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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 Mar 2023 | kr38.7b | kr26.9b | kr1.4b | 16x | 27.2x | 1.4x |
| Fri, 24 Feb 2023 | kr39.3b | kr26.7b | kr1.4b | 18.2x | 28.4x | 1.5x |
| Sun, 22 Jan 2023 | kr36.8b | kr25.2b | kr1.2b | 15.4x | 29.5x | 1.5x |
| Tue, 20 Dec 2022 | kr34.2b | kr25.4b | kr1.3b | 15x | 27x | 1.3x |
| Thu, 17 Nov 2022 | kr35.7b | kr25.1b | kr1.3b | 14.6x | 28.1x | 1.4x |
| Sat, 15 Oct 2022 | kr31.4b | kr23.3b | kr1.3b | 14.1x | 24.8x | 1.3x |
| Mon, 12 Sep 2022 | kr42.0b | kr23.3b | kr1.3b | 14.7x | 33.2x | 1.8x |
| Wed, 10 Aug 2022 | kr42.7b | kr23.1b | kr1.3b | 15.4x | 32.8x | 1.8x |
| Fri, 08 Jul 2022 | kr41.9b | kr21.5b | kr1.1b | 16.1x | 36.5x | 1.9x |
| Sun, 05 Jun 2022 | kr39.8b | kr21.5b | kr1.1b | 16.6x | 34.8x | 1.9x |
| Tue, 03 May 2022 | kr41.9b | kr32.9b | kr1.2b | 17.7x | 35x | 1.3x |
| Thu, 31 Mar 2022 | kr42.6b | kr33.2b | kr1.1b | 19.9x | 37.2x | 1.3x |
| Sat, 26 Feb 2022 | kr39.4b | kr33.1b | kr1.1b | 19.5x | 34.6x | 1.2x |
| Mon, 24 Jan 2022 | kr43.4b | kr31.5b | kr972.8m | 24.7x | 44.6x | 1.4x |
| Wed, 22 Dec 2021 | kr45.7b | kr31.5b | kr973.7m | 25.3x | 47x | 1.5x |
| Fri, 19 Nov 2021 | kr47.8b | kr31.4b | kr995.2m | 24.6x | 48x | 1.5x |
| Sun, 17 Oct 2021 | kr44.4b | kr30.3b | kr975.8m | 25.5x | 45.5x | 1.5x |
| Tue, 14 Sep 2021 | kr43.8b | kr30.3b | kr975.8m | 25.3x | 44.9x | 1.4x |
| Thu, 12 Aug 2021 | kr42.9b | kr30.3b | kr975.8m | 25.3x | 44x | 1.4x |
| Mon, 07 Jun 2021 | kr36.4b | kr29.4b | kr961.0m | 25.5x | 37.9x | 1.2x |
| Sun, 28 Feb 2021 | kr31.4b | kr29.7b | kr907.2m | 26.5x | 34.6x | 1.1x |
| Wed, 02 Dec 2020 | kr28.3b | kr30.0b | kr868.7m | 23.1x | 32.6x | 0.9x |
| Sat, 05 Sep 2020 | kr25.4b | kr30.0b | kr836.2m | 19.1x | 30.3x | 0.8x |
| Tue, 09 Jun 2020 | kr19.1b | kr30.0b | kr817.1m | 16.8x | 23.4x | 0.6x |
Price to Earnings Ratio
19.8x
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 Services | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| B3 B3 Consulting Group | kr188.50 | 4.1% +kr65.7m | 61.8% | PE16x | |
| TRIONA Triona | kr55.00 | 7.8% +kr22.4m | n/a | n/a | |
| PREV B Prevas | kr134.20 | 0.9% +kr15.4m | 11.8% | PE14.5x | |
| EMPIR B Empir Group | kr15.60 | 4.7% +kr8.9m | -19.0% | PS119.6x | |
| PROVIT Provide IT Sweden | kr5.30 | 8.8% +kr2.9m | -17.7% | PE15.7x |
