Analysis date: 2026-05-31 | Country: SE | Currency: SEK
| Field | Value |
|---|---|
| Rating | Buy |
| Intrinsic Value | 390.0 SEK |
| 24m Target | 362.0 SEK |
| Price at Analysis | 338.0 SEK |
| Buffett Score | 15/20 |
| ROIC | 14.5% |
| Economic Profit | +14,692.9M SEK |
| Implied Upside (IV) | 15.4% |
Ticker: SWED-A.ST | Name: Swedbank A | Country: SE | Sector: Bank/Savings Bank
Swedbank A operates in the Nordic market. ROIC 14.5% vs WACC 8% → EP +14,692.9M SEK.
Retail and corporate customers pay interest on loans and fees for financial services.
Net interest income (NII) is the primary revenue driver, supplemented by fees and commissions.
ROIC 14.5% vs WACC 8.0% → Economic Profit +14,692.9M SEK.
Funding cost, credit quality (LLP), and regulatory capital requirements (CET1).
Moat strength: 3/5. Geographic presence, customer loyalty, and local market share.
Volume growth in mortgage and corporate portfolios plus interest rate environment.
Top risks: Credit risk, interest rate risk, Basel IV regulatory requirements, neobank competition.
Conservative credit culture, stable dividend policy, CSRD reporting obligations.
Buy — Swedbank A: Observation candidate, await data and price development.
mttssn research · Swedbank A (SWED-A.ST) · 2026-W155 · 2026-05-31