Is It Time To Consider Buying Volvo Car AB (publ.) (STO:VOLCAR B)?
Nov 19
Swedish (OMX) Auto Industry Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies6
- 7D-2.5%
- 3M-17.4%
- 1Y-32.8%
- YTD-30.2%
Over the last 7 days, the Auto industry has dropped 3.5%, driven by Volvo Car AB (publ.) declining 3.7%. The industry has fallen 33% in the last year. Earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Swedish Auto Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Nov 2023 | kr105.4b | kr399.8b | kr12.5b | 10.5x | 8.4x | 0.3x |
| Sat, 28 Oct 2023 | kr116.4b | kr399.7b | kr12.5b | 9.4x | 9.3x | 0.3x |
| Mon, 25 Sep 2023 | kr132.4b | kr386.9b | kr9.9b | 13.3x | 13.4x | 0.3x |
| Wed, 23 Aug 2023 | kr135.4b | kr386.8b | kr9.8b | 11x | 13.8x | 0.4x |
| Fri, 21 Jul 2023 | kr145.6b | kr386.8b | kr9.8b | 11.8x | 14.8x | 0.4x |
| Sun, 18 Jun 2023 | kr136.4b | kr355.9b | kr15.4b | 8.9x | 8.9x | 0.4x |
| Tue, 16 May 2023 | kr114.5b | kr355.7b | kr15.4b | 8x | 7.4x | 0.3x |
| Thu, 13 Apr 2023 | kr129.1b | kr334.2b | kr15.6b | 8.4x | 8.3x | 0.4x |
| Sat, 11 Mar 2023 | kr145.1b | kr334.2b | kr15.6b | 8.9x | 9.3x | 0.4x |
| Mon, 06 Feb 2023 | kr165.0b | kr308.9b | kr15.0b | 9.4x | 11x | 0.5x |
| Wed, 04 Jan 2023 | kr149.9b | kr308.9b | kr15.0b | 8.7x | 10x | 0.5x |
| Fri, 02 Dec 2022 | kr156.3b | kr308.9b | kr15.0b | 9.1x | 10.4x | 0.5x |
| Sun, 30 Oct 2022 | kr136.5b | kr308.7b | kr15.0b | 8.3x | 9.1x | 0.4x |
| Tue, 27 Sep 2022 | kr156.1b | kr290.2b | kr16.8b | 8x | 9.3x | 0.5x |
| Thu, 25 Aug 2022 | kr202.9b | kr290.2b | kr16.9b | 10.4x | 12x | 0.7x |
| Sat, 23 Jul 2022 | kr223.8b | kr290.2b | kr16.9b | 10.5x | 13.2x | 0.8x |
| Mon, 20 Jun 2022 | kr216.8b | kr291.4b | kr10.4b | 14.7x | 20.8x | 0.7x |
| Wed, 18 May 2022 | kr240.6b | kr291.4b | kr10.4b | 16.3x | 23x | 0.8x |
| Fri, 15 Apr 2022 | kr208.9b | kr285.5b | kr12.3b | 13.8x | 16.9x | 0.7x |
| Sun, 13 Mar 2022 | kr169.0b | kr285.5b | kr12.2b | 11.4x | 13.8x | 0.6x |
| Tue, 08 Feb 2022 | kr204.9b | kr290.5b | kr15.1b | 13.4x | 13.6x | 0.7x |
| Thu, 06 Jan 2022 | kr255.4b | kr290.5b | kr15.1b | 16.5x | 16.9x | 0.9x |
| Sat, 04 Dec 2021 | kr228.6b | kr290.5b | kr15.1b | 14.3x | 15.1x | 0.8x |
| Mon, 01 Nov 2021 | kr76.8b | kr295.1b | kr15.6b | 9.6x | 4.9x | 0.3x |
| Wed, 29 Sep 2021 | kr2.5b | kr2.9b | -kr18,388,132.00 | 14.5x | -134.5x | 0.9x |
| Fri, 27 Aug 2021 | kr2.5b | kr2.9b | -kr18,388,132.00 | 15x | -138.5x | 0.9x |
| Sat, 03 Jul 2021 | kr2.8b | kr2.9b | -kr18,388,132.00 | 13.9x | -153x | 1x |
| Tue, 06 Apr 2021 | kr2.9b | kr2.5b | -kr19,664,810.00 | 18.8x | -148.3x | 1.2x |
| Fri, 08 Jan 2021 | kr2.5b | kr2.3b | -kr25,875,530.00 | 22.2x | -96.9x | 1.1x |
Price to Earnings Ratio
-52.6x
Current Industry PE
- Investors are pessimistic on the Swedish Auto industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.1x which is higher than its 3-year average PE of -26.7x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- Total earnings for the Auto industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 466% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swedish Consumer Discretionary industry?
| SE Market | 0.76% | |
| Consumer Discretionary | 1.00% | |
| Auto | -2.45% | |
| Motorcycle Manufacturers | -1.43% | |
| Automobile Manufacturers | -2.45% | |
Industry PE
- Investors are most optimistic about the Automobile Manufacturers industry even though it's trading below its 3-year average PE ratio of 290x.
- Analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings decline of 4.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Automobile Manufacturers industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 4.8% per year.
- In contrast, the Automobile Manufacturers industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| KABE B KABE Group AB (publ.) | kr302.00 | 2.7% +kr72.0m | 43.5% | PE10.5x | |
| NILS Nilsson Special Vehicles | kr6.42 | 0.9% +kr281.6k | 26.9% | PE13.5x |