Is SSAB (STO:SSAB A) A Risky Investment?
May 28
Swedish (OMX) Metals and Mining Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies20
- 7D-1.3%
- 3M7.0%
- 1Y6.2%
- YTD-0.3%
Over the last 7 days, the Metals and Mining industry has dropped 1.3%, driven by a pullback from SSAB of 3.1%. This takes the industry's 12 month performance to a gain of 6.2%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Swedish Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | kr197.8b | kr238.3b | kr18.4b | 13.2x | 10.8x | 0.8x |
| Sat, 27 Apr 2024 | kr195.3b | kr238.4b | kr18.4b | 13.9x | 10.6x | 0.8x |
| Mon, 25 Mar 2024 | kr198.4b | kr246.0b | kr21.5b | 11.9x | 9.2x | 0.8x |
| Wed, 21 Feb 2024 | kr189.2b | kr246.0b | kr21.5b | 11x | 8.8x | 0.8x |
| Fri, 19 Jan 2024 | kr183.2b | kr253.1b | -kr9,790,930,959.00 | 11.8x | -18.7x | 0.7x |
| Sun, 17 Dec 2023 | kr199.8b | kr253.1b | -kr9,786,221,083.00 | 12.6x | -20.4x | 0.8x |
| Tue, 14 Nov 2023 | kr180.3b | kr253.3b | -kr9,868,122,959.00 | 12.4x | -18.3x | 0.7x |
| Thu, 12 Oct 2023 | kr178.9b | kr255.8b | -kr7,474,133,035.00 | 12.3x | -23.9x | 0.7x |
| Sat, 09 Sep 2023 | kr171.4b | kr255.9b | -kr7,486,888,342.00 | 13x | -22.9x | 0.7x |
| Mon, 07 Aug 2023 | kr176.8b | kr255.7b | -kr7,554,162,496.00 | 13.5x | -23.4x | 0.7x |
| Wed, 05 Jul 2023 | kr195.4b | kr262.7b | -kr419,202,240.00 | 11x | -466.1x | 0.7x |
| Fri, 02 Jun 2023 | kr191.5b | kr262.7b | -kr414,948,421.00 | 13x | -461.4x | 0.7x |
| Sun, 30 Apr 2023 | kr202.1b | kr262.6b | -kr328,970,206.00 | 11.3x | -614.4x | 0.8x |
| Tue, 28 Mar 2023 | kr204.5b | kr263.2b | kr3.2b | 9.6x | 64.5x | 0.8x |
| Thu, 23 Feb 2023 | kr223.1b | kr263.1b | kr3.3b | 9.5x | 66.9x | 0.8x |
| Sat, 21 Jan 2023 | kr215.8b | kr252.7b | kr38.8b | 6.7x | 5.6x | 0.9x |
| Mon, 19 Dec 2022 | kr186.3b | kr252.7b | kr38.8b | 6.2x | 4.8x | 0.7x |
| Wed, 16 Nov 2022 | kr186.1b | kr252.6b | kr38.9b | 6.4x | 4.8x | 0.7x |
| Fri, 14 Oct 2022 | kr176.0b | kr240.0b | kr37.8b | 6.5x | 4.6x | 0.7x |
| Sun, 11 Sep 2022 | kr173.1b | kr240.0b | kr37.9b | 6.5x | 4.6x | 0.7x |
| Tue, 09 Aug 2022 | kr155.7b | kr223.7b | kr36.0b | 8.2x | 4.3x | 0.7x |
| Thu, 07 Jul 2022 | kr138.9b | kr205.8b | kr30.1b | 13.5x | 4.6x | 0.7x |
| Sat, 04 Jun 2022 | kr189.9b | kr205.7b | kr30.1b | 16.3x | 6.3x | 0.9x |
| Mon, 02 May 2022 | kr195.1b | kr205.6b | kr30.1b | 10.4x | 6.5x | 0.9x |
| Wed, 30 Mar 2022 | kr204.5b | kr186.6b | kr23.8b | 12.2x | 8.6x | 1.1x |
| Fri, 25 Feb 2022 | kr175.9b | kr186.7b | kr23.9b | 12.6x | 7.4x | 0.9x |
| Sun, 23 Jan 2022 | kr175.4b | kr172.7b | kr18.7b | 12.6x | 9.4x | 1x |
| Tue, 21 Dec 2021 | kr156.5b | kr172.7b | kr18.7b | 12.4x | 8.4x | 0.9x |
| Thu, 18 Nov 2021 | kr144.1b | kr172.5b | kr18.6b | 15x | 7.7x | 0.8x |
| Sat, 16 Oct 2021 | kr148.4b | kr157.3b | kr13.6b | 15.6x | 10.9x | 0.9x |
| Mon, 13 Sep 2021 | kr145.1b | kr157.2b | kr13.6b | 16.1x | 10.7x | 0.9x |
| Wed, 11 Aug 2021 | kr159.9b | kr157.2b | kr13.6b | 15.8x | 11.8x | 1x |
| Sun, 06 Jun 2021 | kr151.6b | kr141.6b | kr8.9b | 25x | 17.1x | 1.1x |
Price to Earnings Ratio
17.1x
Current Industry PE
- Investors are pessimistic on the Swedish Metals and Mining 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 10.8x which is higher than its 3-year average PE of -32.5x.
- The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swedish Materials industry?
| SE Market | -2.24% | |
| Materials | -3.05% | |
| Metals and Mining | -1.34% | |
| Silver | 4.89% | |
| Aluminum | 1.45% | |
| Copper | 0% | |
| Diversified Metals and Mining | -1.02% | |
| Steel | -2.29% | |
| Precious Metals and Minerals | -3.02% | |
| Gold | -6.97% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 11.1x.
- Analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings decline of 11.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Steel industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| GRNG Gränges | kr135.50 | 1.6% +kr223.2m | 38.5% | PE14.5x | |
| ALLEI Alleima | kr70.95 | 0.6% +kr100.2m | 59.7% | PE21.9x | |
| VISC Gruvaktiebolaget Viscaria | kr24.00 | 3.4% +kr72.1m | -6.0% | PS8.1x | |
| SOSI Sotkamo Silver | kr1.97 | 4.9% +kr26.3m | 233.7% | PE16.2x | |
| NIO Nordic Iron Ore | kr5.88 | 6.1% +kr12.6m | -33.8% | PB1.7x |
