PE12.7xUtilities
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