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SAAB

SaabOM:SAAB B Stock Report

Last Price

kr234.50

Market Cap

kr30.9b

7D

0.2%

1Y

-1.7%

Updated

19 Jan, 2022

Data

Company Financials +
SAAB B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends4/6

SAAB B Stock Overview

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

Saab Competitors

MilDef Group

OM:MILDEF

kr1.9b

L3Harris Technologies

NYSE:LHX

US$44.7b

Hexagon

OM:HEXA B

kr339.7b

BAE Systems

LSE:BA.

UK£18.9b

Price History & Performance

Summary of all time highs, changes and price drops for Saab
Historical stock prices
Current Share Pricekr234.50
52 Week Highkr267.00
52 Week Lowkr211.20
Beta1.33
1 Month Change6.83%
3 Month Change-7.46%
1 Year Change-1.72%
3 Year Change-23.24%
5 Year Change-34.39%
Change since IPO175.88%

Recent News & Updates

Jan 18
Is Saab AB (publ) (STO:SAAB B) Potentially Undervalued?

Is Saab AB (publ) (STO:SAAB B) Potentially Undervalued?

While Saab AB (publ) ( STO:SAAB B ) might not be the most widely known stock at the moment, it received a lot of...

Jan 05
Calculating The Intrinsic Value Of Saab AB (publ) (STO:SAAB B)

Calculating The Intrinsic Value Of Saab AB (publ) (STO:SAAB B)

Today we will run through one way of estimating the intrinsic value of Saab AB (publ) ( STO:SAAB B ) by estimating the...

Dec 21
Saab (STO:SAAB B) Might Be Having Difficulty Using Its Capital Effectively

Saab (STO:SAAB B) Might Be Having Difficulty Using Its Capital Effectively

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Shareholder Returns

SAAB BSE Aerospace & DefenseSE Market
7D0.2%-1.1%-4.2%
1Y-1.7%-8.8%17.2%

Return vs Industry: SAAB B exceeded the Swedish Aerospace & Defense industry which returned -8.1% over the past year.

Return vs Market: SAAB B underperformed the Swedish Market which returned 17.8% over the past year.

Price Volatility

Is SAAB B's price volatile compared to industry and market?
SAAB B volatility
SAAB B Average Weekly Movement3.4%
Aerospace & Defense Industry Average Movement7.6%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.7%
10% least volatile stocks in SE Market3.9%

Stable Share Price: SAAB B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SAAB B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193718,026Micael Johanssonhttps://www.saabgroup.com

Saab AB (publ) provides products, services, and solutions for the military defense, aerospace, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Support and Services, Industrial Products and Services, and Kockums segments. The company develops military and civil aviation technology, as well as conducts studies on manned and unmanned aircraft systems.

Saab Fundamentals Summary

How do Saab's earnings and revenue compare to its market cap?
SAAB B fundamental statistics
Market Capkr30.88b
Earnings (TTM)kr1.79b
Revenue (TTM)kr39.70b

17.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SAAB B income statement (TTM)
Revenuekr39.70b
Cost of Revenuekr31.32b
Gross Profitkr8.38b
Expenseskr6.59b
Earningskr1.79b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 11, 2022

Earnings per share (EPS)13.60
Gross Margin21.11%
Net Profit Margin4.51%
Debt/Equity Ratio30.8%

How did SAAB B perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

35%

Payout Ratio

Valuation

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

5.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAAB B (SEK234.5) is trading below our estimate of fair value (SEK248.35)

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


Price To Earnings Ratio

PE vs Industry: SAAB B is good value based on its PE Ratio (17.2x) compared to the Swedish Aerospace & Defense industry average (46.4x).

PE vs Market: SAAB B is good value based on its PE Ratio (17.2x) compared to the Swedish market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: SAAB B is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SAAB B is good value based on its PB Ratio (1.4x) compared to the SE Aerospace & Defense industry average (3.2x).


Future Growth

How is Saab forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

18.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAAB B's forecast earnings growth (18.4% per year) is above the savings rate (0.3%).

Earnings vs Market: SAAB B's earnings (18.4% per year) are forecast to grow faster than the Swedish market (4.3% per year).

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

Revenue vs Market: SAAB B's revenue (4.9% per year) is forecast to grow slower than the Swedish market (5.1% per year).

High Growth Revenue: SAAB B's revenue (4.9% 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 (10.3%).


Past Performance

How has Saab performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAAB B has a large one-off gain of SEK430.0M impacting its September 30 2021 financial results.

Growing Profit Margin: SAAB B's current net profit margins (4.5%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: SAAB B's earnings have grown by 2.5% per year over the past 5 years.

Accelerating Growth: SAAB B's earnings growth over the past year (31.9%) exceeds its 5-year average (2.5% per year).

Earnings vs Industry: SAAB B earnings growth over the past year (31.9%) exceeded the Aerospace & Defense industry 3.6%.


Return on Equity

High ROE: SAAB B's Return on Equity (8.1%) is considered low.


Financial Health

How is Saab's financial position?


Financial Position Analysis

Short Term Liabilities: SAAB B's short term assets (SEK38.9B) exceed its short term liabilities (SEK23.8B).

Long Term Liabilities: SAAB B's short term assets (SEK38.9B) exceed its long term liabilities (SEK15.9B).


Debt to Equity History and Analysis

Debt Level: SAAB B has more cash than its total debt.

Reducing Debt: SAAB B's debt to equity ratio has reduced from 49.5% to 30.8% over the past 5 years.

Debt Coverage: SAAB B's debt is well covered by operating cash flow (106.4%).

Interest Coverage: SAAB B's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet


Dividend

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

2.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SAAB B's dividend (2%) is higher than the bottom 25% of dividend payers in the Swedish market (0.98%).

High Dividend: SAAB B's dividend (2%) is low compared to the top 25% of dividend payers in the Swedish market (3.37%).


Stability and Growth of Payments

Stable Dividend: SAAB B's dividend payments have been volatile in the past 10 years.

Growing Dividend: SAAB B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.7%), SAAB B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SAAB B's dividends in 3 years are forecast to be well covered by earnings (30.8% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Capital Goods industry.

Management

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

5.0yrs

Average management tenure


CEO

Micael Johansson (61 yo)

2.25yrs

Tenure

kr24,770,329

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 ($USD2.72M) is above average for companies of similar size in the Swedish market ($USD1.06M).

Compensation vs Earnings: Micael's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SAAB B's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: SAAB B's board of directors are considered experienced (5.3 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 sold more shares than they have bought 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 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
  • Implied Market Cap: kr30.878b
  • Shares outstanding: 131.68m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 21:10
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.