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Skanska AB
(SKA.B)
Select Model
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Rating:68Neutral
Price Target:
kr278.00
▲(2.06% Upside)
Action:Reiterated
Date:07/18/26
The score is driven primarily by solid but not exceptional financial performance: stable margins, improved moderate leverage, and acceptable profitability, tempered by meaningful historical and recent free-cash-flow volatility. Technicals add a neutral-to-slightly cautious tilt due to subdued near-term momentum despite being above key longer-term moving averages. Valuation is supportive, helped by a strong dividend yield alongside a reasonable P/E.
Positive Factors
Diversified business model
Skanska's integrated model — contracting plus commercial and residential development — creates multiple durable revenue streams. Owning development projects allows capture of development profit and rental income, while contracting provides steady fee revenue, reducing dependence on any single cycle.
Negative Factors
Thin margins
Low single-digit operating and net margins leave limited buffer against cost inflation, project overruns or competitive price pressure. Sustaining profitability depends on tight bidding and execution; thin margins reduce ability to absorb shocks and constrain long-term return on invested capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Skanska's integrated model — contracting plus commercial and residential development — creates multiple durable revenue streams. Owning development projects allows capture of development profit and rental income, while contracting provides steady fee revenue, reducing dependence on any single cycle.
Read all positive factors
Skanska AB (SKA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr111.90B
Dividend Yield5.15%
Average Volume (3M)611.41K
Price to Earnings (P/E)17.0
Beta (1Y)0.98
Revenue Growth-5.70%
EPS Growth6.78%
CountrySE
Employees26,363
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)16.02
Shares Outstanding400,388,980
10 Day Avg. Volume643,420
30 Day Avg. Volume611,412
Financial Highlights & Ratios
PEG Ratio7.96
Price to Book (P/B)1.69
Price to Sales (P/S)0.59
P/FCF Ratio25.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr282.50Price Target Upside3.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)17.16
Revenue Forecast (FY)kr180.91B
Skanska AB Business Overview & Revenue Model
Company Description
Skanska AB (publ) is a prominent firm specializing in construction and property development, with operations spanning the Nordic countries, Europe, and the United States. Its business activities are organized into three primary divisions: Construc...
How the Company Makes Money
Skanska makes money primarily through (1) construction contract revenue, where it is paid to plan and build infrastructure and building projects for customers, and (2) project development profits from developing and selling or leasing assets. In c...
Skanska AB Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
76
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 174.14B | 176.66B | 176.48B | 167.17B | 163.17B | 143.87B |
| Gross Profit | 15.47B | 14.52B | 14.48B | 13.43B | 16.69B | 15.71B |
| EBITDA | 12.42B | 10.18B | 8.49B | 6.94B | 10.37B | 11.31B |
| Net Income | 6.63B | 5.70B | 5.55B | 5.00B | 8.26B | 6.86B |
Balance Sheet | ||||||
| Total Assets | 166.15B | 158.29B | 171.21B | 155.19B | 151.59B | 139.04B |
| Cash, Cash Equivalents and Short-Term Investments | 16.07B | 19.01B | 32.20B | 17.91B | 10.01B | 10.95B |
| Total Debt | 15.51B | 15.92B | 20.17B | 17.85B | 14.70B | 15.00B |
| Total Liabilities | 104.45B | 96.34B | 108.59B | 98.84B | 96.34B | 93.24B |
| Stockholders Equity | 61.47B | 61.76B | 62.47B | 56.20B | 55.11B | 45.68B |
Cash Flow | ||||||
| Free Cash Flow | 130.00M | 4.10B | 6.45B | 632.00M | -1.75B | 5.51B |
| Operating Cash Flow | 11.60B | 7.23B | 9.11B | 3.21B | 510.00M | 7.44B |
| Investing Cash Flow | -4.16B | -8.72B | -5.78B | 6.00B | 4.82B | -11.37B |
| Financing Cash Flow | -8.42B | -6.20B | -2.84B | -1.25B | -6.53B | -5.05B |
Skanska AB Technical Analysis
Positive
272.40
Price Trends
264.90
Positive
257.11
Positive
251.15
Positive
Market Momentum
1.96
Positive
58.31
Neutral
43.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SKA.B, the sentiment is Positive. The current price of 272.4 is above the 20-day moving average (MA) of 269.42, above the 50-day MA of 264.90, and above the 200-day MA of 251.15, indicating a bullish trend. The MACD of 1.96 indicates Positive momentum. The RSI at 58.31 is Neutral, neither overbought nor oversold. The STOCH value of 43.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SKA.B.
Skanska AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr46.94B | 20.60 | 18.15% | 2.88% | 5.87% | 7.65% | |
69 Neutral | kr28.66B | 20.38 | ― | 2.67% | 1.66% | 26.04% | |
68 Neutral | kr111.90B | 16.97 | 10.96% | 5.15% | -5.70% | 6.78% | |
61 Neutral | kr29.64B | 13.73 | 12.81% | 3.06% | 2.19% | 36.51% | |
60 Neutral | kr11.74B | 14.94 | 6.19% | 5.85% | -5.02% | -15.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | kr16.04B | 228.35 | 1.00% | 5.88% | -10.38% | -95.01% |
* General Sector Average
SE:SKA.B
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Skanska AB Corporate Events
Skanska Wins USD 390 Million High-Tech Plant Contract in Idaho
Jul 17, 2026
Skanska has secured a USD 390 million, about SEK 3.6 billion, contract from a confidential high-tech client to build a new fabrication facility in Boise, Idaho. The project, which will be booked in Skanska’s U.S. order intake for the third q...
Skanska Lands SEK 1 Billion Contract for Sustainable Kristianstad University City Campus
Jul 15, 2026
Skanska has secured a SEK 1 billion contract from Boulevardfastigheter AB to build a new city campus for Kristianstad University in southern Sweden, a project that will be booked to its Swedish operations in the third quarter of 2026. The campus, ...
Skanska to Present Q2 2026 Interim Results on July 17
Jul 10, 2026
Skanska will release its interim report for the second quarter of 2026 on July 17 at 07:30 a.m. CEST, providing investors and analysts with an updated view on the company’s performance. The results will be presented the same day by President...
Skanska Wins USD 94 Million Data Center Contract in Virginia
Jul 7, 2026
Skanska has secured an additional contract from an existing client to build a new data center in Virginia, USA, valued at USD 94 million, approximately SEK 870 million. The deal will be booked in Skanska’s U.S. order intake for the second qu...
Skanska Wins SEK 1 Billion Contract for Expanded Nuclear Waste Repository in Sweden
Jul 6, 2026
Skanska has secured a production-phase contract worth about SEK 1 billion from Svensk Kärnbränslehantering AB to build six new rock caverns for the expansion of the short-lived radioactive waste repository (SFR) in Forsmark, Sweden. The ...
Skanska Wins NOK 1.1 Billion Hydro Contract for New Aluminum Facility in Norway
Jul 3, 2026
Skanska has secured a major industrial construction contract from aluminum producer Hydro to build a new wire rod production facility in Karmøy, Norway, valued at approximately NOK 1.1 billion, or SEK 1.0 billion. The deal, which will be book...
Skanska Wins USD 94 Million Data Center Contract in Virginia
Jul 3, 2026
Skanska has secured a USD 94 million, roughly SEK 870 million, contract from an existing client to build a new data center in Virginia, adding to its U.S. order bookings for the second quarter of 2026. The deal underscores Skanska’s growing ...
Skanska Sells Second Studio Office Tower in Warsaw for EUR 159 Million
Jul 3, 2026
Skanska has agreed to divest the second building of its Studio office project in Warsaw’s Wola business district to Stena Real Estate AB for EUR 159 million, about SEK 1.7 billion, with the deal booked in the third quarter and closing expect...
Skanska Wins USD 87M Amtrak Contract to Rehabilitate Newark Dock Bridge
Jul 2, 2026
Skanska has secured an USD 87M contract from Amtrak to rehabilitate the Dock Bridge in Newark, New Jersey, a vertical-lift rail bridge complex on the busy Northeast Corridor. The project will be added to Skanska’s U.S. order bookings in the ...
Skanska Wins EUR 29 Million Green Business Facility Contract for Garmin in Finland
Jul 1, 2026
Skanska has secured a EUR 29 million contract to build an 8,500-square-meter business facility for Garmin in Jyväskylä, Finland, with the order booked in its Nordic operations for the second quarter of 2026. The project reinforces Skansk...
Skanska Sells Sustainable Rental Housing Project in Sollentuna for SEK 570 Million
Jul 1, 2026
Skanska has agreed to divest its self-developed rental multifamily project Traktören 20 in central Sollentuna, Sweden, to the Folksam Group via KPA Pension for about SEK 570 million. The transaction, booked in the second quarter of 2026, incl...
Skanska lands SEK 370m sustainable housing project in Jönköping
Jun 30, 2026
Skanska AB is one of the world’s largest construction and project development companies, with 2025 revenue of SEK 179 billion and operations across select markets in the Nordics, Europe and the U.S. The group leverages the expertise of about...
Skanska Named Among TIME’s World’s Most Sustainable Companies for 2026
Jun 30, 2026
Skanska has been named among TIME Magazine’s World’s Most Sustainable Companies 2026, reflecting its long-standing strategy of embedding sustainability across its construction and project development operations. The recognition undersc...
Skanska Wins SEK 340M Sustainable Infrastructure Contract in Stockholm’s Hagastaden
Jun 30, 2026
Skanska has secured development contracts worth about SEK 340 million with the City of Stockholm to advance Phase 2 construction work in the Hagastaden district. The agreements will be booked in the second quarter of 2026 and cover extensive groun...
Skanska Hit as UK A46 Bypass Contract Cancellation Cuts Q2 Order Book
Jun 29, 2026
Skanska has received notice from National Highways that its contract to upgrade a 6.6 kilometer stretch of the A46 Newark bypass in the UK Midlands has been cancelled. The project, valued at GBP 297 million, or about SEK 3.7 billion, was part of S...
Skanska Wins GBP 282 Million Contract for Landmark City of London Office Tower
Jun 29, 2026
Skanska has secured a GBP 282 million contract from AshbyCapital to build 55 Old Broad Street, a 23-storey commercial office tower near Liverpool Street Station in London’s financial district, with the value booked in its European order inta...
Skanska Wins USD 325m Cincinnati Convention Hotel Contract
Jun 24, 2026
Skanska has secured a USD 325 million contract from a Portman Holdings–managed entity to build a 21‑story, 700‑room Marriott convention center hotel in downtown Cincinnati, Ohio, opposite the city’s main convention facility...
Skanska Wins USD 255 Million Data Center Contract in Georgia
Jun 23, 2026
Skanska has secured a USD 255 million supplemental contract from an existing client to build a major data center in Georgia, expanding its U.S. order bookings for the second quarter of 2026. The project involves a 22,700-square-meter facility with...
Skanska Secures Early Contractor Role in Penn Station Transformation
Jun 22, 2026
Skanska, together with joint venture partner Halmar, has been appointed by Amtrak as Master Developer for the Penn Station Transformation Project in New York and has entered a pre-development agreement in partnership with the U.S. Department of Tr...
Skanska Wins USD 454 Million Share of New Jersey Hudson Tunnel Rail Link Project
Jun 17, 2026
Skanska, in joint venture with Creamer Sanzari, has been selected by the Gateway Development Commission to deliver the USD 712 million New Jersey Surface Alignment Project, part of the Hudson Tunnel Project, and will book its USD 454 million share...
Skanska Wins SEK 4.4 Billion Contract for New Emergency Hospital in Karlstad
Jun 15, 2026
Skanska AB has secured a SEK 4.4 billion contract to build a new high-tech emergency building and associated facilities at Karlstad Central Hospital in Sweden, a project that will be added to its Swedish order bookings in the second quarter of 202...
Skanska Wins SEK 810 Million Contract to Expand Hall Prison in Sweden
Jun 11, 2026
Skanska has secured an SEK 810 million contract from Specialfastigheter Sverige AB to expand Hall prison in Södertälje, Sweden, adding three main buildings plus complementary structures and extensive ground and foundation works. Includin...
Skanska Sells Gothenburg Rental Housing Project to Folksam for SEK 500 Million
Jun 11, 2026
Skanska has agreed to divest a self-developed rental multifamily project in Sankt Jörgens Park on Hisingen in Gothenburg to the Folksam Group through KPA Pension for about SEK 500 million, with the transaction to be recorded in the second qua...
Skanska Wins SEK 390m Contract to Upgrade Leksand Retirement Home
Jun 8, 2026
Skanska has secured a SEK 390 million contract from municipal housing company Leksandsbostäder to renovate and expand the Edshult special housing facility in Leksand, Sweden, adding to its Swedish order book for the second quarter of 2026. Th...
Skanska IT Chief Anders Candell to Step Down in December 2026
Jun 5, 2026
Skanska has announced that Senior Vice President IT, Anders Candell, will leave the company on December 1, 2026 to pursue opportunities outside the group. The company will begin recruiting a successor, as management credits Candell with significan...
Skanska wins SEK 400M contract to rebuild Visby water treatment plant
Jun 5, 2026
Skanska has secured a contract worth about SEK 400 million from Region Gotland to rebuild the Visby water treatment plant in Sweden, adding the production phase to an existing design agreement. The project encompasses demolition of current structu...
Skanska wins EUR 33m contract for Metso’s Lokomotion Technology Center in Finland
Jun 2, 2026
Skanska has secured a EUR 33 million contract from Metso Oyj to deliver the second phase of the Lokomotion Technology Center in Tampere, Finland, adding roughly 12,000 square meters of factory space for aggregates and sand technology. The deal, bo...
