SHB-A Stock Analysis: Svenska Handelsbanken (publ) | ST
Banks - Diversified | ST, Sweden | Market Cap: 287.584m SEK | 12M Return: 39.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 617M
EPS Trend: -90.0%
Qual. Beats: 0
Rev. Trend: 62.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
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.
Svenska Handelsbanken AB (publ) is a Swedish banking group founded in 1871 and headquartered in Stockholm, operating across Sweden, the United Kingdom, Norway, the Netherlands, and additional international markets. It serves both private and corporate customers, offering personal and corporate banking, lending (including green loans), pensions, advisory, investment, and financing services. The company also provides capital markets and treasury-related offerings such as asset management, transaction banking, corporate finance, trade finance, cash management, and securities finance, alongside digital and private banking channels. As a large-cap diversified bank within the Financials sector, Handelsbanken generates revenue through a mix of net interest income from lending and fee-based income from payments, advisory, and asset management services.
- Riksbank rate cuts compress net interest margins
- Nordic commercial real estate loan losses escalate
- Capital returns continue with high payout ratio
| Net Income: 23.5b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.08 > 1.0 |
| NWC/Revenue: -542.3% < 20% (prev -538.8%; Δ -3.45% < -1%) |
| CFO/TA 0.02 > 3% & CFO 74.6b > Net Income 23.5b |
| Net Debt (1184b) to EBITDA (32.3b): 36.69 < 3 |
| Current Ratio: 0.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.98b) vs 12m ago 0.0% < -2% |
| Gross Margin: 42.21% > 18% (prev 36.20%; Δ 6.01% > 0.5%) |
| Asset Turnover: 3.56% > 50% (prev 4.54%; Δ -0.98% > 0%) |
| Interest Coverage Ratio: 0.39 > 6 (EBIT TTM 30.3b / Interest Expense TTM 77.5b) |
| A: -0.19 (Total Current Assets 606b - Total Current Liabilities 1333b) / Total Assets 3872b |
| B: 0.04 (Retained Earnings 150b / Total Assets 3872b) |
| C: 0.01 (EBIT TTM 30.3b / Avg Total Assets 3767b) |
| D: 0.05 (Book Value of Equity 184b / Total Liabilities 3688b) |
| Altman-Z'' = -1.00 = CCC |
| DSRI: 3.0 (Receivables 536.0m/221.0m, Revenue 134b/166b) |
| GMI: 0.86 (GM 36.20% / 42.21%) |
| AQI: 1.02 (AQ_t 0.84 / AQ_t-1 0.83) |
| SGI: 0.81 (Revenue 134b / 166b) |
| TATA: -0.01 (NI 23.5b - CFO 74.6b) / TA 3872b) |
| Beneish M = -1.64 (Cap -4..+1) = CCC |
As of July 29, 2026, the stock is trading at SEK 144.45 with a total of 4,130,338 shares traded. Over the past week, the price has changed by +3.85%, over one month by +2.01%, over three months by +11.20% and over the past year by +39.65%.
Current recommended Stop Loss: 140.00 (which is 3.1% or 1.9 ATR below the current price).
Svenska Handelsbanken (publ) has no consensus analysts rating.
P/E Trailing = 11.9741
P/E Forward = 13.6426
P/S = 5.1062
P/B = 1.5184
P/EG = 19.4793
Revenue TTM = 134b SEK
EBIT TTM = 30.3b SEK
EBITDA TTM = 32.3b SEK
Long Term Debt = 1463b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 751b SEK (from shortTermDebt, last fiscal year)
Debt = 1786b SEK (from shortLongTermDebtTotal, last quarter)
Net Debt = 1184b SEK (calculated: Debt 1786b - CCE 602b)
Enterprise Value = 1471b SEK (288b + Debt 1786b - CCE 602b)
Interest Coverage Ratio = 0.39 (Ebit TTM 30.3b / Interest Expense TTM 77.5b)
EV/FCF = 19.85x (Enterprise Value 1471b / FCF TTM 74.1b)
FCF Yield = 5.04% (FCF TTM 74.1b / Enterprise Value 1471b)
FCF Margin = 55.27% (FCF TTM 74.1b / Revenue TTM 134b)
Net Margin = 17.53% (Net Income TTM 23.5b / Revenue TTM 134b)
Gross Margin = 42.21% ((Revenue TTM 134b - Cost of Revenue TTM 77.5b) / Revenue TTM)
Gross Margin QoQ = 40.67% (prev 45.62%)
Tobins Q-Ratio = 0.38 (Enterprise Value 1471b / Total Assets 3872b)
Interest Expense / Debt = 4.34% (Interest Expense 77.5b / Debt 1786b)
Taxrate = 21.82% (6.62b / 30.3b)
NOPAT = 23.7b (EBIT 30.3b * (1 - 21.82%))
Current Ratio = 0.45 (Total Current Assets 606b / Total Current Liabilities 1333b)
Debt / Equity = 9.68 (Debt 1786b / totalStockholderEquity, last quarter 184b)
Debt / EBITDA = 36.69 (Net Debt 1184b / EBITDA 32.3b)
Debt / FCF = 15.97 (Net Debt 1184b / FCF TTM 74.1b)
Total Stockholder Equity = 188b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.62% (Net Income 23.5b / Total Assets 3872b)
RoE = 12.52% (Net Income TTM 23.5b / Total Stockholder Equity 188b)
RoCE = 1.84% (EBIT 30.3b / Capital Employed (Equity 188b + L.T.Debt 1463b))
RoIC = 0.72% (NOPAT 23.7b / Invested Capital 3283b)
WACC = 3.93% (E(288b)/V(2073b) * Re(7.30%) + D(1786b)/V(2073b) * Rd(4.34%) * (1-Tc(0.22)))
Discount Rate = 7.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -30.79 | Cagr: -0.00%
[DCF] Terminal Value 75.63% ; FCFF base≈73.7b ; Y1≈74.9b ; Y5≈81.3b
[DCF] Fair Price = 39.70 (EV 1261b - Net Debt 1184b = Equity 77.2b / Shares 1.94b; r=8.35% [WACC [floored]]; 5y FCF grow 1.47% → 2.50% )
EPS Correlation: -90.01 | EPS CAGR: -6.24% | SUE: -0.73 | # QB: 0
Revenue Correlation: 62.77 | Revenue CAGR: 16.50% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.95 | Chg30d=-0.59% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=11.29 | Chg30d=-1.17% | Revisions=+38% | GrowthEPS=-9.0% | GrowthRev=-1.3%
EPS next Year (2027-12-31): EPS=11.83 | Chg30d=-0.54% | Revisions=+38% | GrowthEPS=+4.7% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +53% (up=10, down=2)