SSAB Corporation (SE:SSAB.B)
:SSAB.B
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SSAB Corporation
(SSAB.B)
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Rating:58Neutral
Price Target:
kr84.00
▼(-0.14% Downside)
Action:ReiteratedDate:04/30/26
The score is primarily constrained by weakening financial performance and especially negative free cash flow in TTM/2025 despite a strong, low-leverage balance sheet. Technicals are supportive with a clear uptrend and steady momentum, but a high P/E (~40) limits the overall attractiveness given the downcycle backdrop.
Positive Factors
Low leverage and strong balance sheet
A debt-to-equity around 0.17 provides durable financial flexibility in a cyclical industry. Low leverage reduces refinancing risk, supports investments (including decarbonization capex), and helps the company withstand downcycles without forcing asset sales or drastic cost cuts.
Negative Factors
Shrinking revenue and weak top-line trend
A ~19% TTM revenue decline reflects weaker end-market demand and reduces operating leverage. Persistent top-line contraction pressures margins, constrains reinvestment capacity, and increases execution risk as fixed-cost dilution can further compress profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong balance sheet
A debt-to-equity around 0.17 provides durable financial flexibility in a cyclical industry. Low leverage reduces refinancing risk, supports investments (including decarbonization capex), and helps the company withstand downcycles without forcing asset sales or drastic cost cuts.
Read all positive factors
SSAB Corporation (SSAB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr81.04B
Dividend Yield3.8%
Average Volume (3M)4.00M
Price to Earnings (P/E)40.0
Beta (1Y)1.34
Revenue Growth-5.66%
EPS Growth5.97%
CountrySE
Employees14,637
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)1.61
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.08
Revenue Forecast (FY)kr101.06B
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 makes money primarily by selling steel and steel-related products to industrial and construction customers. Its main revenue stream is the sale of finished steel products (including higher value-added, high-strength steel grades) where pricin...
SSAB Corporation Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 96.03B | 96.22B | 103.45B | 119.49B | 124.98B | 95.89B |
| Gross Profit | 13.17B | 9.94B | 14.52B | 22.55B | -2.12B | 23.47B |
| EBITDA | 11.05B | 10.02B | 13.29B | 21.26B | 32.62B | 22.21B |
| Net Income | 5.38B | 4.90B | 6.52B | 13.03B | -10.88B | 14.66B |
Balance Sheet | ||||||
| Total Assets | 108.50B | 106.13B | 110.73B | 107.84B | 109.71B | 112.02B |
| Cash, Cash Equivalents and Short-Term Investments | 21.18B | 22.77B | 27.81B | 28.92B | 24.90B | 13.80B |
| Total Debt | 11.54B | 11.34B | 10.15B | 10.62B | 10.68B | 12.51B |
| Total Liabilities | 38.39B | 38.31B | 39.71B | 39.89B | 42.52B | 38.51B |
| Stockholders Equity | 70.08B | 67.78B | 70.97B | 67.87B | 67.12B | 73.48B |
Cash Flow | ||||||
| Free Cash Flow | -3.28B | -3.45B | 3.68B | 14.91B | 13.21B | 11.49B |
| Operating Cash Flow | 11.22B | 10.08B | 11.90B | 21.47B | 18.16B | 14.87B |
| Investing Cash Flow | -11.59B | -10.74B | -6.61B | -5.29B | -3.89B | -2.27B |
| Financing Cash Flow | -1.90B | -3.00B | -5.20B | -12.77B | -723.00M | -5.03B |
SSAB Corporation Technical Analysis
Positive
84.12
Price Trends
75.23
Positive
73.08
Positive
65.21
Positive
Market Momentum
2.38
Negative
69.98
Neutral
85.85
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 84.12 is above the 20-day moving average (MA) of 75.18, above the 50-day MA of 75.23, and above the 200-day MA of 65.21, indicating a bullish trend. The MACD of 2.38 indicates Negative momentum. The RSI at 69.98 is Neutral, neither overbought nor oversold. The STOCH value of 85.85 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr136.14B | 8.41 | 13.04% | ― | 9.10% | -4.02% | |
62 Neutral | kr25.78B | 15.59 | 13.67% | 4.87% | -5.45% | -12.48% | |
58 Neutral | kr80.97B | 12.22 | ― | 2.50% | -0.29% | ― | |
58 Neutral | kr81.04B | 39.99 | 7.23% | 3.80% | -5.66% | 5.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr80.97B | 12.15 | ― | 3.46% | -0.29% | ― | |
52 Neutral | kr15.77B | 19.21 | 2.55% | 3.81% | -6.72% | -59.31% |
* General Sector Average
SE:SSAB.B
SSAB Corporation
83.24
24.66
42.10%
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17.22%
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.