Svenska Handelsbanken AB Class B (SE:SHB.B)
:SHB.B
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Svenska Handelsbanken AB Class B
(SHB.B)
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Rating:63Neutral
Price Target:
kr252.00
▲(10.33% Upside)
Action:ReiteratedDate:02/06/26
The score is held back mainly by uneven cash-flow quality and high leverage, despite strong reported profitability. Technicals are supportive (price above major moving averages with positive MACD), while valuation is fair-to-slightly expensive for the sector with a moderate dividend yield.
Positive Factors
Profitability and margins
Consistently healthy net margins and stronger 2025 revenue versus 2024 indicate durable earnings capacity. Over a 2–6 month horizon this supports internal capital generation, dividend capacity and resilience to cyclical swings, underpinning long-term profitability.
Negative Factors
High leverage
Significantly elevated debt-to-equity amplifies sensitivity to credit losses and funding stress. High leverage reduces shock-absorption capacity, raises regulatory and refinancing risks, and can constrain strategic moves or capital returns if macro or credit conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and margins
Consistently healthy net margins and stronger 2025 revenue versus 2024 indicate durable earnings capacity. Over a 2–6 month horizon this supports internal capital generation, dividend capacity and resilience to cyclical swings, underpinning long-term profitability.
Read all positive factors
Svenska Handelsbanken AB Class B (SHB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr256.20B
Dividend Yield3.34%
Average Volume (3M)91.06K
Price to Earnings (P/E)11.2
Beta (1Y)0.87
Revenue Growth-18.75%
EPS Growth-11.69%
CountrySE
Employees11,799
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)2.87
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 Ratio-5.68
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)10.67
Revenue Forecast (FY)kr55.89B
Svenska Handelsbanken AB Class B Business Overview & Revenue Model
Company Description
Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, China, Germany, France, and Poland....
How the Company Makes Money
Svenska Handelsbanken AB generates revenue through several key streams. The primary source of income is interest income derived from loans and mortgages provided to personal and commercial clients. Additionally, the bank earns commission income fr...
Svenska Handelsbanken AB Class B Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 143.64B | 62.31B | 62.13B | 49.20B | 42.88B |
| Gross Profit | 56.80B | 62.31B | 62.20B | 49.20B | 42.88B |
| EBITDA | 32.77B | 0.00 | 38.01B | 31.14B | 25.53B |
| Net Income | 23.73B | 27.45B | 29.11B | 21.68B | 19.53B |
Balance Sheet | |||||
| Total Assets | 3.39T | 3.54T | 3.54T | 3.45T | 3.35T |
| Cash, Cash Equivalents and Short-Term Investments | 465.07B | 571.79B | 448.71B | 480.47B | 292.84B |
| Total Debt | 1.75T | 1.84T | 1.57T | 1.67T | 1.44T |
| Total Liabilities | 3.19T | 3.33T | 3.33T | 3.26T | 1.44T |
| Stockholders Equity | 199.35B | 210.02B | 205.08B | 196.03B | 181.71B |
Cash Flow | |||||
| Free Cash Flow | -46.82B | -33.57B | 21.66B | -39.80B | 47.65B |
| Operating Cash Flow | -46.29B | -32.63B | 23.13B | -38.30B | 49.38B |
| Investing Cash Flow | 123.00M | 15.75B | -1.52B | 48.21B | -752.00M |
| Financing Cash Flow | -29.70B | -33.41B | -41.80B | -1.05B | -26.80B |
Svenska Handelsbanken AB Class B Technical Analysis
Positive
228.40
Price Trends
216.61
Negative
212.05
Positive
199.13
Positive
Market Momentum
-0.80
Negative
52.87
Neutral
62.36
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 228.4 is above the 20-day moving average (MA) of 211.34, above the 50-day MA of 216.61, and above the 200-day MA of 199.13, indicating a neutral trend. The MACD of -0.80 indicates Negative momentum. The RSI at 52.87 is Neutral, neither overbought nor oversold. The STOCH value of 62.36 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)
SE:SHB.B
Svenska Handelsbanken AB Class B
222.80
85.05
61.74%
GB:0HBY
Skandinaviska Enskilda Banken AB
181.85
61.97
51.69%
GB:0R7R
Svenska Handelsbanken AB
127.70
37.15
41.02%
GB:0H6T
Swedbank
325.40
145.29
80.67%
DE:SEBC
Skandinaviska Enskilda Banken AB Class C
16.78
5.18
44.71%
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.