Header cover image

Swedish (OMX) Market Analysis & Valuation

UpdatedJul 27, 2024
DataAggregated Company Financials
Companies891
  • 7D0.07%
  • 3M4.2%
  • 1Y12.8%
  • YTD8.3%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 4.5%. Meanwhile, the market is actually up 13% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jul 2024SEK 11.6tSEK 6.1tSEK 543.9b23.1x21.4x1.9x
Mon, 24 Jun 2024SEK 11.4tSEK 6.0tSEK 511.5b23x22.4x1.9x
Wed, 22 May 2024SEK 11.7tSEK 6.1tSEK 531.7b22.8x22x1.9x
Fri, 19 Apr 2024SEK 11.1tSEK 6.0tSEK 562.6b21.8x19.6x1.8x
Sun, 17 Mar 2024SEK 11.2tSEK 6.0tSEK 514.2b21.1x21.9x1.9x
Tue, 13 Feb 2024SEK 10.6tSEK 6.0tSEK 499.2b21.7x21.3x1.8x
Thu, 11 Jan 2024SEK 10.3tSEK 6.0tSEK 440.7b22.3x23.4x1.7x
Sat, 09 Dec 2023SEK 10.1tSEK 6.0tSEK 442.2b20.5x22.8x1.7x
Mon, 06 Nov 2023SEK 9.2tSEK 6.0tSEK 446.9b18.5x20.6x1.5x
Wed, 04 Oct 2023SEK 9.2tSEK 6.0tSEK 489.7b17.5x18.8x1.5x
Fri, 01 Sep 2023SEK 9.5tSEK 5.9tSEK 489.3b19x19.3x1.6x
Sun, 30 Jul 2023SEK 9.8tSEK 5.9tSEK 484.3b19.6x20.3x1.7x
Tue, 27 Jun 2023SEK 9.7tSEK 5.7tSEK 411.7b18.9x23.7x1.7x
Thu, 25 May 2023SEK 9.8tSEK 5.6tSEK 400.2b19.5x24.5x1.7x
Sat, 22 Apr 2023SEK 10.0tSEK 5.5tSEK 438.7b20x22.8x1.8x
Mon, 20 Mar 2023SEK 8.5tSEK 5.3tSEK 402.8b18.6x21.2x1.6x
Wed, 15 Feb 2023SEK 9.2tSEK 5.3tSEK 442.0b19.1x20.9x1.8x
Fri, 13 Jan 2023SEK 9.7tSEK 5.1tSEK 506.0b16.8x19.2x1.9x
Sun, 11 Dec 2022SEK 9.4tSEK 5.1tSEK 510.8b16.2x18.5x1.9x
Tue, 08 Nov 2022SEK 9.0tSEK 5.1tSEK 509.0b15.7x17.6x1.8x
Thu, 06 Oct 2022SEK 8.4tSEK 4.9tSEK 568.9b14.9x14.8x1.7x
Sat, 03 Sep 2022SEK 8.9tSEK 4.8tSEK 573.3b16.3x15.6x1.8x
Mon, 01 Aug 2022SEK 9.7tSEK 4.8tSEK 561.9b17.1x17.3x2x
Wed, 29 Jun 2022SEK 8.9tSEK 4.7tSEK 663.1b15.7x13.5x1.9x
Fri, 27 May 2022SEK 9.7tSEK 4.7tSEK 656.0b17.1x14.8x2x
Sun, 24 Apr 2022SEK 10.6tSEK 4.6tSEK 628.8b19.6x16.8x2.3x
Tue, 22 Mar 2022SEK 11.3tSEK 4.9tSEK 826.7b20.2x13.6x2.3x
Thu, 17 Feb 2022SEK 11.5tSEK 4.8tSEK 798.7b22.1x14.4x2.4x
Sat, 15 Jan 2022SEK 12.1tSEK 4.7tSEK 674.8b22.8x17.9x2.6x
Mon, 13 Dec 2021SEK 12.5tSEK 4.7tSEK 674.6b23.3x18.5x2.7x
Wed, 10 Nov 2021SEK 12.4tSEK 4.7tSEK 671.0b24x18.4x2.7x
Fri, 08 Oct 2021SEK 11.3tSEK 4.3tSEK 668.4b22.7x16.8x2.6x
Sun, 05 Sep 2021SEK 12.0tSEK 4.3tSEK 666.0b24.8x18x2.8x
Tue, 03 Aug 2021SEK 12.0tSEK 4.3tSEK 666.0b23.3x18x2.8x
Price to Earnings Ratio

