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Skanska

OTCPK:SKSB.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKSB.F
OTCPK
SEK66B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Skanska AB (publ), a construction and project development company, develops and constructs commercial properties, and residential and public private partnerships projects in the Nordic region, Europe, and the United States. The last earnings update was 27 days ago. More info.


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SKSB.F Share Price and Events
7 Day Returns
-1.5%
OTCPK:SKSB.F
1.1%
US Construction
0.2%
US Market
1 Year Returns
-
OTCPK:SKSB.F
-5.3%
US Construction
2.9%
US Market
SKSB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Skanska (SKSB.F) -1.5% -12.7% -6.9% - -24.4% -29.3%
US Construction 1.1% -4.7% -0.3% -5.3% 13.9% -0.7%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on SKSB.F.
  • No trading data on SKSB.F.
Price Volatility
SKSB.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Skanska undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Skanska to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Skanska.

OTCPK:SKSB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SKSB.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 22%) (28.45%))
1.199
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.199 * 5.96%)
9.88%

Discounted Cash Flow Calculation for OTCPK:SKSB.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Skanska is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SKSB.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 9.88%)
2019 -8,940.00 Analyst x1 -8,136.23
2020 6,125.00 Analyst x2 5,073.15
2021 6,240.00 Analyst x2 4,703.73
2022 6,372.41 Est @ 2.12% 4,371.66
2023 6,519.25 Est @ 2.3% 4,070.30
2024 6,677.80 Est @ 2.43% 3,794.44
2025 6,846.18 Est @ 2.52% 3,540.37
2026 7,023.08 Est @ 2.58% 3,305.32
2027 7,207.64 Est @ 2.63% 3,087.20
2028 7,399.25 Est @ 2.66% 2,884.33
Present value of next 10 years cash flows SEK26,694.28
OTCPK:SKSB.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK7,399.25 × (1 + 2.73%) ÷ (9.88% – 2.73%)
SEK106,327.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK106,327.82 ÷ (1 + 9.88%)10
SEK41,448.11
OTCPK:SKSB.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK26,694.28 + SEK41,448.11
SEK68,142.38
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK68,142.38 / 410.27
SEK166.09
OTCPK:SKSB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SKSB.F represents 0.10115x of OM:SKA B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10115x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 166.09 x 0.10115
$16.80
Value per share (USD) From above. $16.80
Current discount Discount to share price of $16.25
= -1 x ($16.25 - $16.80) / $16.80
3.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Skanska is available for.
Intrinsic value
3%
Share price is $16.25 vs Future cash flow value of $16.8
Current Discount Checks
For Skanska to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Skanska's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Skanska's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Skanska's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Skanska's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SKSB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK12.75
OM:SKA B Share Price ** OM (2019-05-22) in SEK SEK160.65
United States of America Construction Industry PE Ratio Median Figure of 28 Publicly-Listed Construction Companies 16.53x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Skanska.

OTCPK:SKSB.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:SKA B Share Price ÷ EPS (both in SEK)

= 160.65 ÷ 12.75

12.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Skanska is good value based on earnings compared to the US Construction industry average.
  • Skanska is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Skanska's expected growth come at a high price?
Raw Data
OTCPK:SKSB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
6.7%per year
United States of America Construction Industry PEG Ratio Median Figure of 24 Publicly-Listed Construction Companies 1.15x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:SKSB.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.6x ÷ 6.7%

1.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Skanska is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Skanska's assets?
Raw Data
OTCPK:SKSB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK68.09
OM:SKA B Share Price * OM (2019-05-22) in SEK SEK160.65
United States of America Construction Industry PB Ratio Median Figure of 34 Publicly-Listed Construction Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:SKSB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:SKA B Share Price ÷ Book Value per Share (both in SEK)

= 160.65 ÷ 68.09

2.36x

* Primary Listing of Skanska.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Skanska is overvalued based on assets compared to the US Construction industry average.
X
Value checks
We assess Skanska's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Skanska has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Skanska expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Skanska expected to grow at an attractive rate?
  • Skanska's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Skanska's earnings growth is positive but not above the United States of America market average.
  • Skanska's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SKSB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SKSB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 6.7%
OTCPK:SKSB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 25.1%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SKSB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SKSB.F Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 167,921 5,893 5,669 3
2020-12-31 164,132 5,614 5,436 5
2019-12-31 163,886 4,833 4,753 5
OTCPK:SKSB.F Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 174,179 9,383 5,220
2018-12-31 171,730 9,454 4,571
2018-09-30 166,554 5,602 3,376
2018-06-30 162,338 4,286 3,583
2018-03-31 158,930 2,009 2,927
2017-12-31 157,877 2,846 4,095
2017-09-30 152,125 -1,670 5,227
2017-06-30 148,744 -726 5,009
2017-03-31 148,576 2,609 6,903
2016-12-31 145,365 -883 5,722
2016-09-30 148,727 8,250 5,986
2016-06-30 149,645 8,626 5,724

