Company Valuation: Skanska AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 96,563 67,908 74,823 95,667 104,253 111,753 - -
Change - -29.67% 10.18% 27.86% 8.98% 7.19% - -
Enterprise Value (EV) 1 81,935 67,908 67,374 82,592 104,253 100,062 98,405 94,172
Change - -17.12% -0.79% 22.59% 26.23% -4.02% -1.66% -4.3%
P/E 11.8x 8.86x 23.1x 16.5x 16.7x 15.4x 14.1x 13x
PBR 2.13x - 1.33x 1.53x 1.69x 1.74x 1.65x 1.56x
PEG - -1.49x -0.4x 0.2x 2.43x 1x 1.51x 1.5x
Capitalization / Revenue 0.65x 0.42x 0.48x 0.54x 0.58x 0.62x 0.58x 0.55x
EV / Revenue 0.56x 0.42x 0.43x 0.47x 0.58x 0.55x 0.51x 0.47x
EV / EBITDA 6.55x 5.65x 11.3x 8.43x 10.4x 8.86x 8.29x 7.21x
EV / EBIT 8.33x 7.3x 20.9x 11.7x 14.4x 11.9x 10.5x 9.19x
EV / FCF 14.6x - 107x 12.8x 24.6x 9.37x 11.7x 11.1x
FCF Yield 6.84% - 0.94% 7.81% 4.06% 10.7% 8.56% 9.05%
Dividend per Share 2 7 - 5.5 8 14 9.857 11.06 12.26
Rate of return 2.99% - 3.02% 3.44% 5.55% 3.65% 4.1% 4.54%
EPS 2 19.8 18.62 7.89 14.12 15.09 17.51 19.14 20.8
Distribution rate 35.4% - 69.7% 56.7% 92.8% 56.3% 57.8% 58.9%
Net sales 1 147,576 161,602 157,052 177,208 179,291 181,271 193,684 202,316
EBITDA 1 12,501 12,011 5,978 9,799 10,071 11,291 11,867 13,070
EBIT 1 9,832 9,297 3,231 7,087 7,241 8,433 9,348 10,246
Net income 1 8,188 7,702 3,272 5,835 6,295 7,224 7,897 8,616
Net Debt 1 -14,628 - -7,449 -13,075 - -11,691 -13,348 -17,581
Reference price 2 234.20 165.00 182.35 232.70 252.30 269.90 269.90 269.90
Nbr of stocks (in thousands) 412,308 411,564 410,324 411,116 413,210 414,054 - -
Announcement Date 2/3/22 2/3/23 2/9/24 2/7/25 2/6/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.04x2.54x24.23x0.07% 95.73B
12.19x1.05x5.73x4.79% 70.41B
34x4.27x23.21x0.2% 58.02B
25.94x2x19.66x1.18% 55.34B
50.17x3.99x25.34x1.89% 39.47B
27.1x0.68x11.21x2.28% 34.12B
22.9x1.56x14.41x0.2% 33.09B
21.74x0.43x6.87x2.76% 29.68B
4.94x0.31x5.78x5.95% 26.39B
Average 28.22x 1.87x 15.16x 2.15% 49.14B
Weighted average by Cap. 31.60x 2.10x 16.67x 1.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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