Skanska AB (publ) (SKA-B.ST) stock analysis

In our weekly check, Skanska AB (publ) is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 6, red flags: 4.

About Skanska AB (publ)

Skanska AB (publ) is an Industrials company (Engineering & Construction) based in Sweden, listed on STO as SKA-B.ST.

What our checks show for SKA-B.ST

Red flags

• The gross margin fell by 2 points, to 8.9%: costs are rising faster than prices.
• The net margin is only 3.8%: little room if costs rise.
• The stock has fallen as much as 67% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5.9 years.

Warning signs

• The net margin fell by 1 points over 5 years, to 3.8%: the company keeps less of each sale as profit.
• Revenue grew only 2.2% a year over the last 3 years.
• Earnings per share fell 7.2% a year over the last 3 years.
• Net profit fell 7.1% a year over the last 3 years.
• Free cash flow is only 2.4% of revenue.
• Return on capital (ROCE) is only 9.1%.

Strengths

• Net debt is only 0.4x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 18.1 times over.
• The dividend takes 2% of profit: there is a cushion.
• A large company: market value $10.75 billion.
• Pay in shares is only 6.8% of free cash flow.

Next earnings report: 2026-11-05

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Questions

What grade does Skanska AB (publ) (SKA-B.ST) have?

In our weekly check, Skanska AB (publ) is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 6, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SKA-B.ST stock?

This week's biggest flags for Skanska AB (publ): Gross margin falling, Thin margins, Deep past fall. In total 10 of 25 checks show a warning or a red flag.

What does Skanska AB (publ) do?

Skanska AB (publ) is an Industrials company (Engineering & Construction) based in Sweden, listed on STO as SKA-B.ST.

When does Skanska AB (publ) report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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