Saab AB (publ)

OM:SAAB B Stock Report

Market Cap: SEK 278.3b

Saab Future Growth

Future criteria checks 3/6

Saab is forecast to grow earnings and revenue by 18.1% and 15.6% per annum respectively. EPS is expected to grow by 18.2% per annum. Return on equity is forecast to be 18.8% in 3 years.

Key information

18.1%

Earnings growth rate

18.25%

EPS growth rate

Aerospace & Defense earnings growth20.3%
Revenue growth rate15.6%
Future return on equity18.76%
Analyst coverage

Good

Last updated01 Jun 2026

Recent future growth updates

Analysis Article • Jul 21

Saab AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Saab AB (publ) ( STO:SAAB B ) just released its quarterly report and things are looking bullish. Saab beat earnings...

Recent updates

Narrative Update • Jun 01

SAAB B: Fighter Jet And Defence Contract Momentum Will Drive Future Upside

Analysts have nudged their Saab price targets higher, with recent moves such as Citi lifting its target to SEK 527 and UBS raising by SEK 20. These changes reflect updated views on valuation and the company’s earnings profile.
Narrative Update • May 03

SAAB B: Recent Rating Upgrades And Defence Orders Will Support Future Upside

The analyst fair value estimate for Saab has moved from SEK 760 to SEK 780, as analysts point to recent Street price target increases and updated assumptions around revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research updates point to a more supportive tone around Saab, with several bullish analysts lifting their price targets and, in at least one case, improving their overall stance on the shares.
Narrative Update • Apr 19

SAAB B: Higher P/E And Mixed Ratings Will Shape Fairly Valued Outlook

Narrative Update The updated fair value estimate for Saab moves slightly higher to SEK 604.91 from SEK 603.09. This reflects analysts' recent SEK 20 increases to SEK 540 and SEK 516 price targets that are tied to revised revenue growth, profit margin, and future P/E assumptions.
Narrative Update • Apr 05

SAAB B: Higher P/E And Mixed Ratings Will Frame Fairly Valued Outlook

Saab's analyst price targets have moved higher, with recent updates pointing toward SEK 516 to SEK 540 as analysts factor in revised fair value assumptions and updated expectations for growth, margins and future P/E levels. Analyst Commentary Recent price target updates for Saab cluster in the SEK 516 to SEK 540 range, with analysts adjusting their fair value views while still expressing caution through Underweight and Sell ratings.
Narrative Update • Mar 21

SAAB B: Higher P/E And Cautious Ratings Will Shape Execution Risk

Narrative Update The analyst price target for Saab has been updated to SEK 604.45 from SEK 595.82, reflecting recent Street research in which analysts raised their targets into a range of SEK 516 to SEK 540 while generally maintaining cautious ratings on the shares. Analyst Commentary Recent Street research on Saab shows higher price targets clustered around the low SEK 500s, but with ratings that remain generally cautious.
Narrative Update • Mar 07

SAAB B: Recent Defence Orders And Alliance Participation Will Support Upside Potential

Narrative Update on Saab We lift our Saab fair value estimate to SEK 760 from SEK 660, reflecting analysts' higher price targets, including recent increases to SEK 516 and SEK 540, alongside updated assumptions for slightly stronger revenue growth, profit margins, and a marginally higher future P/E multiple. Analyst Commentary Recent Street research on Saab has leaned cautiously positive, with several bullish analysts lifting their price targets while still holding conservative ratings.
Narrative Update • Feb 21

SAAB B: Higher P/E Assumptions Will Elevate Execution Risk Ahead

Analysts have lifted their Saab price targets, with one move to SEK 516. This contributes to a higher fair value estimate of SEK 595.82 as they factor in updated assumptions on growth, margins and future P/E.
Narrative Update • Feb 06

SAAB B: Higher Street Expectations Will Increase Execution Risk For Future Returns

