SAS AB (publ)

SAS AB (publ)

SASBQ
SAS AB (publ)US flagOther OTC
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USD
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26.33MMarket Cap
SAS AB (publ)
SASBQ
(Other OTC)

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price

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P/E

ratio

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yld

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ROIC.AI

2007
2008
2009
2010
2011
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
342.8
358.34
150.15
78.11
68.12
69.39
62.52
65.22
64.73
69.93
63.26
241.06
93.43
3.84
8.76
11.57
12.14
Revenue per Share
4.31
43.11
-9.85
-4.22
-2.77
0.29
-1.21
1
1.59
1.31
2.01
3.2
-42.05
-1.8
-1.94
-1.57
-1.6
Basic EPS, GAAP
7.7
-48.16
-26.99
-5.04
-3.62
-1.1
-0.23
-1.71
-3.48
-7.87
-3.21
-15.02
-58.34
-2.44
-0.91
-0.43
0.14
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.29
0.58
0.57
0.57
0.32
0.14
- -
- -
- -
- -
- -
Dividend per Share
104.97
62.56
36.57
25.63
19.39
5.1
6.92
8.36
7.3
10.59
8.06
18.77
-1.25
-1.22
-2.62
-4.57
-6.03
Book Value per Share
107.75
42.16
33.74
24.77
17.67
2.34
4.94
7.47
6.73
10.62
8.16
20.68
42.56
1.57
0.02
-1.86
-3.33
Tangible Book Value per Share
148
148
299
526
608
608
608
608
610
610
707
191
220
3,633
3,633
3,633
3,633
Basic Weighted Avg Shares
50,598
52,870
44,918
41,070
41,412
42,182
38,006
39,650
39,459
42,654
44,718
46,112
20,513
13,958
31,824
42,043
44,109
Sales/Revenue/Turnover
4.61
-1.05
-6.86
-3.99
1.46
4.37
0.35
3.56
4.04
2.83
4.52
2.31
-46.33
-38.41
-10.64
-6.82
-3.93
Operating Margin (%)
1,457
3,395
1,892
1,885
2,413
1,658
1,443
1,466
1,367
1,635
1,763
1,924
6,703
4,790
4,699
4,440
4,411
Depreciation Expense
636
6,360
-2,947
-2,218
-1,687
179
-736
956
1,321
1,149
1,595
621
-9,232
-6,523
-7,048
-5,701
-5,824
Net Income, GAAP
26.15
- -
- -
- -
- -
58.66
- -
32.53
7.69
33.39
22.2
21.79
- -
- -
- -
- -
- -
Effective Tax Rate (%)
1.26
12.03
-6.56
-5.4
-4.07
0.42
-1.94
2.41
3.35
2.69
3.57
1.35
-45.01
-46.73
-22.15
-13.56
-13.2
Profit Margin (%)
1,760
-368
-5,178
-2,221
-3,561
-5,201
-3,000
-1,898
-3,471
-2,831
-1,848
-3,384
-6,290
-8,480
-9,945
-15,830
-19,040
Working Capital
6,708
11,488
7,728
9,273
10,007
8,651
8,135
8,095
7,730
5,541
7,492
9,450
24,718
26,220
34,313
28,125
29,946
LT Debt
17,130
7,312
11,389
14,438
12,433
3,226
4,907
6,339
6,026
8,058
7,268
5,372
10,023
6,416
762
-6,110
-11,452
Total Equity
5.87
-2.36
- -
- -
- -
3.79
- -
6.15
9.37
5
9.31
5.04
- -
- -
- -
- -
- -
Return on Invested Capital (%)
5.16
29.61
- -
- -
- -
2.63
- -
9.37
12.72
10.68
13.29
6.75
- -
- -
- -
- -
- -
Return on Capital (%)
4.19
51.45
-29.22
-18.17
-13.36
2.4
-20.14
13.05
20.38
14.65
23.38
13.18
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Oct'23
Jan'24
Apr'24
ST Debt
14,333
14,825
15,579
LT Borrowings
11,091
10,477
10,613
LT Finance Leases
17,034
17,004
19,333
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,266
7,266
7,266
Market Capitalization
4
4
- -

Working Capital

FRC

in mil. unless spec.
Oct'23
Jan'24
Apr'24
Total Current Assets
12,536
12,047
15,221
Cash, Cash Equivalents & STI
6,160
5,290
7,756
Accounts Receivable, Net
1,255
6,258
6,932
Inventories
443
499
533
Total Current Liabilities
28,366
29,484
34,261
Payables & Accruals
- -
- -
- -
ST Debt
14,333
14,825
15,579
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-86.52%
-193.09%
-901.84%
Free Cash Flow
96.37%
45.32%
-52.42%
Net Income, GAAP
-236.52%
-337.62%
-19.11%
Sales/Revenue/Turnover
8.26%
15.15%
32.11%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
5,545
7,048
8,580
10,651
31,824
2023
7,896
8,955
13,173
12,019
42,043
2024
8,923
9,994
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.67
-0.42
-0.51
- -
-1.94
2023
-0.75
-0.42
0.13
- -
-1.57
2024
-0.4
-0.8
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Business
SAS AB (publ) is a Scandinavian airline holding company headquartered in Solna, Stockholm, Sweden, primarily engaged in providing airline services through its subsidiaries Scandinavian Airlines, SAS Link, and SAS Connect. The company operates a comprehensive network serving over 125 destinations across Europe, the United States, Africa, and Asia, facilitating passenger air travel and cargo services. SAS’s key products and services include scheduled passenger flights on domestic and international routes; domestic feeder and regional flights operated under wet-lease partnerships; and loyalty program offerings through the EuroBonus rewards scheme. The company focuses on leveraging sustainable aviation initiatives aligned with its Scandinavian heritage and aims to drive the transition toward net-zero emissions. In the last 1-2 years, SAS has made several significant strategic moves to strengthen its market position and operational footprint. Notably, in 2024, SAS entered into a long-term wet-lease partnership with Braathens Regional Airways AB (BRA) to enhance its Swedish domestic network, adding new routes and increased frequencies from January 2025. It has also solidified a three-year strategic partnership with Apollo worth 4.5 billion SEK, maintaining its role as the main partner for charter flights departing Scandinavia through summer 2027. Additionally, SAS marked its accession to the SkyTeam alliance, which brought new route expansions and a commitment to introducing a business class on its European network. On the ownership front, Air France-KLM completed the acquisition of a 19.9% non-controlling stake in SAS AB during 2024, reinforcing its stake in the airline's future development. Founded in 1946 through a merger of earlier Scandinavian airlines, SAS operates primarily in the aviation industry with a strong presence in Europe while extending services globally. Its customer base includes business travelers, leisure passengers, and charter flight clients throughout the Nordic region. SAS emphasizes its commitment to sustainability, operational efficiency, and network connectivity, positioning itself as a key facilitator of regional and international travel in Scandinavia. Its headquarters and main operational hubs are located in Copenhagen, Oslo, and Stockholm, enabling strong regional connectivity supported by modern fleet renewals and strategic alliances. SAS continues to invest in sustainability initiatives aimed at reducing the environmental impact of its operations, including fleet modernization and efficiencies aligned with Scandinavian environmental standards. This commitment aligns with evolving customer preferences and regulatory frameworks aimed at more sustainable aviation practices. Overall, SAS AB offers a broad array of aviation services with strategic expansions and partnerships that enhance its connectivity and operational capabilities while maintaining a strong focus on sustainability and Scandinavian market leadership.