Swedbank AB (publ) Just Recorded A 10% EPS Beat: Here's What Analysts Are Forecasting Next
Jul 19
Swedish (OMX) Banks Industry Analysis
UpdatedJul 21, 2024
DataAggregated Company Financials
Companies6
- 7D-0.2%
- 3M0.5%
- 1Y13.9%
- YTD3.3%
Last week, the Banks industry hasn't moved much but Svenska Handelsbanken is up 3.6% in that time. As for the the longer term, the industry is up 14% over the past 12 months. Looking forward, earnings are forecast to decline by 5.3% per year.
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 |
|---|---|---|---|---|---|---|
| Sun, 21 Jul 2024 | SEK 1.2t | SEK 359.1b | SEK 160.7b | 7.5x | 7.7x | 3.4x |
| Tue, 18 Jun 2024 | SEK 1.2t | SEK 352.7b | SEK 160.2b | 7.5x | 7.6x | 3.4x |
| Thu, 16 May 2024 | SEK 1.2t | SEK 356.9b | SEK 162.0b | 7.4x | 7.6x | 3.4x |
| Sat, 13 Apr 2024 | SEK 1.2t | SEK 351.3b | SEK 158.7b | 7.7x | 7.6x | 3.5x |
| Mon, 11 Mar 2024 | SEK 1.3t | SEK 346.5b | SEK 156.6b | 8.3x | 8.2x | 3.7x |
| Wed, 07 Feb 2024 | SEK 1.2t | SEK 346.8b | SEK 158.4b | 7.7x | 7.6x | 3.5x |
| Fri, 05 Jan 2024 | SEK 1.2t | SEK 342.1b | SEK 155.9b | 8x | 7.8x | 3.6x |
| Sun, 03 Dec 2023 | SEK 1.1t | SEK 343.2b | SEK 156.4b | 7.2x | 7.1x | 3.2x |
| Tue, 31 Oct 2023 | SEK 1.1t | SEK 349.6b | SEK 159.1b | 6.9x | 6.7x | 3.1x |
| Thu, 28 Sep 2023 | SEK 1.1t | SEK 328.2b | SEK 145.2b | 7.7x | 7.7x | 3.4x |
| Sat, 26 Aug 2023 | SEK 1.1t | SEK 332.0b | SEK 146.8b | 7.3x | 7.4x | 3.3x |
| Mon, 24 Jul 2023 | SEK 1.1t | SEK 327.7b | SEK 145.0b | 7.5x | 7.6x | 3.3x |
| Wed, 21 Jun 2023 | SEK 1.1t | SEK 307.8b | SEK 131.4b | 8.2x | 8.1x | 3.5x |
| Fri, 19 May 2023 | SEK 1.0t | SEK 303.4b | SEK 129.6b | 7.7x | 7.7x | 3.3x |
| Sun, 16 Apr 2023 | SEK 1.1t | SEK 278.4b | SEK 112.1b | 9.1x | 9.5x | 3.8x |
| Tue, 14 Mar 2023 | SEK 1.1t | SEK 278.5b | SEK 112.2b | 9.4x | 10x | 4x |
| Thu, 09 Feb 2023 | SEK 1.2t | SEK 275.0b | SEK 111.1b | 10.2x | 10.5x | 4.2x |
| Sat, 07 Jan 2023 | SEK 1.1t | SEK 257.2b | SEK 104.5b | 10.5x | 10.7x | 4.4x |
| Mon, 05 Dec 2022 | SEK 1.1t | SEK 254.4b | SEK 103.5b | 10.1x | 10.3x | 4.2x |
| Wed, 02 Nov 2022 | SEK 1.0t | SEK 254.5b | SEK 103.5b | 9.8x | 9.9x | 4x |
| Fri, 30 Sep 2022 | SEK 932.0b | SEK 249.5b | SEK 102.7b | 8.9x | 9.1x | 3.7x |
| Sun, 28 Aug 2022 | SEK 951.3b | SEK 246.4b | SEK 101.6b | 8.9x | 9.4x | 3.9x |
| Tue, 26 Jul 2022 | SEK 932.5b | SEK 242.8b | SEK 100.1b | 9x | 9.3x | 3.8x |
| Thu, 23 Jun 2022 | SEK 919.1b | SEK 244.5b | SEK 102.5b | 8.7x | 9x | 3.8x |
| Sat, 21 May 2022 | SEK 973.9b | SEK 243.2b | SEK 102.0b | 9.8x | 9.5x | 4x |
| Mon, 18 Apr 2022 | SEK 976.0b | SEK 243.6b | SEK 105.5b | 9.6x | 9.3x | 4x |
| Wed, 16 Mar 2022 | SEK 987.6b | SEK 244.9b | SEK 106.3b | 9.4x | 9.3x | 4x |
| Fri, 11 Feb 2022 | SEK 1.1t | SEK 245.1b | SEK 106.4b | 10.5x | 10.4x | 4.5x |
| Sun, 09 Jan 2022 | SEK 1.1t | SEK 242.3b | SEK 100.6b | 11.8x | 11.4x | 4.7x |
| Tue, 07 Dec 2021 | SEK 1.1t | SEK 242.0b | SEK 100.5b | 12x | 11.4x | 4.7x |
| Thu, 04 Nov 2021 | SEK 1.2t | SEK 238.8b | SEK 99.2b | 12.4x | 11.7x | 4.9x |
| Sat, 02 Oct 2021 | SEK 1.1t | SEK 234.9b | SEK 94.3b | 12.7x | 12x | 4.8x |
| Mon, 30 Aug 2021 | SEK 1.1t | SEK 234.7b | SEK 94.3b | 11.9x | 11.3x | 4.5x |
Price to Earnings Ratio
11.4x
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 7.7x 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 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 | -1.84% | |
| Financials | -1.09% | |
| Banks | -0.24% | |
| Regional Banks | 0% | |
| Diversified Banks | -0.24% | |
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 5.3%, 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 9.2x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 5.3% 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 5.3% 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 106.95 | 3.6% +SEK 7.3b | 18.0% | PB1.1x | |
| SEB A Skandinaviska Enskilda Banken | SEK 160.90 | 1.1% +SEK 2.3b | 28.6% | PB1.5x | |
| TFBANK TF Bank | SEK 260.00 | 3.6% +SEK 193.5m | 61.5% | PB2.3x |
