olivLaw · European equity research
Autoliv, Inc. ALIV-SDB.ST
Sweden · Nasdaq Stockholm · Vertical: Listed companies from Sweden
Autoliv is a developer, manufacturer and supplier of passive safety systems for the automotive industry, including airbags, steering wheels and seatbelts. The company reported net sales of 10.8 billion USD for fiscal 2025, and its business depends on global light vehicle production and content per vehicle.
At the close of 05 Nov 2026, Autoliv, Inc. (ALIV-SDB.ST) stock was 1,218.00 SEK (+0.25% on the day), with beta 0.81, 52-week range 931.50–1,227.00 SEK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 61.9
- strong (55–70)
- Bollinger (20, 2)
- 1,092.40 – 1,217.80
- above the upper band · %B 1.00 · band width 10.9%
- SMA 50 / 200
- 1,150.12 / 1,119.91
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 14.98 / 6.92
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +7.0% | +0.4% | +6.7 pp | — |
| 3 months | +5.2% | −3.3% | +8.4 pp | — |
| 6 months | +8.7% | +4.0% | +4.8 pp | — |
| Year to date | +9.2% | +8.1% | +1.1 pp | — |
| 1 year | +5.9% | +10.7% | −4.8 pp | −8.5% |
| 3 years | +15.1% | +50.1% | −35.0 pp | +11.7% |
| 5 years | +39.5% | +43.6% | −4.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 8.8 bn | 10.5 bn | 10.4 bn | 10.8 bn |
| Revenue YoY | unavailable | +18.5% | −0.8% | +4.1% |
| Net income | 423.0 m | 488.0 m | 646.0 m | 735.0 m |
| Net income YoY | unavailable | +15.4% | +32.4% | +13.8% |
| Diluted EPS | 4.85 | 5.72 | 8.04 | 9.55 |
| Diluted EPS YoY | unavailable | +17.9% | +40.6% | +18.8% |
| net % | 4.8% | 4.7% | 6.2% | 6.8% |
| Free cash flow | 128.0 m | 409.0 m | 480.0 m | 716.0 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 604.0 m USD
- Financial debt
- 2.2 bn USD
- Net debt
- 1.5 bn USD
- Equity
- 2.6 bn USD
- Total assets
- 8.6 bn USD
- Debt / equity
- 0.83x
- Current ratio
- 1.05x
- ROE
- 30.2%
- ROA
- 8.9%
- FCF margin
- 6.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 8.8 bn | 10.5 bn | 10.4 bn | 10.8 bn | esef· 26 Oct 2026verified |
| Cost of revenue | 7.4 bn | 8.7 bn | 8.5 bn | 8.7 bn | esef· 26 Oct 2026verified |
| Gross profit | 1.4 bn | 1.8 bn | 1.9 bn | 2.1 bn | esef· 26 Oct 2026verified |
| Research & development | 390.0 m | 425.0 m | 398.0 m | 413.0 m | esef· 26 Oct 2026verified |
| Operating income | 659.0 m | 690.0 m | 979.0 m | 1.1 bn | esef· 26 Oct 2026verified |
| Pre-tax income | 603.0 m | 612.0 m | 875.0 m | 986.0 m | esef· 26 Oct 2026verified |
| Income tax | 178.0 m | 123.0 m | 227.0 m | 250.0 m | esef· 26 Oct 2026verified |
| Net income | 423.0 m | 488.0 m | 646.0 m | 735.0 m | esef· 26 Oct 2026verified |
| Diluted EPS | 4.85 | 5.72 | 8.04 | 9.55 | esef· 26 Oct 2026verified |
