Skandinaviska Enskilda Banken AB (SE:SEB.A)
:SEB.A
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Skandinaviska Enskilda Banken AB
(SEB.A)
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Rating:64Neutral
Price Target:
kr194.00
▲(5.06% Upside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by mid-range financial performance: strong profitability and ROE are offset by elevated leverage and notably volatile cash-flow consistency. Valuation is a supporting positive (reasonable P/E and solid dividend yield), while technicals are mildly constructive but not strongly bullish due to neutral momentum.
Positive Factors
Strong profitability and margins
Sustained high operating and net margins indicate a profitable core business capable of absorbing episodic credit losses and funding costs. Over the medium term this margin profile supports internal capital generation, dividend capacity and reinvestment into client franchises despite top-line softness.
Negative Factors
Elevated balance-sheet leverage
Rising leverage increases sensitivity to funding stress and market shocks, narrows regulatory capital cushions and limits strategic flexibility. Over months this makes the bank more exposed to adverse credit cycles and constrains capital-return policies until leverage is reduced or equity rebuilt.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and margins
Sustained high operating and net margins indicate a profitable core business capable of absorbing episodic credit losses and funding costs. Over the medium term this margin profile supports internal capital generation, dividend capacity and reinvestment into client franchises despite top-line softness.
Read all positive factors
Skandinaviska Enskilda Banken AB (SEB.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr354.39B
Dividend Yield4.41%
Average Volume (3M)2.22M
Price to Earnings (P/E)11.2
Beta (1Y)0.96
Revenue Growth-17.53%
EPS Growth-7.39%
CountrySE
Employees19,000
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)15.55
Shares Outstanding1,961,308,600
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
kr185.33Price Target Upside0.37% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)15.84
Revenue Forecast (FY)kr77.36B
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 primarily earns money through a mix of net interest income, fee and commission income, and trading/other income typical of a universal bank.
1) Net interest income (lending and deposit spread)
- SEB generates income from the interest it charg...
Skandinaviska Enskilda Banken AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 148.65B | 152.48B | 185.76B | 167.83B | 87.17B | 60.89B |
| Gross Profit | 73.80B | 76.94B | 81.61B | 79.96B | 64.47B | 55.61B |
| EBITDA | 40.84B | 41.37B | 48.21B | 49.93B | 35.63B | 32.77B |
| Net Income | 30.73B | 31.06B | 35.87B | 38.12B | 26.88B | 25.42B |
Balance Sheet | ||||||
| Total Assets | 4.12T | 3.67T | 3.76T | 3.61T | 3.53T | 3.30T |
| Cash, Cash Equivalents and Short-Term Investments | 455.78B | 299.86B | 275.62B | 409.07B | 451.93B | 443.32B |
| Total Debt | 960.64B | 844.18B | 1.07T | 867.84B | 830.98B | 765.44B |
| Total Liabilities | 3.91T | 3.44T | 3.53T | 3.39T | 3.33T | 3.11T |
| Stockholders Equity | 215.45B | 230.26B | 231.15B | 221.78B | 204.52B | 193.23B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 31.85B | -35.62B | -39.42B | -71.19B | 129.65B |
| Operating Cash Flow | 30.20B | 33.20B | -34.43B | -38.39B | -70.17B | 130.29B |
| Investing Cash Flow | -162.40B | 6.98B | -5.00B | -607.00M | -805.00M | -846.00M |
| Financing Cash Flow | 1.99B | -45.68B | -15.80B | -19.33B | -17.83B | -22.23B |
Skandinaviska Enskilda Banken AB Technical Analysis
Positive
184.65
Price Trends
177.50
Positive
179.33
Positive
172.88
Positive
Market Momentum
2.54
Negative
61.65
Neutral
82.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEB.A, the sentiment is Positive. The current price of 184.65 is above the 20-day moving average (MA) of 176.09, above the 50-day MA of 177.50, and above the 200-day MA of 172.88, indicating a bullish trend. The MACD of 2.54 indicates Negative momentum. The RSI at 61.65 is Neutral, neither overbought nor oversold. The STOCH value of 82.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SEB.A.
Skandinaviska Enskilda Banken AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr51.76B | 18.88 | 37.34% | 3.34% | 5.66% | 9.70% | |
68 Neutral | kr363.23B | 12.20 | 15.50% | 6.87% | -18.32% | -7.79% | |
64 Neutral | kr354.39B | 11.25 | 13.73% | 4.41% | -17.53% | -7.39% | |
63 Neutral | kr259.37B | 9.58 | ― | 3.34% | -22.95% | -12.49% | |
61 Neutral | kr259.37B | 9.58 | 12.67% | 11.24% | -22.95% | -12.49% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:SEB.A
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Skandinaviska Enskilda Banken AB Corporate Events
SEB Releases Detailed Q1 2026 Fact Book Covering Financial and Risk Metrics
Apr 29, 2026
SEB has published its Q1 2026 Fact Book for the period January to March 2026, providing a detailed breakdown of its financial performance and balance sheet metrics. The report covers income statements, key figures over multiple years, net interest...
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...
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.