SAND Stock Analysis: Sandvik | ST
Specialty Industrial Machinery | ST, Sweden | Market Cap: 438.659m SEK | 12M Return: 48.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 614M
EPS Trend: 27.6%
Qual. Beats: -2
Rev. Trend: -25.4%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 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.
Sandvik AB is a Sweden-based engineering company that supplies products and solutions across three core areas: mining and rock excavation, metal cutting, and materials technology. Its offerings include drill rigs, loaders, and mining automation equipment; cutting tools and tooling systems; and metal powders, tungsten products, and related recycling services. The company sells to a broad range of end markets, including aerospace, automotive, mining, general engineering, and infrastructure, and is headquartered in Stockholm.
Sandvik operates a B2B industrial machinery and components model, with revenue exposure linked to both mining capital expenditure cycles and global manufacturing activity. Its materials technology segment provides a foothold in newer applications such as additive manufacturing, complementing the more cyclical heavy-equipment and tooling lines.
- Mining capex cycle drives rock solutions segment orders
- Manufacturing downturn pressures metal cutting tools revenue
- Tungsten price volatility impacts materials technology margins
| Net Income: 16.9b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.16 > 1.0 |
| NWC/Revenue: 24.77% < 20% (prev 22.50%; Δ 2.27% < -1%) |
| CFO/TA 0.11 > 3% & CFO 21.2b > Net Income 16.9b |
| Net Debt (39.2b) to EBITDA (31.1b): 1.26 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.26b) vs 12m ago -0.04% < -2% |
| Gross Margin: 40.34% > 18% (prev 40.72%; Δ -0.39% > 0.5%) |
| Asset Turnover: 71.66% > 50% (prev 70.01%; Δ 1.65% > 0%) |
| Interest Coverage Ratio: 12.64 > 6 (EBIT TTM 23.7b / Interest Expense TTM 1.87b) |
| A: 0.17 (Total Current Assets 82.0b - Total Current Liabilities 50.0b) / Total Assets 187b |
| B: 0.43 (Retained Earnings 80.3b / Total Assets 187b) |
| C: 0.13 (EBIT TTM 23.7b / Avg Total Assets 180b) |
| D: 1.16 (Book Value of Equity 100b / Total Liabilities 86.4b) |
| Altman-Z'' = 4.63 = AA |
| DSRI: 1.05 (Receivables 37.8b/33.8b, Revenue 129b/121b) |
| GMI: 1.01 (GM 40.72% / 40.34%) |
| AQI: 0.97 (AQ_t 0.41 / AQ_t-1 0.43) |
| SGI: 1.06 (Revenue 129b / 121b) |
| TATA: -0.02 (NI 16.9b - CFO 21.2b) / TA 187b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at SEK 352.50 with a total of 1,998,922 shares traded. Over the past week, the price has changed by +5.07%, over one month by -9.57%, over three months by -8.32% and over the past year by +48.16%.
Current recommended Stop Loss: 326.10 (which is 7.5% or 2.2 ATR below the current price).
Sandvik has no consensus analysts rating.
P/E Trailing = 26.0776
P/E Forward = 19.6464
P/S = 3.3974
P/B = 4.2959
P/EG = 2.2167
Revenue TTM = 129b SEK
EBIT TTM = 23.7b SEK
EBITDA TTM = 31.1b SEK
Long Term Debt = 27.7b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 5.10b SEK (from shortTermDebt, last fiscal year)
Debt = 42.8b SEK (from shortLongTermDebtTotal, last fiscal year) + Leases 5.65b
Net Debt = 39.2b SEK (calculated: Debt 42.8b - CCE 3.62b)
Enterprise Value = 478b SEK (439b + Debt 42.8b - CCE 3.62b)
Interest Coverage Ratio = 12.64 (Ebit TTM 23.7b / Interest Expense TTM 1.87b)
EV/FCF = 27.27x (Enterprise Value 478b / FCF TTM 17.5b)
FCF Yield = 3.67% (FCF TTM 17.5b / Enterprise Value 478b)
FCF Margin = 13.57% (FCF TTM 17.5b / Revenue TTM 129b)
Net Margin = 13.05% (Net Income TTM 16.9b / Revenue TTM 129b)
Gross Margin = 40.34% ((Revenue TTM 129b - Cost of Revenue TTM 77.0b) / Revenue TTM)
Gross Margin QoQ = 40.91% (prev 40.22%)
Tobins Q-Ratio = 2.56 (Enterprise Value 478b / Total Assets 187b)
Interest Expense / Debt = 4.37% (Interest Expense 1.87b / Debt 42.8b)
Taxrate = 24.80% (5.56b / 22.4b)
NOPAT = 17.8b (EBIT 23.7b * (1 - 24.80%))
Current Ratio = 1.64 (Total Current Assets 82.0b / Total Current Liabilities 50.0b)
Debt / Equity = 0.43 (Debt 42.8b / totalStockholderEquity, last quarter 100b)
Debt / EBITDA = 1.26 (Net Debt 39.2b / EBITDA 31.1b)
Debt / FCF = 2.23 (Net Debt 39.2b / FCF TTM 17.5b)
Total Stockholder Equity = 96.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.35% (Net Income 16.9b / Total Assets 187b)
RoE = 17.52% (Net Income TTM 16.9b / Total Stockholder Equity 96.2b)
RoCE = 19.10% (EBIT 23.7b / Capital Employed (Equity 96.2b + L.T.Debt 27.7b))
RoIC = 12.86% (NOPAT 17.8b / Invested Capital 138b)
WACC = 8.77% (E(439b)/V(481b) * Re(9.30%) + D(42.8b)/V(481b) * Rd(4.37%) * (1-Tc(0.25)))
Discount Rate = 9.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.20 | Cagr: -0.04%
[DCF] Terminal Value 75.21% ; FCFF base≈16.9b ; Y1≈18.3b ; Y5≈22.6b
[DCF] Fair Price = 226.2 (EV 323b - Net Debt 39.2b = Equity 284b / Shares 1.25b; r=8.77% [WACC]; 5y FCF grow 9.56% → 2.50% )
EPS Correlation: 27.59 | EPS CAGR: 1.40% | SUE: -1.77 | # QB: -2
Revenue Correlation: -25.42 | Revenue CAGR: -0.58% | SUE: 1.04 | # QB: 1
EPS current Quarter (2026-09-30): EPS=4.56 | Chg30d=-3.00% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=17.54 | Chg30d=+2.94% | Revisions=+62% | GrowthEPS=+44.1% | GrowthRev=+19.6%
EPS next Year (2027-12-31): EPS=19.26 | Chg30d=+4.41% | Revisions=+62% | GrowthEPS=+9.8% | GrowthRev=+11.5%
[Analyst] Revisions Ratio: +80% (up=12, down=0)