Skanska AB (SE:SKA.B)
:SKA.B
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Skanska AB
(SKA.B)
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Rating:68Neutral
Price Target:
kr264.00
▲(10.28% Upside)
Action:ReiteratedDate:02/08/26
The score is driven mainly by solid financial footing (conservative leverage and sizable equity) but moderated by thin margins and notably volatile cash generation (sharp 2025 free-cash-flow decline). Technicals add support given the positive trend (price above major moving averages) with neutral-to-positive momentum, while valuation is only average (P/E ~19.7 with a ~2.94% yield).
Positive Factors
Conservative balance sheet
Low leverage and sizable equity provide durable financial flexibility for bidding on large projects, absorbing short-term working-capital swings, and funding development investments without immediate refinancing. This resilience supports operations through construction cycles over months.
Negative Factors
Thin profitability margins
Net margins around 3% leave limited buffer for cost overruns, contract claims, or input-cost inflation. In fixed-price contracting, small execution issues can materially erode corporate profits, increasing project-level risk and pressuring medium-term profitability sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and sizable equity provide durable financial flexibility for bidding on large projects, absorbing short-term working-capital swings, and funding development investments without immediate refinancing. This resilience supports operations through construction cycles over months.
Read all positive factors
Skanska AB (SKA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr98.52B
Dividend Yield3.18%
Average Volume (3M)675.64K
Price to Earnings (P/E)18.3
Beta (1Y)0.83
Revenue Growth6.02%
EPS Growth26.26%
CountrySE
Employees25,929
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)5.94
Shares Outstanding400,384,950
10 Day Avg. Volume953,728
30 Day Avg. Volume675,645
Financial Highlights & Ratios
PEG Ratio7.96
Price to Book (P/B)1.69
Price to Sales (P/S)0.59
P/FCF Ratio25.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr285.00Price Target Upside19.05% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)17.28
Revenue Forecast (FY)kr181.86B
Skanska AB Business Overview & Revenue Model
Company Description
Skanska AB (publ) operates as a construction and project development company in the Nordic region, Europe, and the United States. It operates through three segments: Construction, Residential Development, and Commercial Property Development. The C...
How the Company Makes Money
Skanska primarily makes money through (1) construction contracting revenue and (2) profit from development activities. In Construction, it earns revenue by executing building and civil infrastructure projects under customer contracts (typically fo...
Skanska AB Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 176.66B | 176.48B | 167.17B | 163.17B | 143.87B |
| Gross Profit | 14.52B | 14.48B | 13.43B | 16.69B | 15.72B |
| EBITDA | 10.18B | 10.35B | 7.50B | 12.41B | 11.31B |
| Net Income | 5.70B | 5.55B | 5.00B | 8.26B | 6.86B |
Balance Sheet | |||||
| Total Assets | 158.29B | 171.21B | 155.19B | 151.59B | 139.04B |
| Cash, Cash Equivalents and Short-Term Investments | 19.01B | 32.20B | 17.91B | 10.01B | 10.95B |
| Total Debt | 15.92B | 20.17B | 17.85B | 14.70B | 15.00B |
| Total Liabilities | 96.34B | 108.59B | 98.84B | 96.34B | 93.24B |
| Stockholders Equity | 61.76B | 62.47B | 56.20B | 55.11B | 45.68B |
Cash Flow | |||||
| Free Cash Flow | 4.10B | 6.44B | 632.00M | -1.78B | 5.51B |
| Operating Cash Flow | 7.23B | 9.11B | 3.21B | 480.00M | 7.44B |
| Investing Cash Flow | -8.72B | -5.77B | 6.00B | 3.92B | -11.37B |
| Financing Cash Flow | -6.20B | -2.84B | -1.25B | -6.24B | -5.05B |
Skanska AB Technical Analysis
Neutral
239.40
Price Trends
249.04
Negative
243.78
Negative
234.96
Positive
Market Momentum
-3.51
Negative
47.23
Neutral
32.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SKA.B, the sentiment is Neutral. The current price of 239.4 is above the 20-day moving average (MA) of 238.90, below the 50-day MA of 249.04, and above the 200-day MA of 234.96, indicating a neutral trend. The MACD of -3.51 indicates Negative momentum. The RSI at 47.23 is Neutral, neither overbought nor oversold. The STOCH value of 32.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SKA.B.
