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⚠️ Not investment advice. Past performance does not guarantee future results.
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SAAB SAAB-B.ST

Sweden Industrials
5.8/10
AI Analyst score
623.50 SEK
Last price at analysis date · analyst target 629.21 (+0.9%)
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🟡 HOLD — Hold; growth and defense demand are strong, but valuation limits upside potential.

SAAB AB is a Swedish defense and security company that designs and manufactures military and civil systems, including aircraft, submarines, and radar systems, with the Swedish government as its main customer. Saab shows exceptional growth (revenues +28.6%, earnings +39.9%) and solid financial health (ND/EBITDA 0.15), but its valuation is demanding (P/E 47.45) and the dividend is low (0.33%).

Financial health
7.3
Quality / Moat
6.0
Valuation
1.7
Growth
8.9
Dividend
3.7
Momentum
6.6
Risk & Context
8.9

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E47.45
Fwd P/E62.66
EV/EBITDA31.17
P/B6.69
P/S3.81
PEG1.49
Market cap335.85 B SEK
Enterprise value337.42 B SEK
🏰 Quality and moat
ROIC (approx.)14.9%
Gross margin22.02%
FCF conversion69%
Operating margin10.95%
📈 Profitability and margins
ROE15.86%
ROA4.63%
Net margin8.05%
FCF7.51 B SEK
FCF yield2.24%
🏦 Solvency and liquidity
Total debt14.46 B SEK
Net debt1.60 B SEK
Cash12.86 B SEK
EBITDA10.83 B SEK
Net debt / EBITDA0.15
D/E28.58
Current ratio1.23
Quick ratio0.76
🚀 Growth
Revenue growth28.60%
Earnings growth39.90%
EPS (TTM)13.14 SEK
EPS (Fwd)9.95 SEK
💰 Dividend and risk
Dividend yield0.38%
Payout16.7%
Beta0.03
Analyst consensusHold (14)
Target price629.21 SEK
52-week range445.10 SEK – 748.80 SEK
⚠️ Main risk: The demanding valuation (P/E 47.45) and dependence on government contracts, with risk of cuts or delays in defense spending.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

SAAB AB is a Swedish defense and security company that designs and manufactures military and civil systems, including aircraft, submarines, and radar systems, with the Swedish government as its main customer. Saab shows exceptional growth (revenues +28.6%, earnings +39.9%) and solid financial health (ND/EBITDA 0.15), but its valuation is demanding (P/E 47.45) and the dividend is low (0.33%).

Score by category

CategoryScore
Financial health7.3
Quality / Moat6.0
Valuation1.7
Growth8.9
Dividend3.7
Momentum6.6
Risk & Context8.9

OVERALL SCORE: 5.8/10

Context and risks

The increase in European defense spending, driven by geopolitical tension, benefits Saab, but competition from players like Lockheed Martin in Sweden and dependence on government contracts add risk. Rising rates affect its valuation due to its high P/E.

News considered in the analysis

  • Analysis-Volkswagen's Seat on the brink as Chinese rivals gain ground — Noticia sobre un competidor indirecto en automoción, sin impacto directo en Saab.
  • Lockheed's $729 Million HIMARS Win Feeds a 19% Missile-Sales Surge — Refuerza el entorno de gasto en defensa en Europa, del que Saab es beneficiario directo.
  • Lockheed Martin (LMT)’s HIMARS Win in Sweden Strengthens its European Defense Footprint — Indica competencia en el mercado sueco, pero también valida el aumento del gasto en defensa en la región.
  • Omda AS (STU:6Q1) (Q2 2026) Earnings Call Highlights: Strong Organic Growth and Strategic Saab ... — Menciona una relación estratégica con Saab, sugiriendo posibles sinergias o expansión en salud digital.
  • Is Saab (OM:SAAB B) Trading At A Premium To Fair Value? — Artículo de opinión sobre valoración, sin información nueva.

Verdict: Hold; growth and defense demand are strong, but valuation limits upside potential.

Main risk: The demanding valuation (P/E 47.45) and dependence on government contracts, with risk of cuts or delays in defense spending.

Other Industrials companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.