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Swedish (OMX) Chemicals Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies14
  • 7D-2.4%
  • 3M-15.1%
  • 1Y-30.3%
  • YTD-16.1%

Over the last 7 days, the Chemicals industry has dropped 2.4%, driven by HEXPOL declining 2.8%. On the other hand I-Tech is actually up 12%. Overall the industry is down 30% in 12 months. Looking forward, earnings are forecast to grow by 5.7% annually.

Industry Valuation and Performance

Has the Swedish Chemicals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026SEK 30.2bSEK 27.2bSEK 2.0b15.4x15.4x1.1x
Tue, 10 Feb 2026SEK 31.4bSEK 27.3bSEK 2.0b15x15.7x1.1x
Thu, 08 Jan 2026SEK 36.3bSEK 28.1bSEK 1.8b15.6x19.6x1.3x
Sat, 06 Dec 2025SEK 36.1bSEK 28.1bSEK 1.8b16x19.5x1.3x
Mon, 03 Nov 2025SEK 36.4bSEK 28.2bSEK 1.9b20.8x19.4x1.3x
Wed, 01 Oct 2025SEK 35.8bSEK 28.5bSEK 2.0b18.8x18.2x1.3x
Fri, 29 Aug 2025SEK 36.5bSEK 28.5bSEK 2.0b22.1x18.5x1.3x
Sun, 27 Jul 2025SEK 37.2bSEK 28.4bSEK 2.0b28.1x19x1.3x
Tue, 24 Jun 2025SEK 36.7bSEK 28.8bSEK 2.1b26.3x17.3x1.3x
Thu, 22 May 2025SEK 38.0bSEK 28.8bSEK 2.1b26.7x17.9x1.3x
Sat, 19 Apr 2025SEK 35.3bSEK 28.4bSEK 2.2b23.4x16x1.2x
Mon, 17 Mar 2025SEK 43.7bSEK 28.4bSEK 2.2b24x19.8x1.5x
Wed, 12 Feb 2025SEK 41.4bSEK 25.5bSEK 1.8b20.1x23.2x1.6x
Fri, 10 Jan 2025SEK 42.5bSEK 25.7bSEK 1.9b21.4x21.9x1.7x
Sun, 08 Dec 2024SEK 42.4bSEK 25.7bSEK 1.9b20.9x21.8x1.6x
Tue, 05 Nov 2024SEK 40.8bSEK 25.6bSEK 2.0b19.3x20.9x1.6x
Thu, 03 Oct 2024SEK 41.7bSEK 26.0bSEK 2.1b19.9x19.8x1.6x
Sat, 31 Aug 2024SEK 45.4bSEK 26.0bSEK 2.1b20.3x21.6x1.7x
Mon, 29 Jul 2024SEK 46.6bSEK 25.8bSEK 2.1b16.4x22.6x1.8x
Wed, 26 Jun 2024SEK 47.2bSEK 26.1bSEK 2.1b16.4x22.4x1.8x
Fri, 24 May 2024SEK 51.4bSEK 26.1bSEK 2.1b17.8x24.4x2x
Sun, 21 Apr 2024SEK 50.6bSEK 26.9bSEK 2.1b17.7x24x1.9x
Tue, 19 Mar 2024SEK 49.3bSEK 26.9bSEK 2.1b17.3x23.5x1.8x
Thu, 15 Feb 2024SEK 48.2bSEK 27.2bSEK 1.9b20.9x24.8x1.8x
Sat, 13 Jan 2024SEK 47.7bSEK 28.0bSEK 1.9b21.9x25.8x1.7x
Mon, 11 Dec 2023SEK 45.9bSEK 28.0bSEK 1.9b20.4x24.8x1.6x
Wed, 08 Nov 2023SEK 41.1bSEK 28.0bSEK 1.8b16.4x22.5x1.5x
Fri, 06 Oct 2023SEK 41.0bSEK 28.7bSEK 1.9b12.8x22.2x1.4x
Sun, 03 Sep 2023SEK 47.1bSEK 28.7bSEK 1.9b13.5x25.4x1.6x
Tue, 01 Aug 2023SEK 49.0bSEK 28.6bSEK 1.9b16.3x26.3x1.7x
Thu, 29 Jun 2023SEK 48.3bSEK 28.5bSEK 1.8b15.8x26.4x1.7x
Sat, 27 May 2023SEK 48.7bSEK 28.5bSEK 1.8b16.8x26.6x1.7x
Mon, 24 Apr 2023SEK 54.0bSEK 27.7bSEK 1.8b19x29.2x2x
Wed, 22 Mar 2023SEK 52.7bSEK 27.7bSEK 1.9b18.7x28.5x1.9x
Price to Earnings Ratio

