Financials Skanska AB

Equities

SKA B

SE0000113250

Construction & Engineering

Market Closed - Nasdaq Stockholm 11:29:42 2024-04-26 am EDT 5-day change 1st Jan Change
191.2 SEK +2.93% Intraday chart for Skanska AB +1.03% +4.85%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 87,039 86,428 96,563 67,908 74,823 78,428 - -
Enterprise Value (EV) 1 91,956 73,571 81,935 67,908 74,823 66,948 67,354 64,984
P/E ratio 13.7 x 9.34 x 11.8 x 8.86 x 23.1 x 13.4 x 11.8 x 11 x
Yield 2.95% 3.1% 2.99% - - 3.86% 4.27% 4.31%
Capitalization / Revenue 0.49 x 0.54 x 0.65 x 0.42 x 0.48 x 0.48 x 0.46 x 0.44 x
EV / Revenue 0.52 x 0.46 x 0.56 x 0.42 x 0.48 x 0.41 x 0.39 x 0.36 x
EV / EBITDA 8.46 x 4.97 x 6.55 x 5.65 x 12.5 x 7.3 x 6.67 x 6.25 x
EV / FCF 20.1 x 7.51 x 14.6 x - - 11.8 x 13.8 x 11.1 x
FCF Yield 4.99% 13.3% 6.84% - - 8.45% 7.25% 9.04%
Price to Book 2.65 x 2.24 x 2.13 x - - 1.34 x 1.28 x 1.21 x
Nbr of stocks (in thousands) 411,145 412,151 412,308 411,564 410,324 410,190 - -
Reference price 2 211.7 209.7 234.2 165.0 182.4 191.2 191.2 191.2
Announcement Date 2/7/20 2/5/21 2/3/22 2/3/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 176,782 158,606 147,576 161,602 157,052 163,636 170,890 178,665
EBITDA 1 10,871 14,805 12,501 12,011 5,978 9,176 10,101 10,394
EBIT 1 7,828 11,860 9,832 9,297 3,231 6,678 7,572 8,242
Operating Margin 4.43% 7.48% 6.66% 5.75% 2.06% 4.08% 4.43% 4.61%
Earnings before Tax (EBT) 1 7,725 11,624 9,660 9,586 3,832 7,354 8,324 8,681
Net income 1 6,372 9,274 8,188 7,702 3,272 5,906 6,732 7,165
Net margin 3.6% 5.85% 5.55% 4.77% 2.08% 3.61% 3.94% 4.01%
EPS 2 15.46 22.46 19.80 18.62 7.890 14.22 16.21 17.34
Free Cash Flow 1 4,585 9,797 5,602 - - 5,655 4,885 5,878
FCF margin 2.59% 6.18% 3.8% - - 3.46% 2.86% 3.29%
FCF Conversion (EBITDA) 42.18% 66.17% 44.81% - - 61.63% 48.36% 56.55%
FCF Conversion (Net income) 71.96% 105.64% 68.42% - - 95.76% 72.56% 82.04%
Dividend per Share 2 6.250 6.500 7.000 - - 7.382 8.172 8.250
Announcement Date 2/7/20 2/5/21 2/3/22 2/3/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 33,427 44,365 37,811 44,838 38,603 40,350 34,878 39,940 40,348 41,886 37,457 43,119 42,940 43,512 39,958
EBITDA - - - - - - - - 1,526 1,645 - - - - -
EBIT 1 1,542 3,627 1,900 2,397 1,518 3,530 394 1,331 549 957 935.7 1,650 1,648 2,199 1,262
Operating Margin 4.61% 8.18% 5.02% 5.35% 3.93% 8.75% 1.13% 3.33% 1.36% 2.28% 2.5% 3.83% 3.84% 5.05% 3.16%
Earnings before Tax (EBT) 1 1,519 3,562 1,860 2,408 1,587 3,731 540 1,464 700 1,128 987.3 1,787 1,879 2,370 1,337
Net income 1 1,277 3,079 1,495 1,914 1,287 3,006 434 1,229 590 1,019 785.1 1,443 1,521 1,937 1,084
Net margin 3.82% 6.94% 3.95% 4.27% 3.33% 7.45% 1.24% 3.08% 1.46% 2.43% 2.1% 3.35% 3.54% 4.45% 2.71%
EPS 2 3.070 7.450 3.620 4.610 3.100 7.280 1.040 2.960 1.410 2.480 1.897 3.485 3.671 4.676 2.620
Dividend per Share 2 - 7.000 - - - - - - - - - 2.750 - 3.000 -
Announcement Date 10/28/21 2/3/22 5/4/22 7/21/22 10/26/22 2/3/23 5/4/23 7/21/23 11/1/23 2/9/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,917 - - - - - - -
Net Cash position 1 - 12,857 14,628 - - 11,480 11,074 13,444
Leverage (Debt/EBITDA) 0.4523 x - - - - - - -
Free Cash Flow 1 4,585 9,797 5,602 - - 5,655 4,885 5,878
ROE (net income / shareholders' equity) 21.4% 27.8% 20% - - 9.82% 10.6% 10.6%
ROA (Net income/ Total Assets) 5.26% 7.37% 6.19% - - 3.94% 4.39% 3.92%
Assets 1 121,157 125,824 132,336 - - 149,929 153,246 182,747
Book Value Per Share 2 80.00 93.70 110.0 - - 142.0 149.0 158.0
Cash Flow per Share 2 14.60 27.20 17.90 - - 20.50 21.70 24.90
Capex 1 1,453 1,487 1,834 - - 1,969 1,969 2,089
Capex / Sales 0.82% 0.94% 1.24% - - 1.2% 1.15% 1.17%
Announcement Date 2/7/20 2/5/21 2/3/22 2/3/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
191.2 SEK
Average target price
200.8 SEK
Spread / Average Target
+4.99%
Consensus