SAAB-B Stock Analysis: Saab (publ) | ST

Aerospace & Defense | ST, Sweden | Market Cap: 363.966m SEK | 12M Return: 25.9% | SE0021921269 | Charts, Fundamentals & Technical Analysis

Aerial Systems, Missile Systems, Submarines, Radar
Total Rating 63
Safety 67
Buy Signal 0.68
Aerospace & Defense
Industry Rotation: +2.2
Market Cap: 37.2B
Avg Turnover: 741M
Risk 3d forecast
Volatility41.9%
VaR 5th Pctl7.12%
VaR vs Median3.10%
Reward TTM
Sharpe Ratio0.74
Rel. Str. IBD68.5
Rel. Str. Peer Group77.7 pctl
Character TTM
Beta-0.199
Beta Downside-0.888
Hurst Exponent0.604
Choppyness67.2%
Drawdowns 3y
Max DD33.73%
CAGR/Max DD2.00
CAGR/Mean DD6.81
EPS (Earnings per Share) EPS (Earnings per Share) of SAAB-B over the last years for every Quarter: "2021-09": 0.56, "2021-12": 1.38, "2022-03": 2.66, "2022-06": 0.79, "2022-09": 0.57, "2022-12": 8.32, "2023-03": 1.36, "2023-06": 1.49, "2023-09": 1.21, "2023-12": 2.27, "2024-03": 1.43, "2024-06": 1.85, "2024-09": 1.79, "2024-12": 2.59, "2025-03": 2.35, "2025-06": 2.83, "2025-09": 1.77, "2025-12": 4.73, "2026-03": 2.65, "2026-06": 3.96, "2026-09": 2.57,
EPS CAGR: 36.43%
EPS Trend: 99.0%
Last SUE: 0.00
Qual. Beats: 0
Revenue Revenue of SAAB-B over the last years for every Quarter: 2021-09: 7992, 2021-12: 11943, 2022-03: 9218, 2022-06: 10171, 2022-09: 8751, 2022-12: 13866, 2023-03: 11485, 2023-06: 12475, 2023-09: 11527, 2023-12: 16122, 2024-03: 14185, 2024-06: 15170, 2024-09: 13546, 2024-12: 20850, 2025-03: 15792, 2025-06: 19786, 2025-09: 15871, 2025-12: 27697, 2026-03: 19164, 2026-06: 25453, 2026-09: 20553,
Rev. CAGR: 23.91%
Rev. Trend: 99.8%
Last SUE: 0.55
Qual. Beats: 0

Warnings

Below Avwap Earnings

Tailwinds

Idiosyncratic Leader
Confidence

Seasonality 11.7 years of data

Jan +0.1% 10
Feb +1.0% 10
Mar +1.4% 19
Apr +4.6% 6
May +0.4% 13
Jun -2.3% 8
Jul -0.5% 10
Aug -1.9% 29
Sep +0.7% 2
Oct +0.1% 13
Nov +2.0% 25
Dec -0.9% 11

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: SAAB-B Saab (publ)

Saab AB (publ) (SAAB-B) is a Swedish aerospace and defense company that provides products, services, and solutions across military defense, aviation, and civil security markets. It operates through five segments-Aeronautics, Dynamics, Surveillance, Kockums, and Combitech-covering aerial systems, combat weapons, radar, submarines, and technical consultancy. The company serves customers in Sweden, the United States, the United Kingdom, Germany, Australia, and other international markets, and is headquartered in Stockholm. Founded in 1937, Saab is classified as a large-cap stock within the GICS Industrials sector, specifically the Aerospace & Defense sub-industry.

Headlines to Watch Out For
  • European defense spending surge drives record order backlog growth
  • Gripen fighter jet exports expand amid rising NATO defense budgets
  • Dynamics segment margins expand on missile systems demand surge
Piotroski VR-10 (Strict) 8.0
Net Income: 7.53b TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA 5.97 > 1.0
NWC/Revenue: 18.89% < 20% (prev 23.88%; Δ -4.99% < -1%)
CFO/TA 0.14 > 3% & CFO 21.2b > Net Income 7.53b
Net Debt (1.73b) to EBITDA (13.3b): 0.13 < 3
Current Ratio: 1.22 > 1.5 & < 3
Outstanding Shares: last quarter (541.5m) vs 12m ago 0.13% < -2%
Gross Margin: 22.17% > 18% (prev 22.00%; Δ 0.17% > 0.5%)
Asset Turnover: 71.27% > 50% (prev 66.35%; Δ 4.92% > 0%)
Interest Coverage Ratio: 15.32 > 6 (EBIT TTM 10.2b / Interest Expense TTM 666.0m)
Altman Z'' 2.76
A: 0.12 (Total Current Assets 96.4b - Total Current Liabilities 78.9b) / Total Assets 152b
B: 0.28 (Retained Earnings 43.1b / Total Assets 152b)
C: 0.08 (EBIT TTM 10.2b / Avg Total Assets 130b)
D: 0.52 (Book Value of Equity 52.0b / Total Liabilities 99.2b)
Altman-Z'' = 2.76 = A
Beneish M -2.77
DSRI: 1.09 (Receivables 41.7b/29.9b, Revenue 92.9b/72.3b)
GMI: 0.99 (GM 22.00% / 22.17%)
AQI: 0.99 (AQ_t 0.18 / AQ_t-1 0.19)
SGI: 1.28 (Revenue 92.9b / 72.3b)
TATA: -0.09 (NI 7.53b - CFO 21.2b) / TA 152b)
Beneish M = -2.77 (Cap -4..+1) = A
What is the price of SAAB-B shares?

