Financials Sandvik Liquidnet

Stocks

OXSAND

SE0000667891

Mining Support Services & Equipment

Real-time Estimate Cboe Europe 05:21:02 2026-10-05 EDT			5-day change	1st Jan Change
361.95 ^SEK	+128.36%		0.00%	-

02:34am	Naxs invests SEK5m in Osprey	FW
01:18am	Oddo raises its price target for Sandvik to 380 kronor (368), reiterates neutral - BN	FW

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	144,869	165,233	170,106
Change	-	13.35%	12.62%	-2.87%	-1.79%	20.04%	14.06%	2.95%
EBITDA ¹	24,649	25,235	29,877	26,401	28,223	37,118	41,157	42,691
Change	-	2.38%	18.4%	-11.63%	6.9%	31.52%	10.88%	3.73%
EBIT ¹	18,116	21,020	23,300	21,635	21,502	29,348	33,308	34,463
Change	-	16.03%	10.85%	-7.15%	-0.61%	36.49%	13.49%	3.47%
Interest Paid ¹	-194	-854	-2,623	-1,959	-1,351	-1,016	-1,076	-910.6
Earnings before Tax (EBT) ¹	18,460	17,738	19,794	16,461	19,458	27,764	32,582	34,941
Change	-	-3.91%	11.59%	-16.84%	18.21%	42.69%	17.35%	7.24%
Net income ¹	14,470	12,854	15,300	12,243	14,690	21,137	24,751	26,349
Change	-	-11.17%	19.03%	-19.98%	19.99%	43.89%	17.1%	6.46%
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	36,622	41,385	40,737	43,728	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%	-0.35%	13.01%	-1.57%	7.34%	3.11%	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	9,850	10,854	9,996	11,031	-	-
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%	3.61%	10.19%	-7.9%	10.35%	-	-
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	7,700	8,813	8,232	9,002	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%	-1.97%	14.45%	-6.59%	9.34%	2.55%	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	-268.2	-247.3	-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	7,386	8,352	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%	5.84%	13.07%	0.75%	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	5,644	6,476	5,950	6,536	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%	7.8%	14.73%	-8.12%	9.84%	2.64%	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	27,707	16,401	88.9
Change	-	63.38%	-1.09%	-5.43%	-17.38%	-18.44%	-40.81%	-99.46%
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	4,463	5,176	5,460
Change	-	18.33%	26.45%	-9.58%	-21.36%	17.23%	15.99%	5.48%
Free Cash Flow (FCF) ¹	9,639	6,858	13,443	15,766	15,382	18,230	23,750	26,910
Change	-	-28.85%	96.02%	17.28%	-2.44%	18.51%	30.28%	13.3%
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%	25.62%	24.91%	25.1%
EBIT Margin (%)	18.28%	18.71%	18.42%	17.61%	17.82%	20.26%	20.16%	20.26%
EBT Margin (%)	18.63%	15.79%	15.65%	13.4%	16.12%	19.16%	19.72%	20.54%
Net margin (%)	14.6%	11.44%	12.09%	9.96%	12.17%	14.59%	14.98%	15.49%
FCF margin (%)	9.73%	6.11%	10.63%	12.83%	12.75%	12.58%	14.37%	15.82%
FCF / Net Income (%)	66.61%	53.35%	87.86%	128.78%	104.71%	86.25%	95.96%	102.13%
Profitability
ROA	10.54%	7.74%	8.72%	6.83%	8.29%	11.32%	12.02%	12.18%
ROE	20.5%	18.96%	17.7%	13.98%	15.46%	20.9%	21.07%	19.48%
Financial Health
Leverage (Debt/EBITDA)	1.09x	1.74x	1.46x	1.56x	1.2x	0.75x	0.4x	0x
Debt / Free cash flow	2.79x	6.41x	3.23x	2.61x	2.21x	1.52x	0.69x	0x
Capital Intensity
CAPEX / Current Assets (%)	3.61%	3.77%	4.23%	3.94%	3.15%	3.08%	3.13%	3.21%
CAPEX / EBITDA (%)	14.52%	16.78%	17.92%	18.34%	13.49%	12.02%	12.58%	12.79%
CAPEX / FCF (%)	37.12%	61.74%	39.83%	30.71%	24.75%	24.48%	21.79%	20.29%
Items per share
Cash flow per share ¹	10.52	8.836	14.97	16.41	15.29	20.29	23.17	25.31
Change	-	-16.05%	69.38%	9.62%	-6.84%	32.77%	14.18%	9.22%
Dividend per Share ¹	4.75	5	5.5	5.75	6	7.42	8.327	8.72
Change	-	5.26%	10%	4.55%	4.35%	23.67%	12.21%	4.72%
Book Value Per Share ¹	61.5	64.8	69.9	77.3	74.3	87.86	100.8	113.5
Change	-	5.37%	7.87%	10.59%	-3.88%	18.26%	14.67%	12.63%
EPS ¹	11.52	8.94	12.18	9.75	11.7	16.8	19.6	20.88
Change	-	-22.4%	36.24%	-19.95%	20%	43.55%	16.7%	6.52%
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	-	-	-