Skanska AB Sponsored ADR Class B (SKBSY)
OTHER OTC:SKBSY
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Skanska AB Sponsored ADR Class B
(OTC:SKBSY)
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Rating:65Neutral
Price Target:
$29.00
▼(-0.14% Downside)
Action:Reiterated
Date:05/09/26
The score is anchored by a resilient balance sheet and a constructive earnings call (record backlog, strong order intake, and solid margins), but held back by weaker/volatile cash-flow conversion and compressed margins versus prior years. Technical indicators are broadly neutral and valuation is supported by the high dividend yield but tempered by a ~22x P/E.
Positive Factors
Record backlog & book-to-build
A record backlog and book-to-build >100% provide multi-quarter revenue visibility and reduce short-term top-line volatility. With average production duration ~19 months, secured work supports capacity planning, steady utilization and more predictable margin delivery across construction cycles.
Negative Factors
Volatile cash conversion; negative operating cash in Q1
Working-capital sensitivity and episodic negative operating cash flow weaken the firm's internal funding ability. Volatile cash conversion raises reliance on external liquidity for development payouts and dividends, constrains reinvestment timing, and increases risk in fixed-price contracting environments.
Read all positive and negative factors
Positive Factors
Negative Factors
Record backlog & book-to-build
A record backlog and book-to-build >100% provide multi-quarter revenue visibility and reduce short-term top-line volatility. With average production duration ~19 months, secured work supports capacity planning, steady utilization and more predictable margin delivery across construction cycles.
Read all positive factors
Skanska AB Sponsored ADR Class B (SKBSY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.65B
Dividend Yield2.81%
Average Volume (3M)176.00
Price to Earnings (P/E)18.5
Beta (1Y)0.83
Revenue Growth5.83%
EPS Growth4.21%
CountryUS
Employees25,929
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)14.02
Shares Outstanding400,388,060
10 Day Avg. Volume296
30 Day Avg. Volume176
Financial Highlights & Ratios
PEG Ratio7.95
Price to Book (P/B)1.69
Price to Sales (P/S)0.59
P/FCF Ratio23.30
Enterprise Value/Market Cap9.49
Enterprise Value/Revenue0.58
Enterprise Value/Gross Profit6.72
Enterprise Value/Ebitda9.11
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Skanska AB Sponsored ADR Class B Business Overview & Revenue Model
Company Description
Skanska AB (publ) is a leading construction and project development enterprise with operations spanning the Nordic region, wider Europe, and the United States. Its activities are organized into three core divisions: Construction, Residential Devel...
How the Company Makes Money
Skanska primarily makes money through (1) construction contracting, where it bids on and executes projects such as buildings and civil infrastructure for government agencies and private customers, recognizing revenue as work is performed under cus...
Skanska AB Sponsored ADR Class B Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 17, 2026
Earnings Call Sentiment Positive
The call presented a generally positive operational and strategic picture: record order backlog, strong book-to-build, solid U.S. infrastructure and data center wins, healthy Central European residential margins, stable investment property performance, and strong liquidity and sustainability progress. Offsetting these positives are near-term timing effects (uneven backlog conversion), negative operating cash flow in Q1 due to working capital and RD investments, continued weakness in the Nordic residential market, modest returns from some commercial development assets, and ongoing caution in the U.S. transaction market. On balance, the positive operational momentum and financial flexibility outweigh the short-term challenges and timing issues.Positive Updates
Record High Order Backlog and Strong Book-to-Build
Construction order backlog at a record high; rolling 12-month book-to-build of 107% (winning more orders than produced) and average production duration ~19 months, supporting future revenue visibility.
Negative Updates
Quarterly Revenue Timing and Slight Decline in Construction
Construction revenue slightly decreased YoY in Q1 due to uneven backlog conversion and timing effects (projects taking longer to mobilize), causing a one-quarter revenue shortfall rather than a market slowdown.
Read all updates
Q1-2026 Updates
Positive
Negative
Record High Order Backlog and Strong Book-to-Build
Construction order backlog at a record high; rolling 12-month book-to-build of 107% (winning more orders than produced) and average production duration ~19 months, supporting future revenue visibility.
