Volvo AB (SE:VOLV.B)
:VOLV.B
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Volvo AB
(VOLV.B)
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Rating:69Neutral
Price Target:
kr353.00
▲(7.52% Upside)
Action:ReiteratedDate:04/25/26
Overall score reflects solid but cooling fundamentals (strong margins/ROE and positive FCF, tempered by negative TTM revenue and higher leverage), supported by constructive technicals (price above major DMAs and positive MACD). Valuation is balanced with a reasonable P/E and an attractive ~4.19% dividend yield.
Positive Factors
Strong profitability and ROE
Sustained mid-teens to high-single-digit margins and an ROE near 19% indicate structural operating efficiency and effective capital allocation across Volvo’s divisions. These durable profitability levels support reinvestment, service margin resilience, and shareholder returns through multi-quarter cycles.
Negative Factors
Declining revenue trend
A near-term top-line contraction reduces operating leverage benefits and limits the pace at which fixed-cost recovery and parts/service base can grow. If the revenue decline persists, it will pressure margins, ROE maintenance, and the ability to fund investments from internal cash over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and ROE
Sustained mid-teens to high-single-digit margins and an ROE near 19% indicate structural operating efficiency and effective capital allocation across Volvo’s divisions. These durable profitability levels support reinvestment, service margin resilience, and shareholder returns through multi-quarter cycles.
Read all positive factors
Volvo AB (VOLV.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr649.29B
Dividend Yield6.34%
Average Volume (3M)3.39M
Price to Earnings (P/E)18.7
Beta (1Y)1.36
Revenue Growth-9.52%
EPS Growth-28.83%
CountrySE
Employees91,154
SectorGeneral
Sector StrengthN/A
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)4.09
Shares Outstanding1,591,908,600
10 Day Avg. Volume4,677,128
30 Day Avg. Volume3,385,933
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)3.37
Price to Sales (P/S)1.26
P/FCF Ratio22.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr343.55Price Target Upside4.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)21.33
Revenue Forecast (FY)kr490.98B
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 products and services to business and public-sector customers across several operating segments. (1) Vehicle and equipment sales: The largest revenue driver is the sale of new commercial vehicles and machi...
Volvo AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
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 | 552.76B | 473.48B | 372.22B |
| Gross Profit | 114.67B | 116.87B | 144.05B | 149.32B | 111.74B | 89.75B |
| EBITDA | 71.16B | 66.71B | 91.35B | 88.81B | 67.01B | 63.13B |
| Net Income | 32.88B | 34.46B | 50.39B | 49.83B | 32.72B | 32.79B |
Balance Sheet | ||||||
| Total Assets | 682.48B | 648.59B | 714.56B | 674.07B | 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 | 253.96B | 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 | 23.39B | 27.25B | 28.06B | -1.99B | 7.40B | 11.81B |
| Operating Cash Flow | 49.77B | 45.59B | 46.44B | 26.68B | 33.24B | 33.65B |
| Investing Cash Flow | -33.89B | -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
328.30
Price Trends
316.77
Positive
302.48
Positive
282.70
Positive
Market Momentum
3.86
Negative
61.79
Neutral
55.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VOLV.B, the sentiment is Positive. The current price of 328.3 is above the 20-day moving average (MA) of 302.76, above the 50-day MA of 316.77, and above the 200-day MA of 282.70, indicating a bullish trend. The MACD of 3.86 indicates Negative momentum. The RSI at 61.79 is Neutral, neither overbought nor oversold. The STOCH value of 55.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:VOLV.B.
Volvo AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr269.65B | 3.43 | 6.71% | 1.46% | -10.52% | 96.23% | |
72 Outperform | kr489.96B | 28.92 | 16.39% | 1.94% | -0.90% | 0.66% | |
71 Outperform | kr284.19B | 27.05 | ― | 1.84% | -2.52% | -1.56% | |
69 Neutral | kr649.29B | 18.67 | 19.41% | 6.34% | -9.52% | -28.83% | |
69 Neutral | kr223.36B | 27.89 | 20.42% | 1.84% | 0.90% | 6.26% | |
60 Neutral | kr104.77B | 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
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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.