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Skanska's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
  • Skanska's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SKSB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Skanska Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SKSB.F Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 13.71 15.51 12.36 3.00
2020-12-31 13.18 15.50 11.61 5.00
2019-12-31 11.51 13.22 10.48 4.00
OTCPK:SKSB.F Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 12.75
2018-12-31 11.17
2018-09-30 8.25
2018-06-30 8.76
2018-03-31 7.15
2017-12-31 10.00
2017-09-30 12.77
2017-06-30 12.24
2017-03-31 16.86
2016-12-31 13.96
2016-09-30 14.58
2016-06-30 13.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Skanska is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Skanska's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Skanska has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Skanska performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Skanska's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Skanska's year on year earnings growth rate has been positive over the past 5 years.
  • Skanska's 1-year earnings growth exceeds its 5-year average (78.3% vs 4.2%)
  • Skanska's earnings growth has exceeded the US Construction industry average in the past year (78.3% vs 0.4%).
Earnings and Revenue History
Skanska's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Skanska Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SKSB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 174,179.00 5,220.00 8,497.70
2018-12-31 171,730.00 4,571.00 8,854.70
2018-09-30 166,554.00 3,376.00 9,519.00
2018-06-30 162,338.00 3,583.00 9,250.00
2018-03-31 158,930.00 2,927.00 9,299.00
2017-12-31 157,877.00 4,095.00 9,065.00
2017-09-30 152,125.00 5,227.00 9,334.00
2017-06-30 148,744.00 5,009.00 9,400.00
2017-03-31 148,576.00 6,903.00 9,308.00
2016-12-31 145,365.00 5,722.00 9,173.00
2016-09-30 148,727.00 5,986.00 9,077.00
2016-06-30 149,645.00 5,724.00 8,928.00
2016-03-31 150,116.00 4,497.00 8,954.00
2015-12-31 153,049.00 4,780.00 8,961.00
2015-09-30 150,780.00 3,461.00 8,927.00
2015-06-30 154,366.00 4,307.00 8,863.00
2015-03-31 148,910.00 3,905.00 8,674.00
2014-12-31 143,325.00 3,843.00 8,439.00
2014-09-30 141,145.00 3,505.00 8,149.00
2014-06-30 136,930.00 3,146.00 7,932.00
2014-03-31 134,559.00 3,213.00 7,786.00
2013-12-31 136,589.00 3,765.00 7,763.00
2013-09-30 134,077.00 3,588.00 8,004.00
2013-06-30 131,895.00 3,686.00 8,216.00
2013-03-31 131,918.00 3,564.00 8,428.00
2012-12-31 129,350.00 2,853.00 8,576.00
2012-09-30 129,457.00 3,203.00 8,436.00
2012-06-30 126,455.00 3,019.00 8,300.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Skanska has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Skanska used its assets less efficiently than the US Construction industry average last year based on Return on Assets.
  • Skanska's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Skanska's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Skanska has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Skanska's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Skanska's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Skanska is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Skanska's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Skanska's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Skanska Company Filings, last reported 1 month ago.

