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Swedish (OMX) Software Industry Analysis

UpdatedAug 24, 2024
DataAggregated Company Financials
Companies71
  • 7D3.8%
  • 3M6.6%
  • 1Y26.7%
  • YTD12.1%

Over the last 7 days, the Software industry has remained flat, although notably Fortnox gained 7.3%. As for the the longer term, the industry is up 23% over the past 12 months. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

Has the Swedish Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Aug 2024SEK 147.2bSEK 47.8b-SEK 4,282,248,570.8446.7x-34.4x3.1x
Mon, 22 Jul 2024SEK 144.8bSEK 47.5b-SEK 4,461,725,035.1757.6x-32.5x3x
Wed, 19 Jun 2024SEK 138.2bSEK 47.5b-SEK 4,402,840,317.1855.1x-31.4x2.9x
Fri, 17 May 2024SEK 150.1bSEK 50.4b-SEK 4,563,190,976.1754.5x-32.9x3x
Sun, 14 Apr 2024SEK 144.3bSEK 51.2b-SEK 4,811,461,017.3849.5x-30x2.8x
Tue, 12 Mar 2024SEK 157.3bSEK 52.1b-SEK 4,938,555,660.1157.1x-31.8x3x
Thu, 08 Feb 2024SEK 144.2bSEK 50.0b-SEK 4,727,324,501.8659.7x-30.5x2.9x
Sat, 06 Jan 2024SEK 147.5bSEK 50.4b-SEK 4,722,543,793.0065.5x-31.2x2.9x
Mon, 04 Dec 2023SEK 133.7bSEK 50.3b-SEK 4,754,525,427.0056.6x-28.1x2.7x
Wed, 01 Nov 2023SEK 109.1bSEK 51.1b-SEK 9,716,132,155.0038x-11.2x2.1x
Fri, 29 Sep 2023SEK 116.2bSEK 50.8b-SEK 9,463,215,103.0044.1x-12.3x2.3x
Sun, 27 Aug 2023SEK 119.6bSEK 51.0b-SEK 9,555,265,948.0045x-12.5x2.3x
Tue, 25 Jul 2023SEK 136.2bSEK 50.7b-SEK 9,459,245,033.0047.7x-14.4x2.7x
Thu, 22 Jun 2023SEK 126.1bSEK 50.5b-SEK 9,591,565,704.0038.9x-13.1x2.5x
Sat, 20 May 2023SEK 136.3bSEK 50.3b-SEK 9,451,524,171.0037.5x-14.4x2.7x
Mon, 17 Apr 2023SEK 131.4bSEK 49.5b-SEK 9,248,597,928.0043.3x-14.2x2.7x
Wed, 15 Mar 2023SEK 135.1bSEK 49.3b-SEK 9,179,714,019.0040.7x-14.7x2.7x
Fri, 10 Feb 2023SEK 150.1bSEK 44.2b-SEK 4,737,222,886.0040.7x-31.7x3.4x
Sun, 08 Jan 2023SEK 145.1bSEK 46.2b-SEK 4,759,427,351.0033.6x-30.5x3.1x
Tue, 06 Dec 2022SEK 138.1bSEK 45.7b-SEK 4,811,587,509.0033.8x-28.7x3x
Thu, 03 Nov 2022SEK 133.6bSEK 42.3bSEK 53.4m38.9x2500.5x3.2x
Sat, 01 Oct 2022SEK 112.1bSEK 41.6bSEK 36.9m33x3043x2.7x
Mon, 29 Aug 2022SEK 129.2bSEK 41.4bSEK 63.0m40.1x2049.5x3.1x
Wed, 27 Jul 2022SEK 145.2bSEK 40.9bSEK 172.4m38.4x842.3x3.6x
Fri, 24 Jun 2022SEK 142.9bSEK 37.2bSEK 225.8m35.4x632.9x3.8x
Sun, 22 May 2022SEK 160.2bSEK 36.8bSEK 130.8m44.8x1224x4.4x
Tue, 19 Apr 2022SEK 188.4bSEK 32.0b-SEK 129,513,036.0052.7x-1454.5x5.9x
Thu, 17 Mar 2022SEK 184.6bSEK 31.9bSEK 131.2m54.8x1407.4x5.8x
Sat, 12 Feb 2022SEK 214.7bSEK 26.8bSEK 535.7m74.8x400.8x8x
Mon, 10 Jan 2022SEK 239.6bSEK 26.7bSEK 631.7m86.2x379.4x9x
Wed, 08 Dec 2021SEK 246.4bSEK 26.6bSEK 630.4m76.8x390.8x9.3x
Fri, 05 Nov 2021SEK 247.2bSEK 25.5bSEK 706.2m85.4x350.1x9.7x
Sun, 03 Oct 2021SEK 216.9bSEK 21.6bSEK 485.2m82.7x447.1x10x
Tue, 31 Aug 2021SEK 233.5bSEK 21.4bSEK 482.6m83.3x483.9x10.9x
Price to Earnings Ratio

