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Swedish (OMX) Market Analysis & Valuation

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies1009
  • 7D1.8%
  • 3M4.9%
  • 1Y-22.1%
  • YTD-26.8%

The market has climbed 1.8% in the last 7 days, lead by the Industrials sector with a gain of 2.2%. In contrast, the Utilities sector is lagging, dropping 4.1%. Over the past year the market is down 22%. Looking forward, earnings are forecast to grow by 17% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022kr9.5tkr5.1tkr510.3b16.5x18.6x1.9x
Thu, 27 Oct 2022kr8.8tkr5.0tkr545.9b15.5x16.2x1.8x
Sat, 24 Sep 2022kr8.2tkr4.9tkr573.0b14.6x14.3x1.7x
Mon, 22 Aug 2022kr9.5tkr4.8tkr574.6b16.7x16.5x2x
Wed, 20 Jul 2022kr8.9tkr4.7tkr557.8b16.3x16x1.9x
Fri, 17 Jun 2022kr8.9tkr4.7tkr662.9b15.9x13.5x1.9x
Sun, 15 May 2022kr9.4tkr4.7tkr662.8b17.7x14.2x2x
Tue, 12 Apr 2022kr10.7tkr4.7tkr797.6b19.8x13.4x2.3x
Thu, 10 Mar 2022kr10.5tkr4.9tkr834.5b19.2x12.5x2.1x
Sat, 05 Feb 2022kr11.6tkr4.8tkr778.9b22.3x14.8x2.4x
Mon, 03 Jan 2022kr12.9tkr4.7tkr674.9b23.9x19.1x2.8x
Wed, 01 Dec 2021kr12.3tkr4.7tkr673.0b23.9x18.2x2.6x
Fri, 29 Oct 2021kr12.0tkr4.6tkr666.5b23.7x18x2.6x
Sun, 26 Sep 2021kr11.6tkr4.3tkr664.9b23.3x17.4x2.7x
Tue, 24 Aug 2021kr11.9tkr4.3tkr666.0b23.8x17.8x2.8x
Wed, 30 Jun 2021kr11.0tkr4.3tkr665.0b21.7x16.6x2.6x
Sat, 03 Apr 2021kr10.3tkr4.2tkr629.3b21.6x16.4x2.5x
Tue, 05 Jan 2021kr9.0tkr4.0tkr413.1b22.9x21.8x2.3x
Fri, 09 Oct 2020kr8.4tkr4.0tkr471.2b21.6x17.8x2.1x
Thu, 02 Jul 2020kr7.2tkr4.0tkr389.9b19.5x18.4x1.8x
Sun, 05 Apr 2020kr6.0tkr4.1tkr369.2b15.5x16.2x1.5x
Wed, 08 Jan 2020kr7.5tkr4.2tkr533.5b20.1x14x1.8x
Price to Earnings Ratio

19.1x


Total Market Cap: kr7.2tTotal Earnings: kr375.1bTotal Revenue: kr4.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 17.2x202020212022
Current Market PE
  • Investors are relatively neutral on the Swedish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.2x.
Past Earnings Growth
  • The earnings for Swedish listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 8.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market1.81%
Consumer Staples3.89%
Consumer Discretionary2.53%
Real Estate2.19%
Industrials2.16%
Telecom1.84%
Financials1.33%
Healthcare1.19%
Tech1.03%
Materials0.60%
Energy-0.96%
Utilities-4.08%
Sector PE
  • Investors are most optimistic about the Healthcare sector which is trading above its 3-year average PE ratio.
    • This optimism is likely because analysts are expecting annual earnings growth of 34.3%, which is higher than its past year's earnings growth of 0.4% per year.
  • Investors are most pessimistic about the Real Estate sector, which is trading below its 3-year average of 8.2x.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 28% 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 Investorkr201.702.6%
+kr15.6b
-8.3%PS105.3xFinancials
EVO Evolutionkr1.05k5.7%
+kr12.1b
4.9%PE26xConsumer Discretionary
EPI A Epirockr196.303.9%
+kr8.8b
-10.0%PE29.4xIndustrials
NIBE B NIBE Industrierkr100.302.3%
+kr4.6b
-21.1%PE52.2xIndustrials
NDA SE Nordea Bank Abpkr108.701.0%
+kr3.9b
1.4%PB1.2xFinancials
See more
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VOLV B

kr190.68

AB Volvo

7D

-0.8%

1Y

-3.9%

EQT

kr239.30

EQT

7D

-3.0%

1Y

-55.0%

INTRUM

kr137.50

Intrum

7D

-12.8%

1Y

-40.9%

ATCO A

kr129.68

Atlas Copco

7D

0.5%

1Y

-7.0%

EMBRAC B

kr46.76

Embracer Group

7D

5.8%

1Y

-50.8%

NIBE B

kr100.30

NIBE Industrier

7D

2.3%

1Y

-21.1%

TELIA

kr29.15

Telia Company

7D

-1.4%

1Y

-17.6%

SKA B

kr170.75

Skanska

7D

-4.8%

1Y

-18.8%

ESSITY B

kr256.60

Essity

7D

1.9%

1Y

-12.2%

HEXA B

kr120.55

Hexagon

7D

-0.7%

1Y

-9.7%

EPI A

kr196.30

Epiroc

7D

3.9%

1Y

-10.0%

VOLCAR B

kr49.85

Volvo Car AB (publ.)

7D

-1.7%

1Y

-27.2%

INVE A

kr201.70

Investor

7D

2.6%

1Y

-8.3%

EVO

kr1,052.60

Evolution

7D

5.7%

1Y

4.9%

SHB A

kr103.45

Svenska Handelsbanken

7D

-1.2%

1Y

7.4%

NDA SE

kr108.70

Nordea Bank Abp

7D

1.0%

1Y

1.4%