SKA-B Stock Analysis: Skanska (publ) | ST
Engineering & Construction | ST, Sweden | Market Cap: 114.452m SEK | 12M Return: 3.5% | SE0000113250 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 188M
EPS Trend: 77.3%
Qual. Beats: 0
Rev. Trend: 62.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Skanska AB (publ) is a Sweden-based construction and project development company operating across the Nordics, Europe, and the United States. Founded in 1887 and headquartered in Stockholm, the company runs four business segments: Construction, Residential Development, Commercial Property Development, and Investment Properties.
The Construction segment covers a broad project mix, including social infrastructure (schools, hospitals, judicial buildings), transportation infrastructure (rails, airports, highways, bridges, tunnels), data centers, energy projects, defense facilities, and commercial and multifamily buildings. The Residential Development segment builds single-family and multifamily homes, while Commercial Property Development initiates, develops, leases, and divests offices, life-science facilities, logistics warehouses, and residential rental properties. The Investment Properties segment holds and manages a portfolio of office properties.
The company was originally named Skånska Cementgjuteriet and adopted its current name in December 1983. Skanskas hybrid model-combining fee-based construction services with capital-intensive property development-distinguishes it from pure contractors and means earnings are tied to both project execution margins and the broader real estate cycle, making the business sensitive to interest rates and construction demand.
- US data center and infrastructure backlog expands Construction margins
- Nordic residential sales pressured by elevated mortgage rates
- Commercial property divestments accelerate capital recycling and shareholder returns
| Net Income: 6.63b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.28 > 1.0 |
| NWC/Revenue: 24.20% < 20% (prev 23.85%; Δ 0.34% < -1%) |
| CFO/TA 0.07 > 3% & CFO 11.6b > Net Income 6.63b |
| Net Debt (5.32b) to EBITDA (12.4b): 0.43 < 3 |
| Current Ratio: 1.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (415.8m) vs 12m ago 0.14% < -2% |
| Gross Margin: 8.88% > 18% (prev 8.58%; Δ 0.30% > 0.5%) |
| Asset Turnover: 106.2% > 50% (prev 114.2%; Δ -7.96% > 0%) |
| Interest Coverage Ratio: 19.41 > 6 (EBIT TTM 7.45b / Interest Expense TTM 384.0m) |
| A: 0.25 (Total Current Assets 132b - Total Current Liabilities 89.6b) / Total Assets 166b |
| B: 0.32 (Retained Earnings 52.7b / Total Assets 166b) |
| C: 0.05 (EBIT TTM 7.45b / Avg Total Assets 164b) |
| D: 0.59 (Book Value of Equity 61.5b / Total Liabilities 104b) |
| Altman-Z'' = 3.62 = AA |
| DSRI: 1.14 (Receivables 47.0b/43.9b, Revenue 174b/185b) |
| GMI: 0.97 (GM 8.58% / 8.88%) |
| AQI: 0.94 (AQ_t 0.13 / AQ_t-1 0.14) |
| SGI: 0.94 (Revenue 174b / 185b) |
| TATA: -0.03 (NI 6.63b - CFO 11.6b) / TA 166b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at SEK 258.40 with a total of 918,348 shares traded. Over the past week, the price has changed by -5.66%, over one month by -5.69%, over three months by +1.65% and over the past year by +3.54%.
Current recommended Stop Loss: 248.40 (which is 3.9% or 1.8 ATR below the current price).
Skanska (publ) has no consensus analysts rating.
P/E Trailing = 17.3075
P/E Forward = 16.5837
P/S = 0.6572
P/B = 1.8995
P/EG = 5.8225
Revenue TTM = 174b SEK
EBIT TTM = 7.45b SEK
EBITDA TTM = 12.4b SEK
Long Term Debt = 5.38b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 5.58b SEK (from shortTermDebt, last quarter)
Debt = 21.4b SEK (from shortLongTermDebtTotal, last quarter) + Leases 5.88b
Net Debt = 5.32b SEK (calculated: Debt 21.4b - CCE 16.1b)
Enterprise Value = 120b SEK (114b + Debt 21.4b - CCE 16.1b)
Interest Coverage Ratio = 19.41 (Ebit TTM 7.45b / Interest Expense TTM 384.0m)
EV/FCF = 15.36x (Enterprise Value 120b / FCF TTM 7.80b)
FCF Yield = 6.51% (FCF TTM 7.80b / Enterprise Value 120b)
FCF Margin = 4.48% (FCF TTM 7.80b / Revenue TTM 174b)
Net Margin = 3.81% (Net Income TTM 6.63b / Revenue TTM 174b)
Gross Margin = 8.88% ((Revenue TTM 174b - Cost of Revenue TTM 159b) / Revenue TTM)
Gross Margin QoQ = 9.51% (prev 8.88%)
Tobins Q-Ratio = 0.72 (Enterprise Value 120b / Total Assets 166b)
Interest Expense / Debt = 1.80% (Interest Expense 384.0m / Debt 21.4b)
Taxrate = 21.52% (1.84b / 8.55b)
NOPAT = 5.85b (EBIT 7.45b * (1 - 21.52%))
Current Ratio = 1.47 (Total Current Assets 132b / Total Current Liabilities 89.6b)
Debt / Equity = 0.35 (Debt 21.4b / totalStockholderEquity, last quarter 61.5b)
Debt / EBITDA = 0.43 (Net Debt 5.32b / EBITDA 12.4b)
Debt / FCF = 0.68 (Net Debt 5.32b / FCF TTM 7.80b)
Total Stockholder Equity = 60.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.04% (Net Income 6.63b / Total Assets 166b)
RoE = 10.96% (Net Income TTM 6.63b / Total Stockholder Equity 60.5b)
RoCE = 11.31% (EBIT 7.45b / Capital Employed (Equity 60.5b + L.T.Debt 5.38b))
RoIC = 7.97% (NOPAT 5.85b / Invested Capital 73.4b)
WACC = 6.84% (E(114b)/V(136b) * Re(7.86%) + D(21.4b)/V(136b) * Rd(1.80%) * (1-Tc(0.22)))
Discount Rate = 7.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.62 | Cagr: 0.16%
[DCF] Terminal Value 73.10% ; FCFF base≈9.19b ; Y1≈8.06b ; Y5≈6.51b
[DCF] Fair Price = 251.4 (EV 105b - Net Debt 5.32b = Equity 99.2b / Shares 394.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 77.25 | EPS CAGR: 23.90% | SUE: 0.24 | # QB: 0
Revenue Correlation: 62.70 | Revenue CAGR: 2.77% | SUE: 1.02 | # QB: 1
EPS current Quarter (2026-09-30): EPS=4.66 | Chg30d=-1.13% | Revisions=-17% | Analysts=3
EPS current Year (2026-12-31): EPS=17.12 | Chg30d=+0.42% | Revisions=+67% | GrowthEPS=+13.5% | GrowthRev=+2.1%
EPS next Year (2027-12-31): EPS=18.43 | Chg30d=+0.20% | Revisions=+22% | GrowthEPS=+7.7% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +39% (up=11, down=4)