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Sweco AB
(SWEC.B)
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Rating:75Outperform
Price Target:
kr154.00
▲(20.12% Upside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by strong financial performance (improving profitability and robust cash generation) and supportive technicals (price above key moving averages with positive MACD). The main offset is valuation, with a mid-range P/E and a moderate dividend yield.
Positive Factors
Revenue growth and margin improvement
Steady multi-year revenue expansion combined with higher operating and net margins indicates improving execution and operating leverage. This strengthens Sweco’s earnings base and provides a durable platform for continued growth, even as the business moves toward a more mature growth profile.
Negative Factors
Moderating revenue growth
Although revenue continues to expand, the slower TTM growth rate signals reduced acceleration compared with prior years. A more mature growth profile may limit near-term operating leverage and make sustained earnings expansion increasingly dependent on execution, pricing, and demand across projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and margin improvement
Steady multi-year revenue expansion combined with higher operating and net margins indicates improving execution and operating leverage. This strengthens Sweco’s earnings base and provides a durable platform for continued growth, even as the business moves toward a more mature growth profile.
Read all positive factors
Sweco AB (SWEC.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr51.71B
Dividend Yield2.58%
Average Volume (3M)383.84K
Price to Earnings (P/E)22.7
Beta (1Y)0.90
Revenue Growth5.87%
EPS Growth7.65%
CountrySE
Employees22,000
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)6.32
Shares Outstanding332,251,900
10 Day Avg. Volume240,007
30 Day Avg. Volume383,840
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)6.94
Revenue Forecast (FY)kr33.97B
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 delivered by its staff (engineers, architects, planners, and specialists) to external clients. Revenue is generated mainly through time-and-materials billing (charging hourly/...
Sweco AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.59B | 31.59B | 30.68B | 28.52B | 24.30B | 21.79B |
| Gross Profit | 18.61B | 3.31B | 3.03B | 2.42B | 2.18B | 1.99B |
| EBITDA | 4.82B | 4.77B | 4.50B | 3.80B | 3.37B | 3.10B |
| Net Income | 2.28B | 2.23B | 2.07B | 1.67B | 1.65B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 29.03B | 29.89B | 28.30B | 25.51B | 21.92B | 19.66B |
| Cash, Cash Equivalents and Short-Term Investments | 663.00M | 1.48B | 1.65B | 1.10B | 850.00M | 896.00M |
| Total Debt | 7.16B | 6.57B | 6.78B | 6.64B | 4.44B | 4.42B |
| Total Liabilities | 16.37B | 17.47B | 16.37B | 14.92B | 11.97B | 11.05B |
| Stockholders Equity | 12.65B | 12.42B | 11.92B | 10.59B | 9.94B | 8.59B |
Cash Flow | ||||||
| Free Cash Flow | 3.48B | 3.59B | 3.69B | 2.15B | 2.19B | 1.96B |
| Operating Cash Flow | 3.93B | 4.01B | 4.06B | 2.50B | 2.52B | 2.20B |
| Investing Cash Flow | -1.55B | -1.50B | -549.00M | -2.04B | -907.00M | -578.00M |
| Financing Cash Flow | -2.37B | -2.58B | -2.94B | -203.00M | -1.69B | -2.84B |
Sweco AB Technical Analysis
Positive
128.20
Price Trends
129.97
Positive
130.39
Positive
133.10
Positive
Market Momentum
3.24
Negative
75.71
Negative
92.73
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 128.2 is below the 20-day moving average (MA) of 132.88, below the 50-day MA of 129.97, and below the 200-day MA of 133.10, indicating a bullish trend. The MACD of 3.24 indicates Negative momentum. The RSI at 75.71 is Negative, neither overbought nor oversold. The STOCH value of 92.73 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | kr31.39B | 20.80 | ― | 2.48% | 4.26% | 30.00% | |
75 Outperform | kr51.71B | 22.71 | 18.15% | 2.58% | 5.87% | 7.65% | |
67 Neutral | kr114.49B | 17.37 | 10.96% | 5.04% | -5.70% | 6.78% | |
66 Neutral | kr14.60B | 17.13 | 6.63% | 4.63% | -3.51% | -7.54% | |
61 Neutral | kr10.94B | 21.42 | 15.56% | 1.23% | 8.64% | 96.94% | |
56 Neutral | kr27.85B | 13.12 | 12.81% | 3.54% | 2.19% | 36.51% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:SWEC.B
Sweco AB
143.50
-22.56
-13.58%
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96.05
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11.90%
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129.70
-31.22
-19.40%
SE:INSTAL
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95.69%
Sweco AB Corporate Events
Sweco Wins SEK 182 Million Consultancy Deal with Danish Utility Aalborg Forsyning
Oct 27, 2026
Sweco has secured a two-year framework agreement worth up to SEK 182 million as the sole consultant to Aalborg Forsyning, a municipally owned multi-utility provider in northern Denmark, with an option to extend the contract by up to two additional...
Sweco Wins Long-Term Technical Consultancy Mandate with Amsterdam’s GVB
Oct 22, 2026
Sweco has secured a multi-year framework agreement to provide technical consultancy services to Amsterdam public transport operator GVB, covering the period from July 2026 to June 2030 with an extension option. Under this deal, Sweco will deliver ...
Sweco wins SEK 500 million framework deals for Swedish high-security facilities
Oct 19, 2026
Sweco has secured three framework agreements with Swedish state-owned property company Specialfastigheter to provide feasibility studies, design, and project and construction management for high-security facilities used by the Swedish Prison and P...
Sweco Calls for Smarter Investment to Renew Europe’s Ageing Water Networks
Oct 5, 2026
European water operators increasingly view infrastructure renewal as their biggest challenge, as ageing networks are deteriorating faster than they are being replaced. With current renewal rates lagging system wear, utilities face mounting pressur...
Sweco CEO Åsa Bergman to Step Down After 35 Years at the Group
Oct 2, 2026
Sweco AB has announced that Åsa Bergman will resign as President and CEO after a 35‑year career at the company, including nearly nine years at the helm. The board has begun recruiting a successor, with Bergman agreeing to remain in her ...
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.