(SHB-A) Svenska Handelsbanken - Ratings and Ratios
Banking, Savings, Loans, Investment, CreditCards
SHB-A EPS (Earnings per Share)
SHB-A Revenue
Description: SHB-A Svenska Handelsbanken
Svenska Handelsbanken AB (publ) is a diversified banking institution operating primarily in Sweden, the UK, Norway, the Netherlands, and internationally, offering a wide range of banking products and services to both private and corporate customers. The banks comprehensive suite of services includes savings and transaction accounts, mortgage and personal loans, mutual funds, pension products, credit and debit cards, and various financing options for investments and businesses.
The banks customer-centric approach is evident in its tailored services for specific sectors such as forestry and agriculture, as well as its offerings for children and young people. Handelsbanken also provides a robust set of financial services to large corporations, including asset management, corporate finance, and trade finance, alongside cash management solutions for businesses of all sizes. Its commitment to digital banking is reflected in its online and mobile banking services, ensuring customers have access to their financial information and services at all times.
From a performance perspective, Handelsbanken demonstrates a strong financial position, with a Return on Equity (RoE) of 13.76%, indicating efficient use of shareholder equity. The banks Price-to-Earnings (P/E) ratio of 9.11 suggests that its stock may be undervalued relative to its earnings, potentially presenting an investment opportunity. With a market capitalization of SEK 255.387 billion, Handelsbanken is a significant player in the Nordic banking sector.
Further analysis of key performance indicators (KPIs) such as the banks cost-to-income ratio, net interest margin, and loan-to-deposit ratio would provide additional insights into its operational efficiency, profitability, and financial health. For instance, a low cost-to-income ratio would indicate efficient operations, while a healthy net interest margin would suggest strong profitability from its lending activities. A stable loan-to-deposit ratio would imply a balanced approach to lending and funding.
Considering Handelsbankens long history since its incorporation in 1871 and its established presence in multiple markets, the bank is well-positioned for continued growth and stability, driven by its diversified revenue streams and commitment to customer service. Its online presence, as seen on its website (https://www.handelsbanken.se), further enhances its accessibility and customer engagement.
SHB-A Stock Overview
| Market Cap in USD | 26,735m |
| Sector | Financial Services |
| Industry | Banks - Diversified |
| GiC Sub-Industry | Diversified Banks |
| IPO / Inception |
SHB-A Stock Ratings
| Growth Rating | 79.1 |
| Fundamental | 46.0% |
| Dividend Rating | 86.0 |
| Rel. Strength | 1.48 |
| Analysts | - |
| Fair Price Momentum | 136.23 SEK |
| Fair Price DCF | 181.95 SEK |
SHB-A Dividends
| Dividend Yield 12m | 6.36% |
| Yield on Cost 5y | 11.50% |
| Annual Growth 5y | 21.14% |
| Payout Consistency | 86.8% |
| Payout Ratio | 44.8% |
SHB-A Growth Ratios
| Growth Correlation 3m | -79.1% |
| Growth Correlation 12m | 83.4% |
| Growth Correlation 5y | 94% |
| CAGR 5y | 13.30% |
| CAGR/Max DD 5y | 0.62 |
| Sharpe Ratio 12m | 0.83 |
| Alpha | 16.16 |
| Beta | 0.450 |
| Volatility | 22.18% |
| Current Volume | 2318.8k |
| Average Volume 20d | 3029.1k |
| Stop Loss | 118.2 (-3.1%) |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (25.86b TTM) > 0 and > 6% of Revenue (6% = 3.61b TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA -1.21pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -950.9% (prev -175.8%; Δ -775.2pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 194.82b > Net Income 25.86b (YES >=105%, WARN >=100%) |
| Net Debt (939.54b) to EBITDA (10.59b) ratio: 88.69 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.50 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.98b) change vs 12m ago -0.00% (target <= -2.0% for YES) |
| Gross Margin 54.30% (prev 83.99%; Δ -29.69pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 1.63% (prev 2.56%; Δ -0.94pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.09 (EBITDA TTM 10.59b / Interest Expense TTM 106.10b) >= 6 (WARN >= 3) |
Altman Z'' -0.81
| (A) -0.16 = (Total Current Assets 574.26b - Total Current Liabilities 1145.73b) / Total Assets 3660.77b |
| (B) 0.04 = Retained Earnings (Balance) 161.65b / Total Assets 3660.77b |
| (C) 0.00 = EBIT TTM 9.06b / Avg Total Assets 3694.16b |
| (D) 0.05 = Book Value of Equity 164.71b / Total Liabilities 3472.22b |
| Total Rating: -0.81 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 45.95
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield 3.09% = 1.55 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 14.41 = -2.50 |
| 5. Debt/Ebitda 256.5 = -2.50 |
| 6. ROIC - WACC -0.85% = -1.06 |
| 7. RoE 13.20% = 1.10 |
| 8. Rev. Trend 18.29% = 0.91 |
| 9. Rev. CAGR 2.03% = 0.25 |
| 10. EPS Trend -5.08% = -0.13 |
| 11. EPS CAGR -1.38% = -0.17 |
As of August 12, 2025, the stock is trading at SEK 121.95 with a total of 2,318,846 shares traded.
