SSAB
SSAB AB (publ) produces and sells steel products in Sweden. The last earnings update was 31 days ago. More info.
Add to Portfolio Compare Print
SSAB A Share Price and Events
7 Day Returns
1 Year Returns
SSAB A Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| SSAB (SSAB A) | -2.1% | -13.6% | -14.3% | -35.6% | 11.3% | -51.2% |
| SE Metals and Mining | -3.8% | -19.3% | -11.8% | -30.3% | 35.3% | -0.7% |
| SE Market | -1.7% | -5% | 0.2% | -1% | 10% | 15% |
1 Year Return vs Industry and Market
- SSAB A underperformed the Metals and Mining industry which returned -30.3% over the past year.
- SSAB A underperformed the Market in Sweden which returned -1% over the past year.
Price Volatility
Related Companies
SSAB A Value
Is SSAB undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
SSAB
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for SSAB.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 16 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.2% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.02 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.021 (1 + (1- 22%) (54.5%)) |
1.305 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.31 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.305 * 5.96%) |
8.21% |
Discounted Cash Flow Calculation for OM:SSAB A using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for SSAB is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (SEK, Millions) | Source |
Present Value Discounted (@ 8.21%) |
|
|---|---|---|---|
| 2019 | 5,035.81 | Analyst x9 | 4,653.60 |
| 2020 | 4,982.26 | Analyst x9 | 4,254.66 |
| 2021 | 5,164.17 | Analyst x6 | 4,075.30 |
| 2022 | 4,753.00 | Analyst x1 | 3,466.14 |
| 2023 | 4,470.00 | Analyst x1 | 3,012.35 |
| 2024 | 4,349.87 | Est @ -2.69% | 2,708.91 |
| 2025 | 4,273.71 | Est @ -1.75% | 2,459.47 |
| 2026 | 4,226.89 | Est @ -1.1% | 2,247.91 |
| 2027 | 4,199.99 | Est @ -0.64% | 2,064.07 |
| 2028 | 4,186.75 | Est @ -0.32% | 1,901.40 |
| Present value of next 10 years cash flows | SEK30,843.81 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= SEK4,186.75 × (1 + 0.43%) ÷ (8.21% – 0.43%) |
SEK54,055.41 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= SEK54,055.41 ÷ (1 + 8.21%)10 |
SEK24,549.09 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= SEK30,843.81 + SEK24,549.09 |
SEK55,392.91 |
| Equity Value per Share (SEK) |
= Total value / Shares Outstanding
= SEK55,392.91 / 1,029.84 |
SEK53.79 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK53.79 |
| Current discount | Discount to share price of
SEK31.27
= -1 x (SEK31.27 - SEK53.79) / SEK53.79 |
41.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- SSAB's share price is below the future cash flow value, and at a moderate discount (> 20%).
- SSAB's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for SSAB's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
SSAB's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in SEK | SEK4.04 |
| OM:SSAB A Share Price ** | OM (2019-05-24) in SEK | SEK31.27 |
| Sweden Metals and Mining Industry PE Ratio | Median Figure of 5 Publicly-Listed Metals and Mining Companies | 9.83x |
| Sweden Market PE Ratio | Median Figure of 323 Publicly-Listed Companies | 16.62x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of SSAB.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:SSAB A Share Price ÷ EPS (both in SEK) = 31.27 ÷ 4.04 |
7.73x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SSAB is good value based on earnings compared to the SE Metals and Mining industry average.
- SSAB is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does
SSAB's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.73x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts |
2.2%per year |
| Europe Metals and Mining Industry PEG Ratio | Median Figure of 64 Publicly-Listed Metals and Mining Companies | 0.68x |
| Sweden Market PEG Ratio | Median Figure of 235 Publicly-Listed Companies | 1.31x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.73x ÷ 2.2% |
3.53x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SSAB is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
SSAB's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in SEK | SEK60.31 |
| OM:SSAB A Share Price * | OM (2019-05-24) in SEK | SEK31.27 |
| Sweden Metals and Mining Industry PB Ratio | Median Figure of 11 Publicly-Listed Metals and Mining Companies | 1.48x |
| Sweden Market PB Ratio | Median Figure of 568 Publicly-Listed Companies | 2.47x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:SSAB A Share Price ÷ Book Value per Share (both in SEK) = 31.27 ÷ 60.31 |
0.52x |
* Primary Listing of SSAB.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SSAB is good value based on assets compared to the SE Metals and Mining industry average.
