Sandvik (SAND) Stock Price, Fundamentals & Analysis

What SAND does

Sandvik (SAND) is an engineering company headquartered in Stockholm, Sweden, listed on the Nasdaq Stockholm exchange and part of the Swedish industrial landscape alongside names like Atlas Copco A (ATCO-A) and ABB Ltd (ABB). Founded in 1862, the company employs around 42,373 people worldwide.

Its business spans three main areas: mining and rock excavation equipment (drill rigs, underground loaders and trucks, rock tools and mining automation), rock processing equipment such as crushers and screens, and metal cutting — cutting tools, tooling systems and digital solutions. It also produces metal powder for additive manufacturing and tungsten powders, and offers recycling services for secondary tungsten raw materials.

Customers come from aerospace, automotive, mining, general engineering and infrastructure industries, which means the stock often moves with global industrial and mining investment cycles. It is one of the larger industrials you can follow among Nasdaq Stockholm stocks, and it is frequently compared with peers such as Volvo B (VOLV-B) and SKF B (SKF-B).

Key numbers explained

• Price: 378 SEK, up +1.64% today. Over the last 52 weeks the share has ranged from 258.1 to 413.1 SEK and gained 42.9% — a strong year, though the current price sits below the 52-week high.
• Market capitalisation — the total value of all shares — is 474.16B SEK, which places Sandvik among the large caps of the Swedish market.
• The trailing P/E ratio of 28.2 means the share price equals roughly 28 years of current earnings; the forward P/E of 27.8 is based on expected earnings and is slightly lower.
• Earnings per share over the trailing 12 months are 13.42 SEK, with a profit margin of 13.1% and an operating margin of 19.7% — the company keeps a meaningful share of each unit of revenue as profit.
• Revenue over the trailing 12 months is 129.12B SEK, growing 23.7% year over year — a notably fast pace for an industrial group.
• The dividend yield of 1.59% means shareholders receive about that share of the price annually; the company pays out 45% of earnings as dividends, with the ex-dividend date on Apr 29, 2026.
• Return on equity of 17.9% shows how efficiently profit is generated from shareholders' capital, while a debt-to-equity ratio of 42.9% indicates moderate use of borrowed money. A beta of 1.33 suggests the share has historically moved more than the overall market.

What to watch

As a cyclical industrial, Sandvik's results tend to follow mining and construction investment, manufacturing activity and infrastructure spending worldwide. Revenue growth of 23.7% year over year and the upcoming earnings date on Oct 22, 2026 are natural points for the market to reassess expectations. Margins can be sensitive to raw material costs, supply chains and currency movements, since the company sells globally. The dividend policy — 45% of earnings paid out — depends on continued profitability. For context, it is worth tracking how the whole Swedish industrial sector, including peers like Skanska B (SKA-B) and Assa Abloy B (ASSA-B), develops, as these stocks often react to similar macro conditions.