Swedbank AB (publ) (SWED-A.ST) stock analysis

In our weekly check, Swedbank AB (publ) is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 0, red flags: 12.

About Swedbank AB (publ)

Swedbank AB (publ) is a Financial Services company (Banks - Regional) based in Sweden, listed on STO as SWED-A.ST.

What our checks show for SWED-A.ST

Red flags

• The net margin fell by 15.7 points over 5 years, to 26.3%: the company keeps less of each sale as profit.
• The gross margin fell by 30.4 points, to 63.6%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect revenue to shrink about 15.2% a year.
• Free cash flow is negative (-2% of revenue): the business spends more cash than it brings in.
• The dividend takes 108% of profit: little cushion if profit falls.
• The stock has fallen as much as 93% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 15.5 years.
• Return on capital (ROCE) is only 1.3%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Strengths

• Analysts expect the net margin to improve by 20.3 points from today's 26.3%.
• Revenue grew 22.2% a year over the last 3 years.
• Earnings per share grew 12.2% a year over the last 3 years.
• Net profit grew 13.2% a year over the last 3 years.
• The company keeps 26.3% of its revenue as net profit.
• The price is 13.8 times earnings (P/E), reasonable for its growth.

Similar companies

DNB.OL · 0998.HK · SEB-A.ST · SBK.JO · 2801.TW

Questions

What grade does Swedbank AB (publ) (SWED-A.ST) have?

In our weekly check, Swedbank AB (publ) is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 0, red flags: 12. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SWED-A.ST stock?

This week's biggest flags for Swedbank AB (publ): Margins falling, Gross margin falling, Profits not backed by cash. In total 12 of 25 checks show a warning or a red flag.

What does Swedbank AB (publ) do?

Swedbank AB (publ) is a Financial Services company (Banks - Regional) based in Sweden, listed on STO as SWED-A.ST.

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 2026-10-24

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