Subdued Growth No Barrier To Hexagon AB (publ)'s (STO:HEXA B) Price
May 13
Swedish (OMX) Tech Sector Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies163
- 7D2.2%
- 3M4.3%
- 1Y5.6%
- YTD3.6%
Over the last 7 days, the Tech industry has risen 2.2%, driven by gains from Telefonaktiebolaget LM Ericsson of 5.1%. This takes the industry's 12 month performance to a gain of 5.6%. Looking forward, earnings are forecast to grow by 34% annually.
Sector Valuation and Performance
Has the Swedish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | kr869.1b | kr472.4b | -kr17,391,754,243.82 | 28x | -50x | 1.8x |
| Sun, 14 Apr 2024 | kr840.1b | kr482.4b | -kr18,669,126,032.43 | 28x | -45x | 1.7x |
| Tue, 12 Mar 2024 | kr859.9b | kr482.1b | -kr19,151,067,182.92 | 26.5x | -44.9x | 1.8x |
| Thu, 08 Feb 2024 | kr816.2b | kr480.7b | -kr19,197,253,160.28 | 31.4x | -42.5x | 1.7x |
| Sat, 06 Jan 2024 | kr830.1b | kr495.0b | -kr16,298,707,795.00 | 30.6x | -50.9x | 1.7x |
| Mon, 04 Dec 2023 | kr737.1b | kr495.3b | -kr16,263,728,760.00 | 29.6x | -45.3x | 1.5x |
| Wed, 01 Nov 2023 | kr652.1b | kr498.8b | -kr20,794,139,130.00 | 23.3x | -31.4x | 1.3x |
| Fri, 29 Sep 2023 | kr686.4b | kr499.7b | kr17.3b | 22.4x | 39.7x | 1.4x |
| Sun, 27 Aug 2023 | kr700.6b | kr501.9b | kr17.6b | 24.7x | 39.9x | 1.4x |
| Tue, 25 Jul 2023 | kr775.7b | kr497.6b | kr17.4b | 25x | 44.7x | 1.6x |
| Thu, 22 Jun 2023 | kr828.2b | kr495.3b | kr23.6b | 22.7x | 35.1x | 1.7x |
| Sat, 20 May 2023 | kr820.9b | kr492.3b | kr23.6b | 25.8x | 34.8x | 1.7x |
| Mon, 17 Apr 2023 | kr827.3b | kr478.5b | kr24.2b | 27.9x | 34.3x | 1.7x |
| Wed, 15 Mar 2023 | kr793.0b | kr453.4b | kr23.8b | 27.2x | 33.3x | 1.7x |
| Fri, 10 Feb 2023 | kr838.0b | kr445.8b | kr27.9b | 27.8x | 30x | 1.9x |
| Sun, 08 Jan 2023 | kr804.0b | kr429.3b | kr30.5b | 27.2x | 26.4x | 1.9x |
| Tue, 06 Dec 2022 | kr838.6b | kr427.4b | kr30.2b | 26.2x | 27.8x | 2x |
| Thu, 03 Nov 2022 | kr757.1b | kr422.5b | kr35.0b | 26.2x | 21.6x | 1.8x |
| Sat, 01 Oct 2022 | kr733.6b | kr404.6b | kr35.0b | 22.5x | 20.9x | 1.8x |
| Mon, 29 Aug 2022 | kr839.7b | kr403.1b | kr34.9b | 25.2x | 24.1x | 2.1x |
| Wed, 27 Jul 2022 | kr860.6b | kr399.1b | kr34.4b | 24.8x | 25x | 2.2x |
| Fri, 24 Jun 2022 | kr828.5b | kr385.9b | kr33.5b | 23.7x | 24.7x | 2.1x |
| Sun, 22 May 2022 | kr874.9b | kr384.5b | kr33.5b | 28.4x | 26.1x | 2.3x |
| Tue, 19 Apr 2022 | kr988.7b | kr387.7b | kr33.5b | 29x | 29.5x | 2.6x |
| Thu, 17 Mar 2022 | kr975.4b | kr386.5b | kr29.2b | 28.4x | 33.4x | 2.5x |
| Sat, 12 Feb 2022 | kr1.1t | kr376.8b | kr34.3b | 32.5x | 32.3x | 2.9x |
| Mon, 10 Jan 2022 | kr1.1t | kr369.2b | kr31.7b | 38.9x | 35.7x | 3.1x |
| Wed, 08 Dec 2021 | kr1.1t | kr368.9b | kr31.7b | 37x | 34.4x | 3x |
| Fri, 05 Nov 2021 | kr1.1t | kr365.8b | kr31.5b | 38.9x | 36x | 3.1x |
| Sun, 03 Oct 2021 | kr1.1t | kr360.8b | kr30.8b | 33.6x | 34.4x | 2.9x |
| Tue, 31 Aug 2021 | kr1.1t | kr360.5b | kr30.8b | 33.6x | 37.2x | 3.2x |
| Wed, 07 Jul 2021 | kr1.0t | kr360.5b | kr30.8b | 29.5x | 33.4x | 2.9x |
Price to Earnings Ratio
37.1x
Current Industry PE
- Investors are pessimistic on the Swedish Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 10.0% 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 Swedish Tech sector?
| SE Market | 2.03% | |
| Tech | 2.21% | |
| Communications | 5.41% | |
| Software | 4.96% | |
| IT | 2.25% | |
| Semiconductors | 1.15% | |
| Electronic Equipment and Components | -0.13% | |
| Tech Hardware | -6.45% | |
Industry PE
- Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 15.1x.
- Analysts are expecting annual earnings growth of 34.1%, which is lower than the prior year's growth of 137.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 90% over the next 5 years.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| ERIC B Telefonaktiebolaget LM Ericsson | kr61.00 | 4.8% +kr9.3b | 9.7% | PS0.8x | |
| FNOX Fortnox | kr67.70 | 4.5% +kr1.8b | -9.9% | PE67.3x | |
| SINCH Sinch | kr23.68 | 9.6% +kr1.8b | -1.1% | PE644.5x | |
| HMS HMS Networks | kr461.80 | 7.7% +kr1.7b | -5.9% | PE45.8x | |
| YUBICO Yubico | kr219.50 | 7.9% +kr1.4b | 125.8% | PE114.1x |
