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Swedish (OMX) Healthcare Sector Analysis

UpdatedMay 15, 2022
DataAggregated Company Financials
Companies225
  • 7D2.5%
  • 3M-18.0%
  • 1Y-19.1%
  • YTD-32.7%

The Healthcare industry is up 2.5% in the last week, with Implantica up 40%. During this same period, the Swedencare underperformed, falling 14%. In the past year, the industry is down 19%. Looking forward, earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

Has the Swedish Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Mon, 16 May 2022kr530.5bkr153.1bkr830.8m43.7x
Wed, 13 Apr 2022kr627.8bkr147.6bkr1.2b44.9x
Fri, 11 Mar 2022kr566.7bkr145.8bkr1.9b39x
Sun, 06 Feb 2022kr644.7bkr143.5bkr3.0b46.9x
Tue, 04 Jan 2022kr774.5bkr143.9bkr3.5b54.9x
Thu, 02 Dec 2021kr758.7bkr143.7bkr3.5b51.2x
Sat, 30 Oct 2021kr755.3bkr140.7bkr3.9b54.9x
Mon, 27 Sep 2021kr774.2bkr140.4bkr4.1b55.5x
Wed, 25 Aug 2021kr742.2bkr140.4bkr4.4b55.6x
Thu, 01 Jul 2021kr658.5bkr140.2bkr4.5b46.8x
Sun, 04 Apr 2021kr528.9bkr135.6bkr2.1b44.7x
Wed, 06 Jan 2021kr514.5bkr134.7bkr1.8b48.6x
Sat, 10 Oct 2020kr509.7bkr133.7bkr2.0b41.2x
Fri, 03 Jul 2020kr412.7bkr131.2bkr1.8b35.9x
Mon, 06 Apr 2020kr333.7bkr130.3bkr3.1b40x
Thu, 09 Jan 2020kr375.1bkr125.4bkr2.9b42.8x
Wed, 02 Oct 2019kr340.3bkr119.4bkr2.5b41.6x
Sat, 06 Jul 2019kr358.9bkr114.7bkr1.4b43x
Median PE Ratio

39.2x


Total Market Cap: kr338.5bTotal Earnings: kr2.4bTotal Revenue: kr110.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthcare Sector Median PE3Y Average 44.5x202020212022
Current Industry PE
  • Investors are relatively neutral on the 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 44.5x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 30% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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 decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Healthcare sector?

SE Market-1.98%
Healthcare2.52%
Healthtech6.99%
Life Sciences5.03%
Healthcare Services4.50%
Biotech2.54%
Medical Equipment2.17%
Pharma-2.59%
Industry PE
  • Investors are most optimistic about the Healthtech industry even though it's trading below its 3-year average PE ratio of 89.3x.
  • Analysts are expecting annual earnings growth of 24%, which is higher than its past year's earnings decline of 21% per year.
  • Investors are most pessimistic about the Healthcare Services industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 22.2x.
Forecasted Growth
  • Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 36% over the next 5 years.
  • However this is lower than its past earnings growth rate of 64% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 20% 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
IMP A SDB Implanticakr50.0040.1%
+kr4.0b
-50.6%PS2699.5x
SOBI Swedish Orphan Biovitrumkr210.604.8%
+kr2.9b
44.8%PS24.6x
EKTA B Elektakr71.2810.5%
+kr2.6b
-36.8%PS25.2x
VITR Vitrolifekr231.607.1%
+kr2.1b
-25.0%PS102.8x
MCOV B Medicoverkr168.606.7%
+kr1.6b
-23.2%PS27.1x
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