Earnings Miss: Volvo Car AB (publ.) Missed EPS By 18% And Analysts Are Revising Their Forecasts
Apr 26
Swedish (OMX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies932
- 7D1.4%
- 3M5.8%
- 1Y8.6%
- YTD4.1%
The market has climbed 1.4% in the last 7 days, lead by the Industrials sector with a gain of 2.4%. As for the past 12 months, the market is up 8.6%. Looking forward, earnings are forecast to grow by 13% annually.
Market Valuation and Performance
Has the Swedish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | kr11.1t | kr6.1t | kr557.8b | 22.2x | 20x | 1.8x |
| Mon, 25 Mar 2024 | kr11.4t | kr6.0t | kr515.2b | 21.5x | 22x | 1.9x |
| Wed, 21 Feb 2024 | kr10.8t | kr6.0t | kr478.1b | 21.7x | 22.5x | 1.8x |
| Fri, 19 Jan 2024 | kr10.1t | kr6.0t | kr444.2b | 21.7x | 22.8x | 1.7x |
| Sun, 17 Dec 2023 | kr10.5t | kr6.0t | kr441.4b | 20.8x | 23.8x | 1.7x |
| Tue, 14 Nov 2023 | kr9.2t | kr6.0t | kr446.9b | 19.2x | 20.6x | 1.5x |
| Thu, 12 Oct 2023 | kr9.4t | kr6.0t | kr493.5b | 17.6x | 19x | 1.6x |
| Sat, 09 Sep 2023 | kr9.4t | kr6.0t | kr489.3b | 18.4x | 19.1x | 1.6x |
| Mon, 07 Aug 2023 | kr9.7t | kr5.9t | kr488.2b | 19.6x | 19.8x | 1.6x |
| Wed, 05 Jul 2023 | kr9.8t | kr5.7t | kr411.3b | 19x | 23.9x | 1.7x |
| Fri, 02 Jun 2023 | kr9.9t | kr5.6t | kr411.6b | 19.1x | 24x | 1.7x |
| Sun, 30 Apr 2023 | kr10.2t | kr5.6t | kr420.7b | 19.8x | 24.2x | 1.8x |
| Tue, 28 Mar 2023 | kr8.6t | kr5.3t | kr402.1b | 18.6x | 21.3x | 1.6x |
| Thu, 23 Feb 2023 | kr9.1t | kr5.3t | kr432.5b | 19.1x | 21.1x | 1.7x |
| Sat, 21 Jan 2023 | kr9.6t | kr5.1t | kr498.3b | 17.1x | 19.3x | 1.9x |
| Mon, 19 Dec 2022 | kr9.1t | kr5.1t | kr510.9b | 15.7x | 17.9x | 1.8x |
| Wed, 16 Nov 2022 | kr9.4t | kr5.1t | kr510.3b | 16.3x | 18.5x | 1.9x |
| Fri, 14 Oct 2022 | kr8.2t | kr4.9t | kr570.1b | 14.7x | 14.4x | 1.7x |
| Sun, 11 Sep 2022 | kr9.0t | kr4.8t | kr573.3b | 16.2x | 15.7x | 1.9x |
| Tue, 09 Aug 2022 | kr9.6t | kr4.8t | kr572.2b | 16.7x | 16.8x | 2x |
| Thu, 07 Jul 2022 | kr9.0t | kr4.7t | kr663.8b | 15.9x | 13.5x | 1.9x |
| Sat, 04 Jun 2022 | kr10.2t | kr4.7t | kr661.9b | 18x | 15.4x | 2.2x |
| Mon, 02 May 2022 | kr10.2t | kr4.7t | kr639.4b | 19x | 16x | 2.2x |
| Wed, 30 Mar 2022 | kr11.2t | kr4.9t | kr827.9b | 19.9x | 13.5x | 2.3x |
| Fri, 25 Feb 2022 | kr10.5t | kr4.9t | kr815.1b | 19.6x | 12.9x | 2.2x |
| Sun, 23 Jan 2022 | kr11.7t | kr4.8t | kr753.4b | 22.2x | 15.6x | 2.5x |
| Tue, 21 Dec 2021 | kr12.1t | kr4.7t | kr674.9b | 22.9x | 18x | 2.6x |
| Thu, 18 Nov 2021 | kr12.9t | kr4.7t | kr672.9b | 24.6x | 19.1x | 2.8x |
| Sat, 16 Oct 2021 | kr11.6t | kr4.3t | kr653.9b | 23.7x | 17.8x | 2.7x |
| Mon, 13 Sep 2021 | kr11.8t | kr4.3t | kr663.7b | 23.9x | 17.8x | 2.8x |
| Wed, 11 Aug 2021 | kr12.0t | kr4.3t | kr666.0b | 23.2x | 18x | 2.8x |
| Sun, 06 Jun 2021 | kr10.9t | kr4.2t | kr640.1b | 24x | 17x | 2.6x |
Price to Earnings Ratio
17x
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 4.0% 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 Market | 1.39% | |
| Consumer Staples | 4.73% | |
| Healthcare | 4.16% | |
| Industrials | 2.38% | |
| Tech | 1.32% | |
| Financials | 0.63% | |
| Materials | 0.60% | |
| Real Estate | -0.30% | |
| Utilities | -0.56% | |
| Telecom | -0.68% | |
| Consumer Discretionary | -0.81% | |
| Energy | -3.82% | |
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 36.0% 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 69% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ATCO A Atlas Copco | kr193.90 | 8.1% +kr70.8b | 30.9% | PE32.9x | Industrials | |
| INVE A Investor | kr269.80 | 3.6% +kr28.8b | 20.2% | PE5.1x | Financials | |
| ALFA Alfa Laval | kr473.20 | 12.5% +kr21.8b | 26.0% | PE30x | Industrials | |
| HM B H & M Hennes & Mauritz | kr179.95 | 5.2% +kr14.3b | 20.1% | PE30.8x | Consumer Discretionary | |
| ESSITY B Essity | kr269.80 | 6.0% +kr10.7b | -13.2% | PE21x | Consumer Staples |
