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Swedish (OMX) IT Industry Analysis

UpdatedAug 03, 2024
DataAggregated Company Financials
Companies27
  • 7D-2.8%
  • 3M1.3%
  • 1Y25.4%
  • YTD17.0%

Over the last 7 days, the IT industry has remained flat, although notably Cyber Security 1 gained 7.0%. The past year has been better, since the industry has gained 28% in that time. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Aug 2024SEK 34.6bSEK 29.7bSEK 1.2b19.7x29.3x1.2x
Mon, 01 Jul 2024SEK 37.3bSEK 29.2bSEK 524.4m20x71x1.3x
Wed, 29 May 2024SEK 38.3bSEK 29.5bSEK 802.9m18.6x47.8x1.3x
Fri, 26 Apr 2024SEK 35.6bSEK 30.5bSEK 915.7m16.3x38.9x1.2x
Sun, 24 Mar 2024SEK 35.9bSEK 30.2bSEK 924.0m16.8x38.8x1.2x
Tue, 20 Feb 2024SEK 35.7bSEK 30.6bSEK 674.0m17.3x52.9x1.2x
Thu, 18 Jan 2024SEK 30.0bSEK 30.5bSEK 606.9m15.4x49.5x1x
Sat, 16 Dec 2023SEK 30.3bSEK 30.5bSEK 608.7m16.1x49.8x1x
Mon, 13 Nov 2023SEK 27.7bSEK 30.3bSEK 581.2m15.3x47.6x0.9x
Wed, 11 Oct 2023SEK 25.9bSEK 30.1bSEK 676.9m14x38.2x0.9x
Fri, 08 Sep 2023SEK 26.5bSEK 30.1bSEK 678.0m14.6x39x0.9x
Sun, 06 Aug 2023SEK 28.7bSEK 29.7bSEK 673.2m16x42.7x1x
Tue, 04 Jul 2023SEK 30.3bSEK 29.1bSEK 1.5b15.1x20.6x1x
Thu, 01 Jun 2023SEK 35.7bSEK 29.1bSEK 1.5b14.4x24.2x1.2x
Sat, 29 Apr 2023SEK 41.5bSEK 27.7bSEK 1.5b16.5x28x1.5x
Mon, 27 Mar 2023SEK 38.8bSEK 26.9bSEK 1.4b15.9x27.3x1.4x
Wed, 22 Feb 2023SEK 39.6bSEK 26.8bSEK 1.3b17.6x29.7x1.5x
Fri, 20 Jan 2023SEK 36.5bSEK 25.2bSEK 1.2b15.2x29.3x1.5x
Sun, 18 Dec 2022SEK 34.7bSEK 25.4bSEK 1.3b15x27.4x1.4x
Tue, 15 Nov 2022SEK 36.6bSEK 25.1bSEK 1.3b15.2x28.9x1.5x
Thu, 13 Oct 2022SEK 31.1bSEK 23.3bSEK 1.3b13.7x24.6x1.3x
Sat, 10 Sep 2022SEK 42.0bSEK 23.3bSEK 1.3b14.7x33.2x1.8x
Mon, 08 Aug 2022SEK 43.6bSEK 23.1bSEK 1.3b15.7x33.5x1.9x
Wed, 06 Jul 2022SEK 39.9bSEK 21.5bSEK 1.1b15.5x34.8x1.9x
Fri, 03 Jun 2022SEK 39.5bSEK 21.5bSEK 1.1b17x34.5x1.8x
Sun, 01 May 2022SEK 42.7bSEK 33.5bSEK 1.1b17.9x37.9x1.3x
Tue, 29 Mar 2022SEK 41.2bSEK 33.2bSEK 1.1b19.7x35.9x1.2x
Thu, 24 Feb 2022SEK 40.7bSEK 33.1bSEK 1.2b20x35.2x1.2x
Sat, 22 Jan 2022SEK 43.3bSEK 31.5bSEK 972.8m24.7x44.5x1.4x
Mon, 20 Dec 2021SEK 45.5bSEK 31.5bSEK 973.7m24.9x46.7x1.4x
Wed, 17 Nov 2021SEK 46.4bSEK 31.3bSEK 983.7m23.8x47.2x1.5x
Fri, 15 Oct 2021SEK 44.1bSEK 30.3bSEK 975.8m25x45.2x1.5x
Sun, 12 Sep 2021SEK 44.8bSEK 30.3bSEK 975.8m25.3x45.9x1.5x
Tue, 10 Aug 2021SEK 43.0bSEK 30.3bSEK 975.8m24x44.1x1.4x
Price to Earnings Ratio

44.1x


Total Market Cap: SEK 43.0bTotal 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 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-4.24%
Tech-3.77%
IT-2.84%
Data Processing Services0%
IT Consulting-2.81%
Internet Services and Infrastructure-4.47%
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
CYB1 Cyber Security 1€0.0157.0%
+€1.1m		-49.3%PS0.3x
TRIONA TrionaSEK 50.002.5%
+SEK 6.7m		-15.3%PE42x
SAFETY B mySafety GroupSEK 7.486.3%
+SEK 5.3m		-25.9%PE7.6x
NTEK B NovotekSEK 66.000.6%
+SEK 4.2m		37.8%PE19.7x
DIAH Diadrom HoldingSEK 10.105.6%
+SEK 3.9m		-25.2%PE22.5x
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Latest News

DIAH

SEK 10.10

Diadrom Holding

7D

5.6%

1Y

-25.2%

There's Reason For Concern Over Diadrom Holding AB (publ)'s (STO:DIAH) Price

Jul 31
There's Reason For Concern Over Diadrom Holding AB (publ)'s (STO:DIAH) Price

KNOW

SEK 155.80

Knowit

7D

-6.8%

1Y

7.4%

PREV B

SEK 137.80

Prevas

7D

-3.2%

1Y

23.0%

CYB1

€0.015

Cyber Security 1

7D

7.0%

1Y

-49.3%

ENEA

SEK 81.40

Enea

7D

-1.8%

1Y

43.6%

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

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

B3

SEK 83.50

B3 Consulting Group

7D

-2.8%

1Y

-17.7%

GENI

SEK 43.70

Generic Sweden

7D

-5.0%

1Y

-2.9%

ANOD B

SEK 103.30

Addnode Group

7D

-2.5%

1Y

32.3%

EXALT

SEK 0.49

Exalt

7D

9.0%

1Y

-10.0%

TALK

SEK 7.18

TalkPool

7D

6.5%

1Y

47.1%

The Market Doesn't Like What It Sees From TalkPool AG's (STO:TALK) Earnings Yet As Shares Tumble 26%

Jul 18
The Market Doesn't Like What It Sees From TalkPool AG's (STO:TALK) Earnings Yet As Shares Tumble 26%

EXS

SEK 179.50

Exsitec Holding

7D

-3.0%

1Y

19.7%

SAFETY B

SEK 7.48

mySafety Group

7D

6.3%

1Y

-25.9%

PACT

SEK 155.00

Proact IT Group

7D

-2.1%

1Y

102.1%

TRIONA

SEK 50.00

Triona

7D

2.5%

1Y

-15.3%

CAG

SEK 112.50

CAG Group

7D

0.4%

1Y

21.0%

NTEK B

SEK 66.00

Novotek

7D

0.6%

1Y

37.8%