VOLV-B Stock Analysis: AB Volvo (publ) | ST
Farm & Heavy Construction Machinery | ST, Sweden | Market Cap: 641.351m SEK | 12M Return: 23.9% | SE0000115446 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.02B
EPS Trend: -93.4%
Qual. Beats: 1
Rev. Trend: -94.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
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.
AB Volvo (publ) is a Swedish industrial manufacturer founded in 1915 and headquartered in Gothenburg, producing trucks, buses, construction equipment, and marine and industrial engines for global markets. The company operates through six segments covering its core industrial operations (Trucks, Construction Equipment, Buses, Volvo Penta), corporate functions, and Financial Services, distributing products through a worldwide dealer network. Its brand portfolio includes Volvo, Renault Trucks, Mack, Eicher, Dongfeng Trucks, Prevost, Volvo Bus, SDLG, Rokbak, and Volvo Penta.
Beyond equipment manufacturing, Volvo generates recurring revenue from customer support agreements, financing, leasing, insurance, rentals, spare parts, repairs, preventive maintenance, and uptime services. Customers are primarily concentrated in transportation, infrastructure, construction, marine, industrial, and public transportation industries, giving the business significant exposure to global capital investment and freight cycles.
The heavy-duty truck and construction equipment industry is capital-intensive and cyclical, with demand closely tied to freight volumes, construction activity, and infrastructure spending. Volvo competes alongside other global manufacturers in a market that is currently undergoing a structural shift toward electrified and alternative-fuel powertrains in response to emissions regulations and fleet decarbonization targets.
- North American heavy-duty truck orders surge on freight demand
- EU CO2 regulations accelerate zero-emission truck investments
- Service revenue growth expands truck segment margins
| Net Income: 35.8b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.53 > 1.0 |
| NWC/Revenue: 6.14% < 20% (prev 6.56%; Δ -0.42% < -1%) |
| CFO/TA 0.07 > 3% & CFO 49.8b > Net Income 35.8b |
| Net Debt (221b) to EBITDA (74.7b): 2.96 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.03b) vs 12m ago 0.0% < -2% |
| Gross Margin: 25.34% > 18% (prev 25.16%; Δ 0.18% > 0.5%) |
| Asset Turnover: 69.53% > 50% (prev 73.80%; Δ -4.27% > 0%) |
| Interest Coverage Ratio: 29.05 > 6 (EBIT TTM 51.2b / Interest Expense TTM 1.76b) |
| A: 0.04 (Total Current Assets 310b - Total Current Liabilities 281b) / Total Assets 679b |
| B: 0.26 (Retained Earnings 180b / Total Assets 679b) |
| C: 0.08 (EBIT TTM 51.2b / Avg Total Assets 678b) |
| D: 0.35 (Book Value of Equity 177b / Total Liabilities 502b) |
| Altman-Z'' = 2.02 = BBB |
| DSRI: 1.12 (Receivables 176b/166b, Revenue 472b/500b) |
| GMI: 0.99 (GM 25.16% / 25.34%) |
| AQI: 1.02 (AQ_t 0.35 / AQ_t-1 0.34) |
| SGI: 0.94 (Revenue 472b / 500b) |
| TATA: -0.02 (NI 35.8b - CFO 49.8b) / TA 679b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of October 13, 2026, the stock is trading at SEK 316.40 with a total of 1,651,293 shares traded. Over the past week, the price has changed by +1.22%, over one month by -5.66%, over three months by -5.64% and over the past year by +23.93%.
Current recommended Stop Loss: 308.00 (which is 2.7% or 1.4 ATR below the current price).
AB Volvo (publ) has no consensus analysts rating.
P/E Trailing = 17.89
P/E Forward = 12.5313
P/S = 1.3601
P/B = 3.7693
P/EG = 0.952
Revenue TTM = 472b SEK
EBIT TTM = 51.2b SEK
EBITDA TTM = 74.7b SEK
Long Term Debt = 151b SEK (from longTermDebt, last quarter)
Short Term Debt = 109b SEK (from shortTermDebt, last quarter)
Debt = 268b SEK (from shortLongTermDebtTotal, last quarter) + Leases 7.97b
Net Debt = 221b SEK (calculated: Debt 268b - CCE 47.1b)
Enterprise Value = 863b SEK (641b + Debt 268b - CCE 47.1b)
Interest Coverage Ratio = 29.05 (Ebit TTM 51.2b / Interest Expense TTM 1.76b)
EV/FCF = 37.04x (Enterprise Value 863b / FCF TTM 23.3b)
FCF Yield = 2.70% (FCF TTM 23.3b / Enterprise Value 863b)
FCF Margin = 4.94% (FCF TTM 23.3b / Revenue TTM 472b)
Net Margin = 7.60% (Net Income TTM 35.8b / Revenue TTM 472b)
Gross Margin = 25.34% ((Revenue TTM 472b - Cost of Revenue TTM 352b) / Revenue TTM)
Gross Margin QoQ = 25.70% (prev 25.93%)
Tobins Q-Ratio = 1.27 (Enterprise Value 863b / Total Assets 679b)
Interest Expense / Debt = 0.66% (Interest Expense 1.76b / Debt 268b)
Taxrate = 26.86% (13.2b / 49.1b)
NOPAT = 37.5b (EBIT 51.2b * (1 - 26.86%))
Current Ratio = 1.10 (Total Current Assets 310b / Total Current Liabilities 281b)
Debt / Equity = 1.52 (Debt 268b / totalStockholderEquity, last quarter 177b)
Debt / EBITDA = 2.96 (Net Debt 221b / EBITDA 74.7b)
Debt / FCF = 9.50 (Net Debt 221b / FCF TTM 23.3b)
Total Stockholder Equity = 179b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.29% (Net Income 35.8b / Total Assets 679b)
RoE = 19.98% (Net Income TTM 35.8b / Total Stockholder Equity 179b)
RoCE = 15.52% (EBIT 51.2b / Capital Employed (Equity 179b + L.T.Debt 151b))
RoIC = 7.75% (NOPAT 37.5b / Invested Capital 484b)
WACC = 5.83% (E(641b)/V(910b) * Re(8.07%) + D(268b)/V(910b) * Rd(0.66%) * (1-Tc(0.27)))
Discount Rate = 8.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -19.00 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈21.8b ; Y1≈25.0b ; Y5≈36.9b
[DCF] Fair Price = 209.3 (EV 555b - Net Debt 221b = Equity 333b / Shares 1.59b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -93.44 | EPS CAGR: -18.37% | SUE: 0.98 | # QB: 1
Revenue Correlation: -94.89 | Revenue CAGR: -6.42% | SUE: 0.41 | # QB: 0
EPS current Quarter (2026-09-30): EPS=5.56 | Chg30d=-0.45% | Revisions=+38% | Analysts=6
EPS current Year (2026-12-31): EPS=21.61 | Chg30d=-0.04% | Revisions=+17% | GrowthEPS=+20.6% | GrowthRev=+4.6%
EPS next Year (2027-12-31): EPS=25.90 | Chg30d=+1.49% | Revisions=+29% | GrowthEPS=+19.8% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +40% (up=9, down=3)