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Sweco AB
(SWEC.B)
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Rating:63Neutral
Price Target:
kr147.00
▼(-0.88% Downside)
Action:Reiterated
Date:04/29/26
The score is primarily supported by solid underlying financial performance (growth, improving margins, and strong ROE) with manageable leverage. However, the overall rating is held back by weak technicals (trading below major moving averages with subdued momentum) and only moderate valuation support (P/E ~20.5 with a ~2.8% yield).
Positive Factors
Multi-year revenue growth
Sustained top-line expansion over multiple years indicates durable demand for Sweco's multidisciplinary consulting services and scale advantages. Growing revenues support cross-selling, larger frameworks and long-term client relationships that stabilize fee income across cycles.
Negative Factors
Recent weakening of free cash flow
A recent decline in FCF reduces financial flexibility and raises the risk that funding for growth, dividends or M&A will be constrained if the trend persists. For a fee-driven consultancy, weaker cash momentum can signal billing, collections or working-capital pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained top-line expansion over multiple years indicates durable demand for Sweco's multidisciplinary consulting services and scale advantages. Growing revenues support cross-selling, larger frameworks and long-term client relationships that stabilize fee income across cycles.
Read all positive factors
Sweco AB (SWEC.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr47.57B
Dividend Yield2.2%
Average Volume (3M)247.27K
Price to Earnings (P/E)21.8
Beta (1Y)0.88
Revenue Growth2.68%
EPS Growth0.49%
CountrySE
Employees22,283
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)6.03
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)6.91
Revenue Forecast (FY)kr33.60B
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
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.85B | 31.59B | 30.68B | 28.52B | 24.30B | 21.79B |
| Gross Profit | 17.88B | 3.31B | 3.03B | 2.42B | 2.18B | 1.99B |
| EBITDA | 4.65B | 4.74B | 4.45B | 3.80B | 3.37B | 3.08B |
| Net Income | 2.17B | 2.23B | 2.07B | 1.67B | 1.65B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 30.47B | 29.89B | 28.30B | 25.51B | 21.92B | 19.66B |
| Cash, Cash Equivalents and Short-Term Investments | 553.00M | 1.48B | 1.65B | 1.10B | 850.00M | 896.00M |
| Total Debt | 6.15B | 6.57B | 6.78B | 6.64B | 4.44B | 4.42B |
| Total Liabilities | 17.28B | 17.47B | 16.37B | 14.92B | 11.97B | 11.05B |
| Stockholders Equity | 13.18B | 12.42B | 11.92B | 10.59B | 9.94B | 8.59B |
Cash Flow | ||||||
| Free Cash Flow | 3.26B | 3.59B | 3.69B | 2.15B | 2.19B | 1.96B |
| Operating Cash Flow | 3.70B | 4.01B | 4.06B | 2.50B | 2.52B | 2.20B |
| Investing Cash Flow | -1.49B | -1.50B | -549.00M | -2.04B | -907.00M | -578.00M |
| Financing Cash Flow | -2.26B | -2.58B | -2.94B | -203.00M | -1.69B | -2.84B |
Sweco AB Technical Analysis
Negative
148.30
Price Trends
130.16
Positive
133.17
Negative
142.04
Negative
Market Momentum
0.40
Negative
50.13
Neutral
42.25
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 130.43, above the 50-day MA of 130.16, and above the 200-day MA of 142.04, indicating a neutral trend. The MACD of 0.40 indicates Negative momentum. The RSI at 50.13 is Neutral, neither overbought nor oversold. The STOCH value of 42.25 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | kr104.36B | 18.16 | 10.45% | 3.18% | -6.15% | -7.78% | |
69 Neutral | kr26.70B | 22.24 | ― | 4.22% | 1.66% | 26.04% | |
64 Neutral | kr26.25B | 15.95 | 10.55% | 3.26% | -3.41% | -23.95% | |
64 Neutral | kr12.13B | 15.39 | 6.31% | 4.09% | -6.24% | -29.72% | |
63 Neutral | kr47.57B | 21.76 | 18.52% | 2.20% | 2.68% | 0.49% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | kr16.26B | 193.94 | 1.79% | 4.17% | -11.18% | -93.98% |
* General Sector Average
SE:SWEC.B
Sweco AB
131.20
-32.32
-19.77%
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Sweco AB Corporate Events
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...
Sweco wins EUR 24m role in Finland’s nationwide digital rail upgrade
May 19, 2026
Sweco AB has secured long-term consulting contracts worth more than EUR 24 million from the Finnish Transport Infrastructure Agency to support the roll-out of the EU-standardised European Rail Traffic Management System across Finland’s rail ...
Sweco flags Europe’s mounting water risks and calls for smarter management
May 5, 2026
Sweco’s latest Urban Insight report highlights that Europe faces three critical water challenges: excessive flooding, water scarcity from drought and insufficient rainfall, and inefficient systems worsened by ageing infrastructure and rising...
Sweco Delivers Stable Q1 in Mixed Market as Acquisitions Bolster Growth
Apr 28, 2026
Sweco reported a stable first quarter of 2026 in a mixed market, delivering net sales of SEK 8.3 billion and an EBITA margin of 10.4%, with organic growth of 3% driven by higher fees and an improved billing ratio. While Sweden, the Netherlands, No...
Sweco AGM backs dividend, renews board and authorises expanded share buybacks
Apr 22, 2026
Sweco AB’s annual general meeting re-elected its eight-member board, confirmed Johan Nordström as chair and Ernst Young as auditor, approved board and auditor fees, and signed off on the 2025 financial statements. Shareholders also bac...
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.