SSAB-A Stock Analysis: SSAB (publ) | ST
Steel | ST, Sweden | Market Cap: 99.961m SEK | 12M Return: 73.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 58.4M
EPS Trend: -88.8%
Qual. Beats: 0
Rev. Trend: -95.7%
Qual. Beats: 2
Warnings
No concerns identified
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.
SSAB AB (publ) is a Swedish steel producer founded in 1878 and headquartered in Stockholm. The company manufactures and sells steel products across Europe, the Americas, and Asia through five operating segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. Its portfolio spans quenched and tempered steels, advanced high-strength steels (AHSS), heavy plate, strip, tubular products, metal distribution, and building solutions.
SSAB markets its products under numerous specialty brands such as Hardox, Strenx, Docol, Toolox, and GreenCoat, and serves end markets including heavy transport, automotive, construction machinery, energy, construction, and protection. The company is a vertically integrated producer, which is typical of large-scale steelmakers, controlling processes from raw material processing through finished and coated products.
The steel sector is capital-intensive and historically among the most CO2-intensive industrial segments, making decarbonization a strategic priority. SSAB is positioned as a participant in this transition, offering a fossil-free steel product line that addresses growing customer demand for low-emission materials, particularly from European automotive and construction buyers facing tightening emissions standards.
- European HRC steel prices weaken on soft construction demand
- Fossil-free HYBRIT steel secures premium pricing and EU backing
- SSAB Americas heavy plate volumes rise on US infrastructure boom
| Net Income: 5.61b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 0.87 > 1.0 |
| NWC/Revenue: 40.02% < 20% (prev 41.30%; Δ -1.28% < -1%) |
| CFO/TA 0.11 > 3% & CFO 12.2b > Net Income 5.61b |
| Net Debt (-5.34b) to EBITDA (11.6b): -0.46 < 3 |
| Current Ratio: 2.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (996.6m) vs 12m ago 0.0% < -2% |
| Gross Margin: 14.02% > 18% (prev 11.89%; Δ 2.13% > 0.5%) |
| Asset Turnover: 91.44% > 50% (prev 96.73%; Δ -5.29% > 0%) |
| Interest Coverage Ratio: 12.04 > 6 (EBIT TTM 7.49b / Interest Expense TTM 622.0m) |
| A: 0.35 (Total Current Assets 66.7b - Total Current Liabilities 27.5b) / Total Assets 112b |
| B: 0.24 (Retained Earnings 26.7b / Total Assets 112b) |
| C: 0.07 (EBIT TTM 7.49b / Avg Total Assets 107b) |
| D: 1.74 (Book Value of Equity 70.8b / Total Liabilities 40.8b) |
| Altman-Z'' = 5.38 = AAA |
| DSRI: 1.20 (Receivables 16.4b/13.9b, Revenue 97.9b/99.1b) |
| GMI: 0.85 (GM 11.89% / 14.02%) |
| AQI: 1.01 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 0.99 (Revenue 97.9b / 99.1b) |
| TATA: -0.06 (NI 5.61b - CFO 12.2b) / TA 112b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of July 29, 2026, the stock is trading at SEK 98.98 with a total of 592,911 shares traded. Over the past week, the price has changed by -0.12%, over one month by +10.84%, over three months by +21.25% and over the past year by +73.78%.
Current recommended Stop Loss: 90.10 (which is 9% or 2.7 ATR below the current price).
SSAB (publ) has no consensus analysts rating.
P/E Trailing = 17.847
P/E Forward = 15.8983
P/S = 1.0211
P/B = 1.3672
P/EG = 4.3803
Revenue TTM = 97.9b SEK
EBIT TTM = 7.49b SEK
EBITDA TTM = 11.6b SEK
Long Term Debt = 7.25b SEK (from longTermDebt, last quarter)
Short Term Debt = 973.0m SEK (from shortTermDebt, last quarter)
Debt = 14.3b SEK (from shortLongTermDebtTotal, last quarter) + Leases 3.46b
Net Debt = -5.34b SEK (calculated: Debt 14.3b - CCE 19.7b)
Enterprise Value = 94.6b SEK (100.0b + Debt 14.3b - CCE 19.7b)
Interest Coverage Ratio = 12.04 (Ebit TTM 7.49b / Interest Expense TTM 622.0m)
EV/FCF = -1000.0x (Enterprise Value 94.6b / FCF TTM -26.0m)
FCF Yield = -0.03% (FCF TTM -26.0m / Enterprise Value 94.6b)
FCF Margin = -0.03% (FCF TTM -26.0m / Revenue TTM 97.9b)
Net Margin = 5.73% (Net Income TTM 5.61b / Revenue TTM 97.9b)
Gross Margin = 14.02% ((Revenue TTM 97.9b - Cost of Revenue TTM 84.2b) / Revenue TTM)
Gross Margin QoQ = 15.61% (prev 14.93%)
Tobins Q-Ratio = 0.85 (Enterprise Value 94.6b / Total Assets 112b)
Interest Expense / Debt = 4.34% (Interest Expense 622.0m / Debt 14.3b)
Taxrate = 23.45% (1.72b / 7.33b)
NOPAT = 5.73b (EBIT 7.49b * (1 - 23.45%))
Current Ratio = 2.42 (Total Current Assets 66.7b / Total Current Liabilities 27.5b)
Debt / Equity = 0.20 (Debt 14.3b / totalStockholderEquity, last quarter 70.8b)
Debt / EBITDA = -0.46 (Net Debt -5.34b / EBITDA 11.6b)
Debt / FCF = 205.3 (negative FCF - burning cash) (Net Debt -5.34b / FCF TTM -26.0m)
Total Stockholder Equity = 69.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.24% (Net Income 5.61b / Total Assets 112b)
RoE = 8.10% (Net Income TTM 5.61b / Total Stockholder Equity 69.2b)
RoCE = 9.79% (EBIT 7.49b / Capital Employed (Equity 69.2b + L.T.Debt 7.25b))
RoIC = 7.15% (NOPAT 5.73b / Invested Capital 80.2b)
WACC = 8.36% (E(100.0b)/V(114b) * Re(9.08%) + D(14.3b)/V(114b) * Rd(4.34%) * (1-Tc(0.23)))
Discount Rate = 9.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.31 | Cagr: -0.20%
[DCF] Fair Price = unknown (Cash Flow -26.0m)
EPS Correlation: -88.83 | EPS CAGR: -33.59% | SUE: -0.53 | # QB: 0
Revenue Correlation: -95.69 | Revenue CAGR: -8.38% | SUE: 0.87 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.72 | Chg30d=+5.81% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=7.78 | Chg30d=+7.88% | Revisions=+12% | GrowthEPS=+58.2% | GrowthRev=+6.8%
EPS next Year (2027-12-31): EPS=9.15 | Chg30d=+6.87% | Revisions=+67% | GrowthEPS=+17.6% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: +44% (up=10, down=3)