SAAB AB
SAAB-B · STO · Aerospace/Defence
Saab AB is a Swedish defence, aerospace, and security company that provides advanced technology systems for governments, armed forces, civil security customers, and international partners.
Current price
610.50
▲ +12.40 (2.07%) today
Share price
Live market dataET&A View
We have not published a view on SAAB AB yet.
The financial summary below is still available.
Business Health
Is the business financially healthy?
Yes — healthy
Revenue, earnings and the balance sheet stand out.
Overall
- Growth Excellent
Revenue
SEK 88.2bn · ↑ +24% last year
- Growth Excellent
Earnings
SEK 7.1bn · ↑ +51% last year
- Average
Margins
Keeps 11% of sales as operating profit
- Good
Cash generation
SEK 4.9bn spare cash a year · 6% of sales
- Strong
Balance sheet
Debt ≈ 0.1 years of earnings
- Yield Weak
Dividend
0.4% yield · Pays out 17% of earnings · covered 6.0×
Investor View
More on SAAB AB
Open a section for the detail behind the quick view.
Financial and earnings trendsSales, margins, profit, earnings per share and cash, year by year.
Reported annual results, newest first · Market data. “Growth” is the change in sales on the year before.
| Year | Revenue | Growth | Operating margin | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| FY2025 | SEK 79.1bn | +24.1% | 9.6% | SEK 6.3bn | SEK 11.70 | SEK 4.9bn |
| FY2024 | SEK 63.8bn | +23.5% | 8.8% | SEK 4.2bn | SEK 7.74 | SEK 1.9bn |
| FY2023 | SEK 51.6bn | +22.9% | 8.8% | SEK 3.4bn | SEK 6.29 | SEK 2.9bn |
| FY2022 | SEK 42.0bn | — | 7.8% | SEK 2.2bn | SEK 4.10 | SEK 2.3bn |
How it compares with peersOther companies we cover in Aerospace/Defence.
- Northrop Grumman CorpNOC
ET&A sees significant upside from the current price with an attractive risk/reward profile.
- Lockheed Martin CorpLMT
ET&A likes the company but would prefer investors to build exposure gradually.
- BAE Systems plcBA
ET&A sees significant upside from the current price with an attractive risk/reward profile.
- Airbus SEAIR
ET&A sees significant upside from the current price with an attractive risk/reward profile.
Compare SAAB AB with any company → The model’s own peer calculations are in the Research View.
What the company doesThe full company profile.
Saab AB is a Swedish defence, aerospace, and security company that provides advanced technology systems for governments, armed forces, civil security customers, and international partners. Its business spans fighter aircraft, surveillance systems, sensors, command and control, missiles, naval systems, submarines, electronic warfare, training systems, and civil security solutions.
Saab’s strength comes from its strategic role in European defence, its engineering depth, and its exposure to rising demand for modern military and security capabilities. The company is best known for platforms and systems such as the Gripen fighter jet, GlobalEye airborne surveillance aircraft, radar and sensor technologies, naval defence systems, and anti-armour weapons. As geopolitical tensions drive higher defence spending and countries invest in air, land, sea, cyber, and surveillance capabilities, Saab remains one of the most important defence technology companies in Europe.
Aerospace/Defence · Sweden
Research ViewOpen the full researchThe full researchFull financial statements, valuation multiples, historical data, forecasts, methodology, scoring calculations and the valuation model.OpenClose
For detailed analysis. Each section opens on its own.
Financial statementsEvery published figure with its source, the market snapshot and connected sheets.
