Skanska Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 SKA B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SKA B (SEK197.2) is trading below our estimate of fair value (SEK344.48)

Significantly Below Fair Value: SKA 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 SKA B?

Other financial metrics that can be useful for relative valuation.

SKA B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA13.7x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does SKA B's PE Ratio compare to its peers?

The above table shows the PE ratio for SKA B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.6x
SWEC B Sweco
26.4x13.6%kr44.0b
9.6x-4.0%kr19.1b
9.2x-2.9%kr14.4b
OX2 OX2
13x25.8%kr13.5b
SKA B Skanska
16.2x11.9%kr80.9b

Price-To-Earnings vs Peers: SKA B is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (14.6x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SKA B is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the European Construction industry average (12.8x).


Price to Earnings Ratio vs Fair Ratio

What is SKA 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.

SKA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.2x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: SKA B is good value based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).


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 SKA B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr197.20
kr200.63
+1.7%
14.4%kr228.00kr155.00n/a8
Mar ’25kr192.45
kr197.13
+2.4%
16.5%kr228.00kr152.00n/a8
Feb ’25kr181.70
kr184.38
+1.5%
16.7%kr216.00kr130.00n/a8
Jan ’25kr182.35
kr173.75
-4.7%
18.7%kr221.00kr130.00n/a8
Dec ’24kr170.60
kr173.75
+1.8%
18.7%kr221.00kr130.00n/a8
Nov ’24kr146.60
kr178.38
+21.7%
19.3%kr226.00kr130.00n/a8
Oct ’24kr180.00
kr179.63
-0.2%
19.0%kr226.00kr132.00n/a8
Sep ’24kr159.15
kr168.50
+5.9%
18.8%kr210.00kr132.00n/a6
Aug ’24kr165.95
kr168.50
+1.5%
18.8%kr210.00kr132.00n/a6
Jul ’24kr151.15
kr173.67
+14.9%
18.2%kr210.00kr132.00n/a6
Jun ’24kr142.15
kr173.67
+22.2%
18.2%kr210.00kr132.00n/a6
May ’24kr167.40
kr185.67
+10.9%
17.6%kr240.00kr154.00n/a6
Apr ’24kr158.55
kr185.67
+17.1%
17.6%kr240.00kr154.00n/a6
Mar ’24kr191.00
kr185.67
-2.8%
17.6%kr240.00kr154.00kr192.456
Feb ’24kr186.70
kr163.33
-12.5%
20.7%kr210.00kr125.00kr181.706
Jan ’24kr165.00
kr161.67
-2.0%
19.6%kr210.00kr125.00kr182.356
Dec ’23kr170.30
kr161.67
-5.1%
19.6%kr210.00kr125.00kr170.606
Nov ’23kr170.65
kr162.83
-4.6%
19.2%kr210.00kr125.00kr146.606
Oct ’23kr139.50
kr183.40
+31.5%
16.8%kr230.00kr152.00kr180.005
Sep ’23kr153.80
kr183.40
+19.2%
16.8%kr230.00kr152.00kr159.155
Aug ’23kr168.50
kr183.40
+8.8%
16.8%kr230.00kr152.00kr165.955
Jul ’23kr155.05
kr218.20
+40.7%
19.1%kr270.00kr146.00kr151.155
Jun ’23kr170.00
kr237.20
+39.5%
7.7%kr270.00kr215.00kr142.155
May ’23kr189.55
kr246.20
+29.9%
11.3%kr300.00kr220.00kr167.405
Apr ’23kr213.00
kr255.20
+19.8%
9.5%kr300.00kr231.00kr158.555
Mar ’23kr208.60
kr255.20
+22.3%
9.5%kr300.00kr231.00kr191.005

Analyst Forecast: Target price is less than 20% higher than the current share price.


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