Company Valuation: SSAB AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 49,048 56,651 77,942 44,075 69,667 100,285 - -
Change - 15.5% 37.58% -43.45% 58.06% 43.95% - -
Enterprise Value (EV) 1 46,702 42,364 59,736 26,298 58,071 93,998 104,117 111,349
Change - -9.29% 41.01% -55.98% 120.82% 61.87% 10.76% 6.95%
P/E 3.68x -5.39x 6.05x 6.88x 14.3x 13.9x 10.7x 11.4x
PBR 0.74x 0.87x 1.16x 0.63x 1.04x 1.35x 1.24x 1.16x
PEG - 0x -0x -0.1x -0.6x 0.3x 0.4x -1.91x
Capitalization / Revenue 0.51x 0.44x 0.65x 0.43x 0.72x 0.96x 0.88x 0.87x
EV / Revenue 0.49x 0.33x 0.5x 0.25x 0.6x 0.9x 0.91x 0.96x
EV / EBITDA 2.11x 1.3x 2.97x 2.18x 5.7x 6.81x 6.12x 6.73x
EV / EBIT 2.48x 1.45x 3.63x 3.35x 9.49x 9.81x 8.38x 9.51x
EV / FCF 4.06x 3.21x 4.01x 7.14x -16.8x -48.8x -16.2x -41.9x
FCF Yield 24.6% 31.2% 25% 14% -5.95% -2.05% -6.16% -2.39%
Dividend per Share 2 5.25 8.7 5 2 2 2.819 3.643 3.251
Rate of return 10% 15.3% 6.52% 4.45% 2.84% 2.81% 3.63% 3.24%
EPS 2 14.24 -10.57 12.67 6.54 4.92 7.23 9.357 8.797
Distribution rate 36.9% -82.3% 39.5% 30.6% 40.7% 39% 38.9% 36.9%
Net sales 1 95,891 128,745 119,489 103,418 96,220 104,680 113,831 115,475
EBITDA 1 22,094 32,675 20,141 12,069 10,189 13,794 17,018 16,551
EBIT 1 18,837 29,283 16,467 7,860 6,116 9,580 12,431 11,708
Net income 1 14,662 -10,886 13,029 6,522 4,902 7,313 9,207 8,913
Net Debt 1 -2,346 -14,287 -18,206 -17,777 -11,596 -6,287 3,831 11,064
Reference price 2 52.44 56.94 76.68 44.97 70.48 100.45 100.45 100.45
Nbr of stocks (in thousands) 1,029,835 1,029,835 1,012,743 996,618 996,618 996,618 - -
Announcement Date 1/28/22 1/27/23 1/31/24 1/29/25 1/28/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.53x1.8x4.66x7.45% 58.62B
13.09x1.43x7.47x0.93% 54.54B
15.35x0.84x6.87x0.97% 48.61B
13.87x2.33x5.32x4.43% 34.61B
13.96x1.5x8.69x0.91% 33.25B
20.08x1.77x9.78x0.58% 31.23B
12.82x1.15x6.93x2.34% 23.26B
11.39x0.75x6.63x3.75% 21.29B
17.17x1.24x11.27x1.24% 20.44B
Average 14.03x 1.42x 7.51x 2.51% 36.2B
Weighted average by Cap. 13.57x 1.47x 7.14x 2.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield