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Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.
1871
12.2K+
LTM Revenue $6.1B
LTM EBITDA n/a
$201B
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Handelsbanken has a last 12-month revenue of $6.1B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Handelsbanken achieved revenue of $6.2B and an EBITDA of n/a.
Handelsbanken expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Handelsbanken valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.2B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $2.1B | $2.9B | XXX | XXX | XXX |
| Net Margin | 35% | 47% | XXX | XXX | XXX |
| Net Debt | $117B | $136B | XXX | XXX | XXX |
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As of April 14, 2025, Handelsbanken's stock price is SEK 109 (or $11).
Handelsbanken has current market cap of SEK 216B (or $21.5B), and EV of SEK 2.03T (or $201B).
See Handelsbanken trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $201B | $21.5B | XXX | XXX | XXX | XXX | $1.24 |
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Sign UpAs of April 14, 2025, Handelsbanken has market cap of $21.5B and EV of $201B.
Handelsbanken's trades at 33.1x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Handelsbanken's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Handelsbanken and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $201B | XXX | XXX | XXX |
| EV/Revenue | 32.5x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 7.9x | XXX | XXX | XXX |
| P/E/Growth | -0.9x | XXX | XXX | XXX |
| EV/FCF | 47.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpHandelsbanken's NTM/LTM revenue growth is -5%
Handelsbanken's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Handelsbanken's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Handelsbanken's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Handelsbanken and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 44% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| RAKBANK | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Handelsbanken acquired XXX companies to date.
Last acquisition by Handelsbanken was XXXXXXXX, XXXXX XXXXX XXXXXX . Handelsbanken acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Handelsbanken founded? | Handelsbanken was founded in 1871. |
| Where is Handelsbanken headquartered? | Handelsbanken is headquartered in Sweden. |
| How many employees does Handelsbanken have? | As of today, Handelsbanken has 12.2K+ employees. |
| Who is the CEO of Handelsbanken? | Handelsbanken's CEO is Mr. Michael Green. |
| Is Handelsbanken publicy listed? | Yes, Handelsbanken is a public company listed on STO. |
| What is the stock symbol of Handelsbanken? | Handelsbanken trades under SHB A ticker. |
| When did Handelsbanken go public? | Handelsbanken went public in 1979. |
| Who are competitors of Handelsbanken? | Similar companies to Handelsbanken include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah. |
| What is the current market cap of Handelsbanken? | Handelsbanken's current market cap is $21.5B |
| What is the current revenue of Handelsbanken? | Handelsbanken's last 12-month revenue is $6.1B. |
| What is the current EV/Revenue multiple of Handelsbanken? | Current revenue multiple of Handelsbanken is 33.1x. |
| What is the current revenue growth of Handelsbanken? | Handelsbanken revenue growth between 2023 and 2024 was 0%. |
| Is Handelsbanken profitable? | Yes, Handelsbanken is EBITDA-positive (as of the last 12 months). |
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