Sweco AB (publ)

OM:SWEC B Stock Report

Market Cap: SEK 60.2b

Sweco Valuation

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

Below Fair Value: SWEC B (SEK167.3) is trading below our estimate of fair value (SEK251.62)

Significantly Below Fair Value: SWEC 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 SWEC B?

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

The above table shows the Price to Earnings ratio for SWEC B. This is calculated by dividing SWEC B's market cap by their current earnings.
What is SWEC B's PE Ratio?
PE Ratio31.8x
EarningsSEK 1.89b
Market CapSEK 60.21b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SWEC B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
SKA B Skanska
19.7x18.0%SEK 96.4b
PEAB B Peab
15.2x10.4%SEK 22.5b
NCC B NCC
12.8x6.4%SEK 15.8b
INSTAL Instalco
17.5x22.0%SEK 8.6b
SWEC B Sweco
31.8x17.4%SEK 60.2b

Price-To-Earnings vs Peers: SWEC B is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SWEC B 31.8xIndustry Avg. 13.2xNo. of Companies17PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SWEC B is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the European Construction industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is SWEC 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.

SWEC B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.8x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: SWEC B is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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 SWEC B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 167.30
SEK 192.60
+15.1%
7.2%SEK 216.00SEK 180.00n/a5
Dec ’25SEK 163.70
SEK 193.60
+18.3%
6.7%SEK 216.00SEK 180.00n/a5
Nov ’25SEK 176.50
SEK 189.60
+7.4%
7.1%SEK 216.00SEK 180.00n/a5
Oct ’25SEK 171.40
SEK 182.80
+6.7%
3.5%SEK 194.00SEK 175.00n/a5
Sep ’25SEK 168.90
SEK 182.80
+8.2%
3.5%SEK 194.00SEK 175.00n/a5
Aug ’25SEK 170.40
SEK 182.80
+7.3%
3.5%SEK 194.00SEK 175.00n/a5
Jul ’25SEK 149.00
SEK 164.20
+10.2%
4.0%SEK 173.00SEK 155.00n/a5
Jun ’25SEK 147.00
SEK 162.60
+10.6%
5.0%SEK 173.00SEK 150.00n/a5
May ’25SEK 118.80
SEK 137.40
+15.7%
9.3%SEK 150.00SEK 115.00n/a5
Apr ’25SEK 120.50
SEK 134.80
+11.9%
10.6%SEK 150.00SEK 115.00n/a5
Mar ’25SEK 111.80
SEK 132.80
+18.8%
9.5%SEK 150.00SEK 115.00n/a5
Feb ’25SEK 121.90
SEK 144.40
+18.5%
9.1%SEK 155.00SEK 120.00n/a5
Jan ’25SEK 135.10
SEK 143.80
+6.4%
12.1%SEK 160.00SEK 111.00n/a5
Dec ’24SEK 125.60
SEK 141.80
+12.9%
12.0%SEK 160.00SEK 111.00SEK 163.705
Nov ’24SEK 102.20
SEK 141.80
+38.7%
12.0%SEK 160.00SEK 111.00SEK 176.505
Oct ’24SEK 102.20
SEK 139.80
+36.8%
12.4%SEK 160.00SEK 111.00SEK 171.405
Sep ’24SEK 105.20
SEK 144.00
+36.9%
10.1%SEK 160.00SEK 123.00SEK 168.904
Aug ’24SEK 106.20
SEK 144.00
+35.6%
10.1%SEK 160.00SEK 123.00SEK 170.404
Jul ’24SEK 118.70
SEK 147.25
+24.1%
7.8%SEK 160.00SEK 130.00SEK 149.004
Jun ’24SEK 125.20
SEK 146.75
+17.2%
8.0%SEK 160.00SEK 130.00SEK 147.004
Feb ’24SEK 115.40
SEK 116.00
+0.5%
3.4%SEK 120.00SEK 112.00SEK 121.902
Jan ’24SEK 99.85
SEK 116.00
+16.2%
3.4%SEK 120.00SEK 112.00SEK 135.102
Dec ’23SEK 104.50
SEK 116.00
+11.0%
3.4%SEK 120.00SEK 112.00SEK 125.602

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 08:41
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

Sweco AB (publ) is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Viktor LindebergCarnegie Investment Bank AB
Johan DahlDanske Bank
Ebba Marie BjorklidDNB Markets