As of November 03, 2026, the stock is trading at SEK 654.30 with a total of 1,285,591 shares traded. Over the past week, the price has changed by +0.37%, over one month by +7.02%, over three months by +6.58% and over the past year by +25.87%.

Current recommended Stop Loss: 612.30 (which is 6.4% or 2.1 ATR below the current price).

Is SAAB-B a buy, sell or hold?

Saab (publ) has no consensus analysts rating.

Saab (publ) (SAAB-B) - Fundamental Data Overview as of 01 November 2026
Market Cap USD = 37.2b (364b SEK * 0.1021 SEK.USD)
P/E Trailing = 48.5406
P/E Forward = 35.7143
P/S = 3.9192
P/B = 6.9999
P/EG = 1.6092
Revenue TTM = 92.9b SEK
EBIT TTM = 10.2b SEK
EBITDA TTM = 13.3b SEK
Long Term Debt = 12.1b SEK (from longTermDebt, last quarter)
Short Term Debt = 1.38b SEK (from shortTermDebt, last quarter)
Debt = 23.4b SEK (from shortLongTermDebtTotal, last quarter) + Leases 5.33b
Net Debt = 1.73b SEK (calculated: Debt 23.4b - CCE 21.7b)
Enterprise Value = 366b SEK (364b + Debt 23.4b - CCE 21.7b)
Interest Coverage Ratio = 15.32 (Ebit TTM 10.2b / Interest Expense TTM 666.0m)
EV/FCF = 28.78x (Enterprise Value 366b / FCF TTM 12.7b)
FCF Yield = 3.47% (FCF TTM 12.7b / Enterprise Value 366b)
FCF Margin = 13.68% (FCF TTM 12.7b / Revenue TTM 92.9b)
Net Margin = 8.11% (Net Income TTM 7.53b / Revenue TTM 92.9b)
Gross Margin = 22.17% ((Revenue TTM 92.9b - Cost of Revenue TTM 72.3b) / Revenue TTM)
Gross Margin QoQ = 23.42% (prev 22.58%)
Tobins Q-Ratio = 2.41 (Enterprise Value 366b / Total Assets 152b)
Interest Expense / Debt = 2.85% (Interest Expense 666.0m / Debt 23.4b)
Taxrate = 20.79% (2.00b / 9.64b)
NOPAT = 8.08b (EBIT 10.2b * (1 - 20.79%))
Current Ratio = 1.22 (Total Current Assets 96.4b / Total Current Liabilities 78.9b)
Debt / Equity = 0.45 (Debt 23.4b / totalStockholderEquity, last quarter 52.0b)
Debt / EBITDA = 0.13 (Net Debt 1.73b / EBITDA 13.3b)
Debt / FCF = 0.14 (Net Debt 1.73b / FCF TTM 12.7b)
Total Stockholder Equity = 47.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.78% (Net Income 7.53b / Total Assets 152b)
RoE = 15.83% (Net Income TTM 7.53b / Total Stockholder Equity 47.5b)
RoCE = 17.09% (EBIT 10.2b / Capital Employed (Equity 47.5b + L.T.Debt 12.1b))
RoIC = 11.63% (NOPAT 8.08b / Invested Capital 69.5b)
WACC = 4.82% (E(364b)/V(387b) * Re(4.98%) + D(23.4b)/V(387b) * Rd(2.85%) * (1-Tc(0.21)))
Discount Rate = 4.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.17 | Cagr: 0.18%
[DCF] Terminal Value 77.97% ; FCFF base≈8.68b ; Y1≈9.94b ; Y5≈14.6b
[DCF] Fair Price = 412.7 (EV 220b - Net Debt 1.73b = Equity 219b / Shares 529.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 99.04 | EPS CAGR: 36.43% | SUE: 0.0 | # QB: 0
Revenue Correlation: 99.76 | Revenue CAGR: 23.91% | SUE: 0.55 | # QB: 0
EPS current Quarter (2027-03-31): EPS=3.20 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=14.91 | Chg30d=-0.01% | Revisions=+0% | GrowthEPS=+27.5% | GrowthRev=+24.5%
EPS next Year (2027-12-31): EPS=19.26 | Chg30d=+1.74% | Revisions=+12% | GrowthEPS=+28.5% | GrowthRev=+22.1%
[Analyst] Revisions Ratio: +8% (up=5, down=4)