Strax AB (publ) (STO:STRAX) Looks Inexpensive After Falling 29% But Perhaps Not Attractive Enough
May 31
Swedish (OMX) Consumer Durables Industry Analysis
UpdatedMay 31, 2024
DataAggregated Company Financials
Companies16
- 7D2.4%
- 3M6.3%
- 1Y-25.4%
- YTD-10.6%
Over the last 7 days, the Consumer Durables industry has dropped 1.2%, driven by pullbacks in JM and AB Electrolux of 4.3% and 2.1%, respectively. In contrast, Nobia has gained 14%. The industry has fallen 24% in the last year. Looking forward, earnings are forecast to grow by 79% annually.
Industry Valuation and Performance
Has the Swedish Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 31 May 2024 | kr57.7b | kr183.9b | -kr5,968,329,685.00 | 18.7x | -9.7x | 0.3x |
| Sun, 28 Apr 2024 | kr54.9b | kr184.5b | -kr6,112,743,852.00 | 16x | -9x | 0.3x |
| Tue, 26 Mar 2024 | kr54.2b | kr189.8b | -kr5,407,729,264.00 | 17.1x | -10x | 0.3x |
| Thu, 22 Feb 2024 | kr48.2b | kr189.9b | -kr5,433,480,450.00 | 17.2x | -8.9x | 0.3x |
| Sat, 20 Jan 2024 | kr50.0b | kr197.6b | -kr2,516,378,214.00 | 15.3x | -19.9x | 0.3x |
| Mon, 18 Dec 2023 | kr54.7b | kr197.6b | -kr2,516,378,214.00 | 14.9x | -21.7x | 0.3x |
| Wed, 15 Nov 2023 | kr52.1b | kr197.5b | -kr1,120,069,353.00 | 13.2x | -46.5x | 0.3x |
| Fri, 13 Oct 2023 | kr53.1b | kr197.4b | -kr2,622,375,289.00 | 9.3x | -20.2x | 0.3x |
| Sun, 10 Sep 2023 | kr53.5b | kr197.2b | -kr2,642,575,289.00 | 10.3x | -20.2x | 0.3x |
| Tue, 08 Aug 2023 | kr59.9b | kr197.4b | -kr2,635,198,271.00 | 14.4x | -22.7x | 0.3x |
| Thu, 06 Jul 2023 | kr65.5b | kr198.5b | -kr1,283,424,657.00 | 15.2x | -51x | 0.3x |
| Sat, 03 Jun 2023 | kr64.3b | kr198.5b | -kr1,284,826,498.00 | 13.6x | -50x | 0.3x |
| Mon, 01 May 2023 | kr67.9b | kr198.5b | -kr1,247,200,997.00 | 10.4x | -54.4x | 0.3x |
| Wed, 29 Mar 2023 | kr57.5b | kr194.3b | kr360.7m | 7.5x | 159.5x | 0.3x |
| Fri, 24 Feb 2023 | kr65.3b | kr194.4b | kr950.9m | 9.1x | 68.7x | 0.3x |
| Sun, 22 Jan 2023 | kr71.5b | kr193.4b | kr4.6b | 10.6x | 15.5x | 0.4x |
| Tue, 20 Dec 2022 | kr65.5b | kr193.4b | kr4.6b | 10.8x | 14.2x | 0.3x |
| Thu, 17 Nov 2022 | kr68.7b | kr194.8b | kr4.6b | 10x | 15x | 0.4x |
| Sat, 15 Oct 2022 | kr60.1b | kr189.7b | kr6.7b | 9.5x | 8.9x | 0.3x |
| Mon, 12 Sep 2022 | kr68.1b | kr189.7b | kr6.8b | 11.9x | 10.1x | 0.4x |
| Wed, 10 Aug 2022 | kr72.8b | kr189.7b | kr6.7b | 10.8x | 10.8x | 0.4x |
| Fri, 08 Jul 2022 | kr73.8b | kr185.1b | kr8.2b | 9.9x | 9x | 0.4x |
| Sun, 05 Jun 2022 | kr80.0b | kr185.1b | kr8.2b | 10.3x | 9.8x | 0.4x |
| Tue, 03 May 2022 | kr81.8b | kr184.4b | kr8.2b | 10.5x | 10x | 0.4x |
| Thu, 31 Mar 2022 | kr92.6b | kr180.9b | kr8.6b | 13.2x | 10.8x | 0.5x |
| Sat, 26 Feb 2022 | kr94.9b | kr180.6b | kr8.6b | 19.7x | 11x | 0.5x |
| Mon, 24 Jan 2022 | kr114.3b | kr180.1b | kr9.9b | 13.1x | 11.5x | 0.6x |
| Wed, 22 Dec 2021 | kr120.4b | kr180.0b | kr9.9b | 13.3x | 12.1x | 0.7x |
| Fri, 19 Nov 2021 | kr126.1b | kr179.9b | kr9.9b | 14.4x | 12.7x | 0.7x |
| Sun, 17 Oct 2021 | kr174.0b | kr225.5b | kr14.4b | 15.7x | 12.1x | 0.8x |
| Tue, 14 Sep 2021 | kr182.1b | kr225.5b | kr14.4b | 17.6x | 12.7x | 0.8x |
| Thu, 12 Aug 2021 | kr194.1b | kr225.5b | kr14.4b | 18.2x | 13.5x | 0.9x |
| Mon, 07 Jun 2021 | kr196.7b | kr215.5b | kr11.7b | 19.3x | 16.9x | 0.9x |
Price to Earnings Ratio
16.9x
Current Industry PE
- Investors are pessimistic on the Swedish Consumer Durables industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- Total earnings for the Consumer Durables industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 5.1% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Swedish Consumer Discretionary industry?
| SE Market | -1.31% | |
| Consumer Discretionary | -1.28% | |
| Consumer Durables | 2.36% | |
| Home Furnishings | 14.45% | |
| Household Appliances | 2.88% | |
| Homebuilding | 0.64% | |
| Housewares and Specialties | 0.55% | |
| Consumer Electronics | -5.18% | |
Industry PE
- Investors are most optimistic about the Consumer Electronics industry even though it's trading below its 3-year average PE ratio of 64.8x.
- Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings decline of 40.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Household Appliances industry, expecting annual earnings growth of 114% over the next 5 years.
- In contrast, the Consumer Electronics industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| ELUX B AB Electrolux | kr98.18 | 2.9% +kr739.9m | -33.9% | PS0.2x | |
| NOBI Nobia | kr5.53 | 17.4% +kr549.9m | -63.6% | PS0.3x | |
| BONAV B Bonava | kr9.74 | 5.6% +kr167.2m | -48.2% | PS0.2x | |
| WTW A Wall to Wall Group | kr74.00 | 5.7% +kr54.2m | -24.5% | PE20.9x | |
| EMBELL Embellence Group | kr31.00 | 4.4% +kr29.4m | 55.8% | PE16.4x |
