Does Sinch (STO:SINCH) Have A Healthy Balance Sheet?
Jan 17
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Swedish (OMX) Software Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies66
- 7D-5.4%
- 3M-21.6%
- 1Y-35.4%
- YTD-5.2%
Over the last 7 days, the Software industry has dropped 5.4%, driven by Sinch declining 13%. On the other hand Yubico is actually up 6.0%. However, the industry is down 35% over the past year. Earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Swedish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 18 Jan 2026 | SEK 67.5b | SEK 48.0b | SEK 2.2b | 26.4x | 30.9x | 1.4x |
| Tue, 16 Dec 2025 | SEK 72.4b | SEK 48.1b | SEK 2.2b | 26.6x | 32.5x | 1.5x |
| Thu, 13 Nov 2025 | SEK 76.6b | SEK 49.0b | SEK 2.3b | 27.3x | 33.3x | 1.6x |
| Sat, 11 Oct 2025 | SEK 90.7b | SEK 49.9b | -SEK 3,689,446,022.33 | 31.9x | -24.6x | 1.8x |
| Mon, 08 Sep 2025 | SEK 92.1b | SEK 49.9b | -SEK 3,683,480,380.13 | 34.2x | -25x | 1.8x |
| Wed, 06 Aug 2025 | SEK 99.1b | SEK 50.0b | -SEK 3,434,442,912.16 | 34.2x | -28.8x | 2x |
| Fri, 04 Jul 2025 | SEK 160.5b | SEK 52.5b | -SEK 2,674,197,825.12 | 33.5x | -60x | 3.1x |
| Sun, 01 Jun 2025 | SEK 153.9b | SEK 52.3b | -SEK 2,719,671,167.90 | 28.5x | -56.6x | 2.9x |
| Tue, 29 Apr 2025 | SEK 157.5b | SEK 52.0b | -SEK 2,627,877,234.13 | 32.7x | -59.9x | 3x |
| Thu, 27 Mar 2025 | SEK 146.3b | SEK 51.5b | -SEK 3,144,077,147.98 | 35.7x | -46.5x | 2.8x |
| Sat, 22 Feb 2025 | SEK 160.9b | SEK 49.9b | -SEK 4,875,729,077.29 | 41.9x | -33x | 3.2x |
| Mon, 20 Jan 2025 | SEK 146.8b | SEK 49.6b | -SEK 9,708,429,355.79 | 42.1x | -15.1x | 3x |
| Wed, 18 Dec 2024 | SEK 147.3b | SEK 49.3b | -SEK 9,705,703,234.79 | 41.1x | -15.2x | 3x |
| Fri, 15 Nov 2024 | SEK 143.9b | SEK 48.5b | -SEK 9,792,682,328.46 | 40.5x | -14.7x | 3x |
| Sun, 13 Oct 2024 | SEK 144.4b | SEK 47.7b | -SEK 4,170,467,913.44 | 37.9x | -34.6x | 3x |
| Tue, 10 Sep 2024 | SEK 144.6b | SEK 47.7b | -SEK 4,216,126,455.01 | 39.8x | -34.3x | 3x |
| Thu, 08 Aug 2024 | SEK 138.3b | SEK 47.4b | -SEK 4,297,807,567.44 | 53x | -32.2x | 2.9x |
| Sat, 06 Jul 2024 | SEK 138.3b | SEK 47.4b | -SEK 4,444,811,098.42 | 55.1x | -31.1x | 2.9x |
| Mon, 03 Jun 2024 | SEK 138.4b | SEK 47.1b | -SEK 4,536,371,329.33 | 52.5x | -30.5x | 2.9x |
| Wed, 01 May 2024 | SEK 146.0b | SEK 50.4b | -SEK 4,727,327,113.34 | 55.8x | -30.9x | 2.9x |
| Fri, 29 Mar 2024 | SEK 147.5b | SEK 51.2b | -SEK 4,790,069,267.92 | 48.7x | -30.8x | 2.9x |
| Sun, 25 Feb 2024 | SEK 159.3b | SEK 52.0b | -SEK 5,138,778,230.72 | 56.2x | -31x | 3.1x |
| Tue, 23 Jan 2024 | SEK 146.1b | SEK 50.4b | -SEK 4,782,679,226.00 | 65.9x | -30.6x | 2.9x |
| Thu, 21 Dec 2023 | SEK 148.4b | SEK 50.3b | -SEK 4,682,110,996.00 | 65.4x | -31.7x | 2.9x |
| Sat, 18 Nov 2023 | SEK 126.0b | SEK 51.1b | -SEK 4,839,320,182.00 | 53.1x | -26x | 2.5x |
| Mon, 16 Oct 2023 | SEK 120.9b | SEK 50.8b | -SEK 9,479,775,563.00 | 44.7x | -12.8x | 2.4x |
| Wed, 13 Sep 2023 | SEK 119.0b | SEK 51.0b | -SEK 9,555,273,705.00 | 42.9x | -12.5x | 2.3x |
| Fri, 11 Aug 2023 | SEK 130.7b | SEK 50.8b | -SEK 9,529,236,722.00 | 45.5x | -13.7x | 2.6x |
| Sun, 09 Jul 2023 | SEK 124.7b | SEK 50.5b | -SEK 9,581,069,344.00 | 38.7x | -13x | 2.5x |
| Tue, 06 Jun 2023 | SEK 129.5b | SEK 50.5b | -SEK 9,585,249,408.00 | 40.7x | -13.5x | 2.6x |
| Thu, 04 May 2023 | SEK 130.2b | SEK 50.2b | -SEK 9,365,397,947.00 | 40.5x | -13.9x | 2.6x |
| Sat, 01 Apr 2023 | SEK 135.5b | SEK 49.7b | -SEK 9,213,100,096.00 | 42.9x | -14.7x | 2.7x |
| Mon, 27 Feb 2023 | SEK 131.3b | SEK 49.4b | -SEK 8,967,864,117.00 | 38x | -14.6x | 2.7x |
| Wed, 25 Jan 2023 | SEK 145.9b | SEK 46.2b | -SEK 4,754,114,035.00 | 31.1x | -30.7x | 3.2x |
Price to Earnings Ratio
-30.7x
Current Industry PE
- Investors are optimistic on the Swedish Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.9x which is higher than its 3-year average PE of -24.4x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- Total earnings for the Software industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | 1.36% | |
| Tech | -2.08% | |
| Software | -5.45% | |
| Systems Software | 3.43% | |
| Application Software | -6.83% | |
Industry PE
- Investors are most optimistic about the Systems Software industry, which is trading close to its 3-year average PE ratio of 41.3x.
- Analysts are expecting annual earnings growth of 32.3%, which is lower than the prior year's growth of 204.3% per year.
- Investors are most pessimistic about the Application Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 2.3% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 32% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CLAV Clavister Holding AB (publ.) | SEK 3.92 | 29.6% +SEK 519.7m | 83.2% | PS6.7x | |
| YUBICO Yubico | SEK 73.70 | 6.0% +SEK 361.3m | -69.6% | PE26.8x | |
| DONE Done.ai Group | SEK 7.89 | 14.8% +SEK 84.9m | -58.6% | PE0.4x | |
| NORDIG Nord Insuretech Group | SEK 0.65 | 18.2% +SEK 36.0m | 80.6% | PS68.4x | |
| PREC Precise Biometrics | SEK 2.55 | 15.6% +SEK 26.6m | -41.6% | PS2.4x |
