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

• Market Cap: kr201.51B
• Dividend Yield: 2.02%
• Average Volume (3M): 267.93K
• Price to Earnings (P/E): 2.4
• Beta (1Y): 1.11
• 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: 220,254,800
• 10 Day Avg. Volume: 281,497
• 30 Day Avg. Volume: 267,928
• PEG Ratio: 0.03
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 5.02
• 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: kr547.00 ▲(33.03% Upside)
• Action: Reiterated Date: 02/08/26
• Date: Action: Reiterated 02/08/26

The score is driven by a very strong balance sheet and attractive valuation (low P/E), supported by strong technical uptrend signals. Offsetting these positives, financial results are volatile, with significant 2025 profitability compression and free-cash-flow dropping to zero, which reduces confidence in earnings/cash-flow durability.

Positive Factors

Conservative balance sheet & low leverage

Very low leverage and a large equity base provide durable financial flexibility. This reduces refinancing and liquidity risk, enabling Industrivarden to hold through market cycles, support portfolio companies, fund opportunistic purchases, and maintain distributions without relying on debt markets.

Negative Factors

Earnings and revenue volatility

Large year-to-year swings in reported revenue and margins reflect valuation and portfolio timing effects, reducing predictability of reported earnings and making cash flows harder to forecast. That volatility complicates dividend planning and investor assessment of sustainable earnings.

Industrivarden AB Class C 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

Industrivarden AB generates revenue primarily through capital appreciation and dividend income from its investments in publicly traded companies. The company holds significant stakes in well-established companies, which provide steady dividend pay...

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Industrivarden AB generates revenue primarily through capital appreciation and dividend income from its investments in publicly traded companies. The company holds significant stakes in well-established companies, which provide steady dividend pay...

Industrivarden AB Class C Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.30B	35.69B	12.92B	27.20B	-13.88B	26.73B
Gross Profit	13.16B	35.53B	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 C Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 411.20
• 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.C, the sentiment is Positive. The current price of 411.2 is below the 20-day moving average (MA) of 467.41, below the 50-day MA of 472.84, and above the 200-day MA of 405.53, indicating a neutral trend. The MACD of -4.48 indicates Negative momentum. The RSI at 48.11 is Neutral, neither overbought nor oversold. The STOCH value of 83.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:INDU.C.

Industrivarden AB Class C Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INVE.B	79 Outperform	kr1.08T	6.42	8.06%	1.60%	79.31%	-65.65%
LUND.B	78 Outperform	kr131.81B	10.50	6.47%	0.92%	7.90%	-18.95%
INDU.C	76 Outperform	kr201.51B	2.43	8.24%	2.02%	13.97%	-56.08%
INDU.A	76 Outperform	kr201.51B	5.07	20.35%	2.00%	13.97%	-56.08%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KINV.B	47 Neutral	kr13.80B	-6.93	0.33%	―	-97.64%	―
KINV.A	42 Neutral	kr13.80B	-6.93	―	―	-97.64%	―