Sweco AB (SE:SWEC.B)
:SWEC.B
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Sweco AB
(SWEC.B)
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Rating:65Neutral
Price Target:
kr150.00
▲(1.15% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by solid financial performance (steady growth history, improving earnings into 2024, and strong free cash flow), but is meaningfully held back by weak technical signals (price below major moving averages with negative momentum). Valuation is a modest offset, with a moderate dividend yield but a mid-to-high P/E.
Positive Factors
Strong free cash flow generation
Sweco's consistently strong free cash flow and high FCF-to-net-income ratio show durable cash conversion from earnings. Reliable FCF expansion into 2024–2025 supports reinvestment, debt service, and dividends, giving the company financial flexibility through project cycles and funding optionality for capex or M&A.
Negative Factors
Higher leverage in 2025
A noticeable step-up in total debt in 2025 elevates leverage and interest exposure, reducing financial flexibility. If revenue or margins slow, higher debt amplifies downside risk by increasing fixed financing costs and constraining the company's ability to invest or pursue opportunistic M&A without rebuilding balance sheet headroom.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sweco's consistently strong free cash flow and high FCF-to-net-income ratio show durable cash conversion from earnings. Reliable FCF expansion into 2024–2025 supports reinvestment, debt service, and dividends, giving the company financial flexibility through project cycles and funding optionality for capex or M&A.
Read all positive factors
Sweco AB (SWEC.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr47.66B
Dividend Yield2.2%
Average Volume (3M)247.27K
Price to Earnings (P/E)20.5
Beta (1Y)0.71
Revenue Growth2.79%
EPS Growth14.00%
CountrySE
Employees21,022
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.84
Shares Outstanding332,236,270
10 Day Avg. Volume229,049
30 Day Avg. Volume247,272
Financial Highlights & Ratios
PEG Ratio3.35
Price to Book (P/B)4.38
Price to Sales (P/S)1.72
P/FCF Ratio15.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.07
Revenue Forecast (FY)kr33.83B
Sweco AB Business Overview & Revenue Model
Company Description
Sweco 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 s...
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 ...
Sweco AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.59B | 30.68B | 28.52B | 24.30B | 21.79B |
| Gross Profit | 3.31B | 3.03B | 2.42B | 2.18B | 1.99B |
| EBITDA | 4.74B | 4.45B | 3.80B | 3.37B | 3.08B |
| Net Income | 2.23B | 2.07B | 1.67B | 1.65B | 1.49B |
Balance Sheet | |||||
| Total Assets | 29.89B | 28.30B | 25.51B | 21.92B | 19.66B |
| Cash, Cash Equivalents and Short-Term Investments | 1.48B | 1.65B | 1.10B | 850.00M | 896.00M |
| Total Debt | 6.57B | 6.78B | 6.64B | 4.44B | 4.42B |
| Total Liabilities | 17.47B | 16.37B | 14.92B | 11.97B | 11.05B |
| Stockholders Equity | 12.42B | 11.92B | 10.59B | 9.94B | 8.59B |
Cash Flow | |||||
| Free Cash Flow | 3.59B | 3.69B | 2.15B | 2.19B | 1.96B |
| Operating Cash Flow | 4.01B | 4.06B | 2.50B | 2.52B | 2.20B |
| Investing Cash Flow | -1.50B | -549.00M | -2.04B | -907.00M | -578.00M |
| Financing Cash Flow | -2.58B | -2.94B | -203.00M | -1.69B | -2.84B |
Sweco AB Technical Analysis
Negative
148.30
Price Trends
140.42
Negative
147.71
Negative
153.94
Negative
Market Momentum
-2.59
Negative
38.27
Neutral
60.45
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 above the 20-day moving average (MA) of 135.04, above the 50-day MA of 140.42, and below the 200-day MA of 153.94, indicating a bearish trend. The MACD of -2.59 indicates Negative momentum. The RSI at 38.27 is Neutral, neither overbought nor oversold. The STOCH value of 60.45 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
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% | |
57 Neutral | kr20.54B | 14.91 | ― | 4.22% | -4.21% | 10.63% | |
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:SWEC.B
Sweco AB
132.10
-34.96
-20.93%
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Sweco AB Corporate Events
Sweco Delivers Strong 2025 Results and Ramps Up Acquisitions
Feb 11, 2026
Sweco reported a strong finish to 2025, delivering fourth-quarter net sales of SEK 8.55 billion and an EBITA margin of 11.5%, supported by 5% organic growth, higher average fees and improved billing. Profit for the period rose to SEK 662 million, ...
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 ...
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 lead...
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 Reconstruct...
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 agreement...
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, ...
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.