Latvian (OMX) Tech Sector Analysis
UpdatedOct 20, 2023
DataAggregated Company Financials
Companies2
- 7D0%
- 3M2.0%
- 1Y1.5%
- YTD-7.1%
The Tech industry has stayed flat over the last week. The past year has been better, since the industry has gained 4.0% in that time. Earnings are forecast to grow by 64% annually.
Sector Valuation and Performance
Has the Latvian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Oct 2023 | €46.6m | €62.3m | €135.0k | 9.2x | 345x | 0.7x |
| Sun, 17 Sep 2023 | €48.1m | €62.3m | €135.0k | 9.6x | 356x | 0.8x |
| Tue, 15 Aug 2023 | €46.6m | €62.3m | €135.0k | 9.1x | 345x | 0.7x |
| Thu, 13 Jul 2023 | €47.8m | €62.0m | €280.7k | 9x | 170.2x | 0.8x |
| Sat, 10 Jun 2023 | €51.0m | €62.0m | €280.7k | 9.9x | 181.8x | 0.8x |
| Mon, 08 May 2023 | €55.0m | €66.9m | €3.9m | 6.4x | 13.9x | 0.8x |
| Wed, 05 Apr 2023 | €53.9m | €66.9m | €3.9m | 6.3x | 13.7x | 0.8x |
| Fri, 03 Mar 2023 | €56.8m | €66.9m | €3.9m | 6.7x | 14.4x | 0.8x |
| Sun, 29 Jan 2023 | €54.7m | €62.6m | €3.9m | 5.9x | 14.1x | 0.9x |
| Tue, 27 Dec 2022 | €50.3m | €62.6m | €3.9m | 5.3x | 13x | 0.8x |
| Thu, 24 Nov 2022 | €52.3m | €62.6m | €3.9m | 5.6x | 13.5x | 0.8x |
| Sat, 22 Oct 2022 | €45.4m | €56.6m | €3.6m | 5.5x | 12.7x | 0.8x |
| Mon, 19 Sep 2022 | €46.5m | €56.6m | €3.6m | 5.7x | 13.1x | 0.8x |
| Wed, 17 Aug 2022 | €49.4m | €56.0m | €4.5m | 5.2x | 11x | 0.9x |
| Fri, 15 Jul 2022 | €47.0m | €55.5m | €4.9m | 5x | 9.7x | 0.8x |
| Sun, 12 Jun 2022 | €49.2m | €55.5m | €4.9m | 5.2x | 10.1x | 0.9x |
| Tue, 10 May 2022 | €46.6m | €52.5m | €5.7m | 5.4x | 8.1x | 0.9x |
| Thu, 07 Apr 2022 | €48.9m | €52.5m | €5.7m | 5.7x | 8.6x | 0.9x |
| Sat, 05 Mar 2022 | €45.1m | €52.5m | €5.7m | 5.1x | 7.9x | 0.9x |
| Mon, 31 Jan 2022 | €51.9m | €50.8m | €5.0m | 7.2x | 10.4x | 1x |
| Wed, 29 Dec 2021 | €51.5m | €50.8m | €5.0m | 7x | 10.4x | 1x |
| Fri, 26 Nov 2021 | €53.5m | €50.8m | €5.0m | 7.4x | 10.8x | 1.1x |
| Sun, 24 Oct 2021 | €52.5m | €49.5m | €4.1m | 8.6x | 12.7x | 1.1x |
| Tue, 21 Sep 2021 | €51.4m | €49.5m | €4.1m | 7.9x | 12.5x | 1x |
| Thu, 19 Aug 2021 | €52.2m | €49.5m | €4.1m | 7.8x | 12.6x | 1.1x |
| Thu, 03 Jun 2021 | €45.0m | €44.1m | €1.9m | 11.2x | 24.1x | 1x |
| Sun, 07 Mar 2021 | €34.6m | €42.1m | €581.8k | 15.7x | 59.4x | 0.8x |
| Wed, 09 Dec 2020 | €26.3m | €41.1m | €168.3k | 22.5x | 156.3x | 0.6x |
Price to Earnings Ratio
149.7x
Current Industry PE
- There are only 2 companies in the Latvian Information Technology industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 7.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 Latvian Tech sector?
| LV Market | 2.57% | |
| Tech | 0% | |
| IT | 0% | |
| Software | 0% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Electronic Equipment and Components | 0% | |
| Semiconductors | 0% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 8.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 64% 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 | |
|---|---|---|---|---|---|
| No data available | |||||