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Swedish (OMX) Tech Sector Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies157
  • 7D-1.7%
  • 3M5.6%
  • 1Y9.8%
  • YTD9.5%

Over the last 7 days, the Tech industry has dropped 2.5%, driven by a pullback from Telefonaktiebolaget LM Ericsson of 1.9%. This takes the industry's 12 month performance to a gain of 9.8%. Looking forward, earnings are forecast to grow by 38% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024SEK 914.3bSEK 464.9bSEK 3.2b24.7x283.3x2x
Mon, 18 Nov 2024SEK 865.9bSEK 463.7bSEK 3.4b24x256.7x1.9x
Wed, 16 Oct 2024SEK 891.3bSEK 462.3bSEK 7.1b26.4x125.2x1.9x
Fri, 13 Sep 2024SEK 846.3bSEK 464.7b-SEK 27,439,151,901.6827.8x-30.8x1.8x
Sun, 11 Aug 2024SEK 827.2bSEK 464.7b-SEK 27,400,420,292.9625.1x-30.2x1.8x
Tue, 09 Jul 2024SEK 892.3bSEK 468.1b-SEK 17,911,851,627.8930x-49.8x1.9x
Thu, 06 Jun 2024SEK 873.3bSEK 467.5b-SEK 17,575,190,637.1327x-49.7x1.9x
Sat, 04 May 2024SEK 830.3bSEK 472.3b-SEK 17,211,945,436.2728.2x-48.2x1.8x
Mon, 01 Apr 2024SEK 867.0bSEK 483.0b-SEK 18,692,330,293.2628.5x-46.4x1.8x
Wed, 28 Feb 2024SEK 850.9bSEK 482.0b-SEK 19,411,699,978.1327.4x-43.8x1.8x
Fri, 26 Jan 2024SEK 828.6bSEK 480.7b-SEK 18,974,168,890.0031.1x-43.7x1.7x
Sun, 24 Dec 2023SEK 844.7bSEK 493.9b-SEK 16,393,310,974.0029.3x-51.5x1.7x
Tue, 21 Nov 2023SEK 727.7bSEK 497.0b-SEK 16,236,186,583.0027.3x-44.8x1.5x
Thu, 19 Oct 2023SEK 666.0bSEK 496.2b-SEK 18,580,234,260.0021.2x-35.8x1.3x
Sat, 16 Sep 2023SEK 702.8bSEK 502.0bSEK 17.6b22.7x40x1.4x
Mon, 14 Aug 2023SEK 736.5bSEK 500.9bSEK 17.4b24.1x42.3x1.5x
Wed, 12 Jul 2023SEK 806.6bSEK 495.1bSEK 23.5b23.5x34.3x1.6x
Fri, 09 Jun 2023SEK 832.1bSEK 494.3bSEK 23.5b23.3x35.4x1.7x
Sun, 07 May 2023SEK 806.4bSEK 490.7bSEK 23.3b26.9x34.5x1.6x
Tue, 04 Apr 2023SEK 819.8bSEK 478.5bSEK 24.1b27.3x34x1.7x
Thu, 02 Mar 2023SEK 803.3bSEK 452.9bSEK 24.0b27.7x33.5x1.8x
Sat, 28 Jan 2023SEK 819.5bSEK 446.4bSEK 27.7b26.2x29.6x1.8x
Mon, 26 Dec 2022SEK 772.6bSEK 429.2bSEK 30.5b26.6x25.4x1.8x
Wed, 23 Nov 2022SEK 806.3bSEK 427.7bSEK 30.2b25x26.7x1.9x
Fri, 21 Oct 2022SEK 724.7bSEK 405.4bSEK 35.1b23.7x20.6x1.8x
Sun, 18 Sep 2022SEK 791.2bSEK 404.1bSEK 35.0b25.1x22.6x2x
Tue, 16 Aug 2022SEK 889.3bSEK 401.9bSEK 35.0b25.6x25.4x2.2x
Thu, 14 Jul 2022SEK 843.3bSEK 385.4bSEK 33.4b23.9x25.2x2.2x
Sat, 11 Jun 2022SEK 863.7bSEK 385.0bSEK 33.4b24.9x25.8x2.2x
Mon, 09 May 2022SEK 872.3bSEK 397.4bSEK 33.5b27x26.1x2.2x
Wed, 06 Apr 2022SEK 1.0tSEK 381.2bSEK 33.7b30.4x30.7x2.7x
Fri, 04 Mar 2022SEK 922.2bSEK 383.5bSEK 34.4b26.8x26.8x2.4x
Sun, 30 Jan 2022SEK 1.1tSEK 372.3bSEK 34.6b35x31x2.9x
Tue, 28 Dec 2021SEK 1.2tSEK 369.3bSEK 31.8b38.2x36.5x3.1x
Price to Earnings Ratio

