Saab AB
Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets in Sweden, the United States, the United Kingdom, Germany, Australia, and internationally. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech se…
Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets in Sweden, the United States, the United Kingdom, Germany, Australia, and internationally. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The Aeronautics segment engages in the manufacture of aerial systems; development of military aviation technology; and conducting of studies of manned and unmanned aircraft for new systems and further development of existing products. Its Dynamics segment offers combat weapons, missile systems, systems for training and simulation, and signature management systems for armed forces in the civil and defense markets. The Surveillance segment provides airborne, ground-based and naval radar, electronic warfare, combat systems, and C4I solutions. Its Kockums segment develops, delivers, and maintains submarines with the Stirling system for air independent propulsion, surface combatants, mine hunting systems, autonomous vessels, torpedoes, and unmanned underwater vehicles. The Combitech segment offers services in systems development, systems integration, information security, systems security, communications, mechanics, technical product information, and logistics, as well as technology consultancy services. Saab AB (publ) was founded in 1937 and is headquartered in Stockholm, Sweden.Looks overvalued
5-year outlook: Not shown because confidence is low: Free-cash-flow DCF disagrees strongly.
Why: Cash-flow models land far below the price for this high-growth company, so it is valued on revenue at the multiple similar-growth peers in its sector trade at.
Details and the full model are below.
Market price above modeled range
Showing the FCFF (steady state) you selected on the company card, using 18.49% growth, 2.7% terminal growth and 10% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 18.49%, discount rate 10%, terminal growth 2.70% (sector defaults). See a worked example.
Blended growth assumption: 18.5% (sector default 6.2%, own revenue history 23.5%, analyst revenue consensus 22.1%).
Analyst consensus expects revenue growth of 22.1% a year; the growth assumption used is 18.5%.
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Why this model: Cash-flow models land far below the price for this high-growth company, so it is valued on revenue at the multiple similar-growth peers in its sector trade at.
Compare models- Recommended: Peer EV/Sales (growth peers) — SEK 635.33 (+5.9%)
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EPS-based Gordon proxy
— SEK 195.59 (-67.4%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— SEK 632.89 (+5.5%)
Not used: Not chosen: Peer EV/Sales (growth peers) ranks ahead of it for this company.
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FCFF (steady state)
— SEK 336.79 (-43.8%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— SEK 282.09 (-53.0%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— SEK 625.95 (+4.4%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— SEK 1099.95 (+83.4%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear SEK 263.27 | -127.8% |
| Base SEK 336.79 | -78.1% |
| Bull SEK 465.79 | -28.8% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 90 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +21.9% a year | 20 / 20 |
| Balance sheet | net cash | 20 / 20 |
| Margins | EBITDA margin 13% | 10 / 20 |
Peers in Industrials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| SAAB-B.ST (this company) | SEK 599.80 | 5.6% | 43.1 | 6.2 | 0.3% | 90 |
| EZJ.L easyJet plc | GBP 6.84 | 74.5% | 10.6 | 1.5 | 1.7% | 78 |
| WAWI.OL Wallenius Wilhelmsen ASA | NOK 160.60 | 64.8% | 7.1 | 2.2 | 0.3% | 100 |
| IAG.L International Consolidated Airlines Group S.A. | GBP 4.31 | 59.5% | 7.9 | 3.4 | 1.8% | 92 |
| TPK.L Travis Perkins plc | GBP 6.45 | 55.4% | – | 0.8 | 2.1% | 46 |
| DFDS.CO DFDS A/S | DKK 153.20 | 47.3% | – | 0.6 | – | 64 |
| SRP.L Serco Group plc | GBP 2.79 | 45.8% | 19.8 | 3.3 | 1.5% | 82 |
| DG.PA VINCI SA | EUR 110.60 | 42.8% | 12.8 | 2.0 | 4.2% | 90 |
| HAFNI.OL Hafnia Limited | NOK 88.95 | 40.9% | 7.2 | 1.8 | 1.2% | 100 |
| Peer median | 9.2 | 1.9 | ||||
Dividends
Paid in the last 12 months: SEK 2.40 per share · yield 0.40% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 2.400 |
| 2025 | 2.000 |
| 2024 | 1.600 |
| 2023 | 1.325 |
| 2022 | 1.225 |
| 2021 | 1.175 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 15:25
| Revenue | SEK 92,867,000,000 |
|---|---|
| EBITDA | SEK 12,428,000,000 |
| EBIT | SEK 10,202,000,000 |
| Net income | SEK 7,528,000,000 |
| Free cash flow | SEK 12,706,000,000 |
| Capital expenditures | SEK 8,520,000,000 |
| Debt | SEK 18,054,000,000 |
| Cash | SEK 21,660,000,000 |
| Working capital | SEK 17,541,000,000 |
| Shares outstanding | 541,466,492 |