Sweco AB
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 analysis and environmental certification, fire safe…
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 analysis and environmental certification, fire safety engineering and risk analysis, and HVAC and sanitation, as well as design of electrical, telecom, and security systems; building construction and industrial structures design, and construction economics, as well as steel, timber, and glass structures design; statistics and forecasts, analysis and strategy, studies, and planning and design; project and design management, property development and management, and site supervision; and systems development and big data, data coordination and BIM, 3D visualization and geographical analyses, and strategy and operational support services, as well as Twinfinity, a BIM platform. The company offers energy production studies, transmission and distribution planning, and energy market analysis and optimization advice; water and wastewater engineering, water resource planning, urban water management, and design of flood protection structures; waste management planning and advice, environmental studies and impact assessments, and chemical substances and associated legislation; and process engineering, plant design, and logistics planning services. It provides road and land use planning, rock excavation design and geotechnical engineering, bridge design, port master planning, and surveying; tracks, electricity, signaling, telecoms, and operation and maintenance; and capacity, accessibility, and strategic planning services, as well as intelligent transportation systems. The company also offers urban planning; landscape, building, and interior architecture; and cultural heritage and lighting design services. The company was founded in 1889 and is headquartered in Stockholm, Sweden.Looks overvalued
5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Details and the full model are below.
Market price above modeled range
Showing the EPS-based Gordon proxy you selected on the company card, using 7.39% growth, 2.7% terminal growth and 10% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 7.39%, discount rate 10%, terminal growth 2.70% (sector defaults). See a worked example.
Blended growth assumption: 7.4% (sector default 6.2%, own revenue history 9.1%, analyst revenue consensus 7.1%).
Analyst consensus expects revenue growth of 7.1% a year; the growth assumption used is 7.4%.
Adjust assumptions
Show the recommended model instead
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — SEK 138.93 (-2.8%)
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EPS-based Gordon proxy
— SEK 92.53 (-35.3%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— SEK 138.93 (-2.8%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— SEK 110.74 (-22.6%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— SEK 145.92 (+2.0%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— SEK 137.93 (-3.5%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— SEK 390.92 (+173.4%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear SEK 71.93 | -98.8% |
| Base SEK 92.53 | -54.5% |
| Bull SEK 107.22 | -33.4% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 90 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +8.0% a year | 20 / 20 |
| Balance sheet | net debt 1.4x EBITDA | 20 / 20 |
| Margins | EBITDA margin 15% | 10 / 20 |
Peers in Industrials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| SWEC-B.ST (this company) | SEK 143.00 | -2.9% | 21.7 | 3.8 | 2.3% | 90 |
| EZJ.L easyJet plc | GBP 6.88 | 74.3% | 10.6 | 1.5 | 1.7% | 78 |
| WAWI.OL Wallenius Wilhelmsen ASA | NOK 160.80 | 64.7% | 7.1 | 2.2 | 0.3% | 100 |
| IAG.L International Consolidated Airlines Group S.A. | GBP 4.37 | 58.9% | 8.0 | 3.5 | 1.8% | 92 |
| TPK.L Travis Perkins plc | GBP 6.54 | 54.7% | – | 0.8 | 2.1% | 46 |
| SRP.L Serco Group plc | GBP 2.77 | 46.2% | 19.7 | 3.3 | 1.5% | 82 |
| DFDS.CO DFDS A/S | DKK 157.30 | 45.9% | – | 0.6 | – | 64 |
| DG.PA VINCI SA | EUR 111.75 | 42.2% | 12.9 | 2.1 | 4.2% | 90 |
| HAFNI.OL Hafnia Limited | NOK 89.00 | 40.8% | 7.2 | 1.8 | 1.2% | 100 |
| Peer median | 9.3 | 1.9 | ||||
Dividends
Paid in the last 12 months: SEK 3.70 per share · yield 2.59% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 3.700 |
| 2025 | 3.300 |
| 2024 | 2.950 |
| 2023 | 2.700 |
| 2022 | 2.450 |
| 2021 | 2.200 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 13:38
| Revenue | SEK 33,055,000,000 |
|---|---|
| EBITDA | SEK 4,956,000,000 |
| EBIT | SEK 3,375,000,000 |
| Net income | SEK 2,376,000,000 |
| Free cash flow | SEK 3,324,000,000 |
| Capital expenditures | SEK 454,000,000 |
| Debt | SEK 7,394,000,000 |
| Cash | SEK 634,000,000 |
| Working capital | SEK 1,805,000,000 |
| Shares outstanding | 361,240,754 |