| Weighted average diluted shares | 87.2 m | 85.2 m | 80.4 m | 76.9 m | esef· 26 Oct 2026verified |
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 594.0 m | 498.0 m | 330.0 m | 604.0 m | esef· 26 Oct 2026verified |
| Inventories | — | 1.0 bn | 921.0 m | 992.0 m | esef· 26 Oct 2026verified |
| Current assets | — | 4.0 bn | 3.5 bn | 4.1 bn | esef· 26 Oct 2026verified |
| Property, plant & equipment, net | — | 2.2 bn | 2.2 bn | 2.4 bn | esef· 26 Oct 2026verified |
| Total assets | — | 8.3 bn | 7.8 bn | 8.6 bn | esef· 26 Oct 2026verified |
| Short-term debt | — | 538.0 m | 387.0 m | 419.0 m | esef· 26 Oct 2026verified |
| Long-term debt | — | 1.3 bn | 1.5 bn | 1.7 bn | esef· 26 Oct 2026verified |
| Current liabilities | — | 4.0 bn | 3.6 bn | 3.9 bn | esef· 26 Oct 2026verified |
| Equity | 2.6 bn | 2.6 bn | 2.3 bn | 2.6 bn | esef· 26 Oct 2026verified |
| Shares outstanding at year end | 87.0 m | 85.0 m | 80.1 m | 76.6 m | esef· 26 Oct 2026derived |
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 713.0 m | 982.0 m | 1.1 bn | 1.2 bn | esef· 26 Oct 2026verified |
| Capex | 585.0 m | 573.0 m | 579.0 m | 441.0 m | esef· 26 Oct 2026verified |
| Free cash flow | 128.0 m ≈ | 409.0 m ≈ | 480.0 m ≈ | 716.0 m ≈ | esef· 26 Oct 2026derived |
| Investing cash flow | -485.0 m | -569.0 m | -563.0 m | -423.0 m | esef· 26 Oct 2026verified |
| Financing cash flow | -531.0 m | -490.0 m | -680.0 m | -369.0 m | esef· 26 Oct 2026verified |
| Share repurchases | 115.0 m | 352.0 m | 552.0 m | 351.0 m | esef· 26 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 148.21 – 322.67 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E148.21 – 322.67 (Mid 203.17)25 companies used · median multiple 21.3x · quartiles 15.5x – 33.8xAAK.ST, ACAD.ST, AFRY.ST, ALFA.ST, ALIG.ST, ALLEI.ST, ALTRA.ST, APOTEA.ST, AQ.ST, ARPL.ST, ASKER.ST, ATIC.ST, ATRLJ-B.ST, ATT.ST, B3.ST, BHG.ST, BOL.ST, BOOZT.ST, BORG.ST, BRAV.ST, BUFAB.ST, CAMX.ST, CARA.ST, CEVI.ST, COOR.ST
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 20.3% | 91 (vs peers) | 24% |
| Net margin · Quality | 6.8% | 61 (vs peers) | 14% |
| FCF conversion · Quality | 97.4% | 96 (on a fixed band) | 14% |
| Revenue CAGR 3Y · Growth | 6.9% | 58 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | 25.3% | 100 (on a fixed band) | 19% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.0x | 20 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial20/100 · 1/3 factors with a value
- Growth79/100 · 2/2 factors with a value
- Quality84/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AUTOLIV, INC. (ALIV-SDB.ST). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 10.8 bn USD in 2025; YoY growth 4.1%; net margin 6.8%; ROE 30.3%.