Skanska Invests PLN 143 Million in Third Phase of NU Residential Project in Warsaw
Jun 2, 2026
Skanska is expanding its residential footprint in Warsaw by investing PLN 143 million, about SEK 360 million, in the third phase of its six-stage NU development in the Wola district. The NU3 phase will add three buildings with 156 apartments and c...
Skanska Wins USD 498 Million Share of Second Avenue Subway Phase II in New York
Jun 1, 2026
Skanska has secured a USD 498 million share, about SEK 4.6 billion, of a USD 1 billion joint-venture contract from New York’s Metropolitan Transportation Authority for Phase II of the Second Avenue Subway. The project solidifies Skanska̵...
Skanska Reports Vote-Reducing Conversion of Class A Shares to Class B
May 29, 2026
Skanska AB has reported a minor change in its share capital structure following shareholder requests to convert 3,121 Class A shares into Class B shares during May 2026. The conversion, in line with the company’s articles of association and ...
Skanska Named Europe’s Best Employer 2026 by Financial Times
May 22, 2026
Skanska, the global construction and project development group, has been named Europe’s Best Employer 2026 by the Financial Times in partnership with Statista, topping a ranking of 1,000 companies based on more than six million employee eval...
Skanska Named Preferred Master Developer for New York Penn Station Overhaul
May 22, 2026
Skanska has been named preferred bidder, alongside partner Halmar in the Penn Transformation Partners consortium, to serve as Master Developer for the New York Penn Station Transformation Project. The selection by the U.S. Department of Transporta...
Skanska Sells Västerhaninge Building Rights to OBOS for SEK 290 Million
May 21, 2026
Skanska has agreed to divest 198 building rights for single-family homes in the Skarplöt area of Västerhaninge, south of Stockholm, to Norwegian housing developer OBOS for SEK 290 million. The transaction, to be recognized in SkanskaR...
Skanska Lands SEK 1.9 Billion Swedish Construction Contract
May 15, 2026
Skanska has secured a construction contract in Sweden worth about SEK 1.9 billion from an undisclosed customer, adding materially to its second-quarter 2026 order bookings. The project, scheduled to begin in August 2026 and conclude in the first q...
Skanska Wins SEK 570m Contract for New Swedish Correctional Facility
May 8, 2026
Skanska has secured a SEK 570 million contract from Monen Fastighetsförvaltning to build and renovate a correctional facility in Ulriksfors, Strömsund, Sweden, which will be leased to the Swedish Prison and Probation Service and house ar...
Skanska Wins SEK 990M Contract for New Malmö Sports Arena
May 8, 2026
Skanska has secured a SEK 990 million contract from the City of Malmö to deliver the second phase of a new football and athletics facility, which will be booked in its Swedish order intake for the second quarter of 2026. The project, already ...
Skanska Wins USD 305 Million Contract to Expand New Jersey University Computer Science Center
May 6, 2026
Skanska has secured a USD 305 million (about SEK 2.8 billion) contract to renovate and expand a New Jersey university’s computer science center, which will be recorded in the company’s U.S. order bookings for the second quarter of 2026...
Skanska Wins USD 1 Billion MBTA Bridge Replacement and Rail Upgrade Contract
May 6, 2026
Skanska has secured a USD 1 billion design-build contract from the Massachusetts Bay Transportation Authority to replace the North Station Draw One Bridge and upgrade related rail infrastructure across Boston, Cambridge and Somerville. The project...
Skanska Wins USD 363 Million Share of Hudson River Rail Tunnel Contract
May 4, 2026
Skanska, in joint venture with Traylor Bros. and Walsh Construction, has secured a major role in the USD 1.29 billion Hudson Tunnel Project’s Package 1C in New York, with Skanska’s share valued at USD 363 million, about SEK 3.4 billion...
Skanska wins EUR 100 million data center expansion contract in Finland
May 4, 2026
Skanska has secured a EUR 100 million contract from data center operator atNorth to deliver a major expansion of the FIN02 facility in Espoo, Finland. The deal, booked in Skanska’s Nordic orders for the second quarter of 2026, underlines the...
Skanska Sets Date and Investor Call for Q1 2026 Interim Report
Apr 30, 2026
Skanska will publish its interim report for the first quarter of 2026 on May 7 at 07:30 am CEST, followed by a webcast and audio conference at 10:00 am CEST from its Stockholm head office, led by President and CEO Anders Danielsson and CFO Pontus ...
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.