Financials Sandvik LIQUIDNET SYSTEMS

Stocks

OXSAND

SE0000667891

Mining Support Services & Equipment

Delayed LIQUIDNET SYSTEMS Other stock markets 08:09:36 2018-09-20 EDT			5-day change	1st Jan Change
158.50 ^SEK	+8.56%		-.--%	-

07-17	Choppy session on the Stockholm exchange on earnings-heavy Friday, OMXS30 index down 0.1 percent	FW
07-17	Sandvik AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

Projected Income Statement: Sandvik

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	99,105	112,332	126,503	122,878	120,680	144,447	159,935	164,918
Change	-	13.35%	12.62%	-2.87%	-1.79%	19.69%	10.72%	3.12%
EBITDA ¹	24,649	25,235	29,877	26,401	28,223	35,558	39,973	41,497
Change	-	2.38%	18.4%	-11.63%	6.9%	25.99%	12.42%	3.81%
EBIT ¹	18,116	21,020	23,300	21,635	21,502	28,704	32,280	33,795
Change	-	16.03%	10.85%	-7.15%	-0.61%	33.5%	12.46%	4.69%
Interest Paid ¹	-194	-854	-2,623	-1,959	-1,351	-1,054	-1,069	-1,036
Earnings before Tax (EBT) ¹	18,460	17,738	19,794	16,461	19,458	25,235	31,434	33,738
Change	-	-3.91%	11.59%	-16.84%	18.21%	29.69%	24.56%	7.33%
Net income ¹	14,470	12,854	15,300	12,243	14,690	19,462	23,719	25,201
Change	-	-11.17%	19.03%	-19.98%	19.99%	32.48%	21.88%	6.25%
Announcement Date	1/20/22	1/20/23	1/25/24	1/23/25	1/27/26	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	24,826	29,128	24,921	27,050	29,267	31,094	30,968	32,243	31,476	31,816	29,002	31,419	30,306	32,151	29,301	29,700	29,218	32,461	30,685	36,752	37,186	40,626	40,935	45,549	45,089	50,041
Change	-	17.33%	-14.44%	8.54%	8.2%	6.24%	-0.41%	4.12%	-2.38%	1.08%	-8.84%	8.33%	-3.54%	6.09%	-8.86%	1.36%	-1.62%	11.1%	-5.47%	19.77%	1.18%	9.25%	0.76%	11.27%	-1.01%	10.98%
EBITDA ¹	6,050	6,793	6,184	5,346	6,653	7,051	7,344	7,185	7,631	7,717	4,320	7,489	6,856	7,736	7,094	6,374	6,984	7,770	7,147	9,506	9,875	10,792	9,394	-	-	-
Change	-	12.28%	-8.97%	-13.55%	24.45%	5.98%	4.16%	-2.17%	6.21%	1.13%	-44.02%	73.36%	-8.45%	12.84%	-8.3%	-10.15%	9.57%	11.25%	-8.02%	33.01%	3.88%	9.29%	-12.95%	-	-	-
EBIT ¹	4,371	5,106	4,730	4,794	5,519	5,977	5,638	6,109	5,815	5,738	4,824	5,688	5,382	5,741	5,262	5,194	5,103	5,942	5,719	7,855	7,629	8,528	7,964	9,492	9,231	10,923
Change	-	16.82%	-7.36%	1.35%	15.12%	8.3%	-5.67%	8.35%	-4.81%	-1.32%	-15.93%	17.91%	-5.38%	6.67%	-8.34%	-1.29%	-1.75%	16.44%	-3.75%	37.35%	-2.88%	11.78%	-6.61%	19.19%	-2.75%	18.33%
Charge d'intérêts ¹	66	108	-299	18	-183	-390	-529	-704	-760	-630	-506	-563	-526	-364	-296	-339	-396	-319	-237	-254	-271.7	-248.7	-394	-390	-404	-392
Earnings before Tax (EBT) ¹	4,546	5,272	4,432	3,709	4,827	4,769	5,063	4,428	5,004	5,298	1,688	4,990	4,402	5,381	4,910	4,212	4,770	5,566	5,094	6,979	7,428	8,564	8,414	9,101	8,826	10,531
Change	-	15.97%	-15.93%	-16.31%	30.14%	-1.2%	6.16%	-12.54%	13.01%	5.88%	-68.14%	195.62%	-11.78%	22.24%	-8.75%	-14.22%	13.25%	16.69%	-8.48%	37%	6.44%	15.28%	-1.75%	8.16%	-3.02%	19.32%
Net income ¹	3,923	3,857	3,380	2,627	3,396	3,435	3,817	3,326	3,900	4,260	1,247	3,462	3,237	4,297	3,736	3,216	3,538	4,199	3,876	5,236	5,514	6,214	5,743	6,917	6,708	8,004
Change	-	-1.68%	-12.37%	-22.28%	29.27%	1.15%	11.12%	-12.86%	17.26%	9.23%	-70.73%	177.63%	-6.5%	32.75%	-13.06%	-13.92%	10.01%	18.68%	-7.69%	35.09%	5.31%	12.69%	-7.58%	20.44%	-3.02%	19.32%
Announcement Date	10/18/21	1/20/22	4/20/22	7/15/22	10/17/22	1/20/23	4/21/23	7/19/23	10/23/23	1/25/24	4/22/24	7/19/24	10/21/24	1/23/25	4/16/25	7/16/25	10/20/25	1/27/26	4/22/26	7/17/26	-	-	-	-	-	-

