SSAB Corporation (SSAB.A) AI Stock Analysis

• Market Cap: kr75.54B
• Dividend Yield: 3.75%
• Average Volume (3M): 1.34M
• Price to Earnings (P/E): 15.3
• Beta (1Y): 1.28
• Revenue Growth: -8.04%
• EPS Growth: -37.18%
• Country: SE
• Employees: 14,637
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 1.49
• Shares Outstanding: 295,966,340
• 10 Day Avg. Volume: 1,299,246
• 30 Day Avg. Volume: 1,339,300
• PEG Ratio: -0.14
• Price to Book (P/B): 0.62
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 11.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr73.17
• Price Target Upside: -3.95% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: kr85.00 ▲(11.58% Upside)

SSAB Corporation's stock score is driven primarily by strong technical indicators and a solid valuation. The financial performance is mixed, with a strong balance sheet but challenges in income and cash flow. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Balance Sheet Strength

SSAB's low leverage and healthy equity ratio give it durable financial flexibility to withstand cyclicality in steel markets. This reduces refinancing risk, supports capex and R&D funding, and preserves strategic optionality, strengthening long-term resilience and investment capacity.

Specialized Product Portfolio

SSAB's focus on advanced high-strength and value-added steels creates a structural competitive advantage with OEMs across automotive, construction and energy. Specialized products support premium pricing, longer-term contracts, and recurring demand as industries pursue lighter, more efficient materials.

Core Cash Generation

A positive operating cash flow to net income ratio shows SSAB's core operations generate cash despite margin pressures. Consistent operational cash generation supports working capital, continued production and targeted investment, underpinning the business's ongoing viability over time.

Negative Factors

Revenue and Margin Decline

Trailing declines in revenue and margins signal persistent demand softness or cost pressures that reduce earnings power. Over months this constrains reinvestment, weakens buffer against downturns, and may erode competitiveness if cost structure or pricing power are not restored.

Negative Free Cash Flow

Sustained negative free cash flow limits SSAB's ability to self-fund maintenance, growth or sustainability investments and dividends. Ongoing FCF shortfalls increase reliance on external financing, raising financing risk and potentially constraining long-term strategic initiatives and capital allocation flexibility.

Declining Return on Equity

A falling ROE reflects lower returns from shareholder capital, indicating reduced profitability or less efficient asset use. If the trend persists, it undermines shareholder value creation, signals operational or market challenges, and can limit management's ability to attract capital for strategic growth.

SSAB Corporation Business Overview & Revenue Model

Company Description

SSAB AB (publ) produces and sells steel products in the United States, Sweden, Finland, Germany, Denmark, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and hot-rolled advanced high-strength steel products. The SSAB Europe segment provides strip, plate, and tubular products. The SSAB Americas segment offers heavy steel plates. The Tibnor segment distributes a range of steel and non-ferrous metals in the Nordic region and the Baltics. The Ruukki Construction segment produces and sells building and construction products and services for residential and non-residential construction. The company markets its steel products under the Strenx, Hardox, Docol, GreenCoat, Toolox, Armox, Duroxite, SSAB Boron, SSAB Domex, SSAB Form, SSAB Laser, SSAB Weathering and Cor-Ten, and SSAB Multisteel brands. It serves the heavy transport, construction, automotive, industrial, construction machinery, energy, material handling, and service center industries. The company has a collaboration agreement with Faurecia S.E. to deliver fossil-free steel for automotive seat structures. SSAB AB (publ) was founded in 1878 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

SSAB generates revenue primarily through the sale of its steel products across different sectors. The company's key revenue streams include the production and sale of hot rolled, cold rolled, and heavy plate steel, as well as specialty steel products designed for specific applications. Additionally, SSAB benefits from strategic partnerships with major industry players, ensuring stable demand for its products. The company also engages in ongoing research and development to enhance its product offerings, which can lead to premium pricing for its advanced steel solutions. Market dynamics, such as global steel demand and pricing fluctuations, also significantly impact SSAB's earnings.

SSAB Corporation Financial Statement Overview

Summary

SSAB Corporation exhibits a mixed financial performance. The balance sheet is strong with low leverage, but the income statement and cash flow statement highlight challenges with declining margins and negative free cash flow. The company has shown resilience in past years, suggesting potential for recovery, but current financial pressures need to be addressed.

Income Statement

SSAB Corporation's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) data indicates a decline in revenue and profitability margins compared to previous years. The gross profit margin and net profit margin have decreased, reflecting challenges in maintaining cost efficiency and profitability. However, the company has shown resilience in past years with strong revenue growth and profitability, indicating potential for recovery.

Balance Sheet

The balance sheet of SSAB Corporation is relatively strong, with a low debt-to-equity ratio indicating prudent financial management and lower financial risk. The equity ratio is healthy, suggesting a stable capital structure. However, the return on equity has decreased in the TTM period, pointing to reduced efficiency in generating returns for shareholders.

