SSAB AB (publ)

OM:SSAB A Stock Report

Market Cap: SEK 57.2b

SSAB Valuation

Is SSAB A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SSAB A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 436.59
Fair Value
86.7% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: SSAB A (SEK58.08) is trading below our estimate of fair value (SEK436.59)

Significantly Below Fair Value: SSAB A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SSAB A?

Key metric: As SSAB A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SSAB A. This is calculated by dividing SSAB A's market cap by their current earnings.
What is SSAB A's PE Ratio?
PE Ratio8.9x
EarningsSEK 6.52b
Market CapSEK 57.21b

Price to Earnings Ratio vs Peers

How does SSAB A's PE Ratio compare to its peers?

The above table shows the PE ratio for SSAB A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
ALLEI Alleima
19.3x17.3%SEK 23.6b
BOL Boliden
11.9x10.8%SEK 103.0b
HOLM B Holmen
23.3x8.2%SEK 66.4b
HPOL B HEXPOL
15.8x6.1%SEK 35.0b
SSAB A SSAB
8.9x7.0%SEK 57.2b

Price-To-Earnings vs Peers: SSAB A is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

How does SSAB A's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SSAB A 8.9xIndustry Avg. 12.5xNo. of Companies15PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SSAB A is good value based on its Price-To-Earnings Ratio (8.9x) compared to the European Metals and Mining industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is SSAB A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SSAB A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: SSAB A is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SSAB A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 58.08
SEK 59.43
+2.3%
11.2%SEK 69.00SEK 44.00n/a14
Jan ’26SEK 44.97
SEK 59.73
+32.8%
12.9%SEK 73.50SEK 49.00n/a13
Dec ’25SEK 50.20
SEK 60.81
+21.1%
13.1%SEK 73.50SEK 49.00n/a13
Nov ’25SEK 50.86
SEK 62.08
+22.1%
15.4%SEK 82.00SEK 51.00n/a13
Oct ’25SEK 52.72
SEK 69.08
+31.0%
14.3%SEK 85.00SEK 56.00n/a13
Sep ’25SEK 49.83
SEK 69.93
+40.3%
12.4%SEK 85.00SEK 57.00n/a14
Aug ’25SEK 53.24
SEK 72.43
+36.0%
17.3%SEK 105.00SEK 57.00n/a14
Jul ’25SEK 58.22
SEK 76.93
+32.1%
18.0%SEK 105.00SEK 57.00n/a14
Jun ’25SEK 61.04
SEK 80.79
+32.3%
18.8%SEK 105.00SEK 58.00n/a14
May ’25SEK 62.46
SEK 81.36
+30.3%
18.4%SEK 105.00SEK 58.00n/a14
Apr ’25SEK 79.00
SEK 90.00
+13.9%
20.6%SEK 130.00SEK 55.00n/a14
Mar ’25SEK 79.50
SEK 90.21
+13.5%
20.3%SEK 130.00SEK 55.00n/a14
Feb ’25SEK 80.44
SEK 89.86
+11.7%
19.2%SEK 120.00SEK 55.00SEK 53.5414
Jan ’25SEK 76.68
SEK 84.00
+9.5%
23.7%SEK 120.00SEK 55.00SEK 44.9713
Dec ’24SEK 80.86
SEK 83.23
+2.9%
23.8%SEK 120.00SEK 55.00SEK 50.2013
Nov ’24SEK 67.06
SEK 81.08
+20.9%
20.8%SEK 105.00SEK 55.00SEK 50.8613
Oct ’24SEK 61.70
SEK 84.50
+37.0%
16.5%SEK 106.00SEK 63.00SEK 52.7212
Sep ’24SEK 63.98
SEK 86.08
+34.5%
17.4%SEK 110.00SEK 65.00SEK 49.8312
Aug ’24SEK 65.76
SEK 87.66
+33.3%
18.4%SEK 115.00SEK 65.00SEK 53.2412
Jul ’24SEK 76.62
SEK 90.25
+17.8%
19.6%SEK 116.00SEK 60.00SEK 58.2212
Jun ’24SEK 71.96
SEK 89.33
+24.1%
19.8%SEK 115.00SEK 60.00SEK 61.0412
May ’24SEK 72.66
SEK 85.92
+18.2%
18.5%SEK 112.00SEK 60.00SEK 62.4612
Apr ’24SEK 76.44
SEK 80.25
+5.0%
18.3%SEK 110.00SEK 55.00SEK 79.0012
Mar ’24SEK 77.00
SEK 72.75
-5.5%
25.8%SEK 110.00SEK 33.00SEK 79.5012
Feb ’24SEK 74.10
SEK 72.25
-2.5%
25.3%SEK 110.00SEK 33.00SEK 80.4412
Analyst Price Target
Consensus Narrative from 14 Analysts
SEK 59.43
Fair Value
2.3% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 07:38
End of Day Share Price 2025/02/06 00:00
Earnings2024/12/31
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 43 analysts. 15 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