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Swedish (OMX) Market Analysis & Valuation

UpdatedJul 22, 2024
DataAggregated Company Financials
Companies889
  • 7D-1.0%
  • 3M4.1%
  • 1Y14.0%
  • YTD8.3%

The Consumer Staples sector gained 4.3% while the market remained flat over the last week. As for the longer term, the market has risen 14% in the past 12 months. Looking forward, 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
Mon, 22 Jul 2024SEK 11.6tSEK 6.1tSEK 546.7b23.3x21.3x1.9x
Wed, 19 Jun 2024SEK 11.4tSEK 6.0tSEK 511.1b23.1x22.2x1.9x
Fri, 17 May 2024SEK 11.6tSEK 6.1tSEK 533.9b22.8x21.8x1.9x
Sun, 14 Apr 2024SEK 11.1tSEK 6.0tSEK 523.3b21.9x21.3x1.8x
Tue, 12 Mar 2024SEK 11.1tSEK 6.0tSEK 513.3b20.6x21.5x1.8x
Thu, 08 Feb 2024SEK 10.5tSEK 6.0tSEK 508.6b21.6x20.7x1.8x
Sat, 06 Jan 2024SEK 10.3tSEK 6.0tSEK 440.8b22x23.4x1.7x
Mon, 04 Dec 2023SEK 9.8tSEK 6.0tSEK 442.0b20.4x22.2x1.6x
Wed, 01 Nov 2023SEK 8.9tSEK 6.0tSEK 450.9b17.8x19.8x1.5x
Fri, 29 Sep 2023SEK 9.2tSEK 6.0tSEK 489.3b17.4x18.7x1.5x
Sun, 27 Aug 2023SEK 9.2tSEK 6.0tSEK 489.8b18.5x18.9x1.6x
Tue, 25 Jul 2023SEK 9.8tSEK 5.9tSEK 483.6b19.4x20.2x1.7x
Thu, 22 Jun 2023SEK 9.8tSEK 5.7tSEK 412.1b19.1x23.9x1.7x
Sat, 20 May 2023SEK 10.1tSEK 5.6tSEK 400.9b19.5x25.2x1.8x
Mon, 17 Apr 2023SEK 9.3tSEK 5.3tSEK 409.8b19.9x22.7x1.7x
Wed, 15 Mar 2023SEK 8.9tSEK 5.3tSEK 403.0b19.1x22.1x1.7x
Fri, 10 Feb 2023SEK 9.3tSEK 5.2tSEK 462.8b17.6x20x1.8x
Sun, 08 Jan 2023SEK 9.3tSEK 5.1tSEK 505.3b16.2x18.4x1.8x
Tue, 06 Dec 2022SEK 9.5tSEK 5.1tSEK 502.4b16.7x19x1.9x
Thu, 03 Nov 2022SEK 8.8tSEK 5.1tSEK 515.4b15.4x17.2x1.7x
Sat, 01 Oct 2022SEK 8.3tSEK 4.9tSEK 569.5b14.4x14.5x1.7x
Mon, 29 Aug 2022SEK 9.0tSEK 4.8tSEK 572.7b16.6x15.8x1.9x
Wed, 27 Jul 2022SEK 9.3tSEK 4.8tSEK 560.8b16.4x16.5x1.9x
Fri, 24 Jun 2022SEK 8.7tSEK 4.7tSEK 663.1b15.8x13.2x1.9x
Sun, 22 May 2022SEK 9.8tSEK 4.7tSEK 661.5b17.5x14.8x2.1x
Tue, 19 Apr 2022SEK 10.7tSEK 4.7tSEK 795.7b20x13.5x2.3x
Thu, 17 Mar 2022SEK 11.1tSEK 4.9tSEK 825.6b19.8x13.5x2.3x
Sat, 12 Feb 2022SEK 11.6tSEK 4.8tSEK 791.9b22.2x14.7x2.4x
Mon, 10 Jan 2022SEK 12.6tSEK 4.7tSEK 674.7b23.5x18.6x2.7x
Wed, 08 Dec 2021SEK 12.2tSEK 4.7tSEK 674.5b23x18x2.6x
Fri, 05 Nov 2021SEK 12.3tSEK 4.7tSEK 673.8b23.5x18.3x2.6x
Sun, 03 Oct 2021SEK 11.3tSEK 4.3tSEK 668.5b22.7x16.9x2.6x
Tue, 31 Aug 2021SEK 11.9tSEK 4.3tSEK 666.0b24.4x17.9x2.8x
Price to Earnings Ratio

17.9x


Total Market Cap: SEK 11.9tTotal 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-1.00%
Consumer Staples4.28%
Telecom2.97%
Healthcare1.84%
Energy1.69%
Financials0.015%
Tech-1.81%
Industrials-1.85%
Real Estate-2.31%
Consumer Discretionary-2.47%
Utilities-2.55%
Materials-3.13%
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
VOLV B AB VolvoSEK 281.403.0%
+SEK 16.7b		23.2%PE10.3xIndustrials
ESSITY B EssitySEK 301.808.4%
+SEK 16.5b		16.8%PE21.2xConsumer Staples
SEB A Skandinaviska Enskilda BankenSEK 160.903.1%
+SEK 10.0b		27.8%PB1.5xFinancials
SHB A Svenska HandelsbankenSEK 106.954.5%
+SEK 9.2b		17.2%PB1.1xFinancials
MTRS Munters GroupSEK 239.6023.2%
+SEK 8.2b		77.5%PE50.7xIndustrials
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Market Insights

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Analog Chipmakers And Why Their Capital Allocation Matters

Richard Bowman avatar
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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ASSA B

SEK 314.90

ASSA ABLOY

7D

1.7%

1Y

24.7%

ASSA ABLOY (STO:ASSA B) Will Pay A Dividend Of SEK2.70

Jul 22
ASSA ABLOY (STO:ASSA B) Will Pay A Dividend Of SEK2.70

SAGA A

SEK 272.00

AB Sagax

7D

-4.9%

1Y

16.2%

Solid Earnings Reflect AB Sagax's (STO:SAGA A) Strength As A Business

Jul 22
Solid Earnings Reflect AB Sagax's (STO:SAGA A) Strength As A Business

SEB A

SEK 160.90

Skandinaviska Enskilda Banken

7D

3.1%

1Y

27.8%

EVO

SEK 1,066.50

Evolution

7D

-8.4%

1Y

-17.3%

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

EPI A

SEK 203.60

Epiroc

7D

-4.8%

1Y

0.7%

ATCO A

SEK 182.95

Atlas Copco

7D

-9.1%

1Y

23.5%

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

BOL

SEK 312.30

Boliden

7D

-11.0%

1Y

8.2%

MTRS

SEK 239.60

Munters Group

7D

23.2%

1Y

77.5%

INDT

SEK 316.40

Indutrade

7D

5.3%

1Y

43.6%

HUSQ B

SEK 76.56

Husqvarna

7D

-15.5%

1Y

-22.4%

TELIA

SEK 30.54

Telia Company

7D

7.1%

1Y

25.3%

ESSITY B

SEK 301.80

Essity

7D

8.4%

1Y

16.8%

VOLV B

SEK 281.40

AB Volvo

7D

3.0%

1Y

23.2%

EQT

SEK 325.00

EQT

7D

-5.3%

1Y

32.7%

SHB A

SEK 106.95

Svenska Handelsbanken

7D

4.5%

1Y

17.2%

HEXA B

SEK 115.30

Hexagon

7D

-2.5%

1Y

0.4%