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Swedish (OMX) Materials Sector Analysis

UpdatedOct 13, 2025
DataAggregated Company Financials
Companies37
  • 7D-0.3%
  • 3M4.4%
  • 1Y-2.5%
  • YTD0.9%

Over the last 7 days, the Materials industry has dropped 2.7%, driven by pullbacks in Svenska Cellulosa Aktiebolaget and SSAB of 2.2% and 2.7%, respectively. However, the industry is down 5.3% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Oct 2025SEK 404.9bSEK 361.4bSEK 24.7b14.2x16.4x1.1x
Thu, 11 Sep 2025SEK 390.3bSEK 366.1bSEK 25.1b14.4x15.5x1.1x
Sat, 09 Aug 2025SEK 398.1bSEK 366.3bSEK 25.4b14.9x15.7x1.1x
Mon, 07 Jul 2025SEK 394.3bSEK 370.1bSEK 29.7b13.9x13.3x1.1x
Wed, 04 Jun 2025SEK 399.1bSEK 370.1bSEK 29.6b13.9x13.5x1.1x
Fri, 02 May 2025SEK 394.6bSEK 369.5bSEK 29.7b13.5x13.3x1.1x
Sun, 30 Mar 2025SEK 420.2bSEK 364.9bSEK 29.7b17.4x14.1x1.2x
Tue, 25 Feb 2025SEK 459.0bSEK 362.3bSEK 29.6b17.9x15.5x1.3x
Thu, 23 Jan 2025SEK 421.9bSEK 356.0bSEK 28.4b15.5x14.9x1.2x
Sat, 21 Dec 2024SEK 393.7bSEK 356.0bSEK 28.4b14.9x13.9x1.1x
Mon, 18 Nov 2024SEK 408.4bSEK 356.0bSEK 28.3b15.1x14.4x1.1x
Wed, 16 Oct 2024SEK 412.7bSEK 357.6bSEK 29.8b13.7x13.9x1.2x
Fri, 13 Sep 2024SEK 401.5bSEK 357.6bSEK 29.8b13.9x13.5x1.1x
Sun, 11 Aug 2024SEK 403.4bSEK 357.1bSEK 29.8b13.2x13.5x1.1x
Tue, 09 Jul 2024SEK 441.8bSEK 355.2bSEK 27.3b15.6x16.2x1.2x
Thu, 06 Jun 2024SEK 451.8bSEK 355.2bSEK 27.3b15.9x16.5x1.3x
Sat, 04 May 2024SEK 456.7bSEK 355.3bSEK 27.3b15.9x16.7x1.3x
Mon, 01 Apr 2024SEK 460.3bSEK 365.5bSEK 32.2b13.4x14.3x1.3x
Wed, 28 Feb 2024SEK 428.9bSEK 365.8bSEK 31.6b13.1x13.6x1.2x
Fri, 26 Jan 2024SEK 422.1bSEK 377.9bSEK 1.7b14.7x241.8x1.1x
Sun, 24 Dec 2023SEK 458.2bSEK 380.6bSEK 3.0b14.6x154x1.2x
Tue, 21 Nov 2023SEK 448.7bSEK 380.8bSEK 2.9b12.9x154.2x1.2x
Thu, 19 Oct 2023SEK 414.1bSEK 386.6bSEK 7.8b12.2x53.4x1.1x
Sat, 16 Sep 2023SEK 414.4bSEK 386.9bSEK 7.8b13x53.1x1.1x
Mon, 14 Aug 2023SEK 402.3bSEK 387.1bSEK 8.5b11.6x47.4x1x
Wed, 12 Jul 2023SEK 432.1bSEK 397.1bSEK 19.1b11x22.7x1.1x
Fri, 09 Jun 2023SEK 456.0bSEK 397.1bSEK 19.1b11.5x23.9x1.1x
Sun, 07 May 2023SEK 452.9bSEK 397.0bSEK 19.2b11.1x23.6x1.1x
Tue, 04 Apr 2023SEK 464.1bSEK 392.4bSEK 23.6b11x19.7x1.2x
Thu, 02 Mar 2023SEK 489.2bSEK 392.3bSEK 23.8b10.8x20.6x1.2x
Sat, 28 Jan 2023SEK 491.2bSEK 385.7bSEK 23.8b9.9x20.7x1.3x
Mon, 26 Dec 2022SEK 437.8bSEK 372.6bSEK 59.1b8.1x7.4x1.2x
Wed, 23 Nov 2022SEK 443.4bSEK 372.5bSEK 59.2b8.2x7.5x1.2x
Fri, 21 Oct 2022SEK 421.0bSEK 352.5bSEK 56.5b8.6x7.5x1.2x
Price to Earnings Ratio

7.5x


Total Market Cap: SEK 421.0bTotal Earnings: SEK 56.5bTotal Revenue: SEK 352.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Materials Sector Price to Earnings3Y Average 31.7x202320242025
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 16.4x which is lower than its 3-year average PE of 31.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 24% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Materials sector?

