Kinnevik AB (SE:KINV.B)
:KINV.B
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Kinnevik AB
(KINV.B)
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Rating:47Neutral
Price Target:
kr47.00
▼(-44.09% Downside)
Action:ReiteratedDate:03/10/26
The score is held down primarily by weak and volatile profitability and recently negative operating cash flow, reinforced by a strong bearish technical setup (price below key moving averages and negative MACD). A conservatively financed balance sheet provides some downside cushion, but valuation is constrained by losses and the lack of a provided dividend yield.
Positive Factors
Conservative balance sheet and low leverage
Kinnevik’s very low leverage and sizable equity cushion provide durable downside protection versus peers. A conservatively financed holding company can withstand portfolio volatility, fund follow‑on investments or selective exits without immediate refinancing pressure, supporting long‑run optionality.
Negative Factors
Highly volatile and currently weak profitability
Large, recurring losses and wide margin swings signal structural earnings instability. For an investment holding company, persistent negative results erode retained capital, constrain dividend capacity and limit ability to commit new capital without crystallizing further dilution or asset sales over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Kinnevik’s very low leverage and sizable equity cushion provide durable downside protection versus peers. A conservatively financed holding company can withstand portfolio volatility, fund follow‑on investments or selective exits without immediate refinancing pressure, supporting long‑run optionality.
Read all positive factors
Kinnevik AB (KINV.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr13.80B
Dividend YieldN/A
Average Volume (3M)959.46K
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue Growth-97.64%
EPS GrowthN/A
CountrySE
Employees47
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-6.05
Shares Outstanding243,219,760
10 Day Avg. Volume1,352,625
30 Day Avg. Volume959,459
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 Target
kr52.00Price Target Upside-38.14% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.01
Revenue Forecast (FY)kr716.02M
Kinnevik AB 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 does not primarily generate revenue by selling products or services itself; it makes money through returns on its investment portfolio. The main economic drivers are: (1) Changes in the value of its equity holdings (realized and unrealize...
Kinnevik AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
78
Positive
Cash Flow
46
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 Technical Analysis
Negative
84.06
Price Trends
61.21
Negative
71.91
Negative
78.93
Negative
Market Momentum
-3.51
Negative
36.74
Neutral
63.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KINV.B, the sentiment is Negative. The current price of 84.06 is above the 20-day moving average (MA) of 51.70, above the 50-day MA of 61.21, and above the 200-day MA of 78.93, indicating a bearish trend. The MACD of -3.51 indicates Negative momentum. The RSI at 36.74 is Neutral, neither overbought nor oversold. The STOCH value of 63.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:KINV.B.
Kinnevik AB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr6.82B | 6.12 | ― | 6.23% | -0.22% | -58.80% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | kr9.23B | 8.37 | 11.24% | 2.18% | 4.72% | -38.28% | |
56 Neutral | kr10.75B | -18.24 | 6.59% | 3.70% | -22.65% | -14.05% | |
55 Neutral | kr5.07B | -3.58 | 7.55% | 0.79% | -25.75% | -27.25% | |
53 Neutral | kr16.03B | -3.91 | -23.18% | 1.13% | 22.38% | -153.85% | |
47 Neutral | kr13.80B | -6.93 | 0.33% | ― | -97.64% | ― |
* Financial Sector Average
SE:KINV.B
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-25.69%
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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.