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

Jesper Ingildsen ...
  • Joachim Gunell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

Olof Larshammar

Sandvik (Hold, TP: SEK180.00) - Consensus orders too high

We do not expect the Q2 report to be a positive catalyst for Sandvik’s share price as we are 1% below consensus on adj. EBIT and 4% below on orders. Sandvik has clearly improved operationally in recent years, and become more agile with a lower breakeven point. However, we believe this is already priced in, and we reiterate our HOLD and SEK180 target price.

Olof Larshammar

Sandvik (Hold, TP: SEK180.00) - Consensus orders too high

Consensus orders too high

1 director bought

A director at Sandvik Ab bought 1,873 shares at 160.000SEK and the significance rating of the trade was 53/100. 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 board m...

SANDVIK AB with less fundamental stars is reduced to Neutral

SANDVIK AB (SE), a company active in the Industrial Machinery industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 14, 2019, the closing price was SEK 160.95 and its expected value was estimated at SEK 165.41.

Olof Larshammar

Sandvik (Hold, TP: SEK180.00) - Consensus orders too high

We do not expect the Q2 report to be a positive catalyst for Sandvik’s share price as we are 1% below consensus on adj. EBIT and 4% below on orders. Sandvik has clearly improved operationally in recent years, and become more agile with a lower breakeven point. However, we believe this is already priced in, and we reiterate our HOLD and SEK180 target price.

Olof Larshammar

Sandvik (Hold, TP: SEK180.00) - Consensus orders too high

Consensus orders too high

Olof Larshammar

Sandvik (Hold, TP: SEK180.00) - Two better than three

Although expected, we consider the potential listing of SMT as a positive for Sandvik. Our analysis suggests it could trigger a higher valuation, as it should lift the ROCE and EBIT margins and enable SMT to grow faster in the years to come. We reiterate our HOLD but have raised our target price to SEK180 (173).

Denise Molina

Morningstar | SAND Updated Star Rating from 18 Apr 2019

No-moat Sandvik reported in-line first-quarter results with most end markets showing stable order growth aside from automotive. With a turn in the cycle being top of mind for markets, Sandvik's management echoed sentiments we have heard from other European capital goods suppliers in the quarter so far, namely a more cautious outlook for 2019 versus 2018 largely due to geopolitical risks, including trade wars and Brexit. Aside from the automotive sector, order book growth for companies in our universe seems to be pretty stable. Some companies are benefiting from late-cycle spending by the energ...

Denise Molina

Morningstar | Sandvik Reports Solid 1Q

No-moat Sandvik reported in-line first-quarter results with most end markets showing stable order growth aside from automotive. With a turn in the cycle being top of mind for markets, Sandvik's management echoed sentiments we have heard from other European capital goods suppliers in the quarter so far, namely a more cautious outlook for 2019 versus 2018 largely due to geopolitical risks, including trade wars and Brexit. Aside from the automotive sector, order book growth for companies in our universe seems to be pretty stable. Some companies are benefiting from late-cycle spending by the energ...

1 director bought

A director at Sandvik Ab bought 1,873 shares at 160.000SEK and the significance rating of the trade was 53/100. 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 board m...

Jesper Ingildsen ...
  • Joachim Gunell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Eivind Sars Veddeng ...
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Montgomery
  • Nicolai Farstad Olsen
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

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

SANDVIK AB with less fundamental stars is reduced to Neutral

SANDVIK AB (SE), a company active in the Industrial Machinery industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 14, 2019, the closing price was SEK 160.95 and its expected value was estimated at SEK 165.41.

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...

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Expert Corporate Governance Service (ECGS)

Sandvik - AGM 29 April 2019

In general, Sandvik is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEMS 14.1-14.8, the (re-)election of the board of directors is proposed. In view of concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the (re-)election of: Ms. Marika Fredriksson (ITEM 14.3). Under ITEM 17, the board of directors seeks approval of the Company's executive remuneration guidelines. Although no (material) changes are proposed, ECGS is missing an actual LT component (with a performance measurement period of ...

Sandvik – Proxinvest Corporate Governance Rating ® : C

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