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Has the Swedish Financials Sector valuation changed over the past few years?
|Sun, 05 Dec 2021||kr2.9t||kr572.5b||kr300.5b||11.1x|
|Tue, 02 Nov 2021||kr2.8t||kr570.9b||kr307.5b||10.2x|
|Thu, 30 Sep 2021||kr2.6t||kr595.6b||kr336.6b||10.1x|
|Sat, 28 Aug 2021||kr2.7t||kr595.6b||kr335.7b||10.4x|
|Sun, 04 Jul 2021||kr2.5t||kr595.6b||kr335.7b||9.9x|
|Wed, 07 Apr 2021||kr2.3t||kr633.9b||kr371.5b||8.4x|
|Sat, 09 Jan 2021||kr1.9t||kr418.0b||kr188.5b||10.5x|
|Fri, 02 Oct 2020||kr1.8t||kr445.6b||kr215.7b||9.6x|
|Mon, 06 Jul 2020||kr1.4t||kr359.5b||kr147.6b||9.8x|
|Thu, 09 Apr 2020||kr1.1t||kr305.4b||kr84.6b||12.8x|
|Wed, 01 Jan 2020||kr1.5t||kr450.3b||kr233.9b||8.5x|
|Sat, 05 Oct 2019||kr1.4t||kr330.1b||kr103.4b||12x|
|Tue, 09 Jul 2019||kr1.2t||kr326.0b||kr114.5b||10.1x|
|Mon, 01 Apr 2019||kr1.2t||kr316.3b||kr114.9b||10.9x|
|Thu, 03 Jan 2019||kr1.1t||kr279.7b||kr80.8b||9.9x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.6x. However, future earnings are expected to decline by 21% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Financials industry have grown 55% per year over the last three years, and revenues for these companies have grown 27% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Swedish Financials sector?
Industry PE: Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 18.6x. However analysts are expecting annual earnings growth of 22%, which is lower than the prior year's growth of 188% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 8.1x.
Forecasted Growth: Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 33% over the next 5 years. This is better than its past earnings decline of 5.5% per year. Meanwhile, the Diversified Financial industry is expected to see its earnings decline by 79% per year over the next few years.
Which companies have driven the market over the last 7 days?
Avanza Bank Holding
Skandinaviska Enskilda Banken
Nordea Bank Abp