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Danish (OMX) IT Industry Analysis

UpdatedOct 29, 2023
DataAggregated Company Financials
Companies7
  • 7D-3.4%
  • 3M-26.7%
  • 1Y-16.6%
  • YTD-24.7%

Over the last 7 days, the IT industry has dropped 3.4%, driven by a pullback from Netcompany Group of 4.2%. Meanwhile, Wirtek actually outperformed within the industry, gaining 12% in the last week. The industry has fallen 17% in the last year. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

Has the Danish IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Oct 2023kr.14.1bkr.8.9bkr.629.8m24.4x22.4x1.6x
Tue, 26 Sep 2023kr.17.1bkr.9.0bkr.630.8m28.1x27.1x1.9x
Thu, 24 Aug 2023kr.16.1bkr.8.9bkr.635.8m24.4x25.3x1.8x
Sat, 22 Jul 2023kr.19.1bkr.8.7bkr.691.4m26.5x27.6x2.2x
Mon, 19 Jun 2023kr.18.5bkr.8.7bkr.691.5m26.7x26.8x2.1x
Wed, 17 May 2023kr.17.4bkr.8.7bkr.691.4m25.8x25.1x2x
Fri, 14 Apr 2023kr.16.4bkr.8.4bkr.735.3m24x22.3x1.9x
Sun, 12 Mar 2023kr.16.1bkr.8.6bkr.757.4m18x21.2x1.9x
Tue, 07 Feb 2023kr.17.9bkr.8.5bkr.886.7m19x20.2x2.1x
Thu, 05 Jan 2023kr.18.5bkr.8.2bkr.827.5m16.6x22.3x2.3x
Sat, 03 Dec 2022kr.21.3bkr.8.2bkr.828.7m17.2x25.8x2.6x
Mon, 31 Oct 2022kr.4.1bkr.2.9bkr.258.5m19x15.8x1.4x
Wed, 28 Sep 2022kr.3.9bkr.2.9bkr.256.1m19x15.2x1.3x
Fri, 26 Aug 2022kr.5.1bkr.2.9bkr.258.3m21.4x19.6x1.7x
Sun, 24 Jul 2022kr.5.2bkr.2.8bkr.269.3m21.8x19.5x1.8x
Tue, 21 Jun 2022kr.5.3bkr.2.8bkr.264.3m24.2x19.9x1.9x
Thu, 19 May 2022kr.5.7bkr.2.8bkr.247.3m23.4x22.9x2x
Sat, 16 Apr 2022kr.5.8bkr.2.7bkr.264.4m20.2x21.9x2.1x
Mon, 14 Mar 2022kr.5.5bkr.2.9bkr.385.4m19.4x14.2x1.9x
Wed, 09 Feb 2022kr.5.9bkr.2.9bkr.386.7m20.4x15.4x2.1x
Fri, 07 Jan 2022kr.7.2bkr.2.9bkr.386.1m20.3x18.7x2.5x
Sun, 05 Dec 2021kr.7.2bkr.2.9bkr.387.1m19.6x18.6x2.5x
Tue, 02 Nov 2021kr.6.9bkr.2.7bkr.403.2m15.5x17.1x2.5x
Thu, 30 Sep 2021kr.5.8bkr.2.7bkr.403.1m15.3x14.4x2.1x
Sat, 28 Aug 2021kr.5.6bkr.2.7bkr.399.5m16.4x14.1x2x
Sun, 04 Jul 2021kr.5.4bkr.2.7bkr.399.5m17.3x13.5x2x
Wed, 07 Apr 2021kr.2.4bkr.1.7bkr.67.9m25.8x36x1.5x
Sat, 09 Jan 2021kr.1.6bkr.1.7bkr.45.3m21.9x35.4x0.9x
Price to Earnings Ratio

-20.3x


Total Market Cap: kr.1.3bTotal Earnings: -kr.61,907,941.00Total Revenue: kr.1.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Danish IT Industry Price to Earnings3Y Average 20.1x202120222023
Current Industry PE
  • Investors are optimistic on the Danish IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.4x which is higher than its 3-year average PE of 20.1x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • Total earnings for the IT industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 74% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Danish Tech industry?

DK Market-1.65%
Tech-2.25%
IT-3.36%
Internet Services and Infrastructure39.51%
Data Processing Services0%
IT Consulting-3.42%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 17.8x.
    • Analysts are expecting annual earnings growth of 22.9%, which is higher than its past year's earnings decline of 12.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 23% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
WIRTEK Wirtekkr.9.8012.4%
+kr.8.3m		-36.6%PE18x
SLXIT Seluxitkr.2.1456.2%
+kr.7.4m		-42.0%PS2.8x
CONFRZ Conferizekr.0.0323.2%
+kr.196.0k		-45.0%PS29.8x
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Latest News

WIRTEK

kr.9.80

Wirtek

7D

12.4%

1Y

-36.6%

NETC

kr.223.10

Netcompany Group

7D

-4.2%

1Y

-13.7%

Returns At Netcompany Group (CPH:NETC) Appear To Be Weighed Down

Oct 23
Returns At Netcompany Group (CPH:NETC) Appear To Be Weighed Down

SLXIT

kr.2.14

Seluxit

7D

56.2%

1Y

-42.0%

COLUM

kr.6.10

Columbus

7D

-1.6%

1Y

-12.6%

DATA

kr.2.00

Dataproces Group

7D

-3.8%

1Y

-18.0%

CONFRZ

kr.0.032

Conferize

7D

3.2%

1Y

-45.0%