The estimated value range is 148.21–322.67 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 20.3%
- FCF conversion: 97.4%
- EPS CAGR 3Y: 25.3%
What contradicts it
- Current ratio: 1.0x
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Sweden · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ALFA.STAlfa Laval AB | 223.0 bn | 27.0 | 19.4% | 11.9% | +4.1% | +21% / +38% |
| BOL.STBoliden Ab | 143.0 bn | 15.2 | 13.3% | 10.1% | +4.8% | +12% / +81% |
| CAST.STCastellum Aktiebolag | 66.6 bn | 71.0 | 1.2% | 9.8% | −2.6% | +27% / +6% |
| AAK.STAak Ab (publ) | 47.5 bn | 13.9 | 17.2% | 7.5% | +2.2% | −31% / −14% |
| CAMX.STCamurus AB | 42.5 bn | 58.5 | 19.5% | 32.5% | +21.3% | +16% / +55% |
| BRAV.STBravida Holding AB | 30.1 bn | 24.5 | 13.7% | 4.4% | −4.9% | +84% / +123% |
| ASKER.STAsker Healthcare Group AB | 29.8 bn | 60.5 | 9.8% | 2.9% | +11.7% | −18% / unavailable |
| ALLEI.STAlleima AB | 22.7 bn | 33.8 | 4.1% | 3.6% | −5.4% | +11% / +19% |
| BURE.STBure Equity AB | 22.6 bn | — | -21.0% | — | unavailable | +20% / +19% |
| AQ.STAQ Group AB | 19.7 bn | 29.2 | 14.9% | 7.5% | +6.0% | +14% / +119% |
| ALTRA.STAltra Fastigheter AB | 18.4 bn | 33.9 | 3.0% | 15.1% | −2.2% | +9% / +19% |
| ATT.STAttendo AB (publ) | 16.8 bn | 20.7 | 15.1% | 4.3% | +0.1% | +34% / +223% |
| AFRY.STAfry Ab | 14.9 bn | 18.7 | 6.2% | 3.1% | −5.2% | −17% / +4% |
| ATRLJ-B.STAtrium Ljungberg AB | 14.0 bn | 17.1 | 2.9% | 23.9% | −2.0% | −33% / −44% |
| ALIG.STAlimak Group AB (publ) | 12.7 bn | 21.3 | 8.2% | 8.8% | −3.2% | −18% / +50% |
| ACAD.STAcadeMedia AB | 12.7 bn | 15.5 | 12.7% | 4.3% | +9.7% | +22% / +138% |
| APOTEA.STApotea AB (publ) | 10.7 bn | 46.8 | 31.3% | 3.2% | +10.1% | +15% / unavailable |
| BOOZT.STBoozt AB | 10.6 bn | 37.9 | 10.4% | 3.6% | +0.5% | +58% / +44% |
| BUFAB.STBufab AB (publ) | 5.0 bn | 9.2 | 15.1% | 6.9% | −7.4% | +36% / +110% |
| ACTI.STActive Biotech AB (publ) | 4.9 bn | — | -84.5% | — | unavailable | −32% / −77% |
| CEVI.STCellaVision AB | 4.7 bn | 30.8 | 18.0% | 20.2% | +4.9% | +20% / +12% |
| COOR.STCoor Service Management Holding AB | 4.7 bn | 18.2 | 13.0% | 2.2% | +16.7% | +1% / +25% |
| BHG.STBHG Group AB | 4.5 bn | 31.1 | 2.5% | 1.4% | +6.2% | −18% / +113% |
| CARA.STCarasent AB (publ) | 1.8 bn | 51.7 | 4.1% | 10.1% | +24.9% | −8% / +87% |
| BICO.STBICO Group AB | 1.7 bn | — | -46.0% | -72.7% | −13.3% | +16% / −51% |
1- and 3-year price returns: for ALIV-SDB.ST from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Autoliv is a developer, manufacturer and supplier of passive safety systems for the automotive industry, including airbags, steering wheels and seatbelts. The company reported net sales of 10.8 billion USD for fiscal 2025 1, and its business depends on global light vehicle production and content per vehicle 1.
SWOT
Strengths
- A broad range of passive safety products, from airbags to seatbelts and steering wheels, covering several components of a vehicle 1.
- A global manufacturing footprint with production facilities in several countries and customers among the largest car makers 1.
- Rising operating margin and return on capital employed over recent years, according to the annual report 1.
Weaknesses
Opportunities
Threats
- Tariffs and changes to free trade agreements, including the United States-Mexico-Canada Agreement, could raise costs 1.
- Product liability, warranty and recall claims could carry significant financial consequences 1.
- Antitrust investigations and other governmental inquiries could lead to penalties and legal costs 1.
Risks
- Supply chain disruptionhigh
Port, transportation and distribution interruptions, along with component shortages, can affect production and deliveries 1.
- Trade policy and tariffshigh
Changes to tariff regimes and trade agreements could affect margins and market access 1.
- Product liability and recallsmedium
Warranty claims, recalls and litigation over safety products can carry high costs 1.
