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Swedish (OMX) Banks Industry Analysis

UpdatedJul 17, 2024
DataAggregated Company Financials
Companies6
  • 7D1.4%
  • 3M1.4%
  • 1Y11.9%
  • YTD1.5%

The Banks is pretty flat in the last 7 days, but Skandinaviska Enskilda Banken has stood out, gaining 4.7%. The past year has been better, since the industry has gained 12% in that time. Looking forward, earnings are forecast to decline by 6.0% per year.

Industry Valuation and Performance

Has the Swedish Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jul 2024SEK 1.2tSEK 356.9bSEK 161.4b7.3x7.5x3.4x
Fri, 14 Jun 2024SEK 1.2tSEK 352.7bSEK 160.2b7.5x7.7x3.5x
Sun, 12 May 2024SEK 1.2tSEK 357.7bSEK 162.4b7.4x7.6x3.5x
Tue, 09 Apr 2024SEK 1.2tSEK 349.8bSEK 158.0b7.8x7.7x3.5x
Thu, 07 Mar 2024SEK 1.3tSEK 346.8bSEK 156.8b8.2x8.2x3.7x
Sat, 03 Feb 2024SEK 1.2tSEK 347.1bSEK 158.5b8x7.8x3.6x
Mon, 01 Jan 2024SEK 1.2tSEK 341.5bSEK 155.6b7.8x7.6x3.5x
Wed, 29 Nov 2023SEK 1.1tSEK 344.1bSEK 156.8b7.1x7x3.2x
Fri, 27 Oct 2023SEK 1.1tSEK 344.1bSEK 155.4b6.9x6.9x3.1x
Sun, 24 Sep 2023SEK 1.1tSEK 331.0bSEK 146.4b7.8x7.9x3.5x
Tue, 22 Aug 2023SEK 1.1tSEK 331.8bSEK 146.8b7.4x7.5x3.3x
Thu, 20 Jul 2023SEK 1.1tSEK 327.1bSEK 144.8b7.4x7.5x3.3x
Sat, 17 Jun 2023SEK 1.1tSEK 306.2bSEK 130.8b8.3x8.2x3.5x
Mon, 15 May 2023SEK 992.5bSEK 302.3bSEK 129.2b7.7x7.7x3.3x
Wed, 12 Apr 2023SEK 1.0tSEK 278.9bSEK 112.3b8.8x9.2x3.7x
Fri, 10 Mar 2023SEK 1.2tSEK 278.0bSEK 112.0b10.1x10.9x4.4x
Sun, 05 Feb 2023SEK 1.2tSEK 274.9bSEK 111.5b10.8x10.6x4.3x
Tue, 03 Jan 2023SEK 1.1tSEK 256.8bSEK 104.4b10.3x10.5x4.3x
Thu, 01 Dec 2022SEK 1.1tSEK 255.0bSEK 103.7b10.1x10.3x4.2x
Sat, 29 Oct 2022SEK 1.0tSEK 254.6bSEK 103.6b9.9x10.1x4.1x
Mon, 26 Sep 2022SEK 982.1bSEK 249.5bSEK 102.7b9.2x9.6x3.9x
Wed, 24 Aug 2022SEK 955.8bSEK 246.2bSEK 101.6b9x9.4x3.9x
Fri, 22 Jul 2022SEK 938.1bSEK 242.9bSEK 100.1b9.1x9.4x3.9x
Sun, 19 Jun 2022SEK 914.5bSEK 244.6bSEK 102.5b8.7x8.9x3.7x
Tue, 17 May 2022SEK 982.9bSEK 243.0bSEK 101.9b9.8x9.6x4x
Thu, 14 Apr 2022SEK 975.3bSEK 242.7bSEK 105.4b9.6x9.3x4x
Sat, 12 Mar 2022SEK 957.1bSEK 245.6bSEK 106.6b9.2x9x3.9x
Mon, 07 Feb 2022SEK 1.1tSEK 246.7bSEK 105.7b10.6x10.2x4.4x
Wed, 05 Jan 2022SEK 1.1tSEK 242.2bSEK 100.5b11.9x11.4x4.7x
Fri, 03 Dec 2021SEK 1.1tSEK 241.7bSEK 100.3b11.9x11.3x4.7x
Sun, 31 Oct 2021SEK 1.1tSEK 239.0bSEK 99.3b12x11.4x4.7x
Tue, 28 Sep 2021SEK 1.1tSEK 235.1bSEK 94.4b12.7x12x4.8x
Thu, 26 Aug 2021SEK 1.1tSEK 234.7bSEK 94.3b12x11.3x4.5x
Price to Earnings Ratio

11.3x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 94.3bTotal Revenue: SEK 234.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Banks Industry Price to Earnings3Y Average 9.2x202220232024
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 7.5x which is lower than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market2.99%
Financials2.61%
Banks1.44%
Diversified Banks1.44%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.2x.
    • Analysts are expecting annual earnings decline of 6.0%, which is lower than the prior year's growth of 19.9% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 6.0% 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 20% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 6.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SEB A Skandinaviska Enskilda BankenSEK 160.204.7%
+SEK 13.4b		29.1%PB1.6x
SHB A Svenska HandelsbankenSEK 102.052.1%
+SEK 4.1b		9.3%PB1.1x
SWED A SwedbankSEK 213.801.1%
+SEK 2.7b		10.6%PB1.3x
TFBANK TF BankSEK 253.005.9%
+SEK 301.0m		52.4%PB2.3x
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Latest News

TFBANK

SEK 253.00

TF Bank

7D

5.9%

1Y

52.4%

NDA SE

SEK 121.45

Nordea Bank Abp

7D

-0.9%

1Y

2.9%

NORION

SEK 40.55

Norion Bank

7D

-6.6%

1Y

16.0%

SHB A

SEK 102.05

Svenska Handelsbanken

7D

2.1%

1Y

9.3%

SWED A

SEK 213.80

Swedbank

7D

1.1%

1Y

10.6%

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Apr 28
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SEB A

SEK 160.20

Skandinaviska Enskilda Banken

7D

4.7%

1Y

29.1%

Skandinaviska Enskilda Banken AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Apr 27
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