Value checks
We assess SSAB's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) SSAB has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
SSAB A Future Performance
How is SSAB expected to perform in the next 1 to 3 years based on estimates from 16 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- SSAB's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- SSAB's earnings growth is positive but not above the Sweden market average.
- SSAB's revenues are expected to decrease over the next 1-3 years, this is below the Sweden market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:SSAB A Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts | 2.2% |
| OM:SSAB A Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts | -0.6% |
| Sweden Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | -2.4% |
| Sweden Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | -0.5% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.7% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 7,295 | |||
| 2022-12-31 | 74,821 | 7,529 | 3,640 | 1 |
| 2021-12-31 | 76,987 | 7,695 | 4,167 | 11 |
| 2020-12-31 | 76,222 | 7,590 | 3,888 | 16 |
| 2019-12-31 | 77,632 | 7,549 | 3,841 | 15 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 77,570 | 7,284 | 4,164 |
| 2018-12-31 | 74,941 | 6,750 | 3,549 |
| 2018-09-30 | 72,706 | 7,453 | 3,186 |
| 2018-06-30 | 69,857 | 6,981 | 2,887 |
| 2018-03-31 | 67,708 | 6,438 | 2,460 |
| 2017-12-31 | 66,059 | 6,650 | 2,295 |
| 2017-09-30 | 63,484 | 4,786 | 2,034 |
| 2017-06-30 | 60,773 | 3,934 | 2,044 |
| 2017-03-31 | 58,129 | 4,080 | 1,571 |
| 2016-12-31 | 55,354 | 3,297 | 937 |
| 2016-09-30 | 53,411 | 3,839 | 192 |
| 2016-06-30 | 53,528 | 3,269 | -683 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
All data from SSAB Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 3.53 | 3.53 | 3.53 | 1.00 |
| 2021-12-31 | 3.57 | 4.72 | 2.09 | 9.00 |
| 2020-12-31 | 3.48 | 4.60 | 2.04 | 15.00 |
| 2019-12-31 | 3.57 | 4.14 | 2.76 | 14.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2019-03-31 | 4.04 |
| 2018-12-31 | 3.45 |
| 2018-09-30 | 3.09 |
| 2018-06-30 | 2.80 |
| 2018-03-31 | 2.39 |
| 2017-12-31 | 2.23 |
| 2017-09-30 | 2.20 |
| 2017-06-30 | 2.21 |
| 2017-03-31 | 1.82 |
| 2016-12-31 | 1.18 |
| 2016-09-30 | 0.31 |
| 2016-06-30 | -1.24 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess SSAB's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
SSAB has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
SSAB A Past Performance
How has SSAB performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- SSAB has delivered over 20% year on year earnings growth in the past 5 years.
- SSAB's 1-year earnings growth exceeds its 5-year average (69.3% vs 68%)
- SSAB's earnings growth has exceeded the SE Metals and Mining industry average in the past year (69.3% vs 6.5%).
