Skanska AB (publ)

LSE:0HBT Stock Report

Market Cap: SEK 97.5b

Skanska Valuation

Is 0HBT 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 0HBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0HBT (SEK234.37) is trading below our estimate of fair value (SEK257.05)

Significantly Below Fair Value: 0HBT 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 0HBT?

Key metric: As 0HBT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0HBT. This is calculated by dividing 0HBT's market cap by their current earnings.
What is 0HBT's PE Ratio?
PE Ratio20x
EarningsSEK 4.89b
Market CapSEK 97.48b

Price to Earnings Ratio vs Peers

How does 0HBT's PE Ratio compare to its peers?

The above table shows the PE ratio for 0HBT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.4x
BBY Balfour Beatty
10.2x0.9%UK£2.3b
MGNS Morgan Sindall Group
14.7x2.8%UK£1.8b
KLR Keller Group
8.3x2.4%UK£1.0b
RNWH Renew Holdings
16.6x10.3%UK£729.8m
0HBT Skanska
20x18.0%SEK 97.5b

Price-To-Earnings vs Peers: 0HBT is expensive based on its Price-To-Earnings Ratio (20x) compared to the peer average (12.4x).

Price to Earnings Ratio vs Industry

How does 0HBT's PE Ratio compare vs other companies in the European Construction Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0HBT 20.0xIndustry Avg. 13.6xNo. of Companies21PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0HBT is expensive based on its Price-To-Earnings Ratio (20x) compared to the European Construction industry average (13.6x).

Price to Earnings Ratio vs Fair Ratio

What is 0HBT'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.

0HBT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: 0HBT is good value based on its Price-To-Earnings Ratio (20x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).

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 0HBT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 234.37
SEK 223.00
-4.8%
17.0%SEK 260.00SEK 160.00n/a8
Dec ’25SEK 226.71
SEK 223.00
-1.6%
17.0%SEK 260.00SEK 160.00n/a8
Nov ’25SEK 217.95
SEK 223.00
+2.3%
17.0%SEK 260.00SEK 160.00n/a8
Oct ’25SEK 211.70
SEK 218.25
+3.1%
16.7%SEK 252.00SEK 160.00n/a8
Sep ’25SEK 207.30
SEK 218.25
+5.3%
16.7%SEK 252.00SEK 160.00n/a8
Aug ’25SEK 205.63
SEK 218.25
+6.1%
16.7%SEK 252.00SEK 160.00n/a8
Jul ’25SEK 189.40
SEK 200.75
+6.0%
14.4%SEK 230.00SEK 155.00n/a8
Jun ’25SEK 185.99
SEK 200.75
+7.9%
14.4%SEK 230.00SEK 155.00n/a8
May ’25SEK 192.08
SEK 200.75
+4.5%
14.4%SEK 229.00SEK 155.00n/a8
Apr ’25SEK 192.10
SEK 200.63
+4.4%
14.4%SEK 228.00SEK 155.00n/a8
Mar ’25SEK 192.16
SEK 197.13
+2.6%
16.5%SEK 228.00SEK 152.00n/a8
Feb ’25SEK 183.45
SEK 184.38
+0.5%
16.7%SEK 216.00SEK 130.00n/a8
Jan ’25SEK 182.33
SEK 173.75
-4.7%
18.7%SEK 221.00SEK 130.00SEK 231.708
Dec ’24SEK 170.60
SEK 173.75
+1.8%
18.7%SEK 221.00SEK 130.00SEK 226.718
Nov ’24SEK 148.78
SEK 178.38
+19.9%
19.3%SEK 226.00SEK 130.00SEK 217.958
Oct ’24SEK 179.30
SEK 179.63
+0.2%
19.0%SEK 226.00SEK 132.00SEK 211.708
Sep ’24SEK 159.85
SEK 168.50
+5.4%
18.8%SEK 210.00SEK 132.00SEK 207.306
Aug ’24SEK 166.36
SEK 168.50
+1.3%
18.8%SEK 210.00SEK 132.00SEK 205.636
Jul ’24SEK 151.25
SEK 173.67
+14.8%
18.2%SEK 210.00SEK 132.00SEK 189.406
Jun ’24SEK 142.40
SEK 173.67
+22.0%
18.2%SEK 210.00SEK 132.00SEK 185.996
May ’24SEK 164.58
SEK 185.67
+12.8%
17.6%SEK 240.00SEK 154.00SEK 192.086
Apr ’24SEK 158.49
SEK 185.67
+17.1%
17.6%SEK 240.00SEK 154.00SEK 192.106
Mar ’24SEK 191.00
SEK 185.67
-2.8%
17.6%SEK 240.00SEK 154.00SEK 192.166
Feb ’24SEK 185.97
SEK 163.33
-12.2%
20.7%SEK 210.00SEK 125.00SEK 183.456
Jan ’24SEK 166.38
SEK 161.67
-2.8%
19.6%SEK 210.00SEK 125.00SEK 182.336

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 08:58
End of Day Share Price 2025/01/02 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