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Swedish (OMX) Tech Sector Analysis

UpdatedApr 22, 2024
DataAggregated Company Financials
Companies172
  • 7D-0.9%
  • 3M1.5%
  • 1Y1.9%
  • YTD-0.8%

Over the last 7 days, the Tech industry has remained flat, although notably Telefonaktiebolaget LM Ericsson gained 6.7%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 34% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Apr 2024kr833.2bkr473.8b-kr17,334,360,150.8026x-48.1x1.8x
Thu, 21 Mar 2024kr849.3bkr482.0b-kr18,761,357,829.7126.6x-45.3x1.8x
Sat, 17 Feb 2024kr841.1bkr481.6b-kr18,719,235,183.1530.5x-44.9x1.7x
Mon, 15 Jan 2024kr841.3bkr494.5b-kr16,311,368,313.0031.5x-51.6x1.7x
Wed, 13 Dec 2023kr809.4bkr495.3b-kr16,237,956,525.0028.4x-49.8x1.6x
Fri, 10 Nov 2023kr691.0bkr497.7b-kr16,211,193,667.0025.7x-42.6x1.4x
Sun, 08 Oct 2023kr688.9bkr500.1bkr17.3b22.4x39.7x1.4x
Tue, 05 Sep 2023kr722.5bkr501.8bkr17.6b23.4x41.2x1.4x
Thu, 03 Aug 2023kr740.9bkr499.9bkr17.4b24.2x42.7x1.5x
Sat, 01 Jul 2023kr848.2bkr495.1bkr23.5b23.5x36.1x1.7x
Mon, 29 May 2023kr826.7bkr493.9bkr23.5b25.1x35.2x1.7x
Wed, 26 Apr 2023kr792.8bkr487.2bkr22.8b27.1x34.7x1.6x
Fri, 24 Mar 2023kr782.6bkr477.5bkr24.2b27.3x32.3x1.6x
Sun, 19 Feb 2023kr827.1bkr452.1bkr27.5b27.4x30x1.8x
Tue, 17 Jan 2023kr844.5bkr429.9bkr30.5b28.3x27.6x2x
Thu, 15 Dec 2022kr834.5bkr427.4bkr30.2b26x27.6x2x
Sat, 12 Nov 2022kr839.4bkr426.0bkr30.0b25.2x28x2x
Mon, 10 Oct 2022kr741.2bkr404.8bkr35.1b23.1x21.1x1.8x
Wed, 07 Sep 2022kr820.8bkr403.5bkr34.9b24.3x23.5x2x
Fri, 05 Aug 2022kr895.1bkr400.8bkr34.9b24.4x25.6x2.2x
Sun, 03 Jul 2022kr821.7bkr386.1bkr33.6b24.4x24.5x2.1x
Tue, 31 May 2022kr919.5bkr384.4bkr33.4b26.6x27.6x2.4x
Thu, 28 Apr 2022kr915.3bkr387.9bkr33.3b29.2x27.5x2.4x
Sat, 26 Mar 2022kr991.9bkr381.6bkr34.0b27.9x29.2x2.6x
Mon, 21 Feb 2022kr973.1bkr381.3bkr34.4b30.1x28.3x2.6x
Wed, 19 Jan 2022kr1.1tkr369.4bkr31.8b37.1x33.9x2.9x
Fri, 17 Dec 2021kr1.1tkr368.8bkr31.7b38.7x35.3x3x
Sun, 14 Nov 2021kr1.1tkr366.8bkr31.8b35.5x36x3.1x
Tue, 12 Oct 2021kr1.1tkr360.6bkr30.8b33.2x34.6x3x
Thu, 09 Sep 2021kr1.1tkr360.7bkr30.8b33.4x37.1x3.2x
Sat, 07 Aug 2021kr1.1tkr360.5bkr30.8b31.9x35.7x3x
Fri, 30 Apr 2021kr1.0tkr354.9bkr27.6b33.5x36.6x2.8x
Price to Earnings Ratio

36.6x


Total Market Cap: kr1.0tTotal Earnings: kr27.6bTotal Revenue: kr354.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Tech Sector Price to Earnings3Y Average 18.9x202220232024
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 2.2x is higher than the industry's current PS ratio of 1.8x.
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 10% 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-1.61%
Tech-0.94%
Communications3.94%
Semiconductors3.57%
Tech Hardware-0.54%
IT-1.32%
Electronic Equipment and Components-2.53%
Software-3.08%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 73.3x.
    • Analysts are expecting annual earnings growth of 30.4%, which is lower than the prior year's growth of 46.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 11% 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
ERIC B Telefonaktiebolaget LM Ericssonkr57.206.7%
+kr12.1b
3.7%PS0.7x
HMS HMS Networkskr422.80-3.6%
kr733.0m
-5.8%PE42x
MYCR Mycronickr368.001.4%
+kr507.5m
47.0%PE26.8x
YUBICO Yubicokr178.801.6%
+kr241.1m
72.6%PE108.2x
NCAB NCAB Groupkr63.001.8%
+kr205.7m
2.7%PE29.2x
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Latest News

HMS

kr422.80

HMS Networks

7D

-3.6%

1Y

-5.8%

VIT B

kr500.00

Vitec Software Group

7D

-9.1%

1Y

0.2%

YUBICO

kr178.80

Yubico

7D

1.6%

1Y

72.6%

NOTE

kr127.70

NOTE

7D

-4.0%

1Y

-44.4%

SIVE

kr6.17

Sivers Semiconductors

7D

12.8%

1Y

-15.9%

ANOD B

kr114.00

Addnode Group

7D

-1.8%

1Y

-7.8%

TDVOX

kr60.90

Tobii Dynavox

7D

2.0%

1Y

128.5%

ERIC B

kr57.20

Telefonaktiebolaget LM Ericsson

7D

6.7%

1Y

3.7%

SINCH

kr25.09

Sinch

7D

-2.5%

1Y

5.3%

EOID

kr15.20

Eyeonid Group

7D

60.2%

1Y

339.3%