Financials SSAB AB

Equities

SSAB A

SE0000171100

Iron & Steel

Market Closed - Nasdaq Stockholm 17:00:00 24/06/2024 BST 5-day change 1st Jan Change
57.94 SEK -0.69% Intraday chart for SSAB AB +2.08% -24.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,139 27,910 49,048 56,651 77,942 57,478 - -
Enterprise Value (EV) 1 42,019 38,188 46,702 42,364 59,736 37,957 41,971 50,441
P/E ratio 31.6 x -58.6 x 3.68 x -5.39 x 6.05 x 7.32 x 7.73 x 7.99 x
Yield - - 10% 15.3% 6.52% 5.27% 5.09% 4.82%
Capitalization / Revenue 0.42 x 0.43 x 0.51 x 0.44 x 0.65 x 0.53 x 0.53 x 0.52 x
EV / Revenue 0.55 x 0.58 x 0.49 x 0.33 x 0.5 x 0.35 x 0.39 x 0.46 x
EV / EBITDA 6.59 x 11.4 x 2.11 x 1.3 x 2.97 x 2.75 x 3.24 x 3.72 x
EV / FCF 17.5 x 17.7 x 4.06 x 3.21 x 4.01 x 7.52 x -8.44 x -7.18 x
FCF Yield 5.72% 5.66% 24.6% 31.2% 25% 13.3% -11.8% -13.9%
Price to Book 0.56 x 0.56 x 0.74 x 0.87 x 1.16 x 0.82 x 0.78 x 0.74 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 57.94 57.94 57.94
Announcement Date 28/01/20 29/01/21 28/01/22 27/01/23 31/01/24 - - -
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 95,891 128,745 119,489 107,653 108,046 109,986
EBITDA 1 6,374 3,364 22,094 32,675 20,141 13,826 12,969 13,549
EBIT 1 2,159 -325 18,837 29,283 16,467 9,535 9,609 9,414
Operating Margin 2.82% -0.5% 19.64% 22.74% 13.78% 8.86% 8.89% 8.56%
Earnings before Tax (EBT) 1 1,572 -802 18,416 -4,641 16,716 10,288 9,723 9,598
Net income 1 1,075 -510 14,662 -10,886 13,029 8,004 7,578 7,501
Net margin 1.41% -0.78% 15.29% -8.46% 10.9% 7.43% 7.01% 6.82%
EPS 2 1.040 -0.5000 14.24 -10.57 12.67 7.914 7.493 7.253
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 5,050 -4,973 -7,027
FCF margin 3.14% 3.31% 11.98% 10.26% 12.47% 4.69% -4.6% -6.39%
FCF Conversion (EBITDA) 37.68% 64.27% 52.01% 40.42% 74.01% 36.53% - -
FCF Conversion (Net income) 223.44% - 78.37% - 114.41% 63.1% - -
Dividend per Share 2 - - 5.250 8.700 5.000 3.056 2.946 2.790
Announcement Date 28/01/20 29/01/21 28/01/22 27/01/23 31/01/24 - - -
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 27,906 26,507 26,278 27,075 29,199
EBITDA 1 7,753 8,996 11,241 7,599 4,637 5,600 5,871 5,307 3,364 4,142 3,937 2,817 2,882 3,728 4,132
EBIT 1 6,961 8,377 10,395 6,742 3,768 4,733 4,963 4,371 2,400 3,157 3,069 1,673 1,695 2,674 3,077
Operating Margin 25.46% 26.53% 29.27% 21.39% 12.5% 14.84% 15.62% 14.9% 9.07% 11.63% 11% 6.31% 6.45% 9.88% 10.54%
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 3,030 2,192 2,294 2,952 3,164
Net income 1 5,458 6,013 8,021 5,074 -29,995 3,699 3,923 3,506 1,901 2,573 2,493 1,571 1,519 2,178 2,512
Net margin 19.97% 19.04% 22.58% 16.1% -99.53% 11.59% 12.35% 11.95% 7.18% 9.48% 8.93% 5.93% 5.78% 8.04% 8.6%
EPS 2 5.300 5.840 7.790 4.930 -29.13 3.590 3.810 3.400 1.860 2.570 2.429 1.507 1.493 2.182 2.516
Dividend per Share 2 5.250 - - - 8.700 - - - 5.000 - - - 2.937 - -
Announcement Date 28/01/22 26/04/22 22/07/22 25/10/22 27/01/23 26/04/23 21/07/23 25/10/23 31/01/24 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 19,521 15,507 7,036
Leverage (Debt/EBITDA) 1.55 x 3.055 x - - - - - -
Free Cash Flow 1 2,402 2,162 11,491 13,208 14,906 5,050 -4,973 -7,027
ROE (net income / shareholders' equity) 2.14% -0.89% 23.4% 32.8% 19.3% 11.5% 10% 8.7%
ROA (Net income/ Total Assets) 1.37% -0.56% 14.6% 20.8% 12% 7.71% 6.95% 6.16%
Assets 1 78,362 91,290 100,311 -52,355 108,775 103,807 109,099 121,832
Book Value Per Share 2 58.60 52.40 71.00 65.20 65.90 70.40 74.20 78.10
Cash Flow per Share 2 5.190 4.240 11.50 17.60 20.90 11.80 11.70 10.90
Capex 1 2,939 2,204 3,382 4,948 6,567 5,806 12,129 17,459
Capex / Sales 3.84% 3.37% 3.53% 3.84% 5.5% 5.39% 11.23% 15.87%
Announcement Date 28/01/20 29/01/21 28/01/22 27/01/23 31/01/24 - - -
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
57.94 SEK
Average target price
77.07 SEK
Spread / Average Target
+33.02%
Consensus