Handelsbanken's private investors had Wallenberg's investment company Investor as the most net purchased share last year.
The good risk spread is said to continue to attract investors, while the stock has outperformed the index in recent years.
Handelsbanken, which topped the list in 2023, is second, followed by the cyclical duo Volvo and SSAB. Other top performers include Nibe, Saab and SBB.
Interestingly, eight out of ten companies on the list are the same ones that private investors had the most net purchases in 2023.
On the sell side, Millicom tops the list, which is believed to be due to profit-taking after the stock performed strongly. For the same reason, ABB and Accelleron are also on the list, while Calliditas and Kindred have been dumped in connection with takeover bids at juicy premiums, causing savers to sell during the price increase.
SSAB AB specializes in manufacturing and distribution of specialty steel. Net sales break down by activity as follows:
- steel processing (81.1%): processing of steel and aluminum sheets for industry or construction (the group is the leading manufacturer of steel sheets in Scandinavia), production of laminated steel, metal plate and hardened steel used mainly in equipment for the construction and mining industries (world's leading manufacturer) and manufacture of safety components for the automotive industry;
- trading of steel products (11.4%): metals, building products, tools, machinery, etc. Tibnor is Sweden's leading steel trading company;
- sale of construction materials (4.8%; Ruukki Construction);
- other (2.7%).
Net sales are distributed geographically as follows: Sweden (13.7%), Finland (7.9%), Europe (37.2%), the United States (29%) and other (12.2%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