36.5x


Total Market Cap: SEK 1.2tTotal Earnings: SEK 31.8bTotal Revenue: SEK 369.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 17.7x202220232024
Current Industry PE
  • Investors are optimistic on the Swedish Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 287x which is higher than its 3-year average PE of 17.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 54% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.0% 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-2.70%
Tech-1.73%
Tech Hardware-0.95%
Electronic Equipment and Components-1.40%
IT-1.64%
Communications-1.77%
Semiconductors-2.47%
Software-2.58%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry even though it's trading below its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 36.1%, which is higher than its past year's earnings growth of 17.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 106% over the next 5 years.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 13% 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
VIT B Vitec Software GroupSEK 530.503.9%
+SEK 797.0m		-7.6%PE53.7x
LIME Lime TechnologiesSEK 355.503.2%
+SEK 146.1m		17.5%PE52.9x
EPEN EpendionSEK 94.404.5%
+SEK 119.1m		-24.5%PE17.5x
247 24SevenOffice GroupSEK 23.904.8%
+SEK 74.8m		142.4%PS4.1x
HANZA HanzaSEK 76.202.3%
+SEK 74.2m		-10.6%PE26.2x
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Latest News

LAGR B

SEK 211.20

Lagercrantz Group

7D

-2.1%

1Y

60.7%

247

SEK 23.90

24SevenOffice Group

7D

4.8%

1Y

142.4%

YUBICO

SEK 241.00

Yubico

7D

-7.7%

1Y

106.7%

PACT

SEK 119.60

Proact IT Group

7D

-9.9%

1Y

28.1%

Do Proact IT Group's (STO:PACT) Earnings Warrant Your Attention?

Dec 17
Do Proact IT Group's (STO:PACT) Earnings Warrant Your Attention?

HEXA B

SEK 105.55

Hexagon

7D

-1.3%

1Y

-11.5%

HANZA

SEK 76.20

Hanza

7D

2.3%

1Y

-10.6%

ERIC B

SEK 89.10

Telefonaktiebolaget LM Ericsson

7D

-1.9%

1Y

42.1%

Are Investors Undervaluing Telefonaktiebolaget LM Ericsson (publ) (STO:ERIC B) By 24%?

Dec 13
Are Investors Undervaluing Telefonaktiebolaget LM Ericsson (publ) (STO:ERIC B) By 24%?

VIT B

SEK 530.50

Vitec Software Group

7D

3.9%

1Y

-7.6%

TOBII

SEK 1.87

Tobii

7D

18.6%

1Y

-70.3%

SINCH

SEK 20.06

Sinch

7D

-5.3%

1Y

-44.2%

MYCR

SEK 398.60

Mycronic

7D

-2.3%

1Y

38.5%

Mycronic (STO:MYCR) Knows How To Allocate Capital

Dec 09
Mycronic (STO:MYCR) Knows How To Allocate Capital

TRUE B

SEK 50.25

Truecaller

7D

-5.5%

1Y

45.6%

CLAV

SEK 2.22

Clavister Holding AB (publ.)

7D

11.3%

1Y

-10.1%

Clavister Holding AB (publ.)'s (STO:CLAV) 29% Share Price Surge Not Quite Adding Up

Nov 28
Clavister Holding AB (publ.)'s (STO:CLAV) 29% Share Price Surge Not Quite Adding Up

BERNER B

SEK 35.60

Berner Industrier

7D

11.6%

1Y

23.6%

We Think Berner Industrier's (STO:BERNER B) Healthy Earnings Might Be Conservative

Nov 12
We Think Berner Industrier's (STO:BERNER B) Healthy Earnings Might Be Conservative

LIME

SEK 355.50

Lime Technologies

7D

3.2%

1Y

17.5%

Lime Technologies' (STO:LIME) Solid Earnings Have Been Accounted For Conservatively

Nov 03
Lime Technologies' (STO:LIME) Solid Earnings Have Been Accounted For Conservatively

EPEN

SEK 94.40

Ependion

7D

4.5%

1Y

-24.5%