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Nov 22
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Swedish (OMX) Banks Industry Analysis
UpdatedDec 02, 2024
DataAggregated Company Financials
Companies5
- 7D1.5%
- 3M0.6%
- 1Y14.4%
- YTD5.8%
Over the last 7 days, the Banks industry has risen 1.5%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are forecast to decline by 6.8% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 02 Dec 2024 | SEK 790.7b | SEK 221.6b | SEK 100.2b | 8.3x | 7.9x | 3.6x |
| Wed, 30 Oct 2024 | SEK 799.7b | SEK 221.6b | SEK 100.2b | 8.2x | 8x | 3.6x |
| Fri, 27 Sep 2024 | SEK 1.2t | SEK 355.3b | SEK 159.1b | 7.5x | 7.6x | 3.4x |
| Sun, 25 Aug 2024 | SEK 1.2t | SEK 356.4b | SEK 159.5b | 7.4x | 7.6x | 3.4x |
| Tue, 23 Jul 2024 | SEK 1.3t | SEK 359.7b | SEK 160.9b | 7.6x | 7.8x | 3.5x |
| Thu, 20 Jun 2024 | SEK 1.2t | SEK 352.3b | SEK 160.0b | 7.5x | 7.5x | 3.4x |
| Sat, 18 May 2024 | SEK 1.2t | SEK 357.4b | SEK 162.2b | 7.4x | 7.6x | 3.5x |
| Mon, 15 Apr 2024 | SEK 1.2t | SEK 351.3b | SEK 158.7b | 7.7x | 7.6x | 3.5x |
| Wed, 13 Mar 2024 | SEK 1.3t | SEK 346.4b | SEK 156.6b | 8.3x | 8.2x | 3.7x |
| Fri, 09 Feb 2024 | SEK 1.2t | SEK 347.1b | SEK 157.1b | 7.8x | 7.7x | 3.5x |
| Sun, 07 Jan 2024 | SEK 1.2t | SEK 342.6b | SEK 156.1b | 8x | 7.8x | 3.5x |
| Tue, 05 Dec 2023 | SEK 1.1t | SEK 343.5b | SEK 156.5b | 7.2x | 7.1x | 3.2x |
| Thu, 02 Nov 2023 | SEK 1.1t | SEK 349.6b | SEK 159.2b | 6.9x | 6.8x | 3.1x |
| Sat, 30 Sep 2023 | SEK 1.1t | SEK 327.4b | SEK 144.9b | 7.8x | 7.8x | 3.5x |
| Mon, 28 Aug 2023 | SEK 1.1t | SEK 331.9b | SEK 146.8b | 7.3x | 7.4x | 3.3x |
| Wed, 26 Jul 2023 | SEK 1.1t | SEK 326.7b | SEK 144.6b | 7.7x | 7.7x | 3.4x |
| Fri, 23 Jun 2023 | SEK 1.0t | SEK 307.1b | SEK 131.2b | 7.9x | 7.8x | 3.4x |
| Sun, 21 May 2023 | SEK 1.0t | SEK 303.4b | SEK 129.6b | 7.7x | 7.8x | 3.3x |
| Tue, 18 Apr 2023 | SEK 1.1t | SEK 278.0b | SEK 112.0b | 9x | 9.4x | 3.8x |
| Thu, 16 Mar 2023 | SEK 1.1t | SEK 276.8b | SEK 111.5b | 9x | 9.6x | 3.9x |
| Sat, 11 Feb 2023 | SEK 1.1t | SEK 276.4b | SEK 111.4b | 10x | 10.3x | 4.1x |
| Mon, 09 Jan 2023 | SEK 1.1t | SEK 257.2b | SEK 104.5b | 10.5x | 10.7x | 4.4x |
| Wed, 07 Dec 2022 | SEK 1.1t | SEK 254.6b | SEK 103.5b | 9.9x | 10.2x | 4.1x |
| Fri, 04 Nov 2022 | SEK 1.0t | SEK 254.4b | SEK 103.5b | 9.9x | 10x | 4.1x |
| Sun, 02 Oct 2022 | SEK 946.1b | SEK 249.0b | SEK 102.6b | 9.1x | 9.2x | 3.8x |
| Tue, 30 Aug 2022 | SEK 934.1b | SEK 246.9b | SEK 101.8b | 8.8x | 9.2x | 3.8x |
| Thu, 28 Jul 2022 | SEK 939.8b | SEK 243.2b | SEK 100.3b | 9.1x | 9.4x | 3.9x |
| Sat, 25 Jun 2022 | SEK 897.6b | SEK 244.7b | SEK 102.6b | 8.5x | 8.7x | 3.7x |
| Mon, 23 May 2022 | SEK 973.8b | SEK 243.2b | SEK 102.0b | 9.8x | 9.5x | 4x |
| Wed, 20 Apr 2022 | SEK 982.7b | SEK 243.4b | SEK 105.4b | 9.8x | 9.3x | 4x |
| Fri, 18 Mar 2022 | SEK 1.0t | SEK 243.8b | SEK 105.9b | 9.7x | 9.5x | 4.1x |
| Sun, 13 Feb 2022 | SEK 1.1t | SEK 244.9b | SEK 106.3b | 10.5x | 10.4x | 4.5x |
| Tue, 11 Jan 2022 | SEK 1.1t | SEK 242.6b | SEK 100.7b | 11.7x | 11.3x | 4.7x |
| Thu, 09 Dec 2021 | SEK 1.1t | SEK 242.0b | SEK 100.4b | 11.9x | 11.2x | 4.7x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are relatively neutral on the Swedish Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.7x.
- The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 2.9% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the Swedish Financials industry?
| SE Market | 0.49% | |
| Financials | 1.11% | |
| Banks | 1.54% | |
| Diversified Banks | 1.54% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.7x.
- Analysts are expecting annual earnings decline of 6.8%, which is lower than the prior year's growth of 0.2% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 8.7x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 6.8% 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 0.2% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 6.8% 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 | |
|---|---|---|---|---|---|
| SHB A Svenska Handelsbanken | SEK 113.50 | 2.3% +SEK 5.0b | 13.7% | PB1.1x | |
| SWED A Swedbank | SEK 213.80 | 1.7% +SEK 3.9b | 9.2% | PB1.2x | |
| SEB A Skandinaviska Enskilda Banken | SEK 151.50 | 0.6% +SEK 1.9b | 18.4% | PB1.4x | |
| TFBANK TF Bank | SEK 347.00 | 10.5% +SEK 709.5m | 131.3% | PB3x | |
| NORION Norion Bank | SEK 39.35 | 4.2% +SEK 328.6m | 0.8% | PB0.9x |