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Swedish (OMX) IT Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies30
  • 7D-1.6%
  • 3M-7.4%
  • 1Y7.5%
  • YTD7.0%

Over the last 7 days, the IT industry has dropped 1.6%, driven by Proact IT Group declining 9.9%. In contrast, Novotek has gained 6.1%. This takes the industry's 12 month performance to a gain of 7.5%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024SEK 33.4bSEK 31.2bSEK 1.3b15.4x25.1x1.1x
Tue, 19 Nov 2024SEK 32.7bSEK 30.9bSEK 1.4b15.1x23.8x1.1x
Thu, 17 Oct 2024SEK 34.7bSEK 30.8bSEK 1.3b16.8x26.6x1.1x
Sat, 14 Sep 2024SEK 35.4bSEK 30.0bSEK 1.2b20x29.3x1.2x
Mon, 12 Aug 2024SEK 34.2bSEK 29.7bSEK 1.2b19.7x29x1.2x
Wed, 10 Jul 2024SEK 38.8bSEK 29.2bSEK 524.4m19.6x74x1.3x
Fri, 07 Jun 2024SEK 37.1bSEK 29.1bSEK 525.9m19.5x70.5x1.3x
Sun, 05 May 2024SEK 35.1bSEK 29.5bSEK 809.0m16.5x43.4x1.2x
Tue, 02 Apr 2024SEK 36.7bSEK 30.2bSEK 924.0m17.1x39.7x1.2x
Thu, 29 Feb 2024SEK 35.2bSEK 30.1bSEK 912.9m15.8x38.6x1.2x
Sat, 27 Jan 2024SEK 32.2bSEK 30.5bSEK 606.9m15.6x53x1.1x
Mon, 25 Dec 2023SEK 30.9bSEK 30.5bSEK 608.7m15.8x50.8x1x
Wed, 22 Nov 2023SEK 28.6bSEK 30.4bSEK 583.6m14.5x49x0.9x
Fri, 20 Oct 2023SEK 25.1bSEK 30.1bSEK 675.8m13.9x37.1x0.8x
Sun, 17 Sep 2023SEK 26.2bSEK 30.1bSEK 677.2m14.3x38.7x0.9x
Tue, 15 Aug 2023SEK 28.8bSEK 29.7bSEK 675.6m15.2x42.7x1x
Thu, 13 Jul 2023SEK 29.5bSEK 29.4bSEK 1.5b13.8x19.8x1x
Sat, 10 Jun 2023SEK 36.7bSEK 29.1bSEK 1.5b14.4x24.9x1.3x
Mon, 08 May 2023SEK 39.8bSEK 28.9bSEK 1.5b15.3x27.3x1.4x
Wed, 05 Apr 2023SEK 40.6bSEK 26.9bSEK 1.4b17.4x28.6x1.5x
Fri, 03 Mar 2023SEK 40.4bSEK 26.9bSEK 1.4b19.4x28.1x1.5x
Sun, 29 Jan 2023SEK 36.9bSEK 25.2bSEK 1.2b15.7x29.6x1.5x
Tue, 27 Dec 2022SEK 34.8bSEK 25.4bSEK 1.3b14.8x27.5x1.4x
Thu, 24 Nov 2022SEK 36.1bSEK 25.3bSEK 1.3b15.2x27.8x1.4x
Sat, 22 Oct 2022SEK 31.8bSEK 23.3bSEK 1.3b14.3x25.1x1.4x
Mon, 19 Sep 2022SEK 34.9bSEK 23.3bSEK 1.3b14.7x27.6x1.5x
Wed, 17 Aug 2022SEK 44.3bSEK 23.1bSEK 1.3b16x34.2x1.9x
Fri, 15 Jul 2022SEK 41.8bSEK 21.5bSEK 1.1b16.4x36.4x1.9x
Sun, 12 Jun 2022SEK 37.8bSEK 21.5bSEK 1.1b17.2x33.1x1.8x
Tue, 10 May 2022SEK 38.0bSEK 35.4bSEK 1.3b16.4x30.2x1.1x
Thu, 07 Apr 2022SEK 43.2bSEK 33.2bSEK 1.1b20.1x37.7x1.3x
Sat, 05 Mar 2022SEK 39.0bSEK 33.2bSEK 1.1b18.8x34.1x1.2x
Mon, 31 Jan 2022SEK 42.2bSEK 31.5bSEK 969.4m24.5x43.5x1.3x
Wed, 29 Dec 2021SEK 48.2bSEK 31.5bSEK 973.7m26.3x49.5x1.5x
Price to Earnings Ratio

