Svolder AB Class B (SVOL.B) AI Stock Analysis

• Market Cap: kr5.77B
• Dividend Yield: 0.79%
• Average Volume (3M): 138.06K
• Price to Earnings (P/E): 12.8
• Beta (1Y): 0.95
• Revenue Growth: -25.75%
• EPS Growth: -27.25%
• Country: SE
• Employees: 6
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): N/A
• Shares Outstanding: 97,417,435
• 10 Day Avg. Volume: 148,343
• 30 Day Avg. Volume: 138,061
• PEG Ratio: -6.49
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 43.50
• P/FCF Ratio: 56.37
• 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: 67 Neutral
• Price Target: kr63.00 ▲(7.97% Upside)

The score is primarily supported by a very conservative, low-debt balance sheet and acceptable valuation (moderate P/E with a high dividend yield). Offsetting this, financial performance is less predictable due to highly volatile earnings and variable cash flow, while technicals show an uptrend but with stretched momentum signals that raise near-term risk.

Positive Factors

Balance Sheet Health

A strong balance sheet with low debt reduces financial risk and provides stability, allowing the company to weather market fluctuations.

Cash Generation Ability

Consistent cash generation supports operational flexibility and investment capacity, enhancing long-term financial health.

Return to Profitability

Returning to profitability indicates effective management and potential for sustained growth, improving investor confidence.

Negative Factors

Earnings Volatility

Volatile earnings undermine predictability and can deter long-term investors seeking stable returns.

Revenue Decline

Significant revenue declines can impact cash flow and investment capacity, challenging long-term growth prospects.

Cash Flow Variability

Variable cash flow can strain liquidity and limit the ability to invest consistently, affecting strategic initiatives.

Svolder AB Class B Business Overview & Revenue Model

Company Description

Svolder AB (publ) operates is a publicly owned investment manager. The firm operates as an investment trust. It invests in the shares of listed small and medium-size companies in Sweden. Svolder AB (publ) was founded in June, 1993 and is based in Stockholm, Sweden.

How the Company Makes Money

Svolder AB makes money primarily through capital gains and dividends from its investment portfolio. The company's revenue model is based on investing in carefully selected small and medium-sized companies, holding these investments over time to benefit from their potential growth, and generating returns as these companies increase in value. Additionally, Svolder earns income from dividends distributed by the companies it invests in. The firm's performance is also influenced by its ability to effectively manage its portfolio, including buying and selling equities based on market conditions and company fundamentals. Significant partnerships with brokerage firms and financial institutions may also play a role in facilitating its investment activities and market transactions.

Svolder AB Class B Financial Statement Overview

Summary

Strong financial resilience from an equity-rich, near debt-free balance sheet, but overall performance quality is held back by highly volatile earnings and uneven cash flow that appear sensitive to market/investment outcomes.

Income Statement

Earnings are highly volatile: the company swung from strong profitability in 2020–2021 to large losses in 2022–2023, then rebounded sharply in 2024 before dropping to a much smaller profit in 2025. Revenue also shows extreme variability, including negative revenue in 2022–2023 and a very large decline in 2025, which reduces visibility and predictability. Positives include the return to profitability in the last two annual periods, but the overall trajectory is inconsistent and sensitive to market-driven valuation/investment results.

Balance Sheet

The balance sheet is very conservatively positioned with essentially no debt and a large equity base relative to total assets, which materially lowers financial risk. However, returns on equity have been inconsistent—strong in 2020–2021, deeply negative in 2022–2023, and modest in 2025—showing that while leverage risk is minimal, shareholder returns can fluctuate significantly with portfolio performance.

Cash Flow

Cash generation is generally solid: operating cash flow and free cash flow are positive in most years and track net income closely, indicating reported profits are largely backed by cash. Free cash flow also improved in 2025 versus 2024. The main weakness is variability, including negative operating and free cash flow in 2020 and uneven growth rates across years, which suggests cash results can swing with market conditions and underlying investment activity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	93.90M	127.00M	894.46M	-493.48M	-1.16B	3.51B
Gross Profit	93.80M	127.00M	894.46M	-493.48M	-1.16B	3.51B
EBITDA	88.01M	96.65M	149.78M	-525.44M	-1.19B	3.49B
Net Income	8.50M	8.60M	876.20M	-525.50M	-1.19B	3.49B
Balance Sheet
Total Assets	5.88B	5.88B	6.03B	5.27B	5.88B	7.13B
Cash, Cash Equivalents and Short-Term Investments	430.80M	430.80M	323.90M	190.20M	734.10M	429.90M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	25.20M	25.20M	6.40M	21.50M	15.40M	10.90M
Stockholders Equity	5.86B	5.86B	6.02B	5.25B	5.87B	7.12B
Cash Flow
Free Cash Flow	98.00M	98.00M	86.40M	77.50M	113.10M	73.40M
Operating Cash Flow	98.10M	98.10M	86.50M	77.60M	113.20M	73.40M
Investing Cash Flow	183.00M	183.00M	149.50M	-529.30M	255.00M	167.20M
Financing Cash Flow	-174.10M	-174.10M	-102.40M	-92.20M	-64.00M	-56.30M

Svolder AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 58.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SVOL.B, the sentiment is Negative. The current price of 58.35 is below the 20-day moving average (MA) of 59.57, above the 50-day MA of 57.41, and above the 200-day MA of 55.81, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 34.20 is Neutral, neither overbought nor oversold. The STOCH value of 1.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SVOL.B.

Svolder AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORES	74 Outperform	kr5.45B	6.22	―	6.23%	-0.22%	-58.80%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SVOL.B	67 Neutral	kr5.77B	12.77	7.83%	0.79%	-25.75%	-27.25%
CRED.A	63 Neutral	kr9.41B	7.76	12.47%	2.18%	4.72%	-38.28%
IDUN.B	60 Neutral	kr3.67B	75.55	7.92%	0.31%	3.71%	26.89%
LINC	48 Neutral	kr3.47B	-8.68	-1.58%	―	45733.33%	-105.08%