SAS (SAS.ST) Stock Price
SAS Price
Revenue at SAS has contracted by 1.7% per year over the past 19 years to 42.04 B SEK. Earnings per share have grown at 9.6% per year over the last 14 years. SAS's net margin stands at -13.6%, down from 1.3% several years earlier.
SAS stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of SAS over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how SAS stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing SAS's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | SAS Price |
|---|
SAS Revenue, EBIT, Net Income
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SAS Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB SEK |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB SEK |
| EBITB SEK |
| EBIT MARGIN% |
| NET INCOMEB SEK |
| NET INCOME GROWTH% |
| SHARESB |
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 41.41 | 35.99 | 42.18 | 38.01 | 39.65 | 39.46 | 42.65 | 44.72 | 455.55 | 199.95 | 136.05 | 310.20 | 42.04 | 43.92 | 46.83 | 54.31 |
| 1.69 | -13.10 | 17.22 | -9.90 | 4.33 | -0.48 | 8.10 | 4.84 | 918.73 | -56.11 | -31.96 | 128.00 | -86.45 | 1.00 | -1.70 | 15.98 |
| 28.29 | 73.84 | 30.93 | 30.32 | 30.13 | 32.90 | 31.52 | 31.88 | 28.24 | -32.15 | -24.72 | 6.55 | 11.93 | 11.93 | 11.93 | 11.93 |
| 11.72 | 26.57 | 13.05 | 11.52 | 11.95 | 12.98 | 13.45 | 14.26 | 128.66 | -64.28 | -33.64 | 20.32 | 5.02 | 5.24 | 5.59 | 6.48 |
| 0.65 | -0.47 | 1.38 | 0.15 | 2.23 | 1.89 | 2.19 | 2.52 | 11.37 | -93.08 | -52.12 | -60.85 | -2.81 | 1.31 | 2.62 | 4.64 |
| 1.56 | -1.31 | 3.27 | 0.40 | 5.61 | 4.79 | 5.13 | 5.64 | 2.49 | -46.55 | -38.31 | -19.62 | -6.68 | 2.98 | 5.60 | 8.55 |
| -1.69 | -0.99 | 0.18 | -0.74 | 0.96 | 1.32 | 1.15 | 1.59 | 6.05 | -90.41 | -63.58 | -68.70 | -5.70 | -0.47 | 0.68 | -2.35 |
| -23.94 | -41.61 | -118.17 | -511.17 | -229.89 | 38.18 | -13.02 | 38.29 | 280.93 | -1,593.59 | -29.67 | 8.05 | -91.70 | – | – | -448.00 |
| 1.22 | 0.33 | 1.22 | 1.22 | 1.22 | 1.22 | 1.41 | 1.41 | 1.41 | 7.27 | 7.27 | 7.27 | 7.27 | 7.27 | 7.27 | 7.27 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales SAS generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue SAS retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare SAS's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares SAS has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against SAS's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
SAS stock margins
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SAS Stock Revenue, EBIT, Earnings per Share
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SAS business model & stock analysis
SAS SWOT Analysis
Strengths
• Strong brand reputation in the market • Diversified customer base • Extensive product portfolio • Robust financial performance • Efficient supply chain management
Weaknesses
• Lack of innovation in recent product launches • High dependency on a few key suppliers • Limited market presence in certain regions • Relatively higher production costs compared to competitors • Inadequate investment in digital marketing
Opportunities
• Growing demand for analytics and data management solutions • Expansion into emerging markets with increasing IT adoption • Technological advancements in AI and machine learning • Strategic partnerships and acquisitions • Rising need for cybersecurity solutions
Threats
• Intense competition from both established players and startups • Potential economic downturn impacting customer spending • Rapidly changing technology landscape • Increasing government regulations on data privacy • Cybersecurity risks and data breaches
SAS Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
SAS historical P/E ratio, EBIT multiple, and P/S ratio
SAS annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down SAS's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in SAS's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare SAS's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
SAS shares outstanding
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SAS stock splits
Since 2010, a total of 0.03333333333333333 shares have been converted from one SAS share.
