Industrivarden AB Class A (INDU.A) AI Stock Analysis

• Market Cap: kr202.16B
• Dividend Yield: 2%
• Average Volume (3M): 93.39K
• Price to Earnings (P/E): 5.1
• Beta (1Y): 1.10
• Revenue Growth: 13.97%
• EPS Growth: -56.08%
• Country: SE
• Employees: 15
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): 42.64
• Shares Outstanding: 211,644,300
• 10 Day Avg. Volume: 125,305
• 30 Day Avg. Volume: 93,386
• PEG Ratio: 0.03
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 18.82
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 29.46
• Revenue Forecast (FY): kr8.59B

• Rating: 76 Outperform
• Price Target: kr545.00 ▲(32.28% Upside)
• Action: Reiterated Date: 02/09/26
• Date: Action: Reiterated 02/09/26

The score is driven by a conservative, well-capitalized balance sheet and an attractive low P/E valuation. Technicals are supportive due to a strong uptrend, but overbought momentum indicators (high RSI and Stochastics) add near-term risk. The main fundamental offset is earnings and cash-flow volatility, including a sharp 2025 slowdown and weakened free cash flow.

Positive Factors

Conservative balance sheet

Very low leverage and a large equity base materially increase financial resilience, allowing Industrivärden to hold through downturns, continue activist investments and support dividends or strategic capital allocation. This durability supports long-term portfolio value creation and reduces refinancing risk.

Negative Factors

Earnings and cash-flow volatility

Material earnings and cash‑flow volatility reduces predictability of NAV, dividend streams and capital deployment. Sharp swings constrain multi‑year planning for buybacks or interventions, may require larger liquidity buffers, and raise the risk of forced asset sales in weaker market cycles.

Industrivarden AB Class A Business Overview & Revenue Model

Company Description

AB Industrivärden is a publicly owned investment manager. The firm invests in the public equity markets of Nordic region. It employs fundamental analysis, with a focus on factors like long term return potential, proven business model, balance betw...

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AB Industrivärden is a publicly owned investment manager. The firm invests in the public equity markets of Nordic region. It employs fundamental analysis, with a focus on factors like long term return potential, proven business model, balance betw...

How the Company Makes Money

Industrivärden generates revenue primarily through capital appreciation of its investment portfolio and dividend income from its holdings in various companies. The company earns money by holding and managing significant stakes in leading firms, al...

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Industrivärden generates revenue primarily through capital appreciation of its investment portfolio and dividend income from its holdings in various companies. The company earns money by holding and managing significant stakes in leading firms, al...

Industrivarden AB Class A Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.30B	9.53B	12.92B	27.20B	-13.88B	26.73B
Gross Profit	13.16B	9.53B	12.73B	27.00B	-13.96B	26.69B
EBITDA	13.16B	35.66B	12.72B	26.99B	-13.98B	26.68B
Net Income	13.11B	35.40B	12.65B	26.84B	-13.97B	26.59B
Balance Sheet
Total Assets	172.00B	198.90B	167.44B	158.53B	134.76B	150.75B
Cash, Cash Equivalents and Short-Term Investments	2.60B	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	6.78B	7.88B	8.27B	8.65B	8.58B	7.67B
Stockholders Equity	165.22B	191.02B	159.18B	149.88B	126.18B	143.08B
Cash Flow
Free Cash Flow	9.25B	0.00	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	-4.86B	-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

• Technical Analysis Sentiment: Positive
• Last Price: 412.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 470.16, below the 50-day MA of 474.13, and above the 200-day MA of 405.95, indicating a neutral trend. The MACD of -3.94 indicates Negative momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 86.34 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUND.B	78 Outperform	kr132.18B	10.50	6.47%	0.92%	7.90%	-18.95%
INDU.A	76 Outperform	kr202.16B	5.07	20.35%	2.00%	13.97%	-56.08%
CRED.A	63 Neutral	kr9.22B	12.56	11.24%	2.18%	4.72%	-38.28%
RATO.B	56 Neutral	kr10.77B	-18.24	6.59%	3.70%	-22.65%	-14.05%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
BURE	53 Neutral	kr16.12B	-3.91	-23.18%	1.13%	22.38%	-153.85%
KINV.B	47 Neutral	kr13.99B	-6.93	0.33%	―	-97.64%	―