Financials SSAB AB Nasdaq Stockholm

Equities

SSAB B

SE0000120669

Iron & Steel

Real-time Estimate Cboe Europe 06:53:13 08/07/2024 pm IST 5-day change 1st Jan Change
57.93 SEK -0.16% Intraday chart for SSAB AB +1.22% -24.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,139 27,910 49,048 56,651 77,942 58,238 - -
Enterprise Value (EV) 1 42,019 38,188 46,702 42,364 59,736 38,737 42,762 51,282
P/E ratio 31.6 x -58.6 x 3.68 x -5.39 x 6.05 x 7.62 x 8.01 x 8.26 x
Yield - - 10% 15.3% 6.52% 5.05% 4.91% 4.65%
Capitalization / Revenue 0.42 x 0.43 x 0.51 x 0.44 x 0.65 x 0.54 x 0.54 x 0.53 x
EV / Revenue 0.55 x 0.58 x 0.49 x 0.33 x 0.5 x 0.36 x 0.4 x 0.47 x
EV / EBITDA 6.59 x 11.4 x 2.11 x 1.3 x 2.97 x 2.83 x 3.32 x 3.8 x
EV / FCF 17.5 x 17.7 x 4.06 x 3.21 x 4.01 x 7.67 x -8.6 x -7.3 x
FCF Yield 5.72% 5.66% 24.6% 31.2% 25% 13% -11.6% -13.7%
Price to Book 0.56 x 0.56 x 0.74 x 0.87 x 1.16 x 0.84 x 0.8 x 0.76 x
Nbr of stocks (in thousands) 10,29,835 10,29,835 10,29,835 10,29,835 10,12,743 9,96,618 - -
Reference price 2 32.85 29.30 52.44 56.94 76.68 59.42 59.42 59.42
Announcement Date 28/01/20 29/01/21 28/01/22 27/01/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 76,485 65,396 95,891 1,28,745 1,19,489 1,07,559 1,07,868 1,09,791
EBITDA 1 6,374 3,364 22,094 32,675 20,141 13,682 12,879 13,478
EBIT 1 2,159 -325 18,837 29,283 16,467 9,382 9,551 9,413
Operating Margin 2.82% -0.5% 19.64% 22.74% 13.78% 8.72% 8.85% 8.57%
Earnings before Tax (EBT) 1 1,572 -802 18,416 -4,641 16,716 10,122 9,628 9,513
Net income 1 1,075 -510 14,662 -10,886 13,029 7,875 7,504 7,436
Net margin 1.41% -0.78% 15.29% -8.46% 10.9% 7.32% 6.96% 6.77%
EPS 2 1.040 -0.5000 14.24 -10.57 12.67 7.800 7.420 7.197
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 5,050 -4,973 -7,027
FCF margin 3.14% 3.31% 11.98% 10.26% 12.47% 4.7% -4.61% -6.4%
FCF Conversion (EBITDA) 37.68% 64.27% 52.01% 40.42% 74.01% 36.91% - -
FCF Conversion (Net income) 223.44% - 78.37% - 114.41% 64.13% - -
Dividend per Share 2 - - 5.250 8.700 5.000 2.999 2.916 2.766
Announcement Date 28/01/20 29/01/21 28/01/22 27/01/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 27,337 31,575 35,516 31,516 30,138 31,904 31,777 29,339 26,469 27,148 27,851 26,509 26,262 26,902 29,199
EBITDA 1 7,753 8,996 11,241 7,599 4,637 5,600 5,871 5,307 3,364 4,142 3,867 2,716 2,852 3,609 4,132
EBIT 1 6,961 8,377 10,395 6,742 3,768 4,733 4,963 4,371 2,400 3,157 2,977 1,532 1,654 2,554 3,077
Operating Margin 25.46% 26.53% 29.27% 21.39% 12.5% 14.84% 15.62% 14.9% 9.07% 11.63% 10.69% 5.78% 6.3% 9.49% 10.54%
Earnings before Tax (EBT) 1 6,859 7,790 10,254 6,560 -29,245 4,787 5,019 4,449 2,460 3,318 3,030 2,192 2,294 2,952 3,164
Net income 1 5,458 6,013 8,021 5,074 -29,995 3,699 3,923 3,506 1,901 2,573 2,406 1,460 1,486 2,083 2,512
Net margin 19.97% 19.04% 22.58% 16.1% -99.53% 11.59% 12.35% 11.95% 7.18% 9.48% 8.64% 5.51% 5.66% 7.74% 8.6%
EPS 2 5.300 5.840 7.790 4.930 -29.13 3.590 3.810 3.400 1.860 2.570 2.356 1.415 1.466 2.087 2.516
Dividend per Share 2 5.250 - - - 8.700 - - - 5.000 - - - 2.937 - -
Announcement Date 28/01/22 26/04/22 22/07/22 25/10/22 27/01/23 26/04/23 21/07/23 25/10/23 31/01/24 24/04/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,880 10,278 - - - - - -
Net Cash position 1 - - 2,346 14,287 18,206 19,501 15,476 6,956
Leverage (Debt/EBITDA) 1.55 x 3.055 x - - - - - -
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 5,050 -4,973 -7,027
ROE (net income / shareholders' equity) 2.14% -0.89% 23.4% 32.8% 19.3% 11.3% 9.99% 8.62%
ROA (Net income/ Total Assets) 1.37% -0.56% 14.6% 20.8% 12% 7.63% 6.87% 5.92%
Assets 1 78,362 91,290 1,00,311 -52,355 1,08,775 1,03,184 1,09,255 1,25,591
Book Value Per Share 2 58.60 52.40 71.00 65.20 65.90 70.40 74.20 78.00
Cash Flow per Share 2 5.190 4.240 11.50 17.60 20.90 11.50 11.50 10.70
Capex 1 2,939 2,204 3,382 4,948 6,567 5,806 12,129 17,459
Capex / Sales 3.84% 3.37% 3.53% 3.84% 5.5% 5.4% 11.24% 15.9%
Announcement Date 28/01/20 29/01/21 28/01/22 27/01/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
59.42 SEK
Average target price
76.86 SEK
Spread / Average Target
+29.35%
Consensus
1st Jan change Capi.
-11.61% 3.69TCr
+23.51% 2.61TCr
-24.52% 2.07TCr
+5.67% 2.01TCr
+5.35% 1.96TCr
-16.73% 1.91TCr
+6.35% 937.59Cr
-20.45% 870.17Cr
-.--% 778.83Cr
Other Steel