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Swedish (OMX) IT Industry Analysis

UpdatedJul 03, 2024
DataAggregated Company Financials
Companies27
  • 7D2.6%
  • 3M10.4%
  • 1Y32.4%
  • YTD29.4%

The IT industry is up 2.6% in the last week, with Addnode Group up 5.1%. This takes the industry's 12 month performance to a gain of 32%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jul 2024SEK 37.8bSEK 29.2bSEK 524.4m19.7x72.1x1.3x
Sat, 01 Jun 2024SEK 38.4bSEK 29.5bSEK 802.9m18.8x47.8x1.3x
Mon, 29 Apr 2024SEK 36.0bSEK 30.5bSEK 916.1m16.3x39.3x1.2x
Wed, 27 Mar 2024SEK 36.3bSEK 30.2bSEK 924.0m16.9x39.3x1.2x
Fri, 23 Feb 2024SEK 36.0bSEK 30.6bSEK 673.1m17.7x53.5x1.2x
Sun, 21 Jan 2024SEK 30.2bSEK 30.5bSEK 606.9m15.5x49.8x1x
Tue, 19 Dec 2023SEK 30.3bSEK 30.5bSEK 608.7m16.1x49.8x1x
Thu, 16 Nov 2023SEK 28.5bSEK 30.3bSEK 581.2m14.9x49.1x0.9x
Sat, 14 Oct 2023SEK 25.6bSEK 30.1bSEK 676.9m14x37.8x0.9x
Mon, 11 Sep 2023SEK 26.7bSEK 30.1bSEK 678.0m14.5x39.4x0.9x
Wed, 09 Aug 2023SEK 28.6bSEK 29.7bSEK 673.2m15.9x42.4x1x
Fri, 07 Jul 2023SEK 29.8bSEK 29.4bSEK 1.5b14.5x20x1x
Sun, 04 Jun 2023SEK 37.5bSEK 29.1bSEK 1.5b14.6x25.4x1.3x
Tue, 02 May 2023SEK 41.5bSEK 28.4bSEK 1.5b16.3x28x1.5x
Thu, 30 Mar 2023SEK 39.0bSEK 26.9bSEK 1.4b16x27.5x1.4x
Sat, 25 Feb 2023SEK 39.0bSEK 26.8bSEK 1.4b17.6x27.9x1.5x
Mon, 23 Jan 2023SEK 36.8bSEK 25.2bSEK 1.2b15.4x29.5x1.5x
Wed, 21 Dec 2022SEK 34.1bSEK 25.4bSEK 1.3b14.7x26.9x1.3x
Fri, 18 Nov 2022SEK 35.5bSEK 25.2bSEK 1.3b14.7x28x1.4x
Sun, 16 Oct 2022SEK 31.4bSEK 23.3bSEK 1.3b14.1x24.8x1.3x
Tue, 13 Sep 2022SEK 42.5bSEK 23.3bSEK 1.3b15.2x33.6x1.8x
Thu, 11 Aug 2022SEK 43.9bSEK 23.1bSEK 1.3b15.6x33.8x1.9x
Sat, 09 Jul 2022SEK 42.2bSEK 21.5bSEK 1.1b16.5x36.8x2x
Mon, 06 Jun 2022SEK 39.8bSEK 21.5bSEK 1.1b16.6x34.8x1.9x
Wed, 04 May 2022SEK 41.2bSEK 35.4bSEK 1.3b17.2x32.7x1.2x
Fri, 01 Apr 2022SEK 42.5bSEK 33.2bSEK 1.1b19.6x37.1x1.3x
Sun, 27 Feb 2022SEK 41.0bSEK 33.1bSEK 1.1b20x36x1.2x
Tue, 25 Jan 2022SEK 41.0bSEK 31.5bSEK 972.8m23.9x42.2x1.3x
Thu, 23 Dec 2021SEK 46.7bSEK 31.5bSEK 973.7m25.5x47.9x1.5x
Sat, 20 Nov 2021SEK 47.8bSEK 31.4bSEK 995.2m24.6x48x1.5x
Mon, 18 Oct 2021SEK 44.4bSEK 30.3bSEK 975.8m25.5x45.5x1.5x
Wed, 15 Sep 2021SEK 43.2bSEK 30.3bSEK 975.8m25x44.2x1.4x
Fri, 13 Aug 2021SEK 43.1bSEK 30.3bSEK 975.8m25.2x44.2x1.4x
Price to Earnings Ratio

43.4x


Total Market Cap: SEK 42.4bTotal Earnings: SEK 975.8mTotal Revenue: SEK 30.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 38.3x202220232024
Current Industry PE
  • Investors are optimistic on the Swedish IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 72.1x which is higher than its 3-year average PE of 38.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 19% 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 Market0.20%
Tech2.03%
IT2.56%
Internet Services and Infrastructure2.83%
IT Consulting2.55%
Data Processing Services0%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 33.1x.
    • Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings decline of 5.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 5.7% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 20% 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 127.505.1%
+SEK 826.6m		55.4%PE57.6x
ENEA EneaSEK 84.6012.4%
+SEK 189.3m		92.3%PS2x
KNOW KnowitSEK 172.203.2%
+SEK 147.7m		2.1%PE23.4x
SOF B SoftronicSEK 23.258.6%
+SEK 97.4m		43.5%PE14.9x
PREV B PrevasSEK 139.802.8%
+SEK 49.0m		15.2%PE16.4x
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Latest News

GENI

SEK 45.50

Generic Sweden

7D

-2.6%

1Y

-5.4%

PREV B

SEK 139.80

Prevas

7D

2.8%

1Y

15.2%

CYB1

€0.017

Cyber Security 1

7D

6.3%

1Y

1.2%

TALK

SEK 7.88

TalkPool

7D

-14.2%

1Y

44.6%

NODE

SEK 12.10

Nodebis Applications

7D

-4.0%

1Y

17.5%

ANOD B

SEK 127.50

Addnode Group

7D

5.1%

1Y

55.4%

These 4 Measures Indicate That Addnode Group (STO:ANOD B) Is Using Debt Reasonably Well

Jun 21
These 4 Measures Indicate That Addnode Group (STO:ANOD B) Is Using Debt Reasonably Well

ENEA

SEK 84.60

Enea

7D

12.4%

1Y

92.3%

Enea (STO:ENEA) Is Making Moderate Use Of Debt

Jun 03
Enea (STO:ENEA) Is Making Moderate Use Of Debt

CX

SEK 49.00

CombinedX

7D

-0.6%

1Y

47.1%

QLOSR B

SEK 0.69

Qlosr Group

7D

-6.1%

1Y

-85.7%

KNOW

SEK 172.20

Knowit

7D

3.2%

1Y

2.1%

B3

SEK 80.60

B3 Consulting Group

7D

2.3%

1Y

-32.5%

CAG

SEK 106.00

CAG Group

7D

-0.5%

1Y

1.9%

TPGR

SEK 9.75

Time People Group

7D

-23.8%

1Y

-54.0%

NTEK B

SEK 68.20

Novotek

7D

2.7%

1Y

33.2%

EXS

SEK 175.00

Exsitec Holding

7D

-4.1%

1Y

14.8%

Exsitec Holding AB (publ)'s (STO:EXS) CEO Compensation Looks Acceptable To Us And Here's Why

May 01
Exsitec Holding AB (publ)'s (STO:EXS) CEO Compensation Looks Acceptable To Us And Here's Why

SOF B

SEK 23.25

Softronic

7D

8.6%

1Y

43.5%