Mycronic (STO:MYCR) Has Announced That It Will Be Increasing Its Dividend To SEK4.50
Apr 22
Swedish (OMX) Tech Sector Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies172
- 7D2.0%
- 3M3.7%
- 1Y3.7%
- YTD1.1%
The Tech industry is up 2.0% in the last week, with Telefonaktiebolaget LM Ericsson up 6.2%. In the same time, Vitec Software Group was down 5.5%. In the last 12 months, the industry was up 4.4%. Looking forward, earnings are forecast to grow by 34% annually.
Sector Valuation and Performance
Has the Swedish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | kr849.5b | kr473.4b | -kr17,342,929,530.41 | 27.1x | -49x | 1.8x |
| Sat, 23 Mar 2024 | kr865.0b | kr482.4b | -kr18,732,106,173.72 | 26.5x | -46.2x | 1.8x |
| Mon, 19 Feb 2024 | kr841.1b | kr482.2b | -kr18,286,714,183.15 | 31.8x | -46x | 1.7x |
| Wed, 17 Jan 2024 | kr829.0b | kr495.0b | -kr16,270,718,545.00 | 31x | -51x | 1.7x |
| Fri, 15 Dec 2023 | kr833.9b | kr495.0b | -kr16,297,286,683.00 | 26.5x | -51.2x | 1.7x |
| Sun, 12 Nov 2023 | kr682.9b | kr498.2b | -kr16,167,780,411.00 | 26x | -42.2x | 1.4x |
| Tue, 10 Oct 2023 | kr684.6b | kr500.0b | kr17.3b | 22x | 39.5x | 1.4x |
| Thu, 07 Sep 2023 | kr725.1b | kr502.0b | kr17.6b | 23.3x | 41.3x | 1.4x |
| Sat, 05 Aug 2023 | kr741.4b | kr499.4b | kr17.3b | 23.6x | 42.9x | 1.5x |
| Mon, 03 Jul 2023 | kr848.3b | kr495.1b | kr23.5b | 23.5x | 36.1x | 1.7x |
| Wed, 31 May 2023 | kr825.6b | kr494.2b | kr23.5b | 24.3x | 35.1x | 1.7x |
| Fri, 28 Apr 2023 | kr808.0b | kr488.0b | kr22.9b | 26.2x | 35.2x | 1.7x |
| Sun, 26 Mar 2023 | kr775.4b | kr477.7b | kr24.2b | 27.1x | 32.1x | 1.6x |
| Tue, 21 Feb 2023 | kr822.7b | kr451.4b | kr27.4b | 26.9x | 30x | 1.8x |
| Thu, 19 Jan 2023 | kr834.9b | kr429.1b | kr30.4b | 28.3x | 27.4x | 1.9x |
| Sat, 17 Dec 2022 | kr778.6b | kr428.3b | kr30.4b | 25.3x | 25.6x | 1.8x |
| Mon, 14 Nov 2022 | kr839.4b | kr426.3b | kr30.1b | 25.3x | 27.9x | 2x |
| Wed, 12 Oct 2022 | kr730.9b | kr405.2b | kr35.1b | 23.1x | 20.8x | 1.8x |
| Fri, 09 Sep 2022 | kr827.5b | kr403.5b | kr34.9b | 24x | 23.7x | 2.1x |
| Sun, 07 Aug 2022 | kr876.4b | kr401.0b | kr34.9b | 25.1x | 25.1x | 2.2x |
| Tue, 05 Jul 2022 | kr818.8b | kr386.3b | kr33.6b | 23.9x | 24.4x | 2.1x |
| Thu, 02 Jun 2022 | kr896.1b | kr384.4b | kr33.3b | 26.8x | 26.9x | 2.3x |
| Sat, 30 Apr 2022 | kr929.4b | kr391.5b | kr33.2b | 28.5x | 28x | 2.4x |
| Mon, 28 Mar 2022 | kr992.5b | kr381.6b | kr34.0b | 27.9x | 29.2x | 2.6x |
| Wed, 23 Feb 2022 | kr968.9b | kr381.1b | kr34.4b | 29.6x | 28.2x | 2.5x |
| Fri, 21 Jan 2022 | kr1.1t | kr369.4b | kr31.8b | 37.9x | 34.2x | 2.9x |
| Sun, 19 Dec 2021 | kr1.1t | kr368.9b | kr31.7b | 38.5x | 35.3x | 3x |
| Tue, 16 Nov 2021 | kr1.1t | kr367.2b | kr31.8b | 35.1x | 36.1x | 3.1x |
| Thu, 14 Oct 2021 | kr1.1t | kr360.4b | kr30.7b | 33.7x | 35.8x | 3x |
| Sat, 11 Sep 2021 | kr1.1t | kr360.7b | kr30.8b | 34.9x | 37.1x | 3.2x |
| Mon, 09 Aug 2021 | kr1.1t | kr360.5b | kr30.8b | 31.7x | 35.7x | 3.1x |
| Sun, 02 May 2021 | kr1.0t | kr354.9b | kr27.6b | 33.5x | 36.6x | 2.8x |
Price to Earnings Ratio
36.6x
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 | 0.92% | |
| Tech | 1.96% | |
| Semiconductors | 4.34% | |
| Communications | 4.01% | |
| Software | 1.74% | |
| Electronic Equipment and Components | 1.68% | |
| IT | -3.77% | |
| Tech Hardware | -6.35% | |
Industry PE
- Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 73.5x.
- Analysts are expecting annual earnings growth of 32.2%, which is lower than the prior year's growth of 58.1% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ERIC B Telefonaktiebolaget LM Ericsson | kr57.36 | 4.5% +kr8.2b | 4.7% | PS0.8x | |
| HEXA B Hexagon | kr122.85 | 0.9% +kr3.1b | 5.9% | PE33x | |
| MYCR Mycronic | kr379.20 | 6.6% +kr2.3b | 52.0% | PE27.7x | |
| LAGR B Lagercrantz Group | kr166.10 | 4.0% +kr1.3b | 31.5% | PE40.3x | |
| SINCH Sinch | kr25.88 | 5.0% +kr1.0b | 6.7% | PE519.7x |
