Financials Saab AB

Equities

SAAB B

SE0000112385

Aerospace & Defense

Market Closed - Nasdaq Stockholm 11:29:35 2024-04-26 am EDT 5-day change 1st Jan Change
911.2 SEK -0.98% Intraday chart for Saab AB +1.63% +49.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 41,680 31,651 30,325 54,355 80,855 121,609 - -
Enterprise Value (EV) 1 48,749 35,924 32,450 51,923 83,198 118,589 117,257 113,048
P/E ratio 21.2 x 29.9 x 15.9 x 25 x 24.1 x 29.5 x 24.1 x 19.2 x
Yield - 1.96% 2.13% 1.29% 1.05% 0.94% 1.19% 1.42%
Capitalization / Revenue 1.18 x 0.89 x 0.77 x 1.29 x 1.57 x 2.04 x 1.79 x 1.6 x
EV / Revenue 1.38 x 1.01 x 0.83 x 1.24 x 1.61 x 1.99 x 1.73 x 1.49 x
EV / EBITDA 11.3 x 12.7 x 6.72 x 9.61 x 12.7 x 14.8 x 12.3 x 9.99 x
EV / FCF -30.3 x 12.3 x 10.2 x 22.2 x 28.5 x 46.7 x 37.1 x 22.3 x
FCF Yield -3.3% 8.1% 9.84% 4.51% 3.51% 2.14% 2.69% 4.48%
Price to Book 2.03 x 1.48 x 1.32 x 1.85 x 2.53 x 3.46 x 3.11 x 2.75 x
Nbr of stocks (in thousands) 132,824 132,153 131,676 132,347 133,073 133,460 - -
Reference price 2 313.8 239.5 230.3 410.7 607.6 911.2 911.2 911.2
Announcement Date 2/7/20 2/11/21 2/11/22 2/10/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 35,433 35,431 39,154 42,006 51,609 59,588 67,808 75,949
EBITDA 1 4,305 2,833 4,826 5,401 6,558 8,029 9,525 11,319
EBIT 1 2,937 2,738 2,888 3,274 4,272 5,519 6,725 8,260
Operating Margin 8.29% 7.73% 7.38% 7.79% 8.28% 9.26% 9.92% 10.88%
Earnings before Tax (EBT) 1 2,607 1,112 2,577 2,819 4,418 5,434 6,663 8,419
Net income 1 1,983 1,073 1,926 2,195 3,381 4,148 5,087 6,387
Net margin 5.6% 3.03% 4.92% 5.23% 6.55% 6.96% 7.5% 8.41%
EPS 2 14.81 8.010 14.45 16.41 25.16 30.84 37.82 47.47
Free Cash Flow 1 -1,607 2,909 3,193 2,344 2,924 2,540 3,159 5,062
FCF margin -4.54% 8.21% 8.15% 5.58% 5.67% 4.26% 4.66% 6.67%
FCF Conversion (EBITDA) - 102.68% 66.16% 43.4% 44.59% 31.63% 33.17% 44.72%
FCF Conversion (Net income) - 271.11% 165.78% 106.79% 86.48% 61.23% 62.1% 79.26%
Dividend per Share 2 - 4.700 4.900 5.300 6.400 8.586 10.81 12.98
Announcement Date 2/7/20 2/11/21 2/11/22 2/10/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 16,876 7,992 11,943 9,218 10,171 8,751 13,866 11,485 12,475 11,527 16,122 14,185 14,107 12,881 19,540 -
EBITDA 1 - 977 1,587 1,148 1,255 1,115 1,883 1,484 1,618 1,424 2,032 1,819 1,874 1,713 2,918 -
EBIT 1 1,212 500 1,076 654 738 568 1,314 928 1,065 859 1,420 1,191 1,246 1,064 2,255 -
Operating Margin 7.18% 6.26% 9.01% 7.09% 7.26% 6.49% 9.48% 8.08% 8.54% 7.45% 8.81% 8.4% 8.83% 8.26% 11.54% -
Earnings before Tax (EBT) 1 - 422 1,001 485 - - 1,349 930 1,012 853 1,623 1,009 1,237 1,076 2,344 1,363
Net income 1 - 296 733 354 421 305 1,115 732 774 652 1,223 770 934.8 810.3 1,791 1,022
Net margin - 3.7% 6.14% 3.84% 4.14% 3.49% 8.04% 6.37% 6.2% 5.66% 7.59% 5.43% 6.63% 6.29% 9.16% -
EPS 2 - 2.220 5.520 2.660 3.150 2.280 8.320 5.450 5.760 4.840 9.080 5.710 6.942 6.017 13.29 7.590
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 7/17/20 10/22/21 2/11/22 4/22/22 7/21/22 10/28/22 2/10/23 4/26/23 7/20/23 10/26/23 2/9/24 4/26/24 - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 7,069 4,273 2,125 - 2,343 - - -
Net Cash position 1 - - - 2,432 - 3,020 4,352 8,561
Leverage (Debt/EBITDA) 1.642 x 1.508 x 0.4403 x - 0.3573 x - - -
Free Cash Flow 1 -1,607 2,909 3,193 2,344 2,924 2,540 3,159 5,063
ROE (net income / shareholders' equity) 9.93% 5.1% 9% 8.6% 11.1% 12.3% 13.3% 15%
ROA (Net income/ Total Assets) 3.42% 1.78% 3.07% - - - - -
Assets 1 57,993 60,213 62,804 - - - - -
Book Value Per Share 2 154.0 162.0 174.0 223.0 240.0 264.0 293.0 331.0
Cash Flow per Share 2 8.920 43.30 42.90 34.80 48.10 51.60 61.50 79.90
Capex 1 2,801 2,891 2,520 2,310 3,538 3,566 3,832 4,135
Capex / Sales 7.91% 8.16% 6.44% 5.5% 6.86% 5.98% 5.65% 5.44%
Announcement Date 2/7/20 2/11/21 2/11/22 2/10/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
911.2 SEK
Average target price
937.6 SEK
Spread / Average Target
+2.90%
Consensus