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Swedish (OMX) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies887
  • 7D0.2%
  • 3M2.1%
  • 1Y16.5%
  • YTD7.1%

The Utilities sector gained 3.9% while the market remained flat over the last week. More promisingly, the market is up 17% over the past year. 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
Tue, 09 Jul 2024SEK 11.5tSEK 6.1tSEK 515.6b22.9x22.3x1.9x
Thu, 06 Jun 2024SEK 11.6tSEK 6.0tSEK 512.4b23.3x22.6x1.9x
Sat, 04 May 2024SEK 11.2tSEK 6.1tSEK 563.7b22.5x19.8x1.8x
Mon, 01 Apr 2024SEK 11.3tSEK 6.0tSEK 516.5b21.6x21.9x1.9x
Wed, 28 Feb 2024SEK 10.9tSEK 6.0tSEK 486.1b21.1x22.4x1.8x
Fri, 26 Jan 2024SEK 10.4tSEK 6.0tSEK 457.2b21.3x22.7x1.7x
Sun, 24 Dec 2023SEK 10.5tSEK 6.0tSEK 440.2b21.9x23.9x1.7x
Tue, 21 Nov 2023SEK 9.7tSEK 6.0tSEK 445.3b19.4x21.8x1.6x
Thu, 19 Oct 2023SEK 9.1tSEK 6.0tSEK 464.6b17.2x19.6x1.5x
Sat, 16 Sep 2023SEK 9.4tSEK 6.0tSEK 489.4b18x19.3x1.6x
Mon, 14 Aug 2023SEK 9.6tSEK 5.9tSEK 489.3b19.5x19.6x1.6x
Wed, 12 Jul 2023SEK 9.6tSEK 5.7tSEK 408.5b19.1x23.6x1.7x
Fri, 09 Jun 2023SEK 10.1tSEK 5.7tSEK 411.7b19x24.5x1.8x
Sun, 07 May 2023SEK 10.1tSEK 5.6tSEK 410.4b20.3x24.5x1.8x
Tue, 04 Apr 2023SEK 8.9tSEK 5.3tSEK 403.1b19.4x22.2x1.7x
Thu, 02 Mar 2023SEK 9.1tSEK 5.3tSEK 404.7b19.3x22.5x1.7x
Sat, 28 Jan 2023SEK 9.1tSEK 5.2tSEK 473.9b17.4x19.2x1.8x
Mon, 26 Dec 2022SEK 9.1tSEK 5.1tSEK 511.7b15.6x17.9x1.8x
Wed, 23 Nov 2022SEK 9.3tSEK 5.1tSEK 512.0b16.1x18.2x1.8x
Fri, 21 Oct 2022SEK 8.5tSEK 4.9tSEK 570.9b15x14.9x1.7x
Sun, 18 Sep 2022SEK 8.7tSEK 4.9tSEK 573.6b15.5x15.2x1.8x
Tue, 16 Aug 2022SEK 9.7tSEK 4.8tSEK 573.8b16.8x16.9x2x
Thu, 14 Jul 2022SEK 9.0tSEK 4.7tSEK 663.0b16.3x13.6x1.9x
Sat, 11 Jun 2022SEK 9.6tSEK 4.7tSEK 662.1b17.5x14.5x2x
Mon, 09 May 2022SEK 9.6tSEK 4.7tSEK 665.4b18.2x14.4x2x
Wed, 06 Apr 2022SEK 11.1tSEK 4.8tSEK 813.7b20.2x13.7x2.3x
Fri, 04 Mar 2022SEK 10.4tSEK 4.9tSEK 834.4b19.1x12.5x2.1x
Sun, 30 Jan 2022SEK 11.5tSEK 4.8tSEK 761.3b22.1x15x2.4x
Tue, 28 Dec 2021SEK 12.8tSEK 4.7tSEK 675.1b23.3x18.9x2.7x
Thu, 25 Nov 2021SEK 12.5tSEK 4.7tSEK 675.0b23.8x18.6x2.7x
Sat, 23 Oct 2021SEK 12.0tSEK 4.3tSEK 642.8b23.7x18.6x2.8x
Mon, 20 Sep 2021SEK 11.7tSEK 4.3tSEK 664.5b23.8x17.6x2.7x
Wed, 18 Aug 2021SEK 11.9tSEK 4.3tSEK 666.0b23.5x17.9x2.8x
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 19x202220232024
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 22.3x which is higher than its 3-year average PE of 19.0x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 8.2% 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 Market0.16%
Real Estate4.03%
Utilities3.90%
Consumer Staples1.62%
Tech1.08%
Healthcare1.05%
Energy0.74%
Telecom0.57%
Materials0.24%
Consumer Discretionary0.22%
Industrials-0.15%
Financials-1.05%
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 35.9% which is higher than its past year's earnings decline of 42.1% 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 decline of 23% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 9.3% 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 323.002.6%
+SEK 9.8b		58.5%PE239.8xFinancials
SAGA A AB SagaxSEK 288.004.7%
+SEK 6.0b		35.8%PE100.3xReal Estate
HM B H & M Hennes & MauritzSEK 170.902.1%
+SEK 5.6b		-3.9%PE24.7xConsumer Discretionary
BALD B Fastighets AB BalderSEK 78.226.2%
+SEK 5.4b		89.3%PS7.5xReal Estate
BEIJ B Beijer RefSEK 176.806.2%
+SEK 5.2b		29.8%PE37xIndustrials
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INDU A

SEK 347.20

AB Industrivärden

7D

-4.4%

1Y

20.5%

AAK

SEK 325.20

AAK AB (publ.)

7D

5.0%

1Y

64.8%

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VOLV B

SEK 266.50

AB Volvo

7D

-2.5%

1Y

21.9%

EQT

SEK 323.00

EQT

7D

2.6%

1Y

58.5%

EQT (STO:EQT) Is Due To Pay A Dividend Of €1.80

Jul 04
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INDT

SEK 283.20

Indutrade

7D

4.1%

1Y

22.9%

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HM B

SEK 170.90

H & M Hennes & Mauritz

7D

2.1%

1Y

-3.9%

ATCO A

SEK 196.15

Atlas Copco

7D

-1.3%

1Y

31.1%

Atlas Copco (STO:ATCO A) Is Due To Pay A Dividend Of SEK1.40

Jun 28
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INVE A

SEK 286.40

Investor

7D

-0.5%

1Y

39.3%

Investor (STO:INVE A) Has Announced A Dividend Of SEK1.20

Jun 25
Investor (STO:INVE A) Has Announced A Dividend Of SEK1.20

BEIJ B

SEK 176.80

Beijer Ref

7D

6.2%

1Y

29.8%

SAGA A

SEK 288.00

AB Sagax

7D

4.7%

1Y

35.8%

AKEL D

€1.69

Akelius Residential Property

7D

3.3%

1Y

-3.5%

Akelius Residential Property (STO:AKEL D) Is Due To Pay A Dividend Of €0.025

Jun 15
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BALD B

SEK 78.22

Fastighets AB Balder

7D

6.2%

1Y

89.3%

Fastighets AB Balder (STO:BALD B) Has A Somewhat Strained Balance Sheet

Jun 03
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VOLCAR B

SEK 31.65

Volvo Car AB (publ.)

7D

-4.8%

1Y

-29.9%

SWED A

SEK 215.80

Swedbank

7D

-3.1%

1Y

18.9%

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SEK 154.45

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NDA SE

SEK 125.55

Nordea Bank Abp

7D

-3.5%

1Y

8.8%