Cash Flow

Cash flow analysis reveals some concerns, particularly with the negative free cash flow in the TTM period, which could impact the company's ability to invest in growth opportunities. The operating cash flow to net income ratio remains positive, indicating that the company is still generating cash from its operations, but the decline in free cash flow growth is a potential risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	97.73B	103.45B	119.49B	124.98B	95.89B	65.39B
Gross Profit	12.40B	14.52B	22.55B	-2.12B	23.47B	3.78B
EBITDA	10.01B	13.29B	21.26B	32.62B	22.21B	3.51B
Net Income	4.95B	6.52B	13.03B	-10.88B	14.66B	-490.00M
Balance Sheet
Total Assets	104.51B	110.73B	107.84B	109.71B	112.02B	88.60B
Cash, Cash Equivalents and Short-Term Investments	20.29B	27.81B	28.92B	24.90B	13.80B	7.05B
Total Debt	9.26B	10.15B	10.62B	10.68B	12.51B	17.45B
Total Liabilities	36.40B	39.71B	39.89B	42.52B	38.51B	34.51B
Stockholders Equity	68.07B	70.97B	67.87B	67.12B	73.48B	53.99B
Cash Flow
Free Cash Flow	-907.00M	3.68B	14.91B	13.21B	11.49B	2.16B
Operating Cash Flow	10.18B	11.90B	21.47B	18.16B	14.87B	4.37B
Investing Cash Flow	-8.75B	-6.61B	-5.29B	-3.89B	-2.27B	-2.18B
Financing Cash Flow	-4.05B	-5.20B	-12.77B	-723.00M	-5.03B	685.00M

SSAB Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 76.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SSAB.A, the sentiment is Positive. The current price of 76.18 is above the 20-day moving average (MA) of 72.47, above the 50-day MA of 67.36, and above the 200-day MA of 60.58, indicating a bullish trend. The MACD of 2.57 indicates Negative momentum. The RSI at 66.18 is Neutral, neither overbought nor oversold. The STOCH value of 85.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SSAB.A.

SSAB Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HPOL.B	74 Outperform	kr29.47B	15.06	13.67%	4.87%	-4.11%	-17.57%
ALLEI	73 Outperform	kr21.24B	21.67	―	2.85%	-2.06%	-26.19%
SSAB.A	73 Outperform	kr75.54B	15.33	7.29%	3.75%	-8.04%	-37.18%
BOL	67 Neutral	kr167.81B	20.34	11.99%	―	8.30%	-8.62%
SSAB.B	65 Neutral	kr75.54B	15.23	7.29%	3.80%	-8.04%	-37.18%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BEGR	44 Neutral	kr514.13M	-0.69	-46.11%	―	-15.98%	-2831.45%

SSAB Corporation Corporate Events

SSAB Sets January 28 Date for 2025 Year-End Results Briefing

SSAB has scheduled the release of its year-end report for 2025 on January 28, 2026, with the full results set to be published early that morning and presented in a webcasted press conference later the same day. President and CEO Johnny Sjöström and CFO Leena Craelius will lead the English-language briefing, which will be accessible via live webcast and teleconference, signaling the company’s intent to ensure broad access to its financial disclosure for investors and other stakeholders.

The most recent analyst rating on ($SE:SSAB.A) stock is a Buy with a SEK84.00 price target. To see the full list of analyst forecasts on SSAB Corporation stock, see the SE:SSAB.A Stock Forecast page.

SSAB Appoints Tom Cox as New Head of SSAB Americas

SSAB has appointed Tom Cox as the new Head of SSAB Americas, effective February 1, 2026. Cox, who has been with SSAB for 24 years, brings extensive expertise in steel production and metallurgy, and has played a key role in advancing fossil-free steel in the US. His leadership is expected to further strengthen SSAB Americas’ market position and enhance its operational excellence.

The most recent analyst rating on ($SE:SSAB.A) stock is a Buy with a SEK80.00 price target. To see the full list of analyst forecasts on SSAB Corporation stock, see the SE:SSAB.A Stock Forecast page.

SSAB Issues Inaugural Green Bonds to Support Sustainability Goals

SSAB AB has successfully issued its first green bonds, totaling SEK 2,800 million, under its EUR 2 billion EMTN program. The bonds, which were oversubscribed, reflect strong market confidence in SSAB’s sustainability strategy. The proceeds will fund eco-efficient projects and renewable energy initiatives, reinforcing SSAB’s commitment to a sustainable, low-carbon future and aligning its financing with its sustainability goals.

The most recent analyst rating on ($SE:SSAB.A) stock is a Hold with a SEK62.40 price target. To see the full list of analyst forecasts on SSAB Corporation stock, see the SE:SSAB.A Stock Forecast page.

SSAB Unveils Strategic Plan to Boost Premium Steel Offerings

SSAB announced its strategic plan to accelerate the growth of its premium steel offerings, aiming for these to constitute 65% of total shipments by 2030 and 75% by 2035, up from 55% today. This strategy is expected to enhance profitability through advanced steel grades, value-add services, and decarbonized steel, supported by significant investments such as the EUR 4.5 billion Luleå mini-mill. The company aims to improve its EBITDA and maintain industry-leading profitability, while also focusing on sustainability and shareholder returns.

The most recent analyst rating on ($SE:SSAB.A) stock is a Buy with a SEK70.00 price target. To see the full list of analyst forecasts on SSAB Corporation stock, see the SE:SSAB.A Stock Forecast page.

SSAB Reports Strong Q3 2025 Performance Amid Market Challenges

SSAB reported an increase in operating results for Q3 2025, driven by strong performance in SSAB Americas, despite a slight decline from the previous quarter due to seasonal factors. The company saw significant improvements in operating cash flow and safety measures, with a cautious European market and softened North American prices impacting operations. SSAB supports new European Commission measures to strengthen the steel industry, while US tariffs have had limited direct impact due to local production.

The most recent analyst rating on ($SE:SSAB.A) stock is a Buy with a SEK75.00 price target. To see the full list of analyst forecasts on SSAB Corporation stock, see the SE:SSAB.A Stock Forecast page.