Income
- Revenue
- SEK 88.2bnMarket data
- Gross profit
- SEK 19.4bnMarket data
- EBITDA
- SEK 10.8bnMarket data
- Operating profit (EBIT)
- SEK 7.6bnMarket data
- Net income
- SEK 7.1bnMarket data
- Earnings per share (EPS)
- SEK 13.11Market data
Growth
- Revenue growth, latest year
- Excellent24.1%Calculated
- Revenue growth, 3-year average
- Excellent23.5%Calculated
- Earnings growth, latest year
- Excellent51.4%Calculated
- Earnings growth, 3-year average
- Excellent42.2%Calculated
- Revenue growth, latest quarter vs a year earlier
- 28.6%Market data
- Earnings growth, latest quarter vs a year earlier
- 39.9%Market data
Margins & returns
- Gross margin
- Average22.0%Market data
- EBITDA margin
- 12.3%Market data
- Operating margin
- Average10.9%Market data
- Net margin
- Average8.0%Market data
- Return on equity (ROE)
- Strong15.9%Market data
- Return on assets (ROA)
- 4.6%Market data
Cash flow
- Operating cash flow
- SEK 14.5bnMarket data
- Free cash flow
- SEK 4.9bnMarket data
- Free-cash-flow margin
- Good5.5%Calculated
- Free cash flow ÷ net income
- 0.7×Calculated
Balance sheet
- Cash
- SEK 12.9bnMarket data
- Total debt
- SEK 14.5bnMarket data
- Net debt
- SEK 1.6bnMarket data
- Net debt ÷ EBITDA
- Strong0.1×Calculated
- Debt ÷ equity
- 0.3×Market data
- Current ratio
- 1.2×Market data
Shares & dividends
- Shares outstanding
- 529.1mMarket data
- Market capitalisation
- SEK 328.8bnMarket data
- Dividend per share
- SEK 2.40Market data
- Dividend yield
- Weak0.4%Market data
- Payout ratio
- 16.8%Market data
- Market data — the live feed (Yahoo Finance)
- Calculated — worked out by ET&A from the figures shown, using the formulas in our methodology
Other published figures
- Price / Sales
- Members
- EV / EBITDA
- Members
- Price / Book
- Members
- Forward P/E
- Members
Market data
LiveAs of 14 October 2026
- P/E Ratio
- 46.57x
Valuation multiplesP/E, forward P/E, EV/EBITDA, Price/Sales and FCF yield — today and at Fair Value.Members
Standard ways of comparing the share price with the company’s earnings, sales and cash. Tap the “i” for what each one means.
| Measure | Today | Source |
|---|---|---|
| P/E | Members | |
| Forward P/E | Members | |
| EV/EBITDA | Members | |
| Price/Sales | Members | |
| FCF Yield | Members |
Valuation ratios are part of ET&A membership.
Other published measures
- Price / Book
- Members
Historical dataValuation history, how our view has changed, and the share-price history.
Share-price history
Use the 5Y and Max ranges on the price chart at the top of the page.
ForecastsWhat analysts expect — market consensus, not ET&A estimates.
Forecasts
- Forward EPS (next year, consensus)
- SEK 9.95Market data
- Expected EPS growth, next year
- Excellent27.4%Market data
- Expected revenue growth, next year
- 23.7%Market data
Forecasts are market consensus or calculated from forward EPS — not ET&A estimates, and they can be wrong.
MethodologyHow ET&A values a company and reaches a view.
How we value SAAB AB
- 1. The right method for the business. Each business is valued on the method that suits its economics — earnings for most companies, book value and returns for banks and insurers, cash flows or dividends where earnings mislead.
- 2. What the business deserves. ET&A builds a fair multiple from the company's own quality, sustainable growth, earnings predictability and risk. History, peers and the market are checked against it, but they don't set it.
- 3. Fair Value. The earnings (or other basis) per share multiplied by that fair multiple, cross-checked against independent methods.
- 4. Preferred Entry. A price below Fair Value that leaves room for the return ET&A requires for the company's risk.
- 5. Is it expensive? Today’s price is placed on ET&A’s Valuation Attractiveness scale — the same measure the ET&A Score uses. Cheap is the Preferred Entry; above Fair Value the shares are Expensive, and Very Expensive once they are more than 25% above it.
Powered by the ET&A Valuation FrameworkHow Fair Value & Preferred Entry work →
Read the full ET&A methodology →Scoring calculationsBehind the ET&A Score and the Business Health ratings.
