Sweco AB (SWEC.B) AI Stock Analysis

• Market Cap: kr58.66B
• Dividend Yield: 2.12%
• Average Volume (3M): 247.27K
• Price to Earnings (P/E): 27.1
• Beta (1Y): 0.89
• Revenue Growth: 2.79%
• EPS Growth: 14.00%
• Country: SE
• Employees: 21,022
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 1.17
• Shares Outstanding: 332,236,270
• 10 Day Avg. Volume: 229,049
• 30 Day Avg. Volume: 247,272
• PEG Ratio: 1.19
• Price to Book (P/B): 4.98
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 16.08
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: kr171.00 ▲(10.32% Upside)

Sweco AB's overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth and profitability. However, technical analysis indicates a bearish trend, and the valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business model, enhancing long-term sustainability.

Cash Flow Generation

Robust cash flow generation supports strategic initiatives and operational stability, providing financial flexibility.

Balance Sheet Health

A balanced debt-to-equity ratio indicates prudent financial management, enhancing resilience against economic fluctuations.

Negative Factors

Gross Profit Margin Fluctuations

Fluctuating gross profit margins may indicate inefficiencies in cost management, potentially impacting long-term profitability.

Decline in Operating Cash Flow Coverage

A declining operating cash flow coverage ratio could strain financial resources, affecting the company's ability to fund operations.

Debt Increase

Rising debt levels may limit financial flexibility and increase risk, necessitating careful debt management to maintain stability.

Sweco AB Business Overview & Revenue Model

Company Description

Sweco AB is a leading engineering consultancy firm based in Sweden, specializing in a wide array of sectors including infrastructure, environmental, and energy services. The company provides comprehensive solutions in urban planning, civil engineering, architecture, and project management, catering to both public and private clients. Sweco's core offerings encompass advisory services, design, and implementation of projects that enhance sustainability and improve living conditions in urban environments.

How the Company Makes Money

Sweco AB generates revenue primarily through its consulting services, which include engineering, architecture, and environmental assessments. The company earns money by charging fees for its expertise on projects, often structured as hourly rates or fixed-price contracts. Key revenue streams come from long-term contracts with government agencies and private sector clients for large-scale infrastructure projects, as well as smaller, specialized consulting engagements. Additionally, Sweco benefits from partnerships with other firms and organizations that enable collaborative projects, further contributing to its earnings. The company's focus on sustainability and innovation also positions it favorably in securing funding and projects related to green energy and urban development.

Sweco AB Financial Statement Overview

Summary

Sweco AB demonstrates a solid financial foundation with strong profitability and efficient operations. While recent revenue and free cash flow growth have declined, the company maintains healthy profit margins and a balanced leverage position. Continued focus on revenue growth and cash flow improvement will be crucial for sustaining long-term financial health.

Income Statement

Sweco AB's income statement shows a stable financial performance with a consistent EBIT and EBITDA margin around 10% and 14% respectively, indicating efficient operations. However, the TTM revenue growth rate is negative, suggesting a recent decline in sales. Despite this, the company maintains a healthy net profit margin of approximately 6.9% in the TTM period, reflecting good cost management.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.58 in the TTM period, indicating a balanced approach to leveraging. The return on equity is strong at 18%, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.

Cash Flow

Sweco AB's cash flow statement reveals a decline in free cash flow growth by 10.57% in the TTM period, which could be a concern for future liquidity. The operating cash flow to net income ratio is 0.32, indicating that cash generation from operations is lower compared to net income. However, the free cash flow to net income ratio remains robust at 0.88, suggesting that the company still generates significant cash relative to its earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	31.14B	30.68B	28.52B	24.30B	21.79B	20.86B
Gross Profit	19.33B	3.03B	2.42B	2.18B	1.99B	1.76B
EBITDA	4.61B	4.45B	3.80B	3.37B	3.08B	2.76B
Net Income	2.16B	2.07B	1.67B	1.65B	1.49B	1.29B
Balance Sheet
Total Assets	28.80B	28.30B	25.51B	21.92B	19.66B	19.95B
Cash, Cash Equivalents and Short-Term Investments	651.00M	1.65B	1.10B	850.00M	896.00M	2.09B
Total Debt	7.17B	6.78B	6.64B	4.44B	4.42B	5.87B
Total Liabilities	16.82B	16.37B	14.92B	11.97B	11.05B	12.39B
Stockholders Equity	11.97B	11.92B	10.59B	9.94B	8.59B	7.55B
Cash Flow
Free Cash Flow	3.30B	3.69B	2.15B	2.19B	1.96B	3.02B
Operating Cash Flow	3.72B	4.06B	2.50B	2.52B	2.20B	3.25B
Investing Cash Flow	-1.17B	-549.00M	-2.04B	-907.00M	-578.00M	-746.00M
Financing Cash Flow	-2.54B	-2.94B	-203.00M	-1.69B	-2.84B	-1.06B

Sweco AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 155.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SWEC.B, the sentiment is Negative. The current price of 155 is below the 20-day moving average (MA) of 159.35, below the 50-day MA of 160.56, and below the 200-day MA of 164.96, indicating a bearish trend. The MACD of -0.63 indicates Positive momentum. The RSI at 40.84 is Neutral, neither overbought nor oversold. The STOCH value of 17.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SWEC.B.

