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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Solid Försäkringsaktiebolag (publ)

Ticker: SFAB.ST | Industry: Insurance - Specialty | Sector: Financial Services
$91.50 +0.20 (0.22%)
As of: 2026-01-28

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Enterprise Value

Metric 2025 2024 2023 2022 2021 2020
Stock Price 79.97 80.30 62.94 49.89 59.81 60.16
Market Capitalization 1,436.53M 1,470.49M 1,200.73M 995.38M 1,196.15M 1,203.20M
(-) Cash & Equivalents 137.77M 285.77M 417.31M 613.60M 297.60M 164.10M
(+) Total Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Enterprise Value 1,298.75M 1,184.72M 783.42M 381.78M 898.55M 1,039.10M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Revenue 1,135M 1,243M 1,253M 1,212M 1,108M 1,039M 938M 942M 839M
Cost of Revenue 431M 601M 604M 584M 612M 536M 481M 486M 430M
Gross Profit 704M 642M 650M 628M 496M 503M 457M 456M 409M
Gross Profit Margin 62.0% 51.7% 51.8% 51.8% 44.8% 48.4% 48.7% 48.4% 48.7%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 95M 124M 125M 117M 104M 110M 94M 98M 93M
Operating Expenses 298M 404M 438M 408M 357M 351M 336M 330M 325M
Operating Income (EBIT) 406M 238M 211M 220M 139M 151M 121M 125M 84M
Operating Income Margin 35.8% 19.1% 16.8% 18.1% 12.6% 14.6% 12.9% 13.3% 10.0%
Interest Income 47M 74M 71M 58M 22M 15M 17M 18M 16M
Interest Expense 0M 0M 1M 0M 0M 0M 0M 0M 0M
Net Interest Income 47M 74M 70M 58M 21M 15M 17M 18M 16M
Unusual Items -272M -74M -70M -58M -21M -15M -17M -18M -16M
EBT Excluding Unusual Items 453M 312M 281M 278M 161M 166M 137M 143M 100M
Pre-Tax Income 181M 238M 211M 220M 139M 151M 121M 125M 84M
Pre-Tax Margin 15.9% 19.1% 16.8% 18.1% 12.6% 14.6% 12.9% 13.3% 10.0%
Income Tax Expense 40M 59M 46M 54M 29M 31M 17M 14M 5M
Net Income 141M 179M 165M 165M 111M 120M 43M 49M 14M
Net Income Margin 12.4% 14.4% 13.1% 13.6% 10.0% 11.5% 4.6% 5.3% 1.7%
Depreciation & Amortization 0M 0M 7M 7M 7M 10M 10M 8M 4M
EBITDA 406M 238M 218M 227M 146M 161M 130M 133M 88M
EBITDA Margin 35.8% 19.1% 17.4% 18.7% 13.2% 15.5% 13.9% 14.1% 10.5%
NOPAT 316M 179M 165M 165M 111M 120M 103M 111M 79M
NOPAT Margin 27.8% 14.4% 13.1% 13.6% 10.0% 11.5% 11.0% 11.8% 9.5%
Owner's Earnings 117M 119M 162M 163M 117M 130M 41M 37M 14M
Owner's Earnings Margin 10.3% 9.5% 12.9% 13.5% 10.6% 12.5% 4.4% 3.9% 1.6%
EPS (Basic) 7.81 9.69 8.99 8.67 5.54 6.00 2.17 2.47 0.72
EPS (Diluted) 7.80 9.70 8.99 8.67 5.54 6.00 2.17 2.47 0.72
Shares (Basic) 18M 18M 18M 19M 20M 20M 20M 20M 20M
Shares (Diluted) 18M 18M 18M 19M 20M 20M 20M 20M 20M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Cash & Cash Equivalents 177.87M 235.45M 343.86M 353.42M 603.86M 613.14M 328.21M 305.31M 221.63M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 177.87M 235.45M 343.86M 353.42M 603.86M 613.14M 328.21M 305.31M 221.63M
Net Receivables 96.19M 98.18M 92.44M 115.07M 90.26M 82.08M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets -423.02M -507.93M -3.32M -5.15M -90.26M -82.08M 0.00M 0.00M 0.00M
Total Current Assets -148.97M -174.30M 432.98M 463.34M 603.86M 613.14M 328.21M 305.31M 221.63M
Property, Plant & Equipment 0.00M 0.00M 0.00M 0.00M 0.91M 1.91M 2.91M 4.30M 4.90M
