Financials SSAB AB

Equities

SSAB A

SE0000171100

Iron & Steel

Market Closed - Nasdaq Stockholm 11:29:41 2024-04-26 EDT 5-day change 1st Jan Change
62.14 SEK +0.55% Intraday chart for SSAB AB -2.78% -18.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,139 27,910 49,048 56,651 77,942 61,622 - -
Enterprise Value (EV) 1 42,019 38,188 46,702 42,364 59,736 41,591 46,239 50,114
P/E ratio 31.6 x -58.6 x 3.68 x -5.39 x 6.05 x 8.14 x 8.18 x 8.33 x
Yield - - 10% 15.3% 6.52% 4.91% 4.79% 4.98%
Capitalization / Revenue 0.42 x 0.43 x 0.51 x 0.44 x 0.65 x 0.57 x 0.57 x 0.55 x
EV / Revenue 0.55 x 0.58 x 0.49 x 0.33 x 0.5 x 0.38 x 0.43 x 0.45 x
EV / EBITDA 6.59 x 11.4 x 2.11 x 1.3 x 2.97 x 3.05 x 3.53 x 3.65 x
EV / FCF 17.5 x 17.7 x 4.06 x 3.21 x 4.01 x 8.36 x -759 x 196 x
FCF Yield 5.72% 5.66% 24.6% 31.2% 25% 12% -0.13% 0.51%
Price to Book 0.56 x 0.56 x 0.74 x 0.87 x 1.16 x 0.89 x 0.84 x 0.82 x
Nbr of stocks (in thousands) 1,029,835 1,029,835 1,029,835 1,029,835 1,012,743 996,618 - -
Reference price 2 32.85 29.30 52.44 56.94 76.68 62.14 62.14 62.14
Announcement Date 20-01-28 21-01-29 22-01-28 23-01-27 24-01-31 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 76,485 65,396 95,891 128,745 119,489 108,525 108,752 111,483
EBITDA 1 6,374 3,364 22,094 32,675 20,141 13,642 13,096 13,744
EBIT 1 2,159 -325 18,837 29,283 16,467 9,031 9,805 9,614
Operating Margin 2.82% -0.5% 19.64% 22.74% 13.78% 8.32% 9.02% 8.62%
Earnings before Tax (EBT) 1 1,572 -802 18,416 -4,641 16,716 10,045 9,839 9,800
Net income 1 1,075 -510 14,662 -10,886 13,029 7,836 7,716 7,780
Net margin 1.41% -0.78% 15.29% -8.46% 10.9% 7.22% 7.09% 6.98%
EPS 2 1.040 -0.5000 14.24 -10.57 12.67 7.631 7.598 7.461
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 4,972 -60.89 255.2
FCF margin 3.14% 3.31% 11.98% 10.26% 12.47% 4.58% -0.06% 0.23%
FCF Conversion (EBITDA) 37.68% 64.27% 52.01% 40.42% 74.01% 36.45% - 1.86%
FCF Conversion (Net income) 223.44% - 78.37% - 114.41% 63.45% - 3.28%
Dividend per Share 2 - - 5.250 8.700 5.000 3.054 2.974 3.093
Announcement Date 20-01-28 21-01-29 22-01-28 23-01-27 24-01-31 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 27,337 31,575 35,516 31,516 30,138 31,904 31,777 29,339 26,469 27,148 28,341 26,398 26,410 27,085 29,214
EBITDA 1 7,753 8,996 11,241 7,599 4,637 5,600 5,871 5,307 3,364 4,142 4,114 2,801 2,950 3,749 4,165
EBIT 1 6,961 8,377 10,395 6,742 3,768 4,733 4,963 4,371 2,400 3,157 3,163 1,284 1,669 2,695 3,109
Operating Margin 25.46% 26.53% 29.27% 21.39% 12.5% 14.84% 15.62% 14.9% 9.07% 11.63% 11.16% 4.86% 6.32% 9.95% 10.64%
Earnings before Tax (EBT) 1 6,859 7,790 10,254 6,560 -29,245 4,787 5,019 4,449 2,460 3,318 3,043 2,487 2,729 2,983 3,196
Net income 1 5,458 6,013 8,021 5,074 -29,995 3,699 3,923 3,506 1,901 2,573 2,550 1,111 1,168 2,194 2,538
Net margin 19.97% 19.04% 22.58% 16.1% -99.53% 11.59% 12.35% 11.95% 7.18% 9.48% 9% 4.21% 4.42% 8.1% 8.69%
EPS 2 5.300 5.840 7.790 4.930 -29.13 3.590 3.810 3.400 1.860 2.570 2.449 1.442 1.551 2.199 2.542
Dividend per Share 2 5.250 - - - 8.700 - - - 5.000 - - - 2.907 - -
Announcement Date 22-01-28 22-04-26 22-07-22 22-10-25 23-01-27 23-04-26 23-07-21 23-10-25 24-01-31 24-04-24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,880 10,278 - - - - - -
Net Cash position 1 - - 2,346 14,287 18,206 20,030 15,383 11,507
Leverage (Debt/EBITDA) 1.55 x 3.055 x - - - - - -
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 4,972 -60.9 255
ROE (net income / shareholders' equity) 2.14% -0.89% 23.4% 32.8% 19.3% 11.3% 10.2% 9.52%
ROA (Net income/ Total Assets) 1.37% -0.56% 14.6% 20.8% 12% 7.85% 7.19% 7.56%
Assets 1 78,362 91,290 100,311 -52,355 108,775 99,848 107,249 102,872
Book Value Per Share 2 58.60 52.40 71.00 65.20 65.90 69.90 73.70 75.80
Cash Flow per Share 2 5.190 4.240 11.50 17.60 20.90 12.50 11.00 11.10
Capex 1 2,939 2,204 3,382 4,948 6,567 5,590 11,333 15,737
Capex / Sales 3.84% 3.37% 3.53% 3.84% 5.5% 5.15% 10.42% 14.12%
Announcement Date 20-01-28 21-01-29 22-01-28 23-01-27 24-01-31 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
62.14 SEK
Average target price
81.36 SEK
Spread / Average Target
+30.93%
Consensus