Earnings and Revenue History
All data from SSAB Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 77,570.00 | 4,164.00 | 4,852.00 | |
| 2018-12-31 | 74,941.00 | 3,549.00 | 4,691.00 | |
| 2018-09-30 | 72,706.00 | 3,186.00 | 4,429.00 | |
| 2018-06-30 | 69,857.00 | 2,887.00 | 4,300.00 | |
| 2018-03-31 | 67,708.00 | 2,460.00 | 4,224.00 | |
| 2017-12-31 | 66,059.00 | 2,295.00 | 4,210.00 | |
| 2017-09-30 | 63,484.00 | 2,034.00 | 4,178.00 | |
| 2017-06-30 | 60,773.00 | 2,044.00 | 4,209.00 | |
| 2017-03-31 | 58,129.00 | 1,571.00 | 4,163.00 | |
| 2016-12-31 | 55,354.00 | 937.00 | 4,169.00 | |
| 2016-09-30 | 53,411.00 | 192.00 | 4,263.00 | |
| 2016-06-30 | 53,528.00 | -683.00 | 4,319.00 | |
| 2016-03-31 | 54,360.00 | -926.00 | 4,464.00 | |
| 2015-12-31 | 56,864.00 | -508.00 | 4,636.00 | |
| 2015-09-30 | 59,565.00 | -1,147.00 | 4,788.00 | |
| 2015-06-30 | 59,285.00 | -1,031.00 | 4,766.00 | |
| 2015-03-31 | 53,699.00 | -1,065.00 | 4,289.00 | |
| 2014-12-31 | 47,752.00 | -1,399.00 | 3,728.00 | |
| 2014-09-30 | 41,939.00 | -351.00 | 3,155.00 | |
| 2014-06-30 | 37,320.00 | -702.00 | 2,762.00 | |
| 2014-03-31 | 37,143.00 | -979.00 | 2,665.00 | |
| 2013-12-31 | 36,455.00 | -1,066.00 | 2,658.00 | |
| 2013-09-30 | 35,422.00 | -1,028.00 | 2,747.00 | |
| 2013-06-30 | 35,457.00 | -1,027.00 | 2,835.00 | |
| 2013-03-31 | 36,733.00 | -403.00 | 2,977.00 | |
| 2012-12-31 | 38,923.00 | 15.00 | 2,976.00 | |
| 2012-09-30 | 41,467.00 | 166.00 | 2,840.00 | |
| 2012-06-30 | 43,654.00 | 1,071.00 | 2,878.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- SSAB has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- SSAB used its assets less efficiently than the SE Metals and Mining industry average last year based on Return on Assets.
- SSAB has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess SSAB's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
SSAB has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
SSAB A Health
How is SSAB's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up SSAB's finances.
The net worth of a company is the difference between its assets and liabilities.
- SSAB is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- SSAB's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from SSAB Company Filings, last reported 1 month ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 62,244.00 | 16,130.00 | 4,873.00 |
| 2018-12-31 | 59,515.00 | 13,216.00 | 2,598.00 |
| 2018-09-30 | 58,588.00 | 16,100.00 | 4,148.00 |
| 2018-06-30 | 58,254.00 | 16,100.00 | 2,134.00 |
| 2018-03-31 | 55,321.00 | 17,776.00 | 3,862.00 |
| 2017-12-31 | 53,294.00 | 18,064.00 | 4,249.00 |
| 2017-09-30 | 52,568.00 | 21,083.00 | 4,865.00 |
| 2017-06-30 | 52,693.00 | 21,837.00 | 3,687.00 |
| 2017-03-31 | 53,007.00 | 22,756.00 | 3,371.00 |
| 2016-12-31 | 52,940.00 | 23,248.00 | 3,879.00 |
| 2016-09-30 | 51,731.00 | 22,862.00 | 3,801.00 |
| 2016-06-30 | 50,357.00 | 23,564.00 | 4,554.00 |
| 2016-03-31 | 43,826.00 | 27,034.00 | 2,629.00 |
| 2015-12-31 | 44,441.00 | 27,111.00 | 2,711.00 |
| 2015-09-30 | 45,374.00 | 27,907.00 | 1,420.00 |
| 2015-06-30 | 45,288.00 | 28,589.00 | 2,275.00 |
| 2015-03-31 | 46,283.00 | 29,212.00 | 1,848.00 |
| 2014-12-31 | 43,879.00 | 29,667.00 | 3,014.00 |
| 2014-09-30 | 43,683.00 | 31,730.00 | 6,422.00 |
| 2014-06-30 | 28,173.00 | 24,467.00 | 7,465.00 |
| 2014-03-31 | 27,183.00 | 20,311.00 | 2,689.00 |
| 2013-12-31 | 27,149.00 | 18,690.00 | 2,124.00 |
| 2013-09-30 | 27,284.00 | 18,840.00 | 2,193.00 |
| 2013-06-30 | 28,820.00 | 19,324.00 | 2,046.00 |
| 2013-03-31 | 28,607.00 | 19,446.00 | 2,119.00 |
| 2012-12-31 | 28,769.00 | 19,424.00 | 3,004.00 |
| 2012-09-30 | 29,225.00 | 18,421.00 | 2,166.00 |
| 2012-06-30 | 31,165.00 | 19,467.00 | 1,900.00 |
- SSAB's level of debt (25.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (74.9% vs 25.9% today).