Analysts have raised their fair value estimate for Saab from SEK 490.40 to about SEK 562.45, citing updated assumptions on growth, margins and P/E that are in line with recent Street price target increases, including the SEK 40 move at Barclays. Analyst Commentary Bullish Takeaways Bullish analysts see the recent SEK 40 uplift in Street price targets as broadly aligned with the revised fair value, which reduces the gap between market expectations and fundamental estimates.
Narrative Update • Jan 23

SAAB B: Future Defence Orders Will Test Elevated P E Expectations

Analysts have trimmed their fair value estimate for Saab from SEK 374 to SEK 310, even as some Street research, including a recent move to SEK 460, reflects updated views on growth, margins and future P/E assumptions. Analyst Commentary Even with a highlighted fair value range that runs from SEK 310 to SEK 460, some research remains cautious on Saab, focusing on execution and valuation risks rather than simply the headline price targets.
Narrative Update • Jan 09

SAAB B: French And Colombian Contracts Will Support A Balanced Outlook

Analysts have lifted their fair value estimate for Saab to SEK 660 from SEK 600, citing updated views on revenue growth, profit margins and future P/E, alongside recent Street research that includes a price target increase to SEK 460. Analyst Commentary Morgan Stanley has raised its price target for Saab to SEK 460 from SEK 430 while maintaining an Underweight rating.
Narrative Update • Dec 14

SAAB B: Future Defense Backlog And Execution Risks Will Shape Returns Ahead

Analysts have nudged their price target on Saab higher by SEK 30 to SEK 460, citing slightly improved long term earnings visibility and a modestly higher valuation multiple. Analyst Commentary Analyst reactions to the updated target reflect a nuanced view of Saab's risk reward profile, balancing improved long term earnings visibility against lingering concerns on valuation and execution.
Narrative Update • Nov 30

SAAB B: Future Sector Demand And Premium Shares Will Shape Returns Ahead

Analysts have raised their price target for Saab to SEK 460 from SEK 430. They cite continued concerns about valuation alongside high expectations for defense spending.
Narrative Update • Nov 16

SAAB B: Revenue Momentum And Premium Shares Will Limit Future Upside Potential

Analysts have modestly raised their price target for Saab to SEK 460, citing the company's resilient revenue growth outlook. However, they caution that a premium valuation continues to limit upside potential.
Narrative Update • Nov 01

SAAB B: Defense Demand And AI Investments Will Shape Future Opportunities And Risks

Saab's fair value price target has been raised from SEK 473 to SEK 481. Analysts cite upgraded revenue growth expectations, although they continue to note ongoing concerns around valuation and scale.
Narrative Update • Oct 18

Global Defense Spending And AI Will Open Future Markets

The analyst price target for Saab remains steady at SEK 473, with analysts citing concerns over the company's valuation premium and perceived risks because of its small scale and already high expectations in the current defense market. Analyst Commentary Recent coverage from major financial institutions reflects a cautious stance on Saab, with concerns primarily centered on the company's valuation and its capacity to deliver against heightened expectations in the defense sector.
Narrative Update • Oct 04

Global Defense Spending And AI Will Open Future Markets

Analysts have slightly raised their fair value estimate for Saab from SEK 466.7 to SEK 473.0. They cite concerns about the company's valuation and scale, as well as elevated expectations already reflected in the stock price. Analyst Commentary Recent coverage of Saab by major financial institutions has brought a range of perspectives regarding the company’s valuation and growth potential.
Narrative Update • Sep 19

Global Defense Spending And AI Will Open Future Markets

Analysts have cut Saab’s price target to SEK466.70, citing concerns around limited growth prospects due to its small scale, a stretched valuation with limited further upside, and skepticism that increased defense spending will sufficiently boost incremental demand. Analyst Commentary Bearish analysts highlight Saab’s small scale as a downside risk impacting future growth prospects.
Narrative Update • Sep 04

Global Defense Spending And AI Will Open Future Markets

Analysts have kept Saab’s price target unchanged at SEK504.57, citing concerns that its valuation already fully reflects anticipated defense spending growth and that current pricing offers limited upside given realistic sector expansion prospects. Analyst Commentary Elevated valuation premium suggests the stock already factors in anticipated increases in defense spending.
Analysis Article • Aug 31

Here's Why Saab (STO:SAAB B) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Aug 04

Is Now The Time To Put Saab (STO:SAAB B) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Jul 21

Saab AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Saab AB (publ) ( STO:SAAB B ) just released its quarterly report and things are looking bullish. Saab beat earnings...
Analysis Article • Jul 06

Saab (STO:SAAB B) Is Looking To Continue Growing Its Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Earnings and Revenue Growth Forecasts

OM:SAAB B - Analysts future estimates and past financials data (SEK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028134,69911,5594,54814,74810
12/31/2027115,4019,5422,56412,20510
12/31/202696,1727,6702,0119,58311
3/31/202682,5186,4835,07312,715N/A
12/31/202579,1466,3144,88312,105N/A
9/30/202572,2995,1892,0868,638N/A
6/30/202569,9745,1985,06311,043N/A
3/31/202565,3584,6693,9019,139N/A
12/31/202463,7514,1711,8936,732N/A
9/30/202459,0233,9592,1086,564N/A
6/30/202457,0043,645-3,1141,164N/A
3/31/202454,3093,419-2,2791,662N/A
12/31/202351,6093,3812,9246,462N/A
9/30/202349,3533,2739144,143N/A
6/30/202346,5772,9263,6906,517N/A
3/31/202344,2732,5735,5798,152N/A
12/31/202242,0062,1952,3444,654N/A
9/30/202240,0831,8132,2474,309N/A
6/30/202239,3241,8043502,489N/A
3/31/202239,2841,8883,0985,428N/A
12/31/202139,1541,9263,1935,713N/A
9/30/202139,7021,7914,7647,437N/A
6/30/202137,7741,1155,6858,343N/A
3/31/202136,4791,1314,3747,147N/A
12/31/202035,4311,0732,9095,800N/A
9/30/202033,5181,3582,9085,755N/A
6/30/202035,3682,0071,5174,449N/A
3/31/202034,9771,919-1,2211,747N/A
12/31/201935,4331,983N/A1,194N/A
9/30/201935,8732,082N/A623N/A
6/30/201934,3781,719N/A34N/A
3/31/201933,8861,469N/A-46N/A
12/31/201833,1561,313N/A-490N/A
9/30/201832,288932N/A-1,098N/A
6/30/201832,0271,259N/A732N/A
3/31/201831,8461,329N/A-19N/A
12/31/201731,6661,477N/A3,164N/A
9/30/201730,5321,500N/A1,777N/A
6/30/201730,1351,380N/A-208N/A
3/31/201729,4271,310N/A2,193N/A
12/31/201628,6311,133N/A4,154N/A
9/30/201629,6851,610N/A4,032N/A
6/30/201629,7111,523N/A6,731N/A
3/31/201628,5871,491N/A4,405N/A
12/31/201527,1861,362N/A358N/A
9/30/201524,541840N/A239N/A
6/30/201523,884980N/A-1,280N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAAB B's forecast earnings growth (18.1% per year) is above the savings rate (2%).

Earnings vs Market: SAAB B's earnings (18.1% per year) are forecast to grow faster than the Swedish market (8.7% per year).

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

Revenue vs Market: SAAB B's revenue (15.6% per year) is forecast to grow faster than the Swedish market (0.04% per year).

High Growth Revenue: SAAB B's revenue (15.6% 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 (18.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 00:09
End of Day Share Price 2026/06/03 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

Saab AB (publ) is covered by 19 analysts. 11 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
Afonso OsorioBarclays
Carlos Iranzo PerisBofA Global Research