Sandvik AB (publ)

BATS-CHIXE:SANDS Stock Report

Market Cap: SEK 252.4b

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.

Below Fair Value: SANDS (SEK205.35) is trading below our estimate of fair value (SEK359.54)

Significantly Below Fair Value: SANDS is trading below fair value by more than 20%.

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 Ratio20.7x
EarningsSEK 12.21b
Market CapSEK 252.38b

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 Average23.3x
WEIR Weir Group
25.8x18.5%UK£5.7b
SPX Spirax Group
26.3x8.5%UK£5.0b
IMI IMI
18.6x12.2%UK£4.7b
ROR Rotork
22.4x10.0%UK£2.7b
SANDS Sandvik
20.7x13.1%SEK 252.4b

Price-To-Earnings vs Peers: SANDS is good value based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies27PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SANDS is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the European Machinery industry average (17.6x).

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 Ratio20.7x
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
Currentn/a
SEK 234.30
0%
13.5%SEK 290.00SEK 174.00n/a20
Dec ’25SEK 201.00
SEK 233.30
+16.1%
13.7%SEK 290.00SEK 174.00n/a20
Nov ’25SEK 214.90
SEK 233.60
+8.7%
14.1%SEK 290.00SEK 175.00n/a20
Oct ’25SEK 226.05
SEK 238.50
+5.5%
13.9%SEK 300.00SEK 178.00n/a20
Sep ’25SEK 218.10
SEK 239.10
+9.6%
14.2%SEK 300.00SEK 152.00n/a20
Aug ’25SEK 221.60
SEK 238.75
+7.7%
14.9%SEK 300.00SEK 152.00n/a20
Jul ’25SEK 212.65
SEK 237.45
+11.7%
15.2%SEK 300.00SEK 152.00n/a20
Jun ’25SEK 233.25
SEK 237.20
+1.7%
14.5%SEK 275.00SEK 153.00n/a20
May ’25SEK 224.10
SEK 236.45
+5.5%
14.5%SEK 275.00SEK 153.00n/a20
Apr ’25n/a
SEK 230.78
0%
15.5%SEK 275.00SEK 157.00n/a18
Mar ’25SEK 231.30
SEK 225.26
-2.6%
13.5%SEK 260.00SEK 157.00n/a19
Feb ’25SEK 220.25
SEK 224.74
+2.0%
13.7%SEK 260.00SEK 157.00n/a19
Jan ’25n/a
SEK 216.63
0%
14.4%SEK 260.00SEK 156.00n/a19
Dec ’24SEK 209.40
SEK 217.00
+3.6%
14.5%SEK 260.00SEK 156.00SEK 201.0019
Nov ’24SEK 188.95
SEK 217.47
+15.1%
14.5%SEK 260.00SEK 156.00SEK 214.9019
Oct ’24n/a
SEK 227.20
0%
13.2%SEK 265.00SEK 166.00SEK 226.0520
Sep ’24SEK 209.35
SEK 232.15
+10.9%
12.8%SEK 265.00SEK 166.00SEK 218.1020
Aug ’24SEK 210.15
SEK 229.05
+9.0%
13.8%SEK 265.00SEK 147.00SEK 221.6022
Jul ’24SEK 209.80
SEK 225.86
+7.7%
16.5%SEK 265.00SEK 120.00SEK 212.6522
Jun ’24SEK 194.00
SEK 227.45
+17.2%
15.3%SEK 265.00SEK 120.00SEK 233.2522
May ’24SEK 213.75
SEK 226.86
+6.1%
15.3%SEK 265.00SEK 120.00SEK 224.1022
Apr ’24SEK 219.80
SEK 222.18
+1.1%
15.5%SEK 260.00SEK 120.00n/a22
Mar ’24SEK 215.20
SEK 218.32
+1.4%
14.9%SEK 260.00SEK 120.00SEK 231.3022
Feb ’24SEK 216.60
SEK 213.14
-1.6%
15.2%SEK 255.00SEK 120.00SEK 220.2522
Jan ’24SEK 192.35
SEK 201.18
+4.6%
16.3%SEK 245.00SEK 120.00n/a22

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 Analysis2025/01/03 18:12
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Sandvik AB (publ) is covered by 55 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anders IdborgABG Sundal Collier
Lionel PellicerAlphaValue
Robert BateBarclays