Want to see SE:SWEC.B full AI Analyst Report?
Top Page
Sweco AB
(SWEC.B)
Select Model
Select Model
Rating:70Outperform
Price Target:
kr144.00
â–˛(8.35% Upside)
Action:Upgraded
Date:07/23/26
The score is driven primarily by strong financial performance—steady revenue expansion, improving profitability, and robust cash generation—tempered by a neutral-to-soft technical backdrop (below longer-term averages) and a valuation that is fair but not inexpensive given the ~21.7 P/E, partly offset by a ~2.83% dividend yield.
Positive Factors
Steady Revenue Expansion
Multi-year revenue expansion and higher TTM revenue indicate sustained demand across Sweco’s consultancy portfolio. This supports a durable base of project activity, even as growth settles into a more mature pace.
Negative Factors
Moderating Growth
Slower recent growth suggests Sweco is moving toward a more mature expansion profile. This may limit the pace of revenue and earnings improvement unless infrastructure, energy and urban-development demand accelerates.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Expansion
Multi-year revenue expansion and higher TTM revenue indicate sustained demand across Sweco’s consultancy portfolio. This supports a durable base of project activity, even as growth settles into a more mature pace.
Read all positive factors
Sweco AB (SWEC.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr45.80B
Dividend Yield2.92%
Average Volume (3M)247.27K
Price to Earnings (P/E)20.1
Beta (1Y)0.93
Revenue Growth5.87%
EPS Growth7.65%
CountrySE
Employees22,000
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)6.32
Shares Outstanding332,251,900
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)6.92
Revenue Forecast (FY)kr33.76B
Sweco AB Business Overview & Revenue Model
Company Description
Sweco AB (publ) provides architecture and engineering consultancy services worldwide. The company operates through Buildings and Urban Areas; Water, Energy, and Industry; Transportation Infrastructure; and Architecture segments. It provides energy...
How the Company Makes Money
Sweco primarily makes money by selling professional consulting services on client projects. Revenue is largely generated from fees billed for staff time and expertise (e.g., hourly or daily rates) and from fixed-price or milestone-based contracts ...
Sweco AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.59B | 31.59B | 30.68B | 28.52B | 24.30B | 21.79B |
| Gross Profit | 18.61B | 3.31B | 3.03B | 2.42B | 2.18B | 1.99B |
| EBITDA | 4.82B | 4.74B | 4.45B | 3.80B | 3.37B | 3.08B |
| Net Income | 2.28B | 2.23B | 2.07B | 1.67B | 1.65B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 29.03B | 29.89B | 28.30B | 25.51B | 21.92B | 19.66B |
| Cash, Cash Equivalents and Short-Term Investments | 663.00M | 1.48B | 1.65B | 1.10B | 850.00M | 896.00M |
| Total Debt | 7.16B | 6.57B | 6.78B | 6.64B | 4.44B | 4.42B |
| Total Liabilities | 16.37B | 17.47B | 16.37B | 14.92B | 11.97B | 11.05B |
| Stockholders Equity | 12.65B | 12.42B | 11.92B | 10.59B | 9.94B | 8.59B |
Cash Flow | ||||||
| Free Cash Flow | 3.48B | 3.59B | 3.69B | 2.15B | 2.19B | 1.96B |
| Operating Cash Flow | 3.93B | 4.01B | 4.06B | 2.50B | 2.52B | 2.20B |
| Investing Cash Flow | -1.55B | -1.50B | -549.00M | -2.04B | -907.00M | -578.00M |
| Financing Cash Flow | -2.37B | -2.58B | -2.94B | -203.00M | -1.69B | -2.84B |
Sweco AB Technical Analysis
Negative
132.90
Price Trends
130.65
Negative
131.93
Negative
138.70
Negative
Market Momentum
-1.82
Positive
42.94
Neutral
30.50
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 132.9 is above the 20-day moving average (MA) of 130.19, above the 50-day MA of 130.65, and below the 200-day MA of 138.70, indicating a bearish trend. The MACD of -1.82 indicates Positive momentum. The RSI at 42.94 is Neutral, neither overbought nor oversold. The STOCH value of 30.50 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | kr45.80B | 20.08 | 18.15% | 2.78% | 5.87% | 7.65% | |
70 Outperform | kr9.90B | 25.58 | 12.77% | 1.29% | 4.03% | 38.99% | |
69 Neutral | kr27.70B | 19.69 | ― | 2.74% | 1.66% | 26.04% | |
68 Neutral | kr111.52B | 16.92 | 10.96% | 3.18% | -5.70% | 6.78% | |
61 Neutral | kr28.17B | 13.05 | 12.81% | 3.32% | 2.19% | 36.51% | |
60 Neutral | kr11.48B | 14.61 | 6.19% | 4.09% | -5.02% | -15.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:SWEC.B
Sweco AB
126.90
-33.21
-20.74%
SE:PEAB.B
Peab AB
95.50
22.11
30.12%
SE:SKA.B
Skanska AB
271.00
44.49
19.64%
SE:AFRY
AFRY AB Class B
102.00
-44.57
-30.41%
SE:INSTAL
Instalco AB
36.84
11.05
42.87%
SE:BRAV
Bravida Holding AB
135.30
44.81
49.52%
Sweco AB Corporate Events
Sweco Names Alex Lane as New Head of UK Operations
Jul 23, 2026
Sweco has appointed Alex Lane as the new Business Area President for Sweco UK, effective 1 October 2026, and he will join the Sweco Group Executive team. Lane brings extensive experience leading complex multidisciplinary teams in sectors such as t...
