Sandvik AB (SE:SAND)
:SAND
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Sandvik AB
(SAND)
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Rating:70Outperform
Price Target:
kr434.00
â–²(10.12% Upside)
Action:ReiteratedDate:01/29/26
The score is driven primarily by strong underlying financial performance (healthy profitability, improving 2025 margins, and manageable leverage). Technicals support the uptrend, but overbought conditions raise near-term downside risk. A relatively high P/E and modest dividend yield weigh on the overall score.
Positive Factors
Free cash flow generation
Material free cash flow in 2025 and FCF roughly matching net income indicate durable cash generation capability. That persistent cash supports capital expenditure, aftermarket investment, dividends and debt paydown over the medium term, increasing financial flexibility through cycles.
Negative Factors
Cyclical demand exposure
Revenue and margin swings tied to mining and industrial investment cycles create multi-quarter variability in earnings and capital needs. This structural cyclicality complicates planning, can force underutilized capacity in downturns and pressures operating leverage during weak demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Material free cash flow in 2025 and FCF roughly matching net income indicate durable cash generation capability. That persistent cash supports capital expenditure, aftermarket investment, dividends and debt paydown over the medium term, increasing financial flexibility through cycles.
Read all positive factors
Sandvik AB (SAND) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr494.35B
Dividend Yield1.94%
Average Volume (3M)2.09M
Price to Earnings (P/E)25.7
Beta (1Y)1.45
Revenue Growth-1.77%
EPS Growth21.13%
CountrySE
Employees41,400
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.35
Shares Outstanding1,254,385,900
10 Day Avg. Volume2,008,417
30 Day Avg. Volume2,089,933
Financial Highlights & Ratios
PEG Ratio1.28
Price to Book (P/B)4.05
Price to Sales (P/S)3.12
P/FCF Ratio23.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr363.60Price Target Upside-7.74% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)15.26
Revenue Forecast (FY)kr137.22B
Sandvik AB Business Overview & Revenue Model
Company Description
Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing and machining, and materials technology in Sweden and internationally. The company offers mining and rock solutions, in...
How the Company Makes Money
Sandvik makes money mainly by selling industrial products, equipment, and associated aftermarket services across its operating segments. A major revenue stream comes from capital equipment sales to mining and quarrying customers (e.g., underground...
Sandvik AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| 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 | 37.12B | 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
Positive
394.10
Price Trends
372.93
Positive
339.14
Positive
296.27
Positive
Market Momentum
9.29
Negative
61.66
Neutral
85.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SAND, the sentiment is Positive. The current price of 394.1 is above the 20-day moving average (MA) of 365.37, above the 50-day MA of 372.93, and above the 200-day MA of 296.27, indicating a bullish trend. The MACD of 9.29 indicates Negative momentum. The RSI at 61.66 is Neutral, neither overbought nor oversold. The STOCH value of 85.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SAND.
Sandvik AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr856.46B | 27.46 | 26.43% | 2.03% | -2.38% | -4.00% | |
76 Outperform | kr856.46B | 30.52 | 24.69% | 1.82% | -2.38% | -4.00% | |
73 Outperform | kr230.22B | 24.32 | 20.42% | 1.84% | 3.54% | 20.94% | |
70 Outperform | kr494.35B | 25.67 | 16.39% | 1.94% | -1.77% | 21.13% | |
61 Neutral | kr85.85B | 24.91 | 9.65% | 1.95% | 2.73% | 7.56% | |
57 Neutral | kr72.99B | 58.24 | 11.04% | 0.95% | 9.08% | -3.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:SAND
Sandvik AB
394.10
213.09
117.73%
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Sandvik AB Corporate Events
Sandvik Buys Majority Stake in Ultra-Precision Toolmaker K&Y Diamond
Apr 9, 2026
Sandvik has acquired an 80% stake in Montreal-based KY Diamond, a specialist in monocrystalline diamond tools used for ultra-precision applications, particularly in the optics market for products such as spectacle lenses, contact lenses and optron...
Sandvik Sets April 22 Date to Present First-Quarter 2026 Results
Apr 8, 2026
Sandvik will publish its first-quarter 2026 results on April 22, 2026, around 11:30 AM CEST, followed by a webcast and conference call for investors, analysts and financial media at 13:00 PM CEST. President and CEO Stefan Widing and CFO Cecilia Fe...
Sandvik lands SEK 250 million underground mining equipment order in Colombia
Apr 1, 2026
Sandvik has secured a SEK 250 million order from Aris Mining for underground trucks, loaders and drill rigs to be deployed at the Marmato gold mine in Colombia. Deliveries are scheduled from the second quarter of 2026 through the second quarter of...
Sandvik Advances Machining Restructuring With Second-Phase Cost Cuts
Mar 30, 2026
Sandvik is a global high-tech engineering group serving manufacturing, mining and infrastructure customers with equipment, tooling, services and digital solutions aimed at improving productivity, profitability and sustainability. With a strong pre...
Sandvik Calls 2026 AGM, Sets Governance and Voting Framework
Mar 24, 2026
Sandvik AB has called its shareholders to the Annual General Meeting on April 28, 2026, in Sandviken, Sweden, offering participation either in person, by proxy or through postal voting, subject to registration deadlines and share re-registration r...
Sandvik to Showcase Mining Strength at 2026 Capital Markets Day in Finland
Mar 17, 2026
Sandvik will hold its Capital Markets Day on November 24–25, 2026, in Tampere, Finland, at one of its major mining business sites, where senior management will present the group’s strategy and performance. The event will feature guided...
Sandvik Publishes 2025 Annual Report with Digital-First Distribution
Mar 10, 2026
Sandvik AB has published its Annual Report for 2025, which is now available on the company’s website and in a limited printed edition for shareholders who specifically order a copy. The move ensures investors and other stakeholders have acce...
Sandvik to Acquire South African Mining Simulator Firm ThoroughTec
Feb 12, 2026
Sandvik has agreed to acquire ThoroughTec Simulation, a South Africa-based provider of OEM-agnostic mining equipment simulators and simulator-based training, which will be integrated into the Parts and Services division of its Mining business. The...
Sandvik Publishes Proforma Figures for New Machining and Intelligent Manufacturing Units
Feb 5, 2026
Sandvik has published proforma financial figures for its newly created Machining and Intelligent Manufacturing business areas, reflecting the updated group structure that will take effect from January 1, 2026. The Machining unit reported 2025 reve...
Sandvik expands digital manufacturing reach with CAM acquisition from MLC CAD Systems
Feb 3, 2026
Sandvik has acquired the CAM business of MLC CAD Systems, a US-based reseller within the Mastercam network, folding it into its Mastercam business unit under the Intelligent Manufacturing division. The deal, which adds a Texas-headquartered team o...
Sandvik Mining Chief Mats Eriksson to Retire in 2027 After Phased Handover
Jan 27, 2026
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, ...
Sandvik Caps Strategy Period With Record Mining Momentum and Strong Q4 Finish
Jan 27, 2026
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...
Sandvik Lands SEK 420 Million Underground Mining Equipment Order in Australia
Jan 22, 2026
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, l...
Sandvik Nomination Committee Backs Full Board Re-Election for 2026 AGM
Jan 21, 2026
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 A...
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.