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Skanska Group

Skanska's Cash & Cash Equivalents remain unchanged yoy at SEK mil in 4Q2014

By Helgi Library - October 12, 2020

Skanska Group's total assets reached SEK 92,774 mil at the end of 4Q2014, up 5.75% compared to the previous year. ...

Skanska's Cash & Cash Equivalents rose 24.7% yoy to SEK 9,107 mil in 2014

By Helgi Library - April 2, 2020

Skanska Group's total assets reached SEK 92,774 mil at the end of 2014, up 5.75% compared to the previous year. Cu...

Profit Statement Jun 2014 Sep 2014 Dec 2014
Sales SEK mil 34,941 39,991 40,643
Gross Profit SEK mil 3,057 3,747 3,955
EBIT SEK mil 1,090 1,977 1,720
Financing Cost SEK mil 66.0 68.0 90.0
Pre-Tax Profit SEK mil 1,024 1,909 1,630
Net Profit SEK mil 765 1,397 1,258
Balance Sheet Jun 2014 Sep 2014 Dec 2014
Total Assets SEK mil 86,560 91,478 92,774
Non-Current Assets SEK mil 18,166 18,778 18,007
Current Assets SEK mil 68,394 72,700 74,767
Working Capital SEK mil -4,456 -4,810 -6,191
Shareholders' Equity SEK mil 19,349 20,307 21,405
Liabilities SEK mil 67,211 71,171 71,369
Total Debt SEK mil 26,955 27,910 25,743
Net Debt SEK mil 23,932 23,346 16,636
Ratios Jun 2014 Sep 2014 Dec 2014
ROE % 15.3 17.0 18.7
ROCE % 24.1 26.8 29.2
Gross Margin % 8.67 8.86 9.15
EBIT Margin % 3.44 3.64 3.77
Net Margin % 2.30 2.48 2.68
Net Debt/Equity 1.24 1.15 0.777
Cost of Financing % 0.816 0.824 1.06
Valuation Jun 2014 Sep 2014 Dec 2014
Market Capitalisation USD mil ... ... ...
Enterprise Value (EV) USD mil ... ... ...
Number Of Shares mil ... ... ...
Share Price CZK ... ... ...
EV/Sales ... ... ...
Price/Earnings (P/E) ... ... ...
Price/Book Value (P/BV) ... ... ...
Dividend Yield % ... ... ...

