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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedAug 31, 2025
DataAggregated Company Financials
Companies19
  • 7D-1.9%
  • 3M0.04%
  • 1Y4.7%
  • YTD6.8%

Over the last 7 days, the Metals and Mining industry has dropped 1.9%, driven by a pullback from SSAB of 3.1%. In contrast, Grangex has gained 38%. This takes the industry's 12 month performance to a gain of 4.7%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Swedish Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 Aug 2025SEK 184.4bSEK 240.0bSEK 14.6b12.2x12.7x0.8x
Tue, 29 Jul 2025SEK 183.6bSEK 239.9bSEK 14.6b13.9x12.6x0.8x
Thu, 26 Jun 2025SEK 171.7bSEK 242.7bSEK 18.7b12.2x9.2x0.7x
Sat, 24 May 2025SEK 181.6bSEK 242.7bSEK 18.7b12.5x9.7x0.7x
Mon, 21 Apr 2025SEK 171.1bSEK 239.4bSEK 18.8b12.1x9.1x0.7x
Wed, 19 Mar 2025SEK 215.8bSEK 239.4bSEK 18.8b13.4x11.5x0.9x
Fri, 14 Feb 2025SEK 208.0bSEK 239.4bSEK 18.8b16.6x11.1x0.9x
Sun, 12 Jan 2025SEK 168.3bSEK 235.9bSEK 18.9b14.3x8.9x0.7x
Tue, 10 Dec 2024SEK 183.1bSEK 235.9bSEK 18.9b14.7x9.7x0.8x
Thu, 07 Nov 2024SEK 180.4bSEK 235.9bSEK 18.8b12.8x9.6x0.8x
Sat, 05 Oct 2024SEK 182.1bSEK 239.0bSEK 20.3b11x8.9x0.8x
Mon, 02 Sep 2024SEK 172.7bSEK 239.0bSEK 20.3b10.9x8.5x0.7x
Wed, 31 Jul 2024SEK 179.0bSEK 238.9bSEK 20.3b11.2x8.8x0.7x
Fri, 28 Jun 2024SEK 184.5bSEK 238.3bSEK 18.3b12.5x10.1x0.8x
Sun, 26 May 2024SEK 198.5bSEK 238.3bSEK 18.4b13x10.8x0.8x
Tue, 23 Apr 2024SEK 194.5bSEK 245.9bSEK 21.7b12.4x9x0.8x
Thu, 21 Mar 2024SEK 189.5bSEK 246.0bSEK 21.5b11.6x8.8x0.8x
Sat, 17 Feb 2024SEK 193.9bSEK 246.0bSEK 21.4b12.5x9x0.8x
Mon, 15 Jan 2024SEK 191.9bSEK 253.1b-SEK 9,786,613,556.0012.4x-19.6x0.8x
Wed, 13 Dec 2023SEK 236.0bSEK 253.1b-SEK 9,790,084,913.0012.5x-24.1x0.9x
Fri, 10 Nov 2023SEK 182.5bSEK 253.3b-SEK 9,869,247,952.0013.4x-18.5x0.7x
Sun, 08 Oct 2023SEK 175.1bSEK 255.8b-SEK 7,482,583,841.0012.4x-23.4x0.7x
Tue, 05 Sep 2023SEK 173.9bSEK 255.8b-SEK 7,484,294,225.0013.2x-23.2x0.7x
Thu, 03 Aug 2023SEK 174.5bSEK 255.8b-SEK 7,558,422,862.0012.9x-23.1x0.7x
Sat, 01 Jul 2023SEK 191.8bSEK 262.7b-SEK 418,036,689.0011.1x-458.9x0.7x
Mon, 29 May 2023SEK 191.5bSEK 262.7b-SEK 413,895,109.0011.5x-462.7x0.7x
Wed, 26 Apr 2023SEK 195.9bSEK 263.1bSEK 3.2b9.5x62x0.7x
Fri, 24 Mar 2023SEK 206.0bSEK 263.1bSEK 3.3b9.3x61.7x0.8x
Sun, 19 Feb 2023SEK 225.1bSEK 263.1bSEK 3.3b9.2x67.5x0.9x
Tue, 17 Jan 2023SEK 213.7bSEK 252.8bSEK 38.8b6.7x5.5x0.8x
Thu, 15 Dec 2022SEK 190.7bSEK 252.7bSEK 38.8b6.3x4.9x0.8x
Sat, 12 Nov 2022SEK 190.0bSEK 252.6bSEK 38.9b6.4x4.9x0.8x
Mon, 10 Oct 2022SEK 173.1bSEK 240.0bSEK 37.8b6.6x4.6x0.7x
Wed, 07 Sep 2022SEK 166.1bSEK 240.0bSEK 37.9b6.6x4.4x0.7x
Price to Earnings Ratio

