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Swedish and Finnish steelmaker specializing in high-strength and advanced high-strength steel for vehicles, construction, and machinery.
Swedish and Finnish steelmaker specializing in high-strength and advanced high-strength steel for vehicles, construction, and machinery.
Sells steel directly to industrial customers and through distributors, earning a premium on its branded high-strength grades over commodity steel. Its Finnish mills came with the 2014 Rautaruukki acquisition, and it also has US mills. It is replacing blast furnaces with electric-arc furnaces to cut carbon emissions, a multi-year build.
In one line: A Swedish, high-strength-steel-focused Nucor.
Moat: narrow (brand, process know-how, IP / patents). Hardox/Strenx brands command a premium in wear-resistant and high-strength steel niches versus commodity steel.
Headquarters: Stockholm, Sweden · Founded: 1978 · Employees: 14,609
Size SSAB (SSAB-A.ST) is a Sweden Industrials company (Metal Fabrication) with a market value of $9.31B, the 30th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 90.72 on 6 Nov 2026.
Performance Over six months the shares gained 9.8%, against -15.9% for the median peer and +8.2% for the Sweden market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 2.9% over the last twelve months (peer median +21.8%); the operating margin is 7.8% (peer median 11.6%).
Valuation It trades at 12.2× forward earnings against a peer median of 24.7× (4th cheapest of 21).
Capital Return on invested capital runs 0.9 points above its cost of capital (8.7% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 101B | SEK 96.2B | SEK 103B | SEK 120B | SEK 129B |
| Revenue growth | — | -7% | -13% | -7% | — |
| Gross profit | SEK 14.1B | SEK 12.3B | SEK 14.4B | SEK 22.5B | SEK 1.53B |
| EBITDA | SEK 12.1B | SEK 10.0B | SEK 12.2B | SEK 20.2B | SEK 33.0B |
| Net income | SEK 5.67B | SEK 4.90B | SEK 6.52B | SEK 13.0B | -SEK 10.9B |
| Free cash flow | -SEK 473M | -SEK 3.45B | SEK 3.68B | SEK 14.9B | SEK 13.2B |
| Capital expenditure | SEK 12.9B | SEK 13.5B | SEK 8.21B | SEK 6.57B | SEK 4.95B |
| Total debt | SEK 11.0B | SEK 11.3B | SEK 10.2B | SEK 10.6B | SEK 10.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| SSAB SSAB-A.ST | $9.31B | +10% | +3% | 8% | 12.2× | n/a |
| ArcelorMittal MT.AS | $45.7B | 0% | -3% | 4% | 23.7× | n/a |
| Nucor NUE | $55.6B | +8% | +22% | 13% | 10.2× | 12.0% |
| thyssenkrupp TKA.DE | $8.33B | +10% | -2% | 1% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SSAB-A.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.2% | -6.4% | 10th lowest of 21 |
| 6-month return | +9.8% | -15.9% | 5th highest of 21 |
| Distance from 52-week high | -16.9% | -30.0% | 6th highest of 21 |
| Revenue growth (TTM) | +2.9% | +21.8% | 5th lowest of 21 |
| Operating margin | 7.8% | 11.6% | 7th lowest of 21 |
| Forward P/E | 12.2× | 24.7× | 4th cheapest of 21 |
| ROIC minus cost of capital | +0.9 pp | +0.8 pp | 11th highest of 21 |
| EV / EBITDA | 6.8× | 13.7× | cheapest of 12 |
| Net debt / EBITDA | -0.7× | 0.4× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SSAB SSAB-A.ST | Sweden | $9.31B | +10% | +3% | 8% | 12.2× | n/a | n/a |
| Bluescope Steel BSL.AX | Australia | $9.53B | +4% | +2% | 6% | 10.3× | 16.7% | +5.3% |
| Bharat Forge BHARATFORG.NS | India | $9.01B | -13% | +18% | 11% | 51.4× | 46.3% | +21.6% |
| Anhui Tongguan Copper Foil 301217.SZ | China | $8.60B | -12% | +36% | 5% | 105.6× | n/a | n/a |
| Valmont Industries VMI | United States | $7.74B | -21% | +5% | 14% | 15.9× | 10.7% | +7.2% |
| Mueller Industries MLI | United States | $11.5B | -25% | +21% | 20% | 12.0× | 0.0% | +11.7% |
| Himile Mechanical Science & Technology (Shandong) 002595.SZ | China | $7.40B | -29% | +17% | 20% | 19.8× | 8.4% | +15.9% |
| SKF SKF-A.ST | Sweden | $12.7B | +18% | -10% | 12% | 16.4× | 5.8% | +4.1% |
| SFS SFSN.SW | Switzerland | $6.68B | +15% | +2% | 12% | 19.8× | -2.1% | +12.3% |
| Schaeffler India SCHAEFFLER.NS | India | $5.83B | -17% | +23% | 15% | 40.4× | 29.7% | +20.8% |
| RBC Bearings RBC | United States | $15.0B | -22% | +17% | 26% | 29.6× | 26.0% | +25.2% |
| Jiujiang Defu Technology 301511.SZ | China | $5.09B | -28% | +69% | 6% | 44.4× | n/a | n/a |
| JL MAG Rare-Earth 6680.HK | Hong Kong | $4.59B | -27% | +46% | 11% | 17.3× | 14.3% | +25.2% |
| POCO 300811.SZ | China | $4.24B | -15% | +48% | 24% | 38.4× | n/a | n/a |
| Hengdian Group DMEGC Magnetics 002056.SZ | China | $4.16B | -9% | +3% | 7% | 14.5× | n/a | n/a |
| PTC Industries PTCIL.NS | India | $4.09B | +45% | +95% | 19% | 174.5× | n/a | n/a |
| Shyam Metalics & Energy SHYAMMETL.NS | India | $3.84B | +47% | +26% | 9% | 19.3× | n/a | n/a |
| Endurance Technologies ENDURANCE.NS | India | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% | +17.6% |
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Shandong Hongqiao Aluminum Industry 002379.SZ | China | $28.8B | -41% | +9,614% | 20% | 6.3× | n/a | n/a |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |