Calculating The Fair Value Of Upsales Technology AB (publ) (STO:UPSALE)
Jul 23
Swedish (OMX) Software Industry Analysis
UpdatedJul 23, 2024
DataAggregated Company Financials
Companies71
- 7D2.9%
- 3M8.8%
- 1Y9.4%
- YTD10.7%
The Software industry is up 2.9% in the last week, with Sinch up 14%. During this same period, the Truecaller underperformed, falling 5.4%. This takes the industry's 12 month performance to a gain of 9.4%. 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, 24 Jul 2024 | SEK 144.8b | SEK 47.5b | -SEK 4,485,985,485.74 | 56.2x | -32.3x | 3x |
| Fri, 21 Jun 2024 | SEK 135.8b | SEK 47.4b | -SEK 4,392,565,937.64 | 54.2x | -30.9x | 2.9x |
| Sun, 19 May 2024 | SEK 150.8b | SEK 50.4b | -SEK 4,553,474,902.72 | 54.4x | -33.1x | 3x |
| Tue, 16 Apr 2024 | SEK 143.2b | SEK 51.2b | -SEK 4,795,419,581.92 | 47.6x | -29.9x | 2.8x |
| Thu, 14 Mar 2024 | SEK 151.6b | SEK 51.1b | -SEK 4,625,507,309.92 | 58.1x | -32.8x | 3x |
| Sat, 10 Feb 2024 | SEK 146.5b | SEK 50.2b | -SEK 4,980,563,535.79 | 63x | -29.4x | 2.9x |
| Mon, 08 Jan 2024 | SEK 147.5b | SEK 50.4b | -SEK 4,723,863,482.00 | 65.5x | -31.2x | 2.9x |
| Wed, 06 Dec 2023 | SEK 135.6b | SEK 50.3b | -SEK 4,769,371,491.00 | 57.9x | -28.4x | 2.7x |
| Fri, 03 Nov 2023 | SEK 112.0b | SEK 51.1b | -SEK 9,803,694,168.00 | 41.4x | -11.4x | 2.2x |
| Sun, 01 Oct 2023 | SEK 118.0b | SEK 50.8b | -SEK 9,465,729,000.00 | 45.2x | -12.5x | 2.3x |
| Tue, 29 Aug 2023 | SEK 121.3b | SEK 51.0b | -SEK 9,537,163,537.00 | 44.8x | -12.7x | 2.4x |
| Thu, 27 Jul 2023 | SEK 138.7b | SEK 50.7b | -SEK 9,469,196,249.00 | 49.2x | -14.6x | 2.7x |
| Sat, 24 Jun 2023 | SEK 126.6b | SEK 50.4b | -SEK 9,561,463,493.00 | 39.2x | -13.2x | 2.5x |
| Mon, 22 May 2023 | SEK 136.2b | SEK 50.3b | -SEK 9,461,083,845.00 | 37.5x | -14.4x | 2.7x |
| Wed, 19 Apr 2023 | SEK 133.0b | SEK 49.5b | -SEK 9,228,836,740.00 | 42x | -14.4x | 2.7x |
| Fri, 17 Mar 2023 | SEK 134.4b | SEK 49.3b | -SEK 9,150,592,665.00 | 39.1x | -14.7x | 2.7x |
| Sun, 12 Feb 2023 | SEK 145.8b | SEK 43.2b | -SEK 4,610,322,150.00 | 36.8x | -31.6x | 3.4x |
| Tue, 10 Jan 2023 | SEK 148.2b | SEK 46.2b | -SEK 4,758,106,280.00 | 33.2x | -31.1x | 3.2x |
| Thu, 08 Dec 2022 | SEK 133.1b | SEK 45.7b | -SEK 4,811,156,905.00 | 33.3x | -27.7x | 2.9x |
| Sat, 05 Nov 2022 | SEK 134.5b | SEK 45.6b | -SEK 4,979,176,647.00 | 35.9x | -27x | 3x |
| Mon, 03 Oct 2022 | SEK 112.2b | SEK 41.6b | SEK 36.9m | 33x | 3044.8x | 2.7x |
| Wed, 31 Aug 2022 | SEK 128.7b | SEK 41.5b | SEK 61.4m | 39.3x | 2095.8x | 3.1x |
| Fri, 29 Jul 2022 | SEK 149.1b | SEK 40.9b | SEK 172.1m | 39.4x | 866.3x | 3.6x |
| Sun, 26 Jun 2022 | SEK 142.9b | SEK 37.2b | SEK 226.3m | 35.4x | 631.6x | 3.8x |
| Tue, 24 May 2022 | SEK 157.5b | SEK 36.8b | SEK 127.0m | 43.8x | 1240.5x | 4.3x |
| Thu, 21 Apr 2022 | SEK 181.0b | SEK 32.0b | -SEK 129,061,827.00 | 51.1x | -1402.7x | 5.7x |
| Sat, 19 Mar 2022 | SEK 193.5b | SEK 31.9b | SEK 131.1m | 55.2x | 1476.4x | 6.1x |
| Mon, 14 Feb 2022 | SEK 213.3b | SEK 27.6b | SEK 550.6m | 74.8x | 387.3x | 7.7x |
| Wed, 12 Jan 2022 | SEK 234.8b | SEK 26.7b | SEK 631.7m | 82.1x | 371.7x | 8.8x |
| Fri, 10 Dec 2021 | SEK 256.5b | SEK 26.6b | SEK 630.4m | 75x | 406.9x | 9.6x |
| Sun, 07 Nov 2021 | SEK 243.9b | SEK 25.4b | SEK 718.9m | 84.2x | 339.3x | 9.6x |
| Tue, 05 Oct 2021 | SEK 210.6b | SEK 21.6b | SEK 485.4m | 84.4x | 433.9x | 9.7x |
| Thu, 02 Sep 2021 | SEK 239.4b | SEK 21.4b | SEK 482.6m | 91.7x | 496x | 11.2x |
| Sat, 31 Jul 2021 | SEK 214.9b | SEK 21.4b | SEK 482.6m | 81.2x | 445.3x | 10x |
Price to Earnings Ratio
445.3x
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 4.4x is higher than the industry's current PS ratio of 3.0x.
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 | 0.17% | |
| Tech | 0.80% | |
| Software | 2.90% | |
| Systems Software | 6.11% | |
| Application Software | 2.21% | |
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 44.6%, which is higher than its past year's earnings decline of 55.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 56% 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 | SEK 27.65 | 18.7% +SEK 3.7b | -7.2% | PE119x | |
| YUBICO Yubico | SEK 271.00 | 3.8% +SEK 861.1m | 169.9% | PE140.9x | |
| EOID Eyeon Group | SEK 46.50 | 26.2% +SEK 274.2m | 2,052.8% | PS66.8x | |
| 247 24SevenOffice Group | SEK 23.90 | 14.9% +SEK 210.7m | 267.7% | PS4.6x | |
| UPSALE Upsales Technology | SEK 35.40 | 7.9% +SEK 43.8m | -4.8% | PE22.1x |
