SCA-B Stock Analysis: Svenska Cellulosa | ST

Paper & Paper Products | ST, Sweden | Market Cap: 76.029m SEK | 12M Return: -7.3% | Charts, Fundamentals & Technical Analysis

Sawn Wood, Pulp, Kraftliner, Biofuels
Total Rating 37
Safety 76
Buy Signal -0.32
Paper & Paper Products
Industry Rotation: +20.4
Market Cap: 7.97B
Avg Turnover: 163M
Risk 3d forecast
Volatility22.5%
VaR 5th Pctl3.91%
VaR vs Median5.49%
Reward TTM
Sharpe Ratio-0.47
Rel. Str. IBD24.5
Rel. Str. Peer Group31.8
Character TTM
Beta0.235
Beta Downside0.324
Hurst Exponent0.555
Drawdowns 3y
Max DD39.63%
CAGR/Max DD-0.13
CAGR/Mean DD-0.28
EPS (Earnings per Share) EPS (Earnings per Share) of SCA-B over the last years for every Quarter: "2021-06": 2.11, "2021-09": 2.59, "2021-12": 2.84, "2022-03": 2.51, "2022-06": 3.1, "2022-09": 2.35, "2022-12": 1.73, "2023-03": 1.73, "2023-06": 1.32, "2023-09": 0.96, "2023-12": 1.22, "2024-03": 1.12, "2024-06": 1.37, "2024-09": 1.52, "2024-12": 1.17, "2025-03": 1.14, "2025-06": 1.55, "2025-09": 1.19, "2025-12": 0.69, "2026-03": 0.54, "2026-06": 0.74,
EPS CAGR: -11.39%
EPS Trend: -67.1%
Last SUE: 0.17
Qual. Beats: 0
Revenue Revenue of SCA-B over the last years for every Quarter: 2021-06: 4810, 2021-09: 5077, 2021-12: 4763, 2022-03: 5015, 2022-06: 5899, 2022-09: 5007, 2022-12: 4873, 2023-03: 4813, 2023-06: 4582, 2023-09: 4302, 2023-12: 4384, 2024-03: 4558, 2024-06: 5291, 2024-09: 5248, 2024-12: 5135, 2025-03: 5161, 2025-06: 5380, 2025-09: 4993, 2025-12: 4893, 2026-03: 4740, 2026-06: 5153,
Rev. CAGR: 4.79%
Rev. Trend: 74.1%
Last SUE: 0.45
Qual. Beats: 0

Warnings

Earnings Expected To Drop (P/E To P/E Forward)
Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.6 years of data

Jan +0.8% 8
Feb +0.8% 8
Mar +2.0% 5
Apr +1.3% 16
May +0.1% 7
Jun -2.6% 45
Jul +0.3% 7
Aug +2.8% 26
Sep -0.6% 2
Oct -1.1% 27
Nov -0.2% 10
Dec -0.6% 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: SCA-B Svenska Cellulosa

Svenska Cellulosa Aktiebolaget SCA (publ) is a Swedish forest products company operating across Sweden, Germany, the United States, the United Kingdom, the rest of Europe, and Asia. Its business is organized into five segments: Forest, Wood, Pulp, Containerboard, and Renewable Energy. As a vertically integrated forest industry operator, SCA manages large tracts of forest land in addition to processing timber into downstream products, a structure common among major Nordic pulp-and-paper groups classified under the GICS Materials / Forest Products sub-industry.

The company produces sawn timber and wood solutions for industrial buildings and merchants, bleached softwood kraft pulp and chemical thermomechanical pulp, kraftliner-based packaging for applications ranging from consumer durables to fruit, vegetables, and frozen food, as well as wood pellets and both solid and liquid biofuels. It also offers logistics services, including RoRo vessel forwarding, container express, and road and rail transport, and supplies green products such as tall oil, turpentine, district heating, and green electricity.

In addition to manufacturing, SCA is involved in forest land management and harvesting, the sourcing and transport of roundwood, hunting and fishing rights on its lands, and wind power generation. The company exports its products internationally and was incorporated in 1915, with its headquarters in Sundsvall, Sweden.

Headlines to Watch Out For
  • Global pulp prices decline on weaker demand and oversupply
  • Sawn timber margins pressured by softer European construction activity
  • Containerboard demand grows on e-commerce and sustainable packaging volumes
  • Renewable energy segment expands with wind power and pellet capacity investments
Piotroski VR-10 (Strict) 3.5
Net Income: 2.22b TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.26 > 1.0
NWC/Revenue: 11.15% < 20% (prev 9.75%; Δ 1.40% < -1%)
CFO/TA 0.02 > 3% & CFO 3.62b > Net Income 2.22b
Net Debt (15.8b) to EBITDA (4.74b): 3.34 < 3
Current Ratio: 1.24 > 1.5 & < 3
Outstanding Shares: last quarter (702.0m) vs 12m ago 0.0% < -2%
Gross Margin: -0.15% > 18% (prev 83.25%; Δ -83.40% > 0.5%)
Asset Turnover: 13.31% > 50% (prev 14.00%; Δ -0.69% > 0%)
Interest Coverage Ratio: 6.62 > 6 (EBIT TTM 2.52b / Interest Expense TTM 381.0m)
Altman Z'' 3.86
A: 0.01 (Total Current Assets 11.2b - Total Current Liabilities 9.03b) / Total Assets 148b
B: 0.42 (Retained Earnings 61.5b / Total Assets 148b)
C: 0.02 (EBIT TTM 2.52b / Avg Total Assets 149b)
D: 2.18 (Book Value of Equity 101b / Total Liabilities 46.5b)
Altman-Z'' = 3.86 = AA
Beneish M -2.99
DSRI: 1.05 (Receivables 4.59b/4.64b, Revenue 19.8b/20.9b)
GMI: 1.00 (fallback, negative margins)
AQI: 1.07 (AQ_t 0.48 / AQ_t-1 0.44)
SGI: 0.95 (Revenue 19.8b / 20.9b)
TATA: -0.01 (NI 2.22b - CFO 3.62b) / TA 148b)
Beneish M = -2.99 (Cap -4..+1) = A
What is the price of SCA-B shares?

