Sweco Valuation
Is SWEC B undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of SWEC B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SWEC B (SEK162) is trading below our estimate of fair value (SEK257.69)
Significantly Below Fair Value: SWEC B is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SWEC B?
Key metric: As SWEC B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is SWEC B's PE Ratio? | |
|---|---|
| PE Ratio | 30.8x |
| Earnings | SEK 1.89b |
| Market Cap | SEK 58.30b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.1x |
| Enterprise Value/EBITDA | 19.2x |
| PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does SWEC B's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 15.8x | ||
SKA B Skanska | 18.8x | 18.0% | SEK 91.7b |
PEAB B Peab | 16x | 10.4% | SEK 23.7b |
NCC B NCC | 12.7x | 6.4% | SEK 15.8b |
INSTAL Instalco | 15.6x | 22.8% | SEK 7.7b |
SWEC B Sweco | 30.8x | 15.4% | SEK 58.3b |
Price-To-Earnings vs Peers: SWEC B is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the peer average (15.8x).
Price to Earnings Ratio vs Industry
How does SWEC B's PE Ratio compare vs other companies in the European Construction Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: SWEC B is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the European Construction industry average (12.8x).
Price to Earnings Ratio vs Fair Ratio
What is SWEC B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 30.8x |
| Fair PE Ratio | 26.8x |
Price-To-Earnings vs Fair Ratio: SWEC B is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 162.00 | SEK 193.60 +19.5% | 6.7% | SEK 216.00 | SEK 180.00 | n/a | 5 |
| Nov ’25 | SEK 176.50 | SEK 189.60 +7.4% | 7.1% | SEK 216.00 | SEK 180.00 | n/a | 5 |
| Oct ’25 | SEK 171.40 | SEK 182.80 +6.7% | 3.5% | SEK 194.00 | SEK 175.00 | n/a | 5 |
| Sep ’25 | SEK 168.90 | SEK 182.80 +8.2% | 3.5% | SEK 194.00 | SEK 175.00 | n/a | 5 |
| Aug ’25 | SEK 170.40 | SEK 182.80 +7.3% | 3.5% | SEK 194.00 | SEK 175.00 | n/a | 5 |
| Jul ’25 | SEK 149.00 | SEK 164.20 +10.2% | 4.0% | SEK 173.00 | SEK 155.00 | n/a | 5 |
| Jun ’25 | SEK 147.00 | SEK 162.60 +10.6% | 5.0% | SEK 173.00 | SEK 150.00 | n/a | 5 |
| May ’25 | SEK 118.80 | SEK 137.40 +15.7% | 9.3% | SEK 150.00 | SEK 115.00 | n/a | 5 |
| Apr ’25 | SEK 120.50 | SEK 134.80 +11.9% | 10.6% | SEK 150.00 | SEK 115.00 | n/a | 5 |
| Mar ’25 | SEK 111.80 | SEK 132.80 +18.8% | 9.5% | SEK 150.00 | SEK 115.00 | n/a | 5 |
| Feb ’25 | SEK 121.90 | SEK 144.40 +18.5% | 9.1% | SEK 155.00 | SEK 120.00 | n/a | 5 |
| Jan ’25 | SEK 135.10 | SEK 143.80 +6.4% | 12.1% | SEK 160.00 | SEK 111.00 | n/a | 5 |
| Dec ’24 | SEK 125.60 | SEK 141.80 +12.9% | 12.0% | SEK 160.00 | SEK 111.00 | n/a | 5 |
| Nov ’24 | SEK 102.20 | SEK 141.80 +38.7% | 12.0% | SEK 160.00 | SEK 111.00 | SEK 176.50 | 5 |
| Oct ’24 | SEK 102.20 | SEK 139.80 +36.8% | 12.4% | SEK 160.00 | SEK 111.00 | SEK 171.40 | 5 |
| Sep ’24 | SEK 105.20 | SEK 144.00 +36.9% | 10.1% | SEK 160.00 | SEK 123.00 | SEK 168.90 | 4 |
| Aug ’24 | SEK 106.20 | SEK 144.00 +35.6% | 10.1% | SEK 160.00 | SEK 123.00 | SEK 170.40 | 4 |
| Jul ’24 | SEK 118.70 | SEK 147.25 +24.1% | 7.8% | SEK 160.00 | SEK 130.00 | SEK 149.00 | 4 |
| Jun ’24 | SEK 125.20 | SEK 146.75 +17.2% | 8.0% | SEK 160.00 | SEK 130.00 | SEK 147.00 | 4 |
| Feb ’24 | SEK 115.40 | SEK 116.00 +0.5% | 3.4% | SEK 120.00 | SEK 112.00 | SEK 121.90 | 2 |
| Jan ’24 | SEK 99.85 | SEK 116.00 +16.2% | 3.4% | SEK 120.00 | SEK 112.00 | SEK 135.10 | 2 |
| Dec ’23 | SEK 104.50 | SEK 116.00 +11.0% | 3.4% | SEK 120.00 | SEK 112.00 | SEK 125.60 | 2 |
| Nov ’23 | SEK 85.40 | SEK 116.00 +35.8% | 3.4% | SEK 120.00 | SEK 112.00 | SEK 102.20 | 2 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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