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Swedish (OMX) Tech Sector Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies162
  • 7D-2.0%
  • 3M4.0%
  • 1Y13.4%
  • YTD3.8%

Over the last 7 days, the Tech industry has dropped 2.0%, driven by Hexagon declining 2.0%. Meanwhile, Sinch actually outperformed within the industry, gaining 20% in the last week. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 44% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024SEK 868.4bSEK 466.4b-SEK 27,412,538,274.8925.1x-31.7x1.9x
Sun, 23 Jun 2024SEK 865.9bSEK 467.0b-SEK 17,992,661,366.1428.2x-48.1x1.9x
Tue, 21 May 2024SEK 882.8bSEK 472.4b-SEK 17,395,275,587.7029.2x-50.7x1.9x
Thu, 18 Apr 2024SEK 831.8bSEK 473.4b-SEK 17,654,074,174.9626.3x-47.1x1.8x
Sat, 16 Mar 2024SEK 861.4bSEK 481.6b-SEK 18,799,987,187.7226.6x-45.8x1.8x
Mon, 12 Feb 2024SEK 823.6bSEK 481.4b-SEK 18,820,161,087.7731.3x-43.8x1.7x
Wed, 10 Jan 2024SEK 835.9bSEK 494.9b-SEK 16,309,438,048.0029.7x-51.3x1.7x
Fri, 08 Dec 2023SEK 775.9bSEK 495.1b-SEK 16,259,070,955.0028.9x-47.7x1.6x
Sun, 05 Nov 2023SEK 673.1bSEK 498.0b-SEK 20,936,154,081.0024.3x-32.2x1.4x
Tue, 03 Oct 2023SEK 693.5bSEK 499.9bSEK 17.3b22.3x40x1.4x
Thu, 31 Aug 2023SEK 712.9bSEK 501.3bSEK 17.5b23.1x40.7x1.4x
Sat, 29 Jul 2023SEK 745.7bSEK 499.1bSEK 17.3b25x43.2x1.5x
Mon, 26 Jun 2023SEK 818.3bSEK 494.9bSEK 23.5b22.7x34.8x1.7x
Wed, 24 May 2023SEK 819.5bSEK 492.9bSEK 23.6b25.2x34.7x1.7x
Fri, 21 Apr 2023SEK 796.4bSEK 487.0bSEK 22.8b27.2x34.9x1.6x
Sun, 19 Mar 2023SEK 779.2bSEK 477.6bSEK 24.2b26.7x32.2x1.6x
Tue, 14 Feb 2023SEK 830.5bSEK 449.3bSEK 28.2b28.3x29.5x1.8x
Thu, 12 Jan 2023SEK 824.7bSEK 429.8bSEK 30.5b27.3x27x1.9x
Sat, 10 Dec 2022SEK 824.3bSEK 427.4bSEK 30.2b26.8x27.3x1.9x
Mon, 07 Nov 2022SEK 757.4bSEK 425.6bSEK 30.0b25.1x25.3x1.8x
Wed, 05 Oct 2022SEK 772.2bSEK 404.3bSEK 35.0b23.1x22.1x1.9x
Fri, 02 Sep 2022SEK 810.6bSEK 403.8bSEK 35.0b24.3x23.2x2x
Sun, 31 Jul 2022SEK 889.4bSEK 401.2bSEK 34.7b24.7x25.6x2.2x
Tue, 28 Jun 2022SEK 853.5bSEK 385.7bSEK 33.5b24.1x25.5x2.2x
Thu, 26 May 2022SEK 867.0bSEK 384.6bSEK 33.5b26.8x25.9x2.3x
Sat, 23 Apr 2022SEK 959.3bSEK 387.5bSEK 33.3b29.2x28.8x2.5x
Mon, 21 Mar 2022SEK 1.0tSEK 386.5bSEK 29.2b28.9x34.5x2.6x
Wed, 16 Feb 2022SEK 1.1tSEK 377.1bSEK 34.3b31.6x32.1x2.9x
Fri, 14 Jan 2022SEK 1.1tSEK 368.9bSEK 31.7b39.8x35.4x3x
Sun, 12 Dec 2021SEK 1.1tSEK 368.8bSEK 31.7b36.9x35.5x3.1x
Tue, 09 Nov 2021SEK 1.1tSEK 365.9bSEK 31.6b41x36.1x3.1x
Thu, 07 Oct 2021SEK 1.0tSEK 360.8bSEK 30.8b32.7x33.9x2.9x
Sat, 04 Sep 2021SEK 1.2tSEK 360.5bSEK 30.8b33.3x37.5x3.2x
Mon, 02 Aug 2021SEK 1.1tSEK 360.5bSEK 30.8b32.7x35.9x3.1x
Price to Earnings Ratio

35.9x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 30.8bTotal Revenue: SEK 360.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 11.8x202220232024
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 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 9.0% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Tech sector?

