SWEC-B Stock Analysis: Sweco (publ) | ST
Engineering & Construction | ST, Sweden | Market Cap: 45.516m SEK | 12M Return: -19.1% | SE0014960373 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 38.5M
EPS Trend: 93.9%
Qual. Beats: 0
Rev. Trend: 95.9%
Qual. Beats: 0
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.
Sweco AB (publ) is a Stockholm-headquartered architecture and engineering consultancy founded in 1889, operating globally through four reporting segments: Buildings and Urban Areas; Water, Energy, and Industry; Transportation Infrastructure; and Architecture. Its service offering spans energy analysis, environmental certification, fire safety and HVAC engineering, structural design, BIM and digital twin platforms (including its Twinfinity solution), water and wastewater engineering, waste and environmental management, process and plant design, road/rail infrastructure planning, and urban planning and landscape architecture.
As an engineering consultancy classified within the Industrials sector (Diversified Support Services), Sweco follows a typical asset-light, project-based business model, generating revenue primarily from fee-based assignments rather than physical production. Its work is heavily weighted toward public-sector and regulated infrastructure clients across the Nordics and other European markets, with sustainability, energy transition, and digitalization (BIM, GIS, and data-driven design) representing increasingly central themes in its service mix.
- Nordic infrastructure spending accelerates Transportation Infrastructure backlog
- Energy transition projects drive Water, Energy and Industry segment revenue growth
- Acquisition-led expansion strategy targets margin improvement and geographic diversification
| Net Income: 2.28b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 0.78 > 1.0 |
| NWC/Revenue: 3.88% < 20% (prev 5.16%; Δ -1.28% < -1%) |
| CFO/TA 0.14 > 3% & CFO 3.93b > Net Income 2.28b |
| Net Debt (10.1b) to EBITDA (4.82b): 2.09 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (361.1m) vs 12m ago 0.20% < -2% |
| Gross Margin: 12.99% > 18% (prev 28.25%; Δ -15.25% > 0.5%) |
| Asset Turnover: 113.4% > 50% (prev 108.2%; Δ 5.19% > 0%) |
| Interest Coverage Ratio: 14.91 > 6 (EBIT TTM 3.27b / Interest Expense TTM 219.0m) |
| A: 0.04 (Total Current Assets 11.9b - Total Current Liabilities 10.6b) / Total Assets 29.0b |
| B: 0.32 (Retained Earnings 9.19b / Total Assets 29.0b) |
| C: 0.11 (EBIT TTM 3.27b / Avg Total Assets 28.7b) |
| D: 0.77 (Book Value of Equity 12.7b / Total Liabilities 16.4b) |
| Altman-Z'' = 2.89 = A |
As of October 09, 2026, the stock is trading at SEK 126.90 with a total of 259,321 shares traded. Over the past week, the price has changed by -1.93%, over one month by -0.86%, over three months by -2.98% and over the past year by -19.07%.
Current recommended Stop Loss: 120.70 (which is 4.9% or 1.9 ATR below the current price).
Sweco (publ) has no consensus analysts rating.
P/E Trailing = 20.0
P/E Forward = 16.5563
P/S = 1.3968
P/B = 3.7172
P/EG = 4.6087
Revenue TTM = 32.6b SEK
EBIT TTM = 3.27b SEK
EBITDA TTM = 4.82b SEK
Long Term Debt = 1.95b SEK (from longTermDebt, last quarter)
Short Term Debt = 2.53b SEK (from shortTermDebt, last quarter)
Debt = 10.8b SEK (from shortLongTermDebtTotal, last quarter) + Leases 3.60b
Net Debt = 10.1b SEK (calculated: Debt 10.8b - CCE 663.0m)
Enterprise Value = 55.6b SEK (45.5b + Debt 10.8b - CCE 663.0m)
Interest Coverage Ratio = 14.91 (Ebit TTM 3.27b / Interest Expense TTM 219.0m)
EV/FCF = 16.00x (Enterprise Value 55.6b / FCF TTM 3.48b)
FCF Yield = 6.25% (FCF TTM 3.48b / Enterprise Value 55.6b)
FCF Margin = 10.66% (FCF TTM 3.48b / Revenue TTM 32.6b)
Net Margin = 6.99% (Net Income TTM 2.28b / Revenue TTM 32.6b)
Gross Margin = 12.99% ((Revenue TTM 32.6b - Cost of Revenue TTM 28.4b) / Revenue TTM)
Gross Margin QoQ = none% (prev 9.95%)
Tobins Q-Ratio = 1.92 (Enterprise Value 55.6b / Total Assets 29.0b)
Interest Expense / Debt = 2.04% (Interest Expense 219.0m / Debt 10.8b)
Taxrate = 25.46% (778.0m / 3.06b)
NOPAT = 2.43b (EBIT 3.27b * (1 - 25.46%))
Current Ratio = 1.12 (Total Current Assets 11.9b / Total Current Liabilities 10.6b)
Debt / Equity = 0.85 (Debt 10.8b / totalStockholderEquity, last quarter 12.7b)
Debt / EBITDA = 2.09 (Net Debt 10.1b / EBITDA 4.82b)
Debt / FCF = 2.90 (Net Debt 10.1b / FCF TTM 3.48b)
Total Stockholder Equity = 12.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.93% (Net Income 2.28b / Total Assets 29.0b)
RoE = 18.15% (Net Income TTM 2.28b / Total Stockholder Equity 12.6b)
RoCE = 22.51% (EBIT 3.27b / Capital Employed (Equity 12.6b + L.T.Debt 1.95b))
RoIC = 11.99% (NOPAT 2.43b / Invested Capital 20.3b)
WACC = 6.53% (E(45.5b)/V(56.3b) * Re(7.72%) + D(10.8b)/V(56.3b) * Rd(2.04%) * (1-Tc(0.25)))
Discount Rate = 7.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.07 | Cagr: 0.24%
[DCF] Terminal Value 76.57% ; FCFF base≈3.36b ; Y1≈3.63b ; Y5≈4.45b
[DCF] Fair Price = 176.0 (EV 68.2b - Net Debt 10.1b = Equity 58.1b / Shares 330.2m; r=8.35% [WACC [floored]]; 5y FCF grow 9.21% → 2.50% )
EPS Correlation: 93.89 | EPS CAGR: 13.65% | SUE: 0.59 | # QB: 0
Revenue Correlation: 95.89 | Revenue CAGR: 5.28% | SUE: 0.40 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.56 | Chg30d=-4.09% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=7.22 | Chg30d=-0.58% | Revisions=+57% | GrowthEPS=+8.6% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=8.14 | Chg30d=-0.57% | Revisions=+57% | GrowthEPS=+12.7% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +75% (up=9, down=0)