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SKF AB
OTC:SKUFF

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SKF AB Logo
SKF AB
OTC:SKUFF
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Price: 22.33 USD
Updated: Mar 29, 2024

Intrinsic Value

SKF AB engages in the manufacture of machine and rotating equipment. [ Read More ]

The intrinsic value of one SKUFF stock under the Base Case scenario is 26.6 USD. Compared to the current market price of 22.33 USD, SKF AB is Undervalued by 16%.

Key Points:
SKUFF Intrinsic Value
Base Case
26.6 USD
Undervaluation 16%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
SKF AB

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Fundamental Analysis

SKF Q2 Report: Strong Sales and Profit Growth
2023-Q2 Earnings Call

SKF Q2 Report: Strong Sales and Profit Growth

SKF's Q2 results showcase a record quarter with an 8% organic sales growth, indicating a steadfast momentum in their profitable growth journey. Sales exceeded SEK 27 billion, with an adjusted operating profit of SEK 3.6 billion and a net cash flow from operations at SEK 3.7 billion. Their operating margin improved to 13.3%, edging closer to the 14% target. Industrial business grew nearly 6%, with particularly strong performances in EMEA and Asia, excluding China's modest growth. Americas saw limited growth at 1.6%, due to OEM destocking, while certain sectors like railway maintained double-digit growth. The Automotive segment saw a remarkable 14% growth and reached a 7% adjusted operating margin, a substantial climb from the previous year and a step towards the 2025 target of 8%. High-growth segments, especially electric vehicles, continued their upward trajectory with a 26% growth in the quarter, predominantly in Europe. SKF prioritizes portfolio management and technology innovation, notably in ceramic bearings for which demand is surging. Sustainability underpins their strategy, with cleantech solutions witnessing rising demand and the introduction of product category rules to facilitate industry-wide sustainability assessments.

Financials

Balance Sheet Decomposition
SKF AB

Current Assets 59.9B
Cash & Short-Term Investments 14.1B
Receivables 16.8B
Other Current Assets 29.1B
Non-Current Assets 52B
Long-Term Investments 1.6B
PP&E 29.8B
Intangibles 17B
Other Non-Current Assets 3.6B
Current Liabilities 27.6B
Accounts Payable 11.2B
Other Current Liabilities 16.4B
Non-Current Liabilities 31.5B
Long-Term Debt 17.9B
Other Non-Current Liabilities 13.7B
Efficiency

Earnings Waterfall
SKF AB

Revenue
103.9B SEK
Cost of Revenue
-77.4B SEK
Gross Profit
26.5B SEK
Operating Expenses
-15.1B SEK
Operating Income
11.4B SEK
Other Expenses
-5B SEK
Net Income
6.4B SEK

Free Cash Flow Analysis
SKF AB

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3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

SKUFF Profitability Score
Profitability Due Diligence

SKF AB's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

ROIC is Increasing
Positive Gross Profit
Positive 3-Years Revenue Growth
Positive 3-Year Average ROE
54/100
Profitability
Score

SKF AB's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

SKUFF Solvency Score
Solvency Due Diligence

SKF AB's solvency score is 64/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
Low D/E
Short-Term Solvency
Long-Term Solvency
64/100
Solvency
Score

SKF AB's solvency score is 64/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SKUFF Price Targets Summary
SKF AB

Wall Street analysts forecast SKUFF stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SKUFF is 23.15 USD .

Lowest
Price Target
Not Available
Average
Price Target
23.15 USD
4% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

SKF B Price
SKF AB

1M 1M
-3%
6M 6M
+20%
1Y 1Y
+11%
3Y 3Y
-2%
5Y 5Y
+61%
10Y 10Y
+77%
Annual Price Range
218.5
52w Low
169.45
52w High
236.5
Price Metrics
Average Annual Return 5.41%
Standard Deviation of Annual Returns 19.82%
Max Drawdown -43%
Shares Statistics
Market Capitalization 99.5B SEK
Shares Outstanding 455 351 068
Percentage of Shares Shorted
N/A

SKF B Return Decomposition
Main factors of price return

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Company Profile

SKF AB Logo
SKF AB

Country

Sweden

Industry

Machinery

Market Cap

99.5B USD

Dividend Yield

3.22%

Description

SKF AB engages in the manufacture of machine and rotating equipment. The company is headquartered in Goeteborg, Vastra Gotalands and currently employs 42,602 full-time employees. The firm's services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The firm's segments include Industrial and Automotive. The firm develops and manufactures a range of products for the industrial market, including bearings, seals, lubrication systems and condition monitoring. The company also provides a range of services and solutions around the rotating shaft in the areas of machine health, reliability engineering and remanufacturing. The firm provides a range of products, solutions and services to manufacturers of cars, light and heavy trucks, trailers, buses and two-wheelers. The vehicle aftermarket is served directly, as well as indirectly through a network of distributors and dealers.

Contact

VASTRA GOTALANDS
Goeteborg
Sven Wingqvists gata 2
+46313371000.0
http://www.skf.com/

IPO

1905-03-30

Employees

42 602

Officers

President, CEO & Director
Mr. Rickard Gustafson
Senior VP of Group Finance & CFO
Mr. Niclas Rosenlew
Senior Vice President of Group Operations & Digital Transformation
Mr. Joakim Landholm
Director of Group Controlling & Accounting
Carina van den Berg
CTO & Senior VP of Technology
Ms. Annika Olme

See Also

Discover More
What is the Intrinsic Value of one SKUFF stock?

The intrinsic value of one SKUFF stock under the Base Case scenario is 26.6 USD.

Is SKUFF stock undervalued or overvalued?

Compared to the current market price of 22.33 USD, SKF AB is Undervalued by 16%.