OTCPK:SKSB.F Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 28,034.00 18,754.00 14,945.00
2018-12-31 29,347.00 11,171.00 10,722.00
2018-09-30 28,034.00 12,569.00 11,166.00
2018-06-30 27,157.00 12,222.00 10,787.00
2018-03-31 28,140.00 10,810.00 12,030.00
2017-12-31 27,185.00 11,323.00 6,998.00
2017-09-30 25,299.00 11,590.00 10,934.00
2017-06-30 24,448.00 11,247.00 12,166.00
2017-03-31 29,021.00 8,925.00 15,656.00
2016-12-31 27,506.00 10,172.00 6,725.00
2016-09-30 21,221.00 10,155.00 13,285.00
2016-06-30 21,938.00 9,825.00 13,446.00
2016-03-31 23,497.00 9,399.00 14,650.00
2015-12-31 24,206.00 10,184.00 13,444.00
2015-09-30 21,440.00 10,616.00 10,215.00
2015-06-30 21,057.00 10,890.00 10,106.00
2015-03-31 22,590.00 10,323.00 12,338.00
2014-12-31 21,405.00 10,661.00 10,485.00
2014-09-30 20,307.00 12,090.00 10,657.00
2014-06-30 19,349.00 11,827.00 8,725.00
2014-03-31 21,333.00 10,610.00 10,226.00
2013-12-31 21,364.00 10,570.00 8,581.00
2013-09-30 20,446.00 11,979.00 9,054.00
2013-06-30 19,438.00 11,922.00 8,819.00
2013-03-31 20,345.00 11,521.00 12,096.00
2012-12-31 19,353.00 10,966.00 7,089.00
2012-09-30 18,395.00 11,835.00 9,058.00
2012-06-30 17,752.00 10,813.00 7,987.00
  • Skanska's level of debt (66.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49.8% vs 66.9% today).
  • Debt is well covered by operating cash flow (50%, greater than 20% of total debt).
  • Skanska earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Skanska's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Skanska has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.73%
Current annual income from Skanska dividends. Estimated to be 4.72% next year.
If you bought $2,000 of Skanska shares you are expected to receive $75 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Skanska's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Skanska's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SKSB.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SKSB.F Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 8.20 1.00
2021-12-31 8.13 4.00
2020-12-31 7.67 6.00
2019-12-31 6.90 5.00
OTCPK:SKSB.F Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-20 6.000 3.561
2018-01-17 8.250 5.163
2017-04-04 8.250 4.363
2016-02-25 7.500 3.873
2015-03-10 6.750 3.933
2014-03-03 6.250 4.035
2013-04-12 6.000 4.918
2012-02-08 6.000 5.561
2011-04-05 5.750 5.411
2010-03-01 5.250 4.218
2010-02-05 5.250 4.464

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Skanska has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Skanska only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Skanska's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Skanska's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Skanska afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Skanska has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Skanska's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anders Danielsson
COMPENSATION SEK17,340,500
AGE 52
TENURE AS CEO 1.3 years
CEO Bio

Mr. Anders Danielsson has been Chief Executive Officer and President of Skanska, AB since January 1, 2018. Mr. Danielsson has been an Executive Vice President of Skanska Sverige AB since November 8, 2013 and served as its President of Skanska Norway from April 2012 to November 8, 2013. He was Executive Vice President of Skanska AB (publ) since November 8, 2013 to January 1, 2018. Mr. Danielsson served as the President of Skanska Sweden at Skanska AB from August 2008 to April 2, 2012 and also served as its Chief Executive Officer of Skanska Sweden. He served as Vice Chief Executive Officer of Skanska Sweden since 2003. He served as an Executive Vice President and a Member of the business unit's management team at Skanska. He joined Skanska in 1991 and held a variety of positions at Skanska Sweden. Mr. Danielsson holds an M.Sc. in Engineering from Royal Institute of Technology, Stockholm and an Advanced Management Program from Harvard, Boston MA, USA.

CEO Compensation
  • Insufficient data for Anders to compare compensation growth.
  • Anders's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Skanska management team in years:

2.8
Average Tenure
52
Average Age
  • The tenure for the Skanska management team is about average.
Management Team

Anders Danielsson

TITLE
President & CEO
COMPENSATION
SEK17M
AGE
52
TENURE
1.3 yrs

Magnus Persson

TITLE
CFO & Executive VP
AGE
42
TENURE
1.3 yrs

André Löfgren

TITLE
Senior Vice President of Investor Relations
TENURE
3.3 yrs

Anders Göransson

TITLE
Senior Vice President of Internal Audit & Compliance
TENURE
5.4 yrs

Caroline Fellenius-Omnell

TITLE
Executive VP & General Counsel
AGE
50
TENURE
2.3 yrs

Jacob Birkeland

TITLE
Head of Media Relations

Kirsi Mettälä

TITLE
Executive Vice President of Human Resources
AGE
55
TENURE
1.3 yrs

Claes Larsson

TITLE
Executive Vice President
AGE
53
TENURE
12.8 yrs

Jonas Spangenberg

TITLE
President of Boklok Housing

Pontus Winqvist

TITLE
Chief Financial Officer for Skanska Infrastructure Development
TENURE
5.5 yrs
Board of Directors Tenure

