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Swedish (OMX) Materials Sector Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies36
  • 7D2.4%
  • 3M16.1%
  • 1Y8.1%
  • YTD4.2%

Over the last 7 days, the Materials industry has risen 2.4%, driven by gains from Svenska Cellulosa Aktiebolaget of 5.0%. In the last 12 months, the industry was up 8.1%. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026SEK 487.2bSEK 356.4bSEK 24.4b17.6x20x1.4x
Mon, 05 Jan 2026SEK 465.6bSEK 358.6bSEK 24.0b17.5x19.4x1.3x
Wed, 03 Dec 2025SEK 431.4bSEK 358.6bSEK 24.0b16.3x18x1.2x
Fri, 31 Oct 2025SEK 425.6bSEK 358.8bSEK 24.1b18.1x17.6x1.2x
Sun, 28 Sep 2025SEK 394.6bSEK 361.4bSEK 24.7b14.3x15.9x1.1x
Tue, 26 Aug 2025SEK 402.7bSEK 366.1bSEK 25.0b14.6x16.1x1.1x
Thu, 24 Jul 2025SEK 394.7bSEK 368.9bSEK 25.8b15.4x15.3x1.1x
Sat, 21 Jun 2025SEK 387.3bSEK 370.1bSEK 29.6b13.6x13.1x1x
Mon, 19 May 2025SEK 409.8bSEK 369.9bSEK 29.6b14.4x13.8x1.1x
Wed, 16 Apr 2025SEK 388.5bSEK 365.0bSEK 29.7b15.1x13.1x1.1x
Fri, 14 Mar 2025SEK 447.4bSEK 364.8bSEK 29.7b18.1x15.1x1.2x
Sun, 09 Feb 2025SEK 447.0bSEK 362.2bSEK 29.3b17.8x15.3x1.2x
Tue, 07 Jan 2025SEK 403.6bSEK 356.0bSEK 28.4b14.9x14.2x1.1x
Thu, 05 Dec 2024SEK 421.4bSEK 356.0bSEK 28.3b15.9x14.9x1.2x
Sat, 02 Nov 2024SEK 409.1bSEK 355.9bSEK 28.3b14.9x14.5x1.1x
Mon, 30 Sep 2024SEK 433.8bSEK 357.5bSEK 29.8b14.5x14.6x1.2x
Wed, 28 Aug 2024SEK 410.0bSEK 357.5bSEK 29.7b14.5x13.8x1.1x
Fri, 26 Jul 2024SEK 434.6bSEK 356.5bSEK 29.8b14.4x14.6x1.2x
Sun, 23 Jun 2024SEK 447.8bSEK 355.2bSEK 27.3b16.1x16.4x1.3x
Tue, 21 May 2024SEK 477.4bSEK 355.3bSEK 27.4b17.4x17.5x1.3x
Thu, 18 Apr 2024SEK 449.4bSEK 365.5bSEK 32.2b15x14x1.2x
Sat, 16 Mar 2024SEK 445.2bSEK 365.4bSEK 32.0b13.3x13.9x1.2x
Mon, 12 Feb 2024SEK 423.2bSEK 365.9bSEK 31.8b15.2x13.3x1.2x
Wed, 10 Jan 2024SEK 443.5bSEK 380.6bSEK 3.0b14.4x149.3x1.2x
Fri, 08 Dec 2023SEK 451.1bSEK 380.6bSEK 3.0b13.8x151x1.2x
Sun, 05 Nov 2023SEK 434.4bSEK 380.8bSEK 2.9b14.5x151.7x1.1x
Tue, 03 Oct 2023SEK 425.6bSEK 386.9bSEK 7.8b12.7x54.5x1.1x
Thu, 31 Aug 2023SEK 412.9bSEK 386.8bSEK 7.8b12.9x52.9x1.1x
Sat, 29 Jul 2023SEK 416.4bSEK 387.0bSEK 8.5b11.5x49.1x1.1x
Mon, 26 Jun 2023SEK 424.9bSEK 397.1bSEK 19.1b10.8x22.3x1.1x
Wed, 24 May 2023SEK 442.0bSEK 397.1bSEK 19.1b11.4x23.1x1.1x
Fri, 21 Apr 2023SEK 449.6bSEK 391.9bSEK 23.6b10.2x19.1x1.1x
Sun, 19 Mar 2023SEK 442.3bSEK 392.3bSEK 23.8b10.4x18.6x1.1x
Tue, 14 Feb 2023SEK 481.3bSEK 386.5bSEK 23.8b9.3x20.2x1.2x
Price to Earnings Ratio

20.2x


Total Market Cap: SEK 481.3bTotal Earnings: SEK 23.8bTotal Revenue: SEK 386.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Materials Sector Price to Earnings3Y Average 32.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.0x which is lower than its 3-year average PE of 32.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

