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Swedish (OMX) Market Analysis & Valuation

UpdatedJul 21, 2024
DataAggregated Company Financials
Companies889
  • 7D-1.8%
  • 3M5.2%
  • 1Y14.4%
  • YTD8.3%

Over the last 7 days, the market has dropped 1.8%, driven by a decline of 2.5% in the Industrials sector. Meanwhile, the Consumer Staples sector has outperformed, gaining 3.4% in that time. In contrast to the last week, the market is actually up 14% over the past year. Earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jul 2024SEK 11.6tSEK 6.1tSEK 546.4b23x21.3x1.9x
Tue, 18 Jun 2024SEK 11.3tSEK 6.0tSEK 511.3b23x22.2x1.9x
Thu, 16 May 2024SEK 11.8tSEK 6.1tSEK 534.0b23.1x22.1x1.9x
Sat, 13 Apr 2024SEK 11.1tSEK 6.0tSEK 523.3b21.9x21.3x1.8x
Mon, 11 Mar 2024SEK 11.1tSEK 6.0tSEK 513.2b20.6x21.6x1.8x
Wed, 07 Feb 2024SEK 10.5tSEK 6.0tSEK 509.2b21.6x20.7x1.7x
Fri, 05 Jan 2024SEK 10.4tSEK 6.0tSEK 440.5b22.1x23.6x1.7x
Sun, 03 Dec 2023SEK 9.8tSEK 6.0tSEK 442.0b20.4x22.2x1.6x
Tue, 31 Oct 2023SEK 8.8tSEK 6.0tSEK 449.7b17.8x19.6x1.5x
Thu, 28 Sep 2023SEK 9.1tSEK 6.0tSEK 486.9b17.7x18.8x1.5x
Sat, 26 Aug 2023SEK 9.2tSEK 6.0tSEK 489.5b18.5x18.9x1.6x
Mon, 24 Jul 2023SEK 9.7tSEK 5.9tSEK 486.4b19.3x20x1.6x
Wed, 21 Jun 2023SEK 9.9tSEK 5.7tSEK 412.3b19.1x24.1x1.8x
Fri, 19 May 2023SEK 9.9tSEK 5.6tSEK 401.0b19.3x24.8x1.8x
Sun, 16 Apr 2023SEK 9.3tSEK 5.3tSEK 409.8b19.9x22.7x1.7x
Tue, 14 Mar 2023SEK 8.8tSEK 5.3tSEK 403.9b18.7x21.7x1.7x
Thu, 09 Feb 2023SEK 9.3tSEK 5.2tSEK 468.0b17.9x19.9x1.8x
Sat, 07 Jan 2023SEK 9.3tSEK 5.1tSEK 505.3b16.2x18.4x1.8x
Mon, 05 Dec 2022SEK 9.5tSEK 5.1tSEK 502.2b16.4x18.9x1.9x
Wed, 02 Nov 2022SEK 8.8tSEK 5.1tSEK 529.8b15.5x16.7x1.7x
Fri, 30 Sep 2022SEK 8.1tSEK 4.9tSEK 573.9b14.2x14x1.7x
Sun, 28 Aug 2022SEK 9.0tSEK 4.8tSEK 572.7b16.6x15.8x1.9x
Tue, 26 Jul 2022SEK 9.4tSEK 4.8tSEK 561.2b16.7x16.7x2x
Thu, 23 Jun 2022SEK 9.0tSEK 4.7tSEK 662.8b16x13.6x1.9x
Sat, 21 May 2022SEK 9.8tSEK 4.7tSEK 661.6b17.6x14.8x2.1x
Mon, 18 Apr 2022SEK 10.7tSEK 4.7tSEK 795.6b20x13.5x2.3x
Wed, 16 Mar 2022SEK 10.6tSEK 4.9tSEK 826.3b19.1x12.9x2.2x
Fri, 11 Feb 2022SEK 43.4tSEK 4.8tSEK 784.9b22.5x55.3x9x
Sun, 09 Jan 2022SEK 12.6tSEK 4.7tSEK 674.7b23.5x18.6x2.7x
Tue, 07 Dec 2021SEK 12.2tSEK 4.7tSEK 674.5b23x18x2.6x
Thu, 04 Nov 2021SEK 12.1tSEK 4.6tSEK 673.9b23.6x18x2.6x
Sat, 02 Oct 2021SEK 11.2tSEK 4.3tSEK 668.5b22.7x16.8x2.6x
Mon, 30 Aug 2021SEK 12.0tSEK 4.3tSEK 666.0b24.4x18x2.8x
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 21.3x which is higher than its 3-year average PE of 19.1x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 6.4% 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 Market-1.84%
Consumer Staples3.39%
Telecom2.93%
Energy1.25%
Healthcare0.80%
Financials-1.09%
Utilities-2.33%
Industrials-2.54%
Tech-2.90%
Real Estate-2.93%
Consumer Discretionary-3.34%
Materials-3.93%
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 35.4% 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 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
ESSITY B EssitySEK 301.807.2%
+SEK 14.1b		15.6%PE21.2xConsumer Staples
VOLV B AB VolvoSEK 281.402.0%
+SEK 11.2b		24.9%PE10.3xIndustrials
TELIA Telia CompanySEK 30.547.8%
+SEK 8.7b		27.4%PE351.1xTelecom
MTRS Munters GroupSEK 239.6021.8%
+SEK 7.8b		79.5%PE50.7xIndustrials
SHB A Svenska HandelsbankenSEK 106.953.6%
+SEK 7.3b		18.0%PB1.1xFinancials
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Richard Bowman
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This week we are continuing our series on semiconductor chips, AKA integrated circuits (ICs). We previously covered logic and memory ICs, and today we turn to their analog cousins...

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SEK 182.95

Atlas Copco

7D

-9.0%

1Y

24.0%

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BOL

SEK 312.30

Boliden

7D

-13.3%

1Y

13.3%

MTRS

SEK 239.60

Munters Group

7D

21.8%

1Y

79.5%

VITR

SEK 221.20

Vitrolife

7D

22.2%

1Y

31.7%

HEM

SEK 397.60

Hemnet Group

7D

10.8%

1Y

123.2%

TELIA

SEK 30.54

Telia Company

7D

7.8%

1Y

27.4%

ESSITY B

SEK 301.80

Essity

7D

7.2%

1Y

15.6%

VOLV B

SEK 281.40

AB Volvo

7D

2.0%

1Y

24.9%

EQT

SEK 325.00

EQT

7D

-6.0%

1Y

33.1%

SHB A

SEK 106.95

Svenska Handelsbanken

7D

3.6%

1Y

18.0%

SWEC B

SEK 167.70

Sweco

7D

6.6%

1Y

54.3%

NDA SE

SEK 122.35

Nordea Bank Abp

7D

-3.1%

1Y

2.1%

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

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EPI A

SEK 203.60

Epiroc

7D

-5.8%

1Y

0.7%

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SAGA A

SEK 272.00

AB Sagax

7D

-8.7%

1Y

15.7%

HEXA B

SEK 115.30

Hexagon

7D

-5.3%

1Y

1.7%

EVO

SEK 1,066.50

Evolution

7D

-8.4%

1Y

-16.8%

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