Sandvik AB (publ)

BATS-CHIXE:SANDS Stock Report

Market Cap: SEK 270.8b

Sandvik Valuation

Is SANDS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SANDS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 231.10
Fair Value
6.6% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: SANDS (SEK215.9) is trading below our estimate of fair value (SEK231.1)

Significantly Below Fair Value: SANDS is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SANDS?

Key metric: As SANDS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SANDS. This is calculated by dividing SANDS's market cap by their current earnings.
What is SANDS's PE Ratio?
PE Ratio18.4x
EarningsSEK 14.73b
Market CapSEK 270.82b

Price to Earnings Ratio vs Peers

How does SANDS's PE Ratio compare to its peers?

The above table shows the PE ratio for SANDS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
WEIR Weir Group
19.7x8.18%UK£6.2b
IMI IMI
19.9x10.62%UK£5.0b
SPX Spirax Group
23.5x8.50%UK£4.5b
ROR Rotork
25.3x12.71%UK£2.6b
SANDS Sandvik
18.4x6.08%SEK 270.8b

Price-To-Earnings vs Peers: SANDS is good value based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

How does SANDS's PE Ratio compare vs other companies in the European Machinery Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies30PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SANDS is good value based on its Price-To-Earnings Ratio (18.4x) compared to the European Machinery industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is SANDS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SANDS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SANDS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SANDS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 215.90
SEK 218.60
+1.25%
14.92%SEK 275.00SEK 165.00n/a20
May ’26SEK 196.63
SEK 217.25
+10.49%
14.60%SEK 275.00SEK 165.00n/a20
Apr ’26SEK 218.50
SEK 237.43
+8.66%
13.39%SEK 290.00SEK 190.00n/a21
Mar ’26n/a
SEK 238.50
0%
12.38%SEK 290.00SEK 190.00n/a20
Feb ’26n/a
SEK 236.65
0%
12.89%SEK 290.00SEK 179.00n/a20
Jan ’26n/a
SEK 234.30
0%
13.51%SEK 290.00SEK 174.00n/a20
Dec ’25SEK 201.00
SEK 233.30
+16.07%
13.71%SEK 290.00SEK 174.00n/a20
Nov ’25SEK 214.90
SEK 233.60
+8.70%
14.09%SEK 290.00SEK 175.00n/a20
Oct ’25SEK 226.05
SEK 238.50
+5.51%
13.92%SEK 300.00SEK 178.00n/a20
Sep ’25SEK 218.10
SEK 239.10
+9.63%
14.22%SEK 300.00SEK 152.00n/a20
Aug ’25SEK 221.60
SEK 238.75
+7.74%
14.87%SEK 300.00SEK 152.00n/a20
Jul ’25SEK 212.65
SEK 237.45
+11.66%
15.24%SEK 300.00SEK 152.00n/a20
Jun ’25SEK 233.25
SEK 237.20
+1.69%
14.47%SEK 275.00SEK 153.00n/a20
May ’25SEK 224.10
SEK 236.45
+5.51%
14.51%SEK 275.00SEK 153.00SEK 196.6320
Apr ’25n/a
SEK 230.78
0%
15.46%SEK 275.00SEK 157.00SEK 218.5018
Mar ’25SEK 231.30
SEK 225.26
-2.61%
13.54%SEK 260.00SEK 157.00n/a19
Feb ’25SEK 220.25
SEK 224.74
+2.04%
13.73%SEK 260.00SEK 157.00n/a19
Jan ’25n/a
SEK 216.63
0%
14.41%SEK 260.00SEK 156.00n/a19
Dec ’24SEK 209.40
SEK 217.00
+3.63%
14.51%SEK 260.00SEK 156.00SEK 201.0019
Nov ’24SEK 188.95
SEK 217.47
+15.10%
14.49%SEK 260.00SEK 156.00SEK 214.9019
Oct ’24n/a
SEK 226.95
0%
13.38%SEK 265.00SEK 166.00SEK 226.0520
Sep ’24SEK 209.35
SEK 232.15
+10.89%
12.82%SEK 265.00SEK 166.00SEK 218.1020
Aug ’24SEK 210.15
SEK 229.05
+8.99%
13.78%SEK 265.00SEK 147.00SEK 221.6022
Jul ’24SEK 209.80
SEK 225.86
+7.66%
16.46%SEK 265.00SEK 120.00SEK 212.6522
Jun ’24SEK 194.00
SEK 227.45
+17.24%
15.35%SEK 265.00SEK 120.00SEK 233.2522
May ’24SEK 213.75
SEK 226.86
+6.14%
15.29%SEK 265.00SEK 120.00SEK 224.1022
AnalystConsensusTarget
Consensus Narrative from 20 Analysts
SEK 218.60
Fair Value
1.2% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/18 20:51
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sandvik AB (publ) is covered by 59 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Robert BateBarclays
Vladimir SergievskiiBarclays