Sandvik is a Swedish engineering company with market-leading positions in cutting tools (Sandvik Coromant β 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 elevated risk signals.
πΈπͺSweden73NEUTRALView Sweden risk detail βπIndustrials27WATCH| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| HON | Honeywell International Inc. | 32 | +8% | β6% | EARLY |
| UPS | United Parcel Service, Inc. | 32 | -10% | β6% | AVOID |
| CARR | Carrier Global Corporation | 32 | +10% | β6% | EARLY |
| EMR | Emerson Electric Co. | 32 | +6% | β6% | EARLY |
| PH | Parker Hannifin Corporation | 32 | +9% | β6% | EARLY |
| NSC | Norfolk Southern Corporation | 32 | +3% | β6% | NEUTRAL |
| ERJ | Embraer SA | 32 | +13% | β6% | 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 Β· Yahoo Finance Β· Not audited figures