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Swedish premium automaker (majority owned by China's Geely) designing, manufacturing and selling Volvo-branded cars and EVs.
Swedish premium automaker (majority owned by China's Geely) designing, manufacturing and selling Volvo-branded cars and EVs.
Sells cars through a network of independent dealers, with Europe and the US carrying most sales, and earns on the mix of higher-priced SUVs and a gradual shift toward electric models. Geely, the Chinese automaker, controls the company through a holding but runs it as a separate business, with plants in Sweden, Belgium and the US.
In one line: A European premium automaker like a smaller BMW/Mercedes.
Moat: narrow (brand, scale, distribution). Strong safety-focused premium brand and global dealer network, though EV transition intensifies competition and margin pressure.
Headquarters: Gothenburg, Sweden · Founded: 1927 · Employees: 44,605
Size Volvo Car (VOLCAR-B.ST) is a Sweden Consumer Discretionary company (Motor Vehicles) with a market value of $3.63B, the 53rd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 11.94 on 6 Nov 2026.
Performance Over six months the shares fell 45.0%, against -12.3% for the median peer and +8.2% for the Sweden market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 16.9% over the last twelve months (peer median +4.9%); the operating margin is -0.2% (peer median 2.7%).
Valuation It trades at 0.1× enterprise value to sales against a peer median of 0.7× (2nd cheapest of 21).
Capital Return on invested capital runs 7.0 points below its cost of capital (6.6% WACC).
Credit Volvo Car has 4 bonds outstanding ($2.23B), rated BB+ by the agencies and trading like BB at a weighted spread of 162 bp.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 312B | SEK 357B | SEK 400B | SEK 399B | SEK 330B |
| Revenue growth | — | -11% | 0% | +21% | — |
| Gross profit | SEK 50.2B | SEK 59.4B | SEK 68.1B | SEK 69.0B | SEK 52.6B |
| EBITDA | SEK 15.0B | SEK 28.7B | SEK 48.2B | SEK 44.0B | SEK 33.1B |
| Net income | -SEK 671M | SEK 174M | SEK 15.4B | SEK 13.1B | SEK 15.6B |
| Free cash flow | -SEK 6.24B | SEK 11.8B | SEK 22.1B | SEK 24.4B | SEK 19.8B |
| Capital expenditure | SEK 31.3B | SEK 40.1B | SEK 45.0B | SEK 39.2B | SEK 32.1B |
| Total debt | SEK 38.7B | SEK 37.7B | SEK 39.7B | SEK 36.3B | SEK 35.2B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Volvo Car VOLCAR-B.ST | $3.63B | -45% | -17% | 0% | 0.1× | n/a |
| Bayerische Motoren Werke BMW.DE | $40.3B | -22% | -6% | 6% | 1.1× | n/a |
| Mercedes-Benz MBG.DE | $44.9B | -19% | -7% | 5% | 0.9× | 4.5% |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 13.4× | n/a |
| Geely Auto 0175.HK | $20.1B | -34% | +27% | 4% | 0.4× | -9.3% |
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 | VOLCAR-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.5% | -1.3% | lowest of 21 |
| 6-month return | -45.0% | -12.3% | lowest of 21 |
| Distance from 52-week high | -67.3% | -28.9% | lowest of 21 |
| Revenue growth (TTM) | -16.9% | +4.9% | lowest of 21 |
| Operating margin | -0.2% | 2.7% | 6th lowest of 21 |
| EV / Sales | 0.1× | 0.7× | 2nd cheapest of 21 |
| ROIC minus cost of capital | -7.0 pp | -1.7 pp | 5th lowest of 20 |
| Net debt / EBITDA | 0.4× | 0.6× | 5th least indebted of 11 |
| Bond spread | 162 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Volvo Car VOLCAR-B.ST | Sweden | $3.63B | -45% | -17% | 0% | 0.1× | n/a | n/a |
| Sinotruk Jinan Truck 000951.SZ | China | $3.46B | -10% | +36% | 4% | 0.4× | -5.8% | -0.8% |
| Minth 0425.HK | Hong Kong | $3.45B | -37% | +14% | 11% | 1.1× | 2.7% | +14.8% |
| Harley-Davidson HOG | United States | $3.40B | +28% | -15% | -4% | 0.9× | 0.4% | +2.0% |
| Yadea 1585.HK | Hong Kong | $3.36B | -28% | +13% | 7% | 0.5× | -11.2% | +13.0% |
| BAIC BluePark New Energy Technology 600733.SS | China | $4.02B | -41% | +54% | -19% | 1.3× | n/a | n/a |
| FAW Jiefang 000800.SZ | China | $4.11B | -17% | +22% | -1% | 0.4× | n/a | n/a |
| Mitsubishi Motor 7211.T | Japan | $3.21B | +13% | +5% | 3% | 0.2× | n/a | n/a |
| Trigano TRI.PA | France | $2.93B | -16% | +2% | 9% | 0.6× | -6.0% | +10.9% |
| Mazda Motor 7261.T | Japan | $4.52B | +12% | +4% | 3% | 0.1× | -14.8% | +11.3% |
| Beiqi Foton Motor 600166.SS | China | $2.88B | -31% | +13% | 1% | 0.4× | -1.2% | +1.3% |
| Chongqing Afari Technology 601777.SS | China | $4.94B | -35% | +17% | -11% | 3.8× | n/a | n/a |
| Aima Technology 603529.SS | China | $2.67B | -11% | -11% | 5% | 0.8× | n/a | n/a |
| Loncin Motor 603766.SS | China | $4.97B | +5% | +2% | 9% | 1.2× | -5.5% | +12.7% |
| Force Motors FORCEMOT.NS | India | $2.64B | -8% | +16% | 12% | 2.4× | 25.2% | +35.4% |
| ARCHION 543A.T | Japan | $5.11B | -9% | +9% | 5% | 0.5× | 7.4% | +0.9% |
| Thule THULE.ST | Sweden | $2.39B | -6% | +2% | 17% | 2.6× | 9.3% | +5.9% |
| Iveco IVG.MI | Italy | $5.55B | +3% | -5% | 3% | 0.7× | n/a | n/a |
| Nissan Motor 7201.T | Japan | $5.98B | -24% | -1% | 2% | 0.7× | n/a | n/a |
| China Railway Materials 000927.SZ | China | $2.20B | -14% | +1% | 2% | 0.6× | 6.3% | -5.0% |
| Guangzhou Automobile 601238.SS | China | $6.22B | -32% | +5% | -18% | 0.7× | n/a | n/a |
Volvo Car has 4 bonds outstanding with $2.23B face value. The agencies rate it BB+; its bonds trade like BB. Weighted yield 4.57%, a spread of 162 bp over government bonds.