SWED-A Stock Analysis: Swedbank (publ) | ST
Banks - Regional | ST, Sweden | Market Cap: 450.272m SEK | 12M Return: 56% | SE0000242455 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 724M
EPS Trend: -62.4%
Qual. Beats: 0
Rev. Trend: -50.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
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.
Swedbank AB (publ) is a major Swedish bank providing retail and corporate banking products and services across the Nordic and Baltic regions, as well as in Norway, Finland, Denmark, Luxembourg, the United States, and China. Founded in 1820 and headquartered in Sundbyberg, Sweden, the company operates through four reporting segments: Swedish Banking, Baltic Banking, Corporates and Institutions, and Premium and Private Banking.
The bank follows a universal banking model, combining traditional retail banking with corporate, institutional, and capital markets services. Its offerings span savings and investment products (including mutual funds, pension savings, and asset management), lending (residential, consumer, corporate, leasing, and mortgage), payment and card services, equity and fixed income trading, structured products, corporate finance, custody, private banking, pension and personal insurance, and transaction banking, supported by internet and mobile banking channels.
Classified within the GICS Financials sector under Regional Banks, Swedbank has a particularly strong historical footprint in the Baltic states, where its Baltic Banking segment makes it one of the largest banking groups in Estonia, Latvia, and Lithuania. The company was formerly known as ForeningsSparbanken AB before adopting its current name in September 2006.
- Baltic Banking profit growth drives earnings as Nordic margins compress
- Swedish mortgage lending volume pressured by housing market weakness and competition
- Net interest margin expands on Riksbank rate hikes and deposit repricing
- Capital returns accelerate with higher dividend payout and buyback program
| Net Income: 31.2b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -2.13 > 1.0 |
| NWC/Revenue: -922.6% < 20% (prev -854.8%; Δ -67.80% < -1%) |
| CFO/TA -0.01 > 3% & CFO -31.9b > Net Income 31.2b |
| Net Debt (625b) to EBITDA (41.5b): 15.06 < 3 |
| Current Ratio: 0.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.13b) vs 12m ago 0.09% < -2% |
| Gross Margin: 60.45% > 18% (prev 54.57%; Δ 5.88% > 0.5%) |
| Asset Turnover: 3.58% > 50% (prev 4.17%; Δ -0.59% > 0%) |
| Interest Coverage Ratio: 0.92 > 6 (EBIT TTM 39.1b / Interest Expense TTM 42.4b) |
| A: -0.32 (Total Current Assets 396b - Total Current Liabilities 1458b) / Total Assets 3307b |
| B: 0.05 (Retained Earnings 161b / Total Assets 3307b) |
| C: 0.01 (EBIT TTM 39.1b / Avg Total Assets 3220b) |
| D: 0.07 (Book Value of Equity 207b / Total Liabilities 3100b) |
| Altman-Z'' = -1.80 = D |
As of October 06, 2026, the stock is trading at SEK 406.50 with a total of 1,417,888 shares traded. Over the past week, the price has changed by -1.09%, over one month by +4.66%, over three months by +10.64% and over the past year by +55.96%.
Current recommended Stop Loss: 394.60 (which is 2.9% or 1.7 ATR below the current price).
Swedbank (publ) has no consensus analysts rating.
P/E Trailing = 14.7969
P/E Forward = 14.3472
P/S = 6.5081
P/B = 2.2182
P/EG = 7.5555
Revenue TTM = 115b SEK
EBIT TTM = 39.1b SEK
EBITDA TTM = 41.5b SEK
Long Term Debt = 657b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 257b SEK (from shortTermDebt, last fiscal year)
Debt = 1020b SEK (from shortLongTermDebtTotal, last quarter)
Net Debt = 625b SEK (calculated: Debt 1020b - CCE 396b)
Enterprise Value = 1075b SEK (450b + Debt 1020b - CCE 396b)
Interest Coverage Ratio = 0.92 (Ebit TTM 39.1b / Interest Expense TTM 42.4b)
EV/FCF = -33.16x (Enterprise Value 1075b / FCF TTM -32.4b)
FCF Yield = -3.02% (FCF TTM -32.4b / Enterprise Value 1075b)
FCF Margin = -28.15% (FCF TTM -32.4b / Revenue TTM 115b)
Net Margin = 27.11% (Net Income TTM 31.2b / Revenue TTM 115b)
Gross Margin = 60.45% ((Revenue TTM 115b - Cost of Revenue TTM 45.5b) / Revenue TTM)
Gross Margin QoQ = 61.43% (prev 63.00%)
Tobins Q-Ratio = 0.33 (Enterprise Value 1075b / Total Assets 3307b)
Interest Expense / Debt = 4.16% (Interest Expense 42.4b / Debt 1020b)
Taxrate = 20.61% (8.10b / 39.3b)
NOPAT = 31.0b (EBIT 39.1b * (1 - 20.61%))
Current Ratio = 0.27 (Total Current Assets 396b / Total Current Liabilities 1458b)
Debt / Equity = 4.93 (Debt 1020b / totalStockholderEquity, last quarter 207b)
Debt / EBITDA = 15.06 (Net Debt 625b / EBITDA 41.5b)
Debt / FCF = -19.27 (negative FCF - burning cash) (Net Debt 625b / FCF TTM -32.4b)
Total Stockholder Equity = 212b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.97% (Net Income 31.2b / Total Assets 3307b)
RoE = 14.70% (Net Income TTM 31.2b / Total Stockholder Equity 212b)
RoCE = 4.50% (EBIT 39.1b / Capital Employed (Equity 212b + L.T.Debt 657b))
RoIC = 1.48% (NOPAT 31.0b / Invested Capital 2100b)
WACC = 4.40% (E(450b)/V(1471b) * Re(6.89%) + D(1020b)/V(1471b) * Rd(4.16%) * (1-Tc(0.21)))
Discount Rate = 6.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.71 | Cagr: 0.08%
[DCF] Fair Price = unknown (Cash Flow -32.4b)
EPS Correlation: -62.43 | EPS CAGR: -2.62% | SUE: -0.44 | # QB: 0
Revenue Correlation: -50.23 | Revenue CAGR: -5.04% | SUE: 0.53 | # QB: 0
EPS current Quarter (2026-09-30): EPS=7.47 | Chg30d=-0.43% | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=27.76 | Chg30d=-0.32% | Revisions=-12% | GrowthEPS=-4.2% | GrowthRev=+4.6%
EPS next Year (2027-12-31): EPS=31.26 | Chg30d=+3.60% | Revisions=+12% | GrowthEPS=+12.6% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +7% (up=6, down=5)