483.9x


Total Market Cap: SEK 233.5bTotal Earnings: SEK 482.6mTotal Revenue: SEK 21.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Software Industry Price to Earnings3Y Average 300.3x202220232024
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 4.2x 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 Market1.47%
Tech1.26%
Software3.83%
Systems Software4.92%
Application Software3.54%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 0.14x.
    • Analysts are expecting annual earnings growth of 44.2%, 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 44% 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 33% 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
FNOX FortnoxSEK 58.547.3%
+SEK 2.4b		7.7%PE54.9x
YUBICO YubicoSEK 319.506.1%
+SEK 1.6b		222.7%PE142x
SINCH SinchSEK 29.215.7%
+SEK 1.3b		37.8%PE125.8x
TRUE B TruecallerSEK 35.481.2%
+SEK 138.2m		5.8%PE25.6x
LIME Lime TechnologiesSEK 351.502.5%
+SEK 112.9m		38.4%PE54.3x
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Latest News

IAR B

SEK 153.50

IAR Systems Group

7D

-8.4%

1Y

94.1%

YUBICO

SEK 319.50

Yubico

7D

6.1%

1Y

222.7%

CFISH

SEK 5.50

Crunchfish

7D

-13.9%

1Y

-63.6%

SKOLON

SEK 29.50

Skolon

7D

-8.1%

1Y

22.9%

Companies Like Skolon (STO:SKOLON) Are In A Position To Invest In Growth

Aug 22
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247

SEK 23.30

24SevenOffice Group

7D

5.9%

1Y

167.8%

We Think 24SevenOffice Group (STO:247) Has A Fair Chunk Of Debt

Aug 21
We Think 24SevenOffice Group (STO:247) Has A Fair Chunk Of Debt

EOID

SEK 31.45

Eyeon Group

7D

-6.1%

1Y

1,434.1%

CHECK

SEK 24.60

Checkin.Com Group

7D

8.8%

1Y

-32.2%

Checkin.Com Group AB (publ) (STO:CHECK) Just Reported And Analysts Have Been Cutting Their Estimates

Aug 18
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PREC

SEK 3.44

Precise Biometrics

7D

-29.8%

1Y

212.7%

FNOX

SEK 58.54

Fortnox

7D

7.3%

1Y

7.7%

GREAT

SEK 49.70

Greater Than

7D

-7.6%

1Y

-34.3%

TRUE B

SEK 35.48

Truecaller

7D

1.2%

1Y

5.8%

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

Jul 24
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SINCH

SEK 29.21

Sinch

7D

5.7%

1Y

37.8%

LIME

SEK 351.50

Lime Technologies

7D

2.5%

1Y

38.4%

TERRNT B

SEK 0.32

Terranet

7D

33.7%

1Y

202.4%

BFG

SEK 52.00

Byggfakta Group Nordic HoldCo

7D

-0.6%

1Y

42.5%

PAGERO

SEK 49.00

Pagero Group

7D

-0.8%

1Y

218.6%