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Industrivarden AB Class A
(INDU.A)
Select Model
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Rating:80Outperform
Price Target:
kr612.00
▲(48.54% Upside)
Action:Reiterated
Date:07/12/26
The score is driven primarily by strong financial resilience (very low leverage and solid ROE) and highly favorable valuation (very low P/E). Technicals add support via a positive long-term trend with neutral momentum, while the main risk tempering the score is volatility in reported revenue/earnings and a recent decline in free cash flow.
Positive Factors
Conservative balance sheet with very low leverage
Very low leverage and steady asset/equity growth give Industrivärden durable financial flexibility. Low debt reduces solvency and refinancing risk, enabling the firm to hold positions through cycles, pursue opportunistic stakes and sustain distributions during downturns.
Negative Factors
Meaningful volatility in revenue and earnings
Industrivärden’s earnings and reported revenue are driven by portfolio valuation swings, producing volatile reported results. Such variability complicates predictability of dividends and makes multi-month performance sensitive to external equity market moves and portfolio company outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet with very low leverage
Very low leverage and steady asset/equity growth give Industrivärden durable financial flexibility. Low debt reduces solvency and refinancing risk, enabling the firm to hold positions through cycles, pursue opportunistic stakes and sustain distributions during downturns.
Read all positive factors
Industrivarden AB Class A (INDU.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr233.85B
Dividend Yield1.66%
Average Volume (3M)93.39K
Price to Earnings (P/E)3.6
Beta (1Y)1.16
Revenue Growth-0.22%
EPS Growth379.35%
CountrySE
Employees15
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)145.54
Shares Outstanding210,631,550
10 Day Avg. Volume125,305
30 Day Avg. Volume93,386
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.94
Price to Sales (P/S)18.82
P/FCF Ratio19.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)68.3
Revenue Forecast (FY)kr7.77B
Industrivarden AB Class A Business Overview & Revenue Model
Company Description
AB Industrivärden (publ) is a publicly traded investment company that strategically allocates capital to publicly listed equities across the Nordic region. The firm's investment methodology is grounded in fundamental analysis, meticulously assessi...
How the Company Makes Money
Industrivärden makes money primarily through returns generated by its portfolio of equity investments. Its key earnings drivers are: (1) Dividends received from portfolio companies, which form a recurring cash inflow and can be used to fund operat...
Industrivarden AB Class A Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.52B | 9.53B | 12.92B | 27.20B | -13.88B | 26.73B |
| Gross Profit | 35.43B | 9.53B | 12.73B | 27.00B | -13.96B | 26.69B |
| EBITDA | 63.13B | 35.66B | 12.72B | 26.99B | -13.98B | 26.68B |
| Net Income | 62.86B | 35.40B | 12.65B | 26.84B | -13.97B | 26.59B |
Balance Sheet | ||||||
| Total Assets | 231.37B | 198.90B | 167.44B | 158.53B | 134.76B | 150.75B |
| Cash, Cash Equivalents and Short-Term Investments | 3.93B | 1.34B | 843.00M | 869.00M | 795.00M | 697.00M |
| Total Debt | 6.28B | 7.28B | 7.79B | 8.20B | 8.18B | 7.22B |
| Total Liabilities | 7.07B | 7.88B | 8.27B | 8.65B | 8.58B | 7.67B |
| Stockholders Equity | 224.30B | 191.02B | 159.18B | 149.88B | 126.18B | 143.08B |
Cash Flow | ||||||
| Free Cash Flow | 9.22B | 9.21B | 8.29B | 6.06B | 5.24B | 6.99B |
| Operating Cash Flow | 9.22B | 9.21B | 8.29B | 6.06B | 5.24B | 6.99B |
| Investing Cash Flow | -4.11B | -4.65B | -4.57B | -2.85B | -3.18B | -2.26B |
| Financing Cash Flow | -3.78B | -4.06B | -3.75B | -3.13B | -1.96B | -4.03B |
Industrivarden AB Class A Technical Analysis
Neutral
412.00
Price Trends
534.12
Negative
509.87
Positive
468.55
Positive
Market Momentum
3.91
Positive
40.29
Neutral
10.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INDU.A, the sentiment is Neutral. The current price of 412 is below the 20-day moving average (MA) of 543.75, below the 50-day MA of 534.12, and below the 200-day MA of 468.55, indicating a neutral trend. The MACD of 3.91 indicates Positive momentum. The RSI at 40.29 is Neutral, neither overbought nor oversold. The STOCH value of 10.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:INDU.A.
Industrivarden AB Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | kr233.85B | 3.61 | 31.77% | 2.00% | -0.22% | 379.35% | |
77 Outperform | kr12.37B | 5.36 | 20.54% | 1.88% | 31.65% | 87.59% | |
72 Outperform | kr141.36B | 10.13 | 10.91% | 0.86% | -3.67% | 166.84% | |
63 Neutral | kr20.41B | -5.46 | -19.39% | 1.03% | 8.76% | -3392.98% | |
61 Neutral | kr12.16B | -109.82 | -0.81% | 3.70% | -33.02% | -140.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | kr15.67B | -2.17 | -21.95% | ― | 400.00% | -184.07% |
* General Sector Average
SE:INDU.A
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.