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Sweco AB (SE:SWEC.B)
:SWEC.B

Sweco AB (SWEC.B) AI Stock Analysis

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SE:SWEC.B

Sweco AB

(SWEC.B)

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Neutral 66 (OpenAI - 4o)
Rating:66Neutral
Price Target:
kr171.00
▲(15.31% 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 (SWEC.B) vs. iShares MSCI Sweden ETF (EWD)

Sweco AB Business Overview & Revenue Model

Company DescriptionSweco AB (publ) provides consulting services in engineering, environmental technology, and architecture fields worldwide. The company undertakes provides energy analysis and environmental certification, design of electrical, telecom and security systems, fire safety engineering and risk analysis, HVAC and sanitation, steel, timber, and glass structures design, building construction and industrial structures design, construction economics, urban planning, project and design management, property development, site supervision, systems development and big data, data coordination and BIM, 3D visualization and geographical analyses, and strategy and operational support. It also provides water and wastewater engineering services, water resource planning, urban water management, design of flood protection structures, waste management planning and advice, environmental studies and services, energy production studies, transmission and distribution planning, energy market analysis and optimization advice, process engineering services, plant design, and logistics planning and project management. In addition, the company offers road and land use planning, rock excavation design and geotechnical engineering, bridge design, port master planning, surveying, tracks, electricity, signalling, telecoms, operation and maintenance, capacity, accessibility, and strategic planning, and intelligent transportation systems. Additionally, the company offers electricity and automation, fire engineering and risk analysis, design for electrical, telecom, and security systems, environment, and energy; project management; and general, landscape, and interior architecture. Sweco AB (publ) is headquartered in Stockholm, Sweden.
How the Company Makes MoneySweco 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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue31.14B30.68B28.52B24.30B21.79B20.86B
Gross Profit19.33B3.03B2.42B2.18B1.99B1.76B
EBITDA4.61B4.45B3.80B3.37B3.08B2.76B
Net Income2.16B2.07B1.67B1.65B1.49B1.29B
Balance Sheet
Total Assets28.80B28.30B25.51B21.92B19.66B19.95B
Cash, Cash Equivalents and Short-Term Investments651.00M1.65B1.10B850.00M896.00M2.09B
Total Debt7.17B6.78B6.64B4.44B4.42B5.87B
Total Liabilities16.82B16.37B14.92B11.97B11.05B12.39B
Stockholders Equity11.97B11.92B10.59B9.94B8.59B7.55B
Cash Flow
Free Cash Flow3.30B3.69B2.15B2.19B1.96B3.02B
Operating Cash Flow3.72B4.06B2.50B2.52B2.20B3.25B
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 Price148.30
Price Trends
50DMA
158.59
Negative
100DMA
159.25
Negative
200DMA
162.46
Negative
Market Momentum
MACD
-2.89
Positive
RSI
40.03
Neutral
STOCH
48.79
Neutral
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 148.3 is below the 20-day moving average (MA) of 152.73, below the 50-day MA of 158.59, and below the 200-day MA of 162.46, indicating a bearish trend. The MACD of -2.89 indicates Positive momentum. The RSI at 40.03 is Neutral, neither overbought nor oversold. The STOCH value of 48.79 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
kr20.46B14.1820.30%4.17%5.68%27.52%
70
Outperform
kr26.47B15.7010.55%3.26%-4.93%10.91%
69
Neutral
kr17.52B19.006.97%4.09%-3.73%-22.34%
67
Neutral
kr110.29B17.8410.45%3.18%6.02%26.26%
66
Neutral
kr53.79B24.8718.65%2.20%2.79%14.00%
62
Neutral
kr18.59B16.014.22%-4.21%10.63%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:SWEC.B
Sweco AB
149.20
-5.22
-3.38%
SE:NCC.B
NCC AB
230.00
84.93
58.55%
SE:PEAB.B
Peab AB
89.75
18.08
25.22%
SE:SKA.B
Skanska AB
268.00
52.00
24.07%
SE:AFRY
AFRY AB Class B
155.70
9.20
6.28%
SE:BRAV
Bravida Holding AB
90.90
12.64
16.15%

Sweco AB Corporate Events

Sweco Secures SEK 600 Million Framework Agreement with Vattenfall
Dec 16, 2025

Sweco has secured a new three-year framework agreement with Vattenfall, Sweden’s largest electricity provider, valued at approximately SEK 600 million. This collaboration will involve Sweco providing technical consulting services in various energy sectors, supporting Vattenfall’s goal of achieving net zero emissions by 2040 and contributing to Sweden’s green energy transition.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK171.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco AB Appoints New Business Area President for Sweden
Dec 3, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK171.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco to Enhance Ukraine’s Waste Management and Infrastructure
Dec 2, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK171.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco Secures Framework Agreements with Sida for Sustainable Development
Nov 27, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK183.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco Secures Framework Agreement with Norway’s Largest Public Transport Provider
Nov 19, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK183.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco AB Reports Strong Q3 2025 Results Amid Strategic Expansion
Oct 29, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK167.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco Secures Framework Agreement for Dutch Infrastructure Renewal
Oct 23, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK167.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco Secures Contract for Major Reservoir Project in Poland
Oct 22, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK167.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco Expands in Belgium with Acquisition of Assar Architects
Oct 16, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK167.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

Sweco Expands Expertise with Fimpec Acquisition
Oct 7, 2025

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.

The most recent analyst rating on ($SE:SWEC.B) stock is a Hold with a SEK167.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.

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.Date of analysis: Nov 27, 2025