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Swedish (OMX) Market Analysis & Valuation

UpdatedNov 01, 2024
DataAggregated Company Financials
Companies878
  • 7D1.0%
  • 3M1.2%
  • 1Y25.9%
  • YTD9.8%

Over the last 7 days, the market has risen 1.0%, driven by gains of 5.8% in the Consumer Discretionary sector. As for the past 12 months, the market is up 26%. Earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Nov 2024SEK 11.0tSEK 5.9tSEK 571.7b23.2x19.3x1.9x
Mon, 30 Sep 2024SEK 12.0tSEK 6.1tSEK 552.2b23.9x21.7x2x
Wed, 28 Aug 2024SEK 11.6tSEK 6.1tSEK 549.4b23x21.1x1.9x
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
Price to Earnings Ratio

18.4x


Total Market Cap: SEK 12.4tTotal Earnings: SEK 671.0bTotal Revenue: SEK 4.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.4x202220232024
Current Market PE
  • Investors are relatively neutral on the Swedish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 19.4x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 5.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.5% 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 Market1.04%
Consumer Discretionary5.80%
Tech3.41%
Industrials0.45%
Healthcare0.39%
Energy0.21%
Utilities0.068%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.79%
Real Estate-0.86%
Financials-1.05%
Telecom-1.25%
Consumer Staples-4.43%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 8.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.6%, which is higher than its past year's earnings growth of 13.0% 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 better than its past earnings growth rate of 20% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 18% 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
SWEC B SwecoSEK 176.506.0%
+SEK 3.6b		60.3%PE33.6xIndustrials
BEIJ B Beijer RefSEK 164.453.8%
+SEK 3.0b		45.5%PE32.9xIndustrials
BALD B Fastighets AB BalderSEK 85.543.1%
+SEK 3.0b		58.4%PS7.9xReal Estate
SINCH SinchSEK 31.549.8%
+SEK 2.4b		67.7%PE135.8xTech
SEB A Skandinaviska Enskilda BankenSEK 150.450.6%
+SEK 1.7b		21.0%PB1.4xFinancials
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BALD B

SEK 85.54

Fastighets AB Balder

7D

3.1%

1Y

58.4%

PEAB B

SEK 83.45

Peab

7D

7.2%

1Y

87.0%

SWEC B

SEK 176.50

Sweco

7D

6.0%

1Y

60.3%

EVO

SEK 1,000.50

Evolution

7D

-4.2%

1Y

-1.9%

HM B

SEK 159.50

H & M Hennes & Mauritz

7D

-7.5%

1Y

-0.4%

INVE A

SEK 302.50

Investor

7D

-1.0%

1Y

47.2%

EQT

SEK 308.20

EQT

7D

-3.7%

1Y

43.0%

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Oct 30
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HEXA B

SEK 101.65

Hexagon

7D

-3.5%

1Y

7.6%

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ATCO A

SEK 175.45

Atlas Copco

7D

-2.3%

1Y

17.6%

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SWED A

SEK 218.90

Swedbank

7D

1.9%

1Y

19.2%

Results: Swedbank AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Oct 26
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SEB A

SEK 153.00

Skandinaviska Enskilda Banken

7D

2.3%

1Y

23.1%

EPI A

SEK 208.80

Epiroc

7D

-2.4%

1Y

12.2%

LAGR B

SEK 209.80

Lagercrantz Group

7D

4.8%

1Y

100.4%

SCA B

SEK 140.40

Svenska Cellulosa Aktiebolaget

7D

-5.9%

1Y

-9.6%

BEIJ B

SEK 164.45

Beijer Ref

7D

3.8%

1Y

45.5%

SINCH

SEK 31.54

Sinch

7D

9.8%

1Y

67.7%