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Swedish (OMX) Software Industry Analysis
UpdatedApr 19, 2025
DataAggregated Company Financials
Companies70
- 7D2.7%
- 3M4.4%
- 1Y16.7%
- YTD1.6%
The Software industry is up 2.7% in the last week, with Sinch up 7.9%. In the same time, CodeMill was down 30%. In the last 12 months, the industry was up 17%. Looking forward, earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Sat, 19 Apr 2025 | SEK 155.3b | SEK 51.7b | -SEK 2,765,181,774.99 | 31.7x | -56.2x | 3x |
| Mon, 17 Mar 2025 | SEK 149.7b | SEK 51.6b | -SEK 3,147,165,626.78 | 35.1x | -47.6x | 2.9x |
| Wed, 12 Feb 2025 | SEK 163.4b | SEK 49.7b | -SEK 9,543,153,716.74 | 39.5x | -17.1x | 3.3x |
| Fri, 10 Jan 2025 | SEK 144.8b | SEK 49.6b | -SEK 9,701,210,989.97 | 42.7x | -14.9x | 2.9x |
| Sun, 08 Dec 2024 | SEK 154.3b | SEK 49.3b | -SEK 9,733,512,761.22 | 41.4x | -15.8x | 3.1x |
| Tue, 05 Nov 2024 | SEK 154.5b | SEK 47.9b | -SEK 3,967,654,057.17 | 42x | -38.9x | 3.2x |
| Thu, 03 Oct 2024 | SEK 143.2b | SEK 47.6b | -SEK 4,130,379,087.32 | 38.6x | -34.7x | 3x |
| Sat, 31 Aug 2024 | SEK 144.8b | SEK 47.7b | -SEK 4,176,264,581.28 | 39.7x | -34.7x | 3x |
| Mon, 29 Jul 2024 | SEK 147.4b | SEK 47.6b | -SEK 4,492,162,260.30 | 55.8x | -32.8x | 3.1x |
| Wed, 26 Jun 2024 | SEK 137.2b | SEK 47.4b | -SEK 4,401,228,950.89 | 55x | -31.2x | 2.9x |
| Fri, 24 May 2024 | SEK 150.9b | SEK 50.0b | -SEK 4,505,833,152.57 | 59.9x | -33.5x | 3x |
| Sun, 21 Apr 2024 | SEK 138.8b | SEK 51.3b | -SEK 4,820,758,737.30 | 45.9x | -28.8x | 2.7x |
| Tue, 19 Mar 2024 | SEK 146.5b | SEK 51.1b | -SEK 4,695,481,687.02 | 49.2x | -31.2x | 2.9x |
| Thu, 15 Feb 2024 | SEK 149.2b | SEK 50.2b | -SEK 4,996,745,833.78 | 62.1x | -29.9x | 3x |
| Sat, 13 Jan 2024 | SEK 149.3b | SEK 50.4b | -SEK 4,740,745,652.00 | 67.7x | -31.5x | 3x |
| Mon, 11 Dec 2023 | SEK 140.7b | SEK 50.3b | -SEK 4,721,583,263.00 | 59.1x | -29.8x | 2.8x |
| Wed, 08 Nov 2023 | SEK 117.7b | SEK 51.0b | -SEK 9,752,940,151.00 | 42.6x | -12.1x | 2.3x |
| Fri, 06 Oct 2023 | SEK 114.3b | SEK 50.9b | -SEK 9,490,198,033.00 | 44.4x | -12x | 2.2x |
| Sun, 03 Sep 2023 | SEK 122.0b | SEK 50.9b | -SEK 9,552,476,581.00 | 46.3x | -12.8x | 2.4x |
| Tue, 01 Aug 2023 | SEK 135.8b | SEK 50.7b | -SEK 9,482,727,157.00 | 48.8x | -14.3x | 2.7x |
| Thu, 29 Jun 2023 | SEK 123.5b | SEK 50.5b | -SEK 9,598,965,019.00 | 39.7x | -12.9x | 2.4x |
| Sat, 27 May 2023 | SEK 131.1b | SEK 50.4b | -SEK 9,570,646,338.00 | 40.4x | -13.7x | 2.6x |
| Mon, 24 Apr 2023 | SEK 128.2b | SEK 49.6b | -SEK 9,212,301,951.00 | 43.5x | -13.9x | 2.6x |
| Wed, 22 Mar 2023 | SEK 129.5b | SEK 49.3b | -SEK 9,147,191,678.00 | 44.8x | -14.2x | 2.6x |
| Fri, 17 Feb 2023 | SEK 147.2b | SEK 46.7b | -SEK 4,636,185,831.00 | 43x | -31.7x | 3.2x |
| Sun, 15 Jan 2023 | SEK 151.9b | SEK 46.3b | -SEK 4,760,982,607.00 | 32.7x | -31.9x | 3.3x |
| Tue, 13 Dec 2022 | SEK 136.9b | SEK 45.8b | -SEK 4,778,359,339.00 | 30.6x | -28.6x | 3x |
| Thu, 10 Nov 2022 | SEK 146.7b | SEK 45.5b | -SEK 4,979,350,523.00 | 38.6x | -29.5x | 3.2x |
| Sat, 08 Oct 2022 | SEK 113.9b | SEK 41.7b | SEK 36.2m | 32.2x | 3142.2x | 2.7x |
| Mon, 05 Sep 2022 | SEK 129.1b | SEK 41.5b | SEK 57.5m | 37.7x | 2246.9x | 3.1x |
| Wed, 03 Aug 2022 | SEK 149.5b | SEK 40.9b | SEK 195.5m | 26.8x | 764.3x | 3.7x |
| Fri, 01 Jul 2022 | SEK 136.1b | SEK 37.2b | SEK 225.8m | 32.8x | 602.7x | 3.7x |
| Sun, 29 May 2022 | SEK 160.0b | SEK 36.8b | SEK 190.7m | 45.8x | 839.1x | 4.4x |
| Tue, 26 Apr 2022 | SEK 171.4b | SEK 32.2b | -SEK 55,508,732.00 | 45.2x | -3088x | 5.3x |
Price to Earnings Ratio
-3088x
Current Industry PE
- Investors are relatively neutral on the Swedish Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Software industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 17% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | 3.39% | |
| Tech | 6.16% | |
| Software | 2.75% | |
| Systems Software | 3.62% | |
| Application Software | 2.63% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 26.8x.
- Analysts are expecting annual earnings growth of 26.9%, which is lower than the prior year's growth of 92.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 25% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| SINCH Sinch | SEK 20.44 | 7.9% +SEK 1.3b | -16.1% | PS0.6x | |
| VIT B Vitec Software Group | SEK 534.00 | 5.1% +SEK 1.0b | 4.5% | PE51.9x | |
| TRUE B Truecaller | SEK 67.10 | 2.9% +SEK 651.8m | 120.7% | PE43.9x | |
| YUBICO Yubico | SEK 181.30 | 3.6% +SEK 543.5m | 1.6% | PE42.1x | |
| FNOX Fortnox | SEK 85.98 | 0.4% +SEK 231.8m | 38.5% | PE73.9x |