Over the past week, the price has changed by +0.95%, over one month by -2.48%, over three months by -4.01% and over the past year by +26.58%.
No, based on ValueRay´s Fundamental Analyses, Svenska Handelsbanken (ST:SHB-A) is currently (August 2025) a stock to sell. It has a ValueRay Fundamental Rating of 45.95 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SHB-A is around 136.23 SEK . This means that SHB-A is currently undervalued and has a potential upside of +11.71% (Margin of Safety).
Svenska Handelsbanken has no consensus analysts rating.
According to our own proprietary Forecast Model, SHB-A Svenska Handelsbanken will be worth about 143.7 in August 2026. The stock is currently trading at 121.95. This means that the stock has a potential upside of +17.85%.
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 121.9 | -0.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 143.7 | 17.9% |
SHB-A Fundamental Data Overview
Market Cap SEK = 256.57b (256.57b SEK * 1.0 SEK.SEK)
CCE Cash And Equivalents = 631.77b SEK (Cash only, last quarter)
P/E Trailing = 9.0152
P/E Forward = 9.3023
P/S = 4.2311
P/B = 1.2439
P/EG = 31.016
Beta = 0.543
Revenue TTM = 60.10b SEK
EBIT TTM = 9.06b SEK
EBITDA TTM = 10.59b SEK
Long Term Debt = 1571.31b SEK (from longTermDebt, last quarter)
Short Term Debt = 1145.73b SEK (from totalCurrentLiabilities, last fiscal year)
Debt = 2717.04b SEK (Calculated: Short Term 1145.73b + Long Term 1571.31b)
Net Debt = 939.54b SEK (from netDebt column, last quarter)
Enterprise Value = 2341.85b SEK (256.57b + Debt 2717.04b - CCE 631.77b)
Interest Coverage Ratio = 0.09 (Ebit TTM 9.06b / Interest Expense TTM 106.10b)
FCF Yield = 3.09% (FCF TTM 72.36b / Enterprise Value 2341.85b)
[93m FCF Margin = 120.4% (FCF TTM 72.36b / Revenue TTM 60.10b)
[39m Net Margin = 43.04% (Net Income TTM 25.86b / Revenue TTM 60.10b)
Gross Margin = 54.30% ((Revenue TTM 60.10b - Cost of Revenue TTM 27.47b) / Revenue TTM)
Tobins Q-Ratio = 14.22 (Enterprise Value 2341.85b / Book Value Of Equity 164.71b)
Interest Expense / Debt = 0.82% (Interest Expense 22.33b / Debt 2717.04b)
Taxrate = 22.26% (from yearly Income Tax Expense: 7.79b / 35.02b)
NOPAT = 7.04b (EBIT 9.06b * (1 - 22.26%))
Current Ratio = 0.50 (Total Current Assets 574.26b / Total Current Liabilities 1145.73b)
Debt / Equity = 14.41 (Debt 2717.04b / last Quarter total Stockholder Equity 188.55b)
Debt / EBITDA = 256.5 (Net Debt 939.54b / EBITDA 10.59b)
Debt / FCF = 37.55 (Debt 2717.04b / FCF TTM 72.36b)
Total Stockholder Equity = 195.89b (last 4 quarters mean)
RoA = 0.71% (Net Income 25.86b, Total Assets 3660.77b )
RoE = 13.20% (Net Income TTM 25.86b / Total Stockholder Equity 195.89b)
RoCE = 0.51% (Ebit 9.06b / (Equity 195.89b + L.T.Debt 1571.31b))
RoIC = 0.39% (NOPAT 7.04b / Invested Capital 1785.04b)
WACC = 1.25% (E(256.57b)/V(2973.61b) * Re(7.67%)) + (D(2717.04b)/V(2973.61b) * Rd(0.82%) * (1-Tc(0.22)))
Shares Correlation 5-Years: 35.40 | Cagr: 0.0%
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 66.21% ; FCFE base≈90.95b ; Y1≈51.29b ; Y5≈17.27b
Fair Price DCF = 182.0 (DCF Value 353.86b / Shares Outstanding 1.94b; 5y FCF grow -50.0% → 2.90% )
Revenue Correlation: 18.29 | Revenue CAGR: 2.03%
Revenue Growth Correlation: -34.17%
EPS Correlation: -5.08 | EPS CAGR: -1.38%
EPS Growth Correlation: -84.76%