Saab AB

Saab AB maintains a capital structure characterized by moderate leverage and adequate short-term liquidity. The company reports total equity of SEK 43.3 billion against total liabilities of SEK 81.4 billion, resulting in a debt-to-equity ratio of 0.34. Long-term debt stands at SEK 14.7 billion, while cash and equivalents are limited to SEK 1.7 billion, leading to a negative net cash position. The current ratio of 1.3 indicates sufficient current assets to cover current liabilities, though the liquidity risk is assessed as medium due to the net debt position.

Profitability metrics demonstrate efficient capital utilization relative to the asset base. Return on equity is 14.96%, while return on assets is 5.2%. Operating income of SEK 8.1 billion on revenue of SEK 79.1 billion yields a healthy operating margin, supporting the net income of SEK 6.3 billion. These returns suggest the company is generating value above its cost of capital, although specific cohort median comparisons are not provided in the input data to benchmark relative performance.

Revenue concentration and geographic exposure details are not explicitly broken down in the available financial snapshot or segment data. The company’s activity is broadly classified under Aerospace & Defense, implying a diversified portfolio across air, land, and sea domains, but specific segment revenue mixes are absent from the provided structured data.

Growth trajectory analysis is constrained by the absence of historical period data in the input. The latest normalized period shows revenue of SEK 79.1 billion and free cash flow of SEK 1.1 billion. Operating cash flow is robust at SEK 12.1 billion, but significant capital expenditures of SEK 7.2 billion compress free cash flow, indicating heavy investment in production capacity or R&D.

Risk factors include medium dilution risk and medium liquidity risk. Key flags highlight that net cash is negative after subtracting total debt, and source documents mention dilution or offering risk. The absence of strong buy analyst recommendations and the presence of dilution flags suggest market caution regarding capital structure and potential equity issuance.

Recent events and analyst sentiment reflect a neutral outlook. The mean analyst recommendation is 3.00 (Hold), with four Buy ratings and five Hold ratings, but zero Strong Buy ratings. Price targets range from a low of SEK 310.00 to a high of SEK 760.00, with a mean target of SEK 574.00. No specific filing, news, or transcript observations are provided in the input data to detail recent corporate actions or strategic shifts.

There are no material changes to report for Saab AB (SAABB.ST) in this period. The analysis indicates no significant shifts in the company's profile compared to prior assessments, with the review covering 17 fields while excluding four schema-expansion fields. The company's fundamental structure remains static, characterized by a single officer and coverage from three analysts. Saab AB currently holds no index memberships and has no identified top holders, reflecting a stable but unchanged ownership and governance landscape. Market attention has been minimal, with cross-source signals showing zero dispatches for the majority of the observed period from late June through mid-July 2026. Activity spiked slightly on July 6 with one dispatch and July 7 with two, but sentiment data for these instances is unavailable. Given the absence of new events, financial updates, or strategic developments, there is no new information to synthesize regarding Saab AB's current trajectory. Investors should note that the lack of material change suggests a period of consolidation or quiet operation for the defense and aerospace manufacturer.

Revenue grew 19.2% CAGR from 2022 to 2026, demonstrating strong top-line expansion driven by consistent order intake and delivery execution.

Net income surged 34.6% CAGR over four years, significantly outpacing revenue growth and indicating powerful operating leverage and margin expansion.

Cash conversion ratio of 1.87 is well above the cohort median of 0.92, signaling high quality earnings and robust cash generation.

Free cash flow declined 3.0% year-over-year in 2026, suggesting potential strain on liquidity despite strong reported earnings growth.

Long-term debt increased to 14.7 billion SEK in 2026, raising leverage concerns as the company scales its operations and investments.

Medium liquidity and dilution risks are flagged, indicating potential challenges in maintaining financial flexibility or protecting existing shareholder value.

Debt-to-equity ratio of 0.34 is below the cohort median, but rising debt levels could pressure this metric if equity growth slows.

Analyst consensus remains a 'hold' with a wide price target range, reflecting uncertainty about future valuation multiples and growth sustainability.

Revenue kr 19.16B, +21,4% YoY; Operating income +32,0% YoY.

• ▍Revenue kr 19.16B, +21,4% YoY
• ▍Operating income +32,0% YoY
• ▍Net income +13,3% YoY
• ▍Free cash flow −26,2% YoY
• ▍Net margin 7.5%

Revenue kr 27.70B, +32,8% YoY; Operating income +67,0% YoY.

• ▍Revenue kr 27.70B, +32,8% YoY
• ▍Operating income +67,0% YoY
• ▍Net income +78,4% YoY
• ▍Free cash flow +614,3% YoY
• ▍Net margin 9.2%

Revenue kr 15.87B, +17,2% YoY; Operating income +15,8% YoY.

• ▍Revenue kr 15.87B, +17,2% YoY
• ▍Operating income +15,8% YoY
• ▍Net income −0,9% YoY
• ▍Free cash flow −72,8% YoY
• ▍Net margin 6.0%

Revenue kr 19.79B, +30,4% YoY; Operating income +48,5% YoY.

• ▍Revenue kr 19.79B, +30,4% YoY
• ▍Operating income +48,5% YoY
• ▍Net income +52,9% YoY
• ▍Free cash flow −63,8% YoY
• ▍Net margin 7.7%

Revenue kr 15.79B; Operating income kr 1.45B.

• ▍Revenue kr 15.79B
• ▍Operating income kr 1.45B
• ▍Net margin 8.0%

Revenue kr 20.85B; Operating income kr 1.95B.

• ▍Revenue kr 20.85B
• ▍Operating income kr 1.95B
• ▍Net margin 6.9%

Revenue kr 13.55B; Operating income kr 1.19B.

• ▍Revenue kr 13.55B
• ▍Operating income kr 1.19B
• ▍Net margin 7.1%

Revenue kr 15.17B; Operating income kr 1.33B.

• ▍Revenue kr 15.17B
• ▍Operating income kr 1.33B
• ▍Net margin 6.6%

Revenue kr 79.15B, +24,1% YoY; Operating income +42,5% YoY.

• ▍Revenue kr 79.15B, +24,1% YoY
• ▍Operating income +42,5% YoY
• ▍Net income +51,4% YoY
• ▍Free cash flow −3,0% YoY
• ▍Net margin 8.0%

Revenue kr 63.75B, +23,5% YoY; Operating income +32,5% YoY.

• ▍Revenue kr 63.75B, +23,5% YoY
• ▍Operating income +32,5% YoY
• ▍Net income +23,4% YoY
• ▍Free cash flow −20,9% YoY
• ▍Net margin 6.5%

Revenue kr 51.61B, +22,9% YoY; Operating income +30,5% YoY.

• ▍Revenue kr 51.61B, +22,9% YoY
• ▍Operating income +30,5% YoY
• ▍Net income +54,0% YoY
• ▍Free cash flow +1,0% YoY
• ▍Net margin 6.6%

Revenue kr 42.01B, +7,3% YoY; Operating income +13,4% YoY.

• ▍Revenue kr 42.01B, +7,3% YoY
• ▍Operating income +13,4% YoY
• ▍Net income +14,0% YoY
• ▍Free cash flow +77,0% YoY
• ▍Net margin 5.2%