SSAB Corporation (SSAB.A) AI Stock Analysis

SSAB Corporation

(Nasdaq OMX AB:SSAB.A)

Select Model

Rating:57Neutral

Price Target:SEK 97.00▲(3.57% Upside)

Action:reiterated

Date:10/29/26

The score is driven primarily by solid financial resilience (low leverage and improving TTM profitability) but held back by weak free-cash-flow consistency. Technical indicators are bearish with the price below key moving averages and negative MACD, while valuation is only moderate with a mid-range P/E and a modest dividend yield.

Positive Factors

Conservative LeverageLow leverage provides SSAB with resilience through steel-cycle downturns and preserves financial flexibility for investment, operations, and customer support. The large equity base reduces balance-sheet strain, although future returns still depend on recovering and sustaining earnings power.

Negative Factors

Weak Free Cash FlowNegative and inconsistent free cash flow means capital spending or working-capital demands are absorbing operating cash, reducing the cash available for debt reduction, dividends, or growth investment. This weakens financial flexibility despite solid TTM operating cash flow.

SSAB Corporation (SSAB.A) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 93.82B
Dividend Yield: 2.14%
Average Volume (3M): 577.28K
Price to Earnings (P/E): 16.6
Beta (1Y): 1.18
Revenue Growth: 2.90%
EPS Growth: 14.62%
Country: Sweden
Employees: 14,679
Sector: General
Sector Strength: 55
Industry: Steel

SSAB Corporation Business Overview & Revenue Model

Company Description

SSAB AB (publ) engages in the production and sale of steel products in Sweden, Finland, Germany, Poland, Denmark, Asia, the Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, S...

How the Company Makes Money

SSAB primarily makes money by manufacturing steel and selling it to industrial customers, distributors, and steel service centers. Its key revenue streams include: (1) Sales of premium high-strength and wear-resistant steels: SSAB sells differentiate...

SSAB Corporation Financial Statement Overview

Summary

Financially resilient but mixed quality: income statement shows modest TTM revenue rebound and improved margins, and the balance sheet is strong with low leverage. The key weakness is cash generation—free cash flow is slightly negative in TTM and has been inconsistent, which lowers confidence in earnings quality for a cyclical steel business.

Income Statement

68Positive

Balance Sheet

80Positive

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	100.56B	96.22B	103.45B	119.49B	124.98B	95.89B
Gross Profit	14.07B	9.94B	14.52B	22.55B	-2.12B	23.47B
EBITDA	11.95B	10.02B	13.25B	21.26B	32.62B	22.21B
Net Income	5.67B	4.90B	6.52B	13.03B	-10.88B	14.66B
Balance Sheet
Total Assets	116.24B	106.13B	110.73B	107.84B	109.71B	112.02B
Cash, Cash Equivalents and Short-Term Investments	19.77B	22.77B	27.81B	28.92B	24.90B	13.80B
Total Debt	10.96B	11.34B	10.15B	10.62B	10.68B	12.51B
Total Liabilities	42.71B	38.31B	39.71B	39.89B	42.52B	38.51B
Stockholders Equity	73.48B	67.78B	70.97B	67.87B	67.12B	73.48B
Cash Flow
Free Cash Flow	-474.00M	-3.45B	3.68B	14.91B	13.21B	11.49B
Operating Cash Flow	12.46B	10.08B	11.90B	21.47B	18.16B	14.87B
Investing Cash Flow	-11.30B	-10.74B	-6.61B	-5.29B	-3.89B	-2.27B
Financing Cash Flow	-1.93B	-3.00B	-5.20B	-12.77B	-723.00M	-5.03B

SSAB Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price93.66

Price Trends

50DMA101.98Negative

100DMA100.26Negative

200DMA89.82Positive

Market Momentum

MACD-1.99Positive

RSI36.20Neutral

STOCH18.87Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SSAB.A, the sentiment is Negative. The current price of 93.66 is below the 20-day moving average (MA) of 99.76, below the 50-day MA of 101.98, and above the 200-day MA of 89.82, indicating a neutral trend. The MACD of -1.99 indicates Positive momentum. The RSI at 36.20 is Neutral, neither overbought nor oversold. The STOCH value of 18.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SSAB.A.

SSAB Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:SSAB.A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ALLEI	62Neutral	SEK 22.38B	21.66	―	2.80%	-5.24%	5.48%
SE:STE.A	58Neutral	SEK 82.74B	12.99	3.71%	1.42%	-3.86%	―
SE:LIAB	57Neutral	SEK 10.09B	21.57	6.36%	4.17%	-2.67%	-13.35%
SE:SSAB.A	57Neutral	SEK 93.82B	16.55	8.05%	2.14%	2.90%	14.62%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:GRNG	52Neutral	SEK 18.36B	13.60	12.89%	1.92%	26.72%	42.01%
SE:BEGR	46Neutral	SEK 484.92M	-26.77	-1.83%	―	-1.61%	97.59%

* General Sector Average

Performance Comparison

SE:SSAB.A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:SSAB.A	SSAB (0KII)	93.66	33.46	55.59%
SE:GRNG	Granges AB	172.20	35.98	26.42%
SE:LIAB	Lindab International AB	132.00	-89.61	-40.44%
SE:STE.A	Stora Enso Oyj (0M32)	104.00	-5.76	-5.25%
SE:BEGR	BE Group AB	24.90	-1.55	-5.86%
SE:ALLEI	Alleima AB	89.35	9.20	11.48%

SSAB Corporation Corporate Events

SSAB Sets 2027 Reporting Calendar and AGM Date

Oct 15, 2026

SSAB AB has set out its 2027 financial reporting calendar, scheduling the year‑end report for 2026 on January 28, followed by interim reports on April 21, July 21 and October 22, all to be released at 7:30 a.m. CET/CEST unless otherwise announc...

SSAB Schedules Q3 2026 Results Briefing Amid Push for Greener Steel

Oct 14, 2026

SSAB AB will present its third‑quarter 2026 results on October 28, with the report scheduled for release early that morning and a live webcast and teleconference briefing to follow, led by President and CEO Johnny Sjöström and CFO Lee...

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.

Date of analysis: Oct 29, 2026

SSAB Corporation AI Stock Analysis