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Swedish (OMX) Financials Sector Analysis
UpdatedApr 16, 2024
DataAggregated Company Financials
Companies69
- 7D-1.7%
- 3M9.5%
- 1Y20.3%
- YTD6.6%
Over the last 7 days, the Financials industry has dropped 1.8%, driven by a pullback from EQT of 3.6%. In the past year, the industry has gained 20%. In the next few years, earnings are forecast to decline by 6.0% annually.
Sector Valuation and Performance
Has the Swedish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Apr 2024 | kr2.9t | kr694.8b | kr332.9b | 12.8x | 8.6x | 4.1x |
| Thu, 14 Mar 2024 | kr3.0t | kr684.0b | kr326.2b | 11.8x | 9.2x | 4.4x |
| Sat, 10 Feb 2024 | kr2.7t | kr684.3b | kr340.6b | 10.3x | 8x | 4x |
| Mon, 08 Jan 2024 | kr2.7t | kr671.2b | kr332.2b | 10.3x | 8x | 4x |
| Wed, 06 Dec 2023 | kr2.5t | kr672.5b | kr332.8b | 9.3x | 7.6x | 3.7x |
| Fri, 03 Nov 2023 | kr2.4t | kr675.9b | kr332.2b | 8.2x | 7.1x | 3.5x |
| Sun, 01 Oct 2023 | kr2.4t | kr669.4b | kr333.5b | 9.1x | 7.2x | 3.6x |
| Tue, 29 Aug 2023 | kr2.4t | kr671.3b | kr334.1b | 9.9x | 7.1x | 3.5x |
| Thu, 27 Jul 2023 | kr2.4t | kr663.8b | kr325.8b | 9.6x | 7.5x | 3.7x |
| Sat, 24 Jun 2023 | kr2.3t | kr515.2b | kr193.9b | 9x | 11.7x | 4.4x |
| Mon, 22 May 2023 | kr2.3t | kr504.8b | kr187.3b | 8.9x | 12.3x | 4.6x |
| Wed, 19 Apr 2023 | kr1.6t | kr389.4b | kr143.7b | 10.4x | 11.4x | 4.2x |
| Fri, 17 Mar 2023 | kr1.5t | kr369.7b | kr125.4b | 9.9x | 11.9x | 4x |
| Sun, 12 Feb 2023 | kr1.6t | kr365.7b | kr113.8b | 10.4x | 14.4x | 4.5x |
| Tue, 10 Jan 2023 | kr2.2t | kr352.8b | kr68.4b | 10.7x | 32.7x | 6.3x |
| Thu, 08 Dec 2022 | kr2.1t | kr350.2b | kr67.4b | 9.7x | 31.1x | 6x |
| Sat, 05 Nov 2022 | kr2.1t | kr348.6b | kr67.4b | 9.7x | 30.5x | 5.9x |
| Mon, 03 Oct 2022 | kr1.9t | kr356.6b | kr99.7b | 8.7x | 18.6x | 5.2x |
| Wed, 31 Aug 2022 | kr1.9t | kr357.8b | kr100.6b | 8.9x | 19x | 5.3x |
| Fri, 29 Jul 2022 | kr2.0t | kr353.4b | kr90.7b | 10.5x | 21.7x | 5.6x |
| Sun, 26 Jun 2022 | kr1.9t | kr454.6b | kr199.3b | 8.6x | 9.5x | 4.2x |
| Tue, 24 May 2022 | kr2.1t | kr458.7b | kr206.1b | 10.1x | 10.3x | 4.6x |
| Thu, 21 Apr 2022 | kr2.3t | kr626.7b | kr359.7b | 8.4x | 6.5x | 3.7x |
| Sat, 19 Mar 2022 | kr2.5t | kr657.9b | kr390.2b | 8.2x | 6.4x | 3.8x |
| Mon, 14 Feb 2022 | kr2.6t | kr654.5b | kr378.3b | 9.4x | 6.8x | 3.9x |
| Wed, 12 Jan 2022 | kr2.8t | kr574.3b | kr299.9b | 11x | 9.2x | 4.8x |
| Fri, 10 Dec 2021 | kr2.9t | kr572.7b | kr300.8b | 10.4x | 9.6x | 5.1x |
| Sun, 07 Nov 2021 | kr2.9t | kr571.2b | kr307.9b | 10.4x | 9.4x | 5.1x |
| Tue, 05 Oct 2021 | kr2.6t | kr595.0b | kr336.2b | 10.2x | 7.7x | 4.3x |
| Thu, 02 Sep 2021 | kr2.7t | kr595.6b | kr335.7b | 10.5x | 8.1x | 4.5x |
| Sat, 31 Jul 2021 | kr2.7t | kr595.6b | kr335.7b | 10.2x | 8.1x | 4.6x |
| Tue, 04 May 2021 | kr2.4t | kr633.9b | kr371.6b | 9.1x | 6.4x | 3.7x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are pessimistic on the Swedish Financials 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 8.6x which is lower than its 3-year average PE of 11.8x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have declined 3.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Swedish Financials sector?
| SE Market | -1.31% | |
| Financials | -1.66% | |
| Insurance | 2.50% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Banks | -1.19% | |
| Diversified Financial | -1.22% | |
| Capital Markets | -3.58% | |
| Consumer Finance | -5.32% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 30.8%, which is lower than the prior year's growth of 70.5% per year.
- Investors are most pessimistic about the Diversified Financial industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.4x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings growth rate of 2.9% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|
| NDA SE Nordea Bank Abp | kr123.90 | 0.2% +kr1.1b | 7.3% | PB1.2x | |
| CS CoinShares International | kr58.90 | 5.0% +kr186.0m | 60.5% | PS6.6x | |
| TFBANK TF Bank | kr175.00 | 4.8% +kr172.0m | 18.7% | PB1.7x | |
| CPE I Coeli Private Equity | kr121.00 | 14.2% +kr130.1m | -18.2% | n/a | |
| VNV VNV Global | kr24.68 | 3.7% +kr115.3m | 16.0% | PE13.2x |
