Is Now The Time To Look At Buying MilDef Group AB (publ) (STO:MILDEF)?
Apr 19
Swedish (OMX) Aerospace and Defense Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies9
- 7D-4.7%
- 3M31.0%
- 1Y42.2%
- YTDn/a
Over the last 7 days, the Aerospace and Defense industry has dropped 4.7%, driven by Saab declining 5.1%. Over the past 12 months, the industry was up 42%. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the Swedish Aerospace and Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | kr139.5b | kr55.3b | kr3.6b | 38.2x | 39.1x | 2.5x |
| Fri, 22 Mar 2024 | kr141.9b | kr55.3b | kr3.6b | 42.4x | 39.7x | 2.6x |
| Sun, 18 Feb 2024 | kr123.9b | kr55.3b | kr3.5b | 37.9x | 35x | 2.2x |
| Tue, 16 Jan 2024 | kr107.6b | kr52.9b | kr3.4b | 39.3x | 31.5x | 2x |
| Thu, 14 Dec 2023 | kr90.7b | kr52.9b | kr3.4b | 35.3x | 26.6x | 1.7x |
| Sat, 11 Nov 2023 | kr89.9b | kr52.8b | kr3.3b | 36.1x | 27.1x | 1.7x |
| Mon, 09 Oct 2023 | kr85.9b | kr49.8b | kr2.9b | 38.4x | 29.2x | 1.7x |
| Wed, 06 Sep 2023 | kr95.0b | kr49.8b | kr2.9b | 41.1x | 32.3x | 1.9x |
| Fri, 04 Aug 2023 | kr91.2b | kr49.8b | kr2.9b | 42x | 30.9x | 1.8x |
| Sun, 02 Jul 2023 | kr94.5b | kr47.1b | kr2.5b | 47.3x | 37.6x | 2x |
| Tue, 30 May 2023 | kr96.5b | kr47.1b | kr2.5b | 49.1x | 38.4x | 2x |
| Thu, 27 Apr 2023 | kr95.9b | kr44.4b | kr2.1b | 59.8x | 46.5x | 2.2x |
| Sat, 25 Mar 2023 | kr97.6b | kr44.4b | kr2.1b | 53x | 47.5x | 2.2x |
| Mon, 20 Feb 2023 | kr86.8b | kr44.4b | kr2.1b | 61.4x | 42.1x | 2x |
| Wed, 18 Jan 2023 | kr71.7b | kr42.2b | kr1.7b | 59.2x | 42x | 1.7x |
| Fri, 16 Dec 2022 | kr68.8b | kr42.2b | kr1.7b | 57.6x | 40.3x | 1.6x |
| Sun, 13 Nov 2022 | kr61.1b | kr42.2b | kr1.8b | 57.2x | 33.6x | 1.4x |
| Tue, 11 Oct 2022 | kr59.0b | kr41.4b | kr1.8b | 62.3x | 33.4x | 1.4x |
| Thu, 08 Sep 2022 | kr60.9b | kr41.4b | kr1.8b | 67.6x | 34.4x | 1.5x |
| Sat, 06 Aug 2022 | kr62.0b | kr41.4b | kr1.8b | 72.9x | 35.1x | 1.5x |
| Mon, 04 Jul 2022 | kr67.9b | kr41.3b | kr1.9b | 95.6x | 36.1x | 1.6x |
| Wed, 01 Jun 2022 | kr69.2b | kr41.3b | kr1.9b | 102.3x | 36.8x | 1.7x |
| Fri, 29 Apr 2022 | kr69.4b | kr41.1b | kr1.8b | 108.7x | 37.5x | 1.7x |
| Sun, 27 Mar 2022 | kr60.9b | kr41.0b | kr1.9b | 103x | 32.3x | 1.5x |
| Tue, 22 Feb 2022 | kr39.3b | kr41.0b | kr1.9b | 99.9x | 20.8x | 1x |
| Thu, 20 Jan 2022 | kr42.9b | kr41.5b | kr1.8b | 50x | 23.8x | 1x |
| Sat, 18 Dec 2021 | kr41.8b | kr41.4b | kr1.8b | 106x | 23.4x | 1x |
| Mon, 15 Nov 2021 | kr46.2b | kr41.4b | kr1.8b | 116.8x | 25.5x | 1.1x |
| Wed, 13 Oct 2021 | kr46.4b | kr39.4b | kr1.1b | 97.5x | 40.6x | 1.2x |
| Fri, 10 Sep 2021 | kr46.7b | kr39.4b | kr1.1b | 105.9x | 40.9x | 1.2x |
| Sun, 08 Aug 2021 | kr48.6b | kr39.4b | kr1.1b | 103.1x | 42.6x | 1.2x |
| Sat, 01 May 2021 | kr45.3b | kr37.6b | kr1.1b | 143.8x | 40.7x | 1.2x |
Price to Earnings Ratio
40.7x
Current Industry PE
- Investors are optimistic on the Swedish Aerospace and Defense industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 39.1x which is higher than its 3-year average PE of 35.2x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Aerospace and Defense industry have grown 48% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Swedish Aerospace and Defense compare with similar industries?
| SE Market | -1.61% | |
| Industrials | -2.54% | |
| Aerospace & Defense | -4.65% | |
| Aerospace and Defense | -4.65% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SAAB B Saab | kr928.00 | 0.9% +kr1.1b | 55.5% | PE36.6x | |
| AVT B AVTECH Sweden | kr5.70 | 12.2% +kr35.0m | 50.0% | PE35.8x |
