Executive Summary
SSAB AB (publ) produces and sells steel products in Sweden.
Rewards
Risk Analysis
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 A | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | 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
1 week ago | Simply Wall St
SSAB (STO:SSAB A) Has Debt But No Earnings; Should You Worry?1 month ago | Simply Wall St
We Wouldn't Rely On SSAB's (STO:SSAB A) Statutory Earnings As A Guide2 months ago | Simply Wall St
How Does SSAB's (STO:SSAB A) P/E Compare To Its Industry, After The Share Price Drop?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.33yrs | no data | 0.0032% SEK754.6k | |
| Executive VP & CFO | 7yrs | no data | 0.0015% SEK346.5k | |
| Executive VP & CTO | 4.17yrs | no data | 0.00010% SEK23.7k | |
| Head of Investor Relations | 3.42yrs | no data | no data | |
| Executive VP | 4.17yrs | no data | 0.0023% SEK555.3k | |
| Executive VP and Head of Sustainability | 2.33yrs | no data | 0.00044% SEK104.4k | |
| Head of Group Communications | no data | no data | no data | |
| Executive VP | 4.17yrs | no data | 0.00068% SEK161.4k | |
| VP & Chief Technical Officer of SSAB Americas | 11.83yrs | no data | no data | |
| Chief Information Officer & VP of SSAB NAD | 11.83yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.33yrs | no data | 0.0032% SEK754.6k | |
| Director | no data | no data | no data | |
| Chairman of the Board | 5yrs | kr2.11m | 0.0039% SEK920.7k | |
| Independent Director | 3yrs | kr600.00k | 0.00055% SEK130.5k | |
| Employee Representative Director | 1.33yrs | no data | no data | |
| Employee Representative Director | no data | no data | no data | |
| Independent Director | 1yr | kr735.00k | no data | |
| Independent Director | 5.58yrs | kr710.00k | 0.00097% SEK230.2k | |
| Employee Representative Director | no data | no data | no data | |
| Independent Director | 4yrs | kr825.00k | 0.00010% 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SSAB B | OM (OMX Nordic Exchange Stockholm) | Class B Shares | SE | SEK | Aug 1992 | |
| 0MHZ | LSE (London Stock Exchange) | Class B Shares | GB | SEK | Aug 1992 | |
| SSABBS | BATS-CHIXE (BATS 'Chi-X Europe') | Class B Shares | GB | SEK | Aug 1992 | |
| SSABBH | HLSE (OMX Nordic Exchange Helsinki) | Class B Shares | FI | EUR | Aug 1992 | |
| SSABBH | BATS-CHIXE (BATS 'Chi-X Europe') | Class B Shares | GB | EUR | Aug 1992 | |
| SSAB A | OM (OMX Nordic Exchange Stockholm) | Yes | Class A Shares | SE | SEK | Oct 1992 |
| SKWA | DB (Deutsche Boerse AG) | Yes | Class A Shares | DE | EUR | Oct 1992 |
| SSAA.F | OTCPK (Pink Sheets LLC) | Yes | Class A Shares | US | USD | Oct 1992 |
| 0KII | LSE (London Stock Exchange) | Yes | Class A Shares | GB | SEK | Oct 1992 |
| SSABAS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class A Shares | GB | SEK | Oct 1992 |
| SSABAH | HLSE (OMX Nordic Exchange Helsinki) | Yes | Class A Shares | FI | EUR | Oct 1992 |
| SSABAH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class A Shares | GB | EUR | Oct 1992 |
| SSAA.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/31 21:41 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.