Header cover image

Swedish (OMX) Software Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies72
  • 7D1.8%
  • 3M8.6%
  • 1Y9.7%
  • YTD11.4%

The Software industry is up 1.4% in the last week, with Sinch up 20%. During this same period, the Truecaller underperformed, falling 5.5%. In the last 12 months, the industry was up 8.6%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024SEK 145.9bSEK 47.6b-SEK 4,460,925,206.2255.2x-32.7x3.1x
Sun, 23 Jun 2024SEK 135.9bSEK 47.4b-SEK 4,393,326,820.8054.2x-30.9x2.9x
Tue, 21 May 2024SEK 154.2bSEK 50.4b-SEK 4,536,322,005.7959.7x-34x3.1x
Thu, 18 Apr 2024SEK 142.1bSEK 51.2b-SEK 4,846,898,523.6746.5x-29.3x2.8x
Sat, 16 Mar 2024SEK 149.5bSEK 51.1b-SEK 4,667,017,473.8248.7x-32x2.9x
Mon, 12 Feb 2024SEK 146.5bSEK 50.2b-SEK 4,979,385,835.7963x-29.4x2.9x
Wed, 10 Jan 2024SEK 148.3bSEK 50.4b-SEK 4,715,214,142.0066.8x-31.4x2.9x
Fri, 08 Dec 2023SEK 139.0bSEK 50.3b-SEK 4,700,922,219.0058.4x-29.6x2.8x
Sun, 05 Nov 2023SEK 113.8bSEK 51.0b-SEK 9,747,045,076.0041.2x-11.7x2.2x
Tue, 03 Oct 2023SEK 118.0bSEK 50.8b-SEK 9,474,767,273.0045.1x-12.5x2.3x
Thu, 31 Aug 2023SEK 120.7bSEK 50.9b-SEK 9,509,506,301.0044.9x-12.7x2.4x
Sat, 29 Jul 2023SEK 136.2bSEK 50.7b-SEK 9,494,712,526.0048.2x-14.3x2.7x
Mon, 26 Jun 2023SEK 126.6bSEK 50.4b-SEK 9,561,463,493.0039.2x-13.2x2.5x
Wed, 24 May 2023SEK 136.2bSEK 50.4b-SEK 9,476,025,591.0039.6x-14.4x2.7x
Fri, 21 Apr 2023SEK 129.6bSEK 49.5b-SEK 9,226,783,688.0042x-14x2.6x
Sun, 19 Mar 2023SEK 131.7bSEK 49.3b-SEK 9,170,989,239.0044.8x-14.4x2.7x
Tue, 14 Feb 2023SEK 148.3bSEK 46.7b-SEK 4,616,651,302.0037x-32.1x3.2x
Thu, 12 Jan 2023SEK 144.7bSEK 46.3b-SEK 4,761,717,900.0032.2x-30.4x3.1x
Sat, 10 Dec 2022SEK 135.1bSEK 45.7b-SEK 4,810,589,532.0031.7x-28.1x3x
Mon, 07 Nov 2022SEK 134.5bSEK 45.6b-SEK 4,981,391,026.0035.9x-27x3x
Wed, 05 Oct 2022SEK 115.7bSEK 41.6bSEK 38.3m30.3x3017.6x2.8x
Fri, 02 Sep 2022SEK 126.6bSEK 41.5bSEK 46.7m37.1x2710.7x3x
Sun, 31 Jul 2022SEK 154.0bSEK 40.7bSEK 195.6m27.4x787.4x3.8x
Tue, 28 Jun 2022SEK 143.1bSEK 37.2bSEK 226.5m35.3x632x3.9x
Thu, 26 May 2022SEK 151.5bSEK 36.8bSEK 125.2m40.6x1210.1x4.1x
Sat, 23 Apr 2022SEK 176.6bSEK 32.0b-SEK 129,499,170.0051.1x-1363.7x5.5x
Mon, 21 Mar 2022SEK 193.5bSEK 31.9bSEK 131.1m55.2x1476.3x6.1x
Wed, 16 Feb 2022SEK 212.4bSEK 27.6bSEK 542.8m71.5x391.2x7.7x
Fri, 14 Jan 2022SEK 231.9bSEK 26.7bSEK 631.8m81.6x367.1x8.7x
Sun, 12 Dec 2021SEK 256.3bSEK 26.6bSEK 630.5m73.6x406.6x9.6x
Tue, 09 Nov 2021SEK 244.1bSEK 25.5bSEK 793.0m93.7x307.8x9.6x
Thu, 07 Oct 2021SEK 211.3bSEK 21.6bSEK 485.1m81.5x435.5x9.8x
Sat, 04 Sep 2021SEK 238.8bSEK 21.4bSEK 482.6m90x494.9x11.1x
Mon, 02 Aug 2021SEK 219.0bSEK 21.4bSEK 482.6m80.6x453.8x10.2x
Price to Earnings Ratio

