Sandvik AB SAND

Morningstar Rating
SEK 390.10 +9.90 (2.60%)
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Company Report

We Expect Sandvik's Adjusted EBITA Margin To Peak in Fiscal 2026

Sandvik enjoys strong market positions in niche mining equipment and premium metal-cutting tools. Sandvik has established a more resilient and profitable business than its past, via a continuous focus on improving operational efficiency, divestments and a large share of aftermarket sales and servicing throughout the life of its mining equipment. Despite this, the short-cycle nature of demand for its products, most notably in its machining segment, exposes the group to cyclical swings in demand and leads to regular restructuring programs to protect profitability through the cycle.

Price vs Fair Value

SAND is trading at a LOCK|n@#%XDs premium.
Price
SEK 390.10
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Sandvik's mining and rock solutions segment exhibits high barriers to entry due to the high cost of failure of its equipment, which provides regular aftermarket sales and services throughout the equipment's life.

Bears

Sandvik has a complex investment thesis due to its unrelated business divisions, which sees the group trade at a conglomerate discount compared with pure-play mining and rock solution peers.

Trading Information

Previous Close Price
SEK 380.20
Day Range
SEK 380.10391.20
52-Week Range
SEK 240.30413.10
Bid/Ask
SEK 390.60 / SEK 390.80
Shares Outstanding
1.25B
Market Cap
SEK 489.34B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
30.26
Price/Sales
3.79
Dividend Yield (Trailing)
1.54%
Dividend Yield (Forward)
1.54%
Dividend Payment Schedule
May
Total Yield
1.54%

Company Profile

Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Large Growth
Total Number of Employees
41,962

Competitors

Valuation

Metric
SAND
CAT
6301
Price/Earnings (Normalized)
30.2634.1718.11
Price/Book Value
4.8719.291.92
Price/Sales
3.795.091.65
Price/Cash Flow
18.1125.9811.21
Price/Earnings
SAND
CAT
6301

Financial Strength

Metric
SAND
CAT
6301
Quick Ratio
0.830.771.06
Current Ratio
1.641.372.11
Interest Coverage
12.6127.3210.61
Quick Ratio
SAND
CAT
6301

Profitability

Metric
SAND
CAT
6301
Return on Assets (Normalized)
9.88%11.55%6.69%
Return on Equity (Normalized)
18.50%56.29%12.25%
Return on Invested Capital (Normalized)
13.30%18.42%8.84%
Return on Assets
SAND
CAT
6301

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