18x


Total Market Cap: SEK 12.0tTotal Earnings: SEK 666.0bTotal Revenue: SEK 4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.1x202220232024
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 21.4x which is higher than its 3-year average PE of 19.1x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 6.5% 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 Market0.072%
Telecom4.54%
Financials1.50%
Consumer Staples1.29%
Healthcare0.50%
Industrials-0.26%
Real Estate-1.07%
Consumer Discretionary-1.70%
Tech-1.78%
Materials-2.03%
Utilities-2.07%
Energy-4.02%
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 37.0% which is higher than its past year's earnings decline of 43.2% 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 roughly in line with its past earnings growth rate.
  • In contrast, the Financials sector is expected to see its earnings decline by 10% 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 InvestorSEK 298.501.5%
+SEK 13.8b		39.0%PE5xFinancials
NDA SE Nordea Bank AbpSEK 125.052.2%
+SEK 9.4b		5.1%PB1.2xFinancials
EQT EQTSEK 331.001.8%
+SEK 7.1b		32.1%PE110.7xFinancials
ATCO A Atlas CopcoSEK 184.400.8%
+SEK 7.1b		23.6%PE30.6xIndustrials
SWED A SwedbankSEK 226.202.7%
+SEK 6.6b		18.2%PB1.3xFinancials
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

Finding Value In The Semiconductor Supply Chain

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Over the last few weeks, we covered the three types of semiconductor chips, namely memory, logic and analog chips. This week we are taking a look at the companies that play a role in manufacturing those chips...

Continue reading

Analog Chipmakers And Why Their Capital Allocation Matters
Last Week

Analog Chipmakers And Why Their Capital Allocation Matters

Latest News

BIOA B

SEK 145.70

BioArctic

7D

-35.4%

1Y

-50.5%

HEXA B

SEK 107.25

Hexagon

7D

-7.0%

1Y

3.6%

TELIA

SEK 31.99

Telia Company

7D

4.7%

1Y

35.0%

Solid Earnings Reflect Telia Company's (STO:TELIA) Strength As A Business

Jul 26
Solid Earnings Reflect Telia Company's (STO:TELIA) Strength As A Business

INVE A

SEK 298.50

Investor

7D

1.5%

1Y

39.0%

Investor (STO:INVE A) Will Pay A Dividend Of SEK1.20

Jul 25
Investor (STO:INVE A) Will Pay A Dividend Of SEK1.20

SAAB B

SEK 241.50

Saab

7D

-3.6%

1Y

76.3%

SWED A

SEK 226.20

Swedbank

7D

2.7%

1Y

18.2%

EPI A

SEK 199.40

Epiroc

7D

-2.1%

1Y

-4.6%

Epiroc (STO:EPI A) Will Pay A Dividend Of SEK1.90

Jul 23
Epiroc (STO:EPI A) Will Pay A Dividend Of SEK1.90

SAND

SEK 218.10

Sandvik

7D

2.2%

1Y

3.8%

Sandvik AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jul 22
Sandvik AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

HM B

SEK 165.95

H & M Hennes & Mauritz

7D

-1.8%

1Y

-6.2%

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

Jul 22
H & M Hennes & Mauritz (STO:HM B) Will Pay A Dividend Of SEK3.25

EVO

SEK 1,033.00

Evolution

7D

-3.1%

1Y

-20.6%

Evolution AB (publ) (STO:EVO) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Jul 22
Evolution AB (publ) (STO:EVO) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

ATCO A

SEK 184.40

Atlas Copco

7D

0.8%

1Y

23.6%

Here's What Analysts Are Forecasting For Atlas Copco AB (STO:ATCO A) After Its Second-Quarter Results

Jul 21
Here's What Analysts Are Forecasting For Atlas Copco AB (STO:ATCO A) After Its Second-Quarter Results

VOLV B

SEK 272.40

AB Volvo

7D

-3.2%

1Y

16.7%

EQT

SEK 331.00

EQT

7D

1.8%

1Y

32.1%

NDA SE

SEK 125.05

Nordea Bank Abp

7D

2.2%

1Y

5.1%

Nordea Bank Abp (STO:NDA SE) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Jul 18
Nordea Bank Abp (STO:NDA SE) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

SCA B

SEK 144.20

Svenska Cellulosa Aktiebolaget

7D

-5.4%

1Y

3.5%

Earnings Not Telling The Story For Svenska Cellulosa Aktiebolaget SCA (publ) (STO:SCA B)

Jul 15
Earnings Not Telling The Story For Svenska Cellulosa Aktiebolaget SCA (publ) (STO:SCA B)

EMBRAC B

SEK 27.25

Embracer Group

7D

17.1%

1Y

-10.5%

Some Confidence Is Lacking In Embracer Group AB (publ) (STO:EMBRAC B) As Shares Slide 26%

Jun 15
Some Confidence Is Lacking In Embracer Group AB (publ) (STO:EMBRAC B) As Shares Slide 26%