Saab AB (SAAB.B) AI Stock Analysis

• Market Cap: kr263.75B
• Dividend Yield: 0.41%
• Average Volume (3M): 2.49M
• Price to Earnings (P/E): 50.7
• Beta (1Y): 0.58
• Revenue Growth: 22.75%
• EPS Growth: 41.98%
• Country: SE
• Employees: 25,369
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 1.77
• Shares Outstanding: 533,847,800
• 10 Day Avg. Volume: 2,351,019
• 30 Day Avg. Volume: 2,494,750
• PEG Ratio: 1.31
• Price to Book (P/B): 3.52
• Price to Sales (P/S): 1.96
• P/FCF Ratio: 65.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr443.75
• Price Target Upside: -9.87% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 4

• Rating: 69 Neutral
• Price Target: kr539.00 ▲(9.47% Upside)

Saab AB's overall stock score is driven by strong financial performance and positive earnings call sentiment, indicating robust growth prospects. However, technical analysis shows bearish momentum, and the high P/E ratio suggests overvaluation, which tempers the overall score.

Saab AB Business Overview & Revenue Model

Company Description

Saab AB is a Swedish aerospace and defense company that specializes in advanced technology solutions for military and civil markets. The company operates primarily in three business areas: Defense, Security, and Aeronautics. Saab designs and manufactures a wide range of products, including military aircraft, submarines, and radar systems, as well as providing services related to defense and security operations.

How the Company Makes Money

Saab AB generates revenue through multiple streams, primarily from the sale of defense and security products and services. Key revenue streams include the sale of military aircraft such as the Gripen fighter jet, submarines, and various defense systems and equipment. The company also earns revenue from long-term contracts and project-based work with governments and defense agencies, which often include maintenance, support, and upgrades for their products. Additionally, Saab has established significant partnerships and collaborations with other defense contractors and governmental bodies, which further contribute to its earnings through joint projects and technology sharing.

Saab AB Financial Statement Overview

Summary

Saab AB exhibits strong financial health characterized by consistent revenue growth, solid profitability margins, and effective cash management. The balance sheet reflects prudent financial management with controlled leverage. Continuous improvement in free cash flow supports the company's financial flexibility and potential for future investments.

Income Statement

Saab AB demonstrates strong growth in revenue and profitability. The TTM (Trailing-Twelve-Months) gross profit margin stands at 21.87%, and the net profit margin is 7.14%, indicating solid profitability. Revenue growth rate from 2024 to TTM is 2.52%, with a remarkable increase from 2023 to 2024 at 23.53%. EBIT and EBITDA margins are robust at 9.03% and 11.54%, respectively, underscoring effective cost management and operational efficiency.

Balance Sheet

The company maintains a stable balance sheet with a debt-to-equity ratio of 0.27, showing a conservative leverage approach. Return on equity (ROE) for TTM is 12.22%, indicating efficient use of shareholder capital. The equity ratio stands at 37.55%, reflecting a healthy proportion of equity financing. However, the incremental increase in total debt over time warrants monitoring.

Cash Flow

Saab AB displays strong cash flow generation with an operating cash flow to net income ratio of 1.96 in TTM, highlighting excellent cash conversion. The free cash flow to net income ratio is 0.84, indicating healthy cash retention after capital expenditures. The free cash flow growth rate from 2024 to TTM is an impressive 106.06%, demonstrating substantial improvement in cash efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	69.97B	63.75B	51.61B	42.01B	39.15B	35.43B
Gross Profit	15.17B	13.66B	11.26B	8.89B	8.21B	5.68B
EBITDA	7.74B	8.49B	7.36B	4.84B	4.35B	2.75B
Net Income	5.20B	4.17B	3.38B	2.19B	1.93B	1.07B
Balance Sheet
Total Assets	105.89B	99.82B	82.76B	72.36B	65.04B	60.57B
Cash, Cash Equivalents and Short-Term Investments	7.81B	11.74B	13.47B	12.86B	11.84B	10.38B
Total Debt	9.89B	10.38B	10.04B	9.99B	9.72B	10.00B
Total Liabilities	65.94B	64.01B	50.40B	42.49B	41.79B	38.92B
Stockholders Equity	39.62B	35.50B	32.03B	29.49B	22.98B	21.47B
Cash Flow
Free Cash Flow	5.06B	1.89B	2.92B	2.34B	3.19B	2.91B
Operating Cash Flow	11.04B	6.73B	6.46B	4.65B	5.71B	5.80B
Investing Cash Flow	-8.48B	-4.18B	-5.92B	-2.44B	-4.70B	-4.00B
Financing Cash Flow	-2.08B	-1.93B	-1.23B	-1.18B	-1.64B	-1.13B

Saab AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 492.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SAAB.B, the sentiment is Neutral. The current price of 492.35 is below the 20-day moving average (MA) of 526.72, below the 50-day MA of 526.59, and above the 200-day MA of 435.19, indicating a neutral trend. The MACD of -15.22 indicates Positive momentum. The RSI at 40.85 is Neutral, neither overbought nor oversold. The STOCH value of 36.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SAAB.B.

