Swedish (OMX) Market Analysis & Valuation

UpdatedJun 07, 2023

DataAggregated Company Financials

Companies1023

7D2.1%
3M-1.4%
1Y-2.9%
YTD5.3%

Over the last 7 days, the market has risen 2.1%, driven by gains of 1.9% in the Industrials sector. On the other hand, with a decline of 4.0%, the Communication Services sector is lagging behind. In the last 12 months, the market has been flat. Earnings are forecast to grow by 16% annually.

Trending IndustriesOil and Gas Biotech Software Renewable Energy

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 08 Jun 2023	kr10.3t	kr5.7t	kr418.1b	19.3x	24.5x	1.8x
Sat, 06 May 2023	kr10.2t	kr5.6t	kr417.5b	20x	24.5x	1.8x
Mon, 03 Apr 2023	kr9.2t	kr5.3t	kr408.9b	19.2x	22.5x	1.7x
Wed, 01 Mar 2023	kr9.4t	kr5.3t	kr410.8b	19.3x	22.8x	1.8x
Fri, 27 Jan 2023	kr9.2t	kr5.2t	kr522.4b	17.1x	17.7x	1.8x
Sun, 25 Dec 2022	kr9.2t	kr5.1t	kr511.5b	15.6x	17.9x	1.8x
Tue, 22 Nov 2022	kr9.3t	kr5.1t	kr512.1b	16.3x	18.1x	1.8x
Thu, 20 Oct 2022	kr8.5t	kr4.9t	kr568.5b	15.1x	15x	1.8x
Sat, 17 Sep 2022	kr8.7t	kr4.9t	kr573.7b	15.5x	15.2x	1.8x
Mon, 15 Aug 2022	kr9.7t	kr4.8t	kr573.4b	17x	16.9x	2x
Wed, 13 Jul 2022	kr9.2t	kr4.7t	kr662.9b	16.3x	13.9x	2x
Fri, 10 Jun 2022	kr9.9t	kr4.7t	kr662.8b	17.6x	14.9x	2.1x
Sun, 08 May 2022	kr9.6t	kr4.7t	kr665.7b	18.1x	14.4x	2x
Tue, 05 Apr 2022	kr11.2t	kr4.8t	kr824.4b	20.3x	13.5x	2.3x
Thu, 03 Mar 2022	kr10.7t	kr4.9t	kr834.3b	19.4x	12.8x	2.2x
Sat, 29 Jan 2022	kr11.5t	kr4.8t	kr761.3b	22.1x	15x	2.4x
Mon, 27 Dec 2021	kr12.6t	kr4.7t	kr675.2b	23.5x	18.7x	2.7x
Wed, 24 Nov 2021	kr12.6t	kr4.7t	kr674.9b	24.2x	18.7x	2.7x
Fri, 22 Oct 2021	kr11.9t	kr4.3t	kr637.8b	23.6x	18.6x	2.8x
Sun, 19 Sep 2021	kr11.7t	kr4.3t	kr664.5b	23.8x	17.6x	2.7x
Tue, 17 Aug 2021	kr11.9t	kr4.3t	kr666.0b	23.4x	17.9x	2.8x
Tue, 01 Jun 2021	kr10.9t	kr4.2t	kr640.1b	24x	17x	2.6x
Fri, 05 Mar 2021	kr9.6t	kr3.9t	kr409.3b	23.6x	23.4x	2.4x
Mon, 07 Dec 2020	kr8.9t	kr4.0t	kr460.5b	22.3x	19.2x	2.2x
Thu, 10 Sep 2020	kr7.9t	kr3.9t	kr388.7b	22x	20.2x	2x

Price to Earnings Ratio

18.4x

Mon, 06 Jul 2020

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 24.5x which is higher than its 3-year average PE of 18.1x.

Past Earnings Growth

The earnings for Swedish listed companies have grown 2.4% per year over the last three years.
Revenues for these companies have grown 13% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Swedish Market?


SE Market	2.06%
Real Estate	4.97%
Materials	4.80%
Utilities	3.14%
Consumer Discretionary	2.91%
Healthcare	2.26%
Industrials	1.90%
Tech	1.73%
Financials	1.69%
Consumer Staples	1.27%
Energy	0.90%
Telecom	-4.01%

Sector PE

Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 35.5x.

Analysts are expecting annual earnings growth of 17.1%, which is lower than the prior year's growth of 25.9% per year.

Forecasted Growth

Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 51% over the next 5 years.
This is better than its past earnings decline of 63% per year.

In contrast, the Utilities sector is expected to see its earnings grow by 8.7% 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
VOLV B AB Volvo	kr212.30	6.0% +kr24.5b	19.5%	PE11.2x	Industrials
NDA SE Nordea Bank Abp	kr113.26	6.2% +kr23.5b	15.4%	PB1.2x	Financials
VOLCAR B Volvo Car AB (publ.)	kr44.93	20.5% +kr22.8b	-46.3%	PE8.7x	Consumer Discretionary
SAND Sandvik	kr207.90	9.0% +kr21.6b	1.5%	PE19.6x	Industrials
ASSA B ASSA ABLOY	kr255.40	6.1% +kr16.2b	4.7%	PE21.6x	Industrials