Goodwill 0.00M 0.00M 13.99M 14.04M 9.29M 12.14M 15.00M 17.86M 0.00M
Intangible Assets 29.35M 21.47M 9.36M 5.44M 7.71M 10.40M 15.84M 9.85M 14.22M
Long-Term Investments 1,143.76M 1,139.37M 1,073.47M 1,080.79M 830.15M 682.62M 821.51M 739.46M 718.20M
Tax Assets 0.00M 0.00M 0.00M 0.00M 5.88M 0.00M 1.61M 0.00M 0.00M
Other Non-Current Assets 442.73M 527.83M 551.44M 222.31M -5.88M 0.00M -1.61M 0.00M -737.33M
Other Assets 0.00M 0.00M 0.00M 5.39M 336.13M 295.67M 298.25M 314.50M 335.25M
Total Non-Current Assets 1,615.83M 1,688.66M 1,648.26M 1,327.96M 1,184.19M 1,002.75M 1,153.50M 1,085.97M 335.25M
Total Assets 1,466.87M 1,514.36M 2,081.24M 1,791.30M 1,788.06M 1,615.89M 1,481.71M 1,391.27M 556.89M
Accounts Payable 0.00M 0.00M 126.51M 166.13M 188.89M 158.71M 119.45M 122.62M 105.14M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 17.15M 1.15M 1.63M 1.97M 1.04M 1.30M 1.22M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M 0.00M 0.00M 66.08M -1.63M -1.97M -180.50M -63.30M -171.36M
Total Current Liabilities 0.00M 0.00M 143.66M 233.35M 188.89M 158.71M -60.00M 60.62M -65.00M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.22M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 1,154.24M 1,162.94M 1,236.32M 604.37M 1,376.58M 0.00M 1,275.98M 0.00M 0.00M
Total Non-Current Liabilities 1,154.24M 1,162.94M 1,236.32M 604.37M 1,376.58M 0.22M 1,275.98M 0.00M 0.00M
Total Liabilities 1,154.24M 1,162.94M 1,379.98M 837.73M 1,565.47M 158.93M 1,215.98M 60.62M -65.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.46M
Common Stock 30.06M 30.06M 30.00M 30.00M 30.00M 30.00M 30.00M 30.00M 30.00M
Retained Earnings 430.90M 494.98M 475.96M 431.06M 382.09M 298.19M 177.21M 83.84M 34.38M
Accumulated OCI -1.72M -1.67M -1.58M -1.39M -0.62M -0.78M -1.48M -0.79M -0.46M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 459.23M 523.37M 504.38M 459.67M 411.48M 327.41M 205.73M 113.05M 64.38M
Total Equity 459.23M 523.37M 504.38M 459.67M 411.48M 327.41M 205.73M 113.05M 64.38M
Total Liabilities & Equity 1,613.47M 1,686.31M 1,884.36M 1,297.40M 1,976.95M 486.35M 1,421.71M 173.67M -0.62M
Tangible Assets 1,437.52M 1,492.90M 2,057.88M 1,771.82M 1,771.06M 1,593.34M 1,450.87M 1,363.57M 542.66M
Tangible Equity 429.89M 501.90M 481.03M 440.19M 394.48M 304.87M 174.89M 85.35M 50.16M
Tangible Book Value 429.89M 501.90M 481.03M 440.19M 394.48M 304.87M 174.89M 85.35M 50.16M
Total Investments 1,143.76M 1,139.37M 1,073.47M 1,080.79M 830.15M 682.62M 821.51M 739.46M 718.20M
Net Debt -177.87M -235.45M -343.86M -353.42M -603.86M -613.14M -328.21M -305.31M -221.63M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Working Capital 0.0M 0.0M 299.5M 230.2M 415.0M 454.4M 328.2M 182.7M 116.5M
Total Capital 461.6M 525.7M 504.4M 459.7M 411.5M 327.4M 205.7M 113.1M 63.9M
Capital Employed 1,615.8M 1,688.7M 1,597.0M 1,558.1M 1,599.2M 1,457.2M 1,481.7M 1,268.7M 1,189.1M
Invested Capital 283.7M 290.3M 160.5M 106.3M -192.4M -285.7M -122.5M -192.3M -157.7M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Net Income 187.67M 182.03M 211.16M 165.36M 139.20M 151.37M 60.60M 63.44M 18.87M
Depreciation & Amortization 0.00M 6.87M 0.00M 6.87M 6.83M 10.00M 9.82M 7.52M 4.49M