- Debt is well covered by operating cash flow (45.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13.6x coverage).
Financial health checks
We assess SSAB's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) SSAB has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
SSAB A Dividends
What is SSAB's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
SEK2,000 of
SSAB
shares you are expected to receive
SEK96
in your first year as a dividend.
Dividend Amount
- SSAB's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.82%).
- SSAB's dividend is above the markets top 25% of dividend payers in Sweden (4.39%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Sweden Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 5 Stocks | 5.3% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 244 Stocks | 3.3% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.8% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 1.63 | 10.00 |
| 2020-12-31 | 1.62 | 16.00 |
| 2019-12-31 | 1.63 | 16.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-08 | 1.500 | 4.385 |
| 2018-04-10 | 1.000 | 2.566 |
| 2014-10-27 | 0.000 | 0.000 |
| 2014-07-23 | 0.000 | 0.000 |
| 2014-04-25 | 0.000 | 0.000 |
| 2014-03-19 | 0.000 | 0.000 |
| 2014-02-07 | 0.000 | 0.000 |
| 2013-04-12 | 1.000 | 2.207 |
| 2012-07-26 | 2.000 | 3.890 |
| 2012-03-26 | 2.000 | 3.409 |
| 2011-04-12 | 2.000 | 2.893 |
| 2010-03-02 | 1.000 | 0.919 |
| 2010-02-10 | 1.000 | 0.843 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SSAB has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but SSAB only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of
SSAB's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.7x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
Income/ dividend checks
We assess SSAB's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can SSAB afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) SSAB has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SSAB A Management
CEO
| COMPENSATION | SEK0 |
| AGE | 56 |
| TENURE AS CEO | 8.3 years |
CEO Bio
Mr. Martin Lindqvist, B.Sc. (Economics) Eng, M.B.A, has been the Chief Executive Officer and President of SSAB AB since January 01, 2011. Mr. Lindqvist is employed at SSAB since 1998. He has been the Chief Financial Officer at Atrium Ljungberg AB (publ.) since March 23, 2016 and also serves as its Business Area Director. He served as a Group Vice President of Munters AB since March 1, 2009 and also served as its Chief Financial Officer from March 1, 2009 to October 2011. He is the Chief Financial Officer of SSAB AB. He served as the Head of Control & Finance at SSAB AB since 1998 and its Head of EMEA Business Area from October 2009 to January 1, 2011. He is Chief Controller of NCC. He served as a Business Area Manager for operations in Europe, the Middle East and Africa at SSAB. He served as the Head of Strip Products Division at SSAB AB from August 1, 2008 to October 2009. He is the Chairman of Swedish Steel Producers Association. He is a Director of Swedish Association of Industrial Employers. He served as the Chief Financial Officer of SSAB AB until July 31, 2008. He held Various positions within Tetra Pak Sweden and Italy, Trelleborg in Mexico and served as Group Controller of Mercuri Urval Group. He has been the Chairman of Rautaruukki Corporation since August 27, 2014. He has been a Director of Svenska Cellulosa Aktiebolaget SCA (publ) since June 15, 2017. He has been a Director of SSAB AB since April 12, 2011. He served as Director of Indutrade AB (publ) since April 27, 2011. Mr. Lindqvist holds a Bachelor of Science in Economics from University of Uppsala and an M.Sc in Business Administration from Mid Sweden University.
CEO Compensation
- Insufficient data for Martin to compare compensation growth.
- Martin's remuneration is lower than average for companies of similar size in Sweden.
