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Swedish (OMX) Chemicals Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.4%
  • 3M0.7%
  • 1Y-19.2%
  • YTD-4.2%

Over the last 7 days, the Chemicals industry has dropped 2.4%, driven by a pullback from HEXPOL of 2.1%. In contrast, EcoRub has gained 14%. However, the industry is down 19% over the past year. Earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026SEK 34.5bSEK 28.1bSEK 1.8b15x18.6x1.2x
Thu, 18 Dec 2025SEK 35.1bSEK 28.1bSEK 1.8b15x19x1.2x
Sat, 15 Nov 2025SEK 34.2bSEK 28.1bSEK 1.9b19.7x18.2x1.2x
Mon, 13 Oct 2025SEK 35.2bSEK 28.5bSEK 2.0b20x17.9x1.2x
Wed, 10 Sep 2025SEK 36.4bSEK 28.5bSEK 2.0b22.9x18.5x1.3x
Fri, 08 Aug 2025SEK 36.1bSEK 28.4bSEK 2.0b29.3x18.4x1.3x
Sun, 06 Jul 2025SEK 39.3bSEK 28.8bSEK 2.1b26.3x18.4x1.4x
Tue, 03 Jun 2025SEK 37.3bSEK 28.8bSEK 2.1b26.5x17.6x1.3x
Thu, 01 May 2025SEK 35.7bSEK 28.4bSEK 2.1b25.5x16.8x1.3x
Sat, 29 Mar 2025SEK 37.6bSEK 28.4bSEK 2.2b23.7x17.1x1.3x
Mon, 24 Feb 2025SEK 43.5bSEK 25.7bSEK 2.1b24x20.7x1.7x
Wed, 22 Jan 2025SEK 43.2bSEK 25.7bSEK 1.9b21.2x22.2x1.7x
Fri, 20 Dec 2024SEK 42.5bSEK 25.7bSEK 1.9b20.8x21.9x1.7x
Sun, 17 Nov 2024SEK 40.7bSEK 25.7bSEK 2.0b18.6x20.8x1.6x
Tue, 15 Oct 2024SEK 40.8bSEK 26.0bSEK 2.1b19.4x19.4x1.6x
Thu, 12 Sep 2024SEK 42.7bSEK 26.0bSEK 2.1b19.6x20.3x1.6x
Sat, 10 Aug 2024SEK 43.9bSEK 25.8bSEK 2.1b15.4x21.3x1.7x
Mon, 08 Jul 2024SEK 46.9bSEK 26.1bSEK 2.1b16.3x22.3x1.8x
Wed, 05 Jun 2024SEK 49.8bSEK 26.1bSEK 2.1b17.3x23.7x1.9x
Fri, 03 May 2024SEK 48.8bSEK 26.3bSEK 2.1b17.1x23.1x1.9x
Sun, 31 Mar 2024SEK 51.0bSEK 26.9bSEK 2.1b17.8x24.3x1.9x
Tue, 27 Feb 2024SEK 47.3bSEK 27.2bSEK 1.7b16.3x27.8x1.7x
Thu, 25 Jan 2024SEK 47.3bSEK 28.0bSEK 1.9b21.2x25.5x1.7x
Sat, 23 Dec 2023SEK 48.5bSEK 28.0bSEK 1.9b21.5x26.2x1.7x
Mon, 20 Nov 2023SEK 43.9bSEK 28.0bSEK 1.9b17.7x23.7x1.6x
Wed, 18 Oct 2023SEK 39.8bSEK 28.5bSEK 1.8b12.7x22.2x1.4x
Fri, 15 Sep 2023SEK 44.7bSEK 28.7bSEK 1.9b13.5x24.1x1.6x
Sun, 13 Aug 2023SEK 47.1bSEK 28.6bSEK 1.9b15.3x25.2x1.6x
Tue, 11 Jul 2023SEK 48.9bSEK 28.5bSEK 1.8b16x26.7x1.7x
Thu, 08 Jun 2023SEK 50.1bSEK 28.5bSEK 1.8b17x27.4x1.8x
Sat, 06 May 2023SEK 51.3bSEK 28.5bSEK 1.8b18.4x27.9x1.8x
Mon, 03 Apr 2023SEK 55.4bSEK 27.7bSEK 1.9b19.5x29.9x2x
Wed, 01 Mar 2023SEK 52.0bSEK 27.7bSEK 1.9b18.7x28.1x1.9x
Fri, 27 Jan 2023SEK 50.3bSEK 26.2bSEK 1.9b22.1x25.9x1.9x
Price to Earnings Ratio

25.9x


Total Market Cap: SEK 50.3bTotal Earnings: SEK 1.9bTotal Revenue: SEK 26.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Chemicals Industry Price to Earnings3Y Average 22.4x202420252026
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 18.6x which is lower than its 3-year average PE of 22.4x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.3% 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 and as a result, profits have held steady.

Industry Trends

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

SE Market-0.82%
Materials-0.28%
Chemicals-2.36%
Specialty Chemicals-2.27%
Commodity Chemicals-3.90%
Fertilizers and Agricultural Chemicals-7.55%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry, which is trading close to its 3-year average PE ratio of 33.8x.
    • Analysts are expecting annual earnings growth of 49.0%, which is higher than its past year's earnings growth of 22.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Fertilizers and Agricultural Chemicals industry, expecting annual earnings growth of 91% over the next 5 years.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 9.1% 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
ECO B EcoRubSEK 0.08714.2%
+SEK 5.6m		-15.1%PS2.9x
XPC XP ChemistriesSEK 0.194.4%
+SEK 2.5m		76.4%PS192x

Latest News

ARPL
SEK 48.40
Arla Plast
7D
-4.0%
1Y
4.8%
POLYG
SEK 9.08
Polygiene Group
7D
-1.3%
1Y
-34.2%
AXIC A
SEK 1.87
aXichem
7D
-14.4%
1Y
48.0%
HPOL B
SEK 83.05
HEXPOL
7D
-2.6%
1Y
-21.0%

HPOL B: Future M&A Capacity Will Support 75% CO2 Reduction Progress

Analysts now see slightly less upside for HEXPOL, trimming their fair value estimate from €99.00 to €97.20 as they factor in more moderate revenue growth and profit margin assumptions, alongside a marginally higher discount rate, even as their future P/E input edges up. What's in the News Management reiterated that M&A is an important focus area for HEXPOL's growth plans, with the company stating it has financial resources available to accelerate acquisitions, although geopolitical uncertainty is currently affecting overall M&A activity levels (Key Developments).
NEXAM
SEK 2.31
Nexam Chemical Holding
7D
-5.7%
1Y
-41.7%

Nexam Chemical Holding AB (publ) (STO:NEXAM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jan 03
Nexam Chemical Holding AB (publ) (STO:NEXAM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
ITECH
SEK 51.80
I-Tech
7D
-2.6%
1Y
-7.5%
KBC
SEK 38.80
KB Components
7D
-7.6%
1Y
-16.6%
XPC
SEK 0.19
XP Chemistries
7D
4.4%
1Y
76.4%
DURC B
SEK 15.00
Duroc
7D
-6.3%
1Y
-12.0%
ECO B
SEK 0.087
EcoRub
7D
14.2%
1Y
-15.1%