Sandvik AB (publ)

OM:SAND Stock Report

Market Cap: SEK 437.0b

Sandvik Valuation

Is SAND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SAND (SEK346.8) is trading below our estimate of future cash flow value (SEK369.13)

Significantly Below Future Cash Flow Value: SAND is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAND?

Key metric: As SAND is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAND. This is calculated by dividing SAND's market cap by their current earnings.
What is SAND's PE Ratio?
PE Ratio25.8x
EarningsSEK 16.85b
Market CapSEK 437.03b

Price to Earnings Ratio vs Peers

How does SAND's PE Ratio compare to its peers?

The above table shows the PE ratio for SAND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.4x
ALFA Alfa Laval
27.6x9.63%SEK 226.3b
ATCO A Atlas Copco
35.6x11.91%SEK 924.9b
SKF B AB SKF
25.9x18.99%SEK 118.1b
TREL B Trelleborg
24.7x12.93%SEK 94.3b
SAND Sandvik
25.8x10.91%SEK 435.0b

Price-To-Earnings vs Peers: SAND is good value based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (28.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does SAND's PE Ratio compare vs other companies in the SE Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNCJO B Concejo
2.9xn/aUS$56.73m
SENS Sustainable Energy Solutions Sweden Holding
0.1xn/aUS$48.52k
No more companies available in this PE range
SAND 25.8xIndustry Avg. 24.9xNo. of Companies5PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAND is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the Swedish Machinery industry average (24.9x).

Price to Earnings Ratio vs Fair Ratio

What is SAND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.8x
Fair PE Ratio33.9x

Price-To-Earnings vs Fair Ratio: SAND is good value based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 346.80
SEK 390.05
+12.47%
14.84%SEK 465.00SEK 265.00n/a20
Jul ’27SEK 395.60
SEK 386.00
-2.43%
15.36%SEK 450.00SEK 245.00n/a20
Jun ’27SEK 369.30
SEK 382.70
+3.63%
14.92%SEK 450.00SEK 245.00n/a20
May ’27SEK 383.10
SEK 381.65
-0.38%
17.89%SEK 450.00SEK 236.00n/a20
Apr ’27SEK 371.80
SEK 343.10
-7.72%
16.82%SEK 420.00SEK 212.00n/a20
Mar ’27SEK 399.40
SEK 331.80
-16.93%
17.21%SEK 420.00SEK 212.00n/a20
Feb ’27SEK 351.70
SEK 326.30
-7.22%
15.82%SEK 380.00SEK 212.00n/a20
Jan ’27SEK 300.60
SEK 289.63
-3.65%
13.64%SEK 335.00SEK 212.00n/a19
Dec ’26SEK 286.50
SEK 282.56
-1.38%
13.15%SEK 335.00SEK 212.00n/a18
Nov ’26SEK 288.50
SEK 282.56
-2.06%
13.15%SEK 335.00SEK 212.00n/a18
Oct ’26SEK 261.50
SEK 257.06
-1.70%
12.67%SEK 306.00SEK 198.00n/a18
Sep ’26SEK 239.00
SEK 241.56
+1.07%
12.77%SEK 275.00SEK 161.00n/a18
Aug ’26SEK 233.30
SEK 240.72
+3.18%
13.24%SEK 275.00SEK 161.00n/a18
Jul ’26SEK 216.40
SEK 218.94
+1.18%
14.41%SEK 260.00SEK 162.00SEK 395.6018
Jun ’26SEK 209.40
SEK 219.00
+4.58%
14.93%SEK 275.00SEK 162.00SEK 369.3020
May ’26SEK 200.10
SEK 217.25
+8.57%
14.60%SEK 275.00SEK 165.00SEK 383.1020
Apr ’26SEK 210.70
SEK 237.43
+12.69%
13.39%SEK 290.00SEK 190.00SEK 371.8021
Mar ’26SEK 232.70
SEK 238.50
+2.49%
12.38%SEK 290.00SEK 190.00SEK 399.4020
Feb ’26SEK 230.00
SEK 236.65
+2.89%
12.89%SEK 290.00SEK 179.00SEK 351.7020
Jan ’26SEK 198.30
SEK 234.30
+18.15%
13.51%SEK 290.00SEK 174.00SEK 300.6020
Dec ’25SEK 201.70
SEK 233.30
+15.67%
13.71%SEK 290.00SEK 174.00SEK 286.5020
Nov ’25SEK 210.10
SEK 233.60
+11.19%
14.09%SEK 290.00SEK 175.00SEK 288.5020
Oct ’25SEK 224.00
SEK 238.50
+6.47%
13.92%SEK 300.00SEK 178.00SEK 261.5020
Sep ’25SEK 218.30
SEK 239.10
+9.53%
14.22%SEK 300.00SEK 152.00SEK 239.0020
Aug ’25SEK 212.50
SEK 238.75
+12.35%
14.87%SEK 300.00SEK 152.00SEK 233.3020
Jul ’25SEK 215.00
SEK 237.45
+10.44%
15.24%SEK 300.00SEK 152.00SEK 216.4020
SEK 390.05
Fair Value
11.1% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/29 17:50
End of Day Share Price 2026/07/29 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sandvik AB (publ) is covered by 45 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Robert BateBarclays
Vladimir SergievskiiBarclays