Kinnevik AB Class A (SE:KINV.A)
:KINV.A
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Kinnevik AB Class A
(KINV.A)
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Rating:54Neutral
Price Target:
kr78.00
▼(-5.91% Downside)
Action:Reiterated
Date:05/26/26
The score is held back primarily by weak financial performance (multi-year losses and recently negative operating cash flow), partially offset by a conservative balance sheet with low leverage. Technical momentum is supportive but appears extended (overbought signals), while valuation remains unattractive/opaque due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / resilient balance sheet
Kinnevik's modest debt-to-equity and conservative leverage provide durable financial flexibility to support follow-on investments, sustain active ownership through downturns, and limit interest burden. This structural strength improves ability to back portfolio companies and absorb valuation volatility over months.
Negative Factors
Multi-year losses and recent negative OCF
Sustained losses and a shift to negative operating cash flow in 2024–2025 are durable headwinds: they erode equity, constrain reinvestment capacity, and heighten dependence on asset realizations or external financing to maintain operations and pursue growth in portfolio companies.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / resilient balance sheet
Kinnevik's modest debt-to-equity and conservative leverage provide durable financial flexibility to support follow-on investments, sustain active ownership through downturns, and limit interest burden. This structural strength improves ability to back portfolio companies and absorb valuation volatility over months.
Read all positive factors
Kinnevik AB Class A (KINV.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr15.98B
Dividend YieldN/A
Average Volume (3M)14.94K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth143.59%
EPS Growth-52.62%
CountrySE
Employees47
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)-9.14
Shares Outstanding33,752,914
10 Day Avg. Volume22,201
30 Day Avg. Volume14,936
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.65
Price to Sales (P/S)2317.71
P/FCF Ratio0.00
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)2.62
Revenue Forecast (FY)kr716.02M
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,...
How the Company Makes Money
Kinnevik makes money primarily through investment returns from its portfolio holdings. The main earnings mechanism is value creation in investee companies, which can be realized as capital gains when Kinnevik sells or reduces its ownership stake (...
Kinnevik AB Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -2.36B | 10.00M | -2.55B | -4.67B | -19.45B | 14.84B |
| Gross Profit | -2.52B | -4.24B | -2.60B | -4.72B | -19.50B | 14.80B |
| EBITDA | -2.53B | -4.55B | -2.62B | -4.77B | -19.52B | 14.78B |
| Net Income | -2.53B | -3.35B | -2.62B | -4.77B | -19.52B | 14.78B |
Balance Sheet | ||||||
| Total Assets | 40.07B | 38.12B | 44.11B | 53.51B | 57.73B | 78.59B |
| Cash, Cash Equivalents and Short-Term Investments | 11.56B | 10.39B | 14.62B | 2.37B | 13.85B | 10.54B |
| Total Debt | 2.06B | 2.05B | 3.49B | 3.49B | 3.49B | 4.69B |
| Total Liabilities | 3.27B | 2.25B | 4.91B | 5.35B | 4.82B | 6.20B |
| Stockholders Equity | 36.80B | 35.87B | 39.20B | 48.16B | 52.91B | 72.39B |
Cash Flow | ||||||
| Free Cash Flow | -284.00M | 0.00 | -220.00M | 600.00M | 3.18B | 1.31B |
| Operating Cash Flow | -284.00M | -215.00M | -220.00M | 600.00M | 3.18B | 1.31B |
| Investing Cash Flow | -3.36B | -2.65B | 8.87B | -2.84B | 1.38B | -215.00M |
| Financing Cash Flow | -7.87B | -1.50B | -6.37B | 0.00 | -1.21B | 1.86B |
Kinnevik AB Class A Technical Analysis
Positive
82.90
Price Trends
62.99
Positive
68.06
Positive
77.68
Negative
Market Momentum
2.11
Negative
59.08
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KINV.A, the sentiment is Positive. The current price of 82.9 is above the 20-day moving average (MA) of 65.25, above the 50-day MA of 62.99, and above the 200-day MA of 77.68, indicating a neutral trend. The MACD of 2.11 indicates Negative momentum. The RSI at 59.08 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:KINV.A.
Kinnevik AB Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr7.07B | 5.88 | ― | 6.23% | 2.88% | 256.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | kr10.45B | 18.34 | 11.24% | 2.18% | 8.58% | -60.72% | |
63 Neutral | kr20.41B | -5.32 | -23.18% | 1.13% | 8.76% | -3392.98% | |
55 Neutral | kr5.72B | -11.99 | 7.55% | 0.79% | -191.26% | -204.37% | |
54 Neutral | kr15.98B | -1.91 | ― | ― | 143.59% | -52.62% | |
51 Neutral | kr15.98B | -1.91 | 0.33% | ― | 143.59% | -52.62% |
* Financial Sector Average
SE:KINV.A
Kinnevik AB Class A
71.00
-21.60
-23.33%
SE:KINV.B
Kinnevik AB
57.00
-23.94
-29.58%
SE:CRED.A
Creades AB
75.25
-2.44
-3.14%
SE:BURE
Bure Equity AB
274.00
-9.09
-3.21%
SE:SVOL.B
Svolder AB Class B
52.80
-5.36
-9.21%
SE:ORES
Investment AB Oresund
156.60
45.75
41.27%
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.