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Swedish (OMX) Market Analysis & Valuation

UpdatedNov 19, 2024
DataAggregated Company Financials
Companies873
  • 7D-3.6%
  • 3M-2.4%
  • 1Y12.3%
  • YTD4.2%

Over the last 7 days, the market has dropped 3.6%, driven by a pullback of 4.6% in the Industrials sector. As for the longer term, the market has actually risen by 12% in the last 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
Tue, 19 Nov 2024SEK 10.7tSEK 6.0tSEK 587.4b22.1x18.2x1.8x
Thu, 17 Oct 2024SEK 11.2tSEK 6.0tSEK 531.5b23.3x21.1x1.9x
Sat, 14 Sep 2024SEK 11.6tSEK 6.1tSEK 554.2b23.4x20.8x1.9x
Mon, 12 Aug 2024SEK 11.2tSEK 6.1tSEK 549.3b22.7x20.3x1.8x
Wed, 10 Jul 2024SEK 11.4tSEK 6.0tSEK 506.8b22.8x22.5x1.9x
Fri, 07 Jun 2024SEK 11.6tSEK 6.0tSEK 511.9b23.4x22.6x1.9x
Sun, 05 May 2024SEK 11.2tSEK 6.1tSEK 563.6b22.6x19.8x1.8x
Tue, 02 Apr 2024SEK 11.3tSEK 6.0tSEK 516.5b21.6x21.9x1.9x
Thu, 29 Feb 2024SEK 10.9tSEK 6.0tSEK 488.4b21.1x22.3x1.8x
Sat, 27 Jan 2024SEK 10.4tSEK 6.0tSEK 477.4b21.3x21.8x1.7x
Mon, 25 Dec 2023SEK 10.5tSEK 6.0tSEK 440.2b21.9x23.9x1.7x
Wed, 22 Nov 2023SEK 9.7tSEK 6.0tSEK 445.2b19.2x21.7x1.6x
Fri, 20 Oct 2023SEK 9.0tSEK 6.0tSEK 464.4b17.2x19.4x1.5x
Sun, 17 Sep 2023SEK 9.4tSEK 6.0tSEK 490.0b18.1x19.2x1.6x
Tue, 15 Aug 2023SEK 9.6tSEK 5.9tSEK 488.8b19.4x19.7x1.6x
Thu, 13 Jul 2023SEK 9.8tSEK 5.7tSEK 406.1b19.2x24x1.7x
Sat, 10 Jun 2023SEK 10.1tSEK 5.7tSEK 411.6b19.3x24.6x1.8x
Mon, 08 May 2023SEK 10.1tSEK 5.6tSEK 410.4b20.3x24.5x1.8x
Wed, 05 Apr 2023SEK 9.0tSEK 5.3tSEK 403.0b19.7x22.3x1.7x
Fri, 03 Mar 2023SEK 9.1tSEK 5.3tSEK 402.9b19.4x22.6x1.7x
Sun, 29 Jan 2023SEK 9.1tSEK 5.2tSEK 474.1b17.4x19.2x1.8x
Tue, 27 Dec 2022SEK 9.1tSEK 5.1tSEK 511.7b15.6x17.9x1.8x
Thu, 24 Nov 2022SEK 9.4tSEK 5.1tSEK 511.3b16x18.4x1.8x
Sat, 22 Oct 2022SEK 8.5tSEK 4.9tSEK 553.4b15.1x15.3x1.7x
Mon, 19 Sep 2022SEK 8.7tSEK 4.8tSEK 572.0b15.4x15.2x1.8x
Wed, 17 Aug 2022SEK 9.7tSEK 4.8tSEK 574.8b16.7x17x2x
Fri, 15 Jul 2022SEK 8.9tSEK 4.7tSEK 662.0b16.1x13.4x1.9x
Sun, 12 Jun 2022SEK 9.6tSEK 4.7tSEK 662.7b17.4x14.5x2x
Tue, 10 May 2022SEK 9.3tSEK 4.7tSEK 666.7b17.5x13.9x2x
Thu, 07 Apr 2022SEK 10.9tSEK 4.8tSEK 813.8b20.1x13.4x2.3x
Sat, 05 Mar 2022SEK 10.1tSEK 4.9tSEK 834.7b18.7x12.1x2.1x
Mon, 31 Jan 2022SEK 11.4tSEK 4.8tSEK 786.4b22x14.5x2.4x
Wed, 29 Dec 2021SEK 12.9tSEK 4.7tSEK 674.8b24x19.1x2.7x
Fri, 26 Nov 2021SEK 12.7tSEK 4.7tSEK 672.6b24.1x18.8x2.7x
Price to Earnings Ratio

18.8x


Total Market Cap: SEK 12.7tTotal Earnings: SEK 672.6bTotal 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 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.4% 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-3.59%
Utilities1.48%
Telecom0.63%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-1.55%
Consumer Staples-1.57%
Energy-1.99%
Consumer Discretionary-2.19%
Financials-2.84%
Tech-3.23%
Industrials-4.64%
Real Estate-4.79%
Healthcare-5.44%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 10.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 47.1%, which is higher than its past year's earnings growth of 15.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 61% over the next 5 years.
  • This is better than its past earnings growth rate of 11% 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
EVO EvolutionSEK 993.201.6%
+SEK 3.2b		-8.9%PE15.4xConsumer Discretionary
BIOA B BioArcticSEK 177.9023.1%
+SEK 3.0b		-24.6%PS94.2xHealthcare
EMBRAC B Embracer GroupSEK 28.737.4%
+SEK 2.7b		23.8%PS1xTelecom
SCA B Svenska Cellulosa AktiebolagetSEK 141.502.4%
+SEK 2.4b		-12.2%PE27.1xMaterials
MTG B Modern Times Group MTGSEK 91.5019.1%
+SEK 1.7b		2.9%PS1.8xTelecom
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SEK 30.83

Telia Company

7D

0.6%

1Y

27.7%

ATCO A

SEK 174.55

Atlas Copco

7D

-5.4%

1Y

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CS

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CoinShares International

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BIOA B

SEK 177.90

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SEK 142.50

Surgical Science Sweden

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23.9%

1Y

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EMBRAC B

SEK 28.73

Embracer Group

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1Y

23.8%

SCA B

SEK 141.50

Svenska Cellulosa Aktiebolaget

7D

2.4%

1Y

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SOBI

SEK 300.20

Swedish Orphan Biovitrum

7D

-8.5%

1Y

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ASSA B

SEK 325.20

ASSA ABLOY

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1Y

24.0%

MTG B

SEK 91.50

Modern Times Group MTG

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2.9%

EPI A

SEK 198.40

Epiroc

7D

-5.9%

1Y

1.7%

HEXA B

SEK 94.22

Hexagon

7D

-4.7%

1Y

-8.5%

EVO

SEK 993.20

Evolution

7D

1.6%

1Y

-8.9%

EQT

SEK 295.00

EQT

7D

-5.8%

1Y

18.1%

VOLV B

SEK 271.20

AB Volvo

7D

-4.3%

1Y

15.8%

INVE A

SEK 296.30

Investor

7D

-2.5%

1Y

40.4%