QuickBit eu AB (publ) (NGM:QBIT) Held Back By Insufficient Growth Even After Shares Climb 116%
May 29
Swedish (OMX) Software Industry Analysis
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies70
- 7D-1.4%
- 3M1.6%
- 1Y12.0%
- YTD6.1%
The Software industry has been flat over the last week, but Truecaller has lost 7.2%. The past year has been better, since the industry has gained 9.8% in that time. As for the next few years, earnings are expected to grow by 34% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | kr138.2b | kr47.5b | -kr4,402,840,317.18 | 55.1x | -31.4x | 2.9x |
| Fri, 17 May 2024 | kr150.1b | kr50.4b | -kr4,563,190,976.17 | 54.5x | -32.9x | 3x |
| Sun, 14 Apr 2024 | kr144.3b | kr51.2b | -kr4,811,461,017.38 | 49.5x | -30x | 2.8x |
| Tue, 12 Mar 2024 | kr157.3b | kr52.1b | -kr4,938,555,660.11 | 57.1x | -31.8x | 3x |
| Thu, 08 Feb 2024 | kr144.2b | kr50.0b | -kr4,727,324,501.86 | 59.7x | -30.5x | 2.9x |
| Sat, 06 Jan 2024 | kr147.5b | kr50.4b | -kr4,722,543,793.00 | 65.5x | -31.2x | 2.9x |
| Mon, 04 Dec 2023 | kr133.7b | kr50.3b | -kr4,754,525,427.00 | 56.6x | -28.1x | 2.7x |
| Wed, 01 Nov 2023 | kr109.1b | kr51.1b | -kr9,716,132,155.00 | 38x | -11.2x | 2.1x |
| Fri, 29 Sep 2023 | kr116.2b | kr50.8b | -kr9,463,215,103.00 | 44.1x | -12.3x | 2.3x |
| Sun, 27 Aug 2023 | kr119.6b | kr51.0b | -kr9,555,265,948.00 | 45x | -12.5x | 2.3x |
| Tue, 25 Jul 2023 | kr136.2b | kr50.7b | -kr9,459,245,033.00 | 47.7x | -14.4x | 2.7x |
| Thu, 22 Jun 2023 | kr126.1b | kr50.5b | -kr9,591,565,704.00 | 38.9x | -13.1x | 2.5x |
| Sat, 20 May 2023 | kr136.3b | kr50.3b | -kr9,451,524,171.00 | 37.5x | -14.4x | 2.7x |
| Mon, 17 Apr 2023 | kr131.4b | kr49.5b | -kr9,248,597,928.00 | 43.3x | -14.2x | 2.7x |
| Wed, 15 Mar 2023 | kr135.1b | kr49.3b | -kr9,179,714,019.00 | 40.7x | -14.7x | 2.7x |
| Fri, 10 Feb 2023 | kr150.1b | kr44.2b | -kr4,737,222,886.00 | 40.7x | -31.7x | 3.4x |
| Sun, 08 Jan 2023 | kr145.1b | kr46.2b | -kr4,759,427,351.00 | 33.6x | -30.5x | 3.1x |
| Tue, 06 Dec 2022 | kr138.1b | kr45.7b | -kr4,811,587,509.00 | 33.8x | -28.7x | 3x |
| Thu, 03 Nov 2022 | kr133.6b | kr42.3b | kr53.4m | 38.9x | 2500.5x | 3.2x |
| Sat, 01 Oct 2022 | kr112.1b | kr41.6b | kr36.9m | 33x | 3043x | 2.7x |
| Mon, 29 Aug 2022 | kr129.2b | kr41.4b | kr63.0m | 40.1x | 2049.5x | 3.1x |
| Wed, 27 Jul 2022 | kr145.2b | kr40.9b | kr172.4m | 38.4x | 842.3x | 3.6x |
| Fri, 24 Jun 2022 | kr142.9b | kr37.2b | kr225.8m | 35.4x | 632.9x | 3.8x |
| Sun, 22 May 2022 | kr160.2b | kr36.8b | kr130.8m | 44.8x | 1224x | 4.4x |
| Tue, 19 Apr 2022 | kr188.4b | kr32.0b | -kr129,513,036.00 | 52.7x | -1454.5x | 5.9x |
| Thu, 17 Mar 2022 | kr184.6b | kr31.9b | kr131.2m | 54.8x | 1407.4x | 5.8x |
| Sat, 12 Feb 2022 | kr214.7b | kr26.8b | kr535.7m | 74.8x | 400.8x | 8x |
| Mon, 10 Jan 2022 | kr239.6b | kr26.7b | kr631.7m | 86.2x | 379.4x | 9x |
| Wed, 08 Dec 2021 | kr246.4b | kr26.6b | kr630.4m | 76.8x | 390.8x | 9.3x |
| Fri, 05 Nov 2021 | kr247.2b | kr25.5b | kr706.2m | 85.4x | 350.1x | 9.7x |
| Sun, 03 Oct 2021 | kr216.9b | kr21.6b | kr485.2m | 82.7x | 447.1x | 10x |
| Tue, 31 Aug 2021 | kr233.5b | kr21.4b | kr482.6m | 83.3x | 483.9x | 10.9x |
| Wed, 07 Jul 2021 | kr182.2b | kr21.4b | kr482.6m | 66.2x | 377.6x | 8.5x |
Price to Earnings Ratio
377.6x
Current Industry PE
- Investors are pessimistic on the Swedish Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 30% 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 decreased profits.
Industry Trends
Which industries have driven the changes within the Swedish Tech industry?
| SE Market | -1.12% | |
| Tech | -0.89% | |
| Software | -1.44% | |
| Systems Software | -0.80% | |
| Application Software | -1.57% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 43.7%, which is higher than its past year's earnings decline of 39.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 39% per year.
- In contrast, the Application 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 | |
|---|---|---|---|---|---|
| SINCH Sinch | kr23.36 | 2.5% +kr489.4m | -7.2% | PE635.8x | |
| VIT B Vitec Software Group | kr547.00 | 0.9% +kr187.7m | -1.0% | PE59.1x | |
| BIM BIMobject | kr4.16 | 15.9% +kr81.3m | 81.7% | PS3.6x | |
| SKOLON Skolon | kr24.10 | 2.6% +kr15.9m | -0.8% | PE93.9x | |
| CFISH Crunchfish | kr9.00 | 3.1% +kr10.7m | -71.7% | PS18.7x |
