Header cover image

Swedish (OMX) Market Analysis & Valuation

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies890
  • 7D-1.6%
  • 3M3.6%
  • 1Y12.3%
  • YTD7.8%

Over the last 7 days, the market has dropped 1.6%, driven by a loss of 2.7% in the Industrials sector. In the last year, the market is actually up 12%. 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
Fri, 26 Jul 2024SEK 11.6tSEK 6.1tSEK 544.6b22.9x21.3x1.9x
Sun, 23 Jun 2024SEK 11.4tSEK 6.0tSEK 511.5b23x22.4x1.9x
Tue, 21 May 2024SEK 11.7tSEK 6.1tSEK 531.5b23x22.1x1.9x
Thu, 18 Apr 2024SEK 11.0tSEK 6.0tSEK 525.7b21.9x21x1.8x
Sat, 16 Mar 2024SEK 11.2tSEK 6.0tSEK 514.2b21.1x21.9x1.9x
Mon, 12 Feb 2024SEK 10.5tSEK 6.0tSEK 499.9b21.3x21.1x1.8x
Wed, 10 Jan 2024SEK 10.3tSEK 6.0tSEK 440.7b22.5x23.5x1.7x
Fri, 08 Dec 2023SEK 10.0tSEK 6.0tSEK 441.6b20.4x22.7x1.7x
Sun, 05 Nov 2023SEK 9.2tSEK 6.0tSEK 446.9b18.5x20.6x1.5x
Tue, 03 Oct 2023SEK 9.3tSEK 6.0tSEK 489.5b17.9x18.9x1.6x
Thu, 31 Aug 2023SEK 9.4tSEK 5.9tSEK 489.3b18.5x19.2x1.6x
Sat, 29 Jul 2023SEK 9.8tSEK 5.9tSEK 484.1b19.6x20.3x1.7x
Mon, 26 Jun 2023SEK 9.8tSEK 5.7tSEK 411.6b18.9x23.7x1.7x
Wed, 24 May 2023SEK 10.0tSEK 5.6tSEK 399.8b19.8x25.1x1.8x
Fri, 21 Apr 2023SEK 9.4tSEK 5.4tSEK 413.8b19.9x22.7x1.7x
Sun, 19 Mar 2023SEK 8.0tSEK 5.2tSEK 366.8b19.6x21.9x1.5x
Tue, 14 Feb 2023SEK 9.2tSEK 5.3tSEK 451.1b18.7x20.5x1.8x
Thu, 12 Jan 2023SEK 9.6tSEK 5.1tSEK 505.8b16.5x19x1.9x
Sat, 10 Dec 2022SEK 9.4tSEK 5.1tSEK 511.3b16.2x18.5x1.9x
Mon, 07 Nov 2022SEK 8.9tSEK 5.1tSEK 509.0b15.6x17.4x1.8x
Wed, 05 Oct 2022SEK 8.6tSEK 4.9tSEK 568.8b15.1x15.2x1.8x
Fri, 02 Sep 2022SEK 8.7tSEK 4.8tSEK 573.5b16.2x15.2x1.8x
Sun, 31 Jul 2022SEK 9.7tSEK 4.8tSEK 561.9b17.1x17.3x2x
Tue, 28 Jun 2022SEK 9.0tSEK 4.7tSEK 663.1b15.7x13.6x1.9x
Thu, 26 May 2022SEK 9.7tSEK 4.7tSEK 656.0b17.1x14.8x2x
Sat, 23 Apr 2022SEK 10.6tSEK 4.6tSEK 631.4b19.9x16.7x2.3x
Mon, 21 Mar 2022SEK 11.3tSEK 4.9tSEK 826.7b20.3x13.6x2.3x
Wed, 16 Feb 2022SEK 11.6tSEK 4.8tSEK 799.0b22.2x14.5x2.4x
Fri, 14 Jan 2022SEK 12.4tSEK 4.7tSEK 674.5b23.6x18.3x2.6x
Sun, 12 Dec 2021SEK 12.5tSEK 4.7tSEK 674.6b23.3x18.5x2.7x
Tue, 09 Nov 2021SEK 12.4tSEK 4.7tSEK 671.0b24x18.4x2.7x
Thu, 07 Oct 2021SEK 11.1tSEK 4.3tSEK 668.5b22.5x16.6x2.6x
Sat, 04 Sep 2021SEK 12.0tSEK 4.3tSEK 666.0b24.8x18x2.8x
Mon, 02 Aug 2021SEK 12.0tSEK 4.3tSEK 666.0b22.8x18x2.8x
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 6.5% 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 Market-1.57%
Telecom2.90%
Consumer Staples1.65%
Healthcare0.77%
Financials0.49%
Utilities-1.40%
Real Estate-1.90%
Tech-1.98%
Industrials-2.67%
Materials-2.80%
Energy-3.91%
Consumer Discretionary-6.14%
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
EQT EQTSEK 336.603.4%
+SEK 13.3b		34.7%PE112.5xFinancials
INVE A InvestorSEK 295.701.0%
+SEK 8.6b		37.9%PE5xFinancials
ESSITY B EssitySEK 303.402.5%
+SEK 5.2b		16.7%PE21.3xConsumer Staples
SOBI Swedish Orphan BiovitrumSEK 292.405.2%
+SEK 4.9b		42.9%PE46.7xHealthcare
SWED A SwedbankSEK 224.201.7%
+SEK 4.2b		14.9%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

ALFA

SEK 467.50

Alfa Laval

7D

1.7%

1Y

20.0%

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

Jul 26
Alfa Laval AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

INVE A

SEK 295.70

Investor

7D

1.0%

1Y

37.9%

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

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

ESSITY B

SEK 303.40

Essity

7D

2.5%

1Y

16.7%

SAAB B

SEK 251.15

Saab

7D

-6.2%

1Y

83.7%

BOL

SEK 319.10

Boliden

7D

-6.8%

1Y

4.7%

Earnings Beat: Boliden AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jul 24
Earnings Beat: Boliden AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

SINCH

SEK 28.25

Sinch

7D

19.7%

1Y

-0.7%

SWED A

SEK 224.20

Swedbank

7D

1.7%

1Y

14.9%

EPI A

SEK 201.00

Epiroc

7D

-7.2%

1Y

-3.3%

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

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

HM B

SEK 164.65

H & M Hennes & Mauritz

7D

-3.4%

1Y

-7.2%

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 1,020.00

Evolution

7D

-12.3%

1Y

-21.6%

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

VOLCAR B

SEK 31.32

Volvo Car AB (publ.)

7D

-12.2%

1Y

-40.1%

VOLV B

SEK 270.60

AB Volvo

7D

-5.8%

1Y

16.7%

EQT

SEK 336.60

EQT

7D

3.4%

1Y

34.7%

TREL B

SEK 390.40

Trelleborg

7D

-6.8%

1Y

39.5%

SOBI

SEK 292.40

Swedish Orphan Biovitrum

7D

5.2%

1Y

42.9%

Earnings Beat: Swedish Orphan Biovitrum AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jul 19
Earnings Beat: Swedish Orphan Biovitrum AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

NDA SE

SEK 123.85

Nordea Bank Abp

7D

0.9%

1Y

4.6%

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