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Svenska Handelsbanken AB Class B
(SHB.B)
Select Model
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Rating:66Neutral
Price Target:
kr244.00
▲(6.18% Upside)
Action:Reiterated
Date:07/18/26
The score is led by solid underlying profitability and improved recent cash generation, but constrained by high leverage and weak/declining TTM revenue with historically volatile cash flows. Technicals are mixed with weaker near-term trend despite longer-term support, while valuation (P/E ~11.6 and ~3.5% yield) is a clear positive.
Positive Factors
Profitability
High operating and net margins indicate the bank efficiently converts interest spreads and fee income into earnings. Durable margins support capital accumulation, dividend capacity and loss-absorbing ability, providing resilience through credit cycles and helping sustain profitability over the coming months.
Negative Factors
High Leverage
A debt-to-equity ratio near 9.45x is structurally high, increasing sensitivity to funding shocks, rate moves and loan losses. Elevated leverage limits capital flexibility, raises regulatory and market scrutiny, and narrows the buffer to absorb credit deterioration or higher provisioning over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
High operating and net margins indicate the bank efficiently converts interest spreads and fee income into earnings. Durable margins support capital accumulation, dividend capacity and loss-absorbing ability, providing resilience through credit cycles and helping sustain profitability over the coming months.
Read all positive factors
Svenska Handelsbanken AB Class B (SHB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr293.96B
Dividend Yield3.45%
Average Volume (3M)91.06K
Price to Earnings (P/E)12.4
Beta (1Y)0.94
Revenue Growth-19.24%
EPS Growth-9.09%
CountrySE
Employees11,600
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)11.87
Shares Outstanding35,251,328
10 Day Avg. Volume97,450
30 Day Avg. Volume91,062
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.33
Price to Sales (P/S)1.85
P/FCF Ratio4.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.42
Revenue Forecast (FY)kr56.62B
Svenska Handelsbanken AB Class B Business Overview & Revenue Model
Company Description
Svenska Handelsbanken AB (publ) offers a broad spectrum of banking and financial services to both individual consumers and corporate clients. Its primary operational footprint extends across Sweden, the United Kingdom, Norway, the Netherlands, the...
How the Company Makes Money
Svenska Handelsbanken makes money mainly by earning net interest income: it pays interest on customer deposits and other funding sources and earns interest on loans and interest-bearing assets such as residential mortgages, corporate loans, and ce...
Svenska Handelsbanken AB Class B Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
55
Neutral
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.07B | 143.64B | 62.03B | 62.06B | 49.20B | 42.88B |
| Gross Profit | 56.60B | 56.80B | 62.03B | 62.13B | 49.20B | 42.88B |
| EBITDA | 32.26B | 32.77B | 36.85B | 38.02B | 31.14B | 25.53B |
| Net Income | 23.50B | 23.73B | 27.45B | 29.11B | 21.68B | 19.53B |
Balance Sheet | ||||||
| Total Assets | 3.87T | 3.39T | 3.54T | 3.54T | 3.45T | 3.35T |
| Cash, Cash Equivalents and Short-Term Investments | 602.05B | 465.07B | 542.54B | 482.45B | 480.47B | 292.84B |
| Total Debt | 1.79T | 1.75T | 1.84T | 1.85T | 1.67T | 1.44T |
| Total Liabilities | 3.69T | 3.19T | 3.33T | 3.33T | 3.26T | 3.17T |
| Stockholders Equity | 184.39B | 199.35B | 210.02B | 205.08B | 196.03B | 181.71B |
Cash Flow | ||||||
| Free Cash Flow | 74.11B | 54.20B | 46.02B | 21.34B | -39.63B | 47.69B |
| Operating Cash Flow | 74.62B | 54.73B | 46.96B | 23.13B | -38.13B | 49.42B |
| Investing Cash Flow | -29.00B | -27.75B | 15.75B | -1.52B | 48.21B | -752.00M |
| Financing Cash Flow | -101.80B | -102.85B | -33.41B | -41.80B | -1.05B | -26.80B |
Svenska Handelsbanken AB Class B Technical Analysis
Positive
229.80
Price Trends
232.54
Negative
227.51
Positive
219.26
Positive
Market Momentum
<0.01
Positive
50.23
Neutral
25.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SHB.B, the sentiment is Positive. The current price of 229.8 is below the 20-day moving average (MA) of 232.46, below the 50-day MA of 232.54, and above the 200-day MA of 219.26, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.23 is Neutral, neither overbought nor oversold. The STOCH value of 25.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SHB.B.
Svenska Handelsbanken AB Class B Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr12.99B | 17.21 | 22.19% | 3.29% | 17.46% | 13.75% | |
73 Outperform | kr44.95B | 11.83 | ― | ― | 3.55% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | kr293.96B | 12.38 | 12.52% | 3.48% | -19.24% | -9.09% | |
46 Neutral | kr1.61B | -10.63 | 9.39% | 4.54% | -33.39% | -187.36% |
* Financial Sector Average
SE:SHB.B
Svenska Handelsbanken AB Class B
232.00
38.80
20.08%
SE:MORROW
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0.37%
SE:CAT.B
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-37.13%
SE:SEB.C
Skandinaviska Enskilda Banken AB Class C
223.00
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SE:AVARDA
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SE:NOBA
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89.90
2.38
2.71%
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.