SAS Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 11/30/2023 | -SEK | -0.27SEK | 11.68 BSEK | - | 2023 Q3 |
| 8/31/2023 | 0.04SEK | -0.29SEK | 13.35 BSEK | - | 2023 Q2 |
| 6/1/2023 | -0.23SEK | -0.21SEK | 10.35 BSEK | - | 2023 Q1 |
| 2/24/2023 | -0.36SEK | -0.37SEK | 7.92 BSEK | - | 2022 Q4 |
| 11/30/2022 | -SEK | -0.17SEK | 11.22 BSEK | - | 2022 Q3 |
| 8/26/2022 | -0.24SEK | -0.25SEK | 10.83 BSEK | - | 2022 Q2 |
| 6/2/2022 | -0.20SEK | -0.21SEK | 6.80 BSEK | - | 2022 Q1 |
| 2/22/2022 | -0.27SEK | -0.34SEK | 5.06 BSEK | - | 2021 Q4 |
| 12/3/2020 | 0.71SEK | -1.10SEK | -SEK | - | 2020 Q3 |
| 8/25/2020 | -0.31SEK | -0.76SEK | -SEK | - | 2020 Q2 |
EESG©
Eulerpool ESG Scorecard© for the SAS stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
SAS shareholder structure
| % | Name |
|---|---|
0.05550% | |
0.00036% | |
0.00000% | |
0.00000% | |
0.00000% |
SAS Beneficial Ownership Filings (SEC 13D/G)
SAS Executives and Management Board
19 members · avg. age 56 · 26 % women
Mr. Anko Van der Werff (48)
President, Chief Executive Officer
17.68 M SEK
Management
Mr. Erno Hilden (53)
Chief Financial Officer, Executive Vice President
Mr. Jason Mahoney (53)
Chief Operating Officer, Executive Vice President
Ms. Pernille Vang (47)
Chief People Officer, Executive Vice President
Ms. Charlotte Svensson (57)
Executive Vice President, Chief Information Officer
Ms. Anna Almen (54)
Executive Vice President, Chief Legal Officer
Mr. Kjetil Habjorg (52)
Executive Vice President - Airline Services
Board of Directors
Mr. Carsten Dilling (62)
Independent Chairman of the Board
Mr. Lars-Johan Jarnheimer (64)
Independent Vice Chairman of the Board
Mr. Kay Kratky (66)
Independent Director
Hr. Oscar Stege Unger (49)
Independent Director
Mr. Kim Christiansen (61)
Director, Employee Representative
Mr. Jens Lippestad (64)
Director, Employee Representative
SAS Supply Chain
SAS Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.78 | 0.84 | 0.48 | ||
| 2 | 0.36 | 0.67 | 0.45 | ||
| 3 | 0.54 | 0.29 | 0.44 |
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | -0.60 | -0.62 | — | ||
| 2 | 0.60 | 0.87 | — | ||
| 3 | -0.47 | 0.28 | — | ||
| 4 | 0.60 | -0.50 | -0.50 | ||
| 5 | 0.77 | -0.30 | -0.43 |
Frequently asked questions about SAS
The business model of SAS AB, a leading Scandinavian airline, revolves around offering commercial airline transportation and related services. SAS AB primarily operates in the markets of Sweden, Norway, and Denmark, providing domestic and international flights. The company's services include passenger transportation, cargo transportation, and aviation-related consultancy services. SAS AB focuses on meeting the evolving needs of travelers by offering a range of travel classes, innovative products, and a strong focus on sustainability. By continuously adapting to market demands and offering high-quality services, SAS AB aims to maintain its position as a preferred choice for travelers in the region.
SAS AB is primarily active in the aviation and travel industry.
The main competitors of SAS AB in the market include other major airline companies such as Norwegian Air Shuttle, Ryanair Holdings, and Lufthansa Group. These competitors also operate in the European airline industry and offer similar services and routes, catering to both domestic and international travelers. SAS AB faces competition in terms of pricing, customer experience, and market share from these companies. However, SAS AB has its unique strengths and customer loyalty that help it maintain its position in the highly competitive airline market.
SAS AB is a renowned Scandinavian airline established in 1946. With a rich history spanning over seven decades, SAS AB has become one of the leading airlines in Europe. Initially founded by three nations, Sweden, Denmark, and Norway, the company aimed to ensure better connectivity and improve air transportation in the region. Over the years, SAS AB has expanded its operations and gained a strong foothold globally, offering flights to various destinations worldwide. Today, SAS AB is recognized for its commitment to quality service, innovation, and sustainability, making it a trusted choice for travelers seeking reliable and efficient air travel options.
