SAAB Initiation of coverage: Backlog conversion is clear; returns not as much
Igår, 07:25
Rooted in Sweden’s industrial heritage, SAAB is a defense-technology company with a Western-friendly offering spanning the air, land, and naval domains. The current defense upcycle, sparked by the war of aggression against Ukraine and reinforced by European and NATO demand, is driving a period of high growth, profitability and returns on capital for SAAB. Because we expect this phase of abnormally strong demand to ease much sooner than the market seems to expect, we view the current valuation as (P/E 50x for 2025) unsustainable and initiate coverage with a Sell recommendation and a target price of SEK 310.
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SAAB Initiation of coverage: Backlog conversion is clear; returns not as much
Igår, 07:25
Rooted in Sweden’s industrial heritage, SAAB is a defense-technology company with a Western-friendly offering spanning the air, land, and naval domains. The current defense upcycle, sparked by the war of aggression against Ukraine and reinforced by European and NATO demand, is driving a period of high growth, profitability and returns on capital for SAAB. Because we expect this phase of abnormally strong demand to ease much sooner than the market seems to expect, we view the current valuation as (P/E 50x for 2025) unsustainable and initiate coverage with a Sell recommendation and a target price of SEK 310.
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Fonder
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Analyser
Aktierekommendationer
Aktiemarknaden
-992x558.webp&w=3840&q=75)
Fonder
Analyser
Aktierekommendationer
Aktiemarknaden
Marknadsöversikt
1 DAG %
Senast
1 mån