Management Team Tenure
Average tenure and age of the SSAB management team in years:
- The tenure for the SSAB management team is about average.
Management Team
Martin Lindqvist
President
56
8.3 yrs
Håkan Folin
Executive VP & CFO
42
6 yrs
Martin Pei
Executive VP & CTO
55
3.2 yrs
Per Hillström
Head of Investor Relations
2.4 yrs
Jonas Bergstrand
Executive VP
53
3.3 yrs
Viktoria Karsberg
Head of Corporate Identity & Communications
Riikka Friman
Head of Corporate Identity & Marketing
Maria Långberg
Executive VP
48
3.3 yrs
Steve Hansen
VP & Chief Technical Officer of SSAB Americas
68
10.9 yrs
Tim Wensits
Chief Information Officer & VP of SSAB NAD
10.9 yrs
Board of Directors Tenure
Average tenure and age of the SSAB board of directors in years:
- The average tenure for the SSAB board of directors is less than 3 years, this suggests a new board.
Board of Directors
Bengt Kjell
Chairman
SEK2M
64
4.1 yrs
Martin Lindqvist
President
56
8.1 yrs
Matti Lievonen
Vice Chairman of the Board
SEK905K
60
1.3 yrs
Marika Fredriksson
Director
SEK785K
55
3.1 yrs
Sture Bergvall
Employee Representative Director
62
0.3 yrs
Petra Einarsson
Director
SEK680K
51
4.7 yrs
Tomas Westman
Employee Representative Director
63
0.3 yrs
Tomas Karlsson
Employee Representative Director
56
4.3 yrs
Pasi Laine
Director
SEK575K
55
2.1 yrs
Mikael Henriksson
Employee Representative Director
57
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess SSAB's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) SSAB has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
SSAB A News
Simply Wall St News
Is There An Opportunity With SSAB AB (publ)'s (STO:SSAB A) 41% Undervaluation?
In this article we are going to estimate the intrinsic value of SSAB AB (publ) (STO:SSAB A) by taking the expected future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (SEK, Millions) SEK5.04k SEK4.98k SEK5.16k SEK4.75k SEK4.47k SEK4.35k SEK4.27k SEK4.23k SEK4.20k SEK4.19k Growth Rate Estimate Source Analyst x9 Analyst x9 Analyst x6 Analyst x1 Analyst x1 Est @ -2.69% Est @ -1.75% Est @ -1.1% Est @ -0.64% Est @ -0.32% Present Value (SEK, Millions) Discounted @ 8.31% SEK4.65k SEK4.25k SEK4.06k SEK3.45k SEK3.00k SEK2.69k SEK2.44k SEK2.23k SEK2.05k SEK1.88k Present Value of 10-year Cash Flow (PVCF)= SEK30.72b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … OM:SSAB A Intrinsic value, May 21st 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleHere's What SSAB AB (publ)'s (STO:SSAB A) P/E Ratio Is Telling Us
We'll look at SSAB AB (publ)'s (STO:SSAB A) P/E ratio and reflect on what it tells us about the company's share price. … Looking at earnings over the last twelve months, SSAB has a P/E ratio of 8.27. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat You Must Know About SSAB AB (publ)'s (STO:SSAB A) Financial Health
Mid-caps stocks, like SSAB AB (publ) (STO:SSAB A) with a market capitalization of kr35b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … SSAB A’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … See our latest analysis for SSAB
Simply Wall St - – Full articleWhat To Know Before Buying SSAB AB (publ) (STO:SSAB A) For Its Dividend
Dividend paying stocks like SSAB AB (publ) (STO:SSAB A) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … In this case, SSAB likely looks attractive to investors, given its 4.1% dividend yield and a payment history of over ten years.
Simply Wall St - – Full articleWhy Fundamental Investors Might Love SSAB AB (publ) (STO:SSAB A)
SSAB AB (publ) (STO:SSAB A) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of SSAB A, it.
