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Swedish (OMX) Market Analysis & Valuation

UpdatedJul 02, 2024
DataAggregated Company Financials
Companies886
  • 7D-0.4%
  • 3M1.8%
  • 1Y14.1%
  • YTD7.0%

In the last week, the market has been flat, with a notable exception in the Consumer Discretionary sector dropping 4.9%. More promisingly, the market is up 14% over the past year. 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
Tue, 02 Jul 2024SEK 11.5tSEK 6.1tSEK 514.1b22.7x22.3x1.9x
Thu, 30 May 2024SEK 11.5tSEK 6.1tSEK 513.0b22.8x22.3x1.9x
Sat, 27 Apr 2024SEK 11.1tSEK 6.1tSEK 557.8b22.2x20x1.8x
Mon, 25 Mar 2024SEK 11.4tSEK 6.0tSEK 515.2b21.5x22x1.9x
Wed, 21 Feb 2024SEK 10.8tSEK 6.0tSEK 478.1b21.7x22.5x1.8x
Fri, 19 Jan 2024SEK 10.1tSEK 6.0tSEK 444.2b21.7x22.8x1.7x
Sun, 17 Dec 2023SEK 10.5tSEK 6.0tSEK 441.4b20.8x23.8x1.7x
Tue, 14 Nov 2023SEK 9.2tSEK 6.0tSEK 446.9b19.2x20.6x1.5x
Thu, 12 Oct 2023SEK 9.4tSEK 6.0tSEK 493.5b17.6x19x1.6x
Sat, 09 Sep 2023SEK 9.4tSEK 6.0tSEK 489.3b18.4x19.1x1.6x
Mon, 07 Aug 2023SEK 9.7tSEK 5.9tSEK 488.2b19.6x19.8x1.6x
Wed, 05 Jul 2023SEK 9.8tSEK 5.7tSEK 411.3b19x23.9x1.7x
Fri, 02 Jun 2023SEK 9.9tSEK 5.6tSEK 411.6b19.1x24x1.7x
Sun, 30 Apr 2023SEK 10.2tSEK 5.6tSEK 420.7b19.8x24.2x1.8x
Tue, 28 Mar 2023SEK 8.6tSEK 5.3tSEK 402.1b18.6x21.3x1.6x
Thu, 23 Feb 2023SEK 9.1tSEK 5.3tSEK 432.5b19.1x21.1x1.7x
Sat, 21 Jan 2023SEK 9.6tSEK 5.1tSEK 498.3b17.1x19.3x1.9x
Mon, 19 Dec 2022SEK 9.1tSEK 5.1tSEK 510.9b15.7x17.9x1.8x
Wed, 16 Nov 2022SEK 9.4tSEK 5.1tSEK 510.3b16.3x18.5x1.9x
Fri, 14 Oct 2022SEK 8.2tSEK 4.9tSEK 570.1b14.7x14.4x1.7x
Sun, 11 Sep 2022SEK 9.0tSEK 4.8tSEK 573.3b16.2x15.7x1.9x
Tue, 09 Aug 2022SEK 9.6tSEK 4.8tSEK 572.2b16.7x16.8x2x
Thu, 07 Jul 2022SEK 9.0tSEK 4.7tSEK 663.8b15.9x13.5x1.9x
Sat, 04 Jun 2022SEK 10.2tSEK 4.7tSEK 661.9b18x15.4x2.2x
Mon, 02 May 2022SEK 10.2tSEK 4.7tSEK 639.4b19x16x2.2x
Wed, 30 Mar 2022SEK 11.2tSEK 4.9tSEK 827.9b19.9x13.5x2.3x
Fri, 25 Feb 2022SEK 10.5tSEK 4.9tSEK 815.1b19.6x12.9x2.2x
Sun, 23 Jan 2022SEK 11.7tSEK 4.8tSEK 753.4b22.2x15.6x2.5x
Tue, 21 Dec 2021SEK 12.1tSEK 4.7tSEK 674.9b22.9x18x2.6x
Thu, 18 Nov 2021SEK 12.9tSEK 4.7tSEK 672.9b24.6x19.1x2.8x
Sat, 16 Oct 2021SEK 11.6tSEK 4.3tSEK 653.9b23.7x17.8x2.7x
Mon, 13 Sep 2021SEK 11.8tSEK 4.3tSEK 663.7b23.9x17.8x2.8x
Wed, 11 Aug 2021SEK 12.0tSEK 4.3tSEK 666.0b23.2x18x2.8x
Price to Earnings Ratio

16.6x


Total Market Cap: SEK 11.0tTotal Earnings: SEK 665.0bTotal Revenue: SEK 4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19x202220232024
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 22.3x which is higher than its 3-year average PE of 19.0x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 8.2% 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 Market-0.40%
Energy1.95%
Tech1.52%
Real Estate0.96%
Telecom0.85%
Utilities0.65%
Financials0.62%
Healthcare0.61%
Consumer Staples-0.44%
Industrials-0.84%
Materials-1.39%
Consumer Discretionary-4.92%
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 36.2% 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 67% 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
SEB A Skandinaviska Enskilda BankenSEK 157.802.7%
+SEK 8.5b		31.4%PB1.6xFinancials
NDA SE Nordea Bank AbpSEK 130.151.8%
+SEK 7.9b		9.4%PB1.4xFinancials
ERIC B Telefonaktiebolaget LM EricssonSEK 67.103.3%
+SEK 7.2b		13.2%PS0.9xTech
SAAB B SaabSEK 256.804.7%
+SEK 6.1b		73.0%PE39.9xIndustrials
HEXA B HexagonSEK 120.401.9%
+SEK 6.0b		-7.7%PE33.3xTech
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Market Insights

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Heading Into Q3 With A Goldilocks Economy

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Richard Bowman
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And just like that, we are into the third quarter and the second half of 2024. Equity markets have done better...

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SEK 272.00

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SKA B

SEK 189.40

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Sandvik

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1.8%

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