Header cover image

Swedish (OMX) Market Analysis & Valuation

UpdatedJun 24, 2024
DataAggregated Company Financials
Companies884
  • 7D0.7%
  • 3M0.8%
  • 1Y16.6%
  • YTD6.8%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 3.2%. More promisingly, the market is up 17% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

Has the Swedish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Jun 2024kr11.4tkr6.0tkr511.5b23x22.4x1.9x
Wed, 22 May 2024kr11.7tkr6.1tkr531.7b22.8x22x1.9x
Fri, 19 Apr 2024kr11.1tkr6.0tkr562.6b21.8x19.6x1.8x
Sun, 17 Mar 2024kr11.2tkr6.0tkr514.2b21.1x21.9x1.9x
Tue, 13 Feb 2024kr10.6tkr6.0tkr499.2b21.7x21.3x1.8x
Thu, 11 Jan 2024kr10.3tkr6.0tkr440.7b22.3x23.4x1.7x
Sat, 09 Dec 2023kr10.1tkr6.0tkr442.2b20.5x22.8x1.7x
Mon, 06 Nov 2023kr9.2tkr6.0tkr446.9b18.5x20.6x1.5x
Wed, 04 Oct 2023kr9.2tkr6.0tkr489.7b17.5x18.8x1.5x
Fri, 01 Sep 2023kr9.5tkr5.9tkr489.3b19x19.3x1.6x
Sun, 30 Jul 2023kr9.8tkr5.9tkr484.3b19.6x20.3x1.7x
Tue, 27 Jun 2023kr9.7tkr5.7tkr411.7b18.9x23.7x1.7x
Thu, 25 May 2023kr9.8tkr5.6tkr400.2b19.5x24.5x1.7x
Sat, 22 Apr 2023kr10.0tkr5.5tkr438.7b20x22.8x1.8x
Mon, 20 Mar 2023kr8.5tkr5.3tkr402.8b18.6x21.2x1.6x
Wed, 15 Feb 2023kr9.2tkr5.3tkr442.0b19.1x20.9x1.8x
Fri, 13 Jan 2023kr9.7tkr5.1tkr506.0b16.8x19.2x1.9x
Sun, 11 Dec 2022kr9.4tkr5.1tkr510.8b16.2x18.5x1.9x
Tue, 08 Nov 2022kr9.0tkr5.1tkr509.0b15.7x17.6x1.8x
Thu, 06 Oct 2022kr8.4tkr4.9tkr568.9b14.9x14.8x1.7x
Sat, 03 Sep 2022kr8.9tkr4.8tkr573.3b16.3x15.6x1.8x
Mon, 01 Aug 2022kr9.7tkr4.8tkr561.9b17.1x17.3x2x
Wed, 29 Jun 2022kr8.9tkr4.7tkr663.1b15.7x13.5x1.9x
Fri, 27 May 2022kr9.7tkr4.7tkr656.0b17.1x14.8x2x
Sun, 24 Apr 2022kr10.6tkr4.6tkr628.8b19.6x16.8x2.3x
Tue, 22 Mar 2022kr11.3tkr4.9tkr826.7b20.2x13.6x2.3x
Thu, 17 Feb 2022kr11.5tkr4.8tkr798.7b22.1x14.4x2.4x
Sat, 15 Jan 2022kr12.1tkr4.7tkr674.8b22.8x17.9x2.6x
Mon, 13 Dec 2021kr12.5tkr4.7tkr674.6b23.3x18.5x2.7x
Wed, 10 Nov 2021kr12.4tkr4.7tkr671.0b24x18.4x2.7x
Fri, 08 Oct 2021kr11.3tkr4.3tkr668.4b22.7x16.8x2.6x
Sun, 05 Sep 2021kr12.0tkr4.3tkr666.0b24.8x18x2.8x
Tue, 03 Aug 2021kr12.0tkr4.3tkr666.0b23.3x18x2.8x
Price to Earnings Ratio