- Antitrust investigationsmedium
Investigations and litigation related to the conduct of the business could lead to financial penalties 1.
- Currency and interest rate fluctuationslow
Changes in exchange rates and interest rates across the jurisdictions where the company operates can affect results 1.
Investment thesis
What would need to be true (bull case)
- If light vehicle production and content per vehicle keep growing, sales and margins could be supported 1.
- Improving return on capital employed and free operating cash flow suggest operational efficiency, per the annual report 1.
- Expansion into commercial vehicles and light mobility could open new revenue sources 1.
What would break the thesis
What to watch
- Q1 report, covering sales trends and operating marginQ1 2026
- Q2 results, including the impact of tariffs and the supply chainQ2 2026
- Q3 report and any changes to financial guidanceQ3 2026
- Next 10-K annual report, with updated risk factors and litigationnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Autoliv, Inc. is a Delaware corporation with principal executive offices in Stockholm, Sweden, functioning as a holding company with two principal subsidiaries, Autoliv AB and Autoliv ASP, Inc. 1. It develops passive safety systems including frontal and side airbag modules, pedestrian protection systems, steering wheels, inflators, battery cut-off switches and seatbelts 1. Through Mobility Safety Solutions it extends its offering to commercial vehicles, battery cut-off switches and safety solutions for motorcycle and bike riders 1.
The company has 62 production facilities in 23 countries, and its customers include the world's largest car manufacturers 1. On December 31, 2025 it had approximately 64,300 personnel worldwide, with 10% temporary personnel 1. Its common stock trades on the New York Stock Exchange under the symbol ALV 1.
Fiscal 2025 results show net income attributable to the controlling interest of 735 million USD and operating cash flow of 1,157 million USD 1. The operating margin reached 10.1% in fiscal 2025, up from 9.4% in fiscal 2024 1.
Segments
Airbags, steering wheels and other products
This segment generated sales of 7,302 million USD in fiscal 2025, about 68% of the company's sales, and includes airbag modules, steering wheels and inflators 1.
Seatbelt products and other
Seatbelts, including pretensioner and load limiter technologies, generated sales of 3,513 million USD in fiscal 2025, about 32% of the total 1.
Market context
The automotive passive safety market is driven by two primary factors: light vehicle production (LVP) and content per vehicle (CPV) 1. LVP has grown at an average annual rate of around 1.9% since Autoliv was founded in 1997, despite periods of decline 1.
Demand is supported by Vision Zero goals, demographic trends of urbanization and aging drivers, and stricter rating systems such as Euro NCAP, China NCAP and USNCAP 1. The company notes that autonomous vehicles could lead to roomier interiors that may require more advanced passive safety systems 1.
Trends
- Vision Zero and stricter safety teststailwind
Regulations and NCAP-style tests tend to raise safety content per vehicle, which could support demand for Autoliv products 1.
- Urbanization and aging driverstailwind
Demographic trends in growth markets and urban areas may increase interest in passive safety, according to the company's reporting 1.
- Autonomous vehicles and roomier interiorsmixed
If autonomous vehicles bring roomier interiors, more advanced passive safety systems could be needed, with effects on content per vehicle 1.
- Supply chain disruption and trade policyheadwind
Supply chain interruptions, changes in trade policy and possible changes to free trade agreements could affect the company's margins and costs 1.
Competitive position
The annual report does not name competitors in the text, but it cites the loss of business from increased competition as a risk 1. The market is served by global suppliers that work with large vehicle manufacturers 1.
The company's advantage lies in its broad range of passive safety products and its global presence across several regions, which allow it to serve international customers 1.
- Global passive safety suppliers
The source does not name competitors; the report only flags the risk of losing business to increased competition 1.
- Regional safety component suppliers
Regional competition in Asia and Europe is not named in the source, though the company's global presence points to rivalry in these areas 1.
- Asian seatbelt and airbag producers
The source does not identify specific firms in this category, which could compete on price in growth markets 1.
- Commercial vehicle protection system makers
The company enters this segment through Mobility Safety Solutions, where the source does not detail competition 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202526 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Autoliv, Inc. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.