Want to see SE:INDU.A full AI Analyst Report?
Top Page
Industrivarden AB Class A
(INDU.A)
Select Model
Select Model
Rating:81Outperform
Price Target:
kr627.00
▲(52.18% Upside)
Action:Reiterated
Date:07/04/26
The score is driven primarily by strong financial resilience (notably the low-leverage balance sheet) and clear positive technical momentum (price above major moving averages with a positive MACD). Valuation is also supportive due to a low P/E, while the main offset is the business’s historical earnings/revenue volatility and less consistent cash-flow momentum.
Positive Factors
Balance-sheet strength
Very low leverage (debt-to-equity ~3.6% TTM) provides durable financial flexibility for a holding company. It reduces refinancing and solvency risk, allows Industrivärden to sustain payouts and opportunistic share purchases through market downturns, and supports active long-term ownership.
Negative Factors
Earnings and revenue volatility
Material swings in reported earnings and revenue, including a loss year in 2022, reflect sensitivity to market revaluations and portfolio performance. This volatility undermines predictability of dividends and total returns for a long-term investor and complicates multi-quarter planning for capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Very low leverage (debt-to-equity ~3.6% TTM) provides durable financial flexibility for a holding company. It reduces refinancing and solvency risk, allows Industrivärden to sustain payouts and opportunistic share purchases through market downturns, and supports active long-term ownership.
Read all positive factors
Industrivarden AB Class A (INDU.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr229.55B
Dividend Yield2%
Average Volume (3M)93.39K
Price to Earnings (P/E)3.6
Beta (1Y)1.13
Revenue Growth-0.22%
EPS Growth379.35%
CountrySE
Employees15
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)92.78
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 Target
kr485.00Price Target Upside17.72% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering1
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
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.00B | 9.53B | 12.92B | 27.20B | -13.88B | 26.73B |
| Gross Profit | 32.89B | 9.53B | 12.73B | 27.00B | -13.96B | 26.69B |
| EBITDA | 40.25B | 35.66B | 12.72B | 26.99B | -13.98B | 26.68B |
| Net Income | 40.07B | 35.40B | 12.65B | 26.84B | -13.97B | 26.59B |
Balance Sheet | ||||||
| Total Assets | 211.38B | 198.90B | 167.44B | 158.53B | 134.76B | 150.75B |
| Cash, Cash Equivalents and Short-Term Investments | 337.00M | 1.34B | 843.00M | 869.00M | 795.00M | 697.00M |
| Total Debt | 7.28B | 7.28B | 7.79B | 8.20B | 8.18B | 7.22B |
| Total Liabilities | 7.93B | 7.88B | 8.27B | 8.65B | 8.58B | 7.67B |
| Stockholders Equity | 203.44B | 191.02B | 159.18B | 149.88B | 126.18B | 143.08B |
Cash Flow | ||||||
| Free Cash Flow | 9.25B | 9.21B | 8.29B | 6.06B | 5.24B | 6.99B |
| Operating Cash Flow | 9.25B | 9.21B | 8.29B | 6.06B | 5.24B | 6.99B |
| Investing Cash Flow | -4.59B | -4.65B | -4.57B | -2.85B | -3.18B | -2.26B |
| Financing Cash Flow | -4.56B | -4.06B | -3.75B | -3.13B | -1.96B | -4.03B |
Industrivarden AB Class A Technical Analysis
Positive
412.00
Price Trends
511.74
Positive
494.21
Positive
447.38
Positive
Market Momentum
7.03
Positive
55.79
Neutral
34.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INDU.A, the sentiment is Positive. The current price of 412 is below the 20-day moving average (MA) of 530.00, below the 50-day MA of 511.74, and below the 200-day MA of 447.38, indicating a bullish trend. The MACD of 7.03 indicates Positive momentum. The RSI at 55.79 is Neutral, neither overbought nor oversold. The STOCH value of 34.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | kr229.55B | 3.60 | 20.35% | 2.00% | -0.22% | 379.35% | |
72 Outperform | kr137.52B | 10.04 | 6.47% | 0.92% | -3.67% | 166.84% | |
70 Outperform | kr11.03B | 19.78 | 11.24% | 2.18% | 8.58% | -60.72% | |
63 Neutral | kr11.08B | -15.03 | 6.59% | 3.70% | -40.76% | -255.05% | |
63 Neutral | kr19.12B | -4.99 | -23.18% | 1.13% | 8.76% | -3392.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | kr14.56B | -1.96 | 0.33% | ― | 400.00% | -184.07% |
* General Sector Average
SE:INDU.A
Industrivarden AB Class A
532.50
175.15
49.01%
SE:KINV.B
Kinnevik AB
50.74
-41.76
-45.15%
SE:LUND.B
L E Lundbergfoeretagen AB
553.50
73.86
15.40%
SE:RATO.B
Ratos AB
33.82
-2.83
-7.73%
SE:CRED.A
Creades AB
81.10
3.95
5.12%
SE:BURE
Bure Equity AB
257.00
-33.61
-11.57%
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.