OM:SAAB B

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Executive Summary

Saab AB (publ) provides products, services, and solutions for the military, defense, and civil security markets worldwide. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Saab's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SAAB B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.4%

SAAB B

-6.5%

SE Aerospace & Defense

-2.7%

SE Market


1 Year Return

-7.4%

SAAB B

-8.7%

SE Aerospace & Defense

16.4%

SE Market

Return vs Industry: SAAB B exceeded the Swedish Aerospace & Defense industry which returned -8.7% over the past year.

Return vs Market: SAAB B underperformed the Swedish Market which returned 16.4% over the past year.


Shareholder returns

SAAB BIndustryMarket
7 Day-6.4%-6.5%-2.7%
30 Day-5.1%-5.5%0.6%
90 Day11.4%9.0%11.5%
1 Year-7.4%-7.4%-8.5%-8.7%18.4%16.4%
3 Year-30.3%-37.5%-35.1%-42.9%31.5%17.4%
5 Year34.1%16.3%15.1%3.8%69.2%36.2%

Price Volatility Vs. Market

How volatile is Saab's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Saab undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAAB B (SEK258.5) is trading below our estimate of fair value (SEK856.3)

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


Price To Earnings Ratio

PE vs Industry: SAAB B is good value based on its PE Ratio (17.1x) compared to the XE Aerospace & Defense industry average (18.6x).

PE vs Market: SAAB B is good value based on its PE Ratio (17.1x) compared to the Swedish market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: SAAB B is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: SAAB B is good value based on its PB Ratio (1.6x) compared to the SE Aerospace & Defense industry average (1.7x).


Next Steps

Future Growth

How is Saab forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

9.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAAB B's forecast earnings growth (9.1% per year) is above the savings rate (0.5%).

Earnings vs Market: SAAB B's earnings (9.1% per year) are forecast to grow slower than the Swedish market (14.7% per year).

High Growth Earnings: SAAB B's earnings are forecast to grow, but not significantly.

Revenue vs Market: SAAB B's revenue (5.9% per year) is forecast to grow faster than the Swedish market (3.8% per year).

High Growth Revenue: SAAB B's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAAB B's Return on Equity is forecast to be low in 3 years time (10.4%).


Next Steps

Past Performance

How has Saab performed over the past 5 years?

10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAAB B has high quality earnings.

Growing Profit Margin: SAAB B's current net profit margins (5.7%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: SAAB B's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: SAAB B's earnings growth over the past year (16.5%) exceeds its 5-year average (10.2% per year).

Earnings vs Industry: SAAB B earnings growth over the past year (16.5%) exceeded the Aerospace & Defense industry -7.7%.


Return on Equity

High ROE: SAAB B's Return on Equity (9.6%) is considered low.


Next Steps

Financial Health

How is Saab's financial position?


Financial Position Analysis

Short Term Liabilities: SAAB B's short term assets (SEK37.4B) exceed its short term liabilities (SEK21.6B).

Long Term Liabilities: SAAB B's short term assets (SEK37.4B) exceed its long term liabilities (SEK16.3B).


Debt to Equity History and Analysis

Debt Level: SAAB B's debt to equity ratio (34.8%) is considered satisfactory.

Reducing Debt: SAAB B's debt to equity ratio has reduced from 48.4% to 34.8% over the past 5 years.

Debt Coverage: SAAB B's debt is well covered by operating cash flow (59.3%).

Interest Coverage: SAAB B's interest payments on its debt are well covered by EBIT (13.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Saab current dividend yield, its reliability and sustainability?

2.31%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SAAB B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SAAB B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SAAB B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SAAB B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SAAB B is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SAAB B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Micael Johansson (60 yo)

0.92

Tenure

kr16,007,060

Compensation

Mr. Micael Johansson, B.Sc., has been a Director of Saab AB (publ) since April 1, 2020. Mr. Johansson has been the Chief Executive Officer and President at SAAB AB (publ) since October 23, 2019 and served ...


