Want to see SE:SEB.A full AI Analyst Report?
Top Page
Skandinaviska Enskilda Banken AB
(SEB.A)
Select Model
Select Model
Rating:59Neutral
Price Target:
kr213.00
â–¼(-3.09% Downside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by solid profitability but offset by elevated leverage and especially weak/volatile cash flow quality. Technical indicators are notably bearish with the price below key moving averages and negative momentum, while a reasonable P/E and ~3.9% dividend yield provide partial support.
Positive Factors
Sustained Profitability
SEB continues to generate strong profitability, with margins remaining around 19–23% and approximately 21% TTM. This indicates resilient earnings power and provides an internal source of capital to support investment, absorb credit costs, and maintain competitiveness across banking cycles.
Negative Factors
High and Rising Leverage
SEB's consistently high debt-to-equity ratio and sharp TTM debt increase leave the balance sheet more sensitive to funding costs, liquidity conditions, and credit deterioration. Elevated leverage can constrain financial flexibility and raise the impact of adverse banking conditions on shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
SEB continues to generate strong profitability, with margins remaining around 19–23% and approximately 21% TTM. This indicates resilient earnings power and provides an internal source of capital to support investment, absorb credit costs, and maintain competitiveness across banking cycles.
Read all positive factors
Skandinaviska Enskilda Banken AB (SEB.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr393.74B
Dividend Yield4.23%
Average Volume (3M)3.25M
Price to Earnings (P/E)12.7
Beta (1Y)1.00
Revenue Growth-7.65%
EPS Growth1.59%
CountrySE
Employees18,400
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)15.81
Shares Outstanding1,961,308,600
10 Day Avg. Volume4,395,283
30 Day Avg. Volume3,250,692
Financial Highlights & Ratios
PEG Ratio-1.15
Price to Book (P/B)1.69
Price to Sales (P/S)2.55
P/FCF Ratio12.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr229.50Price Target Upside4.41% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)16.2
Revenue Forecast (FY)kr77.84B
Skandinaviska Enskilda Banken AB Business Overview & Revenue Model
Company Description
Skandinaviska Enskilda Banken AB (publ), or SEB, is a comprehensive financial services group offering corporate, retail, investment, and private banking solutions to a diverse client base. The organization operates through distinct divisions: Larg...
How the Company Makes Money
SEB makes money primarily by earning net interest income, generating fee and commission income from banking and investment services, and, to a lesser extent, earning trading/market-related income and other income streams.
1) Net interest income (...
Skandinaviska Enskilda Banken AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
61
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 149.18B | 152.48B | 185.76B | 167.83B | 87.17B | 60.89B |
| Gross Profit | 78.09B | 76.94B | 81.61B | 79.96B | 64.47B | 55.61B |
| EBITDA | 40.21B | 41.26B | 48.21B | 49.93B | 35.63B | 32.77B |
| Net Income | 30.97B | 31.06B | 35.87B | 38.12B | 26.88B | 25.42B |
Balance Sheet | ||||||
| Total Assets | 4.44T | 3.67T | 3.76T | 3.61T | 3.53T | 3.30T |
| Cash, Cash Equivalents and Short-Term Investments | 429.35B | 299.86B | 3.10B | 409.07B | 2.22B | 443.32B |
| Total Debt | 1.25T | 844.18B | 460.38B | 5.73B | 369.89B | 765.44B |
| Total Liabilities | 4.20T | 3.44T | 3.53T | 3.39T | 3.33T | 3.11T |
| Stockholders Equity | 234.66B | 230.26B | 231.15B | 221.78B | 204.52B | 193.23B |
Cash Flow | ||||||
| Free Cash Flow | -247.99B | 31.85B | -35.62B | -39.42B | -71.19B | 129.65B |
| Operating Cash Flow | 32.86B | 33.20B | -34.43B | -38.39B | -70.17B | 130.29B |
| Investing Cash Flow | -246.78B | 6.98B | -5.00B | -607.00M | -805.00M | -846.00M |
| Financing Cash Flow | 261.39B | -45.68B | -15.80B | -19.33B | -17.83B | -22.23B |
Skandinaviska Enskilda Banken AB Technical Analysis
Negative
219.80
Price Trends
224.88
Negative
215.16
Negative
197.88
Positive
Market Momentum
-5.13
Positive
25.00
Positive
6.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEB.A, the sentiment is Negative. The current price of 219.8 is below the 20-day moving average (MA) of 223.89, below the 50-day MA of 224.88, and above the 200-day MA of 197.88, indicating a neutral trend. The MACD of -5.13 indicates Positive momentum. The RSI at 25.00 is Positive, neither overbought nor oversold. The STOCH value of 6.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SEB.A.
Skandinaviska Enskilda Banken AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr13.51B | 17.21 | 22.19% | 2.92% | 21.52% | 15.81% | |
71 Outperform | kr55.31B | 18.93 | 39.67% | 3.65% | 13.47% | 10.94% | |
71 Outperform | kr299.61B | 12.75 | 12.53% | 11.68% | -13.80% | -5.44% | |
69 Neutral | kr79.41B | 23.41 | 42.32% | 2.69% | 10.92% | 20.49% | |
61 Neutral | kr425.02B | 13.76 | 14.60% | 5.40% | -5.28% | -6.33% | |
59 Neutral | kr393.74B | 12.72 | 13.67% | 4.23% | -7.65% | 1.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:SEB.A
Skandinaviska Enskilda Banken AB
201.10
30.42
17.82%
SE:AZA
Avanza Bank Holding AB
349.70
-14.66
-4.02%
SE:SHB.A
Svenska Handelsbanken AB
149.85
42.22
39.23%
SE:SWED.A
Swedbank
379.00
116.73
44.51%
SE:SAVE
Nordnet AB
320.20
48.21
17.73%
SE:AVARDA
TF Bank AB
209.00
38.82
22.81%
Skandinaviska Enskilda Banken AB Corporate Events
SEB posts record Q3 fee income and tight cost control amid volatile markets
Oct 22, 2026
SEB reported continued credit demand across all divisions in the third quarter of 2026, supporting a record level of net fee and commission income despite challenging conditions in fixed income, currencies and commodities markets that weighed on n...
SEB settles DFS probe, U.S. reviews on Baltic AML controls concluded
Oct 15, 2026
Skandinaviska Enskilda Banken AB has finalized a settlement with the New York State Department of Financial Services related to historical customer due diligence and transaction monitoring practices in its Baltic operations between 2015 and 2019. ...
SEB CEO Johan Torgeby Steps Down; Deputy Jonas Ahlström Named Acting Chief
Oct 6, 2026
SEB’s long-serving President and CEO Johan Torgeby has decided to resign from his roles, including his board seat, citing personal and family-related reasons, ending nearly a decade at the helm of the Nordic banking group. Under his tenure, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.