OTCPK:SKSB.F

Stock Analysis Report

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Executive Summary

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.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SKSB.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.5%

SKSB.F

9.7%

US Construction

3.8%

US Market


1 Year Return

25.0%

SKSB.F

-1.1%

US Construction

9.7%

US Market

Return vs Industry: SKSB.F exceeded the US Construction industry which returned -3.8% over the past year.

Return vs Market: SKSB.F exceeded the US Market which returned 9.2% over the past year.


Shareholder returns

SKSB.FIndustryMarket
7 Day1.5%9.7%3.8%
30 Day10.6%21.2%11.4%
90 Day-7.2%1.3%6.8%
1 Year25.0%25.0%-0.4%-1.1%12.1%9.7%
3 Year-15.8%-15.8%1.1%-1.2%36.2%27.2%
5 Year-3.6%-3.6%19.6%15.3%63.7%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

12.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SKSB.F ($20) is trading above our estimate of fair value ($18.68)

Significantly Below Fair Value: SKSB.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SKSB.F is good value based on its PE Ratio (12.8x) compared to the Construction industry average (13.9x).

PE vs Market: SKSB.F is good value based on its PE Ratio (12.8x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: SKSB.F is poor value based on its PEG Ratio (14.1x)


Price to Book Ratio

PB vs Industry: SKSB.F is overvalued based on its PB Ratio (2.3x) compared to the US Construction industry average (1.5x).


Next Steps

Future Growth

How is Skanska forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

0.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKSB.F's forecast earnings growth (0.9% per year) is below the savings rate (2.2%).

Earnings vs Market: SKSB.F's earnings (0.9% per year) are forecast to grow slower than the US market (22.2% per year).

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

Revenue vs Market: SKSB.F's revenue (0.5% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: SKSB.F's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKSB.F's Return on Equity is forecast to be low in 3 years time (13.5%).


Next Steps

Past Performance

How has Skanska performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKSB.F has high quality earnings.

Growing Profit Margin: SKSB.F's current net profit margins (3.6%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: SKSB.F's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: SKSB.F's earnings growth over the past year (21.8%) exceeds its 5-year average (4.4% per year).

Earnings vs Industry: SKSB.F earnings growth over the past year (21.8%) exceeded the Construction industry 15.6%.


Return on Equity

High ROE: SKSB.F's Return on Equity (18.4%) is considered low.


Next Steps

Financial Health

How is Skanska's financial position?


Financial Position Analysis

Short Term Liabilities: SKSB.F's short term assets (SEK106.3B) exceed its short term liabilities (SEK79.0B).

Long Term Liabilities: SKSB.F's short term assets (SEK106.3B) exceed its long term liabilities (SEK17.8B).


Debt to Equity History and Analysis

Debt Level: SKSB.F's debt to equity ratio (25.1%) is considered satisfactory.

Reducing Debt: SKSB.F's debt to equity ratio has reduced from 45.8% to 25.1% over the past 5 years.

Debt Coverage: SKSB.F's debt is well covered by operating cash flow (98.3%).

Interest Coverage: SKSB.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

3.43%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SKSB.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SKSB.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SKSB.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SKSB.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SKSB.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SKSB.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Anders Danielsson (53yo)

2.42yrs

Tenure

kr32,347,000

Compensation

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 at Skanska Sverige AB since November 8, 2013 a ...


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD3.51M) is below average for companies of similar size in the US market ($USD7.24M).

Compensation vs Earnings: Anders's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Anders Danielsson
President & CEO2.42yrskr32.35m0.033% SEK2.9m
Magnus Persson
CFO & Executive VP2.33yrsno data0.0045% SEK394.5k
Andre Lofgren
Senior Vice President of Investor Relations4.33yrsno datano data
Anders Goransson
Senior Vice President of Internal Audit & Compliance6.5yrsno datano data
Caroline Fellenius-Omnell
Executive VP & General Counsel3.42yrsno data0.0019% SEK168.6k
Karolina Cederhage
Senior Vice President of Communications2.42yrsno datano data
Kirsi Mettala
Executive Vice President of Human Resources2.42yrsno data0.0062% SEK545.4k
Claes Larsson
Executive Vice President13.83yrsno data0.049% SEK4.3m
Jonas Spangenberg
President of Boklok Housingno datano datano data
Pontus Winqvist
Chief Financial Officer for Skanska Infrastructure Development6.58yrsno datano data

3.4yrs

Average Tenure

53yo

Average Age

Experienced Management: SKSB.F's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jan Gurander
Independent Director1.25yrskr1.08mno data
Fredrik Lundberg
Independent Director9.17yrskr910.00k0.55% SEK48.4m
Par Boman
Independent Director5.17yrskr1.18m0.00024% SEK21.2k
Hans Biorck
Independent Chairman of the Board4.17yrskr2.59m0.0061% SEK536.6k
Asa Winberg
Director0.25yrno datano data
Richard Hörstedt
Employee Representative Director13.42yrsno datano data
Jayne McGivern
Independent Director5.17yrskr1.02mno data
Catherine Marcus
Independent Director3.17yrskr910.00kno data
Yvonne Stenman
Employee Representative Director2.17yrsno datano data
Ola Fält
Employee Representative Director2.17yrsno data0.00039% SEK34.4k

3.7yrs

Average Tenure

58.5yo

Average Age

Experienced Board: SKSB.F's board of directors are considered experienced (3.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SKSB.F 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

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


Key Information

  • Name: Skanska AB (publ)
  • Ticker: SKSB.F
  • Exchange: OTCPK
  • Founded: 1887
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: kr81.232b
  • Listing Market Cap: kr8.825b
  • Shares outstanding: 411.51m
  • Website: https://www.skanska.com

Number of Employees


Location

  • Skanska AB (publ)
  • Warfvinges väg 25
  • Stockholm
  • Stockholm County
  • 112 74
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SKSB.FOTCPK (Pink Sheets LLC)YesSeries B SharesUSUSDJan 1992
SKA BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKJan 1992
0HBTLSE (London Stock Exchange)YesSeries B SharesGBSEKJan 1992
SKNBDB (Deutsche Boerse AG)YesSeries B SharesDEEURJan 1992
SKABSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKJan 1992
SKABSEP (The Stock Exchange Prague Co. Ltd.)YesSeries B SharesCZCZKJan 1992
SKBS.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 2008

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 02:37
End of Day Share Price2020/06/02 00:00
Earnings2020/03/31
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.