Skanska Valuation
Is SKAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
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 SKAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SKAB (CZK477) is trading below our estimate of fair value (CZK553.76)
Significantly Below Fair Value: SKAB is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SKAB?
Key metric: As SKAB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is SKAB's PE Ratio? | |
|---|---|
| PE Ratio | 18.5x |
| Earnings | SEK 4.89b |
| Market Cap | SEK 90.61b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.5x |
| Enterprise Value/EBITDA | 16.3x |
| PEG Ratio | 1x |
Price to Earnings Ratio vs Peers
How does SKAB's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.9x | ||
FGR Eiffage | 8.1x | 6.8% | €8.1b |
1801 Taisei | 17.1x | 9.5% | JP¥1.2t |
1618 Metallurgical Corporation of China | 5.8x | 15.5% | HK$68.4b |
1812 Kajima | 12.6x | 7.9% | JP¥1.3t |
SKAB Skanska | 18.5x | 18.0% | Kč90.6b |
Price-To-Earnings vs Peers: SKAB is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (11x).
Price to Earnings Ratio vs Industry
How does SKAB's PE Ratio compare vs other companies in the European Construction Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: SKAB is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the European Construction industry average (13x).
Price to Earnings Ratio vs Fair Ratio
What is SKAB'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 | 18.5x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SKAB's Price-To-Earnings Fair Ratio for valuation analysis.
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 | Kč477.00 | Kč486.74 +2.0% | 17.0% | Kč567.50 | Kč349.23 | n/a | 8 |
| Nov ’25 | n/a | Kč490.99 0% | 17.0% | Kč572.45 | Kč352.28 | n/a | 8 |
| Oct ’25 | n/a | Kč471.45 0% | 16.7% | Kč544.35 | Kč345.62 | n/a | 8 |
| Sep ’25 | Kč453.40 | Kč471.45 +4.0% | 16.7% | Kč544.35 | Kč345.62 | n/a | 8 |
| Aug ’25 | n/a | Kč471.45 0% | 16.7% | Kč544.35 | Kč345.62 | n/a | 8 |
| Jul ’25 | n/a | Kč428.37 0% | 14.4% | Kč490.79 | Kč330.75 | n/a | 8 |
| Jun ’25 | n/a | Kč428.37 0% | 14.4% | Kč490.79 | Kč330.75 | n/a | 8 |
| May ’25 | Kč411.00 | Kč434.33 +5.7% | 14.4% | Kč495.45 | Kč335.35 | n/a | 8 |
| Apr ’25 | Kč437.60 | Kč445.47 +1.8% | 14.4% | Kč506.25 | Kč344.16 | n/a | 8 |
| Mar ’25 | n/a | Kč445.35 0% | 16.5% | Kč515.11 | Kč343.40 | n/a | 8 |
| Feb ’25 | n/a | Kč405.58 0% | 16.7% | Kč475.15 | Kč285.97 | n/a | 8 |
| Jan ’25 | n/a | Kč368.91 0% | 18.7% | Kč469.23 | Kč276.02 | n/a | 8 |
| Dec ’24 | Kč349.00 | Kč368.91 +5.7% | 18.7% | Kč469.23 | Kč276.02 | n/a | 8 |
| Nov ’24 | Kč314.70 | Kč372.42 +18.3% | 19.3% | Kč471.85 | Kč271.42 | n/a | 8 |
| Oct ’24 | Kč371.50 | Kč368.84 -0.7% | 19.0% | Kč464.06 | Kč271.05 | n/a | 8 |
| Sep ’24 | n/a | Kč349.61 0% | 18.8% | Kč435.72 | Kč273.88 | Kč453.40 | 6 |
| Aug ’24 | Kč339.00 | Kč349.61 +3.1% | 18.8% | Kč435.72 | Kč273.88 | n/a | 6 |
| Jul ’24 | Kč299.50 | Kč352.82 +17.8% | 18.2% | Kč426.64 | Kč268.17 | n/a | 6 |
| Jun ’24 | Kč294.80 | Kč352.82 +19.7% | 18.2% | Kč426.64 | Kč268.17 | n/a | 6 |
| May ’24 | Kč347.30 | Kč382.12 +10.0% | 17.6% | Kč493.95 | Kč316.95 | Kč411.00 | 6 |
| Apr ’24 | Kč333.40 | Kč396.55 +18.9% | 17.6% | Kč512.59 | Kč328.91 | Kč437.60 | 6 |
| Mar ’24 | Kč417.60 | Kč396.55 -5.0% | 17.6% | Kč512.59 | Kč328.91 | n/a | 6 |
| Feb ’24 | Kč397.20 | Kč348.01 -12.4% | 20.7% | Kč447.44 | Kč266.33 | n/a | 6 |
| Jan ’24 | n/a | Kč362.14 0% | 19.6% | Kč470.40 | Kč280.00 | n/a | 6 |
| Dec ’23 | Kč393.90 | Kč362.14 -8.1% | 19.6% | Kč470.40 | Kč280.00 | Kč349.00 | 6 |
| Nov ’23 | Kč377.50 | Kč365.62 -3.1% | 19.2% | Kč471.53 | Kč280.67 | Kč314.70 | 6 |
Analyst Forecast: Target price is less than 20% higher than the current share price.