Financials Sweco AB

Equities

SWEC B

SE0014960373

Construction & Engineering

Market Closed - Nasdaq Stockholm 08:59:33 26/04/2024 pm IST 5-day change 1st Jan Change
115.6 SEK +2.76% Intraday chart for Sweco AB +2.76% -14.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 42,536 53,666 60,838 35,813 48,548 41,529 - -
Enterprise Value (EV) 1 44,650 54,609 61,751 36,888 54,085 45,182 44,228 42,141
P/E ratio 31.4 x 41.5 x 40.7 x 21.7 x 29.1 x 20.8 x 18 x 16.4 x
Yield 1.72% 1.46% 1.44% 2.7% 2.18% 2.65% 2.94% 3.23%
Capitalization / Revenue 2.06 x 2.57 x 2.79 x 1.47 x 1.7 x 1.35 x 1.29 x 1.23 x
EV / Revenue 2.16 x 2.62 x 2.83 x 1.52 x 1.9 x 1.47 x 1.37 x 1.25 x
EV / EBITDA 20.7 x 26.7 x 26.9 x 14.9 x 19.2 x 13.8 x 12.5 x 11.1 x
EV / FCF 21.5 x 18 x 31.4 x 16.7 x 25.2 x 19 x 16.4 x 13.7 x
FCF Yield 4.64% 5.56% 3.19% 6% 3.97% 5.26% 6.11% 7.28%
Price to Book 5.95 x 7.11 x 7.08 x 3.6 x 4.6 x 3.6 x 3.27 x 3.01 x
Nbr of stocks (in thousands) 3,53,395 3,55,197 3,57,485 3,58,619 3,59,141 3,59,141 - -
Reference price 2 120.4 151.0 170.2 99.85 135.1 115.6 115.6 115.6
Announcement Date 12/02/20 11/02/21 11/02/22 09/02/23 09/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,629 20,858 21,792 24,296 28,523 30,715 32,228 33,759
EBITDA 1 2,160 2,044 2,294 2,481 2,811 3,276 3,552 3,813
EBIT 1 1,892 1,706 1,974 2,245 2,416 2,836 3,189 3,448
Operating Margin 9.17% 8.18% 9.06% 9.24% 8.47% 9.23% 9.9% 10.21%
Earnings before Tax (EBT) 1 1,777 1,608 1,897 2,156 2,179 2,526 2,907 3,202
Net income 1 1,393 1,293 1,492 1,652 1,667 2,009 2,326 2,547
Net margin 6.75% 6.2% 6.85% 6.8% 5.84% 6.54% 7.22% 7.54%
EPS 2 3.840 3.640 4.180 4.610 4.650 5.551 6.427 7.044
Free Cash Flow 1 2,073 3,038 1,968 2,213 2,146 2,379 2,702 3,070
FCF margin 10.05% 14.57% 9.03% 9.11% 7.52% 7.74% 8.38% 9.09%
FCF Conversion (EBITDA) 95.97% 148.63% 85.79% 89.2% 76.34% 72.62% 76.07% 80.51%
FCF Conversion (Net income) 148.82% 234.96% 131.9% 133.96% 128.73% 118.41% 116.2% 120.53%
Dividend per Share 2 2.067 2.200 2.450 2.700 2.950 3.060 3.402 3.738
Announcement Date 12/02/20 11/02/21 11/02/22 09/02/23 09/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,691 5,920 6,077 6,116 5,372 6,732 7,140 7,249 6,417 7,717 7,767 7,872 6,911 8,291 8,405
EBITDA 1 427 661 713 547 443 777 913 634 536 728 875.6 786.8 595.7 1,018 1,154
EBIT 1 360 582 629 535 387 693 839 532 428 618 740.2 712.8 496.6 873.5 1,045
Operating Margin 7.67% 9.83% 10.35% 8.75% 7.2% 10.29% 11.75% 7.34% 6.67% 8.01% 9.53% 9.05% 7.19% 10.54% 12.43%
Earnings before Tax (EBT) 1 - 564 608 515 366 666 800 474 359 546 728 558 418 1,115 1,003
Net income 1 267 454 463 409 278 502 625 357 268 417 567.8 461.5 318.5 717.2 777
Net margin 5.69% 7.67% 7.62% 6.69% 5.17% 7.46% 8.75% 4.92% 4.18% 5.4% 7.31% 5.86% 4.61% 8.65% 9.24%
EPS 2 0.7500 1.270 1.290 1.140 0.7800 1.400 1.750 0.9900 0.7500 1.160 1.453 1.394 0.9354 1.762 2.160
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 29/10/21 11/02/22 12/05/22 15/07/22 27/10/22 09/02/23 12/05/23 18/07/23 27/10/23 09/02/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,114 943 913 1,075 5,537 3,652 2,699 612
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.9787 x 0.4614 x 0.398 x 0.4333 x 1.97 x 1.115 x 0.7598 x 0.1605 x
Free Cash Flow 1 2,073 3,038 1,968 2,213 2,146 2,379 2,702 3,070
ROE (net income / shareholders' equity) 20.9% 17.6% 18.5% 17.8% 16.2% 18.4% 19.3% 19.3%
ROA (Net income/ Total Assets) 10.4% 6.59% 7.53% 7.95% 7.03% 7.6% 8.34% 8.96%
Assets 1 13,394 19,625 19,803 20,786 23,714 26,443 27,901 28,428
Book Value Per Share 2 20.20 21.30 24.00 27.70 29.40 32.10 35.40 38.50
Cash Flow per Share 2 6.340 9.160 6.150 7.000 6.980 5.800 6.200 7.500
Capex 1 226 211 231 302 358 369 393 414
Capex / Sales 1.1% 1.01% 1.06% 1.24% 1.26% 1.2% 1.22% 1.23%
Announcement Date 12/02/20 11/02/21 11/02/22 09/02/23 09/02/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
115.6 SEK
Average target price
137.4 SEK
Spread / Average Target
+18.86%
Consensus