¹SEK in Million

Estimates

Forecast Balance Sheet: Sandvik

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	26,902	43,952	43,475	41,115	33,970	29,529	15,505	50.4
Change	-	63.38%	-1.09%	-5.43%	-17.38%	-13.07%	-47.49%	-99.67%
Announcement Date	1/20/22	1/20/23	1/25/24	1/23/25	1/27/26	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: Sandvik

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	3,578	4,234	5,354	4,841	3,807	4,748	5,332	5,548
Change	-	18.33%	26.45%	-9.58%	-21.36%	24.71%	12.3%	4.06%
Free Cash Flow (FCF) ¹	9,639	6,858	13,443	15,766	15,382	19,875	23,565	27,431
Change	-	-28.85%	96.02%	17.28%	-2.44%	29.21%	18.57%	16.41%
Announcement Date	1/20/22	1/20/23	1/25/24	1/23/25	1/27/26	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: Sandvik

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	24.87%	22.46%	23.62%	21.49%	23.39%	24.62%	24.99%	25.16%
EBIT Margin (%)	18.28%	18.71%	18.42%	17.61%	17.82%	19.87%	20.18%	20.49%
EBT Margin (%)	18.63%	15.79%	15.65%	13.4%	16.12%	17.47%	19.65%	20.46%
Net margin (%)	14.6%	11.44%	12.09%	9.96%	12.17%	13.47%	14.83%	15.28%
FCF margin (%)	9.73%	6.11%	10.63%	12.83%	12.75%	13.76%	14.73%	16.63%
FCF / Net Income (%)	66.61%	53.35%	87.86%	128.78%	104.71%	102.12%	99.35%	108.85%
Profitability
ROA	10.54%	7.74%	8.72%	6.83%	8.29%	10.7%	11.79%	12.12%
ROE	20.5%	18.96%	17.7%	13.98%	15.46%	20.22%	20.81%	19.42%
Financial Health
Leverage (Debt/EBITDA)	1.09x	1.74x	1.46x	1.56x	1.2x	0.83x	0.39x	0x
Debt / Free cash flow	2.79x	6.41x	3.23x	2.61x	2.21x	1.49x	0.66x	0x
Capital Intensity
CAPEX / Current Assets (%)	3.61%	3.77%	4.23%	3.94%	3.15%	3.29%	3.33%	3.36%
CAPEX / EBITDA (%)	14.52%	16.78%	17.92%	18.34%	13.49%	13.35%	13.34%	13.37%
CAPEX / FCF (%)	37.12%	61.74%	39.83%	30.71%	24.75%	23.89%	22.63%	20.22%
Items per share
Cash flow per share ¹	10.52	8.836	14.97	16.41	15.29	20.43	22.63	24.28
Change	-	-16.05%	69.38%	9.62%	-6.84%	33.69%	10.77%	7.28%
Dividend per Share ¹	4.75	5	5.5	5.75	6	6.738	7.959	8.593
Change	-	5.26%	10%	4.55%	4.35%	12.29%	18.12%	7.97%
Book Value Per Share ¹	61.5	64.8	69.9	77.3	74.3	83.56	99.9	112.6
Change	-	5.37%	7.87%	10.59%	-3.88%	12.46%	19.55%	12.67%
EPS ¹	11.52	8.94	12.18	9.75	11.7	15.5	19.15	20.35
Change	-	-22.4%	36.24%	-19.95%	20%	32.52%	23.5%	6.26%
Nbr of stocks (in thousands)	1,254,386	1,254,386	1,254,386	1,254,386	1,254,386	1,254,386	1,254,386	1,254,386
Announcement Date	1/20/22	1/20/23	1/25/24	1/23/25	1/27/26	-	-	-