Volvo AB (SE:VOLV.A)
:VOLV.A
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Volvo AB
(VOLV.A)
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Rating:68Neutral
Price Target:
kr351.00
â–˛(17.94% Upside)
Action:ReiteratedDate:04/25/26
The score is driven primarily by solid underlying financial performance (good margins and improving free cash flow) tempered by moderating growth and meaningful leverage. Technicals are supportive with the stock trading above major moving averages and neutral-to-positive momentum. Valuation is reasonable but not notably cheap, with a moderate dividend yield.
Positive Factors
Improving free cash flow
Volvo’s free cash flow has meaningfully improved to about 26B with +17.8% growth, providing durable internal funding for capex, maintenance of aftermarket networks and shareholder returns. Sustained FCF growth strengthens long-term financial flexibility and supports strategic investments.
Negative Factors
Meaningful leverage
High absolute debt and a debt-to-equity ~1.39 raise structural financial risk, reducing flexibility to invest or absorb weaker demand. Elevated leverage increases sensitivity to interest costs and limits the company’s capacity to self-fund large strategic moves without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving free cash flow
Volvo’s free cash flow has meaningfully improved to about 26B with +17.8% growth, providing durable internal funding for capex, maintenance of aftermarket networks and shareholder returns. Sustained FCF growth strengthens long-term financial flexibility and supports strategic investments.
Read all positive factors
Volvo AB (VOLV.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr648.74B
Dividend Yield2.74%
Average Volume (3M)134.65K
Price to Earnings (P/E)18.6
Beta (1Y)1.40
Revenue Growth-9.52%
EPS Growth-28.83%
CountrySE
Employees91,154
SectorGeneral
Sector StrengthN/A
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)4.09
Shares Outstanding441,543,460
10 Day Avg. Volume166,120
30 Day Avg. Volume134,648
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)3.38
Price to Sales (P/S)1.26
P/FCF Ratio22.11
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)21.29
Revenue Forecast (FY)kr491.08B
Volvo AB Business Overview & Revenue Model
Company Description
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long...
How the Company Makes Money
Volvo AB primarily makes money by selling industrial products and related services across its main business areas. A major revenue stream is the sale of heavy-duty trucks and related offerings under the Group’s truck brands (including vehicles, ch...
Volvo AB Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
62
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 468.16B | 479.18B | 526.82B | 552.25B | 473.48B | 372.22B |
| Gross Profit | 114.67B | 116.87B | 144.05B | 149.84B | 111.74B | 89.75B |
| EBITDA | 70.74B | 72.70B | 91.35B | 89.64B | 67.01B | 63.08B |
| Net Income | 32.88B | 34.46B | 50.39B | 49.83B | 32.72B | 32.79B |
Balance Sheet | ||||||
| Total Assets | 682.48B | 648.59B | 714.56B | 681.81B | 629.06B | 515.86B |
| Cash, Cash Equivalents and Short-Term Investments | 72.57B | 73.50B | 73.49B | 73.61B | 67.18B | 50.79B |
| Total Debt | 257.63B | 248.06B | 258.85B | 233.52B | 205.05B | 151.45B |
| Total Liabilities | 491.70B | 470.11B | 517.20B | 493.33B | 462.83B | 371.74B |
| Stockholders Equity | 190.67B | 178.40B | 194.05B | 177.79B | 162.72B | 141.04B |
Cash Flow | ||||||
| Free Cash Flow | 25.96B | 27.25B | 28.06B | 3.00B | 7.40B | 11.81B |
| Operating Cash Flow | 49.77B | 45.59B | 46.44B | 26.68B | 33.24B | 33.65B |
| Investing Cash Flow | -33.90B | -27.48B | -24.14B | -26.84B | -21.49B | -1.49B |
| Financing Cash Flow | -33.87B | -25.39B | -21.87B | 1.82B | 7.48B | -57.55B |
Volvo AB Technical Analysis
Positive
297.60
Price Trends
316.62
Positive
302.49
Positive
282.72
Positive
Market Momentum
4.06
Negative
61.84
Neutral
58.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VOLV.A, the sentiment is Positive. The current price of 297.6 is below the 20-day moving average (MA) of 302.72, below the 50-day MA of 316.62, and above the 200-day MA of 282.72, indicating a bullish trend. The MACD of 4.06 indicates Negative momentum. The RSI at 61.84 is Neutral, neither overbought nor oversold. The STOCH value of 58.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:VOLV.A.
Volvo AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr266.40B | 3.43 | 6.71% | 1.46% | -10.52% | 96.23% | |
72 Outperform | kr480.56B | 28.92 | 16.39% | 1.94% | -0.90% | 0.66% | |
69 Neutral | kr226.50B | 27.89 | 20.42% | 1.84% | 0.90% | 6.26% | |
68 Neutral | kr648.74B | 18.62 | 19.41% | 2.74% | -9.52% | -28.83% | |
67 Neutral | kr302.04B | 57.79 | 13.56% | 0.39% | 26.26% | 38.19% | |
60 Neutral | kr104.56B | 15.69 | 8.90% | 3.19% | -8.67% | -41.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:VOLV.A
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Volvo AB Corporate Events
Volvo Group Q1 Profitability Holds as Orders Shift After Portfolio Changes
Apr 24, 2026
Volvo Group reported a 9% decline in first-quarter 2026 net sales to SEK 110.8 billion, though organic sales rose 2%, highlighting resilient underlying demand despite currency headwinds and portfolio changes. Adjusted operating income slipped to S...
AB Volvo Updates Share Structure After Conversion of Series A to Series B Shares
Mar 31, 2026
AB Volvo has adjusted its share capital structure following the conversion of 745,007 Series A shares into an equal number of Series B shares under a mechanism approved by shareholders in 2011 that allows holders of A shares to request conversion....
Volvo adjusts voting structure as Series A shares convert to Series B
Feb 27, 2026
AB Volvo has adjusted its share capital structure following the conversion of 2,000,619 Series A shares into an equal number of Series B shares, a process enabled by a shareholder conversion right introduced in 2011. As of 27 February 2026, the co...
Volvo Group Posts Resilient 2025 Results Amid Cyclical Downturn
Feb 26, 2026
Volvo Group has released its 2025 Annual Report, highlighting a year marked by ongoing product renewal across all business areas and a continued cyclical downturn that weighed on demand for new vehicles and machines. Despite geopolitical tensions ...
Volvo Group Profits and Cash Flow Weaken in 2025 but Double‑Digit Margins and Strong Balance Sheet Support Dividend
Jan 28, 2026
Volvo Group reported a decline in full-year 2025 net sales to SEK 479.2 billion from SEK 526.8 billion, with adjusted operating income falling to SEK 51.2 billion and the adjusted operating margin easing to 10.7% as weaker earnings and lower indus...
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.