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Swedish (OMX) Materials Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies36
  • 7D2.4%
  • 3M16.1%
  • 1Y8.1%
  • YTD4.2%

In the last week, the Materials industry is up 2.4%, with Svenska Cellulosa Aktiebolaget up 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
Mon, 09 Feb 2026SEK 487.1bSEK 356.5bSEK 24.4b17.6x20x1.4x
Wed, 07 Jan 2026SEK 469.4bSEK 358.6bSEK 24.0b17.8x19.6x1.3x
Fri, 05 Dec 2025SEK 442.2bSEK 358.6bSEK 24.0b16.6x18.4x1.2x
Sun, 02 Nov 2025SEK 425.0bSEK 358.7bSEK 24.1b18x17.7x1.2x
Tue, 30 Sep 2025SEK 400.1bSEK 361.4bSEK 24.7b14.3x16.2x1.1x
Thu, 28 Aug 2025SEK 397.0bSEK 366.1bSEK 25.0b14.6x15.9x1.1x
Sat, 26 Jul 2025SEK 399.4bSEK 366.3bSEK 25.3b15.4x15.8x1.1x
Mon, 23 Jun 2025SEK 387.3bSEK 370.1bSEK 29.6b13.6x13.1x1x
Wed, 21 May 2025SEK 414.7bSEK 370.1bSEK 29.6b14.6x14x1.1x
Fri, 18 Apr 2025SEK 382.6bSEK 365.0bSEK 29.7b14.4x12.9x1x
Sun, 16 Mar 2025SEK 454.8bSEK 364.8bSEK 29.7b18.7x15.3x1.2x
Tue, 11 Feb 2025SEK 449.4bSEK 362.2bSEK 29.3b17.3x15.3x1.2x
Thu, 09 Jan 2025SEK 403.6bSEK 356.0bSEK 28.4b15.1x14.2x1.1x
Sat, 07 Dec 2024SEK 416.7bSEK 356.0bSEK 28.3b15.8x14.7x1.2x
Mon, 04 Nov 2024SEK 409.1bSEK 355.8bSEK 28.3b14.9x14.5x1.1x
Wed, 02 Oct 2024SEK 428.8bSEK 357.6bSEK 29.8b14.4x14.4x1.2x
Fri, 30 Aug 2024SEK 411.9bSEK 357.6bSEK 29.8b14.9x13.8x1.2x
Sun, 28 Jul 2024SEK 426.7bSEK 357.2bSEK 29.8b14.9x14.3x1.2x
Tue, 25 Jun 2024SEK 447.5bSEK 355.2bSEK 27.3b16.2x16.4x1.3x
Thu, 23 May 2024SEK 473.2bSEK 355.3bSEK 27.4b16.8x17.3x1.3x
Sat, 20 Apr 2024SEK 449.3bSEK 365.5bSEK 32.2b15.1x14x1.2x
Mon, 18 Mar 2024SEK 445.2bSEK 365.4bSEK 32.0b13.3x13.9x1.2x
Wed, 14 Feb 2024SEK 420.2bSEK 365.9bSEK 31.8b15x13.2x1.1x
Fri, 12 Jan 2024SEK 433.6bSEK 380.6bSEK 3.0b13.6x146x1.1x
Sun, 10 Dec 2023SEK 455.5bSEK 380.6bSEK 3.0b14.3x153.3x1.2x
Tue, 07 Nov 2023SEK 436.6bSEK 380.8bSEK 2.9b14.7x152.5x1.1x
Thu, 05 Oct 2023SEK 420.1bSEK 386.9bSEK 7.8b12.4x53.8x1.1x
Sat, 02 Sep 2023SEK 418.1bSEK 386.7bSEK 7.8b12.9x53.6x1.1x
Mon, 31 Jul 2023SEK 416.4bSEK 387.1bSEK 8.5b11.5x49x1.1x
Wed, 28 Jun 2023SEK 425.8bSEK 397.1bSEK 19.1b10.6x22.3x1.1x
Fri, 26 May 2023SEK 436.4bSEK 397.1bSEK 19.1b11.2x22.8x1.1x
Sun, 23 Apr 2023SEK 444.6bSEK 391.9bSEK 23.6b10.1x18.9x1.1x
Tue, 21 Mar 2023SEK 450.3bSEK 392.2bSEK 23.8b10.7x18.9x1.1x
Thu, 16 Feb 2023SEK 487.4bSEK 392.3bSEK 23.8b9.6x20.5x1.2x
Price to Earnings Ratio

20.5x


Total Market Cap: SEK 487.4bTotal Earnings: SEK 23.8bTotal Revenue: SEK 392.3bTotal 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 31.8x.
    • 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%

Earnings Miss: I-Tech AB Missed EPS By 9.8% And Analysts Are Revising Their Forecasts

Feb 08
Earnings Miss: I-Tech AB Missed EPS By 9.8% And Analysts Are Revising Their Forecasts
BOTX
SEK 13.25
Botnia Gold
7D
-13.4%
1Y
0%
SCA B
SEK 117.15
Svenska Cellulosa Aktiebolaget
7D
5.0%
1Y
-20.7%
BILL
SEK 74.95
Billerud
7D
4.0%
1Y
-35.6%

BILL: Neutral View Will Depend On Managing Execution And Dividend Trade Offs

Analysts have reduced their fair value estimate for Billerud to SEK 80.00 from SEK 96.00. They link this adjustment to recent price target changes at firms such as Citi, as well as more cautious assumptions on revenue growth, profit margins, and the discount rate, even though they are using a slightly higher future P/E multiple.
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.
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
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%