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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.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jun 2023kr10.3tkr5.7tkr418.1b19.3x24.5x1.8x
Sat, 06 May 2023kr10.2tkr5.6tkr417.5b20x24.5x1.8x
Mon, 03 Apr 2023kr9.2tkr5.3tkr408.9b19.2x22.5x1.7x
Wed, 01 Mar 2023kr9.4tkr5.3tkr410.8b19.3x22.8x1.8x
Fri, 27 Jan 2023kr9.2tkr5.2tkr522.4b17.1x17.7x1.8x
Sun, 25 Dec 2022kr9.2tkr5.1tkr511.5b15.6x17.9x1.8x
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
Fri, 05 Mar 2021kr9.6tkr3.9tkr409.3b23.6x23.4x2.4x
Mon, 07 Dec 2020kr8.9tkr4.0tkr460.5b22.3x19.2x2.2x
Thu, 10 Sep 2020kr7.9tkr3.9tkr388.7b22x20.2x2x
Price to Earnings Ratio

18.4x


Total Market Cap: kr7.2tTotal Earnings: kr389.9bTotal Revenue: kr4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 18.1x202120222023
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 Market2.06%
Real Estate4.97%
Materials4.80%
Utilities3.14%
Consumer Discretionary2.91%
Healthcare2.26%
Industrials1.90%
Tech1.73%
Financials1.69%
Consumer Staples1.27%
Energy0.90%
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?

CompanyLast Price7D1YValuationSector
VOLV B AB Volvokr212.306.0%
+kr24.5b
19.5%PE11.2xIndustrials
NDA SE Nordea Bank Abpkr113.266.2%
+kr23.5b
15.4%PB1.2xFinancials
VOLCAR B Volvo Car AB (publ.)kr44.9320.5%
+kr22.8b
-46.3%PE8.7xConsumer Discretionary
SAND Sandvikkr207.909.0%
+kr21.6b
1.5%PE19.6xIndustrials
ASSA B ASSA ABLOYkr255.406.1%
+kr16.2b
4.7%PE21.6xIndustrials
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VOLCAR B

kr44.93

Volvo Car AB (publ.)

7D

20.5%

1Y

-46.3%

VPLAY B

kr65.60

Viaplay Group

7D

-69.1%

1Y

-77.4%

TELIA

kr24.80

Telia Company

7D

-1.9%

1Y

-37.0%

SAAB B

kr570.00

Saab

7D

-3.5%

1Y

29.1%

EPI A

kr202.50

Epiroc

7D

6.6%

1Y

3.9%

NDA SE

kr113.26

Nordea Bank Abp

7D

6.2%

1Y

15.4%

SWED A

kr178.95

Swedbank

7D

7.8%

1Y

18.9%

SAND

kr207.90

Sandvik

7D

9.0%

1Y

1.5%

TEL2 B

kr94.90

Tele2

7D

-3.8%

1Y

-20.4%