ASSA ABLOY (STO:ASSA B) Has Announced That It Will Be Increasing Its Dividend To SEK2.70
Apr 19
Swedish (OMX) Industrials Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies175
- 7D-2.5%
- 3M8.6%
- 1Y11.4%
- YTD4.8%
Over the last 7 days, the Industrials industry has dropped 2.5%, driven by a pullback from Atlas Copco of 3.6%. On the other hand AQ Group is actually up 9.6%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 9.3% annually.
Sector Valuation and Performance
Has the Swedish Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | kr4.1t | kr2.5t | kr192.7b | 21.3x | 21.5x | 1.6x |
| Thu, 21 Mar 2024 | kr4.3t | kr2.5t | kr192.1b | 21.7x | 22.2x | 1.7x |
| Sat, 17 Feb 2024 | kr4.0t | kr2.5t | kr193.1b | 22.7x | 20.9x | 1.6x |
| Mon, 15 Jan 2024 | kr3.9t | kr2.5t | kr182.0b | 20.8x | 21.3x | 1.6x |
| Wed, 13 Dec 2023 | kr3.8t | kr2.5t | kr182.2b | 18.9x | 21.1x | 1.5x |
| Fri, 10 Nov 2023 | kr3.5t | kr2.5t | kr180.8b | 17x | 19.4x | 1.4x |
| Sun, 08 Oct 2023 | kr3.5t | kr2.4t | kr176.1b | 17.3x | 19.7x | 1.4x |
| Tue, 05 Sep 2023 | kr3.6t | kr2.4t | kr176.1b | 18.6x | 20.3x | 1.5x |
| Thu, 03 Aug 2023 | kr3.7t | kr2.4t | kr174.7b | 19.1x | 21.1x | 1.5x |
| Sat, 01 Jul 2023 | kr3.8t | kr2.4t | kr167.9b | 18.9x | 22.5x | 1.6x |
| Mon, 29 May 2023 | kr3.8t | kr2.4t | kr167.5b | 18.7x | 22.4x | 1.6x |
| Wed, 26 Apr 2023 | kr3.7t | kr2.3t | kr162.7b | 20.2x | 22.7x | 1.6x |
| Fri, 24 Mar 2023 | kr3.6t | kr2.2t | kr156.2b | 19.3x | 22.8x | 1.6x |
| Sun, 19 Feb 2023 | kr3.7t | kr2.2t | kr156.5b | 20.2x | 23.5x | 1.6x |
| Tue, 17 Jan 2023 | kr3.6t | kr2.2t | kr162.6b | 18.6x | 22x | 1.7x |
| Thu, 15 Dec 2022 | kr3.5t | kr2.2t | kr162.6b | 17.9x | 21.4x | 1.6x |
| Sat, 12 Nov 2022 | kr3.4t | kr2.1t | kr161.6b | 18.7x | 21.3x | 1.6x |
| Mon, 10 Oct 2022 | kr2.9t | kr2.0t | kr158.9b | 17.1x | 18.1x | 1.4x |
| Wed, 07 Sep 2022 | kr3.1t | kr2.0t | kr158.9b | 18x | 19.2x | 1.5x |
| Fri, 05 Aug 2022 | kr3.3t | kr2.0t | kr158.2b | 20.1x | 21.2x | 1.7x |
| Sun, 03 Jul 2022 | kr2.9t | kr1.9t | kr157.5b | 19.1x | 18.4x | 1.5x |
| Tue, 31 May 2022 | kr3.3t | kr1.9t | kr150.0b | 20.2x | 22.2x | 1.7x |
| Thu, 28 Apr 2022 | kr3.4t | kr1.9t | kr149.1b | 23.2x | 22.7x | 1.8x |
| Sat, 26 Mar 2022 | kr3.5t | kr1.9t | kr148.6b | 23.8x | 23.6x | 1.9x |
| Mon, 21 Feb 2022 | kr3.6t | kr1.8t | kr148.7b | 23.4x | 24.2x | 2x |
| Wed, 19 Jan 2022 | kr3.9t | kr1.8t | kr144.9b | 24.5x | 27.3x | 2.2x |
| Fri, 17 Dec 2021 | kr4.1t | kr1.8t | kr144.8b | 26.6x | 28.4x | 2.3x |
| Sun, 14 Nov 2021 | kr4.2t | kr1.8t | kr142.9b | 26.7x | 29.4x | 2.3x |
| Tue, 12 Oct 2021 | kr3.6t | kr1.7t | kr134.5b | 26.5x | 27x | 2.1x |
| Thu, 09 Sep 2021 | kr3.9t | kr1.7t | kr133.9b | 27.4x | 28.9x | 2.3x |
| Sat, 07 Aug 2021 | kr3.9t | kr1.7t | kr133.9b | 27x | 29.2x | 2.3x |
| Fri, 30 Apr 2021 | kr3.4t | kr1.6t | kr113.5b | 28x | 30.3x | 2.1x |
Price to Earnings Ratio
30.3x
Current Industry PE
- Investors are relatively neutral on the Swedish Industrials 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 23.2x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Industrials 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 Industrials sector?
| SE Market | -1.61% | |
| Industrials | -2.54% | |
| Transportation | 7.05% | |
| Electrical | 2.03% | |
| Airlines | 0% | |
| Infrastructure | -0.78% | |
| Marine and Shipping | -1.06% | |
| Industrials | -1.98% | |
| Building | -2.07% | |
| Machinery | -2.54% | |
| Construction | -2.57% | |
| Commercial Services | -2.61% | |
| Professional Services | -3.31% | |
| Trade Distributors | -3.96% | |
| Aerospace & Defense | -4.65% | |
| Logistics | -7.31% | |
Industry PE
- Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 35.2x.
- Analysts are expecting annual earnings growth of 20.9%, which is lower than the prior year's growth of 54.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings growth rate of 0.5% per year.
- In contrast, the Machinery industry is expected to see its earnings grow by 6.8% 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 | |
|---|---|---|---|---|---|
| AQ AQ Group | kr584.00 | 9.6% +kr933.0m | 39.9% | PE16.2x | |
| SVED BTA B Svedbergs Group | kr36.30 | 2.8% +kr676.2m | n/a | PE13.8x | |
| SECU B Securitas | kr111.40 | 1.0% +kr601.6m | 22.4% | PE49.7x | |
| STOR B Storskogen Group | kr5.85 | 6.4% +kr590.1m | -34.3% | PE12.7x | |
| VBG B VBG Group | kr345.00 | 6.8% +kr550.1m | 93.6% | PE15.2x |