Behind the ET&A Score
The automatic, rules-based scores that feed our research. The ET&A Score blends these with our own analysis of the business and its value. How the framework works →
ET&A Quant Score
Thin margins · Strong balance sheet · Positive
Context — not part of the score
- Valuation multiplesPriced on the high side
- Share-price steadinessHigh volatility
- IncomeLow yield
Valuation and share-price swings describe the shares, not the company, so they are judged in the ET&A Score and View instead.
- Annualised volatility
- Members
- Max drawdown (1y)
- Members
- 12-month return
- Members
- 3-month return
- Members
- P/E
- Members
- Price / Sales
- Members
- EV / EBITDA
- Members
- EBITDA margin
- Members
- Net debt / EBITDA
- Members
- Dividend yield
- Members
Based on the factors that could be measured (45% of the model).
Business Health ratings
Each area is scored from 0 to 10 on ET&A’s methodology scales — the same ones our research uses — then given a word: Excellent from 8.5, Strong from 7, Good from 5.5, Average from 4.5, Below Average from 3, Weak below 3. The overall answer is the average of the areas we could rate (at least three); the dividend isn’t part of it.
| Area | Based on | Score | Rating |
|---|---|---|---|
| Revenue |
Rated on 3-year average revenue growth, on ET&A's growth scale. | 9.4 / 10 | Excellent |
| Earnings |
Rated on 3-year average earnings growth, on ET&A's growth scale. | 10.0 / 10 | Excellent |
| Margins |
The average of operating and net margin, each scored on ET&A's margin scales. A negative margin scores 1 (Weak). | 5.1 / 10 | Average |
| Cash generation |
Free cash flow as a share of sales, on ET&A's cash-generation scale. | 6.2 / 10 | Good |
| Balance sheet |
Net debt ÷ EBITDA — roughly how many years of operating earnings would repay the debt — on ET&A's leverage scale. | 8.4 / 10 | Strong |
| Dividend |
Dividend yield on ET&A's income scale. Not part of the overall health rating. | 1.8 / 10 | Weak |
| Overall | Average of the 5 rated areas | 7.8 / 10 | Strong |
ET&A's scales
Where each band starts on the scales above. They are fixed and identical for every company we cover; they come straight from ET&A’s methodology, so a company is judged the same way here as in our research.
| Measure | Excellent | Strong | Good | Average | Below Average | Weak |
|---|---|---|---|---|---|---|
| GrowthStructural Growth (Fundamental Conviction) | 18%+ | 10%+ | 5.0%+ | 1.7%+ | −2.5%+ | below −2.5% |
| Operating marginCompetitive Position (Fundamental Conviction) | 29%+ | 20%+ | 13%+ | 7.5%+ | 0%+ | below 0% (loss) |
| Net marginEarnings Durability (Fundamental Conviction) | 23%+ | 15%+ | 9.8%+ | 6.0%+ | 0%+ | below 0% (loss) |
| Free-cash-flow marginCapital Allocation (Fundamental Conviction) | 15%+ | 8.5%+ | 3.8%+ | 1.3%+ | −2.5%+ | below −2.5% |
| Net debt ÷ EBITDAStructural Risk (Fundamental Conviction) | net cash | ≤ 1.5× | ≤ 2.8× | ≤ 3.6× | ≤ 5.0× | above 5.0× |
| Return on equity (banks & insurers)Bank and insurer quality | 16%+ | 12%+ | 9.0%+ | 6.7%+ | 2.7%+ | below 2.7% |
| Equity ÷ assetsBank capital | 7.5%+ | 6.0%+ | 4.7%+ | 4.0%+ | any | — |
| Dividend yieldIncome factor (ET&A Quant Score) | 5.8%+ | 4.0%+ | 2.5%+ | 1.8%+ | 1.0%+ | below 1.0% |
Band floors: Excellent 8.5 · Strong 7 · Good 5.5 · Average 4.5 · Below Average 3 (scores out of 10). Utilities and property companies’ structural debt is scored 6.5, as in ET&A’s risk model.
Research notesNo research notes published yet.
No research notes have been published for SAAB AB yet.
Need deeper analysis on SAAB AB? ET&A Professional includes full company notes, valuations and models — or commission bespoke research.