Estimating The Fair Value Of SSAB AB (publ) (STO:SSAB A)
Jul 03
Swedish (OMX) Metals and Mining Industry Analysis
UpdatedJul 21, 2024
DataAggregated Company Financials
Companies20
- 7D-8.7%
- 3M-6.7%
- 1Y7.7%
- YTD-9.1%
Over the last 7 days, the Metals and Mining industry has dropped 8.7%, driven by Boliden declining 13%. Over the past 12 months, the industry was up 7.7%. 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 |
|---|---|---|---|---|---|---|
| Sun, 21 Jul 2024 | SEK 180.6b | SEK 242.7b | SEK 21.4b | 12.4x | 8.4x | 0.7x |
| Tue, 18 Jun 2024 | SEK 185.7b | SEK 238.3b | SEK 18.4b | 13.2x | 10.1x | 0.8x |
| Thu, 16 May 2024 | SEK 199.4b | SEK 238.4b | SEK 18.4b | 13.7x | 10.8x | 0.8x |
| Sat, 13 Apr 2024 | SEK 200.7b | SEK 245.9b | SEK 21.7b | 12.9x | 9.3x | 0.8x |
| Mon, 11 Mar 2024 | SEK 180.4b | SEK 246.0b | SEK 21.5b | 11x | 8.4x | 0.7x |
| Wed, 07 Feb 2024 | SEK 185.7b | SEK 248.8b | SEK 22.3b | 11.3x | 8.3x | 0.7x |
| Fri, 05 Jan 2024 | SEK 196.8b | SEK 253.0b | -SEK 9,784,962,753.00 | 12.7x | -20.1x | 0.8x |
| Sun, 03 Dec 2023 | SEK 198.9b | SEK 253.1b | -SEK 9,764,174,771.00 | 12.6x | -20.4x | 0.8x |
| Tue, 31 Oct 2023 | SEK 177.3b | SEK 253.3b | -SEK 9,876,848,777.00 | 13x | -18x | 0.7x |
| Thu, 28 Sep 2023 | SEK 172.2b | SEK 255.8b | -SEK 7,484,874,078.00 | 13x | -23x | 0.7x |
| Sat, 26 Aug 2023 | SEK 166.8b | SEK 255.8b | -SEK 7,479,234,348.00 | 11.8x | -22.3x | 0.7x |
| Mon, 24 Jul 2023 | SEK 168.4b | SEK 255.7b | -SEK 7,567,741,458.00 | 11.6x | -22.3x | 0.7x |
| Wed, 21 Jun 2023 | SEK 195.2b | SEK 262.7b | -SEK 420,910,273.00 | 11.7x | -463.8x | 0.7x |
| Fri, 19 May 2023 | SEK 193.4b | SEK 262.6b | -SEK 340,729,589.00 | 10.9x | -567.6x | 0.7x |
| Sun, 16 Apr 2023 | SEK 221.2b | SEK 263.2b | SEK 3.2b | 10.2x | 69.7x | 0.8x |
| Tue, 14 Mar 2023 | SEK 214.8b | SEK 263.1b | SEK 3.3b | 9.4x | 64.4x | 0.8x |
| Thu, 09 Feb 2023 | SEK 223.1b | SEK 257.3b | SEK 3.3b | 9.3x | 66.6x | 0.9x |
| Sat, 07 Jan 2023 | SEK 195.8b | SEK 252.7b | SEK 38.8b | 6.4x | 5x | 0.8x |
| Mon, 05 Dec 2022 | SEK 189.7b | SEK 252.7b | SEK 38.8b | 6.6x | 4.9x | 0.8x |
| Wed, 02 Nov 2022 | SEK 167.7b | SEK 252.6b | SEK 38.9b | 6.2x | 4.3x | 0.7x |
| Fri, 30 Sep 2022 | SEK 163.0b | SEK 240.0b | SEK 37.8b | 5.7x | 4.3x | 0.7x |
| Sun, 28 Aug 2022 | SEK 166.1b | SEK 223.8b | SEK 36.0b | 8.3x | 4.6x | 0.7x |
| Tue, 26 Jul 2022 | SEK 151.6b | SEK 223.7b | SEK 36.0b | 14.3x | 4.2x | 0.7x |
| Thu, 23 Jun 2022 | SEK 154.0b | SEK 205.7b | SEK 30.1b | 13.4x | 5.1x | 0.7x |
| Sat, 21 May 2022 | SEK 175.9b | SEK 205.7b | SEK 30.1b | 10.1x | 5.8x | 0.9x |
| Mon, 18 Apr 2022 | SEK 216.9b | SEK 186.6b | SEK 23.8b | 14.1x | 9.1x | 1.2x |
| Wed, 16 Mar 2022 | SEK 188.9b | SEK 186.7b | SEK 23.8b | 11x | 7.9x | 1x |
| Fri, 11 Feb 2022 | SEK 185.0b | SEK 184.7b | SEK 23.7b | 13x | 7.8x | 1x |
| Sun, 09 Jan 2022 | SEK 169.2b | SEK 172.7b | SEK 18.7b | 12.6x | 9.1x | 1x |
| Tue, 07 Dec 2021 | SEK 147.0b | SEK 172.7b | SEK 18.7b | 12.1x | 7.9x | 0.9x |
| Thu, 04 Nov 2021 | SEK 144.3b | SEK 172.5b | SEK 18.6b | 13.7x | 7.8x | 0.8x |
| Sat, 02 Oct 2021 | SEK 133.7b | SEK 157.3b | SEK 13.6b | 15.1x | 9.8x | 0.8x |
| Mon, 30 Aug 2021 | SEK 147.7b | SEK 157.2b | SEK 13.6b | 16.1x | 10.9x | 0.9x |
Price to Earnings Ratio
11.5x
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 8.4x which is higher than its 3-year average PE of -33.1x.
- The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swedish Materials industry?
| SE Market | -1.84% | |
| Materials | -3.93% | |
| Metals and Mining | -8.72% | |
| Copper | 0% | |
| Aluminum | -0.75% | |
| Silver | -1.88% | |
| Steel | -4.93% | |
| Gold | -10.39% | |
| Diversified Metals and Mining | -12.92% | |
| Precious Metals and Minerals | -13.77% | |
Industry PE
- Investors are most optimistic about the Aluminum industry, which is trading close to its 3-year average PE ratio of 13.5x.
- Analysts are expecting annual earnings growth of 20.9%, which is lower than the prior year's growth of 55.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 55% per year.
- In contrast, the Steel industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| PROF B ProfilGruppen | SEK 124.00 | 1.2% +SEK 11.1m | 14.6% | PE9x | |
| BAT Eurobattery Minerals | SEK 0.20 | 9.9% +SEK 2.1m | -95.2% | PB0.2x | |
| ARCT Arctic Minerals | SEK 0.30 | 2.3% +SEK 1.2m | -31.1% | PB1x | |
| ABAS ABAS Protect | SEK 11.00 | 0.9% +SEK 706.5k | 0% | PE14.4x | |
| MAHVIE Mahvie Minerals | SEK 0.27 | 5.1% +SEK 527.8k | -39.2% | n/a |