Want to see SE:SSAB.B full AI Analyst Report?
Top Page
SSAB Corporation
(SSAB.B)
Select Model
Select Model
Rating:58Neutral
Price Target:
kr98.00
▲(16.50% Upside)
Action:Reiterated
Date:10/29/26
The score is anchored by solid financial positioning driven by a conservatively levered balance sheet and still-positive profitability, but it is held back by weak free-cash-flow conversion (negative TTM FCF despite strong operating cash flow) and clear cyclical normalization from prior peak years. Technicals add additional pressure as the stock is below key moving averages with negative MACD and sub-50 RSI, while valuation is only moderate (P/E 16.76, ~2.12% yield) rather than clearly cheap.
Positive Factors
Conservative leverage
Very low leverage gives SSAB financial flexibility in a cyclical steel industry. A stable equity base and limited debt burden can help the company withstand weaker demand, preserve investment capacity, and pursue opportunities without excessive refinancing pressure.
Negative Factors
Weak free-cash-flow conversion
Negative trailing free cash flow while operating cash flow remains strong signals that investment spending or working-capital needs are absorbing cash. If sustained, this could constrain internally funded growth and reduce the quality and flexibility of reported earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low leverage gives SSAB financial flexibility in a cyclical steel industry. A stable equity base and limited debt burden can help the company withstand weaker demand, preserve investment capacity, and pursue opportunities without excessive refinancing pressure.
Read all positive factors
SSAB Corporation (SSAB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr96.35B
Dividend Yield2.06%
Average Volume (3M)1.97M
Price to Earnings (P/E)17.0
Beta (1Y)1.23
Revenue Growth2.90%
EPS Growth14.62%
CountrySE
Employees14,609
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)5.70
Shares Outstanding700,651,370
10 Day Avg. Volume2,051,993
30 Day Avg. Volume1,965,818
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)1.02
Price to Sales (P/S)0.72
P/FCF Ratio-20.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.4
Revenue Forecast (FY)kr105.14B
SSAB Corporation Business Overview & Revenue Model
Company Description
SSAB AB (publ), a Swedish company established in 1878 and headquartered in Stockholm, Sweden, is a leading global manufacturer and supplier of steel products. Its operations span the United States, Sweden, Finland, Germany, Denmark, and various ot...
How the Company Makes Money
SSAB primarily makes money by producing steel and selling it to business customers across multiple end markets. Its main revenue model is product sales: it generates revenue when it ships steel products (e.g., high-strength/specialty steels and st...
SSAB Corporation Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| 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
Negative
84.12
Price Trends
102.56
Negative
100.53
Negative
89.48
Positive
Market Momentum
-1.48
Positive
34.06
Neutral
20.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SSAB.B, the sentiment is Negative. The current price of 84.12 is below the 20-day moving average (MA) of 100.85, below the 50-day MA of 102.56, and below the 200-day MA of 89.48, indicating a neutral trend. The MACD of -1.48 indicates Positive momentum. The RSI at 34.06 is Neutral, neither overbought nor oversold. The STOCH value of 20.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SSAB.B.
SSAB Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | kr144.61B | 11.40 | 16.31% | 2.16% | 13.43% | 52.37% | |
62 Neutral | kr22.67B | 21.93 | ― | 2.76% | -5.24% | 5.48% | |
60 Neutral | kr9.99B | 21.36 | 6.36% | 4.21% | -2.67% | -13.35% | |
58 Neutral | kr96.35B | 17.03 | 8.05% | 2.06% | 2.90% | 14.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr18.31B | 13.57 | 12.89% | 1.92% | 26.72% | 42.01% | |
46 Neutral | kr488.82M | -26.99 | -1.83% | 13.33% | -1.61% | 97.59% |
* General Sector Average
SE:SSAB.B
SSAB Corporation
97.08
39.61
68.93%
SE:BOL
Boliden AB
508.80
87.51
20.77%
SE:GRNG
Granges AB
171.80
34.51
25.13%
SE:LIAB
Lindab International AB
130.70
-95.13
-42.12%
SE:BEGR
BE Group AB
25.10
-0.80
-3.09%
SE:ALLEI
Alleima AB
90.50
9.14
11.23%
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.