SSAB SSAB-A.ST
SwedenBasic Materials · SteelNasdaq Estocolmo · SEK
112.21 SEK (+12.6%)
14 analysts
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SSAB is a Nordic steel producer specializing in high-strength and coated steels, with an integrated model ranging from steel production to solutions for the construction, automotive and machinery sectors.
Listed on Nasdaq Estocolmo · Symbol SSAB-A.ST · STO: SSAB-A · Currency SEK
Key points
from its scores- ✓Good share-price trend8.6
- ✓Very solid balance sheet8.0
- ✕Little competitive advantage3.2
- !Risks to watch5.4
- !Somewhat demanding valuation5.9
AI analysis
bottom line, main risk, context and newsCompany with a solid balance sheet and good momentum, but with limited moat quality and negative cash conversion that justify waiting for a better entry point.
SSAB shows solid financial health with net cash (Net Debt/EBITDA -0.83) and a comfortable balance sheet, although quality shows weaknesses: gross margin of 14.02%, negative cash conversion (-26.98%) and ROE of 8.13%. Earnings growth of 12.20% and momentum of 69.87% support the valuation, but the net dividend yield of 1.71% is modest.
Negative free cash flow conversion (-26.98%) and low gross margin (14.02%) indicate that real cash generation is weak, limiting its ability to sustain investments and dividends if the steel cycle deteriorates.
Context and risks
SSAB is a Swedish steel producer with net cash, so the rise in long-term rates does not pose a material risk to its balance sheet. Its main exposure is the steel cycle and energy prices, not interest rates or the geopolitical context of shipping routes.
Is SSAB stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 17.7 | 19.2 | −7% |
| EV / EBITDA | 8.6 | 10.0 | −14% |
| Price / book | 1.4 | 2.3 | −38% |
| Price / sales | 1.0 | 2.2 | −54% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.9 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 112.21 SEK, +12.6% versus the price.
Classic formulas with standard assumptions (5.2% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 17.7
- Forward P/E
- 16.9
- EV / EBITDA
- 8.6
- Price / book
- 1.4
- Price / sales
- 1.0
- PEG
- 4.38
- Market cap
- 99.4B SEK
- Enterprise value
- 90.6B SEK
Profitability
- ROE
- 8.1%
- ROA
- 4.3%
- ROIC (approx.)
- 11.6%
- Gross margin
- 14.0%
- Operating margin
- 9.7%
- Net margin
- 5.7%
- Free cash flow
- −2.8B SEK
- FCF yield
- −2.9%
- Cash conversion
- −27%
Solvency
- Total debt
- 10.9B SEK
- Net debt
- −8.8B SEK
- Cash
- 19.7B SEK
- EBITDA
- 10.5B SEK
- Net debt / EBITDA
- −0.83
- Debt / equity
- 15.32
- Current ratio
- 2.42
- Quick ratio
- 1.36
Growth
- Revenue growth
- +7.2%
- Earnings growth
- +12.2%
- EPS (TTM)
- 5.62 SEK
- EPS (forward)
- 5.91 SEK
Dividend
- Dividend yield
- 2.0%
- Payout
- 35.6%
Risk and market
- Beta
- 1.23
- Analyst consensus
- Buy (14)
- Target price
- 112.21 SEK
- 52-week range
- 58.12 – 109.15
Recent news
All SSAB-A.ST news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about SSAB
Is SSAB stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%). Valuation score: 5.9 out of 10 (median for Basic Materials: 5.8). Average analyst target: 112.21 SEK, +12.6% versus the price. This is not investment advice.
What score does SSAB get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,202 of 2,130 (better than 43% of the companies analysed). Its strongest category is Momentum (8.6) and its weakest, Quality / Moat (3.2). Analysis of 08/10/2026.
What is SSAB's P/E ratio?
Its P/E is 17.7: the share price equals 17.7 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 16.9.
How much is SSAB worth on the stock market?
Its market capitalisation is 99.4B SEK and its enterprise value, debt included, is 90.6B SEK.
How much debt does SSAB have?
It has more cash than debt: net cash of 8.8B SEK.
Does SSAB pay a dividend?
Yes: its dividend yield is 2.01% and it pays out 36% of its earnings.
How has SSAB stock performed over the last year?
It has risen 63.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 58.12 and 109.15 SEK. Past performance does not guarantee future results.
What do analysts think of SSAB?
14 analysts cover it; their average recommendation is “Buy” and their average target is 112.21 SEK (+12.6% versus the price). It is an estimate, not market data.