Simply Wall St - – Full articleThe SSAB (STO:SSAB A) Share Price Is Down 29% So Some Shareholders Are Getting Worried
We also note that the stock has performed poorly over the last year, with the share price down 29%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … While it's not completely obvious why the share price is down, a closer look at the company's history might help explain it
Simply Wall St - – Full articleWhat Should You Know About The Future Of SSAB AB (publ)'s (STO:SSAB A)?
Help shape the future of investing tools and receive a $20 prize! … As SSAB AB (publ) (STO:SSAB A) released its earnings announcement on 31 December 2018, … analyst consensus outlook appear cautiously subdued,
Simply Wall St - – Full articleSSAB A Company Info
Description
SSAB AB (publ) produces and sells steel products in Sweden. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The company offers wear steels for payload and service life; structural steel; pre-hardened tool steel; and protection plates, as well as quenched and tempered steels, and hot-rolled advanced high-strength steel products. It also provides hot-rolled plates, hot-rolled strips, cold-rolled strips, metal-coated strips, color-coated strips, tubes and sections, and infrastructure products. In addition, the company offers heavy plates and coils; engineering steel and long products comprising beams, merchant bars, and hollow sections; stainless steel and non-ferrous metals primarily comprising aluminum and copper; steel roofs, rainwater systems, and accessories for residential construction; and components that include sandwich panels, load-bearing sheets, and façade claddings for non-residential construction. Further, it offers frame solutions used in non-residential buildings; bridges; design and installation services; parts and kits and wear parts; and prefabrication, engineering and processing, and value added services. It also exports its products primarily in Europe. The company markets its steel products under the Strenx, Hardox, Docol, GreenCoat, Toolox, Armox, SSAB Boron, SSAB Domex, SSAB Form, SSAB Laser, SSAB Weathering and Cor-Ten, and SSAB Multisteel brands. It provides its products for customers in the heavy transport, construction building and infrastructure, automotive, industrial, construction machinery, energy, and material handling, as well as service centers. SSAB AB (publ) was founded in 1978 and is headquartered in Stockholm, Sweden.
Details
| Name: | SSAB AB (publ) |
| SSAB A | |
| Exchange: | OM |
| Founded: | 1978 |
| SEK29,597,859,762 | |
| 1,029,835,326 | |
| Website: | http://www.ssab.com |
| Address: |
SSAB AB (publ) Klarabergsviadukten 70, D6, PO Box 70, Stockholm, Stockholm County, 101 21, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | SSAB A | Class A Shares | OMX Nordic Exchange Stockholm | SE | SEK | 07. Oct 1992 | |
| DB | SKWA | Class A Shares | Deutsche Boerse AG | DE | EUR | 07. Oct 1992 | |
| LSE | 0KII | Class A Shares | London Stock Exchange | GB | SEK | 07. Oct 1992 | |
| HLSE | SSABAH | Class A Shares | OMX Nordic Exchange Helsinki | FI | EUR | 07. Oct 1992 | |
| BATS-CHIXE | SSABAH | Class A Shares | BATS 'Chi-X Europe' | GB | EUR | 07. Oct 1992 | |
| BATS-CHIXE | SSABAS | Class A Shares | BATS 'Chi-X Europe' | GB | SEK | 07. Oct 1992 | |
| OTCPK | SSAA.Y | UNSPONSORED ADR | Pink Sheets LLC | US | USD | 24. Feb 2010 | |
| OM | SSAB B | Class B Shares | OMX Nordic Exchange Stockholm | SE | SEK | 19. Aug 1992 | |
| LSE | 0MHZ | Class B Shares | London Stock Exchange | GB | SEK | 19. Aug 1992 | |
| HLSE | SSABBH | Class B Shares | OMX Nordic Exchange Helsinki | FI | EUR | 19. Aug 1992 | |
| BATS-CHIXE | SSABBH | Class B Shares | BATS 'Chi-X Europe' | GB | EUR | 19. Aug 1992 | |
| BATS-CHIXE | SSABBS | Class B Shares | BATS 'Chi-X Europe' | GB | SEK | 19. Aug 1992 |
Number of employees
Current staff
Industry
| Steel | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/26 20:59 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/22 |
| Last earnings filing: | 2019/04/25 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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 here.