Saab AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AVT.B	77 Outperform	€564.80M	32.84	35.19%	1.05%	34.25%	57.77%
SAAB.B	69 Neutral	kr263.75B	50.71	14.05%	0.41%	22.75%	41.98%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CTT	56 Neutral	kr2.58B	47.58	―	2.72%	-13.34%	-46.12%
MILDEF	55 Neutral	€9.38B	―	-19.55%	0.26%	24.94%	-578.00%
AAC	54 Neutral	kr644.26M	―	-0.45%	―	49.12%	97.26%
GOMX	51 Neutral	kr2.70B	―	―	―	9.60%	40.86%

Saab AB Corporate Events

Saab AB Reports Strong Q3 2025 Performance and Upgrades Outlook

Saab AB reported strong financial performance in the third quarter of 2025, with significant growth in sales and order bookings. The company upgraded its outlook for the year, expecting organic sales growth to reach 20-24%, driven by robust performance in its aeronautics division. This growth underscores Saab’s strengthened market position and its commitment to expanding its capabilities and offerings in the defense sector.

The most recent analyst rating on ($SE:SAAB.B) stock is a Hold with a SEK526.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab Appoints Marcus Wandt to Lead New Strategy and Technology Group

Saab has appointed Marcus Wandt as Senior Vice President and head of the new Group Strategy and Technology function, effective November 1, 2025. This strategic move aims to enhance Saab’s focus on technology and innovation, mergers and acquisitions, and partnerships, reinforcing its position in the defence and security industry. Wandt’s extensive experience as a Swedish Air Force fighter pilot and former Chief Test Pilot at Saab, along with his role as an astronaut, underscores his capability to lead this new initiative.

The most recent analyst rating on ($SE:SAAB.B) stock is a Hold with a SEK526.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab Proposes Revisions to Long-term Incentive Program 2026

Saab AB’s Board of Directors has proposed revisions to its Long-term Incentive Program 2026, aiming to enhance its ability to attract and retain senior leaders by offering competitive remuneration aligned with market standards. The changes, subject to approval at the Annual General Meeting 2026, include adjustments to the Performance Share Plan and Special Projects Incentive, increasing the number of participants and aligning executive interests with shareholder value, which could positively impact Saab’s operational effectiveness and stakeholder alignment.

The most recent analyst rating on ($SE:SAAB.B) stock is a Hold with a SEK526.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab Secures SEK 2.6 Billion Order for Future Fighter Studies

Saab has secured a SEK 2.6 billion order from the Swedish Defence Materiel Administration for continued studies on future fighter systems, focusing on both manned and unmanned solutions. This contract, running from 2025 to 2027, extends a previous agreement and involves collaboration with various Swedish defense entities and industry partners, reinforcing Saab’s role in developing innovative solutions for the Swedish Armed Forces.

The most recent analyst rating on ($SE:SAAB.B) stock is a Sell with a SEK350.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab Secures SEK 9.6 Billion Order for Swedish A26 Submarines

Saab has secured an order worth approximately SEK 9.6 billion from the Swedish Defence Materiel Administration for the final production phase and additional materials and services for two Blekinge-class (A26) submarines. This development underscores Saab’s role in enhancing Sweden’s underwater capabilities and maintaining national security, with the majority of deliveries expected between 2026 and 2032.

The most recent analyst rating on ($SE:SAAB.B) stock is a Sell with a SEK350.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab Secures SEK 4 Billion Gripen Maintenance Contract Extension

Saab has extended its contract with the Swedish Armed Forces for the maintenance and support of Gripen C/D and E aircraft, valued at approximately SEK 4 billion, with deliveries scheduled from 2026 to 2027. This extension ensures high availability and readiness for the Swedish Air Force, with options for additional orders until 2029, reinforcing Saab’s position in the defence industry.

The most recent analyst rating on ($SE:SAAB.B) stock is a Sell with a SEK350.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab AB to Present Q3 2025 Interim Report

Saab AB has announced the presentation of its Q3 2025 interim report, which will be led by CEO Micael Johansson and CFO Anna Wijkander. The report will be available on October 24, 2025, and stakeholders can participate via a live webcast or conference call, allowing for interactive engagement through questions. This event underscores Saab’s commitment to transparency and stakeholder engagement in its financial operations.

The most recent analyst rating on ($SE:SAAB.B) stock is a Sell with a SEK350.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab AB Announces 2026 AGM Nomination Committee

Saab AB has announced the appointment of its Nomination Committee for the 2026 Annual General Meeting, reflecting the shareholder structure as of August 2025. The committee, representing 49% of Saab’s voting rights, will propose key appointments and remuneration for the meeting scheduled in April 2026. This development underscores Saab’s structured approach to governance and stakeholder engagement.

The most recent analyst rating on ($SE:SAAB.B) stock is a Buy with a SEK590.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab Secures SEK 5.3 Billion Gripen E/F Order for Thailand

Saab has secured a contract with the Swedish Defence Materiel Administration to supply four Gripen E/F fighter aircraft to Thailand, valued at approximately SEK 5.3 billion, with deliveries scheduled from 2025 to 2030. This deal includes a long-term offset package involving technology transfer and industrial cooperation with Thailand, enhancing the Royal Thai Air Force’s capabilities and strengthening Saab’s position in the global defence market.

The most recent analyst rating on ($SE:SAAB.B) stock is a Buy with a SEK600.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.

Saab Acquires Deform to Boost Defense Supply Security

Saab has acquired Deform, a company specializing in forming demanding materials, to strengthen supply security for the Swedish defense industry. This acquisition enhances Saab’s submarine manufacturing capabilities and ensures long-term stability for Deform’s operations, benefiting both companies and their stakeholders.

The most recent analyst rating on ($SE:SAAB.B) stock is a Sell with a SEK375.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.