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SSAB Corporation
(SSAB.B)
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Rating:58Neutral
Price Target:
kr99.00
▲(17.69% Upside)
Action:Reiterated
Date: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
Balance sheet strength
Low leverage and a sizable equity base provide durable financial flexibility for a cyclical steel business. This supports the ability to fund capex, absorb demand volatility, and pursue strategic investments (e.g., decarbonization projects) without forcing distress financing.
Negative Factors
Revenue decline
A near-term 19% TTM revenue decline signals deteriorating demand or lost volumes, which undermines scale economics. Sustained revenue contraction pressures operating leverage, reduces margin resilience, and makes earnings recovery more dependent on market cyclical rebound.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low leverage and a sizable equity base provide durable financial flexibility for a cyclical steel business. This supports the ability to fund capex, absorb demand volatility, and pursue strategic investments (e.g., decarbonization projects) without forcing distress financing.
Read all positive factors
SSAB Corporation (SSAB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr95.56B
Dividend Yield3.8%
Average Volume (3M)4.00M
Price to Earnings (P/E)17.7
Beta (1Y)1.32
Revenue Growth-5.66%
EPS Growth5.97%
CountrySE
Employees14,637
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)5.40
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)7.57
Revenue Forecast (FY)kr103.27B
SSAB Corporation Business Overview & Revenue Model
Company Description
SSAB AB (publ), a Swedish company established in 1878 and headquartered in Stockholm, Sweden, is a leading global manufacturer and supplier of steel products. Its operations span the United States, Sweden, Finland, Germany, Denmark, and various ot...
How the Company Makes Money
SSAB primarily makes money by producing and selling steel products to industrial customers under its operating divisions (commonly reported as SSAB Special Steels, SSAB Europe, SSAB Americas, and Tibnor). Revenue is largely generated from (1) sale...
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
91.57
Positive
82.92
Positive
73.74
Positive
Market Momentum
0.22
Positive
57.15
Neutral
76.83
Neutral
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 below the 20-day moving average (MA) of 94.09, below the 50-day MA of 91.57, and above the 200-day MA of 73.74, indicating a bullish trend. The MACD of 0.22 indicates Positive momentum. The RSI at 57.15 is Neutral, neither overbought nor oversold. The STOCH value of 76.83 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | kr24.85B | 13.46 | 13.67% | 4.87% | -8.75% | -14.76% | |
70 Outperform | kr147.80B | 13.38 | 13.04% | ― | 9.10% | -4.02% | |
58 Neutral | kr95.56B | 17.74 | 7.23% | 3.80% | -5.66% | 5.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr15.62B | 202.58 | 2.55% | 3.81% | -12.11% | -95.84% | |
50 Neutral | kr82.58B | 12.09 | ― | 3.46% | -3.54% | ― | |
47 Neutral | kr82.58B | 12.09 | ― | 2.50% | -3.54% | ― |
* General Sector Average
SE:SSAB.B
SSAB Corporation
95.82
36.81
62.39%
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SE:STE.R
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3.11%
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.