SSAB Corporation (SE:SSAB.A)
:SSAB.A
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SSAB Corporation
(SSAB.A)
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Rating:69Neutral
Price Target:
kr80.00
▲(6.47% Upside)
Action:DowngradedDate:01/30/26
The score is primarily supported by strong balance-sheet quality and continued profitability despite a cyclical downturn. It is held back by the deterioration in free cash flow in 2025 and only neutral-to-mixed technical momentum, while valuation/dividend provide moderate support.
Positive Factors
Balance Sheet Strength
Low leverage and a very large equity base provide a durable financial cushion for a cyclical steel business. Conservative debt levels reduce refinancing risk, support capital allocation in downturns, and preserve flexibility to invest or sustain dividends through cycles.
Negative Factors
Revenue Trend Weakness
Multi-year revenue decline signals demand weakness or lost volumes in key end markets. Persisting top-line erosion reduces operating leverage, constrains margin recovery during cycles, and limits the company's ability to grow earnings sustainably over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Low leverage and a very large equity base provide a durable financial cushion for a cyclical steel business. Conservative debt levels reduce refinancing risk, support capital allocation in downturns, and preserve flexibility to invest or sustain dividends through cycles.
Read all positive factors
SSAB Corporation (SSAB.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr74.89B
Dividend Yield3.75%
Average Volume (3M)1.34M
Price to Earnings (P/E)40.0
Beta (1Y)1.28
Revenue Growth-8.04%
EPS Growth-37.18%
CountrySE
Employees14,637
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.44
Shares Outstanding295,966,340
10 Day Avg. Volume1,299,246
30 Day Avg. Volume1,339,300
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)1.02
Price to Sales (P/S)0.72
P/FCF Ratio-20.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr75.33Price Target Upside0.25% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)7.17
Revenue Forecast (FY)kr100.59B
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...
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 produ...
SSAB Corporation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
83
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 96.22B | 103.45B | 119.49B | 124.98B | 95.89B |
| Gross Profit | 9.94B | 14.52B | 22.55B | -2.12B | 23.47B |
| EBITDA | 10.02B | 13.29B | 21.26B | 32.62B | 22.21B |
| Net Income | 4.90B | 6.52B | 13.03B | -10.88B | 14.66B |
Balance Sheet | |||||
| Total Assets | 106.13B | 110.73B | 107.84B | 109.71B | 112.02B |
| Cash, Cash Equivalents and Short-Term Investments | 22.77B | 27.81B | 28.92B | 24.90B | 13.80B |
| Total Debt | 11.34B | 10.15B | 10.62B | 10.68B | 12.51B |
| Total Liabilities | 38.31B | 39.71B | 39.89B | 42.52B | 38.51B |
| Stockholders Equity | 67.78B | 70.97B | 67.87B | 67.12B | 73.48B |
Cash Flow | |||||
| Free Cash Flow | -3.45B | 3.68B | 14.91B | 13.21B | 11.49B |
| Operating Cash Flow | 10.08B | 11.90B | 21.47B | 18.16B | 14.87B |
| Investing Cash Flow | -10.74B | -6.61B | -5.29B | -3.89B | -2.27B |
| Financing Cash Flow | -3.00B | -5.20B | -12.77B | -723.00M | -5.03B |
SSAB Corporation Technical Analysis
Positive
75.14
Price Trends
74.97
Positive
72.13
Positive
65.16
Positive
Market Momentum
-0.29
Negative
54.58
Neutral
84.50
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 75.14 is above the 20-day moving average (MA) of 71.81, above the 50-day MA of 74.97, and above the 200-day MA of 65.16, indicating a bullish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 84.50 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr142.91B | 8.41 | 13.04% | ― | 8.30% | -8.62% | |
69 Neutral | kr74.89B | 39.99 | 7.29% | 3.75% | -8.04% | -37.18% | |
65 Neutral | kr74.89B | 39.99 | 7.23% | 3.80% | -8.04% | -37.18% | |
65 Neutral | kr18.27B | 30.52 | ― | 2.85% | -2.06% | -26.19% | |
62 Neutral | kr24.63B | 15.59 | 13.67% | 4.87% | -4.11% | -17.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | kr467.40M | -0.76 | -50.84% | ― | -15.98% | -2831.45% |
* General Sector Average
SE:SSAB.A
SSAB Corporation
75.14
24.74
49.10%
SE:BOL
Boliden AB
502.80
226.50
81.98%
SE:HPOL.B
Hexpol AB
71.50
-5.56
-7.22%
SE:SSAB.B
SSAB Corporation
75.14
25.33
50.84%
SE:BEGR
BE Group AB
24.00
-12.69
-34.58%
SE:ALLEI
Alleima AB
72.95
3.26
4.68%
SSAB Corporation Corporate Events
SSAB Sets January 28 Date for 2025 Year-End Results Briefing
Jan 14, 2026
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 Sjöstr...
SSAB Appoints Tom Cox as New Head of SSAB Americas
Dec 16, 2025
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 st...
SSAB Issues Inaugural Green Bonds to Support Sustainability Goals
Nov 7, 2025
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 w...
SSAB Unveils Strategic Plan to Boost Premium Steel Offerings
Nov 4, 2025
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...
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.