RVRC Holding AB (RVRC) AI Stock Analysis

• Market Cap: kr7.22B
• Dividend Yield: 2.02%
• Average Volume (3M): 197.08K
• Price to Earnings (P/E): 23.6
• Beta (1Y): 1.07
• Revenue Growth: 6.44%
• EPS Growth: 0.49%
• Country: SE
• Employees: 132
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 1.30
• Shares Outstanding: 105,782,200
• 10 Day Avg. Volume: 220,739
• 30 Day Avg. Volume: 197,081
• PEG Ratio: -2.57
• Price to Book (P/B): 3.93
• Price to Sales (P/S): 2.49
• P/FCF Ratio: 22.19
• 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: 78 Outperform
• Price Target: kr78.00 ▲(20.46% Upside)

The score is driven primarily by strong financial quality—rapid recent growth, attractive margins, and an exceptionally low-leverage balance sheet with solid ROE. Technicals remain constructive with price above major moving averages, though negative MACD and higher RSI temper momentum. Valuation is the main constraint, with a ~23.9 P/E only partially balanced by a ~2.0% dividend yield.

Positive Factors

High Gross and Operating Margins

Sustained wide gross margins and healthy operating/net margins indicate durable product-level profitability and pricing power. Such margins provide buffer against input cost inflation, fund marketing and product development, and support free cash flow generation over successive quarters.

Extremely Low Financial Leverage

An exceptionally low debt load and consistently strong ROE materially reduce financial risk and interest burden, enabling flexible capital allocation. This balance-sheet strength supports investments, dividend capacity and resilience to cyclical retail slowdowns without levering the business.

Direct-to-Consumer E‑commerce Model

Owning the digital sales channel preserves full retail margins, direct customer data and control over pricing, inventory and UX. This scalable DTC model supports higher unit economics, repeat purchase programs and targeted marketing that can compound customer lifetime value over time.

Negative Factors

Margin Compression Since 2022 Peak

A meaningful retreat from 2022 peak margins suggests structural or competitive pressures—higher sourcing/marketing costs or increased promotions. If persistent, lower margins will erode free cash flow, reduce reinvestment capacity and compress returns even as revenue grows.

Volatile Cash‑flow Conversion

Material swings in operating cash conversion driven by working-capital variability indicate earnings are partly sensitive to timing and inventory/receivables dynamics. Persistent volatility can constrain capital allocation, increase short-term liquidity needs and complicate forecasting.

Dependence on Digital Customer Acquisition

Heavy reliance on digital marketing and repeat purchases concentrates growth on acquisition economics and platform channels. Rising ad costs, privacy rule changes or increased competition could raise customer-acquisition costs and pressure unit economics, weighing on sustainable margin and growth.

RVRC Holding AB Business Overview & Revenue Model

Company Description

RVRC Holding AB (publ) provides outdoor and active lifestyle apparels in Sweden. It offers pants, jackets, sweaters and mid layers, and base layers apparels, as well as accessories, such as underwear, socks, shoes, hats, beanies, belts, gloves, collars, neck warmers, waterproofing and clothing care products, and other accessories through online stores. RVRC Holding AB (publ) was founded in 2013 and is based in Borås, Sweden.

How the Company Makes Money

RVRC generates revenue through multiple streams, primarily by investing in and managing a portfolio of companies in the clean technology and renewable energy sectors. The company earns income from dividends and capital gains on its investments as these companies grow and become profitable. Additionally, RVRC may receive consulting fees for providing strategic guidance and expertise to its portfolio companies. Significant partnerships with industry leaders and government entities also enhance RVRC's revenue potential by facilitating access to contracts and funding opportunities in sustainable projects.

RVRC Holding AB Financial Statement Overview

Summary

Strong TTM revenue growth and solid profitability (high ~68% gross margin; ~19% EBIT; ~15% net). Balance sheet is exceptionally low leverage (TTM debt-to-equity ~0.02) with consistently strong ROE. Offsets include margin compression versus the 2022 peak and some volatility in cash-flow conversion (TTM OCF/NI ~0.93; weaker in 2022).

