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Sandvik AB (publ) SAND.ST

SE · Nasdaq Stockholm · XSTO · stock · Industrials · website

Sandvik AB (publ) statistics & valuation

Market capkr 450.6B
P / E30.7×
P / S3.7×
P / B4.8×
P / FCF29.3×
Dividend yield1.60%
Net margin12.2%
Return on equity15.8%
FCF margin12.7%
Net debtkr 32.2B
Enterprise value USD$50.7B
Earnings yield EBIT/EV4.3%
Return on capital15.7%
Graham number -61.1%kr 139.83

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (kr 139.83); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.00% 12.10% 10.00% 12.20% 2022202320242025
Gross margin (%)
40.40% 41.10% 40.00% 40.60% 2022202320242025
Operating margin (%)
16.90% 18.10% 15.60% 17.40% 2022202320242025
Return on equity (%)
13.80% 17.50% 12.60% 15.80% 2022202320242025
Shares outstanding
1.25B 1.25B 1.25B 1.25B 2022202320242025
Net debt (kr )
kr 41.57B kr 40.72B kr 38.23B kr 32.16B 2022202320242025
Share buybacks (kr )
kr 270.0M kr 242.0M kr 61.0M kr 6.0M 2022202320242025
Return on assets (%)
6.30% 8.80% 6.60% 8.60% 2022202320242025
Free cash flow margin (%)
5.30% 10.60% 12.80% 12.70% 2022202320242025
Debt / equity (×)
0.64× 0.51× 0.44× 0.40× 2022202320242025
EPS (kr )
kr 8.94 kr 12.18 kr 9.75 kr 11.70 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Sandvik AB (publ) trades at about 30.7× earnings — above its 10-year norm (10-year range 18×–30.1×, median 24.1×).

18× 30.7×

Shaded band = 10-year range (18×–30.1×); dot = today's 30.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin40.6%40.0%41.1%40.4%
Operating margin17.4%15.6%18.1%16.9%
Net margin12.2%10.0%12.1%10.0%
FCF margin12.7%12.8%10.6%5.3%
Return on assets8.6%6.6%8.8%6.3%
Return on equity15.8%12.6%17.5%13.8%
Debt / equity0.30×0.33×0.32×0.47×
Current ratio1.941.791.641.73

Computed from company filings · SE · as of 2025-12-31. Figures in SEK. Facts plus Stocktoria's own computed scores — not investment advice.