Peab AB B

Peab AB is a construction and civil engineering company. Co. has four business areas: Construction, which performs contract work for external customers and the other units and includes construction of homes and premises to renovation and construction maintenance; Civil Engineering, which engages in the local civil engineering market and in infrastructure projects such as bridges, roads and railways and the management and maintenance of streets and roads; Industry, which delivers asphalt, cement, foundations, electricity, transportation, machine and crane services and prefab to external customers and the other units; and Project Development, which develops housing and commercial property.
  • TickerPEAB B
  • ISINSE0000106205
  • ExchangeNasdaq Nordic Stockholm
  • SectorConstruction & Materials
  • CountrySweden
Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Simen Mortensen

Peab (Buy, TP: SEK95.00) - Solid Q2; forecasts raised

Q2 beat our forecasts and consensus across the board, with the exception of the volatile PD division. We note also the Industry division reported better than expected results after the takeover of YIT’s paving operations. Order intake was better than expected too. On higher earnings forecasts, we have raised our target price to SEK95 (85); we reiterate our BUY.

Staffan Bulow ...
  • Tobias Kaj

Peab - COVID-19 not enough to rock earnings stability

18th consecutive quarter without project write-downs Revenue boost from YIT acquisitions – EBIT to follow T12m P/E of 11x implies low margin expectations

Staffan Bulow ...
  • Tobias Kaj

Peab - Again a very solid set of numbers

EBIT SEK 661m +5% vs ABGSCe and +3% vs cons. Fewer units sold for RD but selling ratio at 70% (65%) 2021e P/E of 11x and large hidden real estate values

A director bought 6,000 shares at 87.180SEK and

A director at Peab Ab bought 6,000 shares at 87.180SEK and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Simen Mortensen

Peab (Buy, TP: SEK95.00) - Solid Q2; forecasts raised

Q2 beat our forecasts and consensus across the board, with the exception of the volatile PD division. We note also the Industry division reported better than expected results after the takeover of YIT’s paving operations. Order intake was better than expected too. On higher earnings forecasts, we have raised our target price to SEK95 (85); we reiterate our BUY.

Staffan Bulow ...
  • Tobias Kaj

Peab - COVID-19 not enough to rock earnings stability

18th consecutive quarter without project write-downs Revenue boost from YIT acquisitions – EBIT to follow T12m P/E of 11x implies low margin expectations

Staffan Bulow ...
  • Tobias Kaj

Peab - Again a very solid set of numbers

EBIT SEK 661m +5% vs ABGSCe and +3% vs cons. Fewer units sold for RD but selling ratio at 70% (65%) 2021e P/E of 11x and large hidden real estate values

Simen Mortensen

Covid-19 fallout only delayed

We expect still-limited direct Covid-19 effects in P&Ls for the Nordic construction names in Q2. However, as a late-cycle sector, we are concerned about a pandemic aftershock, and do not believe public sector spending will offset slower newbuild sales and lower private sector demand beyond 2020. Valuations of some of the names we cover look rich, but we maintain a neutral sector view. NRC and Bonava remain our top sector picks.

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Christer Magnergård ...
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

PEAB AB with less fundamental stars is reduced to Neutral

PEAB AB (SE), a company active in the Heavy Construction industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 13, 2020, the closing price was SEK 71.00 and its expected value was estimated at SEK 96.28.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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