SAAB-B Stock Analysis: Saab (publ) | ST
Aerospace & Defense | ST, Sweden | Market Cap: 330.839m SEK | 12M Return: 9% | SE0021921269 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 722M
EPS Trend: 62.1%
Qual. Beats: 1
Rev. Trend: 99.7%
Qual. Beats: 1
Warnings
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.
Saab AB (publ) is a Swedish defense and security company headquartered in Stockholm, founded in 1937. It supplies products, services, and solutions for military defense, aviation, and civil security markets, with operations across Sweden, the United States, the United Kingdom, Germany, Australia, and other countries. The company operates through five business segments: Aeronautics (aerial systems and aviation technology), Dynamics (combat weapons, missiles, and training systems), Surveillance (radar, electronic warfare, combat systems, and C4I solutions), Kockums (submarines, surface combatants, and underwater vehicles), and Combitech (systems development, integration, security, and technical consulting). As a large-cap constituent of the Aerospace & Defense industry, Saab operates a vertically integrated defense business model spanning platforms, subsystems, and engineering services for both domestic and allied government customers.
- European defense spending surge drives order backlog growth
- Gripen fighter jet orders expand across emerging markets
- Kockums submarine contracts grow amid naval modernization push
| Net Income: 7.10b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.23 > 1.0 |
| NWC/Revenue: 17.50% < 20% (prev 22.48%; Δ -4.99% < -1%) |
| CFO/TA 0.11 > 3% & CFO 14.5b > Net Income 7.10b |
| Net Debt (7.00b) to EBITDA (11.3b): 0.62 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (541.2m) vs 12m ago 0.00% < -2% |
| Gross Margin: 22.02% > 18% (prev 21.68%; Δ 0.33% > 0.5%) |
| Asset Turnover: 73.03% > 50% (prev 66.08%; Δ 6.95% > 0%) |
| Interest Coverage Ratio: 12.87 > 6 (EBIT TTM 8.79b / Interest Expense TTM 683.0m) |
| A: 0.11 (Total Current Assets 83.3b - Total Current Liabilities 67.9b) / Total Assets 136b |
| B: 0.30 (Retained Earnings 41.0b / Total Assets 136b) |
| C: 0.07 (EBIT TTM 8.79b / Avg Total Assets 121b) |
| D: 0.59 (Book Value of Equity 50.2b / Total Liabilities 85.0b) |
| Altman-Z'' = 2.84 = A |
| DSRI: 0.96 (Receivables 41.2b/33.9b, Revenue 88.2b/70.0b) |
| GMI: 0.98 (GM 21.68% / 22.02%) |
| AQI: 1.05 (AQ_t 0.20 / AQ_t-1 0.19) |
| SGI: 1.26 (Revenue 88.2b / 70.0b) |
| TATA: -0.05 (NI 7.10b - CFO 14.5b) / TA 136b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of September 27, 2026, the stock is trading at SEK 622.70 with a total of 1,095,693 shares traded. Over the past week, the price has changed by +3.16%, over one month by -2.43%, over three months by +27.25% and over the past year by +9.04%.
Current recommended Stop Loss: 599.00 (which is 3.8% or 1.3 ATR below the current price).
Saab (publ) has no consensus analysts rating.
P/E Trailing = 46.7072
P/E Forward = 33.557
P/S = 3.7516
P/B = 6.7828
P/EG = 1.5119
Revenue TTM = 88.2b SEK
EBIT TTM = 8.79b SEK
EBITDA TTM = 11.3b SEK
Long Term Debt = 8.77b SEK (from longTermDebt, last quarter)
Short Term Debt = 1.15b SEK (from shortTermDebt, last quarter)
Debt = 19.7b SEK (from shortLongTermDebtTotal, last quarter) + Leases 5.29b
Net Debt = 7.00b SEK (calculated: Debt 19.7b - CCE 12.8b)
Enterprise Value = 338b SEK (331b + Debt 19.7b - CCE 12.8b)
Interest Coverage Ratio = 12.87 (Ebit TTM 8.79b / Interest Expense TTM 683.0m)
EV/FCF = 51.38x (Enterprise Value 338b / FCF TTM 6.58b)
FCF Yield = 1.95% (FCF TTM 6.58b / Enterprise Value 338b)
FCF Margin = 7.46% (FCF TTM 6.58b / Revenue TTM 88.2b)
Net Margin = 8.05% (Net Income TTM 7.10b / Revenue TTM 88.2b)
Gross Margin = 22.02% ((Revenue TTM 88.2b - Cost of Revenue TTM 68.8b) / Revenue TTM)
Gross Margin QoQ = 22.58% (prev 23.35%)
Tobins Q-Ratio = 2.49 (Enterprise Value 338b / Total Assets 136b)
Interest Expense / Debt = 3.46% (Interest Expense 683.0m / Debt 19.7b)
Taxrate = 20.61% (1.86b / 9.04b)
NOPAT = 6.98b (EBIT 8.79b * (1 - 20.61%))
Current Ratio = 1.23 (Total Current Assets 83.3b / Total Current Liabilities 67.9b)
Debt / Equity = 0.39 (Debt 19.7b / totalStockholderEquity, last quarter 50.2b)
Debt / EBITDA = 0.62 (Net Debt 7.00b / EBITDA 11.3b)
Debt / FCF = 1.06 (Net Debt 7.00b / FCF TTM 6.58b)
Total Stockholder Equity = 44.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.88% (Net Income 7.10b / Total Assets 136b)
RoE = 15.85% (Net Income TTM 7.10b / Total Stockholder Equity 44.8b)
RoCE = 16.42% (EBIT 8.79b / Capital Employed (Equity 44.8b + L.T.Debt 8.77b))
RoIC = 10.83% (NOPAT 6.98b / Invested Capital 64.4b)
WACC = 4.93% (E(331b)/V(351b) * Re(5.06%) + D(19.7b)/V(351b) * Rd(3.46%) * (1-Tc(0.21)))
Discount Rate = 5.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.58 | Cagr: 0.14%
[DCF] Terminal Value 77.97% ; FCFF base≈6.09b ; Y1≈6.99b ; Y5≈10.3b
[DCF] Fair Price = 279.2 (EV 155b - Net Debt 7.00b = Equity 148b / Shares 529.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 62.08 | EPS CAGR: 20.29% | SUE: 1.77 | # QB: 1
Revenue Correlation: 99.73 | Revenue CAGR: 23.29% | SUE: 1.73 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.41 | Chg30d=+4.59% | Revisions=+62% | Analysts=6
EPS current Year (2026-12-31): EPS=14.91 | Chg30d=+0.01% | Revisions=+0% | GrowthEPS=+27.5% | GrowthRev=+23.7%
EPS next Year (2027-12-31): EPS=18.93 | Chg30d=-0.05% | Revisions=-25% | GrowthEPS=+26.1% | GrowthRev=+21.4%
[Analyst] Revisions Ratio: +36% (up=6, down=2)