SSAB Corporation (SE:SSAB.B)
:SSAB.B
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SSAB Corporation
(SSAB.B)
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Rating:65Neutral
Price Target:
kr77.00
▲(7.93% Upside)
Action:ReiteratedDate:01/30/26
The score is driven primarily by solid balance-sheet strength but weakening fundamentals, highlighted by multi-year revenue declines and negative free cash flow in 2025. Technicals are mixed with short-term softness versus the 20-day average, while valuation is reasonable with a mid-range P/E and a ~3.6% dividend yield.
Positive Factors
Balance Sheet Strength
A large equity base relative to debt gives SSAB durable financial resilience across steel cycles. This capital buffer supports capital spending, weathering demand troughs, and preserving access to funding without forcing distress sales or abrupt strategy shifts.
Negative Factors
Multi-Year Revenue Declines
Sustained revenue contraction undermines scale economies and limits the firm's ability to leverage fixed costs. Continued top-line erosion can compress margins, reduce reinvestment capacity, and weaken competitive positioning over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A large equity base relative to debt gives SSAB durable financial resilience across steel cycles. This capital buffer supports capital spending, weathering demand troughs, and preserving access to funding without forcing distress sales or abrupt strategy shifts.
Read all positive factors
SSAB Corporation (SSAB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr71.13B
Dividend Yield3.8%
Average Volume (3M)4.00M
Price to Earnings (P/E)40.0
Beta (1Y)1.34
Revenue Growth-8.04%
EPS Growth-37.18%
CountrySE
Employees14,637
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.44
Shares Outstanding700,651,370
10 Day Avg. Volume4,025,900
30 Day Avg. Volume4,003,338
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
kr82.00Price Target Upside14.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)7.12
Revenue Forecast (FY)kr100.54B
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 production and sale of steel products, which are sold to a diverse range of industries. The company’s key revenue streams include the sale of high-strength steel plates, sheets, and coils, often tailore...
SSAB Corporation Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
76
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
71.34
Price Trends
74.54
Negative
70.70
Positive
63.78
Positive
Market Momentum
-1.20
Negative
47.55
Neutral
84.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SSAB.B, the sentiment is Positive. The current price of 71.34 is below the 20-day moving average (MA) of 71.78, below the 50-day MA of 74.54, and above the 200-day MA of 63.78, indicating a neutral trend. The MACD of -1.20 indicates Negative momentum. The RSI at 47.55 is Neutral, neither overbought nor oversold. The STOCH value of 84.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SSAB.B.
SSAB Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr132.93B | 8.41 | 13.04% | ― | 8.30% | -8.62% | |
65 Neutral | kr71.13B | 39.99 | 7.23% | 3.80% | -8.04% | -37.18% | |
62 Neutral | kr24.63B | 15.59 | 13.67% | 4.87% | -4.11% | -17.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | kr84.93B | 12.22 | ― | 2.50% | 3.43% | 78.62% | |
55 Neutral | kr84.93B | 12.15 | ― | 3.46% | 3.43% | 78.62% | |
53 Neutral | kr18.01B | 32.85 | 2.55% | 3.81% | 2.55% | 98.53% |
* Basic Materials Sector Average
SE:SSAB.B
SSAB Corporation
71.34
12.96
22.19%
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SE:STE.A
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15.53%
SE:STE.R
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16.31%
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.