Sandvik AB (publ)

OM-SAND

Basic

Market Cap
SEK 272.45B
EV
SEK 322.95B
Shares Out
1,254.39M
Revenue
SEK 123.71B
Employees
40,344

Margins

Gross
40.51%
EBITDA
20.73%
Operating
16.39%
Pre-Tax
13.73%
Net
10.4%
FCF
10.71%

Returns (5Yr Avg)

ROA
7.8%
ROTA
33.4%
ROE
15.49%
ROCE
16.46%
ROIC
10.73%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
SEK 238.75
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
SEK 5,375M
Net Debt
SEK 50.43B
Debt/Equity
0.63
EBIT/Interest
8.9

Growth (CAGR)

Rev 3Yr
15.06%
Rev 5Yr
3.99%
Rev 10Yr
4.18%
Dil EPS 3Yr
0.96%
Dil EPS 5Yr
-0.15%
Dil EPS 10Yr
10.57%
Rev Fwd 2Yr
1.68%
EBITDA Fwd 2Yr
3.9%
EPS Fwd 2Yr
6.21%
EPS LT Growth Est
2.8%

Dividends

Yield
—
Payout
53.63%
DPS
SEK 5.5
DPS Growth 3Yr
6.92%
DPS Growth 5Yr
5.29%
DPS Growth 10Yr
4.62%
DPS Growth Fwd 2Yr
9.09%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues						103,238	86,404	85,700	112,331	126,503	123,713
Total Revenues % Chg.						3.2%	-16.3%	-0.8%	31.1%	12.6%	0.1%
Cost of Goods Sold, Total						61,317	54,178	49,027	66,944	74,333	73,595
Gross Profit						41,921	32,226	36,673	45,387	52,170	50,118
Selling General & Admin Expenses, Total						20,312	16,113	15,710	22,530	24,578	24,954
R&D Expenses						3,621	3,313	3,414	4,173	4,475	4,797
Other Operating Expenses						-68	33	-128	-838	-140	86
Other Operating Expenses, Total						23,865	19,459	18,996	25,865	28,913	29,837
Operating Income						18,056	12,767	17,677	19,522	23,257	20,281
Interest Expense, Total						-1,405	-1,001	-839	-1,640	-2,622	-2,280
Interest And Investment Income						376	340	347	445	617	438
Net Interest Expenses						-1,029	-661	-492	-1,195	-2,005	-1,842
Income (Loss) On Equity Invest.						9	6	-4	6	16	16
Currency Exchange Gains (Loss)						-254	-1,053	-374	-1,026	-999	-999
Other Non Operating Income (Expenses)			—			-205	721	-53	-26	-21	-21
EBT, Excl. Unusual Items						16,577	11,780	16,754	17,281	20,248	17,435
Restructuring Charges		—	—	—	—	—	—	—	—	-83	-83
Merger & Related Restructuring Charges	—	—	—	—	—	—	—	-457	-338	-156	-156
Impairment of Goodwill	—			—	—	-2,776	-304	—	-88	—	—
Gain (Loss) On Sale Of Investments	—	—	—	—	—	—	—	89	368	-389	-389
Gain (Loss) On Sale Of Assets	—	—			—	—	—	456	291	403	403
Asset Writedown						-1,752	-206	-24	-138	-229	-229
Insurance Settlements	—	—	—	—	—	—	—	—	361	—	—
Legal Settlements	—	—	—	—	—	100	—	—	—	—	—
EBT, Incl. Unusual Items						12,149	11,270	16,818	17,737	19,794	16,981
Income Tax Expense						3,421	2,517	3,731	4,884	4,493	4,113
Earnings From Continuing Operations						8,728	8,753	13,087	12,853	15,301	12,868
Earnings Of Discontinued Operations						-205	-32	1,397	-1,628	—	—
Minority Interest						16	14	-23	-13	-1	-3
Net Income						8,539	8,735	14,461	11,212	15,300	12,865
Net Income to Common Incl Extra Items						8,539	8,735	14,461	11,212	15,300	12,865
Net Income to Common Excl. Extra Items						8,744	8,767	13,064	12,840	15,300	12,865
Total Shares Outstanding						1,254.4	1,254.4	1,254.4	1,254.4	1,254.4	1,254.4
Weighted Avg. Shares Outstanding						1,254.4	1,254.4	1,254.4	1,254.4	1,254.4	1,254.4
Weighted Avg. Shares Outstanding Dil						1,257	1,256.1	1,255.8	1,255.3	1,255.9	1,256.1
EPS						6.8	7	11.5	8.9	12.2	10.3
EPS Diluted						6.8	7	11.5	8.9	12.2	10.2
EBITDA						21,988	16,442	21,939	24,005	28,366	25,647
Effective Tax Rate						28.2%	22.3%	22.2%	27.5%	22.7%	24.2%