SAS AB, a leading Scandinavian airline, has achieved various significant milestones over the years. In 1946, SAS was established as a cooperative venture by the governments of Denmark, Norway, and Sweden, becoming the first airline in the world to offer regularly scheduled transatlantic flights. In the 1950s, SAS further expanded its operations and introduced the revolutionary concept of polar route flights. Throughout its history, SAS has continuously adapted to changing market conditions, focusing on innovation, sustainability, and customer-centric services. Today, SAS AB is recognized as a trusted and renowned airline, offering millions of passengers safe and comfortable travel experiences across its extensive network.
SAS AB is primarily present in various countries and regions across the globe. As a multinational airline, SAS AB operates in Scandinavia, including countries like Sweden, Norway, Denmark, and Finland. Additionally, SAS AB has a significant presence in other European countries, such as Germany, France, Spain, and the United Kingdom. With a wide network of destinations, SAS AB also serves multiple regions in North America, including the United States and Canada. As a leading airline, SAS AB continues to expand its presence and connectivity across different countries and regions for the convenience of its passengers.
SAS AB, a leading Scandinavian airline, represents values of customer-centricity, sustainability, and innovation. With a corporate philosophy focused on delivering exceptional travel experiences, SAS AB prioritizes customer satisfaction through efficient operations and high-quality services. Sustainability is integral to their operations, as SAS AB aims to reduce their environmental footprint and contribute to sustainable aviation. Furthermore, the company thrives on innovation, constantly evolving to meet the changing needs of their passengers and the industry. SAS AB's commitment to these values and corporate philosophy has placed them as a prominent player in the airline industry, providing reliable, sustainable, and customer-focused travel solutions.
9 analysts currently rate the SAS stock: 0 recommend buying, 2 holding and 7 selling.
The SAS share (SAS.ST) is listed on 8 stock exchanges, including: London (0O1W.L), Frankfurt (SSV2.F), München (SSV2.MU), Düsseldorf (SSV2.DU), Stockholm (SASNOKO.ST), Kopenhagen (SAS-DKK.CO).
SAS AB is a leading company in the aviation industry based in Stockholm, Sweden. It is known for its diverse services and products in the areas of airlines, advanced technology, and travel services. The business model of SAS AB will be examined in more detail below. The airline division of SAS AB offers worldwide flights to over 100 destinations in over 30 countries. SAS's fleet consists of around 160 aircraft, many of which are equipped with state-of-the-art technology. This enables SAS to ensure a high level of efficiency and safety. In addition, excellent customer service ensures high customer satisfaction. As a modern airline, SAS invests in comprehensive digitization of processes and services to continuously improve the customer experience. This includes flexible booking options, personalized offers, as well as mobile check-in and boarding services. SAS is also a member of the Star Alliance network, which allows customers of the airline to benefit from a wide range of global connections and advantages. In the advanced technology division, SAS AB offers solutions and services in various areas such as flight safety, aircraft maintenance, and data analysis. A central role is played by its own IT competence center, which uses innovative technologies such as artificial intelligence and the Internet of Things to provide solutions for optimizing business processes as well as comprehensive data analysis. The subsidiary SAS Ground Handling is an important partner for airlines in ground handling services at airports. The services offered by SAS Ground Handling include terminal and cargo management, as well as baggage and aircraft handling services. This allows airlines to benefit from efficient and professional handling of all ground handling processes and to focus on their core business. In addition to the mentioned divisions, the offering of SAS AB also includes travel services, including combined offers of flights, hotel bookings, and car rentals. The travel offers can be booked through the SAS website and the travel agencies of partner airlines. In summary, SAS AB offers a diverse business model that is focused on customer satisfaction and innovation. By integrating advanced technology into the core business of the airline and providing complementary services in the areas of advanced technology, ground handling, and travel services, SAS covers a wide range of offerings that optimally serve customer needs.
The revenue cannot currently be calculated for SAS.
The profit cannot currently be calculated for SAS.
The P/E ratio cannot be calculated for SAS at the moment.
The P/S cannot be calculated for SAS currently.
The Eulerpool Quality Score for SAS is 0/10.
The ISIN of SAS is SE0003366871. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of SAS is A1C0DX. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of SAS is SAS.ST. The ticker symbol is used to trade SAS shares on the stock exchange.
SAS is assigned to the 'Industry' sector.
The dividends of SAS are distributed in SEK.
SAS stock
SAS Peer Group
SAS Ticker
SAS FIGI
All fundamentals and in-depth analysis of SAS
Our stock analysis for SAS stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of SAS. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.