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Swedish (OMX) Market Analysis & Valuation

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies893
  • 7D0.6%
  • 3M6.1%
  • 1Y11.1%
  • YTD4.8%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector gained 4.7% in that time. More promisingly, the market is up 11% over the past year. Earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 May 2024kr11.2tkr6.1tkr560.4b22.2x20x1.8x
Sun, 31 Mar 2024kr11.3tkr6.0tkr516.3b21.6x21.9x1.9x
Tue, 27 Feb 2024kr10.9tkr6.0tkr485.8b21.1x22.4x1.8x
Thu, 25 Jan 2024kr10.3tkr6.0tkr451.8b21.4x22.8x1.7x
Sat, 23 Dec 2023kr10.5tkr6.0tkr440.2b21.9x23.9x1.7x
Mon, 20 Nov 2023kr9.6tkr6.0tkr445.7b19.4x21.6x1.6x
Wed, 18 Oct 2023kr9.3tkr6.0tkr492.2b17.4x18.9x1.6x
Fri, 15 Sep 2023kr9.4tkr6.0tkr489.4b18x19.3x1.6x
Sun, 13 Aug 2023kr9.6tkr5.9tkr489.3b19.5x19.6x1.6x
Tue, 11 Jul 2023kr9.6tkr5.7tkr410.1b19.1x23.4x1.7x
Thu, 08 Jun 2023kr10.1tkr5.6tkr411.5b19.2x24.6x1.8x
Sat, 06 May 2023kr10.1tkr5.6tkr411.3b20x24.4x1.8x
Mon, 03 Apr 2023kr9.0tkr5.3tkr402.7b19.2x22.4x1.7x
Wed, 01 Mar 2023kr9.2tkr5.3tkr404.6b19.3x22.6x1.7x
Fri, 27 Jan 2023kr9.1tkr5.1tkr516.2b17.1x17.5x1.8x
Sun, 25 Dec 2022kr9.1tkr5.1tkr511.7b15.6x17.9x1.8x
Tue, 22 Nov 2022kr9.3tkr5.1tkr512.1b16.3x18.1x1.8x
Thu, 20 Oct 2022kr8.5tkr4.9tkr568.5b15.1x15x1.8x
Sat, 17 Sep 2022kr8.7tkr4.9tkr573.7b15.5x15.2x1.8x
Mon, 15 Aug 2022kr9.7tkr4.8tkr573.4b17x16.9x2x
Wed, 13 Jul 2022kr9.2tkr4.7tkr662.9b16.3x13.9x2x
Fri, 10 Jun 2022kr9.9tkr4.7tkr662.8b17.6x14.9x2.1x
Sun, 08 May 2022kr9.6tkr4.7tkr665.7b18.1x14.4x2x
Tue, 05 Apr 2022kr11.2tkr4.8tkr824.4b20.3x13.5x2.3x
Thu, 03 Mar 2022kr10.7tkr4.9tkr834.3b19.4x12.8x2.2x
Sat, 29 Jan 2022kr11.5tkr4.8tkr761.3b22.1x15x2.4x
Mon, 27 Dec 2021kr12.6tkr4.7tkr675.2b23.5x18.7x2.7x
Wed, 24 Nov 2021kr12.6tkr4.7tkr674.9b24.2x18.7x2.7x
Fri, 22 Oct 2021kr11.9tkr4.3tkr637.8b23.6x18.6x2.8x
Sun, 19 Sep 2021kr11.7tkr4.3tkr664.5b23.8x17.6x2.7x
Tue, 17 Aug 2021kr11.9tkr4.3tkr666.0b23.4x17.9x2.8x
Tue, 01 Jun 2021kr10.9tkr4.2tkr640.1b24x17x2.6x
Price to Earnings Ratio

17x


Total Market Cap: kr10.7tTotal Earnings: kr630.2bTotal Revenue: kr4.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 18.7x202220232024
Current Market PE
  • Investors are relatively neutral on the Swedish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 18.7x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market0.64%
Consumer Staples4.67%
Healthcare3.47%
Energy2.35%
Real Estate2.25%
Materials2.19%
Financials0.99%
Utilities0.59%
Industrials0.28%
Consumer Discretionary-0.32%
Tech-1.89%
Telecom-2.46%
Sector PE
  • Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.9% which is higher than its past year's earnings decline of 34.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 68% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 10% 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
ATCO A Atlas Copcokr193.102.0%
+kr18.5b		30.9%PE32.8xIndustrials
EMART EmbeddedArt Groupkr10.7567,912.7%
+kr17.0b		89,450.0%PS13826.6xIndustrials
EQT EQTkr298.903.0%
+kr10.3b		42.3%PE218.4xFinancials
INVE A Investorkr267.801.1%
+kr8.9b		21.5%PE5.1xFinancials
SAGA A AB Sagaxkr278.005.7%
+kr7.0b		17.3%PS30.1xReal Estate
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kr10.75

EmbeddedArt Group

7D

67,912.7%

1Y

89,450.0%

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-3.3%

1Y

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kr218.90

Sandvik

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1Y

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kr275.60

Essity

7D

3.3%

1Y

-11.7%

ATCO A

kr193.10

Atlas Copco

7D

2.0%

1Y

30.9%

Atlas Copco (STO:ATCO A) Will Pay A Dividend Of SEK1.40

Apr 27
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EVO

kr1,206.50

Evolution

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-3.1%

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MCOV B

kr173.60

Medicover

7D

32.9%

1Y

-4.9%

EQT

kr298.90

EQT

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3.0%

1Y

42.3%

INVE A

kr267.80

Investor

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1.1%

1Y

21.5%

Investor (STO:INVE A) Is Increasing Its Dividend To SEK3.60

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HM B

kr172.05

H & M Hennes & Mauritz

7D

-3.5%

1Y

17.5%

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kr278.00

AB Sagax

7D

5.7%

1Y

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BALD B

kr70.78

Fastighets AB Balder

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8.8%

1Y

60.4%

ERIC B

kr55.94

Telefonaktiebolaget LM Ericsson

7D

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1Y

1.6%