4.4x


Total Market Cap: SEK 166.1bTotal Earnings: SEK 37.9bTotal Revenue: SEK 240.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average -32.1x202320242025
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 12.7x which is higher than its 3-year average PE of -32.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 27% 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 industry?

SE Market-2.45%
Materials-2.14%
Metals and Mining-1.85%
Gold0%0
Diversified Metals and Mining-1.09%
Aluminum-1.22%
Silver-1.91%
Steel-3.01%
Precious Metals and Minerals-3.20%
Industry PE
  • Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 13.0x.
    • Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings decline of 6.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 37% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings grow by 14% 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
GRANGX GrangexSEK 62.0037.9%
+SEK 239.0m		533.3%PS21x
NIO Nordic Iron OreSEK 4.9824.8%
+SEK 67.2m		12.2%PB1.3x
VISC Gruvaktiebolaget ViscariaSEK 15.362.4%
+SEK 38.9m		-26.3%PS5x
MAHVIE Mahvie MineralsSEK 0.6478.2%
+SEK 16.7m		177.4%n/a
DRIL DrillconSEK 3.972.1%
+SEK 3.6m		-35.6%PE38.4x

Latest News

ARCT
SEK 5.05
Arctic Minerals
7D
-3.8%
1Y
n/a
PROF B
SEK 149.00
ProfilGruppen
7D
-1.3%
1Y
34.2%
GRNG
SEK 138.80
Gränges
7D
-1.2%
1Y
9.0%

Asia 94% Sales And Shandong Production Will Drive Success

The upward revision in Gränges' consensus price target is primarily driven by improved outlook on both future earnings (P/E rising from 11.22x to 11.80x) and annual revenue growth (now 8.1% vs. 7.8%), resulting in a new fair value estimate of SEK160.67.
LGOLD B
SEK 101.00
Lappland Guldprospektering
7D
2.1%
1Y
n/a
ABAS
SEK 8.95
ABAS Protect
7D
-6.8%
1Y
-7.7%
BOL
SEK 325.80
Boliden
7D
-1.4%
1Y
3.8%
GRANGX
SEK 62.00
Grangex
7D
37.9%
1Y
533.3%
DRIL
SEK 3.97
Drillcon
7D
2.1%
1Y
-35.6%
NIO
SEK 4.98
Nordic Iron Ore
7D
24.8%
1Y
12.2%
VISC
SEK 15.36
Gruvaktiebolaget Viscaria
7D
2.4%
1Y
-26.3%
ALLEI
SEK 69.90
Alleima
7D
-3.1%
1Y
-9.1%

Alleima AB (publ)'s (STO:ALLEI) Share Price Is Matching Sentiment Around Its Earnings

Aug 14
Alleima AB (publ)'s (STO:ALLEI) Share Price Is Matching Sentiment Around Its Earnings
SSAB A
SEK 55.04
SSAB
7D
-3.1%
1Y
10.5%

A Look At The Intrinsic Value Of SSAB AB (publ) (STO:SSAB A)

Aug 13
A Look At The Intrinsic Value Of SSAB AB (publ) (STO:SSAB A)
SOSI
SEK 0.87
Sotkamo Silver
7D
-1.9%
1Y
-6.5%
MAHVIE
SEK 0.64
Mahvie Minerals
7D
78.2%
1Y
177.4%