Nordea Bank Abp (STO:NDA SE) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
Jul 18
Swedish (OMX) Banks Industry Analysis
UpdatedAug 07, 2024
DataAggregated Company Financials
Companies6
- 7D-10.0%
- 3M-4.9%
- 1Y5.5%
- YTD-4.5%
Over the last 7 days, the Banks industry has dropped 8.0%, driven by declines from every company within the industry. In the past year, the industry has gained 5.9%. In the next few years, earnings are forecast to decline by 5.5% 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 |
|---|---|---|---|---|---|---|
| Wed, 07 Aug 2024 | SEK 1.1t | SEK 357.8b | SEK 160.1b | 7x | 7.1x | 3.2x |
| Fri, 05 Jul 2024 | SEK 1.2t | SEK 354.1b | SEK 160.8b | 7.6x | 7.7x | 3.5x |
| Sun, 02 Jun 2024 | SEK 1.2t | SEK 354.7b | SEK 161.1b | 7.4x | 7.5x | 3.4x |
| Tue, 30 Apr 2024 | SEK 1.2t | SEK 358.2b | SEK 162.6b | 7.2x | 7.3x | 3.3x |
| Thu, 28 Mar 2024 | SEK 1.2t | SEK 350.1b | SEK 158.2b | 7.8x | 7.5x | 3.4x |
| Sat, 24 Feb 2024 | SEK 1.3t | SEK 345.7b | SEK 156.6b | 8.1x | 8x | 3.6x |
| Mon, 22 Jan 2024 | SEK 1.2t | SEK 344.7b | SEK 157.0b | 7.6x | 7.5x | 3.4x |
| Wed, 20 Dec 2023 | SEK 1.2t | SEK 341.8b | SEK 155.8b | 7.7x | 7.5x | 3.4x |
| Fri, 17 Nov 2023 | SEK 1.1t | SEK 345.3b | SEK 157.3b | 7x | 6.9x | 3.2x |
| Sun, 15 Oct 2023 | SEK 1.2t | SEK 328.0b | SEK 145.1b | 7.9x | 8x | 3.5x |
| Tue, 12 Sep 2023 | SEK 1.1t | SEK 331.5b | SEK 146.6b | 7.5x | 7.5x | 3.3x |
| Thu, 10 Aug 2023 | SEK 1.1t | SEK 329.8b | SEK 145.9b | 7.5x | 7.6x | 3.4x |
| Sat, 08 Jul 2023 | SEK 1.1t | SEK 308.7b | SEK 131.8b | 8.2x | 8.1x | 3.4x |
| Mon, 05 Jun 2023 | SEK 1.0t | SEK 305.4b | SEK 130.5b | 7.9x | 7.9x | 3.4x |
| Wed, 03 May 2023 | SEK 1.0t | SEK 303.0b | SEK 129.5b | 7.8x | 7.8x | 3.4x |
| Fri, 31 Mar 2023 | SEK 1.0t | SEK 277.8b | SEK 111.9b | 8.9x | 9.3x | 3.7x |
| Sun, 26 Feb 2023 | SEK 1.2t | SEK 275.7b | SEK 111.1b | 10.3x | 11x | 4.4x |
| Tue, 24 Jan 2023 | SEK 1.1t | SEK 256.6b | SEK 104.3b | 10.7x | 10.9x | 4.4x |
| Thu, 22 Dec 2022 | SEK 1.1t | SEK 256.0b | SEK 104.1b | 10x | 10.3x | 4.2x |
| Sat, 19 Nov 2022 | SEK 1.1t | SEK 255.3b | SEK 103.8b | 10.1x | 10.2x | 4.1x |
| Mon, 17 Oct 2022 | SEK 960.0b | SEK 250.1b | SEK 103.0b | 9.3x | 9.3x | 3.8x |
| Wed, 14 Sep 2022 | SEK 987.5b | SEK 246.6b | SEK 101.7b | 9.2x | 9.7x | 4x |
| Fri, 12 Aug 2022 | SEK 966.4b | SEK 242.4b | SEK 100.0b | 9.4x | 9.7x | 4x |
| Sun, 10 Jul 2022 | SEK 928.3b | SEK 244.8b | SEK 102.6b | 9x | 9x | 3.8x |
| Tue, 07 Jun 2022 | SEK 973.7b | SEK 242.8b | SEK 101.9b | 9.6x | 9.6x | 4x |
| Thu, 05 May 2022 | SEK 991.2b | SEK 246.9b | SEK 107.1b | 9.6x | 9.3x | 4x |
| Sat, 02 Apr 2022 | SEK 947.2b | SEK 242.9b | SEK 105.5b | 9.4x | 9x | 3.9x |
| Mon, 28 Feb 2022 | SEK 1.0t | SEK 245.4b | SEK 106.5b | 9.5x | 9.5x | 4.1x |
| Wed, 26 Jan 2022 | SEK 1.1t | SEK 244.0b | SEK 101.2b | 11x | 10.8x | 4.5x |
| Fri, 24 Dec 2021 | SEK 1.1t | SEK 242.4b | SEK 100.6b | 11.4x | 11x | 4.5x |
| Sun, 21 Nov 2021 | SEK 1.2t | SEK 240.5b | SEK 99.9b | 12.2x | 11.6x | 4.8x |
| Tue, 19 Oct 2021 | SEK 1.2t | SEK 233.9b | SEK 94.0b | 12.8x | 12.3x | 4.9x |
| Thu, 16 Sep 2021 | SEK 1.1t | SEK 234.7b | SEK 94.3b | 12.4x | 11.6x | 4.7x |
| Sat, 14 Aug 2021 | SEK 1.1t | SEK 234.7b | SEK 94.3b | 12.2x | 11.5x | 4.6x |
Price to Earnings Ratio
11.5x
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 7.2x which is lower than its 3-year average PE of 9.1x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 19% 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 Market | -7.16% | |
| Financials | -9.02% | |
| Banks | -10.00% | |
| Regional Banks | 0% | |
| Diversified Banks | -10.00% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.1x.
- Analysts are expecting annual earnings decline of 5.5%, which is lower than the prior year's growth of 10.4% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.1x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 5.5% 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 10% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 5.5% 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 | |
|---|---|---|---|---|---|
| No data available | |||||