Swedbank's (STO:SWED A) Upcoming Dividend Will Be Larger Than Last Year's
Mar 27
Swedish (OMX) Banks Industry Analysis
UpdatedApr 16, 2024
DataAggregated Company Financials
Companies6
- 7D-1.2%
- 3M3.0%
- 1Y16.9%
- YTD1.2%
In the last week, the Banks industry is flat overall, with Swedbank standing out by going down 3.3%. As for the the longer term, the industry is up 17% over the past 12 months. In the next few years, earnings are forecast to decline by 4.4% annually.
Industry Valuation and Performance
Has the Swedish Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Apr 2024 | kr1.2t | kr350.9b | kr158.5b | 7.7x | 7.6x | 3.4x |
| Thu, 14 Mar 2024 | kr1.3t | kr346.6b | kr156.7b | 8.3x | 8.2x | 3.7x |
| Sat, 10 Feb 2024 | kr1.2t | kr347.0b | kr157.1b | 7.8x | 7.7x | 3.5x |
| Mon, 08 Jan 2024 | kr1.2t | kr342.6b | kr156.1b | 8x | 7.8x | 3.5x |
| Wed, 06 Dec 2023 | kr1.1t | kr343.7b | kr156.6b | 7.3x | 7.2x | 3.3x |
| Fri, 03 Nov 2023 | kr1.1t | kr349.3b | kr159.0b | 6.9x | 6.8x | 3.1x |
| Sun, 01 Oct 2023 | kr1.1t | kr327.6b | kr145.0b | 7.7x | 7.8x | 3.5x |
| Tue, 29 Aug 2023 | kr1.1t | kr331.4b | kr146.6b | 7.5x | 7.5x | 3.3x |
| Thu, 27 Jul 2023 | kr1.1t | kr327.7b | kr145.0b | 7.5x | 7.6x | 3.4x |
| Sat, 24 Jun 2023 | kr1.0t | kr306.7b | kr131.0b | 7.9x | 7.9x | 3.4x |
| Mon, 22 May 2023 | kr1.0t | kr303.4b | kr129.6b | 7.7x | 7.8x | 3.3x |
| Wed, 19 Apr 2023 | kr1.1t | kr277.9b | kr111.9b | 9.1x | 9.5x | 3.8x |
| Fri, 17 Mar 2023 | kr1.1t | kr276.4b | kr111.4b | 8.9x | 9.5x | 3.8x |
| Sun, 12 Feb 2023 | kr1.1t | kr276.5b | kr111.4b | 10x | 10.3x | 4.1x |
| Tue, 10 Jan 2023 | kr1.1t | kr256.8b | kr104.4b | 10.7x | 10.9x | 4.4x |
| Thu, 08 Dec 2022 | kr1.0t | kr254.5b | kr103.5b | 9.8x | 10.1x | 4.1x |
| Sat, 05 Nov 2022 | kr1.0t | kr254.1b | kr103.4b | 10x | 10.1x | 4.1x |
| Mon, 03 Oct 2022 | kr946.0b | kr249.0b | kr102.6b | 9.1x | 9.2x | 3.8x |
| Wed, 31 Aug 2022 | kr937.9b | kr247.1b | kr101.8b | 8.8x | 9.2x | 3.8x |
| Fri, 29 Jul 2022 | kr939.8b | kr243.2b | kr100.3b | 9.1x | 9.4x | 3.9x |
| Sun, 26 Jun 2022 | kr897.6b | kr244.7b | kr102.6b | 8.5x | 8.7x | 3.7x |
| Tue, 24 May 2022 | kr992.4b | kr243.0b | kr102.0b | 10x | 9.7x | 4.1x |
| Thu, 21 Apr 2022 | kr991.3b | kr242.8b | kr105.1b | 9.8x | 9.4x | 4.1x |
| Sat, 19 Mar 2022 | kr1.0t | kr243.6b | kr105.8b | 9.8x | 9.6x | 4.2x |
| Mon, 14 Feb 2022 | kr1.1t | kr244.9b | kr106.3b | 10.5x | 10.4x | 4.5x |
| Wed, 12 Jan 2022 | kr1.1t | kr242.3b | kr100.6b | 11.8x | 11.3x | 4.7x |
| Fri, 10 Dec 2021 | kr1.1t | kr242.0b | kr100.4b | 11.7x | 11.1x | 4.6x |
| Sun, 07 Nov 2021 | kr1.2t | kr238.7b | kr99.2b | 12.5x | 11.8x | 4.9x |
| Tue, 05 Oct 2021 | kr1.1t | kr234.7b | kr94.3b | 12.2x | 11.6x | 4.7x |
| Thu, 02 Sep 2021 | kr1.1t | kr234.7b | kr94.3b | 12.1x | 11.5x | 4.6x |
| Sat, 31 Jul 2021 | kr1.1t | kr234.7b | kr94.3b | 11.7x | 11.2x | 4.5x |
| Tue, 04 May 2021 | kr961.7b | kr220.3b | kr81.9b | 12.8x | 11.7x | 4.4x |
Price to Earnings Ratio
11.7x
Current Industry PE
- Investors are pessimistic on the Swedish Banks 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 7.6x which is lower than its 3-year average PE of 9.5x.
- The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swedish Financials industry?
| SE Market | -1.31% | |
| Financials | -1.66% | |
| Banks | -1.19% | |
| Regional Banks | 0% | |
| Diversified Banks | -1.19% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.5x.
- Analysts are expecting annual earnings decline of 4.4%, which is lower than the prior year's growth of 34.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.5x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 4.4% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 34% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 4.4% 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 | |
| TFBANK TF Bank | kr175.00 | 4.8% +kr172.0m | 18.7% | PB1.7x |