(SSAB-B) SSAB (publ) - ST
Sector: Basic Materials | Industry: Steel | Exchange: ST (Sweden) | Market Cap: 92.264m SEK | Total Return: 70.8% in 12m
Avg Turnover: 272M
EPS Trend: -94.4%
Qual. Beats: 0
Rev. Trend: -98.4%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality
SSAB AB (publ) is a Swedish steel producer founded in 1878 and headquartered in Stockholm, with operations spanning Sweden, Finland, Germany, Poland, Denmark, the United States, and other international markets. The company is organized into five segments-SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction-covering the production, sale, and distribution of steel and non-ferrous metals. As a large-cap player in the global steel sector, a capital-intensive and cyclical industry linked to construction, automotive, and heavy machinery demand, SSAB distinguishes itself through its early-mover position in commercializing fossil-free steel.
Its product range includes quenched and tempered steels, advanced high-strength steel, strip, heavy plate, and tubular products, sold under brands such as Strenx, Hardox, Docol, GreenCoat, Toolox, Armox, and Duroxite. SSAB serves end markets including heavy transport, automotive, material handling, construction machinery, energy, construction, protection, and tooling, reaching customers through direct sales channels, service centers, and third-party distributors.
- US Section 232 tariffs bolster SSAB Americas plate pricing
- Weak European construction demand pressures SSAB Europe volumes
- Fossil-free HYBRIT steel rollout demands heavy capex spend
| Net Income: 5.38b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -4.84 > 1.0 |
| NWC/Revenue: 41.20% < 20% (prev 43.64%; Δ -2.45% < -1%) |
| CFO/TA 0.10 > 3% & CFO 11.2b > Net Income 5.38b |
| Net Debt (-6.67b) to EBITDA (11.1b): -0.60 < 3 |
| Current Ratio: 2.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (996.6m) vs 12m ago 0.0% < -2% |
| Gross Margin: 13.71% > 18% (prev 12.52%; Δ 1.19% > 0.5%) |
| Asset Turnover: 90.27% > 50% (prev 97.64%; Δ -7.36% > 0%) |
| Interest Coverage Ratio: 11.19 > 6 (EBIT TTM 6.96b / Interest Expense TTM 622.0m) |
| A: 0.36 (Total Current Assets 65.2b - Total Current Liabilities 25.6b) / Total Assets 108b |
| B: 0.24 (Retained Earnings 26.5b / Total Assets 108b) |
| C: 0.07 (EBIT TTM 6.96b / Avg Total Assets 106b) |
| D: 1.83 (Book Value of Equity 70.1b / Total Liabilities 38.4b) |
| Altman-Z'' = 5.55 = AAA |
| DSRI: 1.12 (Receivables 16.3b/15.5b, Revenue 96.0b/102b) |
| GMI: 0.91 (GM 12.52% / 13.71%) |
| AQI: 1.05 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 0.94 (Revenue 96.0b / 102b) |
| TATA: -0.05 (NI 5.38b - CFO 11.2b) / TA 108b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of June 28, 2026, the stock is trading at SEK 91.40 with a total of 1,867,454 shares traded. Over the past week, the price has changed by -2.99%, over one month by -1.36%, over three months by +27.74% and over the past year by +70.76%.
Current recommended Stop Loss: 87.80 (which is 3.9% or 1.3 ATR below the current price).
SSAB (publ) has no consensus analysts rating.
P/E Trailing = 17.1259
P/E Forward = 15.5521
P/S = 0.9608
P/B = 1.3522
P/EG = 3.7631
Revenue TTM = 96.0b SEK
EBIT TTM = 6.96b SEK
EBITDA TTM = 11.1b SEK
Long Term Debt = 7.20b SEK (from longTermDebt, last quarter)
Short Term Debt = 2.19b SEK (from shortTermDebt, last quarter)
Debt = 14.5b SEK (from shortLongTermDebtTotal, last quarter) + Leases 2.97b
Net Debt = -6.67b SEK (calculated: Debt 14.5b - CCE 21.2b)
Enterprise Value = 85.6b SEK (92.3b + Debt 14.5b - CCE 21.2b)
Interest Coverage Ratio = 11.19 (Ebit TTM 6.96b / Interest Expense TTM 622.0m)
EV/FCF = -26.12x (Enterprise Value 85.6b / FCF TTM -3.28b)
FCF Yield = -3.83% (FCF TTM -3.28b / Enterprise Value 85.6b)
FCF Margin = -3.41% (FCF TTM -3.28b / Revenue TTM 96.0b)
Net Margin = 5.60% (Net Income TTM 5.38b / Revenue TTM 96.0b)
Gross Margin = 13.71% ((Revenue TTM 96.0b - Cost of Revenue TTM 82.9b) / Revenue TTM)
Gross Margin QoQ = 14.93% (prev 10.48%)
Tobins Q-Ratio = 0.79 (Enterprise Value 85.6b / Total Assets 108b)
Interest Expense / Debt = 4.29% (Interest Expense 622.0m / Debt 14.5b)
Taxrate = 21.62% (1.48b / 6.86b)
NOPAT = 5.46b (EBIT 6.96b * (1 - 21.62%))
Current Ratio = 2.55 (Total Current Assets 65.2b / Total Current Liabilities 25.6b)
Debt / Equity = 0.21 (Debt 14.5b / totalStockholderEquity, last quarter 70.1b)
Debt / EBITDA = -0.60 (Net Debt -6.67b / EBITDA 11.1b)
Debt / FCF = 2.03 (negative FCF - burning cash) (Net Debt -6.67b / FCF TTM -3.28b)
Total Stockholder Equity = 68.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.06% (Net Income 5.38b / Total Assets 108b)
RoE = 7.88% (Net Income TTM 5.38b / Total Stockholder Equity 68.2b)
RoCE = 9.23% (EBIT 6.96b / Capital Employed (Equity 68.2b + L.T.Debt 7.20b))
RoIC = 6.80% (NOPAT 5.46b / Invested Capital 80.3b)
WACC = 8.27% (E(92.3b)/V(107b) * Re(9.04%) + D(14.5b)/V(107b) * Rd(4.29%) * (1-Tc(0.22)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.60 | Cagr: -1.13%
[DCF] Fair Price = unknown (Cash Flow -3.28b)
EPS Correlation: -94.40 | EPS CAGR: -38.35% | SUE: -0.63 | # QB: 0
Revenue Correlation: -98.45 | Revenue CAGR: -9.28% | SUE: 1.22 | # QB: 1
EPS current Quarter (2026-06-30): EPS=2.20 | Chg30d=+10.00% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.70 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=7.30 | Chg30d=-5.44% | Revisions=-33% | GrowthEPS=+48.3% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=8.58 | Chg30d=+12.64% | Revisions=+33% | GrowthEPS=+17.6% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -33%