28.5x


Total Market Cap: SEK 52.7bTotal Earnings: SEK 1.9bTotal Revenue: SEK 27.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Chemicals Industry Price to Earnings3Y Average 21.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Chemicals 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 15.4x which is lower than its 3-year average PE of 21.9x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Chemicals industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

SE Market-1.13%
Materials-2.23%
Chemicals-2.44%
Commodity Chemicals1.11%
Fertilizers and Agricultural Chemicals0%0
Specialty Chemicals-2.68%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry, which is trading close to its 3-year average PE ratio of 36.1x.
    • Analysts are expecting annual earnings growth of 55.6%, which is higher than its past year's earnings decline of 9.8% per year.
  • Investors are most pessimistic about the Specialty Chemicals industry, which is trading below its 3-year average of 17.7x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings decline of 9.8% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 5.2% 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
ITECH I-TechSEK 50.2011.8%
+SEK 63.6m		-38.0%PE18.1x
NEXAM Nexam Chemical HoldingSEK 2.8016.7%
+SEK 41.1m		-14.1%PS1.5x
POLYG Polygiene GroupSEK 6.407.0%
+SEK 15.3m		-40.5%PS1.6x
DURC B DurocSEK 17.750.9%
+SEK 5.9m		6.3%PS0.2x
ECO B EcoRubSEK 0.08714.2%
+SEK 5.6m		-15.1%PS2.9x

Latest News

ITECH
SEK 50.20
I-Tech
7D
11.8%
1Y
-38.0%

ITECH: Higher Dividend And Stable Assumptions Will Support Future Upside

Analysts have maintained their SEK 112 price target for I-Tech, citing essentially stable assumptions for the discount rate, revenue growth, profit margin and future P/E as the key reasons for keeping their view unchanged. What's in the News The board of I-Tech AB has proposed an ordinary dividend of SEK 1.25 per share, compared with SEK 1.00 previously, for the financial year January to December 2025 (Key Developments).
DURC B
SEK 17.75
Duroc
7D
0.9%
1Y
6.3%
HPOL B
SEK 71.60
HEXPOL
7D
-2.8%
1Y
-31.2%

HPOL B: Rebased Price Expectations Will Support Future Margin And P E Resilience

Analysts have reduced their HEXPOL price target by SEK 21, reflecting updated assumptions for the discount rate, long-term revenue growth, profit margin and future P/E, and signalling a slightly more cautious stance on the shares. Analyst Commentary Recent research updates suggest that the lower SEK 21 price target mainly reflects refreshed assumptions rather than a fundamental shift in how the business is viewed.
KBC
SEK 41.50
KB Components
7D
-5.9%
1Y
-31.1%
ARPL
SEK 45.60
Arla Plast
7D
-2.6%
1Y
-10.2%
XPC
SEK 0.18
XP Chemistries
7D
-3.7%
1Y
67.0%
CIRCHE
SEK 1.11
CirChem
7D
0.5%
1Y
-63.7%
AERO
SEK 1.82
Svenska Aerogel Holding
7D
7.4%
1Y
-20.2%
POLYG
SEK 6.40
Polygiene Group
7D
7.0%
1Y
-40.5%
ORGC
SEK 1.45
OrganoClick
7D
-2.4%
1Y
-35.8%

OrganoClick AB (publ) (STO:ORGC) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Feb 15
OrganoClick AB (publ) (STO:ORGC) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
NEXAM
SEK 2.80
Nexam Chemical Holding
7D
16.7%
1Y
-14.1%
LCLEAN
SEK 0.048
LifeClean International
7D
-7.7%
1Y
-84.8%
POLYMER
SEK 0.68
Polymer Factory Sweden
7D
-0.7%
1Y
-14.6%
RECY B
SEK 0.088
Recyctec Holding
7D
-4.8%
1Y
-82.4%
ECO B
SEK 0.087
EcoRub
7D
14.2%
1Y
-15.1%