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Swedish (OMX) IT Industry Analysis

UpdatedMar 29, 2023
DataAggregated Company Financials
Companies32
  • 7D-1.9%
  • 3M12.2%
  • 1Y-6.6%
  • YTD10.1%

The IT is pretty flat in the last 7 days, but B3 Consulting Group has stood out, gaining 5.8%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Swedish IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Mar 2023kr38.7bkr26.9bkr1.4b16x27.2x1.4x
Fri, 24 Feb 2023kr39.3bkr26.7bkr1.4b18.2x28.4x1.5x
Sun, 22 Jan 2023kr36.8bkr25.2bkr1.2b15.4x29.5x1.5x
Tue, 20 Dec 2022kr34.2bkr25.4bkr1.3b15x27x1.3x
Thu, 17 Nov 2022kr35.7bkr25.1bkr1.3b14.6x28.1x1.4x
Sat, 15 Oct 2022kr31.4bkr23.3bkr1.3b14.1x24.8x1.3x
Mon, 12 Sep 2022kr42.0bkr23.3bkr1.3b14.7x33.2x1.8x
Wed, 10 Aug 2022kr42.7bkr23.1bkr1.3b15.4x32.8x1.8x
Fri, 08 Jul 2022kr41.9bkr21.5bkr1.1b16.1x36.5x1.9x
Sun, 05 Jun 2022kr39.8bkr21.5bkr1.1b16.6x34.8x1.9x
Tue, 03 May 2022kr41.9bkr32.9bkr1.2b17.7x35x1.3x
Thu, 31 Mar 2022kr42.6bkr33.2bkr1.1b19.9x37.2x1.3x
Sat, 26 Feb 2022kr39.4bkr33.1bkr1.1b19.5x34.6x1.2x
Mon, 24 Jan 2022kr43.4bkr31.5bkr972.8m24.7x44.6x1.4x
Wed, 22 Dec 2021kr45.7bkr31.5bkr973.7m25.3x47x1.5x
Fri, 19 Nov 2021kr47.8bkr31.4bkr995.2m24.6x48x1.5x
Sun, 17 Oct 2021kr44.4bkr30.3bkr975.8m25.5x45.5x1.5x
Tue, 14 Sep 2021kr43.8bkr30.3bkr975.8m25.3x44.9x1.4x
Thu, 12 Aug 2021kr42.9bkr30.3bkr975.8m25.3x44x1.4x
Mon, 07 Jun 2021kr36.4bkr29.4bkr961.0m25.5x37.9x1.2x
Sun, 28 Feb 2021kr31.4bkr29.7bkr907.2m26.5x34.6x1.1x
Wed, 02 Dec 2020kr28.3bkr30.0bkr868.7m23.1x32.6x0.9x
Sat, 05 Sep 2020kr25.4bkr30.0bkr836.2m19.1x30.3x0.8x
Tue, 09 Jun 2020kr19.1bkr30.0bkr817.1m16.8x23.4x0.6x
Price to Earnings Ratio

19.8x


Total Market Cap: kr16.2bTotal Earnings: kr817.5mTotal Revenue: kr30.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 33.6x202120222023
Current Industry PE
  • Investors are pessimistic on the Swedish IT 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 27.6x which is lower than its 3-year average PE of 33.6x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 20% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

SE Market-2.18%
Tech-0.27%
IT-1.92%
Data Processing Services0%
IT Consulting-1.87%
Internet Services and Infrastructure-3.27%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 29.1x.
    • Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 35.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the IT Consulting 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
B3 B3 Consulting Groupkr188.504.1%
+kr65.7m
61.8%PE16x
TRIONA Trionakr55.007.8%
+kr22.4m
n/an/a
PREV B Prevaskr134.200.9%
+kr15.4m
11.8%PE14.5x
EMPIR B Empir Groupkr15.604.7%
+kr8.9m
-19.0%PS119.6x
PROVIT Provide IT Swedenkr5.308.8%
+kr2.9m
-17.7%PE15.7x
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Latest News

SOLIDX

kr5.40

Solidx

7D

-7.5%

1Y

18.7%

INFRA

kr30.40

InfraCom Group

7D

-4.7%

1Y

33.9%

PROVIT

kr5.30

Provide IT Sweden

7D

8.8%

1Y

-17.7%

BINERO

kr4.22

Binero Group

7D

1.9%

1Y

2.2%

SOF B

kr20.30

Softronic

7D

-2.2%

1Y

-23.5%

PRCO B

kr32.10

Precio Fishbone

7D

0.9%

1Y

-46.5%

VERT B

kr32.30

Vertiseit

7D

-3.6%

1Y

5.2%

PREV B

kr134.20

Prevas

7D

0.9%

1Y

11.8%

EMPIR B

kr15.60

Empir Group

7D

4.7%

1Y

-19.0%

KNOW

kr198.00

Knowit

7D

-2.3%

1Y

-36.5%

TRIONA

kr55.00

Triona

7D

7.8%

1Y

n/a

CX

kr36.00

CombinedX

7D

-2.7%

1Y

-14.5%