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Svenska Handelsbanken AB (SHB-A) Fair Value & Analysis

Financial Services · SE · Market cap 270B SEK

SH Svenska Handelsbanken AB SHB-A · ST
Pricekr 139.85
Fair Valuekr 158.60
Upside+13.4%
Quality58/100
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Evidence: High Range kr 118.95 – kr 198.25

Fair value as of: Jul 7, 2026

From 15 valuation models · updated 10 days ago

Share price +0.4% over the past month.

Price vs Fair Value (12 months)

kr 145.50 kr 99.55 Fair Value kr 158.60 Jul 2025 Jul 2026

12‑month range kr 99.55 – kr 145.50 · fair‑value band kr 118.95 – kr 198.25 · the kr 139.85 price screens below the kr 158.60 fair value. As of Jul 7, 2026.

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Analysis

Svenska Handelsbanken AB (SHB-A) currently trades at kr 139.85, while our model-based Fair Value estimate is kr 158.60, implying the stock looks roughly 13.4% undervalued today. We read business quality at 58/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Svenska Handelsbanken AB generated revenue of 55.7B SEK at a net margin of 42.6%. Revenue declined 9.3% year over year. It earns a return on equity of 13.5%. Net debt stands at 1.3T SEK. Fundamentals as of Jul 7, 2026

Our scenario range runs from kr 118.95 (bear case) to kr 198.25 (bull case); at kr 139.85, the current price sits within that range. The share trades near its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 70% fair-value upside, at 13%, SHB-A screens richer than that median.

Key figures & financial health

Revenue (TTM) 55.7B SEK
Revenue growth (YoY) -9.3%
Net margin 42.6%
Return on equity 13.5%
Free cash flow −46.8B SEK FY2025
P/E ratio 11.1
More key figures
Operating margin 51.9%
EPS (TTM) kr 12.14
Dividend yield 6.0%
EPS growth (YoY) +0.6%
Net debt 1.3T SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 7, 2026. TTM = trailing twelve months.

About the company

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally. The company offers personal and corporate banking, and financial institutions. It provides green loans, pension, advisory, investment and other financing services. In addition, the company's financial services, includes asset management, transaction banking, corporate finance, financing, markets, trade finance, market information and research services to large corporations; trading and execution. Further, it provides cash management, and securities finance solutions; and various corporate banking services to small and medium-sized companies and large corporates, as well as digital and private banking services. Svenska Handelsbanken AB (publ) was incorporated in 1871 and is headquartered in Stockholm, Sweden.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Svenska Handelsbanken AB reported revenue of kr 144B in FY2025 versus kr 42.9B in FY2021, a compound +35.3%/yr. Reported net income was kr 23.7B in FY2025, compounding +5.0%/yr from FY2021.

Revenue +35.3%/yr
FY21 kr 42.9B
FY22 kr 49.2B
FY23 kr 62.1B
FY24 kr 62.3B
FY25 kr 144B
Net income +5.0%/yr
FY21 kr 19.5B
FY22 kr 21.7B
FY23 kr 29.1B
FY24 kr 27.5B
FY25 kr 23.7B

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Cite: Fair Value Calculator (2026). "Svenska Handelsbanken AB Fair Value". https://www.fairvalue-calculator.com/stock/SHB-A

Recent news

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Frequently asked questions

Is Svenska Handelsbanken AB (SHB-A) undervalued?
As of Jul 7, 2026, our model estimates a fair value of kr 158.60 versus a price of kr 139.85, about +13% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SHB-A?
Our model-based fair value for Svenska Handelsbanken AB is kr 158.60 (as of Jul 7, 2026), built from audited fundamentals. The current price is kr 139.85.
What is the quality score of SHB-A?
Svenska Handelsbanken AB has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Svenska Handelsbanken AB (SHB-A)?
Svenska Handelsbanken AB reported trailing-twelve-month revenue of about 55.7B SEK (latest available figure, as of Jul 7, 2026).
What is the net profit margin of SHB-A?
The net profit margin of Svenska Handelsbanken AB is about 42.6%, meaning it keeps roughly 42.6% of revenue as net income. Based on the latest reported figures.
Does Svenska Handelsbanken AB pay a dividend?
Svenska Handelsbanken AB currently shows a dividend yield of about 5.95% relative to its recent price (as of Jul 7, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.