453.8x


Total Market Cap: SEK 219.0bTotal Earnings: SEK 482.6mTotal Revenue: SEK 21.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average 312.4x202220232024
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 3.1x.
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-1.57%
Tech-1.98%
Software1.85%
Application Software2.18%
Systems Software0.39%
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 69.9% 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 70% 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?

CompanyLast Price7D1YValuation
SINCH SinchSEK 28.2519.7%
+SEK 3.9b		-0.7%PE121.6x
YUBICO YubicoSEK 268.001.5%
+SEK 344.5m		167.5%PE139.4x
EOID Eyeon GroupSEK 43.4014.8%
+SEK 159.1m		1,947.2%PS62.4x
CINT Cint GroupSEK 10.402.5%
+SEK 53.2m		-6.5%PS0.9x
QBIT QuickBit euSEK 3.628.1%
+SEK 37.8m		185.0%PS0.8x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

MSAB B

SEK 43.00

Micro Systemation

7D

-10.8%

1Y

-17.0%

TRUE B

SEK 33.44

Truecaller

7D

-5.5%

1Y

-22.1%

Analyst Estimates: Here's What Brokers Think Of Truecaller AB (publ) (STO:TRUE B) After Its Second-Quarter Report

Jul 24
Analyst Estimates: Here's What Brokers Think Of Truecaller AB (publ) (STO:TRUE B) After Its Second-Quarter Report

SINCH

SEK 28.25

Sinch

7D

19.7%

1Y

-0.7%

VIT B

SEK 551.00

Vitec Software Group

7D

0.2%

1Y

-8.2%

ADVE

SEK 15.20

Advenica

7D

-11.1%

1Y

56.7%

CINT

SEK 10.40

Cint Group

7D

2.5%

1Y

-6.5%

VERT B

SEK 44.90

Vertiseit

7D

-7.4%

1Y

104.1%

247

SEK 24.00

24SevenOffice Group

7D

2.1%

1Y

265.9%

YUBICO

SEK 268.00

Yubico

7D

1.5%

1Y

167.5%

LIME

SEK 353.50

Lime Technologies

7D

-3.4%

1Y

30.9%

IAR B

SEK 163.50

IAR Systems Group

7D

-3.8%

1Y

78.3%

CLAV

SEK 1.50

Clavister Holding AB (publ.)

7D

9.1%

1Y

-74.4%

After Leaping 27% Clavister Holding AB (publ.) (STO:CLAV) Shares Are Not Flying Under The Radar

Jun 11
After Leaping 27% Clavister Holding AB (publ.) (STO:CLAV) Shares Are Not Flying Under The Radar

QBIT

SEK 3.62

QuickBit eu

7D

8.1%

1Y

185.0%

QuickBit eu AB (publ) (NGM:QBIT) Held Back By Insufficient Growth Even After Shares Climb 116%

May 29
QuickBit eu AB (publ) (NGM:QBIT) Held Back By Insufficient Growth Even After Shares Climb 116%

EOID

SEK 43.40

Eyeon Group

7D

14.8%

1Y

1,947.2%

PAGERO

SEK 49.00

Pagero Group

7D

-0.8%

1Y

218.6%