49.5x


Total Market Cap: SEK 48.2bTotal Earnings: SEK 973.7mTotal Revenue: SEK 31.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 36.3x202220232024
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 25.1x which is lower than its 3-year average PE of 36.3x.
  • 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 11% 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-2.70%
Tech-1.73%
IT-1.64%
Data Processing Services0%
IT Consulting-1.54%
Internet Services and Infrastructure-4.34%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 31.5x.
    • Analysts are expecting annual earnings growth of 15.6%, which is higher than its past year's earnings decline of 2.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 2.0% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 16% 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
NTEK B NovotekSEK 72.806.1%
+SEK 44.5m		48.6%PE16.5x
ANOD B Addnode GroupSEK 103.000.3%
+SEK 40.0m		21.9%PE36.4x
EXS Exsitec HoldingSEK 138.001.1%
+SEK 20.1m		-10.7%PE24.9x
PREV B PrevasSEK 114.001.2%
+SEK 18.0m		-5.9%PE14.9x
AIXIA B Aixia GroupSEK 134.004.7%
+SEK 9.5m		52.3%PE14.8x
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Latest News

PACT

SEK 119.60

Proact IT Group

7D

-9.9%

1Y

28.1%

Do Proact IT Group's (STO:PACT) Earnings Warrant Your Attention?

Dec 17
Do Proact IT Group's (STO:PACT) Earnings Warrant Your Attention?

EXS

SEK 138.00

Exsitec Holding

7D

1.1%

1Y

-10.7%

SOLIDX

SEK 2.20

Solidx

7D

-13.0%

1Y

-56.9%

CYB1

€0.007

Cyber Security 1

7D

2.9%

1Y

-40.7%

ANOD B

SEK 103.00

Addnode Group

7D

0.3%

1Y

21.9%

Here's Why We Think Addnode Group (STO:ANOD B) Might Deserve Your Attention Today

Dec 05
Here's Why We Think Addnode Group (STO:ANOD B) Might Deserve Your Attention Today

KNOW

SEK 140.00

Knowit

7D

-3.3%

1Y

-9.2%

PREV B

SEK 114.00

Prevas

7D

1.2%

1Y

-5.9%

CX

SEK 31.20

CombinedX

7D

-2.8%

1Y

-8.2%

INFRA

SEK 17.95

InfraCom Group

7D

-6.5%

1Y

-45.9%

InfraCom Group AB (publ) (NGM:INFRA) Shares Fly 28% But Investors Aren't Buying For Growth

Nov 19
InfraCom Group AB (publ) (NGM:INFRA) Shares Fly 28% But Investors Aren't Buying For Growth

ENEA

SEK 99.10

Enea

7D

-3.8%

1Y

73.9%

NTEK B

SEK 72.80

Novotek

7D

6.1%

1Y

48.6%

Novotek AB's (STO:NTEK B) Low P/E No Reason For Excitement

Nov 12
Novotek AB's (STO:NTEK B) Low P/E No Reason For Excitement

EXALT

SEK 0.48

Exalt

7D

7.7%

1Y

4.4%

NODE

SEK 10.20

Nodebis Applications

7D

-11.3%

1Y

-20.9%

BINERO

SEK 2.52

Binero Group

7D

-3.8%

1Y

-28.8%

DIAH

SEK 6.60

Diadrom Holding

7D

1.9%

1Y

-38.6%

AIXIA B

SEK 134.00

Aixia Group

7D

4.7%

1Y

52.3%