Narrative Update • May 15
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- 7D1.3%
- 3M10.6%
- 1Y34.8%
- YTD23.3%
In the last week, the Telecom Services and Carriers industry is up 1.3%, with Telia Company up 1.8%. During this same period, the Ovzon underperformed, falling 6.9%. In the last 12 months, the industry was up 35%. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Swedish Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 17 May 2026 | SEK 205.7b | SEK 86.7b | SEK 4.9b | 30.2x | 42.1x | 2.4x |
| Tue, 14 Apr 2026 | SEK 201.3b | SEK 86.6b | SEK 5.2b | 37.4x | 38.5x | 2.3x |
| Thu, 12 Mar 2026 | SEK 196.9b | SEK 86.6b | SEK 5.2b | 36.4x | 37.7x | 2.3x |
| Sat, 07 Feb 2026 | SEK 184.3b | SEK 88.3b | SEK 5.3b | 30.8x | 34.5x | 2.1x |
| Mon, 05 Jan 2026 | SEK 169.9b | SEK 96.6b | SEK 5.7b | 28.5x | 29.9x | 1.8x |
| Wed, 03 Dec 2025 | SEK 162.1b | SEK 96.6b | SEK 5.7b | 27.1x | 28.5x | 1.7x |
| Fri, 31 Oct 2025 | SEK 160.4b | SEK 96.3b | SEK 5.7b | 27.1x | 28.3x | 1.7x |
| Sun, 28 Sep 2025 | SEK 153.8b | SEK 96.5b | SEK 5.6b | 27x | 27.3x | 1.6x |
| Tue, 26 Aug 2025 | SEK 155.2b | SEK 96.5b | SEK 5.6b | 29.4x | 27.8x | 1.6x |
| Thu, 24 Jul 2025 | SEK 155.9b | SEK 96.2b | SEK 5.5b | 29.4x | 28.2x | 1.6x |
| Sat, 21 Jun 2025 | SEK 152.0b | SEK 96.6b | SEK 5.1b | 28.2x | 29.6x | 1.6x |
| Mon, 19 May 2025 | SEK 154.9b | SEK 96.6b | SEK 5.1b | 28.3x | 30.3x | 1.6x |
| Wed, 16 Apr 2025 | SEK 151.3b | SEK 95.8b | SEK 3.9b | 25.3x | 38.7x | 1.6x |
| Fri, 14 Mar 2025 | SEK 151.6b | SEK 95.8b | SEK 4.0b | 23.8x | 38.3x | 1.6x |
| Sun, 09 Feb 2025 | SEK 142.3b | SEK 95.7b | SEK 4.1b | 25.8x | 35.1x | 1.5x |
| Tue, 07 Jan 2025 | SEK 132.9b | SEK 95.1b | SEK 1.3b | 33x | 101.5x | 1.4x |
| Thu, 05 Dec 2024 | SEK 134.2b | SEK 95.1b | SEK 1.3b | 33.5x | 102.6x | 1.4x |
| Sat, 02 Nov 2024 | SEK 136.2b | SEK 95.1b | SEK 1.3b | 22.1x | 102.9x | 1.4x |
| Mon, 30 Sep 2024 | SEK 138.4b | SEK 95.3b | SEK 616.1m | 22.4x | 224.6x | 1.5x |
| Wed, 28 Aug 2024 | SEK 133.9b | SEK 95.3b | SEK 607.9m | 22.4x | 220.2x | 1.4x |
| Fri, 26 Jul 2024 | SEK 136.7b | SEK 95.3b | SEK 658.6m | 23.3x | 207.5x | 1.4x |
| Sun, 23 Jun 2024 | SEK 117.2b | SEK 94.8b | -SEK 152,387,791.00 | 21.5x | -769.4x | 1.2x |
| Tue, 21 May 2024 | SEK 115.9b | SEK 94.8b | -SEK 199,904,791.00 | 21.8x | -579.8x | 1.2x |
| Thu, 18 Apr 2024 | SEK 110.4b | SEK 95.3b | -SEK 243,257,791.00 | 21.1x | -453.9x | 1.2x |
| Sat, 16 Mar 2024 | SEK 109.7b | SEK 95.3b | -SEK 242,203,791.00 | 20x | -453.1x | 1.2x |
| Mon, 12 Feb 2024 | SEK 103.2b | SEK 95.2b | -SEK 324,172,324.00 | 19.4x | -318.3x | 1.1x |
| Wed, 10 Jan 2024 | SEK 115.6b | SEK 100.3b | -SEK 15,548,955,577.00 | 19.4x | -7.4x | 1.2x |
| Fri, 08 Dec 2023 | SEK 109.2b | SEK 100.3b | -SEK 15,548,955,577.00 | 18.5x | -7x | 1.1x |
| Sun, 05 Nov 2023 | SEK 103.2b | SEK 100.3b | -SEK 15,563,623,577.00 | 18x | -6.6x | 1x |
| Tue, 03 Oct 2023 | SEK 96.0b | SEK 99.5b | -SEK 15,427,693,577.00 | 17.3x | -6.2x | 1x |
| Thu, 31 Aug 2023 | SEK 93.1b | SEK 99.5b | -SEK 15,428,077,517.00 | 19.4x | -6x | 0.9x |
| Sat, 29 Jul 2023 | SEK 101.0b | SEK 99.4b | -SEK 15,432,902,517.00 | 16.9x | -6.5x | 1x |
| Mon, 26 Jun 2023 | SEK 98.7b | SEK 98.4b | -SEK 14,670,902,517.00 | 17.2x | -6.7x | 1x |
| Wed, 24 May 2023 | SEK 113.9b | SEK 98.4b | -SEK 14,669,473,927.00 | 16.9x | -7.8x | 1.2x |
Price to Earnings Ratio
-7.8x
Current Industry PE
- Investors are optimistic on the Swedish Telecom industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.1x which is higher than its 3-year average PE of -48.9x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- Total earnings for the Telecom industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 4.1% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Swedish Telecom industry?
| SE Market | -1.39% | |
| Telecom | 0.87% | |
| Telecom Services and Carriers | 1.35% | |
| Integrated Telecom Services | 1.63% | |
| Alternative Carriers | -7.20% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 217x.
- Analysts are expecting annual earnings growth of 9.4% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Alternative Carriers industry is expected to see its earnings grow by 9.4% 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 | |
|---|---|---|---|---|---|
| TELIA Telia Company | SEK 49.37 | 1.8% +SEK 3.4b | 35.9% | PE41.8x |