Average tenure and age of the Skanska board of directors in years:

3.6
Average Tenure
57.5
Average Age
  • The tenure for the Skanska board of directors is about average.
Board of Directors

Hans Biörck

TITLE
Chairman of the Board
COMPENSATION
SEK3M
AGE
67
TENURE
3.1 yrs

Richard Hörstedt

TITLE
Employee Representative Director
AGE
55
TENURE
12.3 yrs

Charlotte Strömberg

TITLE
Independent Director
COMPENSATION
SEK1M
AGE
59
TENURE
9.3 yrs

Fredrik Lundberg

TITLE
Independent Director
COMPENSATION
SEK885K
AGE
67
TENURE
8.1 yrs

Pär Boman

TITLE
Independent Director
COMPENSATION
SEK1M
AGE
57
TENURE
4.1 yrs

Jayne McGivern

TITLE
Independent Director
COMPENSATION
SEK990K
AGE
58
TENURE
4.1 yrs

Cathy Marcus

TITLE
Director
COMPENSATION
SEK885K
AGE
53
TENURE
2.1 yrs

Yvonne Stenman

TITLE
Employee Representative Director
AGE
59
TENURE
1.1 yrs

Ola Fält

TITLE
Employee Representative Director
AGE
52
TENURE
1.1 yrs

Jan Gurander

TITLE
Director
AGE
57
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Skanska insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Buy Ola Fält Individual 10. May 19 11. May 19 25 $16.79 $417
14. May 19 Buy Kirsi Mettälä Individual 10. May 19 11. May 19 433 $16.79 $7,198
14. May 19 Buy Anders Rättgård Individual 10. May 19 11. May 19 38 $16.79 $634
14. May 19 Buy Pär-Olow Johansson Individual 10. May 19 10. May 19 14 $16.79 $235
14. May 19 Buy Magnus Persson Individual 10. May 19 11. May 19 451 $16.79 $7,501
14. May 19 Buy Caroline Fellenius-Omnell Individual 10. May 19 10. May 19 214 $16.79 $3,593
14. May 19 Buy Richard Kennedy Individual 10. May 19 11. May 19 944 $16.79 $15,752
14. May 19 Buy Anders Danielsson Individual 10. May 19 10. May 19 596 $16.79 $10,007
14. May 19 Buy Claes Larsson Individual 10. May 19 10. May 19 315 $16.79 $5,289
15. Apr 19 Buy Ola Fält Individual 12. Apr 19 12. Apr 19 12 $19.09 $229
15. Apr 19 Buy Kirsi Mettälä Individual 11. Apr 19 12. Apr 19 865 $19.09 $16,339
15. Apr 19 Buy Anders Rättgård Individual 11. Apr 19 12. Apr 19 87 $19.09 $1,639
15. Apr 19 Buy Pär-Olow Johansson Individual 11. Apr 19 12. Apr 19 26 $19.09 $492
15. Apr 19 Buy Magnus Persson Individual 11. Apr 19 12. Apr 19 841 $19.09 $15,886
15. Apr 19 Buy Caroline Fellenius-Omnell Individual 11. Apr 19 11. Apr 19 361 $18.79 $6,783
15. Apr 19 Buy Richard Kennedy Individual 12. Apr 19 12. Apr 19 2,709 $19.09 $51,714
15. Apr 19 Buy Anders Danielsson Individual 11. Apr 19 11. Apr 19 999 $18.79 $18,770
15. Apr 19 Buy Claes Larsson Individual 11. Apr 19 11. Apr 19 383 $18.79 $7,196
15. Mar 19 Buy Ola Fält Individual 12. Mar 19 12. Mar 19 13 $17.81 $232
15. Mar 19 Buy Kirsi Mettälä Individual 12. Mar 19 12. Mar 19 144 $17.81 $2,565
15. Mar 19 Buy Anders Rättgård Individual 12. Mar 19 12. Mar 19 22 $17.81 $392
15. Mar 19 Buy Pär-Olow Johansson Individual 12. Mar 19 12. Mar 19 14 $17.81 $249
15. Mar 19 Buy Magnus Persson Individual 12. Mar 19 12. Mar 19 175 $17.81 $3,117
15. Mar 19 Buy Caroline Fellenius-Omnell Individual 12. Mar 19 12. Mar 19 207 $17.81 $3,687
15. Mar 19 Buy Richard Kennedy Individual 12. Mar 19 12. Mar 19 356 $17.81 $6,342
