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Sandvik AB
(SAND)
Sandvik AB (SAND) vs. iShares MSCI Sweden ETF (EWD)
Sandvik AB Business Overview & Revenue Model
Sandvik AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 120.68B | 122.88B | 126.50B | 112.33B | 99.11B |
| Gross Profit | 49.00B | 49.14B | 52.05B | 45.37B | 40.17B |
| EBITDA | 28.86B | 26.99B | 30.06B | 25.86B | 23.72B |
| Net Income | 14.69B | 12.24B | 15.30B | 11.21B | 14.46B |
Balance Sheet | |||||
| Total Assets | 169.86B | 184.38B | 174.21B | 176.68B | 155.52B |
| Cash, Cash Equivalents and Short-Term Investments | 4.96B | 4.53B | 4.36B | 10.49B | 13.59B |
| Total Debt | 40.69B | 42.76B | 45.08B | 52.06B | 34.35B |
| Total Liabilities | 76.62B | 87.39B | 86.51B | 95.41B | 78.19B |
| Stockholders Equity | 93.17B | 96.92B | 87.63B | 81.23B | 77.20B |
Cash Flow | |||||
| Free Cash Flow | 16.08B | 15.77B | 13.44B | 5.93B | 9.60B |
| Operating Cash Flow | 19.91B | 20.61B | 18.80B | 10.46B | 13.18B |
| Investing Cash Flow | -7.09B | -7.67B | -8.51B | -20.30B | -26.19B |
| Financing Cash Flow | -11.90B | -12.99B | -16.21B | 6.22B | 2.49B |
Sandvik AB Technical Analysis
Sandvik AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr850.76B | 29.40 | 26.43% | 2.03% | -2.38% | -4.00% | |
76 Outperform | kr850.76B | 33.53 | 26.43% | 1.82% | -2.38% | -4.00% | |
73 Outperform | kr86.61B | 24.36 | 9.56% | 1.95% | 2.73% | 7.56% | |
71 Outperform | kr209.56B | 25.12 | 20.42% | 1.84% | 3.54% | 20.94% | |
70 Outperform | kr434.52B | 29.58 | 16.39% | 1.94% | -1.77% | 21.13% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | kr68.40B | 27.90 | 11.04% | 0.95% | 9.08% | -3.36% |
Sandvik AB Corporate Events
Sandvik has announced that Mats Eriksson, President of its Mining business area, will retire in 2027, stepping down from his executive role and Group Executive Management in 2026 once a successor is appointed, tentatively around 1 July. Eriksson, who joined Sandvik in 2016 and has led the Mining business since 2022, will stay on as a senior advisor and Managing Director for Sandvik Mining and Construction Oy until retirement, ensuring continuity and a structured handover at a time when the mining division is strategically important to the group’s global growth and technology-driven positioning.
The most recent analyst rating on (SE:SAND) stock is a Hold with a SEK365.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik reported a robust close to 2025, with fourth-quarter total order intake up 4% to SEK 32.7 billion and organic orders rising 15%, while revenues grew 1% to SEK 32.5 billion with 12% organic growth. Adjusted EBITA increased slightly to SEK 6.4 billion, maintaining a 19.6% margin despite significant negative currency effects, and free operating cash flow strengthened to SEK 6.7 billion, enabling the board to propose a higher dividend of SEK 6.00 per share. For the full year, Sandvik delivered 11% organic order growth and 5% organic revenue growth, a slightly improved 19.3% operating profit margin and strong cash conversion of 95%, underpinned by record activity in its mining business, continued momentum in battery electric and automation solutions, resilient machining and software growth, and robust infrastructure demand, particularly in the US. Management highlighted 2025 as a successful conclusion to its “Shift strategy” period, marked by margin resilience, innovation, targeted acquisitions and safety improvements, and signaled confidence as the company enters a new 2030 strategy cycle with a strong backlog expected to support increased deliveries in 2026.
The most recent analyst rating on (SE:SAND) stock is a Hold with a SEK365.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik has secured a major SEK 420 million order from global mining contractor The Redpath Group to supply underground mining equipment for Evolution Mining’s Cowal Gold Operations in New South Wales, Australia, with deliveries of trucks, loaders and drill rigs scheduled to start in mid-2026 and continue into 2027. The contract, which also includes digital solutions, rock tools, consumables, parts and services, deepens Sandvik’s relationship with Redpath and underscores the company’s positioning as a key provider of integrated, productivity- and safety-focused solutions for complex underground mining operations at long-life assets such as Cowal Gold.
The most recent analyst rating on (SE:SAND) stock is a Hold with a SEK359.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik’s Nomination Committee has proposed the re-election of current board members Claes Boustedt, Marika Fredriksson, Johan Molin, Andreas Nordbrandt, Susanna Schneeberger, Helena Stjernholm, Stefan Widing and Kai Wärn for the 2026 Annual General Meeting, with Johan Molin nominated to continue as Chairman. The proposal, to be finalized alongside other AGM motions to be published in the official meeting notice, signals continuity in Sandvik’s governance and strategic direction ahead of the April 28, 2026 AGM in Sandviken, Sweden, and underscores the influence of major shareholders represented on the committee in shaping the company’s long-term oversight.
The most recent analyst rating on (SE:SAND) stock is a Hold with a SEK358.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik has announced it will publish its fourth-quarter 2025 results on January 27, 2026, followed by a live webcast and conference call for investors, analysts and financial media later that morning, where President and CEO Stefan Widing and CFO Cecilia Felton will present the report. The scheduled event underscores the company’s ongoing engagement with capital markets and provides stakeholders with a platform to assess Sandvik’s financial performance and strategic progress at a time when its solutions in manufacturing, mining and infrastructure remain closely watched indicators of industrial demand and technological adoption.
The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK355.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik has secured a large SEK 160 million order from Eldorado Gold for battery-electric trucks and loaders to be deployed at the Lamaque underground mine in Val-d’Or, Québec, with deliveries scheduled to start in mid‑2026 and extend into 2027. Combined with a previous SEK 65 million order, the deal will expand Lamaque’s Sandvik battery-electric vehicle fleet from two to 12 units, underscoring the growing adoption of Sandvik’s BEV technology and strengthening its position in the shift toward more efficient, safer and lower-emission mining operations.
The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK308.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik has secured a significant order from Northern Star Resources Ltd, a leading Australian gold producer, for underground mining equipment valued at approximately SEK 260 million. This deal, expected to enhance productivity, safety, and sustainability, will see deliveries of trucks and loaders beginning in early 2026, reinforcing Sandvik’s position in the mining sector.
The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK308.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik AB has secured a EUR 500 million loan from the European Investment Bank to support its research and development initiatives until 2030. This funding aims to advance Sandvik’s development of new, advanced, productive, safe, and sustainable solutions, reinforcing its strategic focus on technology leadership and enhancing productivity, safety, and sustainability for its customers.
The most recent analyst rating on (SE:SAND) stock is a Sell with a SEK264.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
Sandvik has acquired QTE Manufacturing Solutions, a US-based reseller of CAM solutions within the Mastercam network, to bolster its digital manufacturing growth strategy. This acquisition will enhance Sandvik’s regional presence in the Midwest US and strengthen its direct sales channel for software solutions, although it will have a limited impact on the company’s EBITA margin and earnings per share.
The most recent analyst rating on (SE:SAND) stock is a Sell with a SEK264.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.