Skanska AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr98.52B | 18.26 | 10.45% | 3.18% | 6.02% | 26.26% | |
65 Neutral | kr47.66B | 20.52 | 18.52% | 2.20% | 2.79% | 14.00% | |
61 Neutral | kr28.52B | 17.86 | 10.55% | 3.26% | -4.93% | 10.91% | |
59 Neutral | kr13.91B | 21.23 | 6.31% | 4.09% | -3.73% | -22.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr18.33B | 151.66 | 1.79% | 4.17% | 5.68% | 27.52% |
* General Sector Average
SE:SKA.B
Skanska AB
239.40
59.93
33.39%
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Skanska AB Corporate Events
Skanska Wins USD 165 Million Texas A&M Biology Facility Contract
Mar 20, 2026
Skanska has secured a USD 165 million (about SEK 1.5 billion) contract from The Texas AM University System to build a new Biology Teaching Research facility in College Station, Texas, reinforcing its presence in the U.S. higher-education construc...
Skanska Wins SEK 440M Contract for Sustainable High School in Halmstad
Mar 18, 2026
Skanska has secured a SEK 440 million contract from Halmstad Municipality to build a new civil engineering high school with an integrated sports hall in Halmstad, Sweden. The 16,000-square-meter facility will host about 590 students and provide bo...
Skanska Wins USD 102 Million Contract for Los Angeles Pedestrian Bridge and Promenade Gateway
Mar 11, 2026
Skanska has secured a USD 102 million contract with the Port of Los Angeles to build the Avalon Pedestrian Bridge and Promenade Gateway in Los Angeles, a project that will be booked in its U.S. order intake for the first quarter of 2026. The schem...
Skanska Wins USD 191 Million U.S. Data Center Contract
Mar 10, 2026
Skanska has secured a USD 191 million contract from an existing client to build a new data center in the USA, a project that will be added to its U.S. order bookings for the first quarter of 2026. The facility will include the building shell as we...
Skanska commits SEK 400M to final phase of sustainable Prague housing project
Mar 9, 2026
Skanska is investing CZK 917 million, about SEK 400 million, in the final phase of its Albatros Kbely residential development in Prague, a move that underlines its strategy of combining large-scale urban projects with sustainable design. The compa...
Skanska to Redevelop Warsaw Industrial Site into PLN 163M Residential Complex
Mar 5, 2026
Skanska has acquired a 3-hectare property on Bokserska Street in Warsaw’s Mokotów district from special purpose company Bokserska 64 for PLN 163 million, about SEK 410 million. The site, currently industrial warehouses and offices, will...
Skanska Wins EUR 28 Million Lab Refurbishment Contract in Helsinki
Feb 27, 2026
Skanska has secured a EUR 28 million refurbishment contract from Helsinki University Properties to modernize laboratory facilities in the B and C wings of a 1960s building in Helsinki. The 9,000-square-meter facility will be upgraded with new buil...
Skanska Sets March 31 Date for 2026 Annual General Meeting in Stockholm
Feb 20, 2026
Skanska AB has convened its Annual General Meeting for March 31, 2026, to be held at Sergel Hub in central Stockholm, with shareholder registration starting an hour before proceedings. The company will also publish post-meeting presentations from ...
Skanska Wins NOK 661 Million Contract for Green Education Hub in Norway
Feb 19, 2026
Skanska has secured a NOK 661 million (about SEK 600 million) contract from Gjerdrum municipality in Norway to build Oppvekstjordet, a comprehensive education and sports complex. The project will be recorded in Skanska’s Nordic order booking...
Skanska Wins USD 320 Million Share of Vincent Thomas Bridge Deck Replacement in Los Angeles
Feb 11, 2026
Skanska, in joint venture with California Engineering Contractors, has secured a major infrastructure contract from the California Department of Transportation to replace the deck of the Vincent Thomas Bridge in Los Angeles. The total contract is ...
Skanska Wins GBP 273 Million London Office Redevelopment for One Appold Street
Feb 10, 2026
Skanska has secured a GBP 273 million (about SEK 3.4 billion) contract from the Broadgate joint venture, owned by British Land and GIC, to overhaul the One Appold Street office building in the City of London. The deal, booked in the first quarter ...
