Skanska AB (publ)

SEP:SKAB Stock Report

Market Cap: Kč215.5b

Skanska Valuation

Is SKAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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 SKAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SKAB (CZK509.2) is trading below our estimate of fair value (CZK539.4)

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.

The above table shows the Price to Earnings ratio for SKAB. This is calculated by dividing SKAB's market cap by their current earnings.
What is SKAB's PE Ratio?
PE Ratio20.1x
EarningsSEK 4.89b
Market CapSEK 98.09b

Price to Earnings Ratio vs Peers

How does SKAB's PE Ratio compare to its peers?

The above table shows the PE ratio for SKAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22x
FLR Fluor
33.6x17.5%US$8.7b
ATRL AtkinsRéalis Group
40.8x27.4%CA$13.1b
FGR Eiffage
7.9x6.9%€8.0b
1618 Metallurgical Corporation of China
5.5x15.5%HK$63.9b
SKAB Skanska
20.1x18.0%Kč98.1b

Price-To-Earnings vs Peers: SKAB is good value based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (22x).

Price to Earnings Ratio vs Industry

How does SKAB's PE Ratio compare vs other companies in the European Construction Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SKAB 20.1xIndustry Avg. 13.8xNo. of Companies21PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SKAB is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the European Construction industry average (13.8x).

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.

SKAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ration/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?

The above table shows the analyst SKAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
Kč484.09
0%
17.0%Kč564.41Kč347.33n/a8
Dec ’25Kč490.00
Kč487.95
-0.4%
17.0%Kč568.91Kč350.10n/a8
Nov ’25n/a
Kč490.99
0%
17.0%Kč572.45Kč352.28n/a8
Oct ’25n/a
Kč478.99
0%
16.7%Kč553.06Kč351.15n/a8
Sep ’25Kč453.40
Kč478.99
+5.6%
16.7%Kč553.06Kč351.15n/a8
Aug ’25n/a
Kč471.45
0%
16.7%Kč544.35Kč345.62n/a8
Jul ’25n/a
Kč428.37
0%
14.4%Kč490.79Kč330.75n/a8
Jun ’25n/a
Kč428.37
0%
14.4%Kč490.79Kč330.75n/a8
May ’25Kč411.00
Kč434.33
+5.7%
14.4%Kč495.45Kč335.35n/a8
Apr ’25Kč437.60
Kč445.47
+1.8%
14.4%Kč506.25Kč344.16n/a8
Mar ’25n/a
Kč445.35
0%
16.5%Kč515.11Kč343.40n/a8
Feb ’25n/a
Kč405.58
0%
16.7%Kč475.15Kč285.97n/a8
Jan ’25n/a
Kč368.91
0%
18.7%Kč469.23Kč276.02n/a8
Dec ’24Kč349.00
Kč368.91
+5.7%
18.7%Kč469.23Kč276.02Kč490.008
Nov ’24Kč314.70
Kč372.42
+18.3%
19.3%Kč471.85Kč271.42n/a8
Oct ’24Kč371.50
Kč368.84
-0.7%
19.0%Kč464.06Kč271.05n/a8
Sep ’24n/a
Kč349.61
0%
18.8%Kč435.72Kč273.88Kč453.406
Aug ’24Kč339.00
Kč349.61
+3.1%
18.8%Kč435.72Kč273.88n/a6
Jul ’24Kč299.50
Kč352.82
+17.8%
18.2%Kč426.64Kč268.17n/a6
Jun ’24Kč294.80
Kč352.82
+19.7%
18.2%Kč426.64Kč268.17n/a6
May ’24Kč347.30
Kč382.12
+10.0%
17.6%Kč493.95Kč316.95Kč411.006
Apr ’24Kč333.40
Kč396.55
+18.9%
17.6%Kč512.59Kč328.91Kč437.606
Mar ’24Kč417.60
Kč396.55
-5.0%
17.6%Kč512.59Kč328.91n/a6
Feb ’24Kč397.20
Kč348.01
-12.4%
20.7%Kč447.44Kč266.33n/a6
Jan ’24n/a
Kč362.14
0%
19.6%Kč470.40Kč280.00n/a6

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/04 09:44
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Skanska AB (publ) is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MooreBerenberg
Arnaud LehmannBofA Global Research
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB