Saab AB (publ)

OM:SAAB B Stock Report

Market Cap: SEK 130.7b

Saab Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 SAAB B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAAB B (SEK244.5) is trading below our estimate of fair value (SEK626)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SAAB B. This is calculated by dividing SAAB B's market cap by their current earnings.
What is SAAB B's PE Ratio?
PE Ratio33x
EarningsSEK 3.96b
Market CapSEK 130.67b

Price to Earnings Ratio vs Peers

How does SAAB B's PE Ratio compare to its peers?

The above table shows the PE ratio for SAAB B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56.6x
IVSO Invisio
62.3x28.5%SEK 12.4b
MILDEF MilDef Group
83.7x61.7%SEK 4.6b
CTT CTT Systems
35.6x33.3%SEK 3.2b
LIFCO B Lifco
44.8x16.0%SEK 144.5b
SAAB B Saab
33x20.2%SEK 130.7b

Price-To-Earnings vs Peers: SAAB B is good value based on its Price-To-Earnings Ratio (33x) compared to the peer average (56.6x).

Price to Earnings Ratio vs Industry

How does SAAB B's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SAAB B 33.0xIndustry Avg. 24.6xNo. of Companies9PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAAB B is expensive based on its Price-To-Earnings Ratio (33x) compared to the European Aerospace & Defense industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is SAAB B'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.

SAAB B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33x
Fair PE Ratio33.9x

Price-To-Earnings vs Fair Ratio: SAAB B is good value based on its Price-To-Earnings Ratio (33x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).

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 SAAB B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 244.50
SEK 263.36
+7.7%
8.7%SEK 294.00SEK 225.00n/a7
Nov ’25SEK 222.05
SEK 263.36
+18.6%
8.7%SEK 294.00SEK 225.00n/a7
Oct ’25SEK 223.55
SEK 263.07
+17.7%
8.6%SEK 294.00SEK 225.00n/a7
Sep ’25SEK 242.35
SEK 266.64
+10.0%
7.7%SEK 294.00SEK 225.00n/a7
Aug ’25SEK 242.05
SEK 264.21
+9.2%
7.7%SEK 294.00SEK 225.00n/a7
Jul ’25SEK 256.80
SEK 263.50
+2.6%
7.5%SEK 294.00SEK 225.00n/a7
Jun ’25SEK 253.40
SEK 250.42
-1.2%
11.2%SEK 275.00SEK 200.00n/a6
May ’25SEK 219.65
SEK 250.42
+14.0%
11.2%SEK 275.00SEK 200.00n/a6
Apr ’25SEK 238.00
SEK 214.65
-9.8%
5.2%SEK 230.00SEK 200.00n/a5
Mar ’25SEK 205.35
SEK 208.40
+1.5%
4.5%SEK 225.00SEK 198.75n/a5
Feb ’25SEK 169.10
SEK 171.13
+1.2%
4.8%SEK 183.75SEK 160.75n/a4
Jan ’25SEK 151.90
SEK 171.13
+12.7%
4.8%SEK 183.75SEK 160.75n/a4
Dec ’24SEK 137.50
SEK 168.94
+22.9%
5.4%SEK 183.75SEK 160.75n/a4
Nov ’24SEK 146.25
SEK 167.38
+14.4%
6.8%SEK 183.75SEK 153.75SEK 222.054
Oct ’24SEK 139.20
SEK 166.75
+19.8%
7.3%SEK 183.75SEK 151.25SEK 223.554
Sep ’24SEK 145.45
SEK 166.75
+14.6%
7.3%SEK 183.75SEK 151.25SEK 242.354
Aug ’24SEK 139.35
SEK 166.75
+19.7%
7.3%SEK 183.75SEK 151.25SEK 242.054
Jul ’24SEK 145.80
SEK 172.69
+18.4%
4.8%SEK 183.75SEK 160.75SEK 256.804
Jun ’24SEK 149.15
SEK 172.69
+15.8%
4.8%SEK 183.75SEK 160.75SEK 253.404
May ’24SEK 143.90
SEK 163.63
+13.7%
11.3%SEK 183.75SEK 135.00SEK 219.654
Apr ’24SEK 157.75
SEK 154.38
-2.1%
10.7%SEK 178.00SEK 135.00SEK 238.004
Mar ’24SEK 151.55
SEK 132.06
-12.9%
8.1%SEK 143.75SEK 114.50SEK 205.354
Feb ’24SEK 107.78
SEK 118.94
+10.4%
5.7%SEK 130.00SEK 112.50SEK 169.104
Jan ’24SEK 102.68
SEK 116.75
+13.7%
7.3%SEK 130.00SEK 106.25SEK 151.904
Dec ’23SEK 97.63
SEK 116.75
+19.6%
7.3%SEK 130.00SEK 106.25SEK 137.504
Nov ’23SEK 99.45
SEK 119.88
+20.5%
5.0%SEK 130.00SEK 114.50SEK 146.254

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

Discover undervalued companies

AAC Clyde Space

SEK 271.3m

Manufactures and sells miniaturized and advanced subsystems and components for cube and small satellites in Sweden, the United Kingdom, rest of Europe, the United States, Asia, and internationally.

AAC

SEK 46.05

7D

-7.6%

1Y

31.2%

Inission

SEK 742.3m

Engages in the supply of tailored manufacturing services and products in the field of industrial electronics and mechanics in Sweden, Finland, Estonia, Norway, the United States, and internationally.

INISS B

SEK 33.50

7D

-3.2%

1Y

-35.6%

Vestum

SEK 3.7b

Engages in the infrastructure, water, and service businesses in Sweden and internationally.

VESTUM

SEK 9.97

7D

-4.1%

1Y

145.2%