Results: Sdiptech AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates
Apr 28
Swedish (OMX) Commercial Services Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies22
- 7D-1.5%
- 3M1.3%
- 1Y0.3%
- YTD2.8%
Over the last 7 days, the Commercial Services industry has dropped 1.5%, driven by Securitas declining 3.6%. In contrast, Norva24 Group has gained 11%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the Swedish Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | kr133.8b | kr276.3b | kr4.8b | 21.6x | 27.6x | 0.5x |
| Sat, 06 Apr 2024 | kr136.6b | kr274.0b | kr5.1b | 21.2x | 26.6x | 0.5x |
| Mon, 04 Mar 2024 | kr139.1b | kr274.0b | kr5.1b | 21.9x | 27.1x | 0.5x |
| Wed, 31 Jan 2024 | kr130.5b | kr271.1b | kr5.5b | 22.5x | 23.8x | 0.5x |
| Fri, 29 Dec 2023 | kr130.2b | kr271.3b | kr1.8b | 22.7x | 73.4x | 0.5x |
| Sun, 26 Nov 2023 | kr120.8b | kr271.3b | kr1.8b | 21.2x | 68.1x | 0.4x |
| Tue, 24 Oct 2023 | kr121.5b | kr264.9b | kr3.3b | 16.6x | 36.9x | 0.5x |
| Thu, 21 Sep 2023 | kr120.9b | kr265.1b | kr3.3b | 18.8x | 36.4x | 0.5x |
| Sat, 19 Aug 2023 | kr122.8b | kr264.4b | kr3.3b | 14.9x | 36.9x | 0.5x |
| Mon, 17 Jul 2023 | kr129.1b | kr253.7b | kr3.5b | 14.7x | 37.4x | 0.5x |
| Wed, 14 Jun 2023 | kr131.8b | kr252.8b | kr3.5b | 15.3x | 38.1x | 0.5x |
| Fri, 12 May 2023 | kr136.7b | kr252.2b | kr3.4b | 15.5x | 39.7x | 0.5x |
| Sun, 09 Apr 2023 | kr149.7b | kr240.1b | kr3.7b | 16x | 40.1x | 0.6x |
| Tue, 07 Mar 2023 | kr150.6b | kr240.1b | kr3.7b | 15.9x | 40.3x | 0.6x |
| Thu, 02 Feb 2023 | kr158.7b | kr240.8b | kr3.4b | 15.5x | 47.1x | 0.7x |
| Sat, 31 Dec 2022 | kr146.0b | kr239.4b | kr8.1b | 14.2x | 18.1x | 0.6x |
| Mon, 28 Nov 2022 | kr146.9b | kr239.4b | kr8.1b | 13.9x | 18.2x | 0.6x |
| Wed, 26 Oct 2022 | kr145.2b | kr225.8b | kr10.2b | 15.8x | 14.3x | 0.6x |
| Fri, 23 Sep 2022 | kr124.2b | kr224.7b | kr10.1b | 15x | 12.3x | 0.6x |
| Sun, 21 Aug 2022 | kr145.3b | kr224.6b | kr10.1b | 16.8x | 14.4x | 0.6x |
| Tue, 19 Jul 2022 | kr134.7b | kr217.9b | kr9.9b | 15.5x | 13.7x | 0.6x |
| Thu, 16 Jun 2022 | kr131.2b | kr215.4b | kr9.8b | 14.8x | 13.4x | 0.6x |
| Sat, 14 May 2022 | kr141.5b | kr215.3b | kr9.7b | 14.7x | 14.5x | 0.7x |
| Mon, 11 Apr 2022 | kr153.2b | kr208.5b | kr9.6b | 18.2x | 16x | 0.7x |
| Wed, 09 Mar 2022 | kr146.1b | kr208.6b | kr9.6b | 18x | 15.1x | 0.7x |
| Fri, 04 Feb 2022 | kr163.5b | kr201.5b | kr8.9b | 22.4x | 18.4x | 0.8x |
| Sun, 02 Jan 2022 | kr169.3b | kr201.7b | kr8.2b | 21x | 20.6x | 0.8x |
| Tue, 30 Nov 2021 | kr162.8b | kr201.7b | kr8.2b | 20.6x | 19.8x | 0.8x |
| Thu, 28 Oct 2021 | kr169.4b | kr199.7b | kr7.9b | 19.6x | 21.3x | 0.8x |
| Sat, 25 Sep 2021 | kr165.8b | kr199.6b | kr8.3b | 18.1x | 20x | 0.8x |
| Mon, 23 Aug 2021 | kr178.7b | kr199.6b | kr8.3b | 18x | 21.5x | 0.9x |
| Sat, 10 Jul 2021 | kr170.5b | kr199.6b | kr8.3b | 17.1x | 20.5x | 0.9x |
Price to Earnings Ratio
22.6x
Current Industry PE
- Investors are relatively neutral on the Swedish Commercial Services 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 27.7x.
- The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 13% 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 Industrials industry?
| SE Market | 1.71% | |
| Industrials | 2.26% | |
| Commercial Services | -1.55% | |
| Diversified Support Services | 2.69% | |
| Environmental and Facilities Services | 2.51% | |
| Office Services and Supplies | 0.58% | |
| Commercial Printing | -0.046% | |
| Security and Alarm Services | -3.96% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry even though it's trading below its 3-year average PE ratio of 48.1x.
- Analysts are expecting annual earnings growth of 13.2%, which is higher than its past year's earnings growth of 0.4% per year.
- Investors are most pessimistic about the Office Services and Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Security and Alarm Services industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 63% per year.
- In contrast, the Office Services and Supplies industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| NORVA Norva24 Group | kr28.50 | 7.3% +kr355.9m | 9.8% | PE23x | |
| SDIP B Sdiptech | kr286.80 | 2.8% +kr296.3m | 7.3% | PE24.8x | |
| BRAV Bravida Holding | kr77.15 | 1.2% +kr193.9m | -32.8% | PE13.6x | |
| COOR Coor Service Management Holding | kr47.80 | 1.7% +kr77.9m | -21.8% | PE28x | |
| SES Scandinavian Enviro Systems | kr2.52 | 3.5% +kr68.6m | 26.9% | PS145.5x |