Skandinaviska Enskilda Banken AB (SE:SEB.A)
:SEB.A
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Skandinaviska Enskilda Banken AB
(SEB.A)
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Rating:58Neutral
Price Target:
kr191.00
▲(12.06% Upside)
Action:DowngradedDate:03/09/26
The score is driven primarily by mixed fundamentals: solid profitability but weaker balance-sheet leverage metrics and especially volatile cash-flow history. Technicals are currently bearish (below key moving averages with negative MACD), which drags the score despite a supportive valuation (moderate P/E and strong dividend yield).
Positive Factors
Diversified universal banking model
SEB's diversified income mix (net interest, fees/commissions, trading and asset/wealth management) provides durable revenue diversification across cycles. This reduces reliance on a single revenue stream, supports margin stability and recurring fees, and helps the bank remain resilient through sector swings over months.
Negative Factors
Elevated leverage
SEB's high debt-to-equity increases exposure to funding stress and interest-cost variability. Even with improvement, elevated leverage constrains strategic flexibility, magnifies capital-impact from loan losses, and raises regulatory and market sensitivity over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified universal banking model
SEB's diversified income mix (net interest, fees/commissions, trading and asset/wealth management) provides durable revenue diversification across cycles. This reduces reliance on a single revenue stream, supports margin stability and recurring fees, and helps the bank remain resilient through sector swings over months.
Read all positive factors
Skandinaviska Enskilda Banken AB (SEB.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr343.48B
Dividend Yield4.41%
Average Volume (3M)2.22M
Price to Earnings (P/E)12.5
Beta (1Y)0.96
Revenue Growth-13.83%
EPS Growth-12.61%
CountrySE
Employees19,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.67
Shares Outstanding2,018,544,900
10 Day Avg. Volume2,268,313
30 Day Avg. Volume2,224,171
Financial Highlights & Ratios
PEG Ratio-1.15
Price to Book (P/B)1.69
Price to Sales (P/S)2.55
P/FCF Ratio12.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr195.00Price Target Upside14.40% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)16.21
Revenue Forecast (FY)kr78.53B
Skandinaviska Enskilda Banken AB Business Overview & Revenue Model
Company Description
Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. It operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Baltic, Life, and Investment Management div...
How the Company Makes Money
SEB generates revenue through various channels, primarily by offering interest-bearing loans and credit services to individuals and businesses, which constitute a significant portion of its income. The bank earns interest income from the differenc...
Skandinaviska Enskilda Banken AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 152.48B | 185.76B | 167.83B | 87.17B | 60.89B |
| Gross Profit | 76.94B | 81.61B | 79.96B | 64.47B | 55.61B |
| EBITDA | 41.37B | 48.21B | 49.93B | 35.63B | 32.77B |
| Net Income | 31.06B | 35.87B | 38.12B | 26.88B | 25.42B |
Balance Sheet | |||||
| Total Assets | 3.67T | 3.76T | 3.61T | 3.53T | 3.30T |
| Cash, Cash Equivalents and Short-Term Investments | 299.86B | 275.62B | 409.07B | 451.93B | 443.32B |
| Total Debt | 844.18B | 1.07T | 867.84B | 830.98B | 765.44B |
| Total Liabilities | 3.44T | 3.53T | 3.39T | 3.33T | 3.11T |
| Stockholders Equity | 230.26B | 231.15B | 221.78B | 204.52B | 193.23B |
Cash Flow | |||||
| Free Cash Flow | 31.85B | -35.62B | -39.42B | -71.19B | 129.65B |
| Operating Cash Flow | 33.20B | -34.43B | -38.39B | -70.17B | 130.29B |
| Investing Cash Flow | 6.98B | -5.00B | -607.00M | -805.00M | -846.00M |
| Financing Cash Flow | -45.68B | -15.80B | -19.33B | -17.83B | -22.23B |
Skandinaviska Enskilda Banken AB Technical Analysis
Negative
170.45
Price Trends
179.54
Negative
178.20
Negative
171.11
Negative
Market Momentum
-2.88
Positive
42.29
Neutral
-6.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEB.A, the sentiment is Negative. The current price of 170.45 is below the 20-day moving average (MA) of 172.76, below the 50-day MA of 179.54, and below the 200-day MA of 171.11, indicating a bearish trend. The MACD of -2.88 indicates Positive momentum. The RSI at 42.29 is Neutral, neither overbought nor oversold. The STOCH value of -6.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SEB.A.
Skandinaviska Enskilda Banken AB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr341.14B | 11.02 | 15.50% | 6.87% | -14.95% | -4.73% | |
69 Neutral | kr53.83B | 21.13 | 37.34% | 3.34% | 7.33% | 23.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | kr236.02B | 11.21 | ― | 3.34% | -18.75% | -11.69% | |
61 Neutral | kr236.02B | 11.21 | 12.67% | 11.24% | -18.75% | -11.69% | |
58 Neutral | kr343.48B | 12.51 | 13.73% | 4.41% | -13.83% | -12.61% |
* Financial Sector Average
SE:SEB.A
Skandinaviska Enskilda Banken AB
170.45
22.55
15.25%
SE:AZA
Avanza Bank Holding AB
341.10
41.35
13.79%
SE:SHB.A
Svenska Handelsbanken AB
120.55
19.65
19.47%
SE:SWED.A
Swedbank
304.20
90.56
42.39%
SE:SHB.B
Svenska Handelsbanken AB Class B
208.70
53.88
34.80%
Skandinaviska Enskilda Banken AB Corporate Events
SEB Sets March 2026 Date and Hybrid Format for Annual General Meeting
Feb 19, 2026
SEB has called its Annual General Meeting for 24 March 2026 at the Stockholm Concert Hall, offering shareholders multiple ways to participate. Investors can attend in person, vote by post, or follow the proceedings online, though remote viewers wi...
SEB Posts Solid Q4 2025, Boosts Shareholder Payouts After S&P Upgrade
Jan 29, 2026
SEB reported a solid fourth quarter of 2025, with higher fee and commission income across all divisions offsetting pressure on net interest income, while maintaining a strong capital position reflected in a CET1 ratio of 17.7%, a 300 basis point c...
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.