Income Statement

TTM (Trailing-Twelve-Months) revenue is up strongly versus the prior annual period (about +2.1x), while profitability remains solid with high gross margin (~68%) and healthy operating and net margins (~19% EBIT, ~15% net). That said, margins have trended down from the 2022 peak (when net margin was ~22% and EBIT margin ~28%), indicating some normalization and/or higher cost pressure despite continued growth.

Balance Sheet

The balance sheet is conservatively positioned with very low leverage in recent periods (TTM debt-to-equity ~0.02; annual periods ~0.01), and consistently strong returns on equity (low-20s to mid-20s, peaking near ~30% in 2022). A key watch item is the sharp deleveraging from 2021 (when debt-to-equity was ~0.31), which improves risk profile but also suggests the capital structure and cash deployment strategy has shifted materially versus earlier years.

Cash Flow

Cash generation is strong with TTM free cash flow close to net income (free cash flow to net income ~1.0), supporting earnings quality. However, cash conversion has been uneven year-to-year: operating cash flow covered net income well in 2024 (>1.0) but was weaker in 2022 (~0.18) and remains slightly below 1.0 in TTM (~0.93), suggesting working-capital swings can meaningfully impact near-term cash flow despite solid underlying profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.01B	1.93B	1.84B	1.56B	1.33B	897.09M
Gross Profit	1.04B	1.34B	1.20B	1.13B	962.70M	648.29M
EBITDA	405.00M	370.00M	399.00M	312.00M	369.00M	234.01M
Net Income	311.00M	283.00M	308.00M	243.00M	288.00M	171.60M
Balance Sheet
Total Assets	1.73B	1.56B	1.62B	1.44B	1.39B	1.27B
Cash, Cash Equivalents and Short-Term Investments	358.00M	189.00M	295.00M	154.00M	74.80M	296.29M
Total Debt	27.00M	12.00M	12.00M	15.00M	28.00M	234.64M
Total Liabilities	522.00M	341.00M	366.00M	299.00M	419.90M	508.56M
Stockholders Equity	1.21B	1.22B	1.25B	1.14B	974.50M	759.53M
Cash Flow
Free Cash Flow	359.00M	216.00M	348.00M	182.00M	61.60M	221.60M
Operating Cash Flow	362.00M	219.00M	349.00M	188.00M	64.90M	224.80M
Investing Cash Flow	-5.00M	-3.00M	-10.00M	-6.00M	-3.30M	-3.20M
Financing Cash Flow	-278.00M	-321.00M	-198.00M	-102.00M	-283.40M	-42.40M

RVRC Holding AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 64.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:RVRC, the sentiment is Positive. The current price of 64.75 is above the 20-day moving average (MA) of 60.39, above the 50-day MA of 62.17, and above the 200-day MA of 51.23, indicating a bullish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 67.51 is Neutral, neither overbought nor oversold. The STOCH value of 71.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:RVRC.

RVRC Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RVRC	78 Outperform	kr7.22B	23.64	23.71%	2.02%	6.44%	0.49%
BOOZT	77 Outperform	kr5.65B	15.64	―	―	1.54%	72.94%
NELLY	69 Neutral	kr4.03B	27.46	51.02%	―	12.45%	118.98%
BORG	69 Neutral	kr1.47B	16.99	23.44%	4.95%	9.20%	11.72%
RUG	68 Neutral	kr1.31B	21.72	10.85%	1.87%	11.38%	16.09%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FOI.B	57 Neutral	kr7.00B	83.34	2.04%	6.24%	-2.98%	-30.48%

RVRC Holding AB Corporate Events

RevolutionRace Lifts Profitability and Sales in Second Quarter 2025/26

RevolutionRace reported solid growth for the second quarter of its 2025/26 financial year, with net sales up 6% to SEK 726 million and sales in local currencies rising 11%. Gross profit increased 5% to SEK 506 million, with a slightly lower gross margin of 69.8%, while EBIT climbed 12% to SEK 177 million, lifting the EBIT margin to 24.4%. Adjusted EBIT rose 11% to SEK 180 million, and earnings per share before dilution improved 16% to SEK 1.30, underscoring stronger profitability despite stable average order values. For the first half, revenue and profit growth remained robust, and shareholders approved a share repurchase authorization and the cancellation of nearly 3.8 million shares at the AGM, pointing to continued capital returns and an active approach to balance-sheet management and governance, including the election of a new board member and the re-election of the chair.

