Sandvik AB (publ)

OM:SAND Stock Report

Market Cap: SEK 297.4b

Sandvik Valuation

Is SAND 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 SAND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 239.33
Fair Value
0.9% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: SAND (SEK237.1) is trading below our estimate of fair value (SEK239.33)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SAND. This is calculated by dividing SAND's market cap by their current earnings.
What is SAND's PE Ratio?
PE Ratio24.3x
EarningsSEK 12.24b
Market CapSEK 297.41b

Price to Earnings Ratio vs Peers

How does SAND's PE Ratio compare to its peers?

The above table shows the PE ratio for SAND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.9x
ALFA Alfa Laval
26.3x7.2%SEK 194.6b
INDT Indutrade
42.6x12.8%SEK 117.2b
TREL B Trelleborg
26.4x11.0%SEK 98.6b
SKF B AB SKF
16.3x10.3%SEK 105.7b
SAND Sandvik
24.3x11.3%SEK 297.4b

Price-To-Earnings vs Peers: SAND is good value based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (27.9x).

Price to Earnings Ratio vs Industry

How does SAND's PE Ratio compare vs other companies in the SE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
SAND 24.3xIndustry Avg. 27.1xNo. of Companies5PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAND is good value based on its Price-To-Earnings Ratio (24.3x) compared to the Swedish Machinery industry average (27.6x).

Price to Earnings Ratio vs Fair Ratio

What is SAND'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.

SAND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio29.4x

Price-To-Earnings vs Fair Ratio: SAND is good value based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (29.4x).

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 SAND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 237.10
SEK 238.00
+0.4%
12.2%SEK 290.00SEK 190.00n/a20
Feb ’26SEK 230.00
SEK 236.65
+2.9%
12.9%SEK 290.00SEK 179.00n/a20
Jan ’26SEK 198.30
SEK 234.30
+18.2%
13.5%SEK 290.00SEK 174.00n/a20
Dec ’25SEK 201.70
SEK 233.30
+15.7%
13.7%SEK 290.00SEK 174.00n/a20
Nov ’25SEK 210.10
SEK 233.60
+11.2%
14.1%SEK 290.00SEK 175.00n/a20
Oct ’25SEK 224.00
SEK 238.50
+6.5%
13.9%SEK 300.00SEK 178.00n/a20
Sep ’25SEK 218.30
SEK 239.10
+9.5%
14.2%SEK 300.00SEK 152.00n/a20
Aug ’25SEK 212.50
SEK 238.75
+12.4%
14.9%SEK 300.00SEK 152.00n/a20
Jul ’25SEK 215.00
SEK 237.45
+10.4%
15.2%SEK 300.00SEK 152.00n/a20
Jun ’25SEK 230.50
SEK 237.20
+2.9%
14.5%SEK 275.00SEK 153.00n/a20
May ’25SEK 222.70
SEK 236.45
+6.2%
14.5%SEK 275.00SEK 153.00n/a20
Apr ’25SEK 237.70
SEK 230.78
-2.9%
15.5%SEK 275.00SEK 157.00n/a18
Mar ’25SEK 233.60
SEK 225.26
-3.6%
13.5%SEK 260.00SEK 157.00n/a19
Feb ’25SEK 218.50
SEK 224.74
+2.9%
13.7%SEK 260.00SEK 157.00SEK 230.0019
Jan ’25SEK 218.10
SEK 216.63
-0.7%
14.4%SEK 260.00SEK 156.00SEK 198.3019
Dec ’24SEK 209.70
SEK 217.00
+3.5%
14.5%SEK 260.00SEK 156.00SEK 201.7019
Nov ’24SEK 187.75
SEK 217.47
+15.8%
14.5%SEK 260.00SEK 156.00SEK 210.1019
Oct ’24SEK 201.60
SEK 226.95
+12.6%
13.4%SEK 265.00SEK 166.00SEK 224.0020
Sep ’24SEK 208.40
SEK 232.15
+11.4%
12.8%SEK 265.00SEK 166.00SEK 218.3020
Aug ’24SEK 214.10
SEK 229.05
+7.0%
13.8%SEK 265.00SEK 147.00SEK 212.5022
Jul ’24SEK 210.20
SEK 225.86
+7.5%
16.5%SEK 265.00SEK 120.00SEK 215.0022
Jun ’24SEK 194.15
SEK 227.45
+17.2%
15.3%SEK 265.00SEK 120.00SEK 230.5022
May ’24SEK 208.50
SEK 226.86
+8.8%
15.3%SEK 265.00SEK 120.00SEK 222.7022
Apr ’24SEK 219.80
SEK 222.18
+1.1%
15.5%SEK 260.00SEK 120.00SEK 237.7022
Mar ’24SEK 217.80
SEK 218.32
+0.2%
14.9%SEK 260.00SEK 120.00SEK 233.6022
Feb ’24SEK 217.80
SEK 213.14
-2.1%
15.2%SEK 255.00SEK 120.00SEK 218.5022
Analyst Price Target
Consensus Narrative from 20 Analysts
SEK 238.00
Fair Value
0.4% undervalued intrinsic discount
20
Number of Analysts

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 Analysis2025/02/20 02:11
End of Day Share Price 2025/02/20 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

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
null nullABG Sundal Collier
Lionel PellicerAlphaValue
Vlad SergievskiiBarclays