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Skanska AB
STO:SKA B

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Skanska AB
STO:SKA B
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Price: 250.7 SEK -1.03% Market Closed
Market Cap: kr100.4B

EV/EBITDA

8.6
Current
22%
Cheaper
vs 3-y average of 11

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.6
=
Enterprise Value
kr80.3B
/
EBITDA
kr9.9B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.6
=
Enterprise Value
kr80.3B
/
EBITDA
kr9.9B

Valuation Scenarios

Skanska AB is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (11), the stock would be worth kr323.17 (29% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-2%
Maximum Upside
+74%
Average Upside
37%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.6 kr250.7
0%
3-Year Average 11 kr323.17
+29%
5-Year Average 8.4 kr246.84
-2%
Industry Average 12.4 kr364.76
+45%
Country Average 14.9 kr435.15
+74%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr80.3B
/
Jan 2026
kr9.9B
=
8.6
Current
kr80.3B
/
Dec 2026
kr10.7B
=
7.5
Forward
kr80.3B
/
Dec 2027
kr11.6B
=
6.9
Forward
kr80.3B
/
Dec 2028
kr11.9B
=
6.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
Skanska AB
STO:SKA B
104.9B SEK 8.6 18.2
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 10.9 19.9
US
Quanta Services Inc
NYSE:PWR
93.5B USD 40 91
FR
Vinci SA
PAR:DG
70.9B EUR 6.5 14.4
US
Comfort Systems USA Inc
NYSE:FIX
60.7B USD 41 59.4
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 20.4 33.9
IN
Larsen and Toubro Ltd
F:LTO
46.8B EUR 18.6 30.8
ES
Ferrovial SA
MAD:FER
43.3B EUR 33.5 47.9
NL
Ferrovial SE
AEX:FER
42.3B EUR 33.4 47.6
DE
Hochtief AG
XETRA:HOT
34.5B EUR 12.8 38.2
US
EMCOR Group Inc
NYSE:EME
38.7B USD 21.4 30.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Skanska AB
STO:SKA B
Average EV/EBITDA: 22.5
8.6
6%
1.4
JP
Sumitomo Densetsu Co Ltd
TSE:1949
10.9
N/A N/A
US
Quanta Services Inc
NYSE:PWR
40
22%
1.8
FR
Vinci SA
PAR:DG
6.5
5%
1.3
US
Comfort Systems USA Inc
NYSE:FIX
41
16%
2.6
IN
Larsen & Toubro Ltd
NSE:LT
20.4
18%
1.1
IN
Larsen and Toubro Ltd
F:LTO
18.6
18%
1
ES
Ferrovial SA
MAD:FER
33.5
9%
3.7
NL
Ferrovial SE
AEX:FER
33.4
9%
3.7
DE
H
Hochtief AG
XETRA:HOT
12.8
4%
3.2
US
EMCOR Group Inc
NYSE:EME
21.4
8%
2.7

Market Distribution

Lower than 77% of companies in Sweden
Percentile
23nd
Based on 1 230 companies
23nd percentile
8.6
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

Skanska AB
Glance View

Market Cap
100.4B SEK
Industry
Construction

In the intricate world of construction and development, Skanska AB stands tall as a formidable force driving infrastructure projects across the globe. Originating in Sweden over a century ago, Skanska has grown from a humble project-based company into one of the world's largest construction and project development firms. The company thrives by engaging in complex civil engineering ventures, which include building bridges, highways, hospitals, and commercial buildings. At its core, Skanska operates on a meticulously managed project management model that ensures high efficiency and delivery in each segment of its business. This approach allows the company to balance intricate logistics, budget constraints, and the constant pressure of deadlines, ensuring not only successful project completions but also a robust reputation. Moreover, Skanska's financial health is fortified through its distinctive dual business model, integrating construction with project development. Sleek office towers and serene residential properties are part of their development portfolio, which they own, develop, and eventually divest or lease, generating substantial revenue flows. This model allows Skanska to capitalize on both immediate construction contracts and long-term investments gained from property development. Furthermore, with a keen eye on sustainability, the company innovates continuously, emphasizing environmentally friendly building methods and materials. This focus not only aligns with global sustainability trends but also enhances Skanska's appeal to a growing market of conscientious developers and investors. Hence, through its potent combination of project prowess and sustainable innovation, Skanska secures its position as a vanguard in the rapidly evolving construction industry.

SKA B Intrinsic Value
210.36 SEK
Overvaluation 16%
Intrinsic Value
Price kr250.7
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