We Think Terveystalo Oyj (HEL:TTALO) Can Stay On Top Of Its Debt
Oct 28
Finnish (OMX) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies183
- 7D2.0%
- 3M-9.6%
- 1Y-15.0%
- YTD-19.9%
The market has climbed 1.0% in the last 7 days, lead by the Energy sector with a gain of 11%. In contrast, the market has seen a decline of 15% over the last 12 months. Looking forward, earnings are forecast to grow by 17% annually.
Trending IndustriesSoftware
Market Valuation and Performance
Has the Finnish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €206.5b | €203.9b | €11.6b | 17.2x | 17.8x | 1x |
| Thu, 28 Sep 2023 | €216.2b | €208.3b | €12.8b | 18.5x | 16.8x | 1x |
| Sat, 26 Aug 2023 | €219.4b | €209.1b | €12.9b | 18.8x | 17.1x | 1x |
| Mon, 24 Jul 2023 | €228.2b | €210.5b | €17.1b | 18.3x | 13.4x | 1.1x |
| Wed, 21 Jun 2023 | €235.8b | €210.8b | €17.3b | 18.9x | 13.6x | 1.1x |
| Fri, 19 May 2023 | €242.9b | €211.2b | €17.3b | 18.8x | 14x | 1.2x |
| Sun, 16 Apr 2023 | €252.0b | €208.8b | €16.9b | 19.4x | 14.9x | 1.2x |
| Tue, 14 Mar 2023 | €247.5b | €208.5b | €16.9b | 19.5x | 14.7x | 1.2x |
| Thu, 09 Feb 2023 | €262.0b | €312.6b | €16.6b | 16.8x | 15.8x | 0.8x |
| Sat, 07 Jan 2023 | €257.9b | €310.1b | €14.1b | 16x | 18.3x | 0.8x |
| Mon, 05 Dec 2022 | €263.2b | €309.6b | €14.1b | 15.8x | 18.7x | 0.9x |
| Wed, 02 Nov 2022 | €230.6b | €194.9b | €15.5b | 16.4x | 14.9x | 1.2x |
| Fri, 30 Sep 2022 | €216.7b | €186.3b | €15.5b | 14.6x | 14x | 1.2x |
| Sun, 28 Aug 2022 | €244.1b | €186.1b | €15.5b | 16.7x | 15.7x | 1.3x |
| Tue, 26 Jul 2022 | €250.1b | €316.7b | €13.1b | 17.1x | 19x | 0.8x |
| Thu, 23 Jun 2022 | €247.8b | €313.6b | €13.1b | 16.9x | 18.9x | 0.8x |
| Sat, 21 May 2022 | €255.0b | €313.6b | €13.1b | 17.3x | 19.4x | 0.8x |
| Mon, 18 Apr 2022 | €267.2b | €286.0b | €16.5b | 18.8x | 16.2x | 0.9x |
| Wed, 16 Mar 2022 | €259.0b | €283.3b | €14.7b | 18.4x | 17.6x | 0.9x |
| Fri, 11 Feb 2022 | €289.6b | €250.6b | €12.9b | 22.8x | 22.4x | 1.2x |
| Sun, 09 Jan 2022 | €308.4b | €247.4b | €8.8b | 24.9x | 35x | 1.2x |
| Tue, 07 Dec 2021 | €291.2b | €247.0b | €8.8b | 22.7x | 33.1x | 1.2x |
| Thu, 04 Nov 2021 | €302.2b | €236.6b | €9.3b | 23.1x | 32.4x | 1.3x |
| Sat, 02 Oct 2021 | €292.9b | €232.9b | €8.0b | 23.4x | 36.5x | 1.3x |
| Mon, 30 Aug 2021 | €317.1b | €232.6b | €8.0b | 24.9x | 39.6x | 1.4x |
| Tue, 06 Jul 2021 | €296.5b | €232.6b | €8.0b | 23x | 37.1x | 1.3x |
| Fri, 09 Apr 2021 | €273.5b | €223.4b | €6.6b | 23.6x | 41.2x | 1.2x |
| Thu, 31 Dec 2020 | €264.8b | €199.9b | €5.0b | 24.1x | 53.2x | 1.3x |
Price to Earnings Ratio
20.3x
Current Market PE
- Investors are pessimistic on the Finnish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 17.8x which is lower than its 3-year average PE of 26.2x.
Past Earnings Growth
- The earnings for Finnish listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 3.5% 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 and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Finnish Market?
| FI Market | 2.01% | |
| Energy | 10.02% | |
| Utilities | 4.05% | |
| Materials | 4.03% | |
| Consumer Staples | 2.26% | |
| Tech | 1.56% | |
| Real Estate | 0.18% | |
| Financials | 0.043% | |
| Healthcare | -0.37% | |
| Industrials | -0.55% | |
| Telecom | -0.86% | |
| Consumer Discretionary | -2.14% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 33.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.2% which is higher than its past year's earnings decline of 33.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 81% over the next 5 years.
- This is better than its past earnings decline of 77% per year.
- In contrast, the Tech 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 | Sector | |
|---|---|---|---|---|---|---|
| NESTE Neste Oyj | €32.16 | 10.0% +€2.3b | -27.5% | PE16x | Energy | |
| KNEBV KONE Oyj | €40.02 | 4.8% +€951.7m | -3.4% | PE22.4x | Industrials | |
| UPM UPM-Kymmene Oyj | €31.96 | 5.0% +€816.0m | -5.8% | PE23.5x | Materials | |
| STERV Stora Enso Oyj | €11.20 | 5.9% +€488.9m | -15.1% | PE17.1x | Materials | |
| FORTUM Fortum Oyj | €11.06 | 4.0% +€385.8m | -22.4% | PS1.1x | Utilities |
Market Insights
This week we’re checking in on China’s economy after some better than expected data and another round of stimulus...
