Skanska AB: Company Profile and SWOT Analysis - PDF by ICDResearch

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									Skanska AB

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Skanska AB                                                                           Financial Snapshot

                                                                                     Operating Performance
Fast Facts
                                                                                     The company reported revenues of US$16,952.01
Headquarters Address                    Rasundavagen 2, Solna, 169 83,Sweden
                                                                                     million during 2010, with a CARC of -0.10% during
                                                                                     2006–2010. Its revenue declined at an annual rate of
Telephone                               + 4687538800
                                                                                     6.79% over the previous fiscal year. In 2010, the
                                                                                     company recorded an operating margin of 4.47%, as
Fax                                     + 4687551256                                 against 4.34% in 2009.

Website                                 www.skanska.se
                                                                                     Revenue and Margins
Ticker Symbol, Stock Exchange           SKAA, Stockholms Fondboers

Number of Employees                     50,245

Fiscal Year End                         December

Revenue (in US$ million)                16,952.01

Revenue (in SEK million)                122,224.00




SWOT Analysis                                                                        Return on Equity

Strengths                               Weaknesses                                   The company recorded a return on equity (ROE) of
                                                                                     19.46% for 2010, as compared to its peers, VINCI SA
Focus towards health and safety         Declining operational performance            (Ticker: DG), HOCHTIEF AG (Ticker: HOT) and
                                                                                     Strabag SE (Ticker: STR), which recorded ROEs of
                                        Limited focus on non-construction            14.43%, 9.71% and 5.66% respectively. The
Geographically diversified operations                                                company reported an operating margin of 4.47% in
                                        segments
                                                                                     2010.
Improved solvency position
                                                                                     Return on Equity
Opportunities                           Threats

Geographic diversification              Increasing labor costs in US

Growing sustainable construction        Slow recovery of the US construction
market in the UK                        sector
Infrastructure spending in Latin
                                        Volatile input prices affects project cost
America
Rising construction output in Sweden
and Poland




                                                                                     Liquidity Position

                                                                                     The company reported a current ratio of 1.17 in 2010,
                                                                                     as compared to its peers, VINCI SA, HOCHTIEF AG
                                                                                     and Strabag SE, which recorded current ratios of
                                                                                     0.91, 1.24 and 1.26 respectively. As of December
                                                                                     2010, the company recorded cash and short-term
                                                                                     investments of worth US$922.88 million, against
                                                                                     US$33.98 million current debt. The company reported
                                                                                     a debt to equity ratio of 0.07 in 2010 as compared to
                                                                                     its peers, VINCI SA, HOCHTIEF AG and Strabag SE,
                                                                                     which recorded debt to equity ratios of 1.62, 1.09 and
                                                                                     0.50 respectively.




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Skanska AB - SWOT Profile                                                                                                    Page 1
Skanska AB

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Operational Efficiency ......................................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................15
      2.3.2       Efficiency ..........................................................................................................................................................16
      2.3.3       Capital Expenditure ..........................................................................................................................................17
      2.3.4       Valuation ..........................................................................................................................................................18
      2.3.5       Turnover – Inventory and Asset .......................................................................................................................19
      2.3.6       Liquidity ............................................................................................................................................................20
3     Mergers & Acquisitions and Partnerships ..................................................................................
								
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