Read all positive updates
Company Guidance
Management gave cautious but constructive directional guidance rather than precise forecasts: they described a solid start to 2026 with Construction operating income SEK 1.1bn (3.0% in Q1; 4.2% rolling 12m), a record backlog and book‑to‑build of 107% (19 months of production) including SEK 6.9bn of data‑centre/semiconductor wins and a SEK 9.3bn bridge order; Project Development ROCE 2.1% (rolling 12m) with Central Europe RD margins >20% (RD result SEK 138m), 212 units started (176 in CE), ~1,500 rolling‑12m sold and ~3,000 units in production; Commercial Development posted operating income SEK 71m and gains on sale SEK 174m (≈17 ongoing projects SEK 15.4bn upon completion; ~18 completed projects ≈SEK 18bn, ~72% leased); Investment Properties delivered operating income SEK 81m, economic occupancy 84%, portfolio value SEK 8.3bn and yield 4.7%; group metrics included ROE 10.4%, group operating income up 18% in local currency (5% in SEK), taxes SEK 316m (24%), operating cash from businesses -SEK 1.3bn in Q1, adjusted interest‑bearing net receivable down ~SEK 2bn, available liquidity SEK 27.7bn (plus ~SEK 20bn drawable within a week). Management reiterated they expect continued strength in the U.S. civil and data‑centre markets, gradual improvement in CD/transaction markets, a slower Nordic resi recovery, and an ongoing focus on maintaining a strong financial position while pursuing IP growth toward SEK 12–18bn.Skanska AB Sponsored ADR Class B Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
76
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 173.70B | 176.66B | 176.48B | 167.17B | 163.17B | 143.87B |
| Gross Profit | 15.05B | 13.65B | 14.48B | 13.43B | 16.69B | 15.71B |
| EBITDA | 11.10B | 9.57B | 9.50B | 11.50B | 13.15B | 11.02B |
| Net Income | 5.79B | 5.70B | 5.55B | 5.00B | 8.26B | 6.86B |
Balance Sheet | ||||||
| Total Assets | 163.02B | 158.29B | 171.21B | 155.19B | 151.59B | 139.04B |
| Cash, Cash Equivalents and Short-Term Investments | 17.87B | 28.91B | 32.20B | 17.91B | 10.01B | 10.95B |
| Total Debt | 16.71B | 15.87B | 19.11B | 17.77B | 14.09B | 14.44B |
| Total Liabilities | 104.86B | 96.34B | 108.59B | 98.84B | 96.34B | 93.24B |
| Stockholders Equity | 57.95B | 61.76B | 62.47B | 56.20B | 55.11B | 45.68B |
Cash Flow | ||||||
| Free Cash Flow | 6.94B | 4.47B | 9.11B | 612.00M | -1.78B | 5.51B |
| Operating Cash Flow | 5.76B | 7.41B | 9.11B | 3.21B | 480.00M | 7.44B |
| Investing Cash Flow | -4.48B | -7.38B | -5.77B | 6.00B | 3.92B | -11.37B |
| Financing Cash Flow | -4.18B | -7.67B | -2.84B | -1.25B | -5.57B | -5.05B |
Skanska AB Sponsored ADR Class B Technical Analysis
Neutral
29.04
Price Trends
26.68
Negative
27.05
Negative
26.54
Negative
Market Momentum
-0.10
Negative
52.03
Neutral
80.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKBSY, the sentiment is Neutral. The current price of 29.04 is above the 20-day moving average (MA) of 26.06, above the 50-day MA of 26.68, and above the 200-day MA of 26.54, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 80.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SKBSY.
Skanska AB Sponsored ADR Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $30.85B | 68.02 | 14.53% | ― | 22.59% | 111.23% | |
67 Neutral | $11.42B | 23.22 | 22.15% | ― | 6.38% | -9.90% | |
65 Neutral | $10.65B | 18.54 | 9.60% | 2.81% | 5.83% | 4.21% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $8.88B | 16.63 | 21.32% | 1.06% | -0.38% | 2.58% | |
62 Neutral | $4.21B | 10.64 | 26.57% | 1.65% | -3.61% | 10.17% | |
50 Neutral | $7.45B | 25.81 | 8.12% | ― | -8.32% | -87.53% |
* Industrials Sector Average
SKBSY
Skanska AB Sponsored ADR Class B
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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.