Here's Why Avanza Bank Holding (STO:AZA) Has Caught The Eye Of Investors
May 14
Swedish (OMX) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies67
- 7D0.3%
- 3M5.8%
- 1Y26.6%
- YTD11.2%
The Financials is pretty flat in the last 7 days, but EQT has stood out, gaining 4.8%. As for the the longer term, the industry is up 27% over the past 12 months. As for the next few years, earnings are forecast to decline by 9.0% per annum.
Sector Valuation and Performance
Has the Swedish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr3.0t | kr735.7b | kr352.9b | 19.6x | 8.4x | 4x |
| Tue, 16 Apr 2024 | kr2.9t | kr694.8b | kr332.9b | 12.8x | 8.6x | 4.1x |
| Thu, 14 Mar 2024 | kr3.0t | kr684.0b | kr326.2b | 11.8x | 9.2x | 4.4x |
| Sat, 10 Feb 2024 | kr2.7t | kr684.3b | kr340.6b | 10.3x | 8x | 4x |
| Mon, 08 Jan 2024 | kr2.7t | kr671.2b | kr332.2b | 10.3x | 8x | 4x |
| Wed, 06 Dec 2023 | kr2.5t | kr672.5b | kr332.8b | 9.3x | 7.6x | 3.7x |
| Fri, 03 Nov 2023 | kr2.4t | kr675.9b | kr332.2b | 8.2x | 7.1x | 3.5x |
| Sun, 01 Oct 2023 | kr2.4t | kr669.4b | kr333.5b | 9.1x | 7.2x | 3.6x |
| Tue, 29 Aug 2023 | kr2.4t | kr671.3b | kr334.1b | 9.9x | 7.1x | 3.5x |
| Thu, 27 Jul 2023 | kr2.4t | kr663.8b | kr325.8b | 9.6x | 7.5x | 3.7x |
| Sat, 24 Jun 2023 | kr2.3t | kr515.2b | kr193.9b | 9x | 11.7x | 4.4x |
| Mon, 22 May 2023 | kr2.3t | kr504.8b | kr187.3b | 8.9x | 12.3x | 4.6x |
| Wed, 19 Apr 2023 | kr1.6t | kr389.4b | kr143.7b | 10.4x | 11.4x | 4.2x |
| Fri, 17 Mar 2023 | kr1.5t | kr369.7b | kr125.4b | 9.9x | 11.9x | 4x |
| Sun, 12 Feb 2023 | kr1.6t | kr365.7b | kr113.8b | 10.4x | 14.4x | 4.5x |
| Tue, 10 Jan 2023 | kr2.2t | kr352.8b | kr68.4b | 10.7x | 32.7x | 6.3x |
| Thu, 08 Dec 2022 | kr2.1t | kr350.2b | kr67.4b | 9.7x | 31.1x | 6x |
| Sat, 05 Nov 2022 | kr2.1t | kr348.6b | kr67.4b | 9.7x | 30.5x | 5.9x |
| Mon, 03 Oct 2022 | kr1.9t | kr356.6b | kr99.7b | 8.7x | 18.6x | 5.2x |
| Wed, 31 Aug 2022 | kr1.9t | kr357.8b | kr100.6b | 8.9x | 19x | 5.3x |
| Fri, 29 Jul 2022 | kr2.0t | kr353.4b | kr90.7b | 10.5x | 21.7x | 5.6x |
| Sun, 26 Jun 2022 | kr1.9t | kr454.6b | kr199.3b | 8.6x | 9.5x | 4.2x |
| Tue, 24 May 2022 | kr2.1t | kr458.7b | kr206.1b | 10.1x | 10.3x | 4.6x |
| Thu, 21 Apr 2022 | kr2.3t | kr626.7b | kr359.7b | 8.4x | 6.5x | 3.7x |
| Sat, 19 Mar 2022 | kr2.5t | kr657.9b | kr390.2b | 8.2x | 6.4x | 3.8x |
| Mon, 14 Feb 2022 | kr2.6t | kr654.5b | kr378.3b | 9.4x | 6.8x | 3.9x |
| Wed, 12 Jan 2022 | kr2.8t | kr574.3b | kr299.9b | 11x | 9.2x | 4.8x |
| Fri, 10 Dec 2021 | kr2.9t | kr572.7b | kr300.8b | 10.4x | 9.6x | 5.1x |
| Sun, 07 Nov 2021 | kr2.9t | kr571.2b | kr307.9b | 10.4x | 9.4x | 5.1x |
| Tue, 05 Oct 2021 | kr2.6t | kr595.0b | kr336.2b | 10.2x | 7.7x | 4.3x |
| Thu, 02 Sep 2021 | kr2.7t | kr595.6b | kr335.7b | 10.5x | 8.1x | 4.5x |
| Sat, 31 Jul 2021 | kr2.7t | kr595.6b | kr335.7b | 10.2x | 8.1x | 4.6x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are pessimistic on the Swedish Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.4x which is lower than its 3-year average PE of 11.8x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 5.0% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Swedish Financials sector?
| SE Market | 0.39% | |
| Financials | 0.27% | |
| Capital Markets | 3.78% | |
| Insurance | 2.05% | |
| Banks | 0.12% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | -1.17% | |
| Consumer Finance | -2.30% | |
Industry PE
- Investors are most optimistic about the Consumer Finance industry, which is trading close to its 3-year average PE ratio of 11.6x.
- Analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings growth of 34.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 38% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Financial industry is expected to see its earnings decline by 40% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EQT EQT | kr341.20 | 4.8% +kr18.4b | 60.9% | PE249.3x | |
| NDA SE Nordea Bank Abp | kr133.30 | 0.8% +kr3.5b | 21.8% | PB1.4x | |
| AZA Avanza Bank Holding | kr262.70 | 4.3% +kr1.7b | 17.2% | PE20.3x | |
| SHB A Svenska Handelsbanken | kr98.84 | 0.5% +kr1.1b | 13.3% | PB1x | |
| LUND B L E Lundbergföretagen | kr572.00 | 0.5% +kr744.0m | 17.9% | PE19.6x |