Deferred Income Tax 0.00M -7.74M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.88M 0.00M 0.88M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -8.12M -31.81M 37.34M -64.41M 20.40M 50.23M -12.40M 36.37M -37.80M
Accounts Receivable 85.88M -29.59M 47.68M -39.64M -18.56M 11.04M -14.98M 18.15M -51.87M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -94.00M -2.22M -10.34M -24.76M 38.95M 39.20M 2.58M 18.21M 14.07M
Other Non-Cash Items -156.92M -29.41M -125.43M 4.72M 18.44M -48.55M 92.03M 61.03M 149.89M
Net Cash from Operating Activities 22.63M 120.81M 123.08M 113.42M 184.86M 163.06M 150.06M 168.35M 135.45M
Capital Expenditures (PPE) 0.00M -9.18M 0.00M -9.18M -0.21M -0.26M -11.93M -20.40M -4.99M
Acquisitions (Net) 0.00M 0.99M 0.00M 0.00M 0.21M 0.26M 11.93M 20.00M 0.29M
Purchases of Investments 0.00M 0.00M 0.00M -622.18M -356.26M -223.20M -227.35M -166.45M -107.63M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 394.73M 182.08M 396.22M 133.16M 164.23M 100.99M
Other Investing Activities 69.20M -177.62M -9.28M 0.99M 0.21M 0.26M -11.11M -20.00M 0.29M
Net Cash from Investing Activities 69.20M -185.82M -9.28M -235.65M -173.96M 173.28M -105.30M -22.62M -11.33M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -66.06M -93.36M -38.58M -62.31M -26.81M 1.00M 50.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 1.00M 50.00M 0.00M 0.00M
Common Stock Repurchased -66.06M -106.31M -38.58M -62.31M -26.81M 0.00M 0.00M 0.00M -130.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -172.93M -90.28M -82.84M -54.96M 0.00M 0.00M 0.00M 0.00M -130.00M
Common Dividends Paid -172.93M -90.28M -82.84M -54.96M 0.00M 0.00M 0.00M 0.00M -130.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 111.97M 49.45M -0.22M 0.00M 0.06M -60.00M -62.00M -65.00M -186.00M
Net Cash from Financing Activities -127.01M -134.19M -121.64M -117.27M -26.76M -59.00M -12.00M -65.00M -186.00M
Effect of FX on Cash -6.27M -5.38M -1.73M -10.95M 6.58M 7.60M -9.86M 2.94M 2.02M
Net Change in Cash -41.46M -204.57M -9.56M -250.45M -9.28M 284.93M 22.90M 83.67M -59.87M
Cash at Beginning of Period 1,107.21M 1,448.35M 353.42M 603.86M 613.14M 328.21M 305.31M 221.63M 281.50M
Cash at End of Period 1,065.75M 1,243.78M 343.86M 353.42M 603.86M 613.14M 328.21M 305.31M 221.63M
Operating Cash Flow 50.66M 120.81M 123.08M 113.42M 184.86M 163.06M 150.06M 168.35M 135.45M
Capital Expenditure -23.63M 60.51M -10.00M -9.18M -0.21M -0.26M -11.93M -20.40M -4.99M
Free Cash Flow 22.63M 111.63M 113.08M 104.23M 184.65M 162.80M 138.13M 147.95M 130.46M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
EBITDA 466.58M 498.86M 531.88M 518.14M 399.31M 402.56M 372.61M 364.97M 320.27M
(-) Tax Adjustment 103.53M 123.58M 117.00M 128.28M 81.88M 83.47M 53.24M 40.68M 17.33M
(-) Change In Working Capital -8.12M -31.81M 37.34M -64.41M 20.40M 50.23M -12.40M 36.37M -37.80M
(-) Capital Expenditure -23.63M 60.51M -10.00M -9.18M -0.21M -0.26M -11.93M -20.40M -4.99M
Unlevered Free Cash Flow 347.55M 328.20M 367.54M 445.08M 296.82M 268.60M 319.83M 267.53M 335.76M
(-) Net Interest Income After Taxes 49.20M 53.08M 54.74M 43.57M 16.94M 11.89M 14.19M 16.00M 15.14M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 298.35M 275.13M 312.80M 401.51M 279.88M 256.71M 305.64M 251.53M 320.62M