CEO Compensation Analysis

Compensation vs Market: Micael's total compensation ($USD1.75M) is above average for companies of similar size in the Swedish market ($USD1.14M).

Compensation vs Earnings: Insufficient data to compare Micael's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Micael Johansson
President0.92yrkr16.01m0.014%
SEK 4.8m
Christian Luiga
CFO & Deputy CEOno datano datano data
Petter Bedoire
Chief Technology Officer0.83yrno datano data
Merton Kaplan
Head of Investor Relations0.92yrno datano data
Annika Bäremo
Senior VP8.58yrsno data0.011%
SEK 3.8m
Sebastian Carlsson
Senior VP & Head of Group Communication3.67yrsno data0.0015%
SEK 530.6k
Dean Rosenfield
Senior VP & Chief Marketing Officer (CMO)1.67yrsno data0.0021%
SEK 733.8k
Lena Eliasson
Senior VP & Head of Group Human Resources8.33yrsno data0.012%
SEK 4.2m
Lars Tossman
Senior VP & Head of Business Area Kockumsno datano datano data
Jonas Hjelm
Senior VP & Head of Business Area Aeronautics7.67yrsno data0.0054%
SEK 1.9m
Rustan Nicander
Head of Country Unit Switzerland & Southern Europe and VP9yrsno datano data
Görgen Johansson
Senior VP & Head of Business Area Dynamics7.67yrsno data0.012%
SEK 4.3m

5.7yrs

Average Tenure

52.5yo

Average Age

Experienced Management: SAAB B's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Micael Johansson
President0.92yrkr16.01m0.014%
SEK 4.8m
Marcus Wallenberg
Chairman of the Board14.42yrskr1.95m0.094%
SEK 32.3m
Bert Ake Nordberg
Independent Director4.42yrskr705.00k0.0080%
SEK 2.7m
Daniel Nodhäll
Director3.42yrskr776.25k0.0019%
SEK 647.7k
Joakim Westh
Independent Director10.67yrskr858.75k0.0075%
SEK 2.6m
Cecilia Chilò
Independent Director10.67yrskr615.00k0.0014%
SEK 485.8k
Sten Jakobsson
Independent Deputy Chairman10.67yrskr843.75k0.0052%
SEK 1.8m
Erika Johnson
Independent Director3.42yrskr776.25k0.0015%
SEK 503.0k
Johan Menckel
Director1.42yrskr465.00k0.0030%
SEK 1.0m
Sara Mazur
Independent Director7.42yrskr615.00k0.0034%
SEK 1.2m
Danica Jensfelt
Independent Director3.42yrskr615.00k0.0015%
SEK 516.8k
Goran Andersson
Employee Representative Director0.67yrno datano data

3.9yrs

Average Tenure

56.5yo

Average Age

Experienced Board: SAAB B's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SAAB B insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Saab AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Saab AB (publ)
  • Ticker: SAAB B
  • Exchange: OM
  • Founded: 1937
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: kr34.453b
  • Shares outstanding: 133.28m
  • Website: https://www.saabgroup.com

Number of Employees


Location

  • Saab AB (publ)
  • Olof Palmes gata 17
  • 5th floor
  • Stockholm
  • Stockholm County
  • 111 22
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAAB BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKJun 1998
SAAB.FOTCPK (Pink Sheets LLC)YesSeries B SharesUSUSDJun 1998
SDVDB (Deutsche Boerse AG)YesSeries B SharesDEEURJun 1998
0GWLLSE (London Stock Exchange)YesSeries B SharesGBSEKJun 1998
SAABBSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKJun 1998
SAAB.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDMar 2019

Biography

Saab AB (publ) provides products, services, and solutions for the military, defense, and civil security markets worldwide. The company develops military and civil aviation technology, as well as conducts s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 02:46
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.