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Swedish (OMX) Tech Sector Analysis

UpdatedDec 04, 2022
DataAggregated Company Financials
Companies177
  • 7D1.8%
  • 3M2.8%
  • 1Y-25.3%
  • YTD-31.6%

The Tech industry is up 1.8% in the last week, with Telefonaktiebolaget LM Ericsson up 4.1%. In the past year, the industry is down 25%. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

Has the Swedish Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022kr834.7bkr427.1bkr30.2b25.4x27.7x2x
Tue, 01 Nov 2022kr752.7bkr422.6bkr35.1b25x21.5x1.8x
Thu, 29 Sep 2022kr735.7bkr404.7bkr35.0b22.9x21x1.8x
Sat, 27 Aug 2022kr839.6bkr403.0bkr34.9b25x24.1x2.1x
Mon, 25 Jul 2022kr872.3bkr398.6bkr34.5b24.5x25.3x2.2x
Wed, 22 Jun 2022kr835.1bkr385.4bkr33.5b23.9x24.9x2.2x
Fri, 20 May 2022kr867.8bkr384.3bkr33.4b27.7x26x2.3x
Sun, 17 Apr 2022kr988.8bkr387.8bkr33.5b29.5x29.5x2.5x
Tue, 15 Mar 2022kr949.7bkr386.9bkr29.2b26.6x32.5x2.5x
Thu, 10 Feb 2022kr1.1tkr375.1bkr34.3b32x32.9x3x
Sat, 08 Jan 2022kr1.1tkr369.2bkr31.7b38.9x35.8x3.1x
Mon, 06 Dec 2021kr1.1tkr369.2bkr31.8b38.3x34.2x2.9x
Wed, 03 Nov 2021kr1.1tkr363.5bkr31.3b38.2x35.6x3.1x
Fri, 01 Oct 2021kr1.1tkr360.7bkr30.8b33.6x34.7x3x
Sun, 29 Aug 2021kr1.1tkr360.5bkr30.8b33.1x37x3.2x
Mon, 05 Jul 2021kr1.0tkr360.5bkr30.8b29.5x33.4x2.9x
Thu, 08 Apr 2021kr995.0bkr354.9bkr27.6b29.5x36x2.8x
Sun, 10 Jan 2021kr882.8bkr349.5bkr25.2b33.2x35x2.5x
Sat, 03 Oct 2020kr778.9bkr345.2bkr21.9b31.7x35.6x2.3x
Tue, 07 Jul 2020kr659.8bkr344.3bkr9.9b23.2x67x1.9x
Fri, 10 Apr 2020kr540.8bkr346.0bkr10.6b18.5x50.9x1.6x
Thu, 02 Jan 2020kr601.8bkr342.2bkr11.1b25.9x54.2x1.8x
Price to Earnings Ratio

54.2x


Total Market Cap: kr601.8bTotal Earnings: kr11.1bTotal Revenue: kr342.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 39.5x20212022
Current Industry PE
  • Investors are pessimistic on the Swedish Information Technology 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 27.7x which is lower than its 3-year average PE of 39.5x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 223% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 Tech sector?

SE Market0.39%
Tech1.82%
Communications3.87%
Tech Hardware3.24%
Software2.70%
IT2.43%
Semiconductors1.41%
Electronic Equipment and Components0.23%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry, which is trading close to its 3-year average PE ratio of 40.3x.
    • Analysts are expecting annual earnings growth of 11.4%, which is higher than its past year's earnings growth of 3.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 57% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings grow by 6.6% 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
ERIC B Telefonaktiebolaget LM Ericssonkr68.314.1%
+kr9.1b
-25.5%PE10x
NCAB NCAB Groupkr65.4511.7%
+kr1.3b
-27.0%PE29.1x
LAGR B Lagercrantz Groupkr113.905.5%
+kr1.2b
-5.5%PE35.8x
MYCR Mycronickr202.806.3%
+kr1.2b
1.6%PE29.6x
VIT B Vitec Software Groupkr413.205.9%
+kr858.6m
-17.1%PE66.3x
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Latest News

HEXA B

kr120.55

Hexagon

7D

-1.1%

1Y

-6.7%

TPGR

kr23.60

Time People Group

7D

-21.9%

1Y

-34.4%

PAGERO

kr13.26

Pagero Group

7D

-3.9%

1Y

-32.5%

LAGR B

kr113.90

Lagercrantz Group

7D

5.5%

1Y

-5.5%

NCAB

kr65.45

NCAB Group

7D

11.7%

1Y

-27.0%

BELE

kr131.00

Beijer Electronics Group

7D

27.7%

1Y

79.2%

KNOW

kr218.00

Knowit

7D

-1.4%

1Y

-38.0%

TRUE B

kr39.31

Truecaller

7D

5.2%

1Y

-67.4%

CHECK

kr33.12

Checkin.Com Group

7D

-7.4%

1Y

-43.0%

SIVE

kr6.75

Sivers Semiconductors

7D

-3.6%

1Y

-65.4%

ACCON

kr39.90

Acconeer

7D

-6.1%

1Y

-44.4%

ERIC B

kr68.31

Telefonaktiebolaget LM Ericsson

7D

4.1%

1Y

-25.5%