16.6x


Total Market Cap: kr11.0tTotal Earnings: kr665.0bTotal Revenue: kr4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 18.9x202220232024
Current Market PE
  • Investors are optimistic on the Swedish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 22.4x which is higher than its 3-year average PE of 18.9x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 8.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market0.67%
Materials1.78%
Tech1.17%
Telecom1.10%
Consumer Discretionary1.08%
Financials0.77%
Industrials0.56%
Real Estate0.017%
Healthcare-0.091%
Consumer Staples-0.39%
Utilities-1.27%
Energy-3.16%
Sector PE
  • Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 36.3% which is higher than its past year's earnings decline of 42.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 66% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
INVE A Investorkr287.101.6%
+kr13.8b		36.8%PE5.5xFinancials
HM B H & M Hennes & Mauritzkr194.203.0%
+kr9.0b		25.0%PE33.2xConsumer Discretionary
VOLV B AB Volvokr267.901.6%
+kr8.7b		25.9%PE10.7xIndustrials
EPI A Epirockr216.702.3%
+kr5.9b		10.7%PE28.6xIndustrials
HEXA B Hexagonkr118.401.6%
+kr5.1b		-6.8%PE33.2xTech
See more
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.

Market Insights

Header cover image

Opportunities And Risks In The Small Cap Universe

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Over the past few weeks we had a look at the healthcare sector which has underperformed over the last two years. Another underperforming group of stocks...

Continue reading

Finding Healthy Companies Within Healthcare
Last Week

Finding Healthy Companies Within Healthcare

Latest News

HEXA B

kr118.40

Hexagon

7D

1.9%

1Y

-7.9%

Hexagon (STO:HEXA B) Will Be Hoping To Turn Its Returns On Capital Around

Jun 23
Hexagon (STO:HEXA B) Will Be Hoping To Turn Its Returns On Capital Around

VOLV B

kr267.90

AB Volvo

7D

1.4%

1Y

25.2%

We Think AB Volvo (STO:VOLV B) Can Stay On Top Of Its Debt

Jun 23
We Think AB Volvo (STO:VOLV B) Can Stay On Top Of Its Debt

MTRS

kr208.00

Munters Group

7D

-9.3%

1Y

78.5%

Is Munters Group AB (publ) (STO:MTRS) Potentially Undervalued?

Jun 22
Is Munters Group AB (publ) (STO:MTRS) Potentially Undervalued?

EPI A

kr216.70

Epiroc

7D

2.3%

1Y

10.7%

Epiroc's (STO:EPI A) Dividend Will Be SEK1.90

Jun 21
Epiroc's (STO:EPI A) Dividend Will Be SEK1.90

PDX

kr129.00

Paradox Interactive

7D

-9.0%

1Y

-51.3%

INDT

kr280.60

Indutrade

7D

4.2%

1Y

17.0%

Is Indutrade AB (publ) (STO:INDT) Expensive For A Reason? A Look At Its Intrinsic Value

Jun 20
Is Indutrade AB (publ) (STO:INDT) Expensive For A Reason? A Look At Its Intrinsic Value

ASSA B

kr297.30

ASSA ABLOY

7D

-1.7%

1Y

20.9%

With EPS Growth And More, ASSA ABLOY (STO:ASSA B) Makes An Interesting Case

Jun 19
With EPS Growth And More, ASSA ABLOY (STO:ASSA B) Makes An Interesting Case

HM B

kr194.20

H & M Hennes & Mauritz

7D

3.1%

1Y

24.0%

H & M Hennes & Mauritz (STO:HM B) Is Due To Pay A Dividend Of SEK3.25

Jun 19
H & M Hennes & Mauritz (STO:HM B) Is Due To Pay A Dividend Of SEK3.25

KINV B

kr91.30

Kinnevik

7D

-5.3%

1Y

-34.9%

ATCO A

kr198.35

Atlas Copco

7D

-0.9%

1Y

28.9%

Atlas Copco (STO:ATCO A) Has Announced A Dividend Of SEK1.40

Jun 14
Atlas Copco (STO:ATCO A) Has Announced A Dividend Of SEK1.40

FNOX

kr61.82

Fortnox

7D

-3.6%

1Y

-3.8%

INVE A

kr287.10

Investor

7D

1.6%

1Y

36.8%

INDU A

kr363.00

AB Industrivärden

7D

2.3%

1Y

25.8%

Earnings Working Against AB Industrivärden (publ)'s (STO:INDU A) Share Price

Jun 02
Earnings Working Against AB Industrivärden (publ)'s (STO:INDU A) Share Price

ERIC B

kr63.00

Telefonaktiebolaget LM Ericsson

7D

1.7%

1Y

15.8%

VOLCAR B

kr31.11

Volvo Car AB (publ.)

7D

-6.4%

1Y

-25.6%

NDA SE

kr127.30

Nordea Bank Abp

7D

-0.6%

1Y

13.2%