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Swedish (OMX) Chemicals Industry Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies15
  • 7D-4.9%
  • 3M3.2%
  • 1Y-13.8%
  • YTD-12.2%

Over the last 7 days, the Chemicals industry has dropped 4.4%, driven by a pullback from HEXPOL of 5.4%. Overall the industry is down 11% in 12 months. As for the next few years, earnings are expected to grow by 6.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 May 2026SEK 31.6bSEK 27.3bSEK 2.0b17.2x15.9x1.2x
Mon, 30 Mar 2026SEK 30.0bSEK 27.3bSEK 2.0b15x15.3x1.1x
Wed, 25 Feb 2026SEK 32.1bSEK 27.3bSEK 2.0b14.8x16.3x1.2x
Fri, 23 Jan 2026SEK 35.0bSEK 28.1bSEK 1.8b15x18.9x1.2x
Sun, 21 Dec 2025SEK 35.5bSEK 28.1bSEK 1.8b15.1x19.2x1.3x
Tue, 18 Nov 2025SEK 33.8bSEK 28.1bSEK 1.9b19.2x18x1.2x
Thu, 16 Oct 2025SEK 34.9bSEK 28.5bSEK 2.0b21.1x17.7x1.2x
Sat, 13 Sep 2025SEK 36.7bSEK 28.5bSEK 2.0b21.1x18.6x1.3x
Mon, 11 Aug 2025SEK 36.5bSEK 28.4bSEK 2.0b29.5x18.5x1.3x
Wed, 09 Jul 2025SEK 39.5bSEK 28.8bSEK 2.1b26.3x18.6x1.4x
Fri, 06 Jun 2025SEK 38.0bSEK 28.8bSEK 2.1b26.9x17.9x1.3x
Sun, 04 May 2025SEK 36.6bSEK 28.4bSEK 2.1b27.5x17.3x1.3x
Tue, 01 Apr 2025SEK 37.0bSEK 28.4bSEK 2.2b23.2x16.8x1.3x
Thu, 27 Feb 2025SEK 44.6bSEK 25.7bSEK 2.1b24.6x21.2x1.7x
Sat, 25 Jan 2025SEK 43.5bSEK 25.7bSEK 1.9b21.5x22.4x1.7x
Mon, 23 Dec 2024SEK 42.5bSEK 25.7bSEK 1.9b21.6x21.9x1.7x
Wed, 20 Nov 2024SEK 40.2bSEK 25.7bSEK 2.0b19x20.4x1.6x
Fri, 18 Oct 2024SEK 41.0bSEK 26.0bSEK 2.1b19.4x19.5x1.6x
Sun, 15 Sep 2024SEK 43.9bSEK 26.0bSEK 2.1b20.3x20.9x1.7x
Tue, 13 Aug 2024SEK 43.7bSEK 25.8bSEK 2.1b15.4x21.2x1.7x
Thu, 11 Jul 2024SEK 46.0bSEK 26.1bSEK 2.1b16x21.9x1.8x
Sat, 08 Jun 2024SEK 49.7bSEK 26.1bSEK 2.1b17.2x23.6x1.9x
Mon, 06 May 2024SEK 50.0bSEK 26.1bSEK 2.1b17.6x23.7x1.9x
Wed, 03 Apr 2024SEK 51.6bSEK 26.9bSEK 2.1b18.1x24.5x1.9x
Fri, 01 Mar 2024SEK 47.4bSEK 27.2bSEK 1.7b16.4x27.9x1.7x
Sun, 28 Jan 2024SEK 48.2bSEK 27.3bSEK 1.7b21.5x27.8x1.8x
Tue, 26 Dec 2023SEK 48.5bSEK 28.0bSEK 1.9b21.5x26.2x1.7x
Thu, 23 Nov 2023SEK 43.5bSEK 28.0bSEK 1.9b18.5x23.4x1.6x
Sat, 21 Oct 2023SEK 38.2bSEK 28.5bSEK 1.8b12.2x21.3x1.3x
Mon, 18 Sep 2023SEK 44.9bSEK 28.7bSEK 1.9b13.6x24.2x1.6x
Wed, 16 Aug 2023SEK 46.1bSEK 28.6bSEK 1.9b15.1x24.7x1.6x
Fri, 14 Jul 2023SEK 49.9bSEK 28.5bSEK 1.8b16.2x27.3x1.7x
Sun, 11 Jun 2023SEK 49.8bSEK 28.5bSEK 1.8b16.9x27.2x1.7x
Tue, 09 May 2023SEK 51.1bSEK 28.5bSEK 1.8b18.1x28x1.8x
Price to Earnings Ratio