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summary Unit Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015
income statement                                                        
Sales SEK mil                                           34,941 39,991 40,643 ... ... ... ...
Gross Profit SEK mil                                           3,057 3,747 3,955 ... ... ... ...
EBIT SEK mil                                           1,090 1,977 1,720 ... ... ... ...
Net Profit SEK mil                                           765 1,397 1,258 ... ... ... ...
ROE %                                           15.3 17.0 18.7 ... ... ... ...
EBIT Margin %                                           3.44 3.64 3.77 ... ... ... ...
Net Margin %                                           2.30 2.48 2.68 ... ... ... ...
balance sheet                                                        
Total Assets SEK mil                                           86,560 91,478 92,774 ... ... ... ...
Non-Current Assets SEK mil                                           18,166 18,778 18,007 ... ... ... ...
Current Assets SEK mil                                           68,394 72,700 74,767 ... ... ... ...
Shareholders' Equity SEK mil                                           19,349 20,307 21,405 ... ... ... ...
Liabilities SEK mil                                           67,211 71,171 71,369 ... ... ... ...
Non-Current Liabilities SEK mil                                           11,681 12,379 12,733 ... ... ... ...
Current Liabilities SEK mil                                           55,530 58,792 58,636 ... ... ... ...
Net Debt/Equity                                           1.24 1.15 0.777 ... ... ... ...
Cost of Financing % ... ... ...                                     0.816 0.824 1.06 ... ... ... ...
cash flow                                                        
Total Cash From Operations SEK mil                                           702 2,079 4,888 ... ... ... ...
Total Cash From Investing SEK mil                                           -572 -444 1,149 ... ... ... ...
Total Cash From Financing SEK mil                                           -1,812 -228 -1,720 ... ... ... ...
Net Change In Cash SEK mil                                           -1,682 1,407 4,317 ... ... ... ...
valuation                                                        
Market Capitalisation USD mil ... ... ...                                   ... ... ... ... ... ... ... ...
Number Of Shares mil ... ... ...                                     ... ... ... ... ... ... ...
Share Price CZK ... ... ...                                   ... ... ... ... ... ... ... ...
Earnings Per Share (EPS) SEK ... ... ...                                   ... ... ... ... ... ... ... ...
Book Value Per Share SEK ... ... ...                                     ... ... ... ... ... ... ...
Dividend Per Share SEK ... ... ...                                   ... ... ... ... ... ... ... ...
Price/Earnings (P/E) ... ... ...                                   ... ... ... ... ... ... ... ...
Price/Book Value (P/BV) ... ... ...                                   ... ... ... ... ... ... ... ...
Dividend Yield % ... ... ...                                   ... ... ... ... ... ... ... ...
Earnings Per Share Growth % ... ... ... ... ... ... ...                           ... ... ... ... ... ... ... ...
Book Value Per Share Growth % ... ... ... ... ... ... ...                           ... ... ... ... ... ... ... ...
income statement Unit Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015
income statement                                                        
Sales SEK mil                                           34,941 39,991 40,643 ... ... ... ...
Cost of Goods & Services SEK mil                                           31,884 36,244 36,688 ... ... ... ...
Gross Profit SEK mil                                           3,057 3,747 3,955 ... ... ... ...
Other Cost SEK mil                                           1,967 1,770 2,235 ... ... ... ...
EBIT SEK mil                                           1,090 1,977 1,720 ... ... ... ...
Financing Cost SEK mil                                           66.0 68.0 90.0 ... ... ... ...
Extraordinary Cost SEK mil                                           0 0 0 ... ... ... ...
Pre-Tax Profit SEK mil                                           1,024 1,909 1,630 ... ... ... ...
Tax SEK mil                                           255 511 371 ... ... ... ...
Minorities SEK mil                                           4.00 1.00 1.00 ... ... ... ...
Net Profit SEK mil                                           765 1,397 1,258 ... ... ... ...
growth rates                                                        
Total Revenue Growth % ... ... ... ...                                   7.28 11.8 5.67 ... ... ... ...
Operating Cost Growth % ... ... ... ...                                   15.2 13.5 17.6 -100 -100    
EBIT Growth % ... ... ... ...                                   -9.17 27.1 18.9 ... ... ... ...
Pre-Tax Profit Growth % ... ... ... ...                                   -8.90 28.0 15.0 ... ... ... ...
Net Profit Growth % ... ... ... ...                                   -8.05 34.6 36.7 ... ... ... ...
ratios                                                        
ROE %                                           15.3 17.0 18.7 ... ... ... ...
ROCE % ... ... ...                                     24.1 26.8 29.2 ... ... ... ...
Gross Margin %                                           8.67 8.86 9.15 ... ... ... ...
EBIT Margin %                                           3.44 3.64 3.77 ... ... ... ...
Net Margin %                                           2.30 2.48 2.68 ... ... ... ...
Payout Ratio %                                           0 0 0 ... ... ... ...
Cost of Financing % ... ... ...                                     0.816 0.824 1.06 ... ... ... ...
balance sheet Unit Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015
balance sheet                                                        
Non-Current Assets SEK mil                                           18,166 18,778 18,007 ... ... ... ...
Property, Plant & Equipment SEK mil                                           7,199 7,241 7,122 ... ... ... ...
Intangible Assets SEK mil                                           5,477 5,683 5,740 ... ... ... ...
Goodwill SEK mil                                           5,069 5,226 5,276 ... ... ... ...
Current Assets SEK mil                                           68,394 72,700 74,767 ... ... ... ...
