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Jul 24
Swedish (OMX) Software Industry Analysis
UpdatedAug 03, 2024
DataAggregated Company Financials
Companies72
- 7D-5.4%
- 3M4.2%
- 1Y7.6%
- YTD6.5%
Over the last 7 days, the Software industry has dropped 5.4%, driven by Fortnox declining 6.0%. In contrast, 24SevenOffice Group has gained 8.6%. This takes the industry's 12 month performance to a gain of 7.6%. 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 |
|---|---|---|---|---|---|---|
| Sun, 04 Aug 2024 | SEK 139.7b | SEK 47.5b | -SEK 4,390,577,783.59 | 53.5x | -31.8x | 2.9x |
| Tue, 02 Jul 2024 | SEK 139.1b | SEK 47.5b | -SEK 4,463,576,378.66 | 54.3x | -31.2x | 2.9x |
| Thu, 30 May 2024 | SEK 139.1b | SEK 47.2b | -SEK 4,590,449,655.89 | 55.8x | -30.3x | 2.9x |
| Sat, 27 Apr 2024 | SEK 144.3b | SEK 50.8b | -SEK 4,695,152,062.51 | 47.6x | -30.7x | 2.8x |
| Mon, 25 Mar 2024 | SEK 148.9b | SEK 51.2b | -SEK 4,731,392,223.82 | 50.1x | -31.5x | 2.9x |
| Wed, 21 Feb 2024 | SEK 157.8b | SEK 52.9b | -SEK 4,316,235,235.06 | 56.8x | -36.6x | 3x |
| Fri, 19 Jan 2024 | SEK 144.2b | SEK 50.4b | -SEK 4,794,092,834.00 | 66.2x | -30.1x | 2.9x |
| Sun, 17 Dec 2023 | SEK 150.9b | SEK 50.4b | -SEK 4,712,144,352.00 | 57.7x | -32x | 3x |
| Tue, 14 Nov 2023 | SEK 118.7b | SEK 51.2b | -SEK 4,882,588,010.00 | 50.5x | -24.3x | 2.3x |
| Thu, 12 Oct 2023 | SEK 125.3b | SEK 50.8b | -SEK 9,471,846,550.00 | 44.9x | -13.2x | 2.5x |
| Sat, 09 Sep 2023 | SEK 119.6b | SEK 50.9b | -SEK 9,549,504,325.00 | 46.2x | -12.5x | 2.3x |
| Mon, 07 Aug 2023 | SEK 133.1b | SEK 50.7b | -SEK 9,502,238,329.00 | 46.4x | -14x | 2.6x |
| Wed, 05 Jul 2023 | SEK 127.0b | SEK 50.5b | -SEK 9,595,364,485.00 | 39.8x | -13.2x | 2.5x |
| Fri, 02 Jun 2023 | SEK 130.5b | SEK 50.5b | -SEK 9,594,954,767.00 | 40x | -13.6x | 2.6x |
| Sun, 30 Apr 2023 | SEK 135.8b | SEK 50.1b | -SEK 9,354,889,907.00 | 42.4x | -14.5x | 2.7x |
| Tue, 28 Mar 2023 | SEK 128.9b | SEK 49.6b | -SEK 9,188,057,589.00 | 42.2x | -14x | 2.6x |
| Thu, 23 Feb 2023 | SEK 135.1b | SEK 49.3b | -SEK 8,983,208,252.00 | 42.6x | -15x | 2.7x |
| Sat, 21 Jan 2023 | SEK 144.5b | SEK 46.2b | -SEK 4,758,622,636.00 | 31.5x | -30.4x | 3.1x |
| Mon, 19 Dec 2022 | SEK 133.7b | SEK 45.8b | -SEK 4,754,552,058.00 | 32.4x | -28.1x | 2.9x |
| Wed, 16 Nov 2022 | SEK 140.3b | SEK 45.9b | -SEK 4,826,285,137.00 | 34.8x | -29.1x | 3.1x |
| Fri, 14 Oct 2022 | SEK 108.0b | SEK 41.7b | SEK 34.2m | 32.5x | 3155.6x | 2.6x |
| Sun, 11 Sep 2022 | SEK 131.2b | SEK 41.5b | SEK 59.0m | 40.1x | 2224.5x | 3.2x |
| Tue, 09 Aug 2022 | SEK 149.2b | SEK 40.8b | SEK 206.9m | 27.9x | 721x | 3.7x |
| Thu, 07 Jul 2022 | SEK 143.8b | SEK 37.2b | SEK 225.3m | 33.4x | 638.5x | 3.9x |
| Sat, 04 Jun 2022 | SEK 162.8b | SEK 36.7b | SEK 186.1m | 43.7x | 875x | 4.4x |
| Mon, 02 May 2022 | SEK 163.9b | SEK 35.6b | -SEK 124,109,067.00 | 42x | -1320.7x | 4.6x |
| Wed, 30 Mar 2022 | SEK 197.8b | SEK 32.0b | SEK 170.3m | 57.1x | 1161.4x | 6.2x |
| Fri, 25 Feb 2022 | SEK 170.0b | SEK 31.5b | SEK 525.1m | 52.8x | 323.8x | 5.4x |
| Sun, 23 Jan 2022 | SEK 217.4b | SEK 26.8b | SEK 616.7m | 72.7x | 352.5x | 8.1x |
| Tue, 21 Dec 2021 | SEK 244.6b | SEK 26.7b | SEK 629.1m | 78.8x | 388.8x | 9.2x |
| Thu, 18 Nov 2021 | SEK 260.5b | SEK 26.0b | SEK 753.3m | 103.6x | 345.8x | 10x |
| Sat, 16 Oct 2021 | SEK 251.2b | SEK 22.4b | SEK 581.7m | 87.8x | 431.7x | 11.2x |
| Mon, 13 Sep 2021 | SEK 227.5b | SEK 21.6b | SEK 494.2m | 85.5x | 460.4x | 10.5x |
| Wed, 11 Aug 2021 | SEK 211.2b | SEK 21.4b | SEK 482.6m | 79.1x | 437.7x | 9.9x |
Price to Earnings Ratio
437.7x
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 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 | -4.24% | |
| Tech | -3.77% | |
| Software | -5.36% | |
| Application Software | -4.85% | |
| Systems Software | -7.63% | |
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 44.8%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 247 24SevenOffice Group | SEK 24.00 | 8.6% +SEK 129.1m | 183.0% | PS4.6x | |
| 4C 4C Group | SEK 20.90 | 13.3% +SEK 86.1m | -20.4% | PS2.5x | |
| UPSALE Upsales Technology | SEK 33.80 | 11.2% +SEK 57.3m | -17.4% | PE25.2x | |
| SKOLON Skolon | SEK 24.40 | 8.9% +SEK 53.1m | 1.2% | PE95.1x | |
| TERRNT B Terranet | SEK 0.24 | 23.1% +SEK 49.3m | 83.7% | PS100.3x |