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Swedish (OMX) IT Industry Analysis

UpdatedSep 27, 2024
DataAggregated Company Financials
Companies28
  • 7D-0.8%
  • 3M-5.5%
  • 1Y44.7%
  • YTD19.1%

Over the last 7 days, the IT industry has remained flat, although notably Exsitec Holding gained 4.1%. The past year has been better, since the industry has gained 45% in that time. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Sep 2024SEK 35.4bSEK 30.0bSEK 1.2b17.3x29.2x1.2x
Sun, 25 Aug 2024SEK 35.4bSEK 29.8bSEK 1.2b21.7x29.3x1.2x
Tue, 23 Jul 2024SEK 35.9bSEK 29.7bSEK 1.2b19.6x29.8x1.2x
Thu, 20 Jun 2024SEK 37.0bSEK 29.1bSEK 525.6m19.5x70.5x1.3x
Sat, 18 May 2024SEK 37.1bSEK 29.5bSEK 844.2m16.9x43.9x1.3x
Mon, 15 Apr 2024SEK 36.7bSEK 30.1bSEK 918.6m16.7x39.9x1.2x
Wed, 13 Mar 2024SEK 34.7bSEK 30.1bSEK 910.0m16.8x38.1x1.2x
Fri, 09 Feb 2024SEK 35.2bSEK 30.8bSEK 598.9m17x58.8x1.1x
Sun, 07 Jan 2024SEK 30.8bSEK 30.5bSEK 608.7m15.5x50.6x1x
Tue, 05 Dec 2023SEK 28.4bSEK 30.5bSEK 612.5m15.2x46.3x0.9x
Thu, 02 Nov 2023SEK 26.4bSEK 30.3bSEK 600.7m14.5x43.9x0.9x
Sat, 30 Sep 2023SEK 25.9bSEK 30.1bSEK 677.2m14.3x38.2x0.9x
Mon, 28 Aug 2023SEK 27.5bSEK 29.9bSEK 663.8m15.3x41.4x0.9x
Wed, 26 Jul 2023SEK 29.1bSEK 29.7bSEK 673.2m16x43.2x1x
Fri, 23 Jun 2023SEK 35.8bSEK 29.1bSEK 1.5b13.4x24.2x1.2x
Sun, 21 May 2023SEK 38.6bSEK 29.0bSEK 1.5b14.8x26.2x1.3x
Tue, 18 Apr 2023SEK 42.1bSEK 27.1bSEK 1.5b16.7x28.7x1.6x
Thu, 16 Mar 2023SEK 39.0bSEK 26.9bSEK 1.4b15.8x27.5x1.4x
Sat, 11 Feb 2023SEK 39.0bSEK 26.7bSEK 1.3b15.8x30.1x1.5x
Mon, 09 Jan 2023SEK 35.1bSEK 25.1bSEK 1.3b14.7x27.6x1.4x
Wed, 07 Dec 2022SEK 35.8bSEK 25.3bSEK 1.3b15.3x27.8x1.4x
Fri, 04 Nov 2022SEK 34.6bSEK 24.7bSEK 1.3b14.6x26.6x1.4x
Sun, 02 Oct 2022SEK 30.8bSEK 23.3bSEK 1.3b13.6x24.4x1.3x
Tue, 30 Aug 2022SEK 41.7bSEK 23.3bSEK 1.3b15.4x32.7x1.8x
Thu, 28 Jul 2022SEK 43.4bSEK 23.1bSEK 1.3b15.4x33.2x1.9x
Sat, 25 Jun 2022SEK 40.8bSEK 21.5bSEK 1.1b16.1x35.7x1.9x
Mon, 23 May 2022SEK 38.9bSEK 21.5bSEK 1.2b16.7x33.5x1.8x
Wed, 20 Apr 2022SEK 43.0bSEK 33.2bSEK 1.1b20.9x37.5x1.3x
Fri, 18 Mar 2022SEK 40.9bSEK 33.2bSEK 1.1b19.6x35.7x1.2x
Sun, 13 Feb 2022SEK 44.4bSEK 32.9bSEK 1.1b22.4x39.4x1.3x
Tue, 11 Jan 2022SEK 45.2bSEK 31.5bSEK 972.8m26.7x46.5x1.4x
Thu, 09 Dec 2021SEK 45.1bSEK 31.5bSEK 973.7m24.8x46.4x1.4x
Sat, 06 Nov 2021SEK 45.5bSEK 31.2bSEK 1.0b23.8x44.5x1.5x
Mon, 04 Oct 2021SEK 43.1bSEK 30.3bSEK 975.8m24.9x44.2x1.4x
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 37.8x202220232024
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 29.2x which is lower than its 3-year average PE of 37.8x.
  • 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 7.4% 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 Market1.63%
Tech2.45%
IT-0.81%
Internet Services and Infrastructure2.37%
Data Processing Services0%
IT Consulting-0.87%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 32.7x.
    • Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings decline of 8.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 8.3% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 21% 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
EXS Exsitec HoldingSEK 178.004.1%
+SEK 93.8m		24.0%PE29.8x
ANOD B Addnode GroupSEK 110.900.5%
+SEK 66.7m		69.6%PE46.9x
ENEA EneaSEK 86.003.4%
+SEK 55.9m		99.5%PE22.3x
BINERO Binero GroupSEK 3.106.2%
+SEK 21.1m		24.0%PE77.6x
SOF B SoftronicSEK 22.201.1%
+SEK 13.2m		54.8%PE14.1x
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CX

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SEK 86.00

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SOF B

SEK 22.20

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BINERO

SEK 3.10

Binero Group

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6.2%

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