15. Mar 19 Buy Anders Danielsson Individual 12. Mar 19 12. Mar 19 577 $17.81 $10,278
15. Mar 19 Buy Claes Larsson Individual 12. Mar 19 12. Mar 19 305 $17.81 $5,433
13. Mar 19 Buy Ola Fält Individual 11. Mar 19 11. Mar 19 11 $17.70 $195
13. Mar 19 Buy Kirsi Mettälä Individual 11. Mar 19 11. Mar 19 268 $17.70 $4,744
13. Mar 19 Buy Anders Rättgård Individual 11. Mar 19 11. Mar 19 15 $17.70 $266
13. Mar 19 Buy Pär-Olow Johansson Individual 11. Mar 19 11. Mar 19 12 $17.70 $212
13. Mar 19 Buy Magnus Persson Individual 11. Mar 19 11. Mar 19 261 $17.70 $4,620
13. Mar 19 Buy Richard Kennedy Individual 11. Mar 19 11. Mar 19 48 $17.70 $850
13. Mar 19 Buy Anders Danielsson Individual 11. Mar 19 11. Mar 19 1,146 $17.70 $20,286
13. Mar 19 Buy Claes Larsson Individual 11. Mar 19 11. Mar 19 1,465 $17.70 $25,933
15. Feb 19 Buy Kirsi Mettälä Individual 11. Jan 19 11. Feb 19 545 $17.24 $9,343
15. Feb 19 Buy Anders Rättgård Individual 11. Jan 19 11. Feb 19 34 $17.24 $583
15. Feb 19 Buy Pär-Olow Johansson Individual 11. Feb 19 11. Feb 19 24 $17.07 $410
15. Feb 19 Buy Magnus Persson Individual 11. Feb 19 11. Feb 19 489 $17.07 $8,346
15. Feb 19 Buy Richard Kennedy Individual 11. Jan 19 11. Feb 19 102 $17.24 $1,744
15. Feb 19 Buy Anders Danielsson Individual 11. Feb 19 11. Feb 19 2,486 $17.07 $42,430
15. Feb 19 Buy Claes Larsson Individual 11. Feb 19 11. Feb 19 3,281 $17.07 $55,998
13. Feb 19 Buy Kirsi Mettälä Individual 12. Feb 19 12. Feb 19 150 $17.10 $2,564
13. Feb 19 Buy Anders Rättgård Individual 12. Feb 19 12. Feb 19 23 $17.10 $393
13. Feb 19 Buy Pär-Olow Johansson Individual 12. Feb 19 12. Feb 19 15 $17.10 $256
13. Feb 19 Buy Magnus Persson Individual 12. Feb 19 12. Feb 19 184 $17.10 $3,146
13. Feb 19 Buy Caroline Fellenius-Omnell Individual 12. Feb 19 12. Feb 19 218 $17.10 $3,727
13. Feb 19 Buy Richard Kennedy Individual 12. Feb 19 12. Feb 19 368 $17.10 $6,291
13. Feb 19 Buy Anders Danielsson Individual 12. Feb 19 12. Feb 19 608 $17.10 $10,395
13. Feb 19 Buy Claes Larsson Individual 12. Feb 19 12. Feb 19 321 $17.10 $5,488
15. Jan 19 Buy Kirsi Mettälä Individual 11. Jan 19 11. Jan 19 152 $17.04 $2,590
15. Jan 19 Buy Anders Rättgård Individual 11. Jan 19 11. Jan 19 20 $17.04 $341
15. Jan 19 Buy Pär-Olow Johansson Individual 11. Jan 19 11. Jan 19 15 $17.04 $256
15. Jan 19 Buy Magnus Persson Individual 11. Jan 19 11. Jan 19 175 $17.04 $2,981
15. Jan 19 Buy Caroline Fellenius-Omnell Individual 11. Jan 19 11. Jan 19 216 $17.04 $3,680
15. Jan 19 Buy Richard Kennedy Individual 11. Jan 19 11. Jan 19 368 $17.04 $6,269
15. Jan 19 Buy Anders Danielsson Individual 11. Jan 19 11. Jan 19 575 $17.04 $9,796
15. Jan 19 Buy Claes Larsson Individual 11. Jan 19 11. Jan 19 318 $17.04 $5,418
13. Dec 18 Buy Kirsi Mettälä Individual 10. Dec 18 11. Dec 18 398 $15.07 $5,945
13. Dec 18 Buy Anders Rättgård Individual 10. Dec 18 11. Dec 18 38 $15.07 $569
13. Dec 18 Buy Pär-Olow Johansson Individual 10. Dec 18 11. Dec 18 29 $15.07 $434
13. Dec 18 Buy Magnus Persson Individual 10. Dec 18 11. Dec 18 379 $15.07 $5,668
13. Dec 18 Buy Caroline Fellenius-Omnell Individual 11. Dec 18 11. Dec 18 240 $15.07 $3,616
