Financials SSAB AB

Equities

SSAB A

SE0000171100

Iron & Steel

Real-time Estimate Cboe Europe 05:53:40 2024-04-19 am EDT 5-day change 1st Jan Change
63.56 SEK -1.12% Intraday chart for SSAB AB -6.36% -17.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,139 27,910 49,048 56,651 77,942 63,993 - -
Enterprise Value (EV) 1 42,019 38,188 46,702 42,364 59,736 45,359 48,329 52,944
P/E ratio 31.6 x -58.6 x 3.68 x -5.39 x 6.05 x 8.75 x 8.51 x 8.78 x
Yield - - 10% 15.3% 6.52% 4.52% 4.62% 4.5%
Capitalization / Revenue 0.42 x 0.43 x 0.51 x 0.44 x 0.65 x 0.58 x 0.58 x 0.57 x
EV / Revenue 0.55 x 0.58 x 0.49 x 0.33 x 0.5 x 0.41 x 0.44 x 0.47 x
EV / EBITDA 6.59 x 11.4 x 2.11 x 1.3 x 2.97 x 3.51 x 3.62 x 3.91 x
EV / FCF 17.5 x 17.7 x 4.06 x 3.21 x 4.01 x 10.1 x -12.6 x -17 x
FCF Yield 5.72% 5.66% 24.6% 31.2% 25% 9.91% -7.91% -5.89%
Price to Book 0.56 x 0.56 x 0.74 x 0.87 x 1.16 x 0.93 x 0.88 x 0.86 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 64.28 64.28 64.28
Announcement Date 1/28/20 1/29/21 1/28/22 1/27/23 1/31/24 - - -
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 95,891 128,745 119,489 109,774 109,400 111,835
EBITDA 1 6,374 3,364 22,094 32,675 20,141 12,940 13,353 13,536
EBIT 1 2,159 -325 18,837 29,283 16,467 9,418 9,760 9,494
Operating Margin 2.82% -0.5% 19.64% 22.74% 13.78% 8.58% 8.92% 8.49%
Earnings before Tax (EBT) 1 1,572 -802 18,416 -4,641 16,716 9,371 9,805 9,678
Net income 1 1,075 -510 14,662 -10,886 13,029 7,106 7,341 7,023
Net margin 1.41% -0.78% 15.29% -8.46% 10.9% 6.47% 6.71% 6.28%
EPS 2 1.040 -0.5000 14.24 -10.57 12.67 7.347 7.552 7.324
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 4,493 -3,824 -3,117
FCF margin 3.14% 3.31% 11.98% 10.26% 12.47% 4.09% -3.5% -2.79%
FCF Conversion (EBITDA) 37.68% 64.27% 52.01% 40.42% 74.01% 34.72% - -
FCF Conversion (Net income) 223.44% - 78.37% - 114.41% 63.23% - -
Dividend per Share 2 - - 5.250 8.700 5.000 2.906 2.967 2.890
Announcement Date 1/28/20 1/29/21 1/28/22 1/27/23 1/31/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

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
Net sales 1 25,220 27,337 31,575 35,516 31,516 30,138 31,904 31,777 29,339 26,469 27,855 28,567 27,119 27,193 29,366
EBITDA 1 6,582 7,753 8,996 11,241 7,599 4,637 5,600 5,871 5,307 3,364 3,407 3,861 2,776 2,961 4,026
EBIT 1 5,800 6,961 8,377 10,395 6,742 3,768 4,733 4,963 4,371 2,400 2,499 2,902 1,830 2,002 3,056
Operating Margin 23% 25.46% 26.53% 29.27% 21.39% 12.5% 14.84% 15.62% 14.9% 9.07% 8.97% 10.16% 6.75% 7.36% 10.41%
Earnings before Tax (EBT) 1 5,689 6,859 7,790 10,254 6,560 -29,245 4,787 5,019 4,449 2,460 2,731 3,130 2,050 2,420 3,086
Net income 1 4,478 5,458 6,013 8,021 5,074 -29,995 3,699 3,923 3,506 1,901 1,991 2,212 1,203 1,337 2,059
Net margin 17.76% 19.97% 19.04% 22.58% 16.1% -99.53% 11.59% 12.35% 11.95% 7.18% 7.15% 7.74% 4.43% 4.92% 7.01%
EPS 2 4.350 5.300 5.840 7.790 4.930 -29.13 3.590 3.810 3.400 1.860 1.983 2.329 1.381 1.550 2.460
Dividend per Share 2 - 5.250 - - - 8.700 - - - 5.000 - - - 2.670 -
Announcement Date 10/25/21 1/28/22 4/26/22 7/22/22 10/25/22 1/27/23 4/26/23 7/21/23 10/25/23 1/31/24 - - - - -
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 18,634 15,663 11,049
Leverage (Debt/EBITDA) 1.55 x 3.055 x - - - - - -
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 4,493 -3,824 -3,117
ROE (net income / shareholders' equity) 2.14% -0.89% 23.4% 32.8% 19.3% 10.5% 10.2% 9.46%
ROA (Net income/ Total Assets) 1.37% -0.56% 14.6% 20.8% 12% 7.23% 7.13% 7.36%
Assets 1 78,362 91,290 100,311 -52,355 108,775 98,308 102,942 95,409
Book Value Per Share 2 58.60 52.40 71.00 65.20 65.90 69.10 73.10 74.90
Cash Flow per Share 2 5.190 4.240 11.50 17.60 20.90 10.70 10.70 10.80
Capex 1 2,939 2,204 3,382 4,948 6,567 5,545 11,937 15,027
Capex / Sales 3.84% 3.37% 3.53% 3.84% 5.5% 5.05% 10.91% 13.44%
Announcement Date 1/28/20 1/29/21 1/28/22 1/27/23 1/31/24 - - -
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
64.28 SEK
Average target price
82.57 SEK
Spread / Average Target
+28.46%
Consensus