OM:SSAB A

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Executive Summary

SSAB AB (publ) produces and sells steel products in Sweden.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has SSAB's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SSAB A's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.1%

SSAB A

0.5%

SE Metals and Mining

4.1%

SE Market


1 Year Return

-20.1%

SSAB A

-10.8%

SE Metals and Mining

8.9%

SE Market

Return vs Industry: SSAB A underperformed the Swedish Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: SSAB A underperformed the Swedish Market which returned 8.7% over the past year.


Shareholder returns

SSAB AIndustryMarket
7 Day4.1%0.5%4.1%
30 Day-2.4%0.8%5.8%
90 Day-20.1%-6.3%-2.2%
1 Year-20.1%-20.1%-8.8%-10.8%10.4%8.9%
3 Year-30.7%-34.9%-15.4%-22.5%11.5%-3.4%
5 Year-49.2%-52.2%-7.5%-18.9%30.8%5.3%

Price Volatility Vs. Market

How volatile is SSAB's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SSAB undervalued compared to its fair value and its price relative to the market?

0.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SSAB A (SEK23.31) is trading above our estimate of fair value (SEK23.05)

Significantly Below Fair Value: SSAB A is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SSAB A is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: SSAB A is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SSAB A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SSAB A is good value based on its PB Ratio (0.4x) compared to the SE Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is SSAB forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

88.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSAB A is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: SSAB A is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SSAB A's is expected to become profitable in the next 3 years.

Revenue vs Market: SSAB A's revenue (5% per year) is forecast to grow slower than the Swedish market (5.9% per year).

High Growth Revenue: SSAB A's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SSAB A's Return on Equity is forecast to be low in 3 years time (4%).


Next Steps

Past Performance

How has SSAB performed over the past 5 years?

46.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSAB A is currently unprofitable.

Growing Profit Margin: SSAB A is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SSAB A is unprofitable, but has reduced losses over the past 5 years at a rate of 46.5% per year.

Accelerating Growth: Unable to compare SSAB A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SSAB A is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-25%).


Return on Equity

High ROE: SSAB A has a negative Return on Equity (-0.021%), as it is currently unprofitable.


Next Steps

Financial Health

How is SSAB's financial position?


Financial Position Analysis

Short Term Liabilities: SSAB A's short term assets (SEK39.7B) exceed its short term liabilities (SEK25.1B).

Long Term Liabilities: SSAB A's short term assets (SEK39.7B) exceed its long term liabilities (SEK14.2B).


Debt to Equity History and Analysis

Debt Level: SSAB A's debt to equity ratio (28.3%) is considered satisfactory.

Reducing Debt: SSAB A's debt to equity ratio has reduced from 63.1% to 28.3% over the past 5 years.

Debt Coverage: SSAB A's debt is well covered by operating cash flow (21.7%).

Interest Coverage: Insufficient data to determine if SSAB A's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is SSAB's current dividend yield, its reliability and sustainability?

4.87%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SSAB A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SSAB A's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SSAB A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SSAB A's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SSAB A is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SSAB A's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Martin Lindqvist (49yo)

9.33yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Martin Lindqvist
President9.33yrsno data0.0032% SEK754.6k
Håkan Folin
Executive VP & CFO7yrsno data0.0015% SEK346.5k
Martin Pei
Executive VP & CTO4.17yrsno data0.00010% SEK23.7k
Per Hillström
Head of Investor Relations3.42yrsno datano data
Jonas Bergstrand
Executive VP4.17yrsno data0.0023% SEK555.3k
Christina Båge-Friborg
Executive VP and Head of Sustainability2.33yrsno data0.00044% SEK104.4k
Mia Widell
Head of Group Communicationsno datano datano data
Maria Långberg
Executive VP4.17yrsno data0.00068% SEK161.4k
Steven Hansen
VP & Chief Technical Officer of SSAB Americas11.83yrsno datano data
Tim Wensits
Chief Information Officer & VP of SSAB NAD11.83yrsno datano data

4.2yrs

Average Tenure

50yo

Average Age

Experienced Management: SSAB A's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Lindqvist
President9.33yrsno data0.0032% SEK754.6k
Annareetta Lumme-Timonen
Directorno datano datano data
Bengt Kjell
Chairman of the Board5yrskr2.11m0.0039% SEK920.7k
Pasi Laine
Independent Director3yrskr600.00k0.00055% SEK130.5k
Sture Bergvall
Employee Representative Director1.33yrsno datano data
Patrick Sjöholm
Employee Representative Directorno datano datano data
Marie Grönborg
Independent Director1yrkr735.00kno data
Petra Einarsson
Independent Director5.58yrskr710.00k0.00097% SEK230.2k
Tomas Karlsson
Employee Representative Directorno datano datano data
Marika Fredriksson
Independent Director4yrskr825.00k0.00010% SEK23.7k

4.0yrs

Average Tenure

55yo

Average Age

Experienced Board: SSAB A's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SSAB AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SSAB AB (publ)
  • Ticker: SSAB A
  • Exchange: OM
  • Founded: 1978
  • Industry: Steel
  • Sector: Materials
  • Market Cap: kr23.730b
  • Shares outstanding: 1.03b
  • Website: https://www.ssab.com

Number of Employees


Location

  • SSAB AB (publ)
  • Klarabergsviadukten 70, D6
  • PO Box 70
  • Stockholm
  • Stockholm County
  • 101 21
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSAB BOM (OMX Nordic Exchange Stockholm)Class B SharesSESEKAug 1992
0MHZLSE (London Stock Exchange)Class B SharesGBSEKAug 1992
SSABBSBATS-CHIXE (BATS 'Chi-X Europe')Class B SharesGBSEKAug 1992
SSABBHHLSE (OMX Nordic Exchange Helsinki)Class B SharesFIEURAug 1992
SSABBHBATS-CHIXE (BATS 'Chi-X Europe')Class B SharesGBEURAug 1992
SSAB AOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKOct 1992
SKWADB (Deutsche Boerse AG)YesClass A SharesDEEUROct 1992
SSAA.FOTCPK (Pink Sheets LLC)YesClass A SharesUSUSDOct 1992
0KIILSE (London Stock Exchange)YesClass A SharesGBSEKOct 1992
SSABASBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKOct 1992
SSABAHHLSE (OMX Nordic Exchange Helsinki)YesClass A SharesFIEUROct 1992
SSABAHBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBEUROct 1992
SSAA.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDFeb 2010

Biography

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; structural steel; pre-hardened tool steel; and protection plates, as well as quenched and tempered steels, hot-rolled, and 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, infrastructure, and cut-to-length and slit 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 services, as well as operates service centers. 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. SSAB AB (publ) was founded in 1978 and is headquartered in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 21:41
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.