13. Dec 18 Buy Richard Kennedy Individual 10. Dec 18 11. Dec 18 639 $15.07 $9,622
13. Dec 18 Buy Anders Danielsson Individual 10. Dec 18 11. Dec 18 1,779 $15.07 $26,546
13. Dec 18 Buy Claes Larsson Individual 10. Dec 18 11. Dec 18 1,911 $15.07 $28,442
14. Nov 18 Buy Kirsi Mettälä Individual 10. Nov 18 13. Nov 18 392 $16.30 $6,378
14. Nov 18 Buy Anders Rättgård Individual 10. Nov 18 13. Nov 18 36 $16.30 $586
14. Nov 18 Buy Pär-Olow Johansson Individual 10. Nov 18 13. Nov 18 40 $16.30 $651
14. Nov 18 Buy Magnus Persson Individual 10. Nov 18 13. Nov 18 557 $16.30 $9,061
14. Nov 18 Buy Caroline Fellenius-Omnell Individual 13. Nov 18 13. Nov 18 223 $16.30 $3,634
14. Nov 18 Buy Richard Kennedy Individual 10. Nov 18 13. Nov 18 425 $16.30 $6,924
14. Nov 18 Buy Anders Danielsson Individual 10. Nov 18 13. Nov 18 2,909 $16.30 $47,308
14. Nov 18 Buy Claes Larsson Individual 10. Nov 18 13. Nov 18 3,491 $16.30 $56,756
15. Oct 18 Buy Kirsi Mettälä Individual 12. Oct 18 12. Oct 18 219 $18.57 $4,067
15. Oct 18 Buy Anders Rättgård Individual 12. Oct 18 12. Oct 18 15 $18.57 $279
12. Sep 18 Buy Kirsi Mettälä Individual 10. Sep 18 11. Sep 18 373 $18.88 $7,029
12. Sep 18 Buy Anders Rättgård Individual 10. Sep 18 11. Sep 18 34 $18.88 $640
12. Sep 18 Buy Pär-Olow Johansson Individual 10. Sep 18 11. Sep 18 24 $18.88 $452
12. Sep 18 Buy Magnus Persson Individual 10. Sep 18 11. Sep 18 338 $18.88 $6,367
12. Sep 18 Buy Caroline Fellenius-Omnell Individual 10. Sep 18 10. Sep 18 193 $18.86 $3,640
12. Sep 18 Buy Richard Kennedy Individual 10. Sep 18 11. Sep 18 364 $18.88 $6,842
12. Sep 18 Buy Anders Danielsson Individual 10. Sep 18 11. Sep 18 1,633 $18.88 $30,784
12. Sep 18 Buy Claes Larsson Individual 10. Sep 18 11. Sep 18 1,619 $18.88 $30,541
14. Aug 18 Buy Kirsi Mettälä Individual 10. Aug 18 10. Aug 18 352 $18.43 $6,473
14. Aug 18 Buy Anders Rättgård Individual 10. Aug 18 10. Aug 18 33 $18.43 $606
14. Aug 18 Buy Pär-Olow Johansson Individual 10. Aug 18 10. Aug 18 35 $18.43 $644
14. Aug 18 Buy Magnus Persson Individual 10. Aug 18 10. Aug 18 498 $18.43 $9,162
14. Aug 18 Buy Caroline Fellenius-Omnell Individual 10. Aug 18 10. Aug 18 197 $18.33 $3,610
14. Aug 18 Buy Richard Kennedy Individual 10. Aug 18 10. Aug 18 355 $18.43 $6,508
14. Aug 18 Buy Anders Danielsson Individual 10. Aug 18 10. Aug 18 2,607 $18.43 $47,996
14. Aug 18 Buy Claes Larsson Individual 10. Aug 18 10. Aug 18 3,136 $18.43 $57,771
13. Jul 18 Buy Kirsi Mettälä Individual 11. Jul 18 11. Jul 18 145 $18.31 $2,655
13. Jul 18 Buy Anders Rättgård Individual 11. Jul 18 11. Jul 18 19 $18.31 $348
13. Jul 18 Buy Pär-Olow Johansson Individual 11. Jul 18 11. Jul 18 14 $18.31 $256
13. Jul 18 Buy Magnus Persson Individual 11. Jul 18 11. Jul 18 165 $18.31 $3,021
13. Jul 18 Buy Caroline Fellenius-Omnell Individual 11. Jul 18 11. Jul 18 205 $18.31 $3,753
13. Jul 18 Buy Richard Kennedy Individual 11. Jul 18 11. Jul 18 341 $18.31 $6,243
13. Jul 18 Buy Anders Danielsson Individual 11. Jul 18 11. Jul 18 544 $18.31 $9,959
13. Jul 18 Buy Claes Larsson Individual 11. Jul 18 11. Jul 18 301 $18.31 $5,510
