Sweco SWEC-B.ST
SwedenIndustrials · Engineering & ConstructionNasdaq Estocolmo · SEK
170.50 SEK (+33.2%)
6 analysts
XTB1.00 €affiliateOpen account ↗
Interactive Brokers4.74 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗Interactive Brokers4.74 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
Sweco AB is a European engineering and architecture consultancy offering design, consulting, and project management services for infrastructure, buildings, water, energy, and the environment, with a business model based on knowledge and billing by the hour for its professionals.
Listed on Nasdaq Estocolmo · Symbol SWEC-B.ST · STO: SWEC-B · Currency SEK
Key points
from its scores- ✓Favourable backdrop7.1
- ✓Strong growth7.0
- ✕Poor share-price trend2.0
AI analysis
bottom line, main risk, context and newsSweco's quality and growth justify its valuation, but the weak momentum and lack of clear short-term catalysts suggest waiting for a better entry point or confirmation that the slowdown does not materialize.
Sweco presents solid fundamentals: ROE of 18.76%, operating margin of 10.45%, and earnings growth of 21.20%, with a free cash flow conversion of 74.51%. The valuation (P/E 20.32x) is reasonable for the quality of the business, although the negative momentum (-17.88%) and the 10th percentile position in its 52-week range suggest the market has already priced in a slowdown or execution risk.
The main risk is dependence on public and private investment in infrastructure and construction in its Nordic and European markets; an economic slowdown or spending cuts in these sectors could reduce demand for its services and pressure its margins.
Context and risks
Sweco is an engineering and architecture consultancy headquartered in Sweden, a country with solid institutions and minority shareholder protection. Its professional services business has no material exposure to interest rates, oil prices, or conflict-affected shipping routes. The main risk is the execution of its growth strategy and the evolution of demand for its services, not the macro context.
Is Sweco stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 16% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 20.3 | 25.4 | −20% |
| EV / EBITDA | 12.9 | 14.5 | −11% |
| Price / book | 3.7 | 4.1 | −10% |
| Price / sales | 1.4 | 2.1 | −31% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.2 out of 10 (median for Industrials: 5.0).
Average analyst target: 170.50 SEK, +33.2% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.3 (sector 6.4), Growth 7.0 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 20.3
- Forward P/E
- 17.7
- EV / EBITDA
- 12.9
- Price / book
- 3.7
- Price / sales
- 1.4
- PEG
- 4.61
- Market cap
- 46.2B SEK
- Enterprise value
- 52.7B SEK
Profitability
- ROE
- 18.8%
- ROA
- 7.8%
- ROIC (approx.)
- 17.2%
- Gross margin
- 33.9%
- Operating margin
- 10.4%
- Net margin
- 7.0%
- Free cash flow
- 3.0B SEK
- FCF yield
- 6.6%
- Cash conversion
- 75%
Solvency
- Total debt
- 7.2B SEK
- Net debt
- 6.5B SEK
- Cash
- 663.0M SEK
- EBITDA
- 4.1B SEK
- Net debt / EBITDA
- 1.59
- Debt / equity
- 56.53
- Current ratio
- 1.12
- Quick ratio
- 0.06
Growth
- Revenue growth
- +9.4%
- Earnings growth
- +21.2%
- EPS (TTM)
- 6.30 SEK
- EPS (forward)
- 7.23 SEK
Dividend
- Dividend yield
- 2.9%
- Payout
- 58.7%
Risk and market
- Beta
- 0.87
- Analyst consensus
- Strong buy (6)
- Target price
- 170.50 SEK
- 52-week range
- 122.00 – 179.80
Recent news
All SWEC-B.ST news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Sweco
Is Sweco stock cheap or expensive?
On P/E and EV / EBITDA, it trades 16% below the Industrials median on average. Valuation score: 6.2 out of 10 (median for Industrials: 5.0). Average analyst target: 170.50 SEK, +33.2% versus the price. This is not investment advice.
What score does Sweco get on MeridIAn Screener?
It scores 6.3 out of 10, rank 770 of 2,130 (better than 63% of the companies analysed). Its strongest category is Risk & Context (7.1) and its weakest, Momentum (2.0). Analysis of 08/10/2026.
What is Sweco's P/E ratio?
Its P/E is 20.3: the share price equals 20.3 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 17.7.
How much is Sweco worth on the stock market?
Its market capitalisation is 46.2B SEK and its enterprise value, debt included, is 52.7B SEK.
How much debt does Sweco have?
Its net debt (debt minus cash) is 6.5B SEK. That is 1.59 times its EBITDA; the Industrials median is 1.58.
Does Sweco pay a dividend?
Yes: its dividend yield is 2.89% and it pays out 59% of its earnings.
How has Sweco stock performed over the last year?
It has fallen 17.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 122.00 and 179.80 SEK. Past performance does not guarantee future results.
What do analysts think of Sweco?
6 analysts cover it; their average recommendation is “Strong buy” and their average target is 170.50 SEK (+33.2% versus the price). It is an estimate, not market data.