Sandvik AB
Sandvik AB (publ) is a Swedish engineering company founded in 1862, specializing in advanced products and solutions for mining and rock excavation, metal-cutting tools, and materials technology worldwide. It operates through key segments including mining and rock solutions, offering drill rigs, bolters, underground loaders, trucks, rock tools, drills, and automation systems; rock processing equipment such as crushers, screens, hydraulic breakers, and demolition tools; and metal-cutting tools, tooling systems, digital solutions, metal powders for additive manufacturing, controlled expansion alloys, tungsten powders, and recycling services. With approximately 41,801 employees, Sandvik AB (publ) serves global mining, engineering, and automotive industries, providing high-reliability equipment that ensures regular aftermarket sales and services due to the critical nature of its applications. The company holds a significant position in the specialty industrial machinery sector, emphasizing innovation in mining automation and sustainable materials to meet demands in resource extraction and advanced manufacturing.
$54.40
-$1.70 (-3.03%)
EOD Oct 22, 2026
17.38% operating margin is respectable but not wide. ROIC at 11.73%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.8% YoY. The question is whether this is cyclical or a structural shift.
At 46x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
46.1x earnings, 44.0x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 120.68B
▼ -1.8% YoY
Net Income (TTM)
kr 14.69B
▲ +20.0% YoY
Op. Margin
17.38%
▲ +1.8pp YoY
ROIC
11.73%
▲ +1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 15.38B
▼ -2.4% YoY
Op. Cash Flow (TTM)
kr 19.19B
▲ +7.7% YoY
Net Debt
kr 32.16B
Cash & Equiv.
kr 4.96B
3Y CAGR: +2.4%
3Y CAGR: +37.4%
Continue Research
Is Sandvik AB (SAND) overvalued?
At a P/E of 46.1 and a price-to-free-cash-flow of 44.0, Sandvik AB (SAND) trades below a two-stage DCF intrinsic value of about SEK 316.50 per share, so at SEK 54.40 the stock looks undervalued (481.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Sandvik AB scores 57/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.1%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Sandvik AB's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 316.50 per share for SAND, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 237.37. At today's SEK 54.40, that puts the stock about 481.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Sandvik AB a high-quality business?+
Sandvik AB scores 57 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 17.4% operating margin and a 11.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Sandvik AB (SAND) pay a dividend, and how much?+
Yes, Sandvik AB pays a regular dividend of about SEK 0.65 per share per year (typically in quarterly installments), a yield of roughly 0.1% at the current price. That is a payout ratio of about 5.5% of earnings, so the dividend is amply covered by earnings. Sandvik AB has grown the dividend at roughly 7.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SAND's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Sandvik AB a good stock to buy right now?+
That depends on valuation and quality together, not either alone. SAND currently trades below its estimated intrinsic value and scores 57/100 on quality (mixed). It also yields about 0.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Specialty Industrial Machinery
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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