SSAB AB (publ)

OTCPK:SSAA.F Stock Report

Market Cap: US$4.7b

SSAB Valuation

Is SSAA.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 SSAA.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SSAA.F ($5.07) is trading above our estimate of fair value ($4.77)

Significantly Below Fair Value: SSAA.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SSAA.F?

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

The above table shows the Price to Earnings ratio for SSAA.F. This is calculated by dividing SSAA.F's market cap by their current earnings.
What is SSAA.F's PE Ratio?
PE Ratio6.6x
EarningsSEK 7.94b
Market CapSEK 51.52b

Price to Earnings Ratio vs Peers

How does SSAA.F's PE Ratio compare to its peers?

The above table shows the PE ratio for SSAA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.2x
TX Ternium
84.8x45.2%US$6.7b
CMC Commercial Metals
14x6.1%US$6.8b
ARCH Arch Resources
16.8x43.3%US$3.0b
HCC Warrior Met Coal
9.3x-3.8%US$3.4b
SSAA.F SSAB
6.6x-0.8%US$51.5b

Price-To-Earnings vs Peers: SSAA.F is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (31x).

Price to Earnings Ratio vs Industry

How does SSAA.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.7xn/aUS$6.14m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
SSAA.F 6.6xIndustry Avg. 19.1xNo. of Companies5PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SSAA.F is good value based on its Price-To-Earnings Ratio (6.6x) compared to the US Metals and Mining industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is SSAA.F'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.

SSAA.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SSAA.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 SSAA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$5.55
0%
12.7%US$6.69US$4.64n/a13
Nov ’25US$4.50
US$5.83
+29.5%
15.4%US$7.70US$4.79n/a13
Oct ’25US$5.40
US$6.80
+26.0%
14.3%US$8.37US$5.51n/a13
Sep ’25n/a
US$6.82
0%
12.4%US$8.29US$5.56n/a14
Aug ’25n/a
US$6.69
0%
17.3%US$9.69US$5.26n/a14
Jul ’25US$5.55
US$7.28
+31.1%
18.0%US$9.93US$5.39n/a14
Jun ’25US$6.13
US$7.45
+21.5%
18.8%US$9.68US$5.35n/a14
May ’25US$5.51
US$7.47
+35.6%
18.4%US$9.64US$5.33n/a14
Apr ’25n/a
US$8.47
0%
20.6%US$12.24US$5.18n/a14
Mar ’25US$8.23
US$8.64
+5.0%
20.3%US$12.46US$5.27n/a14
Feb ’25n/a
US$8.65
0%
19.2%US$11.55US$5.29n/a14
Jan ’25US$7.77
US$8.04
+3.5%
23.7%US$11.49US$5.27n/a13
Dec ’24n/a
US$8.05
0%
23.8%US$11.61US$5.32n/a13
Nov ’24n/a
US$7.26
0%
20.8%US$9.40US$4.92US$4.5013
Oct ’24US$5.50
US$7.68
+39.6%
16.5%US$9.63US$5.72US$5.4012
Sep ’24US$5.52
US$7.88
+42.8%
17.4%US$10.07US$5.95n/a12
Aug ’24US$6.44
US$8.33
+29.3%
18.4%US$10.92US$6.17n/a12
Jul ’24n/a
US$8.42
0%
19.6%US$10.82US$5.60US$5.5512
Jun ’24US$6.22
US$8.55
+37.5%
19.8%US$11.01US$5.74US$6.1312
May ’24US$7.37
US$8.35
+13.3%
18.5%US$10.88US$5.83US$5.5112
Apr ’24n/a
US$7.74
0%
18.3%US$10.61US$5.31n/a12
Mar ’24n/a
US$7.02
0%
25.8%US$10.61US$3.18US$8.2312
Feb ’24US$7.08
US$6.91
-2.4%
25.3%US$10.52US$3.16n/a12
Jan ’24US$5.40
US$6.64
+23.0%
23.4%US$10.08US$3.55US$7.7714
Dec ’23US$5.38
US$6.79
+26.2%
22.6%US$10.18US$3.49n/a14
Nov ’23US$4.84
US$6.37
+31.5%
22.3%US$9.59US$3.29n/a14

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

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