Sweco AB (SE:SWEC.B)
:SWEC.B
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Sweco AB
(SWEC.B)
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Rating:63Neutral
Price Target:
kr140.00
▼(-5.60% Downside)
Action:ReiteratedDate: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
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
kr45.18B
Dividend Yield2.2%
Average Volume (3M)247.27K
Price to Earnings (P/E)24.4
Beta (1Y)0.78
Revenue Growth2.68%
EPS Growth0.49%
CountrySE
Employees21,022
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.63
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)6.89
Revenue Forecast (FY)kr33.91B
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 primarily makes money by selling professional consulting services on a project basis and through longer-term framework agreements. Revenue is generated from fees billed for engineers, architects, and specialists who provide advisory and desi...
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
Positive
148.30
Price Trends
139.64
Positive
146.00
Positive
153.20
Negative
Market Momentum
1.97
Negative
72.16
Negative
94.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SWEC.B, the sentiment is Positive. The current price of 148.3 is above the 20-day moving average (MA) of 136.50, above the 50-day MA of 139.64, and below the 200-day MA of 153.20, indicating a neutral trend. The MACD of 1.97 indicates Negative momentum. The RSI at 72.16 is Negative, neither overbought nor oversold. The STOCH value of 94.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | kr101.65B | 18.26 | 10.45% | 3.18% | 0.10% | 2.25% | |
63 Neutral | kr45.18B | 24.43 | 18.52% | 2.20% | 2.68% | 0.49% | |
61 Neutral | kr26.12B | 7.31 | 10.55% | 3.26% | -4.41% | -43.08% | |
59 Neutral | kr12.63B | 19.30 | 6.31% | 4.09% | -6.24% | -29.72% | |
57 Neutral | kr19.19B | 14.91 | ― | 4.22% | -4.87% | 16.68% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr17.88B | 151.66 | 1.79% | 4.17% | -9.56% | -90.96% |
* General Sector Average
SE:SWEC.B
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Sweco AB Corporate Events
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...
Sweco adjusts share structure as investors convert class A to class B shares
Mar 31, 2026
Sweco AB has adjusted its share structure after shareholders converted 15,634 class A shares into class B shares in March 2026 under the company’s Articles of Association. Following the conversion, Sweco’s total share count stands at 3...
Sweco Releases 2025 Annual Report Emphasising Sustainable Infrastructure and Governance
Mar 26, 2026
Sweco has published its 2025 Annual Report, which compiles its statutory Board of Directors’ report, sustainability statement and financial statements, prepared under the Swedish Annual Accounts Act and CSRD requirements. The report also det...
Sweco calls 2026 AGM and proposes higher dividend with expanded share-based incentives
Mar 18, 2026
Sweco AB has called its Annual General Meeting for April 22, 2026, in Stockholm, setting out a detailed agenda covering board elections, auditor appointments, remuneration reporting and long-term incentive programmes. The board proposes a dividend...
Sweco boosts Belgian footprint with purchase of CONIX RDBM Architects
Mar 4, 2026
Sweco has agreed to acquire Belgian practice CONIX RDBM Architects, adding around 50 specialists in architecture, interior design and master planning with offices in Brussels and Antwerp. The deal, which will see CONIX RDBM’s Belgian activit...
Sweco Leads Design of Landmark Low‑Carbon Research Hub in Antarctica
Feb 25, 2026
Sweco has acted as Principal Designer for the new Discovery Building at the UK’s Rothera Research Station in Antarctica, the largest UK construction project on the continent and part of the Antarctic Infrastructure Modernisation Programme. T...
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, ...
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.