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Swedish (OMX) IT Industry Analysis

UpdatedJul 17, 2024
DataAggregated Company Financials
Companies27
  • 7D-5.9%
  • 3M6.4%
  • 1Y30.5%
  • YTD23.4%

Over the last 7 days, the IT industry has dropped 6.9%, driven by a pullback from Addnode Group of 16%. In contrast, Proact IT Group has gained 5.4%. In the past year, the industry has gained 31%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jul 2024SEK 36.5bSEK 29.7bSEK 581.4m19.4x62.8x1.2x
Fri, 14 Jun 2024SEK 38.0bSEK 29.1bSEK 525.6m19.5x72.2x1.3x
Sun, 12 May 2024SEK 36.0bSEK 29.5bSEK 839.4m16.4x42.9x1.2x
Tue, 09 Apr 2024SEK 36.9bSEK 30.2bSEK 924.0m16.8x39.9x1.2x
Thu, 07 Mar 2024SEK 34.9bSEK 30.1bSEK 910.0m17x38.4x1.2x
Sat, 03 Feb 2024SEK 33.5bSEK 30.7bSEK 583.5m15.8x57.5x1.1x
Mon, 01 Jan 2024SEK 31.2bSEK 30.5bSEK 608.7m16.1x51.2x1x
Wed, 29 Nov 2023SEK 28.4bSEK 30.5bSEK 605.7m15.1x47x0.9x
Fri, 27 Oct 2023SEK 25.9bSEK 30.1bSEK 676.6m14.5x38.3x0.9x
Sun, 24 Sep 2023SEK 25.8bSEK 30.1bSEK 677.2m14.1x38.1x0.9x
Tue, 22 Aug 2023SEK 28.3bSEK 29.9bSEK 683.1m15.6x41.4x0.9x
Thu, 20 Jul 2023SEK 29.9bSEK 29.6bSEK 817.0m14.8x36.5x1x
Sat, 17 Jun 2023SEK 37.9bSEK 29.1bSEK 1.5b14.5x25.6x1.3x
Mon, 15 May 2023SEK 38.6bSEK 28.9bSEK 1.5b15.3x26.4x1.3x
Wed, 12 Apr 2023SEK 40.3bSEK 27.5bSEK 1.5b16.8x27.6x1.5x
Fri, 10 Mar 2023SEK 40.7bSEK 26.9bSEK 1.4b16.1x28.3x1.5x
Sun, 05 Feb 2023SEK 39.1bSEK 25.0bSEK 1.3b15.8x31.1x1.6x
Tue, 03 Jan 2023SEK 34.8bSEK 25.1bSEK 1.3b14.8x27.4x1.4x
Thu, 01 Dec 2022SEK 35.5bSEK 25.3bSEK 1.3b14.9x27.5x1.4x
Sat, 29 Oct 2022SEK 34.3bSEK 24.7bSEK 1.3b14.2x26.6x1.4x
Mon, 26 Sep 2022SEK 31.6bSEK 23.3bSEK 1.3b13.8x25x1.4x
Wed, 24 Aug 2022SEK 42.6bSEK 23.2bSEK 1.3b15.4x33x1.8x
Fri, 22 Jul 2022SEK 43.0bSEK 23.0bSEK 1.3b15.9x33.3x1.9x
Sun, 19 Jun 2022SEK 36.4bSEK 21.5bSEK 1.1b16.7x31.8x1.7x
Tue, 17 May 2022SEK 38.8bSEK 21.4bSEK 1.2b16.3x33.7x1.8x
Thu, 14 Apr 2022SEK 42.5bSEK 33.2bSEK 1.1b20.5x37.1x1.3x
Sat, 12 Mar 2022SEK 39.2bSEK 33.2bSEK 1.1b19.4x34.3x1.2x
Mon, 07 Feb 2022SEK 43.1bSEK 32.3bSEK 1.1b23.3x39.4x1.3x
Wed, 05 Jan 2022SEK 49.6bSEK 31.5bSEK 973.7m28x51x1.6x
Fri, 03 Dec 2021SEK 45.2bSEK 31.4bSEK 972.1m24.6x46.5x1.4x
Sun, 31 Oct 2021SEK 45.0bSEK 31.3bSEK 1.0b24.5x43.9x1.4x
Tue, 28 Sep 2021SEK 44.5bSEK 30.3bSEK 975.8m25x45.6x1.5x
Thu, 26 Aug 2021SEK 44.3bSEK 30.3bSEK 975.8m25.2x45.4x1.5x
Price to Earnings Ratio

43.6x


Total Market Cap: SEK 42.6bTotal Earnings: SEK 975.8mTotal Revenue: SEK 30.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish IT Industry Price to Earnings3Y Average 38.7x202220232024
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 63.8x which is higher than its 3-year average PE of 38.7x.
  • 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 16% 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 Market2.99%
Tech2.20%
IT-5.90%
Internet Services and Infrastructure1.58%
Data Processing Services0%
IT Consulting-6.01%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 33.4x.
    • Analysts are expecting annual earnings growth of 20.0%, 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 20% 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 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
PACT Proact IT GroupSEK 160.205.4%
+SEK 222.4m		104.1%PE18.5x
SOF B SoftronicSEK 23.654.9%
+SEK 57.9m		50.6%PE15.2x
GENI Generic SwedenSEK 48.909.9%
+SEK 54.1m		12.7%PE26.2x
PREV B PrevasSEK 147.601.7%
+SEK 30.9m		32.5%PE17.3x
B3 B3 Consulting GroupSEK 83.504.1%
+SEK 27.4m		-17.2%PE18.8x
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Latest News

EXS

SEK 180.50

Exsitec Holding

7D

0.6%

1Y

16.1%

ANOD B

SEK 109.10

Addnode Group

7D

-15.9%

1Y

37.7%

PRCO B

SEK 29.60

Precio Fishbone

7D

6.5%

1Y

-5.1%

PACT

SEK 160.20

Proact IT Group

7D

5.4%

1Y

104.1%

PREV B

SEK 147.60

Prevas

7D

1.7%

1Y

32.5%

B3

SEK 83.50

B3 Consulting Group

7D

4.1%

1Y

-17.2%

GENI

SEK 48.90

Generic Sweden

7D

9.9%

1Y

12.7%

CYB1

€0.015

Cyber Security 1

7D

-6.1%

1Y

-1.3%

TALK

SEK 7.42

TalkPool

7D

-7.5%

1Y

49.6%

EXALT

SEK 0.46

Exalt

7D

-5.3%

1Y

1.8%

FRAM B

SEK 16.60

Fram Skandinavien

7D

-5.1%

1Y

-45.9%

QLOSR B

SEK 0.74

Qlosr Group

7D

-4.5%

1Y

-84.0%

KNOW

SEK 173.80

Knowit

7D

-0.3%

1Y

4.7%

CAG

SEK 110.00

CAG Group

7D

2.8%

1Y

16.3%

DIAH

SEK 9.94

Diadrom Holding

7D

-1.6%

1Y

-25.5%

SOF B

SEK 23.65

Softronic

7D

4.9%

1Y

50.6%