Earnings Beat: Boliden AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Jul 24
Swedish (OMX) Metals and Mining Industry Analysis
UpdatedJul 31, 2024
DataAggregated Company Financials
Companies20
- 7D-2.1%
- 3M-10.3%
- 1Y0.7%
- YTD-9.8%
Over the last 7 days, the Metals and Mining industry has dropped 2.1%, driven by SSAB declining 2.4%. On the other hand Botnia Exploration Holding is actually up 5.9%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 7.2% 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 |
|---|---|---|---|---|---|---|
| Thu, 01 Aug 2024 | SEK 179.0b | SEK 238.9b | SEK 20.3b | 11.2x | 8.8x | 0.7x |
| Sat, 29 Jun 2024 | SEK 187.5b | SEK 238.3b | SEK 18.3b | 12.3x | 10.2x | 0.8x |
| Mon, 27 May 2024 | SEK 198.5b | SEK 238.3b | SEK 18.4b | 13x | 10.8x | 0.8x |
| Wed, 24 Apr 2024 | SEK 192.7b | SEK 243.8b | SEK 19.5b | 13.3x | 9.9x | 0.8x |
| Fri, 22 Mar 2024 | SEK 197.7b | SEK 245.9b | SEK 21.7b | 11.8x | 9.1x | 0.8x |
| Sun, 18 Feb 2024 | SEK 193.9b | SEK 246.0b | SEK 21.4b | 12.5x | 9x | 0.8x |
| Tue, 16 Jan 2024 | SEK 189.7b | SEK 253.1b | -SEK 9,787,222,910.00 | 12.3x | -19.4x | 0.7x |
| Thu, 14 Dec 2023 | SEK 193.0b | SEK 253.1b | -SEK 9,789,876,998.00 | 12.6x | -19.7x | 0.8x |
| Sat, 11 Nov 2023 | SEK 180.7b | SEK 253.3b | -SEK 9,871,341,835.00 | 13.4x | -18.3x | 0.7x |
| Mon, 09 Oct 2023 | SEK 175.1b | SEK 255.8b | -SEK 7,482,583,841.00 | 12.4x | -23.4x | 0.7x |
| Wed, 06 Sep 2023 | SEK 174.7b | SEK 255.9b | -SEK 7,486,659,831.00 | 13.3x | -23.3x | 0.7x |
| Fri, 04 Aug 2023 | SEK 175.0b | SEK 255.8b | -SEK 7,558,668,930.00 | 13.7x | -23.2x | 0.7x |
| Sun, 02 Jul 2023 | SEK 191.8b | SEK 262.7b | -SEK 418,036,689.00 | 11.1x | -458.9x | 0.7x |
| Tue, 30 May 2023 | SEK 190.7b | SEK 262.7b | -SEK 415,009,785.00 | 11.5x | -459.5x | 0.7x |
| Thu, 27 Apr 2023 | SEK 197.0b | SEK 261.3b | SEK 1.7b | 11x | 114.3x | 0.8x |
| Sat, 25 Mar 2023 | SEK 203.5b | SEK 263.2b | SEK 3.2b | 9.8x | 64.2x | 0.8x |
| Mon, 20 Feb 2023 | SEK 225.1b | SEK 263.1b | SEK 3.3b | 9.2x | 67.5x | 0.9x |
| Wed, 18 Jan 2023 | SEK 214.0b | SEK 252.8b | SEK 38.8b | 6.6x | 5.5x | 0.8x |
| Fri, 16 Dec 2022 | SEK 188.1b | SEK 252.7b | SEK 38.8b | 6.1x | 4.8x | 0.7x |
| Sun, 13 Nov 2022 | SEK 190.0b | SEK 252.6b | SEK 38.9b | 6.4x | 4.9x | 0.8x |
| Tue, 11 Oct 2022 | SEK 176.8b | SEK 240.0b | SEK 37.8b | 6.6x | 4.7x | 0.7x |
| Thu, 08 Sep 2022 | SEK 166.1b | SEK 240.0b | SEK 37.9b | 6.6x | 4.4x | 0.7x |
| Sat, 06 Aug 2022 | SEK 155.4b | SEK 223.7b | SEK 35.9b | 10.8x | 4.3x | 0.7x |
| Mon, 04 Jul 2022 | SEK 143.3b | SEK 205.8b | SEK 30.1b | 13x | 4.8x | 0.7x |
| Wed, 01 Jun 2022 | SEK 186.8b | SEK 205.6b | SEK 30.1b | 10.7x | 6.2x | 0.9x |
| Fri, 29 Apr 2022 | SEK 191.2b | SEK 200.8b | SEK 28.3b | 11.1x | 6.8x | 1x |
| Sun, 27 Mar 2022 | SEK 221.1b | SEK 186.6b | SEK 23.8b | 12.6x | 9.3x | 1.2x |
| Tue, 22 Feb 2022 | SEK 176.6b | SEK 186.7b | SEK 23.9b | 12.5x | 7.4x | 0.9x |
| Thu, 20 Jan 2022 | SEK 179.9b | SEK 172.7b | SEK 18.7b | 13.2x | 9.6x | 1x |
| Sat, 18 Dec 2021 | SEK 159.2b | SEK 172.7b | SEK 18.7b | 12.7x | 8.5x | 0.9x |
| Mon, 15 Nov 2021 | SEK 146.3b | SEK 172.5b | SEK 18.6b | 15.2x | 7.9x | 0.8x |
| Wed, 13 Oct 2021 | SEK 141.0b | SEK 157.3b | SEK 13.6b | 15.2x | 10.4x | 0.9x |
| Fri, 10 Sep 2021 | SEK 143.9b | SEK 157.2b | SEK 13.6b | 16.1x | 10.6x | 0.9x |
| Sun, 08 Aug 2021 | SEK 156.9b | SEK 157.2b | SEK 13.6b | 15.7x | 11.5x | 1x |
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 8.8x 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 0.81x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 15% 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 | -0.19% | |
| Materials | -2.62% | |
| Metals and Mining | -2.11% | |
| Copper | 0% | |
| Diversified Metals and Mining | -0.11% | |
| Gold | -0.47% | |
| Aluminum | -3.63% | |
| Steel | -3.96% | |
| Precious Metals and Minerals | -8.09% | |
| Silver | -37.87% | |
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 Silver industry, expecting annual earnings growth of 35% over the next 5 years.
- 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 | |
|---|---|---|---|---|---|
| BOTX Botnia Exploration Holding | SEK 11.70 | 5.4% +SEK 38.2m | 6.4% | PS6120.8x | |
| NIO Nordic Iron Ore | SEK 5.00 | 0.8% +SEK 2.7m | -54.5% | PB2.6x | |
| BAT Eurobattery Minerals | SEK 0.21 | 4.4% +SEK 1.1m | -94.6% | PB0.2x | |
| ALONNR B Archelon Natural Resources | SEK 0.51 | 2.0% +SEK 231.7k | -36.3% | n/a |