Vertiseit AB (publ) (STO:VERT B) Looks Just Right With A 34% Price Jump
Apr 24
Swedish (OMX) IT Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies30
- 7D-3.8%
- 3M10.0%
- 1Y-14.8%
- YTD12.1%
Over the last 7 days, the IT industry has dropped 3.3%, driven by Addnode Group declining 6.7%. In contrast, Prevas has gained 8.2%. Overall the industry is down 14% in 12 months. Looking forward, earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | kr35.1b | kr30.1b | kr923.3m | 16.7x | 38x | 1.2x |
| Sat, 23 Mar 2024 | kr35.9b | kr30.2b | kr924.0m | 16.8x | 38.8x | 1.2x |
| Mon, 19 Feb 2024 | kr35.5b | kr30.8b | kr674.0m | 17.3x | 52.7x | 1.2x |
| Wed, 17 Jan 2024 | kr30.7b | kr30.5b | kr606.9m | 15.7x | 50.6x | 1x |
| Fri, 15 Dec 2023 | kr29.9b | kr30.5b | kr608.7m | 15.7x | 49x | 1x |
| Sun, 12 Nov 2023 | kr27.7b | kr30.3b | kr581.2m | 15.3x | 47.6x | 0.9x |
| Tue, 10 Oct 2023 | kr25.1b | kr30.1b | kr676.9m | 13.9x | 37.1x | 0.8x |
| Thu, 07 Sep 2023 | kr27.0b | kr30.1b | kr672.5m | 14.8x | 40.2x | 0.9x |
| Sat, 05 Aug 2023 | kr28.7b | kr29.7b | kr673.2m | 16x | 42.7x | 1x |
| Mon, 03 Jul 2023 | kr30.6b | kr29.1b | kr1.5b | 14.9x | 20.7x | 1.1x |
| Wed, 31 May 2023 | kr35.9b | kr29.1b | kr1.5b | 14.6x | 24.3x | 1.2x |
| Fri, 28 Apr 2023 | kr41.3b | kr27.5b | kr1.5b | 16.6x | 28.4x | 1.5x |
| Sun, 26 Mar 2023 | kr38.8b | kr26.9b | kr1.4b | 15.9x | 27.3x | 1.4x |
| Tue, 21 Feb 2023 | kr40.1b | kr26.8b | kr1.3b | 17.4x | 30.1x | 1.5x |
| Thu, 19 Jan 2023 | kr37.1b | kr25.2b | kr1.2b | 15.2x | 29.7x | 1.5x |
| Sat, 17 Dec 2022 | kr34.7b | kr25.4b | kr1.3b | 15x | 27.4x | 1.4x |
| Mon, 14 Nov 2022 | kr36.7b | kr25.1b | kr1.3b | 15.5x | 28.9x | 1.5x |
| Wed, 12 Oct 2022 | kr31.2b | kr23.3b | kr1.3b | 14.1x | 24.7x | 1.3x |
| Fri, 09 Sep 2022 | kr41.7b | kr23.3b | kr1.3b | 14.3x | 32.9x | 1.8x |
| Sun, 07 Aug 2022 | kr43.6b | kr23.1b | kr1.3b | 15.7x | 33.5x | 1.9x |
| Tue, 05 Jul 2022 | kr40.2b | kr21.5b | kr1.1b | 15.2x | 35.1x | 1.9x |
| Thu, 02 Jun 2022 | kr39.5b | kr21.5b | kr1.1b | 17x | 34.5x | 1.8x |
| Sat, 30 Apr 2022 | kr42.7b | kr33.5b | kr1.1b | 17.9x | 37.9x | 1.3x |
| Mon, 28 Mar 2022 | kr40.7b | kr33.2b | kr1.1b | 19.4x | 35.6x | 1.2x |
| Wed, 23 Feb 2022 | kr40.7b | kr33.1b | kr1.2b | 19.8x | 35.1x | 1.2x |
| Fri, 21 Jan 2022 | kr43.9b | kr31.5b | kr972.8m | 25.4x | 45.2x | 1.4x |
| Sun, 19 Dec 2021 | kr45.5b | kr31.5b | kr973.7m | 24.9x | 46.7x | 1.4x |
| Tue, 16 Nov 2021 | kr46.4b | kr31.3b | kr983.7m | 23.8x | 47.2x | 1.5x |
| Thu, 14 Oct 2021 | kr43.4b | kr30.3b | kr975.8m | 24.6x | 44.5x | 1.4x |
| Sat, 11 Sep 2021 | kr44.8b | kr30.3b | kr975.8m | 25.3x | 45.9x | 1.5x |
| Mon, 09 Aug 2021 | kr42.3b | kr30.3b | kr975.8m | 24.1x | 43.4x | 1.4x |
| Sun, 02 May 2021 | kr36.1b | kr29.4b | kr961.6m | 25.6x | 37.6x | 1.2x |
Price to Earnings Ratio
37.6x
Current Industry PE
- Investors are relatively neutral on the Swedish IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 37.2x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- Both revenue and earnings for companies in the IT industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | 0.92% | |
| Tech | 1.96% | |
| IT | -3.77% | |
| Internet Services and Infrastructure | 0.11% | |
| Data Processing Services | 0% | |
| IT Consulting | -3.97% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 32.3x.
- Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings decline of 0.8% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 0.8% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| PREV B Prevas | kr123.40 | 8.2% +kr119.7m | -15.7% | PE13.3x | |
| GENI Generic Sweden | kr53.00 | 7.7% +kr46.7m | 17.8% | PE27.9x | |
| VERT B Vertiseit | kr39.80 | 5.0% +kr39.0m | 24.8% | PE40.1x | |
| NTEK B Novotek | kr63.00 | 2.6% +kr17.0m | 6.6% | PE20.4x | |
| ZIGN ZignSec | kr0.56 | 50.8% +kr16.8m | -78.1% | PS0.6x |