Inventories SEK mil                                           1,133 1,002 1,017 ... ... ... ...
Receivables SEK mil                                           24,244 26,312 26,288 ... ... ... ...
Cash & Cash Equivalents SEK mil                                           3,023 4,564 9,107 ... ... ... ...
Total Assets SEK mil                                           86,560 91,478 92,774 ... ... ... ...
Shareholders' Equity SEK mil                                           19,349 20,307 21,405 ... ... ... ...
Of Which Minority Interest SEK mil                                           150 151 154 ... ... ... ...
Liabilities SEK mil                                           67,211 71,171 71,369 ... ... ... ...
Non-Current Liabilities SEK mil                                           11,681 12,379 12,733 ... ... ... ...
Long-Term Debt SEK mil                                           7,165 7,121 7,112 ... ... ... ...
Deferred Tax Liabilities SEK mil                                           881 999 966 ... ... ... ...
Current Liabilities SEK mil                                           55,530 58,792 58,636 ... ... ... ...
Short-Term Debt SEK mil                                           19,790 20,789 18,631 ... ... ... ...
Trade Payables SEK mil                                           29,833 32,124 33,496 ... ... ... ...
Provisions SEK mil                                           5,578 5,478 6,005 ... ... ... ...
Equity And Liabilities SEK mil                                           86,560 91,478 92,774 ... ... ... ...
growth rates                                                        
Total Asset Growth % ... ... ... ...                                   0.130 5.09 5.75 ... ... ... ...
Shareholders' Equity Growth % ... ... ... ...                                   -0.601 -0.806 0.192 ... ... ... ...
Net Debt Growth % ... ... ... ...                                   0.593 -0.405 -9.51 ... ... ... ...
Total Debt Growth % ... ... ... ...                                   -0.930 3.51 0.218 ... ... ... ...
ratios                                                        
Total Debt SEK mil                                           26,955 27,910 25,743 ... ... ... ...
Net Debt SEK mil                                           23,932 23,346 16,636 ... ... ... ...
Working Capital SEK mil                                           -4,456 -4,810 -6,191 ... ... ... ...
Capital Employed SEK mil                                           13,710 13,968 11,816 ... ... ... ...
Net Debt/Equity                                           1.24 1.15 0.777 ... ... ... ...
Cost of Financing % ... ... ...                                     0.816 0.824 1.06 ... ... ... ...
cash flow Unit Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015
cash flow                                                        
Net Profit SEK mil                                           765 1,397 1,258 ... ... ... ...
Change in Working Capital SEK mil ...                                         -141 354 1,381 ... ... ... ...
Total Cash From Operations SEK mil                                           702 2,079 4,888 ... ... ... ...
Total Cash From Investing SEK mil                                           -572 -444 1,149 ... ... ... ...
Issuance Of Debt SEK mil ...                                         1,719 955 -2,167 ... ... ... ...
Total Cash From Financing SEK mil                                           -1,812 -228 -1,720 ... ... ... ...
Net Change In Cash SEK mil                                           -1,682 1,407 4,317 ... ... ... ...
ratios                                                        
Days Sales Outstanding days                                           64.6 68.0 66.9 ... ... ... ...
Days Sales Of Inventory days                                           3.31 2.84 2.85 ... ... ... ...
Days Payable Outstanding days                                           87.1 91.1 93.9 ... ... ... ...
Cash Conversion Cycle days                                           -19.1 -20.3 -24.1 ... ... ... ...
Free Cash Flow SEK mil                                           130 1,635 6,037 ... ... ... ...
Free Cash Flow Yield % ... ... ...                                   ... ... ... ... ... ... ... ...
other data Unit Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015
other data                                                        
ROA %                                           3.64 4.00 4.33 ... ... ... ...
Gross Margin %                                           8.67 8.86 9.15 ... ... ... ...
Staff Cost (As % Of Total Cost) %                                           0 0 0 ... ... ... ...
Effective Tax Rate %                                           29.9 28.6 24.9 ... ... ... ...
Enterprise Value (EV) USD mil ... ... ...                                   ... ... ... ... ... ... ... ...
EV/Capital Employed ... ... ...                                   ... ... ... ... ... ... ... ...
EV/Sales ... ... ...                                   ... ... ... ... ... ... ... ...
EV/EBIT ... ... ...                                   ... ... ... ... ... ... ... ...

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Skanska AB is a Sweden-based construction and project development company. The Company’s operations are divided into four operating segments: Construction, which includes both building construction and civil construction; Residential Development, which develops residential projects for immediate sale; Commercial Property Development, which initiates, develops, leases and divests commercial property projects, and Infrastructure Development, which specializes in identifying, developing and investing in privately financed infrastructure projects, such as highways, hospitals and power generating plants. Skanska AB has operations in the Nordic countries, Poland, the Czech Republic, Hungary and the United States, among others.

Finance

Skanska Group has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of in 2015, or of sales. That’s compared to % average margin seen in last five years.

The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were 22.2% and 37.5%, respectively when looking at the previous 5 years.

Skanska Group’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, up when compared to average of x seen in the last 5 years.

Valuation

Skanska Group stock traded at per share at the end of 2015 resulting in a market capitalization of . Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of x and price to earnings (PE) of x as of 2015.