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Swedish (OMX) IT Industry Analysis

UpdatedAug 02, 2024
DataAggregated Company Financials
Companies27
  • 7D-0.6%
  • 3M2.8%
  • 1Y28.4%
  • YTD18.7%

The IT industry has stayed flat over the last week. The past year has been better, since the industry has gained 28% in that time. 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
Fri, 02 Aug 2024SEK 35.1bSEK 29.7bSEK 1.2b20x29.8x1.2x
Sun, 30 Jun 2024SEK 37.3bSEK 29.2bSEK 524.4m20x71x1.3x
Tue, 28 May 2024SEK 38.5bSEK 29.5bSEK 802.9m18.7x48x1.3x
Thu, 25 Apr 2024SEK 35.1bSEK 30.1bSEK 923.3m16.7x38x1.2x
Sat, 23 Mar 2024SEK 35.9bSEK 30.2bSEK 924.0m16.8x38.8x1.2x
Mon, 19 Feb 2024SEK 35.5bSEK 30.8bSEK 674.0m17.3x52.7x1.2x
Wed, 17 Jan 2024SEK 30.7bSEK 30.5bSEK 606.9m15.7x50.6x1x
Fri, 15 Dec 2023SEK 29.9bSEK 30.5bSEK 608.7m15.7x49x1x
Sun, 12 Nov 2023SEK 27.7bSEK 30.3bSEK 581.2m15.3x47.6x0.9x
Tue, 10 Oct 2023SEK 25.1bSEK 30.1bSEK 676.9m13.9x37.1x0.8x
Thu, 07 Sep 2023SEK 27.0bSEK 30.1bSEK 672.5m14.8x40.2x0.9x
Sat, 05 Aug 2023SEK 28.7bSEK 29.7bSEK 673.2m16x42.7x1x
Mon, 03 Jul 2023SEK 30.6bSEK 29.1bSEK 1.5b14.9x20.7x1.1x
Wed, 31 May 2023SEK 35.9bSEK 29.1bSEK 1.5b14.6x24.3x1.2x
Fri, 28 Apr 2023SEK 41.3bSEK 27.5bSEK 1.5b16.6x28.4x1.5x
Sun, 26 Mar 2023SEK 38.8bSEK 26.9bSEK 1.4b15.9x27.3x1.4x
Tue, 21 Feb 2023SEK 40.1bSEK 26.8bSEK 1.3b17.4x30.1x1.5x
Thu, 19 Jan 2023SEK 37.1bSEK 25.2bSEK 1.2b15.2x29.7x1.5x
Sat, 17 Dec 2022SEK 34.7bSEK 25.4bSEK 1.3b15x27.4x1.4x
Mon, 14 Nov 2022SEK 36.7bSEK 25.1bSEK 1.3b15.5x28.9x1.5x
Wed, 12 Oct 2022SEK 31.2bSEK 23.3bSEK 1.3b14.1x24.7x1.3x
Fri, 09 Sep 2022SEK 41.7bSEK 23.3bSEK 1.3b14.3x32.9x1.8x
Sun, 07 Aug 2022SEK 43.6bSEK 23.1bSEK 1.3b15.7x33.5x1.9x
Tue, 05 Jul 2022SEK 40.2bSEK 21.5bSEK 1.1b15.2x35.1x1.9x
Thu, 02 Jun 2022SEK 39.5bSEK 21.5bSEK 1.1b17x34.5x1.8x
Sat, 30 Apr 2022SEK 42.7bSEK 33.5bSEK 1.1b17.9x37.9x1.3x
Mon, 28 Mar 2022SEK 40.7bSEK 33.2bSEK 1.1b19.4x35.6x1.2x
Wed, 23 Feb 2022SEK 40.7bSEK 33.1bSEK 1.2b19.8x35.1x1.2x
Fri, 21 Jan 2022SEK 43.9bSEK 31.5bSEK 972.8m25.4x45.2x1.4x
Sun, 19 Dec 2021SEK 45.5bSEK 31.5bSEK 973.7m24.9x46.7x1.4x
Tue, 16 Nov 2021SEK 46.4bSEK 31.3bSEK 983.7m23.8x47.2x1.5x
Thu, 14 Oct 2021SEK 43.4bSEK 30.3bSEK 975.8m24.6x44.5x1.4x
Sat, 11 Sep 2021SEK 44.8bSEK 30.3bSEK 975.8m25.3x45.9x1.5x
Mon, 09 Aug 2021SEK 42.3bSEK 30.3bSEK 975.8m24.1x43.4x1.4x
Price to Earnings Ratio

43.4x


Total Market Cap: SEK 42.3bTotal 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 29.8x 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 1.2x.
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-0.60%
Tech-0.67%
IT-0.63%
Data Processing Services0%
IT Consulting-0.61%
Internet Services and Infrastructure-1.44%
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
ENEA EneaSEK 86.003.7%
+SEK 61.6m		51.7%PE22.5x
PACT Proact IT GroupSEK 160.001.0%
+SEK 43.2m		108.6%PE18.5x
SOF B SoftronicSEK 21.951.4%
+SEK 15.8m		40.7%PE13.9x
NTEK B NovotekSEK 67.002.1%
+SEK 14.8m		39.9%PE20x
CAG CAG GroupSEK 113.501.3%
+SEK 10.8m		22.0%PE15.9x
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SEK 45.00

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ANOD B

SEK 103.30

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SOF B

SEK 21.95

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SAFETY B

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8.8%

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SEK 27.40

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-5.5%

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SEK 160.00

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1.0%

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SEK 11.00

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SEK 50.00

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2.5%

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SEK 113.50

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SEK 67.00

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2.1%

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39.9%