With EPS Growth And More, AB Volvo (STO:VOLV B) Makes An Interesting Case
Jun 01
Swedish (OMX) Market Analysis & Valuation
UpdatedJun 02, 2024
DataAggregated Company Financials
Companies887
- 7D-0.9%
- 3M6.2%
- 1Y14.3%
- YTD8.3%
In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 12%. Meanwhile, the market is actually up 14% over the past year. Earnings are forecast to grow by 15% annually.
Market Valuation and Performance
Has the Swedish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Jun 2024 | kr11.6t | kr6.0t | kr512.2b | 23.3x | 22.6x | 1.9x |
| Tue, 30 Apr 2024 | kr11.2t | kr6.1t | kr560.4b | 21.9x | 20x | 1.9x |
| Thu, 28 Mar 2024 | kr11.4t | kr6.0t | kr515.8b | 21.6x | 22.1x | 1.9x |
| Sat, 24 Feb 2024 | kr10.9t | kr6.0t | kr483.9b | 21x | 22.4x | 1.8x |
| Mon, 22 Jan 2024 | kr10.1t | kr6.1t | kr452.9b | 21.3x | 22.2x | 1.7x |
| Wed, 20 Dec 2023 | kr10.5t | kr6.0t | kr441.2b | 21.4x | 23.8x | 1.7x |
| Fri, 17 Nov 2023 | kr9.6t | kr6.0t | kr446.3b | 19.3x | 21.5x | 1.6x |
| Sun, 15 Oct 2023 | kr9.3t | kr6.0t | kr492.7b | 17.5x | 18.9x | 1.6x |
| Tue, 12 Sep 2023 | kr9.4t | kr6.0t | kr489.3b | 18.5x | 19.3x | 1.6x |
| Thu, 10 Aug 2023 | kr9.6t | kr5.9t | kr488.8b | 19.7x | 19.7x | 1.6x |
| Sat, 08 Jul 2023 | kr9.6t | kr5.7t | kr410.5b | 19x | 23.5x | 1.7x |
| Mon, 05 Jun 2023 | kr10.1t | kr5.6t | kr411.2b | 19.3x | 24.5x | 1.8x |
| Wed, 03 May 2023 | kr10.0t | kr5.6t | kr413.7b | 20x | 24.1x | 1.8x |
| Fri, 31 Mar 2023 | kr8.9t | kr5.3t | kr402.6b | 19.1x | 22.1x | 1.7x |
| Sun, 26 Feb 2023 | kr9.0t | kr5.3t | kr410.7b | 18.9x | 22x | 1.7x |
| Tue, 24 Jan 2023 | kr9.1t | kr5.1t | kr538.2b | 17.1x | 17x | 1.8x |
| Thu, 22 Dec 2022 | kr9.2t | kr5.1t | kr511.0b | 15.6x | 18x | 1.8x |
| Sat, 19 Nov 2022 | kr9.3t | kr5.1t | kr514.9b | 16.2x | 18.1x | 1.8x |
| Mon, 17 Oct 2022 | kr8.3t | kr4.9t | kr570.0b | 14.8x | 14.6x | 1.7x |
| Wed, 14 Sep 2022 | kr9.2t | kr4.8t | kr572.9b | 16.5x | 16.1x | 1.9x |
| Fri, 12 Aug 2022 | kr9.7t | kr4.8t | kr572.7b | 16.9x | 16.9x | 2x |
| Sun, 10 Jul 2022 | kr9.2t | kr4.7t | kr667.4b | 16.4x | 13.8x | 2x |
| Tue, 07 Jun 2022 | kr10.2t | kr4.7t | kr662.0b | 17.9x | 15.4x | 2.2x |
| Thu, 05 May 2022 | kr9.9t | kr4.7t | kr664.5b | 19x | 14.9x | 2.1x |
| Sat, 02 Apr 2022 | kr11.1t | kr4.9t | kr829.1b | 20.2x | 13.4x | 2.3x |
| Mon, 28 Feb 2022 | kr10.8t | kr4.9t | kr832.6b | 20.1x | 13x | 2.2x |
| Wed, 26 Jan 2022 | kr11.2t | kr4.8t | kr753.6b | 21.4x | 14.9x | 2.4x |
| Fri, 24 Dec 2021 | kr12.6t | kr4.7t | kr674.6b | 23.8x | 18.7x | 2.7x |
| Sun, 21 Nov 2021 | kr12.9t | kr4.7t | kr674.7b | 24.4x | 19.1x | 2.8x |
| Tue, 19 Oct 2021 | kr11.7t | kr4.3t | kr653.9b | 23.6x | 17.9x | 2.7x |
| Thu, 16 Sep 2021 | kr11.8t | kr4.3t | kr664.2b | 23.8x | 17.8x | 2.8x |
| Sat, 14 Aug 2021 | kr12.0t | kr4.3t | kr666.0b | 23.5x | 18.1x | 2.8x |
| Wed, 09 Jun 2021 | kr10.9t | kr4.2t | kr640.1b | 24x | 17x | 2.6x |
Price to Earnings Ratio
17x
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 22.6x which is higher than its 3-year average PE of 18.8x.
Past Earnings Growth
- The earnings for Swedish listed companies have declined 7.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 | -0.86% | |
| Utilities | 11.72% | |
| Energy | 6.63% | |
| Healthcare | 2.67% | |
| Telecom | 1.00% | |
| Real Estate | 0.17% | |
| Tech | -0.027% | |
| Consumer Discretionary | -0.20% | |
| Materials | -0.41% | |
| Consumer Staples | -0.77% | |
| Financials | -1.44% | |
| Industrials | -1.59% | |
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 36.0% 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 49% per year.
- In contrast, the Financials sector is expected to see its earnings decline by 9.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| VOLCAR B Volvo Car AB (publ.) | kr35.13 | 7.8% +kr7.6b | -12.5% | PE8.2x | Consumer Discretionary | |
| CALTX Calliditas Therapeutics | kr208.20 | 81.8% +kr5.0b | 122.8% | PS9.3x | Healthcare | |
| SEB A Skandinaviska Enskilda Banken | kr149.15 | 1.2% +kr3.6b | 26.0% | PB1.5x | Financials | |
| ERIC B Telefonaktiebolaget LM Ericsson | kr64.58 | 1.8% +kr3.6b | 14.3% | PS0.8x | Tech | |
| TELIA Telia Company | kr27.25 | 3.3% +kr3.4b | 8.3% | PS1.2x | Telecom |
