WinstonWınston
Back
Saab AB (publ) logo

Saab AB (publ)

SAAB-B.ST
63
Aerospace & Defense · Industrials
Also trades as: 0GWL.L · SAABY · SAABF
Price
kr 655.20
-11.30 (-1.70%)
Market Cap
kr 347.44B
Exchange
Stockholm Stock Exchange
Winston Score
63
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Exceptional
Cash Flow
Strong
Stability
Exceptional
Valuation
Good
Dividends
Weak

Share count rising — dilution

+1.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 533.2M (2021) → 539.8M (2025)

Winston Score History

The full picture

Saab AB is a Swedish defense and security company that makes fighter jets, submarines, radar systems, missiles, and surveillance technology. Its most famous product is the Gripen fighter aircraft, used by air forces in Sweden, Brazil, South Africa, and several other countries. Saab also makes the Carl-Gustaf reusable rocket launcher, which is sold to dozens of militaries around the world, including the United States.

Saab earns money through long-term government contracts, selling weapons systems, and providing maintenance and support services to military customers. The company operates mainly in Europe but has a growing presence in the US, Australia, and other allied nations. Its deep ties to the Swedish government and NATO-aligned countries give it a stable customer base that is hard for competitors to displace. Rising defense budgets across Europe following Russia's invasion of Ukraine are a major growth driver, though Saab faces the risk of production bottlenecks as it tries to scale up output quickly to meet surging demand.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+28.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+39.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

kr 3.6B/ year

Rising (+29% vs prior year)

4.6% of revenue

In line with sector average (4%)

R&D investment increasing — building for the future

Insider Activity

30.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

kr 12.8B cash & investments at current burn rate

Revenue accelerating

Saab AB (publ) grew revenue 29% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
22.6%
Thin — 22.6% gross margin
Profit after running costs
Operating Margin
10.9%
Modest — 10.9% operating margin
Return on the money invested
ROCE
14.8%
Good — 14.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+26.0%
Fast-growing sales (+26.0% YoY)
Profit growth
EPS YoY
+35.8%
Earnings growing fast (+35.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
204%
Turns 204% of profit into real cash
Spare cash per sale
FCF Margin
7.5%
Modest free cash flow (7.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.18
Conservative — low debt load (0.18)
Covers its interest
Interest Cover
12.87x
Comfortably covers interest (12.9x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
49.7x
Expensive — P/E 49.7

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+22.9
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (49.7 → 26.8)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
0.35%
Small dividend — 0.35% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-69.0%
Dividend cut (-69.0% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial