SSAB AB (publ) (SSAB-B.ST) stock analysis

In our weekly check, SSAB AB (publ) is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 12 pass, warnings: 6, red flags: 6.

About SSAB AB (publ)

SSAB AB (publ) is a Basic Materials company (Steel) based in Sweden, listed on STO as SSAB-B.ST.

What our checks show for SSAB-B.ST

Red flags

• The net margin fell by 9.6 points over 5 years, to 5.6%: the company keeps less of each sale as profit.
• The gross margin fell by 10.5 points, to 14%: costs are rising faster than prices.
• Revenue fell 7% a year over the last 3 years.
• Free cash flow is negative (-0.5% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 94% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Earnings per share fell 18.6% a year over the last 3 years.
• The net margin is only 5.6%: little room if costs rise.
• The price swings a lot: 35.2% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Beta 1.28: the stock usually moves more than the market, both up and down.
• Return on capital (ROCE) is only 8.8%.

Strengths

• Debt is low: 0.15x equity.
• Operating profit covers interest 130 times over.
• Operating cash flow is 2.2x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 29.6% a year over the next years.
• Analysts expect the net margin to improve by 3 points from today's 5.6%.
• The dividend takes 35% of profit: there is a cushion.

Next earnings report: 2027-01-28

Similar companies

SSAB-A.ST · 2027.TW · 600019.SS · NUE · 1605.TW

Questions

What grade does SSAB AB (publ) (SSAB-B.ST) have?

In our weekly check, SSAB AB (publ) is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 12 pass, warnings: 6, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SSAB-B.ST stock?

This week's biggest flags for SSAB AB (publ): Margins falling, Gross margin falling, Weak revenue growth. In total 12 of 24 checks show a warning or a red flag.

What does SSAB AB (publ) do?

SSAB AB (publ) is a Basic Materials company (Steel) based in Sweden, listed on STO as SSAB-B.ST.

When does SSAB AB (publ) report earnings next?

The next earnings report is expected on 2027-01-28. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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