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Swedish (OMX) IT Industry Analysis

UpdatedAug 07, 2024
DataAggregated Company Financials
Companies27
  • 7D-4.6%
  • 3M-2.9%
  • 1Y23.8%
  • YTD14.6%

Over the last 7 days, the IT industry has dropped 4.7%, driven by pullbacks in Addnode Group and Knowit of 2.9% and 9.0%, respectively. Meanwhile, Triona actually outperformed within the industry, gaining 13% in the last week. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Aug 2024SEK 33.9bSEK 29.7bSEK 1.2b19.4x28.8x1.1x
Fri, 05 Jul 2024SEK 38.4bSEK 29.2bSEK 524.4m19.5x73.1x1.3x
Sun, 02 Jun 2024SEK 38.5bSEK 29.5bSEK 802.9m18.8x47.9x1.3x
Tue, 30 Apr 2024SEK 34.8bSEK 29.7bSEK 851.4m15.7x40.8x1.2x
Thu, 28 Mar 2024SEK 36.6bSEK 30.2bSEK 924.0m16.9x39.6x1.2x
Sat, 24 Feb 2024SEK 35.9bSEK 30.6bSEK 673.1m17.7x53.4x1.2x
Mon, 22 Jan 2024SEK 30.2bSEK 30.5bSEK 606.9m15.5x49.8x1x
Wed, 20 Dec 2023SEK 30.7bSEK 30.5bSEK 608.7m16.1x50.5x1x
Fri, 17 Nov 2023SEK 28.5bSEK 30.3bSEK 582.9m14x48.9x0.9x
Sun, 15 Oct 2023SEK 25.6bSEK 30.1bSEK 676.9m14x37.8x0.9x
Tue, 12 Sep 2023SEK 26.9bSEK 30.1bSEK 677.2m14.6x39.8x0.9x
Thu, 10 Aug 2023SEK 28.7bSEK 29.7bSEK 673.2m16x42.6x1x
Sat, 08 Jul 2023SEK 30.2bSEK 29.4bSEK 1.5b14.1x20.3x1x
Mon, 05 Jun 2023SEK 37.5bSEK 29.1bSEK 1.5b14.6x25.4x1.3x
Wed, 03 May 2023SEK 41.7bSEK 28.4bSEK 1.5b16.4x28.1x1.5x
Fri, 31 Mar 2023SEK 40.1bSEK 26.9bSEK 1.4b16.3x28.3x1.5x
Sun, 26 Feb 2023SEK 39.0bSEK 26.8bSEK 1.4b17.2x27.7x1.5x
Tue, 24 Jan 2023SEK 37.5bSEK 25.2bSEK 1.2b15.5x30.1x1.5x
Thu, 22 Dec 2022SEK 34.7bSEK 25.4bSEK 1.3b14.6x27.4x1.4x
Sat, 19 Nov 2022SEK 35.6bSEK 25.2bSEK 1.3b14.7x27.7x1.4x
Mon, 17 Oct 2022SEK 31.4bSEK 23.3bSEK 1.3b14.1x24.8x1.3x
Wed, 14 Sep 2022SEK 42.5bSEK 23.3bSEK 1.3b15.2x33.6x1.8x
Fri, 12 Aug 2022SEK 43.7bSEK 23.1bSEK 1.3b15.8x33.6x1.9x
Sun, 10 Jul 2022SEK 42.2bSEK 21.5bSEK 1.1b16.5x36.8x2x
Tue, 07 Jun 2022SEK 39.8bSEK 21.5bSEK 1.1b16.6x34.8x1.9x
Thu, 05 May 2022SEK 40.6bSEK 35.4bSEK 1.3b17.4x32.3x1.1x
Sat, 02 Apr 2022SEK 42.7bSEK 33.2bSEK 1.1b19.8x37.3x1.3x
Mon, 28 Feb 2022SEK 41.0bSEK 33.1bSEK 1.1b20x36.7x1.2x
Wed, 26 Jan 2022SEK 41.4bSEK 31.5bSEK 969.4m24.1x42.7x1.3x
Fri, 24 Dec 2021SEK 47.5bSEK 31.5bSEK 973.7m25.6x48.8x1.5x
Sun, 21 Nov 2021SEK 47.7bSEK 31.4bSEK 996.8m24.2x47.9x1.5x
Tue, 19 Oct 2021SEK 44.6bSEK 30.3bSEK 975.8m26x45.7x1.5x
Thu, 16 Sep 2021SEK 43.5bSEK 30.3bSEK 975.8m24.7x44.6x1.4x
Sat, 14 Aug 2021SEK 43.1bSEK 30.3bSEK 975.8m25.2x44.2x1.4x
Price to Earnings Ratio

44.2x


Total Market Cap: SEK 43.1bTotal Earnings: SEK 975.8mTotal Revenue: SEK 30.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 38.6x202220232024
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 28.6x which is lower than its 3-year average PE of 38.6x.
  • 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 6.5% 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-7.16%
Tech-7.01%
IT-4.57%
Data Processing Services0%
IT Consulting-4.55%
Internet Services and Infrastructure-5.55%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 33.3x.
    • Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings decline of 5.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 5.6% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 22% 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
TRIONA TrionaSEK 55.0012.7%
+SEK 34.8m		-5.2%PE46.2x
SOLIDX SolidxSEK 3.5313.5%
+SEK 15.1m		-13.7%PE224.6x
SOF B SoftronicSEK 21.750.7%
+SEK 7.9m		42.5%PE13.8x
TPGR Time People GroupSEK 10.304.6%
+SEK 3.3m		-46.9%PS0.3x
EXALT ExaltSEK 0.499.0%
+SEK 2.2m		-10.0%PE10.9x
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Latest News

B3

SEK 76.70

B3 Consulting Group

7D

-11.9%

1Y

-29.0%

KNOW

SEK 149.20

Knowit

7D

-9.0%

1Y

1.8%

PREV B

SEK 134.80

Prevas

7D

-7.3%

1Y

21.0%

ENEA

SEK 79.10

Enea

7D

-9.1%

1Y

36.9%

Enea's (STO:ENEA) Profits Appear To Have Quality Issues

Jul 25
Enea's (STO:ENEA) Profits Appear To Have Quality Issues

JSSEC

SEK 0.17

JS Security Technologies Group

7D

10.2%

1Y

-34.2%

GENI

SEK 42.80

Generic Sweden

7D

-6.6%

1Y

-7.4%

ANOD B

SEK 102.30

Addnode Group

7D

-2.9%

1Y

34.3%

SOF B

SEK 21.75

Softronic

7D

0.7%

1Y

42.5%

EXALT

SEK 0.49

Exalt

7D

9.0%

1Y

-10.0%

EXS

SEK 174.00

Exsitec Holding

7D

-4.9%

1Y

16.4%

PACT

SEK 149.60

Proact IT Group

7D

-4.8%

1Y

98.1%

TRIONA

SEK 55.00

Triona

7D

12.7%

1Y

-5.2%

SOLIDX

SEK 3.53

Solidx

7D

13.5%

1Y

-13.7%

TPGR

SEK 10.30

Time People Group

7D

4.6%

1Y

-46.9%