Sandvik AB

Sandvik is organized into five business areas: Sandvik Mining, Sandvik Machining Solutions, Sandvik Materials Technology, Sandvik Construction and Sandvik Venture. Sandvik Mining specializes in equipment, tools and service for the mining industry. Sandvik Machining Solutions focuses on tools and tooling systems for metal cutting. Sandvik Materials Technology specializes in products made from stainless steel grades and special alloys. Sandvik Construction specializes in equipment, tools and service for the breaking, drilling and crushing niches. Sandvik Venture generates value by promoting growth of small and medium-sized businesses of particular interest to the Sandvik Group.
  • TickerSAND
  • ISINSE0000667891
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Engineering
  • CountrySweden

Analysts

Sandvik – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

SANDVIK AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SANDVIK AB (SE), a company active in the Industrial Machinery industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 25, 2019, the closing price was SEK 143.50 and its potential was estimated at SEK 150.68.

MarketLine Department

Caterpillar Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Caterpillar Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Caterpillar Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Denise Molina

Morningstar | Sandvik's 2018 In Line; Some End Markets Show Signs of Softness; Shares Richly Valued

Sandvik reported full-year results in line with our revenue and profit forecast. The share price looks rich to us at current levels. Sandvik has been enjoying what we think is peak cyclic order growth, which seems to be softening from automotive end markets in Europe and China, where the company also saw a weakening in demand from general engineering customers. We are maintaining our SEK 111 fair value estimate and no-moat rating. We believe the key difference between our forecasts and consensus is on margin, where we expect a slowdown in growth to lead to declining margins. Since the last tr...

Denise Molina

Morningstar | Sandvik's 2018 In Line; Some End Markets Show Signs of Softness; Shares Richly Valued

Sandvik reported full-year results in line with our revenue and profit forecast. The share price looks rich to us at current levels. Sandvik has been enjoying what we think is peak cyclic order growth, which seems to be softening from automotive end markets in Europe and China, where the company also saw a weakening in demand from general engineering customers. We are maintaining our SEK 111 fair value estimate and no-moat rating. We believe the key difference between our forecasts and consensus is on margin, where we expect a slowdown in growth to lead to declining margins. Since the last tr...

Denise Molina

Sandvik's 2018 In Line; Some End Markets Show Signs of Softness; Shares Richly Valued

Sandvik reported full-year results in line with our revenue and profit forecast. The share price looks rich to us at current levels. Sandvik has been enjoying what we think is peak cyclic order growth, which seems to be softening from automotive end markets in Europe and China, where the company also saw a weakening in demand from general engineering customers. We are maintaining our SEK 111 fair value estimate and no-moat rating. We believe the key difference between our forecasts and consensus...

Olof Larshammar

Sandvik (Hold, TP: SEK154.00) - Mining getting better and better

We have raised our 2019–2020 EBIT forecasts by 2–3% following the Q4 results, driven by higher sales and margin assumptions in Sandvik Mining and Rock Technology (SM&RT). Sandvik has clearly improved in recent years, and become more agile with a lower breakeven point. However, we believe this is already priced in following the recent outperformance versus Swedish peers, and we reiterate our HOLD while we have trimmed our target price to SEK154 (150).

Denise Molina

Morningstar | Sandvik Has Early Cycle Exposure to Economic Downturns

Sandvik has two core competencies: developing and manufacturing premium metal-cutting inserts and specialised rock excavation equipment. In the 1940s, Sandvik was one of the first companies in the world to offer cemented carbide cutting tools. This was revolutionary, as it replaced steel, which was less reliable and would wear down quickly. In excavation in the 1960s, Sandvik's drill bits helped to carve out the Mont Blanc tunnel.Today, the company operates three divisions, but not all of these contribute equally to returns and profitability. Contributing nearly 38% of revenue, the machining d...

Denise Molina

Sandvik Has Early Cycle Exposure to Economic Downturns

Although Sandvik's third quarter looked strong without signs of a slowdown, we view this year as peak demand. The company has been growing above midcycle levels for seven quarters since the trough in 2016, and year-over-year comparables are becoming increasingly tougher. Its end markets, including mining, automotive, and construction, are highly cyclical, and many of its products are delivered within 24 hours of being ordered, so visibility from one quarter to the next can be pretty poor. In add...

1 director bought

A director at Sandvik Ab bought 1,442,000 shares at 134.441SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Martin Arnell ...
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Paul Harper

Northern Lights

Jesper Ingildsen ...
  • Jon Masdal
  • Jon Berggren
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling

Northern Lights

Antti Kansanen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Mattias Montgomery
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling

On track for a strong comeback

SANDVIK AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SANDVIK AB (SE), a company active in the Industrial Machinery industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 25, 2019, the closing price was SEK 143.50 and its potential was estimated at SEK 150.68.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Caterpillar Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Caterpillar Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Caterpillar Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

MarketLine Department

Systemair AB - Strategy, SWOT and Corporate Finance Report

Systemair AB - Strategy, SWOT and Corporate Finance Report Summary Systemair AB - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Systemair AB (Systemair) is a manufacturer and distributor of ventilation products and solutions. Its products portfolio includes fans and accessories, air handling units, air distribution products, residential ventilation, air conditi...

Sandvik – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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