Stock Analysis Report

Executive Summary

Peab AB (publ) operates as a construction and civil engineering company primarily in Sweden, Norway, and Finland.

Snowflake Analysis

Undervalued with adequate balance sheet and pays a dividend.

Similar Companies

Share Price & News

How has Peab's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: PEAB B has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




SE Construction


SE Market

1 Year Return




SE Construction


SE Market

Return vs Industry: PEAB B underperformed the Swedish Construction industry which returned 41.3% over the past year.

Return vs Market: PEAB B exceeded the Swedish Market which returned 17.2% over the past year.

Shareholder returns

PEAB BIndustryMarket
7 Day-4.9%-3.7%-4.1%
30 Day6.4%0.9%-0.5%
90 Day19.7%8.8%5.2%
1 Year31.7%25.2%46.0%41.3%21.9%17.2%
3 Year37.5%19.7%29.3%13.1%34.6%14.2%
5 Year77.9%43.9%56.7%17.2%41.1%11.1%

Price Volatility Vs. Market

How volatile is Peab's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Peab undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PEAB B (SEK101.8) is trading below our estimate of fair value (SEK181.1)

Significantly Below Fair Value: PEAB B is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: PEAB B is good value based on its PE Ratio (14.4x) compared to the Construction industry average (23x).

PE vs Market: PEAB B is good value based on its PE Ratio (14.4x) compared to the Swedish market (19.2x).

Price to Earnings Growth Ratio

PEG Ratio: PEAB B is poor value based on its PEG Ratio (4.6x)

Price to Book Ratio

PB vs Industry: PEAB B is good value based on its PB Ratio (2.4x) compared to the SE Construction industry average (3.5x).

Next Steps

Future Growth

How is Peab forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEAB B's forecast earnings growth (3.1% per year) is above the savings rate (-0.4%).

Earnings vs Market: PEAB B's earnings (3.1% per year) are forecast to grow slower than the Swedish market (8% per year).

High Growth Earnings: PEAB B's earnings are forecast to grow, but not significantly.

Revenue vs Market: PEAB B's revenue (4.8% per year) is forecast to grow faster than the Swedish market (4.7% per year).

High Growth Revenue: PEAB B's revenue (4.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PEAB B's Return on Equity is forecast to be low in 3 years time (16.5%).

Next Steps

Past Performance

How has Peab performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PEAB B has a high level of non-cash earnings.

Growing Profit Margin: PEAB B's current net profit margins (3.9%) are lower than last year (4%).

Past Earnings Growth Analysis

Earnings Trend: PEAB B's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: PEAB B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PEAB B had negative earnings growth (-0.4%) over the past year, making it difficult to compare to the Construction industry average (21.6%).

Return on Equity

High ROE: PEAB B's Return on Equity (17.1%) is considered low.

Next Steps

Financial Health

How is Peab's financial position?

Financial Position Analysis

Short Term Liabilities: PEAB B's short term assets (SEK25.8B) exceed its short term liabilities (SEK19.7B).

Long Term Liabilities: PEAB B's short term assets (SEK25.8B) exceed its long term liabilities (SEK6.8B).

Debt to Equity History and Analysis

Debt Level: PEAB B's debt to equity ratio (63.4%) is considered high.

Reducing Debt: PEAB B's debt to equity ratio has reduced from 81.1% to 63.4% over the past 5 years.

Debt Coverage: PEAB B's debt is not well covered by operating cash flow (0.7%).

Interest Coverage: PEAB B's interest payments on its debt are well covered by EBIT (25.9x coverage).

Balance Sheet

Inventory Level: PEAB B has a low level of unsold assets or inventory.

Debt Coverage by Assets: PEAB B's debt is covered by short term assets (assets are 3.3x debt).

Next Steps


What is Peab's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

TodayFeb 25 2020Ex Dividend DateMay 07 2020Dividend Pay DateMay 13 20206 days from Ex DividendBuy in the next 71 days to receive upcoming dividend

Dividend Yield vs Market

Notable Dividend: PEAB B's dividend (4.13%) is higher than the bottom 25% of dividend payers in the Swedish market (1.62%).

High Dividend: PEAB B's dividend (4.13%) is low compared to the top 25% of dividend payers in the Swedish market (4.27%).

Stability and Growth of Payments

Stable Dividend: PEAB B's dividend payments have been volatile in the past 10 years.