SE Market2.14%
Materials2.41%
Paper and Forestry Products5.00%
Packaging3.95%
Chemicals3.10%
Metals and Mining1.11%
Industry PE
  • Investors are most optimistic about the Packaging industry even though it's trading below its 3-year average PE ratio of 31.7x.
    • Analysts are expecting annual earnings growth of 29.2%, which is higher than its past year's earnings decline of 59.3% per year.
  • Investors are most pessimistic about the Chemicals industry, which is trading below its 3-year average of 22.3x.
Forecasted Growth
  • Analysts are most optimistic on the Packaging industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 5.1% 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
SCA B Svenska Cellulosa AktiebolagetSEK 117.155.0%
+SEK 3.9b		-20.7%PE25.7x
SSAB A SSABSEK 77.004.0%
+SEK 2.9b		35.4%PE15.7x
HOLM B HolmenSEK 350.605.0%
+SEK 2.6b		-16.2%PE18.7x
ALLEI AlleimaSEK 82.405.8%
+SEK 1.1b		-11.5%PE30.7x
HPOL B HEXPOLSEK 75.704.1%
+SEK 1.0b		-24.7%PE13.4x

Latest News

ITECH
SEK 43.60
I-Tech
7D
-18.7%
1Y
-45.2%

I-Tech AB (STO:ITECH) Analysts Just Trimmed Their Revenue Forecasts By 12%

Feb 07
I-Tech AB (STO:ITECH) Analysts Just Trimmed Their Revenue Forecasts By 12%
SCA B
SEK 117.15
Svenska Cellulosa Aktiebolaget
7D
5.0%
1Y
-20.7%
BOL
SEK 624.80
Boliden
7D
-0.3%
1Y
65.0%

BOL: Gold And Silver Leverage Will Heighten Execution Risk Ahead

The updated fair value estimate for Boliden increases to SEK 555.94 from SEK 433.47. This reflects analysts' higher price targets and revised assumptions, including expectations for stronger top line growth, slightly higher profit margins, a marginally lower discount rate, and a modestly lower future P/E multiple.
ALLEI
SEK 82.40
Alleima
7D
5.8%
1Y
-11.5%

ALLEI: Trimmed Fair Value And Downgrade Will Test Margin Resilience

Analysts have trimmed their fair value estimate for Alleima from SEK 85.50 to about SEK 75.00, citing slightly lower assumptions for revenue growth, profit margins and future P/E, as reflected in recent bearish Street research including a downgrade of the shares. Analyst Commentary Recent Street research has taken a more cautious stance on Alleima, with the latest report contributing to the reduced fair value estimate.
BILL
SEK 74.95
Billerud
7D
4.0%
1Y
-35.6%
HOLM B
SEK 350.60
Holmen
7D
5.0%
1Y
-16.2%

Holmen AB (publ) (STO:HOLM B) Just Released Its Full-Year Earnings: Here's What Analysts Think

Feb 04
Holmen AB (publ) (STO:HOLM B) Just Released Its Full-Year Earnings: Here's What Analysts Think
BOTX
SEK 13.25
Botnia Gold
7D
-13.4%
1Y
0%
HPOL B
SEK 75.70
HEXPOL
7D
4.1%
1Y
-24.7%

Analysts Have Been Trimming Their HEXPOL AB (publ) (STO:HPOL B) Price Target After Its Latest Report

Feb 02
Analysts Have Been Trimming Their HEXPOL AB (publ) (STO:HPOL B) Price Target After Its Latest Report
GRNG
SEK 157.20
Gränges
7D
5.2%
1Y
14.1%

Gränges (STO:GRNG) Will Pay A Larger Dividend Than Last Year At SEK1.70

Feb 02
Gränges (STO:GRNG) Will Pay A Larger Dividend Than Last Year At SEK1.70
SSAB A
SEK 77.00
SSAB
7D
4.0%
1Y
35.4%

SSAB (STO:SSAB A) Has Announced That Its Dividend Will Be Reduced To SEK2.00

Jan 31
SSAB (STO:SSAB A) Has Announced That Its Dividend Will Be Reduced To SEK2.00
VISC
SEK 18.30
Gruvaktiebolaget Viscaria
7D
-9.2%
1Y
-6.4%

Gruvaktiebolaget Viscaria (STO:VISC) Looks Just Right With A 41% Price Jump

Jan 20
Gruvaktiebolaget Viscaria (STO:VISC) Looks Just Right With A 41% Price Jump
ARCT
SEK 8.05
Arctic Minerals
7D
-20.3%
1Y
203.8%
SOSI
SEK 5.08
Sotkamo Silver
7D
-16.0%
1Y
340.2%

Rainbows and Unicorns: The Sotkamo Silver AB (NGM:SOSI) Analyst Just Became A Lot More Optimistic

Jan 15
Rainbows and Unicorns: The Sotkamo Silver AB (NGM:SOSI) Analyst Just Became A Lot More Optimistic
BAT
SEK 0.16
Eurobattery Minerals
7D
-24.1%
1Y
160.3%
GRANGX
SEK 55.90
Grangex
7D
15.6%
1Y
385.2%
BLUE
SEK 1.36
Bluelake Mineral
7D
-15.6%
1Y
35.5%