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SSAB A logo

SSAB AB (publ)OM:SSAB A Stock Report

Market Cap SEK 60.5b
Share Price
SEK 62.54
My Fair Value
n/a
1Y20.5%
7D4.7%
Portfolio Value
​
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SSAB AB (publ)

OM:SSAB A Stock Report

Market Cap: SEK 60.5b

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 Growth2/6
Past Performance2/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 63% below our estimate of its fair value

Earnings are forecast to grow 14.7% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 4.16% is not well covered by free cash flows

Profit margins (5.1%) are lower than last year (7.5%)


SSAB A Community Fair Values

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See what 114 others think this stock is worth. Follow their fair value or set your own to get alerts.

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SSAB

Decarbonization Delays And Overcapacity Will Threaten Margins

Key Takeaways Delays in decarbonization efforts and exposure to low-cost global competition threaten SSAB's ability to maintain premium pricing and strong margins. Structural declines in core market demand and inflexible cost base elevate risks of stagnant revenues and reduced profitability under shifting industry dynamics.
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SEK 52
FV
20.3% overvalued intrinsic discount
-0.029%
Revenue growth p.a.
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SSAB

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.
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SEK 86.87
FV
28.0% undervalued intrinsic discount
5.00%
Revenue growth p.a.
8users have liked this narrative
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64users have followed this narrative
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SSAB

HYBRIT Initiative And European Demand Will Advance Decarbonized Steel

Key Takeaways Leadership in fossil-free and specialty steels, aligned with decarbonization trends, is boosting demand, pricing power, and supporting higher revenue growth and margin expansion. Expanding into high-margin segments and streamlining operations reduces earnings volatility, while regulatory shifts and green policies underpin resilient market position and profitability.
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SEK 69.88
FV
10.5% undervalued intrinsic discount
1.75%
Revenue growth p.a.
0users have liked this narrative
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27users have followed this narrative
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SSAB

Decarbonization And Electrification Will Unlock Fossil-Free Steel Markets

Key Takeaways SSAB's unique products, fossil-free leadership, and strategic partnerships position it for premium growth, margin gains, and pricing power beyond current market expectations. Rising demand from resilient sectors, operational efficiency, favorable trade dynamics, and sustainability trends enable stable, recurring high-margin growth despite industry cyclicality.
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SEK 80
FV
21.8% undervalued intrinsic discount
5.95%
Revenue growth p.a.
0users have liked this narrative
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1users have followed this narrative
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SSAB AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for SSAB
Historical stock prices
Current Share PriceSEK 62.54
52 Week HighSEK 73.10
52 Week LowSEK 43.21
Beta1.2
1 Month Change1.89%
3 Month Change10.34%
1 Year Change20.50%
3 Year Change8.77%
5 Year Change143.06%
Change since IPO815.22%

Recent News & Updates

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

Oct 02
We Think SSAB (STO:SSAB A) Can Stay On Top Of Its Debt

Recent updates

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

Oct 02
We Think SSAB (STO:SSAB A) Can Stay On Top Of Its Debt

Improved Earnings Required Before SSAB AB (publ) (STO:SSAB A) Shares Find Their Feet

Sep 03
Improved Earnings Required Before SSAB AB (publ) (STO:SSAB A) Shares Find Their Feet

A Look At The Intrinsic Value Of SSAB AB (publ) (STO:SSAB A)

Aug 13
A Look At The Intrinsic Value Of SSAB AB (publ) (STO:SSAB A)

SSAB AB (publ) Just Missed Revenue By 5.3%: Here's What Analysts Think Will Happen Next

Jul 26
SSAB AB (publ) Just Missed Revenue By 5.3%: Here's What Analysts Think Will Happen Next

The Return Trends At SSAB (STO:SSAB A) Look Promising

Jul 24
The Return Trends At SSAB (STO:SSAB A) Look Promising

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

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
User avatar

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

Shareholder Returns

SSAB ASE Metals and MiningSE Market
7D4.7%5.0%1.8%
1Y20.5%28.3%5.7%

Return vs Industry: SSAB A underperformed the Swedish Metals and Mining industry which returned 28.3% over the past year.

Return vs Market: SSAB A exceeded the Swedish Market which returned 5.7% over the past year.

Price Volatility

Is SSAB A's price volatile compared to industry and market?
SSAB A volatility
SSAB A Average Weekly Movement5.0%
Metals and Mining Industry Average Movement7.8%
Market Average Movement5.8%
10% most volatile stocks in SE Market12.1%
10% least volatile stocks in SE Market3.1%

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
187814,575Johnny 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 60.46b
Earnings (TTM)SEK 4.95b
Revenue (TTM)SEK 97.73b
12.6x
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 97.73b
Cost of RevenueSEK 85.33b
Gross ProfitSEK 12.40b
Other ExpensesSEK 7.45b
EarningsSEK 4.95b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

Jan 28, 2026

Earnings per share (EPS)4.97
Gross Margin12.69%
Net Profit Margin5.06%
Debt/Equity Ratio9.3%

How did SSAB A perform over the long term?

See historical performance and comparison

Dividends

4.2%
Current Dividend Yield
52%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/13 18:39
End of Day Share Price 2025/11/13 00:00
Earnings2025/09/30
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 35 analysts. 13 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