Growing Dividend: PEAB B's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.2%), PEAB B's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: PEAB B's dividends in 3 years are forecast to be covered by earnings (57% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Jesper Göransson (48yo)



Mr. Jesper Göransson serves as the Chief Executive Officer of Peab AB and has been its President since August 2013 and its Member of the Executive Management Advisory Board since July 2009. Mr. Göransson s ...

CEO Compensation Analysis

Compensation vs Market: Jesper's total compensation ($USD1.57M) is above average for companies of similar size in the Swedish market ($USD1.06M).

Compensation vs Earnings: Jesper's compensation has been consistent with company performance over the past year.

Leadership Team

Jesper Göransson
CEO & President0yrskr15.30m0.36% SEK106.8m
Niclas Winkvist
Chief Financial Officer6.5yrsno data0.12% SEK37.0m
Roger Linnér
Production Manager & COO6.7yrsno data0.069% SEK20.6m
Charlotte Hagö
Chief Information Officer0yrsno datano data
Camila Buzaglo
Chief Communications Officer1.3yrsno data0.0015% SEK459.4k
Jan Persson
Head of Peab Support0yrsno datano data
Mikael Rydén
Head of Information Technology0yrsno datano data
Anders Bogren
Head of Purchasing & Logistics0yrsno datano data
Marie Vernersson
Group Controller12.1yrsno datano data
Gösta Sjöström
Senior Advisor0yrsno datano data


Average Tenure


Average Age

Experienced Management: PEAB B's management team is seasoned and experienced (6.6 years average tenure).

Board Members

Karl-Axel Granlund
Independent Director20.1yrskr520.00k0.0044% SEK1.3m
Göran Grosskopf
Chairman of the Board14.4yrskr980.00k0.44% SEK130.7m
Lars Sköld
Independent Director13.1yrskr520.00k0.0068% SEK2.0m
Mats Paulsson
Vice Chairman8.8yrskr460.00k12.82% SEK3.8b
Malin Persson
Independent Director3.8yrskr400.00k0.00068% SEK204.2k
Fredrik Paulsson
Director 10.8yrskr460.00k0.42% SEK125.1m
Patrik Svensson
Employee Representative Director13.1yrsno datano data
Kim Thomsen
Employee Representative Director12.1yrsno datano data
Kerstin Lindell
Independent Director6.1yrskr460.00k0.0017% SEK510.5k
Egon Waldemarsson
Employee Representative Director3.8yrsno data0.0020% SEK609.6k


Average Tenure


Average Age

Experienced Board: PEAB B's board of directors are seasoned and experienced ( 11.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: PEAB B insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Peab AB (publ)'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Peab AB (publ)
  • Ticker: PEAB B
  • Exchange: OM
  • Founded: 1959
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: kr30.027b
  • Shares outstanding: 294.96m
  • Website:

Number of Employees


  • Peab AB (publ)
  • Margretetorpsvägen 84
  • Förslöv
  • Skåne County
  • 269 73
  • Sweden


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PEAB BOM (OMX Nordic Exchange Stockholm)YesClass B Registered SharesSESEKMay 1993
0MHTLSE (London Stock Exchange)YesClass B Registered SharesGBSEKMay 1993
PEKBDB (Deutsche Boerse AG)YesClass B Registered SharesDEEURMay 1993
PEABBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B Registered SharesGBSEKMay 1993


Peab AB (publ) operates as a construction and civil engineering company primarily in Sweden, Norway, and Finland. It operates through four segments: Construction, Civil Engineering, Industry, and Project Development. The Construction segment constructs homes, and public and commercial properties; and provides construction maintenance services. The Civil Engineering segment constructs and maintains roads, railroads, bridges, tunnels, ports, and other infrastructure. This segment also undertakes landscaping, pipeline, and foundation works, as well as operates and maintains highways and street networks, parks, outdoor properties, and water and sewage supply networks. The Industry segment offers products and services for construction and civil engineering projects. It provides gravel, rock, concrete, asphalt, machines and transportation, temporary electricity, and prefabricated concrete elements. This segment is also involved in the crane rental and production waste handling activities. The Project Development segment acquires, owns, develops, rents, and divests housing, commercial properties, and city blocks. Peab AB (publ) was founded in 1959 and is headquartered in Förslöv, Sweden. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 20:58
End of Day Share Price2020/02/24 00:00
Annual Earnings2019/12/31

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.