Skanska Wins USD 77 Million School Rebuild Contract in Tampa
Feb 9, 2026
Skanska has secured a USD 77 million (about SEK 720 million) contract from Hillsborough County Public Schools to rebuild Stewart Middle Magnet School in Tampa, Florida, reinforcing its U.S. presence in the educational facilities segment. The proje...
Skanska Wins NOK 363M Byfjordporten Residential Contract in Norway
Jan 30, 2026
Skanska has secured a NOK 363 million (about SEK 330 million) contract from OBOS Block Watne to build the Byfjordporten residential project in Askøy, Norway, adding to its Nordic order bookings for the first quarter of 2026. The development w...
Skanska to Present 2025 Year-End Results via Webcast and Audio Conference
Jan 30, 2026
Skanska AB will publish its Year-end Report 2025 on Friday, February 6 at 07:30 am CET and present the results the same day via a live webcast and audio conference led by President and CEO Anders Danielsson and CFO Pontus Winqvist from the company...
Skanska Adjusts Voting Structure After January Share Conversions
Jan 30, 2026
Skanska AB has announced that 1,370 Class A shares were converted into Class B shares in January 2026 at the request of shareholders, a routine process under its articles of association that reduces the total number of votes in the company to 595,...
Skanska and Entra Launch NOK 1.8 Billion Green Office Redevelopment in Central Oslo
Jan 29, 2026
Skanska, a global construction and project development group, is expanding its footprint in the Nordic commercial real estate market through a new sustainable office development in central Oslo. The company, together with Norwegian property group ...
Skanska Divests Second Equilibrium Office Building in Bucharest for EUR 37 Million
Jan 28, 2026
Skanska has sold Equilibrium 2, the second phase of its Equilibrium office complex in Bucharest, to Magyar Posta Takarék Real Estate Investment Fund for EUR 37 million, with the transaction to be recorded and the property transferred in the f...
Skanska Earns Spot on Fortune’s List of World’s Most Admired Companies
Jan 21, 2026
Skanska has been included in Fortune magazine’s list of the world’s “Most Admired Companies,” a high-profile global recognition of corporate reputation based on an international survey conducted with Korn Ferry. The ranking...
Skanska Wins EUR 50 Million Contract for Second Phase of Turku Hospital in Finland
Jan 21, 2026
Skanska has secured a EUR 50 million (about SEK 540 million) contract from the wellbeing services county of Southwest Finland to deliver the second phase of a hospital project in Turku, which will be booked in its Nordic order intake for the first...
Skanska Wins SEK 500m Contract for High-Voltage Grid Upgrade in Western Stockholm
Jan 20, 2026
Skanska has secured a contract worth about SEK 500 million from Swedish grid operator Svenska kraftnät to expand the electricity network in western Stockholm, a deal that will be recorded in Skanska Sweden’s first-quarter 2026 order boo...
Skanska Invests SEK 1.3 Billion in Mixed-Use Development in Central Stockholm
Jan 16, 2026
Skanska is expanding its presence in central Stockholm with a SEK 1.3 billion investment in the Tegelbruket 4 property on Kungsholmen, acquired from Region Stockholm, to develop a mixed-use neighborhood combining residential, office and commercial...
Skanska Wins EUR 60 Million Contract for Prisma Hypermarket and Housing Project in Espoo
Jan 9, 2026
Skanska has secured a EUR 60 million (about SEK 660 million) contract from HOK-Elanto to build a hybrid complex centered on a Prisma hypermarket in Espoo, Finland, a project that will be added to the company’s Nordic order bookings for the f...
Skanska Sells Copenhagen Residential and Hotel Project to Urban Partners for DKK 608 Million
Jan 7, 2026
Skanska has agreed to divest a mixed-use residential and hotel project on Ørestads Boulevard in Copenhagen to Urban Partners for DKK 608 million (about SEK 890 million), with the deal booked in the fourth quarter of 2025 and property transfer...
Skanska Wins USD 445 Million Roadway Modernization Contract at LAX
Jan 2, 2026
Skanska, through a joint venture with Flatiron, has secured an additional contract worth USD 445 million (about SEK 4.4 billion) for its share of Los Angeles International Airport’s Airfield and Terminal Modernization Program Roadway Improve...
Skanska Wins Additional USD 228 Million Data Center Contract in the U.S.
Jan 2, 2026
Skanska has secured an additional USD 228 million contract from an existing client to build a data center in the United States, lifting the total project value to USD 267 million after an initial USD 39 million early works award. The expanded scop...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.