28x


Total Market Cap: SEK 51.1bTotal Earnings: SEK 1.8bTotal Revenue: SEK 28.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Chemicals Industry Price to Earnings3Y Average 21.3x202420252026
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 15.9x which is lower than its 3-year average PE of 21.3x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have grown 2.8% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SE Market-1.89%
Materials-4.27%
Chemicals-4.93%
Fertilizers and Agricultural Chemicals0%0
Specialty Chemicals-4.83%
Commodity Chemicals-6.45%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry, which is trading close to its 3-year average PE ratio of 38.3x.
    • Analysts are expecting annual earnings growth of 63.3%, 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 17.5x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 63% 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 5.7% 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
KBC KB ComponentsSEK 45.002.5%
+SEK 61.6m		-10.9%PE27.3x
ITECH I-TechSEK 58.406.8%
+SEK 44.4m		-35.3%PE21.1x
ECO B EcoRubSEK 0.08714.2%
+SEK 5.6m		-15.1%PS2.9x
ORGC OrganoClickSEK 0.805.8%
+SEK 4.8m		-67.9%PS0.8x
POLYG Polygiene GroupSEK 7.901.3%
+SEK 3.7m		-22.9%PS2.1x

Latest News

HPOL B
SEK 75.15
HEXPOL
7D
-5.9%
1Y
-12.6%
ARPL
SEK 43.15
Arla Plast
7D
-10.5%
1Y
-11.4%
AERO
SEK 1.01
Svenska Aerogel Holding
7D
2.6%
1Y
-41.1%
KBC
SEK 45.00
KB Components
7D
2.5%
1Y
-10.9%
RECY B
SEK 0.088
Recyctec Holding
7D
-4.8%
1Y
-82.4%
ITECH
SEK 58.40
I-Tech
7D
6.8%
1Y
-35.3%

ITECH: Higher 2025 Dividend Proposal Will Support Future Upside

Analysts have maintained I-Tech's SEK 112.00 price target, citing largely consistent assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News The board of I-Tech AB proposed an ordinary dividend of SEK 1.25 per share, compared with SEK 1.00, linked to net profit for the year from January to December 2025 (Key Developments).
LCLEAN
SEK 0.08
LifeClean International
7D
3.4%
1Y
-71.5%
NEXAM
SEK 2.38
Nexam Chemical Holding
7D
-7.8%
1Y
-32.0%
ORGC
SEK 0.80
OrganoClick
7D
5.8%
1Y
-67.9%
TRIBO B
SEK 0.20
Tribox Group
7D
-6.1%
1Y
-26.9%
POLYG
SEK 7.90
Polygiene Group
7D
1.3%
1Y
-22.9%
ECO B
SEK 0.087
EcoRub
7D
14.2%
1Y
-15.1%
DURC B
SEK 18.05
Duroc
7D
-0.6%
1Y
17.6%
AXIC A
SEK 1.34
aXichem
7D
3.1%
1Y
-13.0%
XPC
SEK 0.17
XP Chemistries
7D
-11.0%
1Y
-60.2%
CIRCHE
SEK 0.94
CirChem
7D
-3.1%
1Y
-62.7%