SE Market-1.26%
Materials-0.26%
Metals and Mining1.62%
Chemicals-2.11%
Packaging-2.16%
Paper and Forestry Products-2.33%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry, which is trading close to its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 6.4%, which is higher than its past year's earnings growth of 4.3% per year.
  • Investors are most pessimistic about the Packaging industry, which is trading below its 3-year average of 30.7x.
Forecasted Growth
  • Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 10.0% per year.
  • In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 6.4% 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
BOL BolidenSEK 418.604.4%
+SEK 5.0b		24.9%PE14.8x
SOSI Sotkamo SilverSEK 1.4828.2%
+SEK 105.0m		55.1%PS1.3x
VISC Gruvaktiebolaget ViscariaSEK 17.245.0%
+SEK 88.6m		-4.5%PS5.6x
GRNG GrängesSEK 119.700.6%
+SEK 74.4m		-0.7%PE12.9x
ITECH I-TechSEK 98.802.7%
+SEK 31.2m		105.8%PE30x

Latest News

VISC
SEK 17.24
Gruvaktiebolaget Viscaria
7D
5.0%
1Y
-4.5%

After Leaping 25% Gruvaktiebolaget Viscaria (STO:VISC) Shares Are Not Flying Under The Radar

Oct 14
After Leaping 25% Gruvaktiebolaget Viscaria (STO:VISC) Shares Are Not Flying Under The Radar
SCA B
SEK 120.75
Svenska Cellulosa Aktiebolaget
7D
-2.2%
1Y
-16.8%

Svenska Cellulosa Aktiebolaget (STO:SCA B) Shareholders Will Want The ROCE Trajectory To Continue

Oct 13
Svenska Cellulosa Aktiebolaget (STO:SCA B) Shareholders Will Want The ROCE Trajectory To Continue
HPOL B
SEK 82.80
HEXPOL
7D
-2.4%
1Y
-19.9%

HEXPOL (STO:HPOL B) Seems To Use Debt Quite Sensibly

Oct 12
HEXPOL (STO:HPOL B) Seems To Use Debt Quite Sensibly
BOL
SEK 418.60
Boliden
7D
4.4%
1Y
24.9%

Somincor, Zinkgruvan And Odda Projects Will Secure Metal Supply

Boliden's analyst price target has risen from approximately SEK 322 to SEK 366. This change reflects improved analyst expectations for profitability and revenue growth.
CINIS
SEK 0.25
Cinis Fertilizer
7D
-56.9%
1Y
-98.7%
DURC B
SEK 17.25
Duroc
7D
2.7%
1Y
-13.8%
SSAB A
SEK 62.88
SSAB
7D
-2.7%
1Y
28.4%
HOLM B
SEK 345.80
Holmen
7D
-2.4%
1Y
-21.4%
GRNG
SEK 119.70
Gränges
7D
0.6%
1Y
-0.7%

Asia 94% Sales And Shandong Production Will Drive Success

Analysts have lowered their fair value estimate for Gränges from SEK 153.5 to SEK 146.5, citing slightly weaker growth and margin expectations that are reflected in recent forecasts. Valuation Changes The Fair Value Estimate has decreased from SEK 153.5 to SEK 146.5. The Discount Rate has risen slightly from 6.26 percent to 6.40 percent.
LGOLD B
SEK 182.80
Lappland Guldprospektering
7D
-23.5%
1Y
n/a

We're Hopeful That Lappland Guldprospektering (NGM:LGOLD B) Will Use Its Cash Wisely

Oct 07
We're Hopeful That Lappland Guldprospektering (NGM:LGOLD B) Will Use Its Cash Wisely
BILL
SEK 81.40
Billerud
7D
-2.2%
1Y
-29.3%

Accelerating Sustainable Packaging Demand Will Unlock North American Markets

Analysts have slightly lowered their fair value price target for Billerud from $103 to approximately $102.60. This change is based on updated assessments to revenue growth and discount rates.
POLYG
SEK 9.04
Polygiene Group
7D
9.7%
1Y
-14.3%
GRANGX
SEK 41.95
Grangex
7D
-11.0%
1Y
355.0%
ITECH
SEK 98.80
I-Tech
7D
2.7%
1Y
105.8%

I-Tech's Selektope Expansion Will Drive 28% Revenue Increase in 5 Years

Q2 2025 Update Revenue Uncertainty – Q2 showed a sharp revenue drop (-26% YoY, -17% FX-adjusted), underlining that order timing and FX swings create meaningful quarter-to-quarter variance. To be on the lookout for : topline growth in coming quarters — it needs to re-accelerate toward the long-term CAGR assumption to keep the thesis intact.
ARCT
SEK 5.65
Arctic Minerals
7D
10.8%
1Y
n/a
SOSI
SEK 1.48
Sotkamo Silver
7D
28.2%
1Y
55.1%