Sweco Delivers Solid Q2 on Efficiency Gains and Strategic Acquisitions
Jul 17, 2026
Sweco AB reported a solid second quarter of 2026, with net sales rising 9% year-on-year to SEK 8,567 million and EBITA up to SEK 864 million, lifting the margin to 10.1%. Adjusted for calendar effects, EBITA grew 7%, supported by higher average fe...
Sweco lands major Dutch water infrastructure framework to bolster climate resilience
Jul 15, 2026
Sweco has secured a multi-year framework agreement with a Water Board representing four regional water authorities in the southwestern delta of the Netherlands. The authorities oversee flood protection, water levels, water quality and wastewater t...
Sweco Buys German Water Consultancy to Boost Role in Growing Infrastructure Market
Jul 14, 2026
Sweco AB, Europe’s leading architecture and engineering consultancy, is strengthening its position in Germany’s growing water and wastewater market by acquiring STEIN Ingenieure GmbH, a 60-strong engineering firm specialised in sewer r...
Sweco Lands SEK 121 Million Polish Flood Risk Management Contract
Jun 25, 2026
Sweco has secured a SEK 121 million contract with Poland’s national water authority, Polish Waters, to review and update flood risk management plans across six river basin districts between 2026 and 2028, including the Vistula and Oder basin...
Sweco Wins Major Long-Term Contract to Design New Helsingborg Hospital Campus
Jun 17, 2026
Sweco has secured a major contract from Region Skåne to plan and design a new emergency hospital campus in Helsingborg, one of Sweden’s largest healthcare property projects in modern times. Valued at an estimated SEK 225 million through...
Sweco to Bolster Swedish Operations with Acquisition of Sitowise Sverige
Jun 9, 2026
Sweco has agreed to acquire Sitowise Sverige AB, a Swedish building and infrastructure consulting firm with about 250 experts across 15 locations, reinforcing its leading advisory position in the domestic market. Sitowise Sverige generates around ...
Sweco lands SEK 440 million design contract for new Landvetter airport rail link
Jun 4, 2026
Sweco has secured a SEK 440 million contract from the Swedish Transport Administration to provide planning and design consulting services for a new railway section linking Mölndal and Gothenburg’s Landvetter Airport. The four-year assig...
Sweco Buys Finland’s Leading Nuclear Consultant Platom to Bolster European Energy Transition Role
Jun 2, 2026
Sweco has agreed to acquire Platom, Finland’s leading nuclear technical consultancy, in a deal that will make Sweco the top nuclear advisory player in the Finnish market and bolster its capabilities across Europe’s expanding nuclear se...
Sweco Wins SEK 140 Million Norwegian Framework for Flood and Erosion Protection
May 28, 2026
Sweco has secured a framework agreement with Norway’s Water Resources and Energy Directorate to deliver consulting services for flood and erosion protection nationwide, with an estimated order value of SEK 140 million over 2026–2027 an...
Sweco Wins Key Role in Planning Finland’s Strategic Rail Nordica Link
May 22, 2026
Sweco has been appointed by Finland’s Transport Infrastructure Agency to plan Rail Nordica, a new standard‑gauge rail link that will connect northern Finland to the wider European rail network via Sweden, reinforcing cross‑border...
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.