SE Market-1.57%
Tech-1.98%
Semiconductors7.34%
Software1.85%
Tech Hardware0.39%
Communications-0.12%
IT-4.01%
Electronic Equipment and Components-4.29%
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 36.6x.
    • Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings growth of 4.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 97% over the next 5 years.
  • This is better than its past earnings decline of 29% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 15% 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
SINCH SinchSEK 28.2519.7%
+SEK 3.9b		-0.7%PE121.6x
LAGR B Lagercrantz GroupSEK 182.001.4%
+SEK 535.8m		41.2%PE42.1x
DYVOX Dynavox GroupSEK 61.308.7%
+SEK 513.8m		91.9%PE50.6x
YUBICO YubicoSEK 268.001.5%
+SEK 344.5m		167.5%PE139.4x
ACCON AcconeerSEK 8.9540.9%
+SEK 207.0m		-66.4%PS12.2x
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Latest News

HANZA

SEK 59.20

Hanza

7D

-9.1%

1Y

-31.4%

Earnings Miss: Hanza AB (publ) Missed EPS By 76% And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Hanza AB (publ) Missed EPS By 76% And Analysts Are Revising Their Forecasts

NCAB

SEK 75.00

NCAB Group

7D

-11.8%

1Y

26.1%

Earnings Miss: NCAB Group AB (publ) Missed EPS By 30% And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: NCAB Group AB (publ) Missed EPS By 30% And Analysts Are Revising Their Forecasts

HEXA B

SEK 113.65

Hexagon

7D

-2.0%

1Y

9.1%

These 4 Measures Indicate That Hexagon (STO:HEXA B) Is Using Debt Reasonably Well

Jul 25
These 4 Measures Indicate That Hexagon (STO:HEXA B) Is Using Debt Reasonably Well

DYVOX

SEK 61.30

Dynavox Group

7D

8.7%

1Y

91.9%

LAGR B

SEK 182.00

Lagercrantz Group

7D

1.4%

1Y

41.2%

TRUE B

SEK 33.44

Truecaller

7D

-5.5%

1Y

-22.1%

Analyst Estimates: Here's What Brokers Think Of Truecaller AB (publ) (STO:TRUE B) After Its Second-Quarter Report

Jul 24
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SINCH

SEK 28.25

Sinch

7D

19.7%

1Y

-0.7%

KNOW

SEK 166.00

Knowit

7D

-5.0%

1Y

9.4%

Knowit (STO:KNOW) Is Due To Pay A Dividend Of SEK2.60

Jul 23
Knowit (STO:KNOW) Is Due To Pay A Dividend Of SEK2.60

SIVE

SEK 5.01

Sivers Semiconductors

7D

6.9%

1Y

-28.4%

Sivers Semiconductors AB (publ)'s (STO:SIVE) 33% Jump Shows Its Popularity With Investors

Jul 23
Sivers Semiconductors AB (publ)'s (STO:SIVE) 33% Jump Shows Its Popularity With Investors

ACCON

SEK 8.95

Acconeer

7D

40.9%

1Y

-66.4%

We're Not Very Worried About Acconeer's (STO:ACCON) Cash Burn Rate

Jul 22
We're Not Very Worried About Acconeer's (STO:ACCON) Cash Burn Rate

MYCR

SEK 388.60

Mycronic

7D

-1.0%

1Y

71.5%

ERIC B

SEK 71.00

Telefonaktiebolaget LM Ericsson

7D

-0.5%

1Y

31.5%

ANOD B

SEK 105.40

Addnode Group

7D

-4.5%

1Y

29.5%

YUBICO

SEK 268.00

Yubico

7D

1.5%

1Y

167.5%

SEYE

SEK 100.20

Smart Eye

7D

1.7%

1Y

118.2%

EOID

SEK 43.40

Eyeon Group

7D

14.8%

1Y

1,947.2%