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Swedish (OMX) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies931
  • 7D1.8%
  • 3M5.7%
  • 1Y16.1%
  • YTD5.3%

Over the last 7 days, the market has risen 1.8%, driven by gains of 2.5% in the Industrials sector. As for the past 12 months, the market is up 16%. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024kr11.2tkr6.0tkr514.3b21.1x21.9x1.9x
Thu, 15 Feb 2024kr10.6tkr6.0tkr485.0b21.8x21.8x1.8x
Sat, 13 Jan 2024kr10.4tkr6.0tkr441.0b22.3x23.6x1.7x
Mon, 11 Dec 2023kr10.1tkr6.0tkr442.1b20.5x22.8x1.7x
Wed, 08 Nov 2023kr9.2tkr6.0tkr446.8b18.5x20.5x1.5x
Fri, 06 Oct 2023kr9.1tkr6.0tkr489.8b17.4x18.5x1.5x
Sun, 03 Sep 2023kr9.5tkr6.0tkr489.5b18.6x19.3x1.6x
Tue, 01 Aug 2023kr9.8tkr5.9tkr484.1b19.5x20.3x1.7x
Thu, 29 Jun 2023kr9.7tkr5.7tkr412.3b19.1x23.6x1.7x
Sat, 27 May 2023kr9.9tkr5.6tkr406.6b19.4x24.4x1.8x
Mon, 24 Apr 2023kr10.0tkr5.5tkr438.7b20x22.8x1.8x
Wed, 22 Mar 2023kr8.7tkr5.3tkr402.4b18.8x21.7x1.6x
Fri, 17 Feb 2023kr9.3tkr5.3tkr442.8b19.1x21.1x1.8x
Sun, 15 Jan 2023kr9.7tkr5.1tkr505.6b16.9x19.2x1.9x
Tue, 13 Dec 2022kr9.4tkr5.1tkr510.9b15.8x18.4x1.8x
Thu, 10 Nov 2022kr9.4tkr5.1tkr509.0b16.3x18.6x1.9x
Sat, 08 Oct 2022kr8.2tkr4.9tkr569.3b14.5x14.4x1.7x
Mon, 05 Sep 2022kr8.9tkr4.8tkr573.1b16.3x15.6x1.8x
Wed, 03 Aug 2022kr9.5tkr4.8tkr533.6b16.7x17.8x2x
Fri, 01 Jul 2022kr8.7tkr4.7tkr663.6b15.6x13.1x1.8x
Sun, 29 May 2022kr10.1tkr4.7tkr655.6b17.8x15.4x2.1x
Tue, 26 Apr 2022kr10.3tkr4.6tkr621.4b19.4x16.6x2.2x
Thu, 24 Mar 2022kr11.1tkr4.9tkr826.4b19.8x13.4x2.3x
Sat, 19 Feb 2022kr11.0tkr4.9tkr804.0b21.1x13.7x2.3x
Mon, 17 Jan 2022kr12.1tkr4.7tkr674.8b22.8x17.9x2.6x
Wed, 15 Dec 2021kr12.2tkr4.7tkr674.5b23x18.1x2.6x
Fri, 12 Nov 2021kr12.5tkr4.7tkr671.3b24x18.6x2.7x
Sun, 10 Oct 2021kr11.2tkr4.3tkr668.3b22.3x16.7x2.6x
Tue, 07 Sep 2021kr12.1tkr4.3tkr663.7b24.7x18.2x2.8x
Thu, 05 Aug 2021kr12.1tkr4.3tkr666.0b23.2x18.1x2.8x
Sun, 09 May 2021kr10.7tkr4.2tkr630.2b23.6x17x2.6x
Price to Earnings Ratio

16.4x


Total Market Cap: kr10.3tTotal Earnings: kr629.3bTotal Revenue: kr4.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 18.5x202220232024
Current Market PE
  • Investors are optimistic on the Swedish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.9x which is higher than its 3-year average PE of 18.5x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 6.5% 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 Market1.83%
Materials4.47%
Utilities2.56%
Industrials2.55%
Consumer Discretionary2.22%
Telecom1.89%
Financials1.66%
Energy1.39%
Consumer Staples1.38%
Tech1.04%
Real Estate-0.53%
Healthcare-0.94%
Sector PE
  • Investors favour the Telecom 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 33.5% which is higher than its past year's earnings decline of 21.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 35% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 13% 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
VOLV B AB Volvokr305.753.2%
+kr19.1b
54.6%PE12.5xIndustrials
ATCO A Atlas Copcokr182.001.6%
+kr14.1b
47.3%PE31.6xIndustrials
EVO Evolutionkr1.37k4.1%
+kr11.2b
8.5%PE23.7xConsumer Discretionary
EPI A Epirockr203.303.7%
+kr8.7b
5.5%PE26xIndustrials
SAND Sandvikkr240.402.5%
+kr7.4b
17.7%PE19.7xIndustrials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

NDA SE

kr124.22

Nordea Bank Abp

7D

-1.3%

1Y

8.4%

ERIC B

kr56.14

Telefonaktiebolaget LM Ericsson

7D

-2.0%

1Y

0.3%

NIBE B

kr55.00

NIBE Industrier

7D

-6.2%

1Y

-49.3%

SAAB B

kr885.60

Saab

7D

4.6%

1Y

50.1%

SHB A

kr120.35

Svenska Handelsbanken

7D

-1.7%

1Y

25.1%

ATCO A

kr182.00

Atlas Copco

7D

1.6%

1Y

47.3%

EQT

kr334.00

EQT

7D

1.5%

1Y

69.6%

EPI A

kr203.30

Epiroc

7D

3.7%

1Y

5.5%

VOLV B

kr305.75

AB Volvo

7D

3.2%

1Y

54.6%

VOLCAR B

kr35.39

Volvo Car AB (publ.)

7D

-3.3%

1Y

-18.9%

SAND

kr240.40

Sandvik

7D

2.5%

1Y

17.7%

SAGA A

kr251.00

AB Sagax

7D

-3.8%

1Y

7.3%