The most recent analyst rating on (SE:RVRC) stock is a Buy with a SEK67.00 price target. To see the full list of analyst forecasts on RVRC Holding AB stock, see the SE:RVRC Stock Forecast page.

RevolutionRace Sets Date for Q2 2025/26 Interim Report and Investor Presentation

RevolutionRace has announced that it will publish its interim report for the second quarter of the 2025/26 financial year on 29 January 2026 at 07:30 CET, followed by a webcast and teleconference presentation at 10:00 CET the same day. CEO Paul Fischbein and CFO Jesper Alm will present the results in English and take questions from investors and analysts, with the presentation to be made available on the company’s website afterward, underscoring the company’s emphasis on transparency and active communication with the capital market.

The most recent analyst rating on (SE:RVRC) stock is a Buy with a SEK67.00 price target. To see the full list of analyst forecasts on RVRC Holding AB stock, see the SE:RVRC Stock Forecast page.

RevolutionRace Adjusts Share Structure with Cancellations and New Registrations

RevolutionRace has announced a change in its share structure following the cancellation of 3,841,189 shares that were previously repurchased, and the registration of 26,750 new shares through the exercise of warrants under its LTIP 2022/2026. This adjustment results in a total of 105,782,200 shares and votes in the company, reflecting its strategic financial maneuvers to optimize shareholder value.

The most recent analyst rating on (SE:RVRC) stock is a Hold with a SEK67.00 price target. To see the full list of analyst forecasts on RVRC Holding AB stock, see the SE:RVRC Stock Forecast page.

RevolutionRace to Enhance Shareholder Value Through Share Repurchase

RevolutionRace’s Board of Directors has decided to repurchase its own shares on Nasdaq Stockholm, a move aimed at adjusting the company’s capital structure and enhancing shareholder value. This strategic decision allows the company to potentially finance future acquisitions using its shares, reflecting a proactive approach to capital management and growth opportunities.

The most recent analyst rating on (SE:RVRC) stock is a Hold with a SEK67.00 price target. To see the full list of analyst forecasts on RVRC Holding AB stock, see the SE:RVRC Stock Forecast page.

RVRC Holding AB’s AGM Approves Key Financial Resolutions

At the Annual General Meeting of RVRC Holding AB, several key resolutions were made, including the adoption of financial statements, approval of a dividend, and the re-election of board members with the addition of a new member. The AGM also authorized the board to issue new shares and manage own shares, and approved a reduction and subsequent bonus issue of share capital, reflecting strategic financial adjustments.

The most recent analyst rating on (SE:RVRC) stock is a Hold with a SEK67.00 price target. To see the full list of analyst forecasts on RVRC Holding AB stock, see the SE:RVRC Stock Forecast page.

RVRC Holding AB Announces Details of LTIP 2022/2026 Warrants Program

RVRC Holding AB has announced details regarding its LTIP 2022/2026 warrants program, which was introduced during the company’s Annual General Meeting in November 2022. The subscription period for this program is set from November 2025 to May 2026. In preparation for this period, CFO Jesper Alm has sold part of his existing shares to finance the subscription of new shares related to the warrants. Alm also plans to increase his shareholding by the end of the subscription period, indicating a strategic move to support the company’s financial structuring and stakeholder interests.

The most recent analyst rating on (SE:RVRC) stock is a Hold with a SEK67.00 price target. To see the full list of analyst forecasts on RVRC Holding AB stock, see the SE:RVRC Stock Forecast page.