12. Jul 18 Buy Kirsi Mettälä Individual 10. Jul 18 10. Jul 18 217 $18.28 $3,967
12. Jul 18 Buy Anders Rättgård Individual 10. Jul 18 10. Jul 18 15 $18.28 $274
12. Jul 18 Buy Richard Kennedy Individual 10. Jul 18 10. Jul 18 18 $18.28 $329
13. Jun 18 Buy Kirsi Mettälä Individual 12. Jun 18 12. Jun 18 147 $18.45 $2,712
13. Jun 18 Buy Anders Rättgård Individual 12. Jun 18 12. Jun 18 19 $18.45 $350
13. Jun 18 Buy Pär-Olow Johansson Individual 12. Jun 18 12. Jun 18 14 $18.45 $258
13. Jun 18 Buy Magnus Persson Individual 12. Jun 18 12. Jun 18 167 $18.45 $3,081
13. Jun 18 Buy Caroline Fellenius-Omnell Individual 12. Jun 18 12. Jun 18 207 $18.45 $3,818
13. Jun 18 Buy Richard Kennedy Individual 12. Jun 18 12. Jun 18 2,042 $18.45 $37,668
13. Jun 18 Buy Anders Danielsson Individual 12. Jun 18 12. Jun 18 551 $18.45 $10,164
13. Jun 18 Buy Claes Larsson Individual 12. Jun 18 12. Jun 18 305 $18.45 $5,626
X
Management checks
We assess Skanska's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Skanska has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Skanska AB (publ), a construction and project development company, develops and constructs commercial properties, and residential and public private partnerships projects in the Nordic region, Europe, and the United States. It operates through Construction, Residential Development, Commercial Property Development, and Infrastructure Development segments. The Construction segment builds and renovates buildings, industrial facilities, infrastructures, and residential projects; and executes service-related assignments, such as construction services, facility operations, and maintenance services. The Residential Development segment develops residential projects, including single and multi-family housing. The Commercial Property Development segment initiates, invests in, develops, leases, and divests commercial property projects. The Infrastructure Development segment identifies, develops, and invests in privately financed infrastructure projects, such as highways, hospitals, and airports. Skanska AB (publ) was founded in 1887 and is headquartered in Stockholm, Sweden.

Details
Name: Skanska AB (publ)
SKSB.F
Exchange: OTCPK
Founded: 1887
SEK6,836,423,384
410,265,406
Website: http://www.skanska.com
Address: Skanska AB (publ)
Warfvinges väg 25,
Stockholm,
Stockholm County, 112 74,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SKA B Series B Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
OTCPK SKSB.F Series B Shares Pink Sheets LLC US USD 02. Jan 1992
DB SKNB Series B Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0HBT Series B Shares London Stock Exchange GB SEK 02. Jan 1992
SEP SKAB Series B Shares The Stock Exchange Prague Co. Ltd. CZ CZK 02. Jan 1992
BATS-CHIXE SKABS Series B Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1992
OTCPK SKBS.Y SPONSORED ADR Pink Sheets LLC US USD 22. Oct 2008
Number of employees
Current staff
Staff numbers
35,886
Skanska employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 04:37
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.