SAS AB (publ), together with its subsidiaries, provides passenger flight transportation services in the Nordic and international route network.
Undervalued with reasonable growth potential.
Share Price & News
How has SAS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SAS underperformed the Swedish Airlines industry which returned -13.1% over the past year.
Return vs Market: SAS underperformed the Swedish Market which returned 15.8% over the past year.
Price Volatility Vs. Market
How volatile is SAS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHow Should Investors React To SAS AB (publ)'s (STO:SAS) CEO Pay?
1 month ago | Simply Wall StBased On Its ROE, Is SAS AB (publ) (STO:SAS) A High Quality Stock?
2 months ago | Simply Wall StHow Do SAS AB (publ)’s (STO:SAS) Returns Compare To Its Industry?
Is SAS undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SAS (SEK9.62) is trading below our estimate of fair value (SEK371.87)
Significantly Below Fair Value: SAS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SAS is poor value based on its PE Ratio (18.6x) compared to the Airlines industry average (8.5x).
PE vs Market: SAS is good value based on its PE Ratio (18.6x) compared to the Swedish market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: SAS is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: SAS is good value based on its PB Ratio (0.8x) compared to the XE Airlines industry average (1.7x).
How is SAS forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAS's forecast earnings growth (79.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: SAS's earnings (79.1% per year) are forecast to grow faster than the Swedish market (7.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SAS's revenue (3.2% per year) is forecast to grow slower than the Swedish market (4.6% per year).
High Growth Revenue: SAS's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAS's Return on Equity is forecast to be high in 3 years time (25.3%)
How has SAS performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAS has a high level of non-cash earnings.
Growing Profit Margin: SAS's current net profit margins (0.4%) are lower than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: SAS has become profitable over the past 5 years, growing earnings by 27.1% per year.
Accelerating Growth: SAS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SAS had negative earnings growth (-84.6%) over the past year, making it difficult to compare to the Airlines industry average (-17%).
Return on Equity
High ROE: SAS's Return on Equity (5.2%) is considered low.
Return on Assets
Return on Capital Employed
How is SAS's financial position?
Financial Position Analysis
Short Term Liabilities: SAS's short term assets (SEK9.9B) do not cover its short term liabilities (SEK19.0B).
Long Term Liabilities: SAS's short term assets (SEK9.9B) do not cover its long term liabilities (SEK28.9B).
Debt to Equity History and Analysis
Debt Level: SAS's debt to equity ratio (282.2%) is considered high.
Reducing Debt: SAS's debt to equity ratio has increased from 281.2% to 282.2% over the past 5 years.
Debt Coverage: SAS's debt is well covered by operating cash flow (36.4%).
Interest Coverage: SAS's interest payments on its debt are well covered by EBIT (5.4x coverage).
Inventory Level: SAS has a high level of physical assets or inventory.
Debt Coverage by Assets: SAS's debt is not covered by short term assets (assets are 0.8x debt).
What is SAS's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SAS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SAS's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gusta Gustafson (55yo)
Mr. Richard Gustafson, also known as Gusta, has been Chief Executive Officer and President of SAS AB since February 1, 2011. Mr. Gustafson serves as the Chief Executive Officer at Scandinavian Airlines. He ...
CEO Compensation Analysis
Compensation vs Market: Gusta's total compensation ($USD1.84M) is above average for companies of similar size in the Swedish market ($USD548.44K).
Compensation vs Earnings: Gusta's compensation has been consistent with company performance over the past year.
|President & CEO||9yrs||kr17.73m||0.010% SEK430.2k|
|Executive VP & CFO||1.9yrs||no data||no data|
|Executive VP & CIO||0yrs||no data||no data|
|Vice President of Investor Relations||1.1yrs||no data||no data|
|General Counsel & Board Secretary||0yrs||no data||no data|
|Vice President of Communications||3.9yrs||no data||no data|
|Executive VP & Chief of Staff||5.3yrs||no data||no data|
|Executive VP & CCO||6yrs||no data||0.00052% SEK21.4k|
|EVP & Chief Services Officer and Member of Group Management||0.3yrs||no data||0.00065% SEK26.7k|
|Executive VP & COO of Airline Operations||0.3yrs||no data||no data|
Experienced Management: SAS's management team is considered experienced (2.9 years average tenure).
|Independent Vice Chairman of the Board||12.1yrs||kr435.00k||0.0011% SEK45.2k|
|Independent Director||10.1yrs||kr409.00k||0.0010% SEK43.2k|
|Independent Chairman of the Board||1.8yrs||kr692.00k||0.0092% SEK378.8k|
|Independent Director||1.8yrs||kr311.00k||no data|
|Independent Director||6.9yrs||kr311.00k||0.00055% SEK22.6k|
|Independent Director||6.9yrs||kr359.00k||0.0026% SEK107.3k|
|Employee Representative Director||1.1yrs||kr203.00k||no data|
|Employee Representative Director||3.1yrs||kr311.00k||no data|
|Employee Representative Director||2.1yrs||kr311.00k||no data|
|Independent Director||1.8yrs||kr359.00k||0.0026% SEK107.3k|
Experienced Board: SAS's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SAS AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: SAS AB (publ)
- Ticker: SAS
- Exchange: OM
- Founded: 1946
- Industry: Airlines
- Sector: Transportation
- Market Cap: kr4.113b
- Shares outstanding: 382.58m
- Website: https://www.sasgroup.net
Number of Employees
- SAS AB (publ)
- Frosundaviks alle 1
- Stockholm County
- 195 87
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SAS||OM (OMX Nordic Exchange Stockholm)||Yes||Common Shares||SE||SEK||Jul 2001|
|SAS NOK||OB (Oslo Bors)||Yes||Common Shares||NO||NOK||Jul 2001|
|SAS DKK||CPSE (OMX Nordic Exchange Copenhagen)||Yes||Common Shares||DK||DKK||Jul 2001|
|SASD.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jul 2001|
|SSV2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jul 2001|
|0O1W||LSE (London Stock Exchange)||Yes||Common Shares||GB||SEK||Jul 2001|
|SASS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||SEK||Jul 2001|
|SASC||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||DKK||Jul 2001|
|SASO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||NOK||Jul 2001|
|SASD.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Dec 2008|
SAS AB (publ), together with its subsidiaries, provides passenger flight transportation services in the Nordic and international route network. The company also provides ground handling services, technical maintenance and air cargo services. It operates a fleet of 158 aircraft. The company was founded in 1946 and is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 21:07|
|End of Day Share Price||2020/02/27 00:00|
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.