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Swedish (OMX) IT Industry Analysis

UpdatedOct 22, 2024
DataAggregated Company Financials
Companies29
  • 7D-0.7%
  • 3M-5.0%
  • 1Y41.3%
  • YTD12.9%

The IT is pretty flat in the last 7 days, but Addnode Group has stood out, gaining 3.0%. As for the the longer term, the industry is up 41% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Oct 2024SEK 34.9bSEK 30.8bSEK 1.3b16.4x26.8x1.1x
Thu, 19 Sep 2024SEK 34.9bSEK 30.0bSEK 1.2b19.3x28.8x1.2x
Sat, 17 Aug 2024SEK 34.9bSEK 29.7bSEK 1.2b20x29.6x1.2x
Mon, 15 Jul 2024SEK 37.5bSEK 29.7bSEK 572.5m19.4x65.5x1.3x
Wed, 12 Jun 2024SEK 37.6bSEK 29.1bSEK 525.6m19.6x71.5x1.3x
Fri, 10 May 2024SEK 35.8bSEK 29.5bSEK 835.9m15.9x42.9x1.2x
Sun, 07 Apr 2024SEK 36.5bSEK 30.2bSEK 924.0m17x39.5x1.2x
Tue, 05 Mar 2024SEK 35.4bSEK 30.1bSEK 910.7m16x38.9x1.2x
Thu, 01 Feb 2024SEK 32.1bSEK 30.5bSEK 606.9m15.9x52.9x1.1x
Sat, 30 Dec 2023SEK 31.4bSEK 30.5bSEK 608.7m16.1x51.5x1x
Mon, 27 Nov 2023SEK 28.7bSEK 30.4bSEK 601.5m14.4x47.7x0.9x
Wed, 25 Oct 2023SEK 24.8bSEK 30.1bSEK 666.1m13.7x37.2x0.8x
Fri, 22 Sep 2023SEK 25.9bSEK 30.1bSEK 677.2m14.5x38.2x0.9x
Sun, 20 Aug 2023SEK 28.3bSEK 29.7bSEK 674.9m16x41.9x1x
Tue, 18 Jul 2023SEK 29.3bSEK 29.5bSEK 1.5b13.4x20.1x1x
Thu, 15 Jun 2023SEK 37.0bSEK 29.1bSEK 1.5b14.4x25.1x1.3x
Sat, 13 May 2023SEK 38.6bSEK 28.9bSEK 1.5b15.3x26.5x1.3x
Mon, 10 Apr 2023SEK 40.2bSEK 27.5bSEK 1.5b16.8x27.6x1.5x
Wed, 08 Mar 2023SEK 40.9bSEK 26.9bSEK 1.4b16.5x28.4x1.5x
Fri, 03 Feb 2023SEK 39.2bSEK 25.1bSEK 1.3b15.9x30.6x1.6x
Sun, 01 Jan 2023SEK 34.6bSEK 25.1bSEK 1.3b14.9x27.2x1.4x
Tue, 29 Nov 2022SEK 35.7bSEK 25.3bSEK 1.3b15.1x27.7x1.4x
Thu, 27 Oct 2022SEK 32.6bSEK 23.9bSEK 1.2b14.7x26.7x1.4x
Sat, 24 Sep 2022SEK 31.6bSEK 23.3bSEK 1.3b13.8x25x1.4x
Mon, 22 Aug 2022SEK 43.5bSEK 23.2bSEK 1.3b15.7x33.8x1.9x
Wed, 20 Jul 2022SEK 41.3bSEK 23.0bSEK 1.3b15.5x32.3x1.8x
Fri, 17 Jun 2022SEK 35.5bSEK 21.5bSEK 1.1b15.7x31.1x1.6x
Sun, 15 May 2022SEK 38.2bSEK 21.4bSEK 1.1b16.4x33.3x1.8x
Tue, 12 Apr 2022SEK 43.2bSEK 33.2bSEK 1.1b20.4x37.7x1.3x
Thu, 10 Mar 2022SEK 38.7bSEK 33.2bSEK 1.1b19.1x33.8x1.2x
Sat, 05 Feb 2022SEK 43.2bSEK 31.5bSEK 987.4m23.3x43.8x1.4x
Mon, 03 Jan 2022SEK 49.2bSEK 31.5bSEK 973.7m26.4x50.5x1.6x
Wed, 01 Dec 2021SEK 45.9bSEK 31.4bSEK 973.4m24.4x47.1x1.5x
Fri, 29 Oct 2021SEK 44.7bSEK 31.2bSEK 1.0b24.7x44.2x1.4x
Price to Earnings Ratio

44.2x


Total Market Cap: SEK 44.7bTotal Earnings: SEK 1.0bTotal Revenue: SEK 31.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 37.4x202220232024
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 26.9x which is lower than its 3-year average PE of 37.5x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 9.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SE Market-1.19%
Tech3.14%
IT-0.72%
Data Processing Services0%
IT Consulting-0.46%
Internet Services and Infrastructure-7.88%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 32.4x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings decline of 8.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 8.3% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 19% 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
ANOD B Addnode GroupSEK 108.602.3%
+SEK 320.0m		63.2%PE46x
ENEA EneaSEK 94.206.6%
+SEK 117.3m		138.8%PE24.4x
SOF B SoftronicSEK 22.903.6%
+SEK 42.1m		44.2%PE14.5x
BINERO Binero GroupSEK 2.743.8%
+SEK 11.7m		17.1%PE68.6x
ZIGN ZignSecSEK 1.293.6%
+SEK 9.3m		96.5%PS3.1x
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ANOD B

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ENEA

SEK 94.20

Enea

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6.6%

1Y

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PACT

SEK 143.80

Proact IT Group

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1Y

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GENI

SEK 45.60

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1.1%

1Y

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DEVP B

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1Y

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CAG

SEK 107.00

CAG Group

7D

-0.9%

1Y

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FRAM B

SEK 9.90

Fram Skandinavien

7D

-13.2%

1Y

-68.5%

SOF B

SEK 22.90

Softronic

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3.6%

1Y

44.2%