Earnings Not Telling The Story For Nordnet AB (publ) (STO:SAVE)
May 24
Swedish (OMX) Capital Markets Industry Analysis
UpdatedJun 13, 2024
DataAggregated Company Financials
Companies46
- 7D1.9%
- 3M3.8%
- 1Y41.2%
- YTD20.6%
Over the last 7 days, the Capital Markets industry has dropped 1.1%, driven by a pullback from EQT of 4.2%. Over the past 12 months, the industry was up 34%. Earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Swedish Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 13 Jun 2024 | kr532.6b | kr79.5b | -kr10,338,364,063.74 | 29.3x | -51.5x | 6.7x |
| Sat, 11 May 2024 | kr544.2b | kr79.2b | kr6.6b | 20.5x | 83x | 6.9x |
| Mon, 08 Apr 2024 | kr553.8b | kr80.9b | kr6.8b | 14.6x | 81.1x | 6.8x |
| Wed, 06 Mar 2024 | kr509.2b | kr79.9b | kr6.2b | 16.2x | 82.2x | 6.4x |
| Fri, 02 Feb 2024 | kr470.7b | kr79.4b | kr19.3b | 17.3x | 24.4x | 5.9x |
| Sun, 31 Dec 2023 | kr499.9b | kr75.5b | kr17.2b | 18.6x | 29x | 6.6x |
| Tue, 28 Nov 2023 | kr426.5b | kr76.1b | kr17.4b | 16.3x | 24.5x | 5.6x |
| Thu, 26 Oct 2023 | kr358.1b | kr74.7b | kr15.5b | 15.5x | 23.1x | 4.8x |
| Sat, 23 Sep 2023 | kr390.1b | kr73.9b | kr15.3b | 17x | 25.5x | 5.3x |
| Mon, 21 Aug 2023 | kr395.3b | kr73.1b | kr15.6b | 17.4x | 25.4x | 5.4x |
| Wed, 19 Jul 2023 | kr379.2b | kr66.5b | kr7.6b | 18.3x | 50x | 5.7x |
| Fri, 16 Jun 2023 | kr367.8b | kr63.7b | kr10.5b | 20.4x | 35x | 5.8x |
| Sun, 14 May 2023 | kr356.1b | kr63.3b | kr13.6b | 21.6x | 26.1x | 5.6x |
| Tue, 11 Apr 2023 | kr318.6b | kr58.2b | kr11.7b | 21.8x | 27.1x | 5.5x |
| Thu, 09 Mar 2023 | kr357.6b | kr58.0b | kr11.5b | 23.4x | 31x | 6.2x |
| Sat, 04 Feb 2023 | kr391.4b | kr55.2b | -kr1,290,936,659.00 | 16.5x | -303.2x | 7.1x |
| Mon, 02 Jan 2023 | kr329.9b | kr56.3b | kr5.5b | 6.7x | 60.5x | 5.9x |
| Wed, 30 Nov 2022 | kr349.8b | kr56.0b | kr5.2b | 7.4x | 66.7x | 6.2x |
| Fri, 28 Oct 2022 | kr333.5b | kr56.0b | kr20.4b | 6.9x | 16.3x | 6x |
| Sun, 25 Sep 2022 | kr276.2b | kr53.8b | kr21.0b | 6.5x | 13.2x | 5.1x |
| Tue, 23 Aug 2022 | kr314.5b | kr53.3b | kr21.1b | 7.8x | 14.9x | 5.9x |
| Thu, 21 Jul 2022 | kr317.2b | kr55.3b | kr13.0b | 8.3x | 24.4x | 5.7x |
| Sat, 18 Jun 2022 | kr302.7b | kr55.8b | kr14.8b | 7.5x | 20.5x | 5.4x |
| Mon, 16 May 2022 | kr367.5b | kr55.7b | kr15.0b | 7.3x | 24.4x | 6.6x |
| Wed, 13 Apr 2022 | kr475.8b | kr59.7b | -kr3,730,145,230.00 | 8x | -127.6x | 8x |
| Fri, 11 Mar 2022 | kr389.6b | kr63.7b | -kr707,040,153.00 | 7.3x | -551x | 6.1x |
| Sun, 06 Feb 2022 | kr482.1b | kr57.7b | -kr14,820,276,582.00 | 14.3x | -32.5x | 8.4x |
| Tue, 04 Jan 2022 | kr650.6b | kr55.7b | -kr14,500,287,044.00 | 20.9x | -44.9x | 11.7x |
| Thu, 02 Dec 2021 | kr733.0b | kr55.3b | -kr13,977,627,252.00 | 17.1x | -52.4x | 13.2x |
| Sat, 30 Oct 2021 | kr645.9b | kr56.2b | -kr7,880,105,717.00 | 10.1x | -82x | 11.5x |
| Mon, 27 Sep 2021 | kr567.3b | kr54.2b | -kr8,882,852,327.00 | 11.5x | -63.9x | 10.5x |
| Wed, 25 Aug 2021 | kr581.2b | kr54.1b | -kr8,865,723,524.61 | 12.5x | -65.6x | 10.7x |
| Thu, 01 Jul 2021 | kr440.3b | kr54.1b | -kr8,857,631,266.61 | 10.7x | -49.7x | 8.1x |
Price to Earnings Ratio
-49.7x
Current Industry PE
- Investors are relatively neutral on the Swedish Capital Markets 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 PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Swedish Financials industry?
| SE Market | 0.90% | |
| Financials | 1.93% | |
| Capital Markets | 1.89% | |
| Investment Banking and Brokerage | 4.45% | |
| Asset Management | 1.36% | |
| Diversified Capital Markets | 0% | |
| Financial Exchanges and Data | -9.09% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average PE ratio of 21.1x.
- Analysts are expecting annual earnings growth of 4.8%, which is lower than the prior year's growth of 18.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 4.8% 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 | |
|---|---|---|---|---|---|
| EQT EQT | kr329.40 | 1.4% +kr5.4b | 48.2% | PE249.4x | |
| SAVE Nordnet | kr223.00 | 7.2% +kr3.8b | 42.0% | PE22.2x | |
| BURE Bure Equity | kr379.80 | 2.8% +kr756.3m | 45.6% | PE5.3x | |
| AZA Avanza Bank Holding | kr276.00 | 1.4% +kr581.8m | 26.4% | PE21.3x | |
| LINC Linc | kr97.80 | 8.2% +kr428.5m | 40.3% | PE14.1x |