Sweco AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCC.B	75 Outperform	kr19.04B	13.21	20.30%	4.16%	5.68%	27.52%
PEAB.B	70 Outperform	kr22.03B	13.06	10.55%	3.42%	-4.93%	10.91%
AFRY	69 Neutral	$18.31B	19.86	6.97%	4.02%	-3.73%	-22.34%
SKA.B	67 Neutral	kr106.92B	17.32	10.45%	3.24%	6.02%	26.26%
SWEC.B	66 Neutral	kr58.66B	27.12	18.65%	2.12%	2.79%	14.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BRAV	62 Neutral	kr16.14B	13.90	―	4.36%	-4.21%	10.63%

Sweco AB Corporate Events

Sweco AB Appoints New Business Area President for Sweden

Sweco AB has appointed Fredrik Wallner as the new Business Area President for Sweco Sweden, effective January 1, 2026. Wallner, who has a long-standing career in the built environment sector, will succeed Ann-Louise Lökholm Klasson. This leadership change is expected to further strengthen Sweco’s operations in Sweden, which is the largest business area of the group with over 7,000 employees and annual net sales of SEK 9.1 billion.

Sweco to Enhance Ukraine’s Waste Management and Infrastructure

Sweco has entered into agreements to support Ukraine in rebuilding its critical infrastructure, focusing on wastewater and waste management projects. These initiatives, funded by Swedish and Danish authorities and the European Bank for Reconstruction and Development, aim to enhance Ukraine’s capacity for efficient waste management and restore essential services in Mykolaiv and Rivne. Sweco’s longstanding presence in Ukraine, with over 70 projects in energy, industrial, water, and wastewater sectors, positions it as a key partner in Ukraine’s sustainable development and recovery efforts.

Sweco Secures Framework Agreements with Sida for Sustainable Development

Sweco has secured three framework agreements with the Swedish International Development Cooperation Agency (Sida) to provide consulting services in sustainable transport, responsible mining, renewable energy, and energy efficiency. These agreements, valued at a maximum of 140 million SEK over two years, aim to support sustainable development in low- and middle-income countries and align with Sida’s strategy to improve living conditions for those facing poverty and oppression.

Sweco Secures Framework Agreement with Norway’s Largest Public Transport Provider

Sweco has secured a framework agreement with Sporveien, Norway’s largest public transport provider, to deliver technical and engineering services in rail, construction, and infrastructure. The agreement, valued at NOK 350–500 million, spans two years with potential extensions, and involves projects awarded through mini-competitions among six suppliers. This partnership enhances Sweco’s role in developing Oslo’s public transport infrastructure, providing essential expertise in engineering design and capacity, crucial for future infrastructure projects.

Sweco AB Reports Strong Q3 2025 Results Amid Strategic Expansion

Sweco AB reported strong financial results for the third quarter of 2025, with a 5% increase in net sales and a 19% rise in EBITA, reflecting improved pricing and efficiency gains. The company continues to navigate a mixed market effectively, with robust demand in sectors like energy, infrastructure, and environment, while also expanding through strategic acquisitions and new projects that enhance its market positioning and service offerings.

Sweco Secures Framework Agreement for Dutch Infrastructure Renewal

Sweco has secured a framework agreement with Rijkswaterstaat, the Dutch government agency, to provide engineering services for infrastructure renewal projects in the Netherlands. This agreement, valued at up to EUR 1.7 billion, aims to address climate challenges by modernizing key infrastructure, enhancing safety, resilience, and mobility, and strengthening Sweco’s position in the industry.

Sweco Secures Contract for Major Reservoir Project in Poland

Sweco has been awarded a contract by State Water Holding Polish Waters to design a new reservoir in Poland, aimed at enhancing climate resilience in water management following severe flooding caused by Storm Boris. The Kamieniec Ząbkowicki reservoir, with a capacity of 104 million m³, is part of a government initiative to bolster infrastructure against extreme weather, with Sweco’s order valued at EUR 14.6 million.

Sweco Expands in Belgium with Acquisition of Assar Architects

Sweco has acquired assar architects, a prominent architectural firm in Belgium and Luxembourg, to expand its architecture offerings in these regions. This acquisition, which adds approximately 150 experts to Sweco, aligns with the company’s strategy to grow through acquisitions and organic growth, further solidifying its market position in Belgium as it supports the sustainable urban development goals of the EU.

Sweco Expands Expertise with Fimpec Acquisition

Sweco AB has announced its acquisition of Fimpec Group, a Finnish consulting and project management company specializing in the green transition of energy and industry sectors. This acquisition, pending approval by the Finnish Competition and Consumer Authority, will add around 400 experts to Sweco’s team, enhancing its capabilities in renewable energy, hydrogen, bio- and circular economy, and critical minerals. The move aligns with Sweco’s strategy to grow its business by integrating complementary skills and strengthens its position in emerging high-growth sectors, supporting complex investment projects in the battery value chain, critical minerals, and industrial decarbonization.