As of August 04, 2026, the stock is trading at SEK 110.65 with a total of 2,272,269 shares traded. Over the past week, the price has changed by +2.26%, over one month by +11.86%, over three months by +7.74% and over the past year by -7.31%.

Current recommended Stop Loss: 104.70 (which is 5.4% or 2.5 ATR below the current price).

Is SCA-B a buy, sell or hold?

Svenska Cellulosa has no consensus analysts rating.

Svenska Cellulosa (SCA-B) - Fundamental Data Overview as of 02 August 2026
Market Cap USD = 7.97b (76.0b SEK * 0.1048 SEK.USD)
P/E Trailing = 34.2563
P/E Forward = 98.0392
P/S = 3.3232
P/B = 0.7514
P/EG = 0.4512
Revenue TTM = 19.8b SEK
EBIT TTM = 2.52b SEK
EBITDA TTM = 4.74b SEK
Long Term Debt = 12.6b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 2.70b SEK (from shortTermDebt, last quarter)
Debt = 16.0b SEK (from shortLongTermDebtTotal, last quarter) + Leases 465.0m
Net Debt = 15.8b SEK (calculated: Debt 16.0b - CCE 162.0m)
Enterprise Value = 91.9b SEK (76.0b + Debt 16.0b - CCE 162.0m)
Interest Coverage Ratio = 6.62 (Ebit TTM 2.52b / Interest Expense TTM 381.0m)
EV/FCF = 58.07x (Enterprise Value 91.9b / FCF TTM 1.58b)
FCF Yield = 1.72% (FCF TTM 1.58b / Enterprise Value 91.9b)
FCF Margin = 8.00% (FCF TTM 1.58b / Revenue TTM 19.8b)
Net Margin = 11.22% (Net Income TTM 2.22b / Revenue TTM 19.8b)
Gross Margin = -0.15% ((Revenue TTM 19.8b - Cost of Revenue TTM 19.8b) / Revenue TTM)
Gross Margin QoQ = 72.64% (prev 63.42%)
Tobins Q-Ratio = 0.62 (Enterprise Value 91.9b / Total Assets 148b)
Interest Expense / Debt = 2.38% (Interest Expense 381.0m / Debt 16.0b)
Taxrate = 17.63% (475.0m / 2.69b)
NOPAT = 2.08b (EBIT 2.52b * (1 - 17.63%))
Current Ratio = 1.24 (Total Current Assets 11.2b / Total Current Liabilities 9.03b)
Debt / Equity = 0.16 (Debt 16.0b / totalStockholderEquity, last quarter 101b)
Debt / EBITDA = 3.34 (Net Debt 15.8b / EBITDA 4.74b)
Debt / FCF = 10.02 (Net Debt 15.8b / FCF TTM 1.58b)
Total Stockholder Equity = 102b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.49% (Net Income 2.22b / Total Assets 148b)
RoE = 2.18% (Net Income TTM 2.22b / Total Stockholder Equity 102b)
RoCE = 2.21% (EBIT 2.52b / Capital Employed (Equity 102b + L.T.Debt 12.6b))
RoIC = 1.47% (NOPAT 2.08b / Invested Capital 141b)
WACC = 5.97% (E(76.0b)/V(92.0b) * Re(6.81%) + D(16.0b)/V(92.0b) * Rd(2.38%) * (1-Tc(0.18)))
Discount Rate = 6.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -56.55 | Cagr: -0.02%
[DCF] Terminal Value 77.97% ; FCFF base≈1.43b ; Y1≈1.64b ; Y5≈2.42b
[DCF] Fair Price = 32.00 (EV 36.4b - Net Debt 15.8b = Equity 20.5b / Shares 641.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -67.14 | EPS CAGR: -11.39% | SUE: 0.17 | # QB: 0
Revenue Correlation: 74.14 | Revenue CAGR: 4.79% | SUE: 0.45 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.96 | Chg30d=-8.18% | Revisions=-38% | Analysts=8
EPS current Year (2026-12-31): EPS=3.36 | Chg30d=-3.69% | Revisions=-36% | GrowthEPS=-26.4% | GrowthRev=-0.9%
EPS next Year (2027-12-31): EPS=4.57 | Chg30d=+0.80% | Revisions=-10% | GrowthEPS=+36.0% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: -35% (up=6, down=14)