Some May Be Optimistic About Enea's (STO:ENEA) Earnings
May 02
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- 7D-5.3%
- 3M-21.1%
- 1Y-24.3%
- YTD-27.6%
Over the last 7 days, the IT industry has dropped 5.3%, driven by a pullback from Addnode Group of 12%. Overall the industry is down 24% in 12 months. As for the next few years, earnings are expected to grow by 24% per annum.
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, 07 May 2026 | SEK 22.0b | SEK 27.2b | SEK 884.3m | 16.7x | 24.9x | 0.8x |
| Sat, 04 Apr 2026 | SEK 24.4b | SEK 27.3b | SEK 833.4m | 17x | 29.2x | 0.9x |
| Mon, 02 Mar 2026 | SEK 25.7b | SEK 27.3b | SEK 844.3m | 17.8x | 30.4x | 0.9x |
| Wed, 28 Jan 2026 | SEK 29.7b | SEK 27.3b | SEK 1.4b | 17.1x | 21.5x | 1.1x |
| Fri, 26 Dec 2025 | SEK 30.6b | SEK 27.3b | SEK 1.4b | 17.1x | 22.2x | 1.1x |
| Sun, 23 Nov 2025 | SEK 30.2b | SEK 27.5b | SEK 1.4b | 16x | 22.2x | 1.1x |
| Tue, 21 Oct 2025 | SEK 31.6b | SEK 28.1b | SEK 1.1b | 15x | 28.1x | 1.1x |
| Thu, 18 Sep 2025 | SEK 32.5b | SEK 28.1b | SEK 1.1b | 15.2x | 28.8x | 1.2x |
| Sat, 16 Aug 2025 | SEK 32.2b | SEK 28.1b | SEK 1.4b | 16x | 23.6x | 1.1x |
| Mon, 14 Jul 2025 | SEK 34.4b | SEK 28.9b | SEK 1.4b | 14.8x | 24.2x | 1.2x |
| Wed, 11 Jun 2025 | SEK 32.6b | SEK 29.3b | SEK 1.4b | 16x | 24x | 1.1x |
| Fri, 09 May 2025 | SEK 29.5b | SEK 29.3b | SEK 1.1b | 16.3x | 27.4x | 1x |
| Sun, 06 Apr 2025 | SEK 30.8b | SEK 30.5b | SEK 1.2b | 14.3x | 25.8x | 1x |
| Tue, 04 Mar 2025 | SEK 33.9b | SEK 30.5b | SEK 1.5b | 15.5x | 22.7x | 1.1x |
| Thu, 30 Jan 2025 | SEK 32.9b | SEK 31.1b | SEK 1.4b | 15.2x | 23.3x | 1.1x |
| Sat, 28 Dec 2024 | SEK 33.5b | SEK 31.2b | SEK 1.3b | 15.3x | 25.3x | 1.1x |
| Mon, 25 Nov 2024 | SEK 33.0b | SEK 30.9b | SEK 1.4b | 15.2x | 24.1x | 1.1x |
| Wed, 23 Oct 2024 | SEK 34.4b | SEK 30.8b | SEK 1.3b | 16.4x | 26.4x | 1.1x |
| Fri, 20 Sep 2024 | SEK 35.6b | SEK 30.0b | SEK 1.2b | 19.6x | 29.4x | 1.2x |
| Sun, 18 Aug 2024 | SEK 34.9b | SEK 29.7b | SEK 1.2b | 19.7x | 29.5x | 1.2x |
| Tue, 16 Jul 2024 | SEK 36.5b | SEK 29.7b | SEK 572.5m | 19.3x | 63.8x | 1.2x |
| Thu, 13 Jun 2024 | SEK 37.6b | SEK 29.1b | SEK 525.6m | 19.6x | 71.5x | 1.3x |
| Sat, 11 May 2024 | SEK 36.0b | SEK 29.5b | SEK 839.4m | 16.4x | 42.9x | 1.2x |
| Mon, 08 Apr 2024 | SEK 36.5b | SEK 30.2b | SEK 924.0m | 17x | 39.5x | 1.2x |
| Wed, 06 Mar 2024 | SEK 34.8b | SEK 30.1b | SEK 910.0m | 17x | 38.2x | 1.2x |
| Fri, 02 Feb 2024 | SEK 32.1b | SEK 30.5b | SEK 606.9m | 15.9x | 52.9x | 1.1x |
| Sun, 31 Dec 2023 | SEK 31.3b | SEK 30.5b | SEK 608.7m | 16.1x | 51.4x | 1x |
| Tue, 28 Nov 2023 | SEK 28.5b | SEK 30.5b | SEK 605.7m | 15x | 47x | 0.9x |
| Thu, 26 Oct 2023 | SEK 25.7b | SEK 30.1b | SEK 666.1m | 14.5x | 38.6x | 0.9x |
| Sat, 23 Sep 2023 | SEK 25.8b | SEK 30.1b | SEK 677.2m | 14.1x | 38.1x | 0.9x |
| Mon, 21 Aug 2023 | SEK 28.3b | SEK 29.7b | SEK 674.9m | 16x | 41.9x | 1x |
| Wed, 19 Jul 2023 | SEK 29.4b | SEK 29.5b | SEK 1.5b | 13.1x | 20.1x | 1x |
| Fri, 16 Jun 2023 | SEK 37.2b | SEK 29.1b | SEK 1.5b | 14.2x | 25.2x | 1.3x |
| Sun, 14 May 2023 | SEK 38.6b | SEK 28.9b | SEK 1.5b | 15.3x | 26.4x | 1.3x |
Price to Earnings Ratio
26.4x
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 24.9x which is lower than its 3-year average PE of 33.1x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 15% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | 0.33% | |
| Tech | 3.41% | |
| IT | -5.30% | |
| Internet Services and Infrastructure | 0.69% | |
| Data Processing Services | 0% | 0 |
| IT Consulting | -5.59% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 30.8x.
- Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings decline of 19.0% per year.
- Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 7.8% 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 | |
|---|---|---|---|---|---|
| PACT Proact IT Group | SEK 116.80 | 3.4% +SEK 97.9m | 3.7% | PE19.7x | |
| WPTG B White Pearl Technology Group | SEK 15.40 | 23.0% +SEK 87.5m | 144.4% | PE6.8x | |
| KNOW Knowit | SEK 80.00 | 3.2% +SEK 68.3m | -43.3% | PS0.4x | |
| SOLIDX Solidx | SEK 3.00 | 57.9% +SEK 39.5m | -2.9% | PS0.7x | |
| ENEA Enea | SEK 79.10 | 2.6% +SEK 36.7m | 14.8% | PE17.1x |
