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Swedish (OMX) Metals and Mining Industry Analysis
UpdatedDec 25, 2024
DataAggregated Company Financials
Companies19
- 7D-3.7%
- 3M-5.2%
- 1Y-17.1%
- YTD-16.7%
Over the last 7 days, the Metals and Mining industry has dropped 4.8%, driven by Boliden declining 4.1%. Meanwhile, Nordic Iron Ore actually outperformed within the industry, gaining 7.5% in the last week. However, the industry is down 17% over the past year. Earnings are forecast to grow by 7.6% annually.
Industry Valuation and Performance
Has the Swedish Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Dec 2024 | SEK 164.7b | SEK 235.9b | SEK 18.9b | 14x | 8.7x | 0.7x |
| Fri, 22 Nov 2024 | SEK 171.5b | SEK 235.9b | SEK 18.8b | 13.3x | 9.1x | 0.7x |
| Sun, 20 Oct 2024 | SEK 173.6b | SEK 239.0b | SEK 20.4b | 10.9x | 8.5x | 0.7x |
| Tue, 17 Sep 2024 | SEK 161.3b | SEK 239.0b | SEK 20.4b | 10.4x | 7.9x | 0.7x |
| Thu, 15 Aug 2024 | SEK 166.4b | SEK 238.8b | SEK 20.3b | 11.5x | 8.2x | 0.7x |
| Sat, 13 Jul 2024 | SEK 197.9b | SEK 238.3b | SEK 18.3b | 14.1x | 10.8x | 0.8x |
| Mon, 10 Jun 2024 | SEK 192.2b | SEK 238.3b | SEK 18.4b | 13.2x | 10.5x | 0.8x |
| Wed, 08 May 2024 | SEK 197.0b | SEK 238.4b | SEK 18.4b | 13.4x | 10.7x | 0.8x |
| Fri, 05 Apr 2024 | SEK 196.4b | SEK 245.9b | SEK 21.7b | 12.8x | 9.1x | 0.8x |
| Sun, 03 Mar 2024 | SEK 185.9b | SEK 246.0b | SEK 21.5b | 11x | 8.7x | 0.8x |
| Tue, 30 Jan 2024 | SEK 186.5b | SEK 252.6b | -SEK 9,741,916,621.00 | 11.6x | -19.1x | 0.7x |
| Thu, 28 Dec 2023 | SEK 202.5b | SEK 253.0b | -SEK 9,779,124,050.00 | 12.8x | -20.7x | 0.8x |
| Sat, 25 Nov 2023 | SEK 193.0b | SEK 253.1b | -SEK 9,764,679,265.00 | 12.2x | -19.8x | 0.8x |
| Mon, 23 Oct 2023 | SEK 160.5b | SEK 255.7b | -SEK 8,833,231,469.00 | 12.9x | -18.2x | 0.6x |
| Wed, 20 Sep 2023 | SEK 173.2b | SEK 255.9b | -SEK 7,488,020,286.00 | 12.7x | -23.1x | 0.7x |
| Fri, 18 Aug 2023 | SEK 169.4b | SEK 255.8b | -SEK 7,566,128,457.00 | 13.1x | -22.4x | 0.7x |
| Sun, 16 Jul 2023 | SEK 198.1b | SEK 261.7b | -SEK 376,751,375.00 | 11.4x | -525.9x | 0.8x |
| Tue, 13 Jun 2023 | SEK 203.6b | SEK 262.7b | -SEK 421,948,739.00 | 11.7x | -482.6x | 0.8x |
| Thu, 11 May 2023 | SEK 193.9b | SEK 262.6b | -SEK 327,430,877.00 | 11x | -592.1x | 0.7x |
| Sat, 08 Apr 2023 | SEK 210.6b | SEK 263.2b | SEK 3.2b | 9.8x | 66.5x | 0.8x |
| Mon, 06 Mar 2023 | SEK 229.3b | SEK 263.0b | SEK 3.3b | 9.7x | 68.7x | 0.9x |
| Wed, 01 Feb 2023 | SEK 230.5b | SEK 257.3b | SEK 3.4b | 8.9x | 68.7x | 0.9x |
| Fri, 30 Dec 2022 | SEK 190.8b | SEK 252.7b | SEK 38.8b | 6.2x | 4.9x | 0.8x |
| Sun, 27 Nov 2022 | SEK 185.4b | SEK 252.6b | SEK 38.9b | 6.5x | 4.8x | 0.7x |
| Tue, 25 Oct 2022 | SEK 167.3b | SEK 246.4b | SEK 38.3b | 6x | 4.4x | 0.7x |
| Thu, 22 Sep 2022 | SEK 167.8b | SEK 240.0b | SEK 37.8b | 6.2x | 4.4x | 0.7x |
| Sat, 20 Aug 2022 | SEK 162.6b | SEK 223.8b | SEK 36.0b | 8.3x | 4.5x | 0.7x |
| Mon, 18 Jul 2022 | SEK 144.2b | SEK 208.2b | SEK 30.2b | 13.4x | 4.8x | 0.7x |
| Wed, 15 Jun 2022 | SEK 163.0b | SEK 205.7b | SEK 30.1b | 14.3x | 5.4x | 0.8x |
| Fri, 13 May 2022 | SEK 169.1b | SEK 205.6b | SEK 30.1b | 9.6x | 5.6x | 0.8x |
| Sun, 10 Apr 2022 | SEK 214.5b | SEK 186.6b | SEK 23.8b | 13.2x | 9x | 1.1x |
| Tue, 08 Mar 2022 | SEK 197.8b | SEK 186.7b | SEK 23.8b | 11.1x | 8.3x | 1.1x |
| Thu, 03 Feb 2022 | SEK 177.8b | SEK 184.7b | SEK 23.7b | 12.2x | 7.5x | 1x |
| Sat, 01 Jan 2022 | SEK 162.5b | SEK 172.7b | SEK 18.7b | 12.5x | 8.7x | 0.9x |
Price to Earnings Ratio
8.7x
Current Industry PE
- Investors are pessimistic on the Swedish Metals and Mining 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 8.7x which is higher than its 3-year average PE of -32.8x.
- The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 11% 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 | -1.97% | |
| Materials | -3.41% | |
| Metals and Mining | -3.73% | |
| Precious Metals and Minerals | 0.93% | |
| Copper | 0% | |
| Silver | -0.20% | |
| Aluminum | -2.53% | |
| Steel | -3.64% | |
| Diversified Metals and Mining | -4.00% | |
| Gold | -8.85% | |
Industry PE
- Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 8.4x.
- Analysts are expecting annual earnings growth of 29.6%, which is higher than its past year's earnings decline of 22.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 4.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NIO Nordic Iron Ore | SEK 4.56 | 7.5% +SEK 21.7m | -38.5% | PB1.1x | |
| GRANGX Grangex | SEK 10.82 | 6.5% +SEK 9.3m | -62.4% | PS5.4x | |
| BLUE Bluelake Mineral | SEK 0.89 | 7.5% +SEK 5.8m | -26.2% | PB2.3x | |
| ABAS ABAS Protect | SEK 9.35 | 4.5% +SEK 2.8m | -13.4% | PE19.8x | |
| NG Northgold | SEK 0.59 | 0.9% +SEK 114.1k | -86.8% | PB0.3x |