Sandvik AB (publ)

kr 357.40As of Sun 8 Nov 2026, 12:00 UTC

STO:SANDIndustrials

Country Sweden

PE (Fwd) •••

TSR 10Y CAGR 16.26%

Div yield 1.68%

ROE 19.02%

Specialty Industrial Machinery

Beta (5Y) 1.34

PE TTM 23.51

TSR TTM 25.85%

Mkt cap kr 448.3B

ROIC 13.67%

SE Grade™

Value

Quality

Moat

Consensus

Reference

kr 381

6.56%

(39.63%)

Hold 3|10|4|7|7

TTM

FYE 31 Dec SEK

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

109.5

Revenuekr B

113.3

117.3

117.7

121.8

124.7

128.7

130.8

131.6

132.3

132.2

118.1

1.17%

1.67%

18.60

Revenue growth%

2.49

4.12

3.27

4.06

6.84

9.22

10.22

11.01

12.62

12.31

6.91

11.01

8.03

16.25

Gross margin%

2.01

2.15

0.71

0.40

1.86

4.02

4.72

4.08

2.68

17.16

4.02

2.08

28.19

Operating margin%

21.44

22.71

20.84

18.05

17.17

17.04

17.06

18.62

19.85

18.85

21.67

18.62

18.74

17.83

Net margin%

16.36

13.98

13.81

14.40

12.93

10.30

9.07

8.44

6.98

6.70

11.80

8.44

11.62

17.18

P/E ratio (avg)x

25.72

27.21

25.73

28.18

26.99

24.78

26.02

25.71

22.68

20.09

11.79

24.78

25.73

20.15

EV/EBITx

16.02

16.63

16.30

16.26

19.21

21.01

23.24

23.03

24.95

28.54

10.45

23.24

20.11

20.62

FCF yield (avg)%

23.65

22.12

20.77

23.29

24.77

24.61

23.09

24.27

24.01

22.58

20.19

24.01

23.47

11.25

FCF margin%

10.15

11.69

10.68

11.06

9.05

7.75

10.37

10.93

12.43

11.30

4.86

10.93

10.81

0.573

FCF / Net incomex

1.874

1.750

1.908

2.003

1.974

1.863

2.182

2.176

2.515

2.778

1.656

2.182

1.988

28.62

ROIC%

18.09

16.34

14.61

16.85

18.40

16.08

16.78

18.89

17.76

19.01

8.33

17.76

17.31

21.23

Return on equity%

16.23

16.88

17.21

14.66

14.58

14.45

17.37

16.14

14.28

16.92

7.08

16.14

16.18

14.76

Return on assets%

30.51

30.44

30.70

32.85

35.33

37.49

36.35

38.97

38.51

41.12

9.65

38.51

35.84

28.18

EPSkr

29.87

28.24

30.46

33.18

32.35

32.06

33.51

36.30

32.46

34.66

30.57

1.39%

2.42%

—

24.86

EPS growth%

30.97

32.06

34.32

35.46

37.14

38.11

38.83

38.01

37.94

40.35

26.25

38.11

37.54

16.45

Bookvalue per shkr

38.32

40.66

39.83

41.01

37.72

36.43

41.08

38.58

37.82

40.20

17.98

1.28%

0.19%

—

32.17

FCF per sharekr

78.06

86.26

88.02

88.47

85.76

97.30

109.51

116.31

126.92

134.10

37.19

9.35%

6.64%

—

26.99

Dividend per shkr

57.51

63.58

72.97

69.58

71.14

72.15

69.16

79.19

89.77

92.82

15.19

5.47%

5.27%

—

9.83

Div yield (avg)%

17.88

18.27

16.46

17.18

16.85

19.26

17.08

18.75

19.53

16.94

10.27

18.75

17.53

21.42

Payout ratio%

26.89

25.88

28.60

30.46

28.78

30.19

28.21

30.04

32.65

35.63

17.25

30.19

29.41

1.228

Shares (diluted)B

1.941

2.016

2.410

2.565

2.884

2.937

2.933

3.104

3.390

3.631

1.219

4.71%

7.85%

27.79

Buyback yield%

24.37

26.20

28.21

29.25

29.85

29.37

28.08

30.03

28.94

31.08

13.10

29.37

29.10

0.674

D/E ratiox

0.347

0.337

0.304

0.294

0.319

0.359

0.370

0.351

0.370

0.342

0.374

0.359

0.345

42.68

Enterprise valuekr B

97.41

98.50

101.1

114.2

130.5

135.1

142.6

154.4

148.7

145.4

86.96

2.18%

5.15%

41.88

LT debtkr B

21.26

20.98

22.60

21.22

20.45

20.14

17.47

17.87

19.34

17.71

64.02

(2.84%)

(1.68%)

Peers (US$45.32B)

Cap (US$)

Atlas Copco AB (publ)

87.10B

32.47x

Alfa Laval AB (publ)

22.23B

27.01x

Trelleborg AB (publ)

10.20B

26.52x

Rockwell Automation…

41.74B

29.97x

Capital

TTM

10Y

Leveragex

1.144

0.074

EBIT/Intx

1.294

0.533

0.515

Own earn%

61.53

(22.44)

(22.27)

Sh yield%

37.62

48.48

46.57

Owners

Insiders/Inst%

4.20

81.64

Short interest%

3.91

SBC / revenue%

5.69

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

17–23

$1 testx

—

Incr. ROIC%

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

kr 132.2B

1.67%

1.00×

Cost of revenue

kr 59.97B

1.94%

1.03×

Operating expenses

kr 32.96B

1.61%

0.99×