Projected Income Statement: Sandvik AB

Forecast Balance Sheet: Sandvik AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 26,902 43,952 43,475 41,115 33,970 27,628 15,982 -532
Change - 63.38% -1.09% -5.43% -17.38% -18.67% -42.15% -103.33%
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 AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 3,578 4,234 5,354 4,841 3,807 4,581 5,307 5,580
Change - 18.33% 26.45% -9.58% -21.36% 20.32% 15.85% 5.15%
Free Cash Flow (FCF) 1 9,639 6,858 13,443 15,766 15,382 18,262 23,843 26,964
Change - -28.85% 96.02% 17.28% -2.44% 18.72% 30.56% 13.09%
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 AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 24.87% 22.46% 23.62% 21.49% 23.39% 25.6% 24.93% 25.15%
EBIT Margin (%) 18.28% 18.71% 18.42% 17.61% 17.82% 20.51% 20.18% 20.42%
EBT Margin (%) 18.63% 15.79% 15.65% 13.4% 16.12% 19.32% 19.8% 20.68%
Net margin (%) 14.6% 11.44% 12.09% 9.96% 12.17% 14.6% 15% 15.56%
FCF margin (%) 9.73% 6.11% 10.63% 12.83% 12.75% 12.6% 14.51% 15.9%
FCF / Net Income (%) 66.61% 53.35% 87.86% 128.78% 104.71% 86.29% 96.78% 102.21%

Profitability

        
ROA 10.54% 7.74% 8.72% 6.83% 8.29% 11.28% 11.95% 12.12%
ROE 20.5% 18.96% 17.7% 13.98% 15.46% 20.75% 20.94% 19.41%

Financial Health

        
Leverage (Debt/EBITDA) 1.09x 1.74x 1.46x 1.56x 1.2x 0.74x 0.39x -
Debt / Free cash flow 2.79x 6.41x 3.23x 2.61x 2.21x 1.51x 0.67x -

Capital Intensity

        
CAPEX / Current Assets (%) 3.61% 3.77% 4.23% 3.94% 3.15% 3.16% 3.23% 3.29%
CAPEX / EBITDA (%) 14.52% 16.78% 17.92% 18.34% 13.49% 12.35% 12.96% 13.08%
CAPEX / FCF (%) 37.12% 61.74% 39.83% 30.71% 24.75% 25.08% 22.26% 20.69%

Items per share

        
Cash flow per share 1 10.52 8.836 14.97 16.41 15.29 20.37 23.27 25.3
Change - -16.05% 69.38% 9.62% -6.84% 33.25% 14.28% 8.7%
Dividend per Share 1 4.75 5 5.5 5.75 6 7.4 8.272 8.696
Change - 5.26% 10% 4.55% 4.35% 23.34% 11.79% 5.13%
Book Value Per Share 1 61.5 64.8 69.9 77.3 74.3 87.76 100.6 113.3
Change - 5.37% 7.87% 10.59% -3.88% 18.11% 14.61% 12.7%
EPS 1 11.52 8.94 12.18 9.75 11.7 16.82 19.52 20.9
Change - -22.4% 36.24% -19.95% 20% 43.78% 16.05% 7.08%
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 - - -
1SEK
Estimates
2026 *2027 *
P/E 22.2x 19.1x
PBR 4.24x 3.69x
EV / Sales 3.42x 2.95x
Yield 1.96% 2.22%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
373.10SEK
Average target price
390.90SEK
Spread / Average Target
+4.77%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. SAND Stock
  4. Financials Sandvik AB
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