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Swedish (OMX) IT Industry Analysis

UpdatedAug 01, 2024
DataAggregated Company Financials
Companies27
  • 7D0.5%
  • 3M6.4%
  • 1Y29.9%
  • YTD20.8%

Over the last 7 days, the IT industry has dropped 1.6%, driven by Knowit declining 1.7%. Over the past 12 months, the industry was up 28%. 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
Thu, 01 Aug 2024SEK 35.7bSEK 29.7bSEK 1.2b20x30.3x1.2x
Sat, 29 Jun 2024SEK 37.3bSEK 29.2bSEK 524.4m20x71x1.3x
Mon, 27 May 2024SEK 38.1bSEK 29.5bSEK 818.1m18.1x46.5x1.3x
Wed, 24 Apr 2024SEK 35.2bSEK 30.1bSEK 927.6m16.7x38x1.2x
Fri, 22 Mar 2024SEK 35.8bSEK 30.2bSEK 924.0m16.9x38.7x1.2x
Sun, 18 Feb 2024SEK 35.5bSEK 30.8bSEK 674.0m17.3x52.7x1.2x
Tue, 16 Jan 2024SEK 30.9bSEK 30.5bSEK 606.9m15.8x50.9x1x
Thu, 14 Dec 2023SEK 28.6bSEK 30.5bSEK 609.1m15.4x46.9x0.9x
Sat, 11 Nov 2023SEK 27.7bSEK 30.3bSEK 601.0m14.7x46x0.9x
Mon, 09 Oct 2023SEK 25.2bSEK 30.1bSEK 676.9m14.2x37.2x0.8x
Wed, 06 Sep 2023SEK 27.4bSEK 30.1bSEK 672.5m14.5x40.7x0.9x
Fri, 04 Aug 2023SEK 28.5bSEK 29.7bSEK 673.2m15.7x42.4x1x
Sun, 02 Jul 2023SEK 30.6bSEK 29.1bSEK 1.5b14.9x20.7x1.1x
Tue, 30 May 2023SEK 36.5bSEK 29.1bSEK 1.5b15x24.7x1.3x
Thu, 27 Apr 2023SEK 41.1bSEK 27.5bSEK 1.5b16.5x28.2x1.5x
Sat, 25 Mar 2023SEK 38.8bSEK 26.9bSEK 1.4b15.9x27.3x1.4x
Mon, 20 Feb 2023SEK 40.1bSEK 26.8bSEK 1.3b17.3x30.1x1.5x
Wed, 18 Jan 2023SEK 37.0bSEK 25.2bSEK 1.2b15.4x29.7x1.5x
Fri, 16 Dec 2022SEK 35.1bSEK 25.4bSEK 1.3b15x27.7x1.4x
Sun, 13 Nov 2022SEK 36.7bSEK 25.1bSEK 1.3b15.5x28.9x1.5x
Tue, 11 Oct 2022SEK 31.3bSEK 23.3bSEK 1.3b14.3x24.7x1.3x
Thu, 08 Sep 2022SEK 42.0bSEK 23.3bSEK 1.3b14.5x33.2x1.8x
Sat, 06 Aug 2022SEK 43.6bSEK 23.1bSEK 1.3b15.7x33.5x1.9x
Mon, 04 Jul 2022SEK 41.2bSEK 21.5bSEK 1.1b14.9x35.9x1.9x
Wed, 01 Jun 2022SEK 39.9bSEK 21.5bSEK 1.1b17.3x34.9x1.9x
Fri, 29 Apr 2022SEK 41.3bSEK 33.5bSEK 1.1b17.9x36.7x1.2x
Sun, 27 Mar 2022SEK 40.7bSEK 33.2bSEK 1.1b19.4x35.6x1.2x
Tue, 22 Feb 2022SEK 39.9bSEK 33.1bSEK 1.2b20.1x34.5x1.2x
Thu, 20 Jan 2022SEK 43.2bSEK 31.5bSEK 972.8m24.7x44.4x1.4x
Sat, 18 Dec 2021SEK 45.5bSEK 31.5bSEK 973.7m24.9x46.7x1.4x
Mon, 15 Nov 2021SEK 46.6bSEK 31.4bSEK 1.0b23.9x46.5x1.5x
Wed, 13 Oct 2021SEK 42.2bSEK 30.3bSEK 975.8m24.2x43.2x1.4x
Fri, 10 Sep 2021SEK 44.8bSEK 30.3bSEK 975.8m25.3x45.9x1.5x
Sun, 08 Aug 2021SEK 42.0bSEK 30.3bSEK 975.8m24.6x43x1.4x
Price to Earnings Ratio

43x


Total Market Cap: SEK 42.0bTotal 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 30.1x 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 Market0.96%
Tech-0.11%
IT0.49%
Internet Services and Infrastructure6.58%
IT Consulting0.39%
Data Processing Services0%
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 21.9%, 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
ANOD B Addnode GroupSEK 106.300.9%
+SEK 120.0m		35.8%PE45x
ENEA EneaSEK 87.004.1%
+SEK 67.7m		54.8%PE22.7x
PACT Proact IT GroupSEK 160.000.8%
+SEK 32.4m		108.6%PE18.5x
CAG CAG GroupSEK 114.003.6%
+SEK 28.7m		22.8%PE16x
ZIGN ZignSecSEK 0.7420.0%
+SEK 25.6m		-20.3%PS1.8x
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Latest News

KNOW

SEK 163.20

Knowit

7D

-1.7%

1Y

14.0%

PREV B

SEK 145.40

Prevas

7D

-3.1%

1Y

26.9%

CYB1

€0.015

Cyber Security 1

7D

5.6%

1Y

-46.5%

ENEA

SEK 87.00

Enea

7D

4.1%

1Y

54.8%

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

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

GENI

SEK 45.50

Generic Sweden

7D

-2.2%

1Y

6.1%

ANOD B

SEK 106.30

Addnode Group

7D

0.9%

1Y

35.8%

SOF B

SEK 21.60

Softronic

7D

-1.1%

1Y

42.1%

PRCO B

SEK 28.40

Precio Fishbone

7D

-3.4%

1Y

-13.9%

PACT

SEK 160.00

Proact IT Group

7D

0.8%

1Y

108.6%

NODE

SEK 11.00

Nodebis Applications

7D

-11.3%

1Y

0%

ZIGN

SEK 0.74

ZignSec

7D

20.0%

1Y

-20.3%

BINERO

SEK 3.54

Binero Group

7D

4.1%

1Y

7.9%

FRAM B

SEK 16.10

Fram Skandinavien

7D

-4.2%

1Y

-46.5%

CAG

SEK 114.00

CAG Group

7D

3.6%

1Y

22.8%

DEVP B

SEK 33.50

DevPort

7D

-1.5%

1Y

3.7%

NTEK B

SEK 65.60

Novotek

7D

1.9%

1Y

32.9%