Kinnevik AB Class A (KINV.A) AI Stock Analysis

• Market Cap: kr22.86B
• Dividend Yield: N/A
• Average Volume (3M): 14.94K
• Price to Earnings (P/E): 186.7
• Beta (1Y): 1.11
• Revenue Growth: -97.64%
• EPS Growth: N/A
• Country: SE
• Employees: 47
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 2.67
• Shares Outstanding: 33,752,914
• 10 Day Avg. Volume: 22,201
• 30 Day Avg. Volume: 14,936
• PEG Ratio: 0.18
• Price to Book (P/B): 0.53
• Price to Sales (P/S): -8.16
• P/FCF Ratio: -94.55
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: kr83.00 ▲(0.12% Upside)

The score is held back primarily by weak recent financial performance (net losses and negative revenue in 2022–2024, and negative 2024 cash flow) and bearish technical momentum (price below key moving averages with negative MACD). A conservative balance sheet provides some support, but the very high P/E further pressures the overall score.

Positive Factors

Conservative Leverage

A conservative leverage profile provides financial stability and flexibility, allowing the company to navigate economic fluctuations without significant financial strain.

Long-term Active Ownership

Kinnevik's strategy of long-term active ownership in growth sectors positions it well to capitalize on structural industry trends and technological advancements, potentially leading to significant investment returns.

Cash Generation Ability

The ability to generate positive cash flow in prior years indicates underlying business strength, providing a buffer and potential for reinvestment despite recent challenges.

Negative Factors

Deteriorating Profitability

Sustained net losses over several years indicate weak earnings quality and may hinder the company's ability to reinvest in growth opportunities, affecting long-term viability.

Negative Revenue Growth

Negative revenue growth reflects challenges in maintaining market position and competitiveness, potentially limiting future investment returns and strategic flexibility.

Cash Flow Volatility

Volatile cash flow, particularly the recent negative turn, raises concerns about the sustainability of operations and the ability to fund future investments without external financing.

Kinnevik AB Class A Business Overview & Revenue Model

Company Description

Kinnevik AB formerly known as Investment AB Kinnevik, is a venture capital firm specializing in investments in growth capital. It prefers to invest in digital consumer business, education, communication, e-commerce and marketplaces, entertainment, healthcare, and financial services but may also invest in other areas. The firm invests worldwide, especially in Europe with a focus on the Nordics, Latin America, Asia, Australia, Africa, and North America. The firm looks for disruptive, technology-enabled and value-added consumer services in developed and emerging markets. It takes an active role on the boards of its subsidiaries and associated companies. It acts as a long-term lead shareholder in large listed entities. Kinnevik AB was founded in 1936 and is based in Stockholm, Sweden.

How the Company Makes Money

Kinnevik AB primarily generates revenue through capital gains and dividends from its investments in various companies. The firm focuses on acquiring significant stakes in businesses that show high growth potential, particularly in sectors such as e-commerce, digital health, and financial technology. Kinnevik's earnings are driven by the appreciation in value of its portfolio companies and the dividends they distribute. Additionally, Kinnevik may engage in strategic partnerships and divestitures to optimize its portfolio and maximize returns. The company continuously assesses its investments to ensure alignment with its long-term growth objectives and sustainability goals.

Kinnevik AB Class A Financial Statement Overview

Summary

Kinnevik AB Class A faces significant challenges in revenue generation and profitability, with negative revenue and net income figures. The balance sheet is strong, with no debt and a high equity ratio, providing some financial stability. However, cash flow concerns and declining equity levels suggest the need for strategic adjustments to improve financial performance.

Income Statement

The income statement shows a concerning trend with declining revenues and persistent net losses over recent years. Revenue in 2024 was negative, indicating significant financial distress. The net profit margin is also negative, reflecting ongoing profitability challenges. The EBIT margin is positive for 2024, suggesting some improvement in operational efficiency, but overall profitability remains a concern.

Balance Sheet

The balance sheet highlights a strong equity position with a high equity ratio, indicating financial stability and a low reliance on debt. The company has no debt as of the latest report, improving its debt-to-equity ratio to zero, which is a positive sign. However, the declining stockholders' equity over recent years poses a potential risk to long-term financial health.

Cash Flow

Cash flow analysis reveals fluctuating free cash flows, with a significant decline in operating cash flow in 2024. The operating cash flow to net income ratio is negative, indicating potential cash generation issues. The free cash flow to net income ratio is also negative, highlighting inefficiencies in cash utilization relative to profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-2.36B	-2.55B	-4.67B	-19.45B	14.84B	41.53B
Gross Profit	-2.52B	-2.60B	-4.72B	-19.50B	14.80B	41.53B
EBITDA	-2.53B	-2.62B	-4.77B	-19.52B	14.78B	41.13B
Net Income	-2.53B	-2.62B	-4.77B	-19.52B	14.78B	40.27B
Balance Sheet
Total Assets	40.07B	44.11B	53.51B	57.73B	78.59B	115.75B
Cash, Cash Equivalents and Short-Term Investments	11.56B	14.62B	2.37B	13.85B	10.54B	3.71B
Total Debt	2.06B	3.49B	3.49B	3.49B	4.69B	2.89B
Total Liabilities	3.27B	4.91B	5.35B	4.82B	6.20B	4.08B
Stockholders Equity	36.80B	39.20B	48.16B	52.91B	72.39B	111.67B
Cash Flow
Free Cash Flow	-284.00M	-220.00M	600.00M	3.18B	1.31B	1.33B
Operating Cash Flow	-284.00M	-220.00M	600.00M	3.18B	1.31B	1.33B
Investing Cash Flow	-3.36B	8.87B	-2.84B	1.38B	-215.00M	6.21B
Financing Cash Flow	-7.87B	-6.37B	0.00	-1.21B	1.86B	-3.84B

Kinnevik AB Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 82.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KINV.A, the sentiment is Negative. The current price of 82.9 is below the 20-day moving average (MA) of 84.13, below the 50-day MA of 85.90, and below the 200-day MA of 88.90, indicating a bearish trend. The MACD of -0.60 indicates Negative momentum. The RSI at 45.84 is Neutral, neither overbought nor oversold. The STOCH value of 66.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:KINV.A.

Kinnevik AB Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORES	74 Outperform	kr5.44B	13.73	―	6.23%	-0.22%	-58.80%
CRED.A	74 Outperform	kr10.07B	7.76	12.47%	2.18%	4.72%	-38.28%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SVOL.B	67 Neutral	kr6.23B	13.87	7.83%	0.79%	-25.75%	-27.25%
BURE	58 Neutral	kr17.42B	-3.24	-23.18%	1.13%	22.38%	-153.85%
KINV.A	47 Neutral	kr22.86B	186.73	―	―	-97.64%	―
KINV.B	47 Neutral	kr22.86B	185.53	0.33%	―	-97.64%	―