Sandvik is a Swedish engineering company with market-leading positions in cutting tools (Sandvik Coromant — the global #1), rock drilling equipment (Sandvik Mining), and digital manufacturing (Sandvik Manufacturing and Machining Solutions). CEO Stefan Widing has successfully separated Sandvik into focused segments and is divesting non-core businesses to sharpen focus on technology-intensive segments with pricing power. Mining capex supercycle benefits rock drilling; EV manufacturing tooling demand benefits cutting tools. EBIT margins in the high teens are among the best in European industrials.
Thesis reviewed May 29, 2026
Sandvik AB is headquartered in Sweden, which is currently showing moderate signals.
🇸🇪Sweden51NEUTRALView Sweden risk detail →🏭Industrials45WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| WM | Waste Management, Inc. | 46 | +3% | ↓6% | NEUTRAL |
| UPS | United Parcel Service, Inc. | 46 | -10% | ↓6% | AVOID |
| PH | Parker Hannifin Corporation | 46 | +9% | ↓6% | EARLY |
| EXPO | Exponent Inc. | 46 | +6% | ↓6% | NEUTRAL |
| HON | Honeywell International Inc. | 46 | +8% | ↓6% | EARLY |
| ETN | Eaton Corporation plc | 46 | +16% | ↓6% | EARLY |
| ERJ | Embraer SA | 46 | +13% | ↓6% | EARLY |
Investors who hold SAND.ST may also have indirect exposure through these country funds.
Sandvik Coromant wins major EV battery cell casing tooling contracts in Europe
Mining & Rock Solutions orders +18% YoY on copper mine expansions in South America
Sandvik completes disposal of Varel (oil/gas drill bits); proceeds fund buybacks
Estimates · Yahoo Finance · Not audited figures