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SSAB AB (publ)

OM:SSAB A Stock Report

Market Cap: SEK 57.5b

SSAB (SSAB A) Stock Overview

Engages in the production and sale of steel products in Sweden, Finland, the Rest of Europe, the United States, and internationally. More details

SSAB A fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 88.7% below our estimate of its fair value

Earnings are forecast to grow 9.43% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 4.45% is not well covered by free cash flows

Profit margins (5%) are lower than last year (10.4%)


SSAB A Community Fair Values

Create Narrative

See what 108 others think this stock is worth. Follow their fair value or set your own to get alerts.

SSAB A logo
SSAB
AN
AnalystConsensusTarget
Consensus Narrative from 13 Analysts

Mobile And Lulea Projects Will Expand Special Steel Capabilities

Key Takeaways SSAB's investment in production capacity and focus on high-margin products is set to boost future revenues and improve margins. Advancing fossil-free steel production and flexible U.S. operations position SSAB to capitalize on increased demand and sustainable solutions.
View narrative
SEK 70.80
FV
17.4% undervalued intrinsic discount
3.01%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
27users have followed this narrative
6 days ago author updated this narrative
SSAB A logo
SSAB
AN
AnalystLowTarget
Consensus Narrative from 13 Analysts

Decarbonization Pressures And Lulea Delays Will Crush Steel Margins

Key Takeaways Growing decarbonization costs and slow green steel transition threaten profitability and market access amidst heavy industry regulation. Declining steel demand in key sectors, material substitution, and global overcapacity limit revenue growth and put persistent pressure on margins.
View narrative
SEK 51.00
FV
14.6% overvalued intrinsic discount
-1.49%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
6 days ago author updated this narrative
SSAB A logo
SSAB
PI
PittTheYounger
Community Contributor

SSAB in pole position when it comes to the combination of steel tariffs and the EU's investment drive

Update as of 9 April: Just like any other basic resources stock, SSAB got hammered ever since the advent of Trump's reciprocal tariffs and their ongoing escalation down to recession fears; thus, as always with markets tumbling on a broad basis, it's no use to catch a falling knife. Once the current, all-out sell-off is over, however, I stick to SSAB's relatively positive prospects due to the catalysts as given below, since nothing has changed with the EU's investment agenda.
View narrative
SEK 86.87
FV
32.7% undervalued intrinsic discount
5.00%
Revenue growth p.a.
8users have liked this narrative
3users have commented on this narrative
64users have followed this narrative
3 months ago author updated this narrative
SSAB A logo
SSAB
AN
AnalystHighTarget
Consensus Narrative from 13 Analysts

HYBRIT Technology And Decarbonization Will Spur Premium Demand

Key Takeaways Unique high-grade supply, facility upgrades, and first-mover green steel positioning enable SSAB to set industry pricing and expand margins across both U.S. and European markets. Structural demand strength and increased financial flexibility position SSAB to accelerate strategic growth, driving sustained top-tier earnings, cash flow, and shareholder returns.
View narrative
SEK 91.00
FV
35.8% undervalued intrinsic discount
6.40%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
6 days ago author updated this narrative
View SSAB Community

SSAB AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for SSAB
Historical stock prices
Current Share PriceSEK 58.46
52 Week HighSEK 73.10
52 Week LowSEK 43.21
Beta1.07
1 Month Change-3.69%
3 Month Change6.41%
1 Year Change-1.08%
3 Year Change29.62%
5 Year Change121.69%
Change since IPO755.51%

Recent News & Updates

We Think SSAB (STO:SSAB A) Can Stay On Top Of Its Debt

Jul 03
We Think SSAB (STO:SSAB A) Can Stay On Top Of Its Debt

Why Investors Shouldn't Be Surprised By SSAB AB (publ)'s (STO:SSAB A) Low P/E

May 20
Why Investors Shouldn't Be Surprised By SSAB AB (publ)'s (STO:SSAB A) Low P/E

Results: SSAB AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

May 02
Results: SSAB AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Recent updates

We Think SSAB (STO:SSAB A) Can Stay On Top Of Its Debt

Jul 03
We Think SSAB (STO:SSAB A) Can Stay On Top Of Its Debt

Why Investors Shouldn't Be Surprised By SSAB AB (publ)'s (STO:SSAB A) Low P/E

May 20
Why Investors Shouldn't Be Surprised By SSAB AB (publ)'s (STO:SSAB A) Low P/E

Results: SSAB AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

May 02
Results: SSAB AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

SSAB (STO:SSAB A) Is Paying Out Less In Dividends Than Last Year

Apr 20
SSAB (STO:SSAB A) Is Paying Out Less In Dividends Than Last Year

Analyst Estimates: Here's What Brokers Think Of SSAB AB (publ) (STO:SSAB A) After Its Yearly Report

Mar 23
Analyst Estimates: Here's What Brokers Think Of SSAB AB (publ) (STO:SSAB A) After Its Yearly Report
author-image

SSAB in pole position when it comes to the combination of steel tariffs and the EU's investment drive

Sweden's traditional steel mill, SSAB is in an enviable position relative to its peers - for three reasons:1) Its plants are strategically well placed on both sides of the Atlantic; thus, it will not

SSAB's (STO:SSAB A) Dividend Is Being Reduced To SEK2.60

Mar 18
SSAB's (STO:SSAB A) Dividend Is Being Reduced To SEK2.60

SSAB AB (publ) (STO:SSAB A) Surges 28% Yet Its Low P/E Is No Reason For Excitement

Feb 07
SSAB AB (publ) (STO:SSAB A) Surges 28% Yet Its Low P/E Is No Reason For Excitement

SSAB's (STO:SSAB A) Shareholders Will Receive A Smaller Dividend Than Last Year

Feb 02
SSAB's (STO:SSAB A) Shareholders Will Receive A Smaller Dividend Than Last Year

Investors Will Want SSAB's (STO:SSAB A) Growth In ROCE To Persist

Dec 31
Investors Will Want SSAB's (STO:SSAB A) Growth In ROCE To Persist
author-image

Oxelosund And Lulea Transformations With Electric Arc Furnaces Will Boost Earnings And Margins

SSAB's production transformation and focus on high-margin, niche products are expected to enhance revenue stability and net margins.

SSAB AB (publ)'s (STO:SSAB A) Price Is Out Of Tune With Revenues

Dec 10
SSAB AB (publ)'s (STO:SSAB A) Price Is Out Of Tune With Revenues

These 4 Measures Indicate That SSAB (STO:SSAB A) Is Using Debt Reasonably Well

Nov 16
These 4 Measures Indicate That SSAB (STO:SSAB A) Is Using Debt Reasonably Well

SSAB AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Oct 26
SSAB AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Estimating The Fair Value Of SSAB AB (publ) (STO:SSAB A)

Oct 23
Estimating The Fair Value Of SSAB AB (publ) (STO:SSAB A)

Returns At SSAB (STO:SSAB A) Are On The Way Up

Sep 18
Returns At SSAB (STO:SSAB A) Are On The Way Up

Shareholder Returns

SSAB ASE Metals and MiningSE Market
7D2.9%1.9%1.2%
1Y-1.1%-8.5%-2.0%

Return vs Industry: SSAB A exceeded the Swedish Metals and Mining industry which returned -8.5% over the past year.

Return vs Market: SSAB A matched the Swedish Market which returned -2% over the past year.

Price Volatility

Is SSAB A's price volatile compared to industry and market?
SSAB A volatility
SSAB A Average Weekly Movement5.1%
Metals and Mining Industry Average Movement7.2%
Market Average Movement6.6%
10% most volatile stocks in SE Market14.0%
10% least volatile stocks in SE Market3.6%

Stable Share Price: SSAB A has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: SSAB A's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187814,637Johnny Sjöströmwww.ssab.com

SSAB AB (publ) engages in the production and sale of steel products in Sweden, Finland, the Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products.

SSAB AB (publ) Fundamentals Summary

How do SSAB's earnings and revenue compare to its market cap?
SSAB A fundamental statistics
Market capSEK 57.55b
Earnings (TTM)SEK 5.07b
Revenue (TTM)SEK 101.79b
11.5x
P/E Ratio
0.6x
P/S Ratio

Is SSAB A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SSAB A income statement (TTM)
RevenueSEK 101.79b
Cost of RevenueSEK 89.05b
Gross ProfitSEK 12.75b
Other ExpensesSEK 7.67b
EarningsSEK 5.07b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Jul 23, 2025

Earnings per share (EPS)5.09
Gross Margin12.52%
Net Profit Margin4.98%
Debt/Equity Ratio9.4%

How did SSAB A perform over the long term?

See historical performance and comparison

Dividends

4.4%
Current Dividend Yield
51%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/07 10:55
End of Day Share Price 2025/07/07 00:00
Earnings2025/03/31
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

SSAB AB (publ) is covered by 44 analysts. 14 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
Tom ZhangBarclays
Alessandro AbateBerenberg