SSAB (SSAAY) AI Stock Analysis

• Market Cap: $6.33B
• Dividend Yield: 4.18%
• Average Volume (3M): 100.00
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.97
• Revenue Growth: -4.26%
• EPS Growth: -33.25%
• Country: US
• Employees: 14,637
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.08
• Shares Outstanding: 591,932,700
• 10 Day Avg. Volume: 104
• 30 Day Avg. Volume: 100
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.76
• Enterprise Value/Revenue: 0.05
• Enterprise Value/Gross Profit: 0.41
• Enterprise Value/Ebitda: 0.51
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: $3.50 ▲(7.69% Upside)

SSAB's overall stock score reflects a balance of strengths and challenges. The company's strong balance sheet and positive technical indicators are significant positives. However, declining revenue growth and cash flow challenges weigh on the score. The earnings call provided a mixed outlook with both achievements and challenges, contributing to a moderate overall score.

SSAB 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 SSAB Special Steels segment offers quenched and tempered steels, and hot-rolled advanced high-strength steel products. The SSAB Europe segment provides strip, plate, and tubular products. The SSAB Americas segment offers heavy steel plates. The Tibnor segment distributes a range of steel and non-ferrous metals in the Nordic region and the Baltics. The Ruukki Construction segment produces and sells building and construction products and services for residential and non-residential construction. The company markets its steel products under the Strenx, Hardox, Docol, GreenCoat, Toolox, Armox, Duroxite, SSAB Boron, SSAB Domex, SSAB Form, SSAB Laser, SSAB Weathering and Cor-Ten, and SSAB Multisteel brands. It serves the heavy transport, construction, automotive, industrial, construction machinery, energy, material handling, and service center industries. The company has a collaboration agreement with Faurecia S.E. to deliver fossil-free steel for automotive seat structures. SSAB AB (publ) was founded in 1878 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

SSAB generates revenue primarily through the sale of steel products to various industries, including automotive, construction, and manufacturing. Key revenue streams include hot-rolled and cold-rolled steel, steel plates, and specialized products tailored for specific applications. The company benefits from strong partnerships with major automotive manufacturers and construction firms, which helps secure long-term contracts and stable revenue. Additionally, SSAB's focus on innovation and high-strength steel products allows it to command premium pricing, thereby enhancing profit margins. The transition towards more sustainable steel production also positions SSAB favorably in a market increasingly focused on environmental responsibility.

SSAB Financial Statement Overview

Summary

SSAB shows a mixed financial performance. The income statement indicates profitability but with declining revenue growth. The balance sheet is strong with low leverage and a solid equity base, providing financial stability. However, the cash flow statement highlights significant challenges, particularly with negative free cash flow, which could impact future operations if not addressed.

Income Statement

The income statement shows a mixed performance. The TTM data indicates a decline in revenue growth at -2.6%, and the gross profit margin is relatively low at 11.89%. However, the company maintains a positive net profit margin of 4.55% and an EBIT margin of 5.25%. The EBITDA margin is also healthy at 9.48%. Despite the recent decline, the company has shown resilience in maintaining profitability.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.14, indicating conservative leverage. The return on equity is modest at 6.58%, suggesting moderate efficiency in generating profits from shareholders' equity. The equity ratio stands at 65.37%, showing a strong equity base relative to total assets, which enhances financial stability.

Cash Flow

The cash flow statement reveals challenges, particularly with free cash flow, which is negative in the TTM period. The free cash flow growth rate is significantly negative at -148.26%, and the free cash flow to net income ratio is -10.11%, indicating cash flow issues. However, the operating cash flow to net income ratio is 37.91%, showing some ability to generate cash from operations despite the free cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	99.14B	100.48B	119.49B	124.98B	95.89B	65.39B
Gross Profit	11.79B	11.56B	22.55B	-2.12B	23.47B	3.78B
EBITDA	9.40B	13.25B	21.26B	32.62B	22.21B	3.51B
Net Income	4.51B	13.03B	13.03B	-10.88B	14.66B	-490.00M
Balance Sheet
Total Assets	102.49B	110.73B	107.84B	109.71B	112.02B	88.60B
Cash, Cash Equivalents and Short-Term Investments	20.30B	27.81B	28.92B	24.90B	13.80B	7.05B
Total Debt	9.41B	10.15B	10.62B	10.68B	12.51B	17.45B
Total Liabilities	35.45B	39.71B	39.89B	42.52B	38.51B	34.51B
Stockholders Equity	67.00B	70.97B	67.87B	67.12B	73.48B	53.99B
Cash Flow
Free Cash Flow	-914.00M	3.68B	14.91B	13.21B	11.49B	2.16B
Operating Cash Flow	9.04B	11.90B	21.47B	18.16B	14.87B	4.37B
Investing Cash Flow	-7.71B	-6.61B	-5.29B	-3.89B	-2.27B	-2.18B
Financing Cash Flow	-5.31B	-5.20B	-12.77B	-723.00M	-5.03B	685.00M

SSAB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSAAY, the sentiment is Positive. The current price of 3.25 is below the 20-day moving average (MA) of 3.27, above the 50-day MA of 3.07, and above the 200-day MA of 3.00, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 82.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSAAY.

SSAB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TX	―	$7.43B	12.71	4.89%	7.21%	-16.83%	―
GGB	―	$6.52B	12.34	5.77%	3.16%	-6.55%	-37.93%
CMC	―	$6.71B	81.51	1.99%	1.19%	-1.61%	-81.36%
SSAAY	―	$6.33B	12.91	6.57%	4.18%	-4.26%	-33.25%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CLF	―	$6.97B	-4.14	-27.16%	―	-6.76%	-255.94%
SID	―	$2.24B	-5.84	-15.57%	13.74%	-10.77%	-192.16%

SSAB Corporate Events

SSAB AB Reports Mixed Q3 2025 Financial Results

SSAB AB, a prominent player in the steel industry, specializes in the production of high-strength steel and operates across Europe and North America. The company is known for its innovative approaches in steel production and its commitment to sustainability.

SSAB AB Reports Decline in Revenue Amid Market Challenges

SSAB AB is a leading steel manufacturer operating in the Americas and Europe, known for its high-strength steel products and commitment to sustainable steel production. In the first half of 2025, SSAB reported a revenue of SEK 51,154 million, a decrease from the previous year, primarily due to lower steel prices and currency effects. The company’s operating result for the second quarter was SEK 2,140 million, reflecting a decline compared to the previous year, but an improvement from the first quarter of 2025, driven by increased prices in SSAB Americas. Despite the challenges posed by tariffs and trade barriers, SSAB Special Steels maintained stable operating margins, while SSAB Europe faced a weaker market. The company is progressing with its transformation projects, including the conversion of Oxelösund and the construction of a new mini-mill in Luleå, aimed at reducing CO2 emissions. Looking ahead, SSAB anticipates a seasonally weaker third quarter, with stable prices for SSAB Special Steels and Europe, and higher prices expected in SSAB Americas.

SSAB Earnings Call: Mixed Sentiments Amid Achievements

The recent earnings call for SSAB AB Unsponsored ADR Class A presented a balanced sentiment, highlighting both achievements and challenges. The company reported significant accomplishments in operating results, automotive segment sales, and strategic partnerships. However, these positive aspects were tempered by challenges in the European market, delays in key projects, and flat revenue growth, resulting in an overall mixed sentiment.