Engineering giants Atlas Copco and Sandvik are two of this year's underperformers on the list of large companies that Dagens industri believes have a good chance of becoming winners next year. It appears from an analysis.

Atlas Copco can now be bought slightly cheaper than the average valuation since the beginning of 2023, and how the share develops in the future depends a lot on whether the climate for the semiconductor industry continues to improve, according to Di.

"2024 offered a recovery after a 2023 where lower investment levels from the semiconductor industry led to a sharp decline in orders for vacuum equipment. But there is more to come. If the general industrial economy also improves, Atlas Copco can take its place among the winning stocks again," the paper writes.

When it comes to Sandvik, it is mainly about the fact that the stock has been such an underperformer that it does not take much to get it going.

"A few weeks ago, Di's Mikael Vilenius wrote about Sandvik's dismal track record during Stefan Widing's almost five-year tenure as CEO. The worst profit growth, record discount in the share and limping own growth. The bar is set low to polish the numbers next year," writes Di.

The other three companies are Getinge ("We believe in a 2025 without major FDA setbacks, better operational performance and buy the share"), Autoliv ("The share price this year has made an already cheap company even cheaper") and SSAB, whose shares have been weighed down by the decision on the major investment in a new fossil-free steel plant in Luleå for over SEK 50 million. "Now it is basically only cold feet with the board that can change the investment decision. If this happens, it would probably trigger a proper price rally," writes Di.