Swvl (SWVL) AI Stock Analysis

• Market Cap: $27.99M
• Dividend Yield: N/A
• Average Volume (3M): 10.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• Revenue Growth: -2.39%
• EPS Growth: -3.11%
• Country: US
• Employees: 284
• Sector: Industrials
• Sector Strength: 72
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 10,719,563
• 10 Day Avg. Volume: 10,399
• 30 Day Avg. Volume: 10,073
• PEG Ratio: 0.01
• Price to Book (P/B): 24.20
• Price to Sales (P/S): 3.21
• P/FCF Ratio: -15.49
• Enterprise Value/Market Cap: 1.29
• Enterprise Value/Revenue: 3.55
• Enterprise Value/Gross Profit: 16.52
• Enterprise Value/Ebitda: 56.62
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $2.50 ▲(9.65% Upside)

Swvl's overall stock score reflects significant financial and technical challenges. The company's negative profitability, high leverage, and bearish technical indicators are major concerns. The lack of earnings call data and corporate events further limits positive influences on the score.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective business strategies, enhancing Swvl's market position and financial stability.

Strategic Partnerships

The partnership with Bank AlJazira demonstrates Swvl's ability to leverage strategic alliances, enhancing service reach and aligning with sustainability goals.

Profitability Achievement

Achieving profitability marks a pivotal shift towards financial health, enabling Swvl to reinvest in growth and improve shareholder confidence.

Negative Factors

High Leverage

High leverage and negative equity pose risks to financial stability, limiting Swvl's ability to invest in growth and weather economic downturns.

Nasdaq Compliance Challenge

Non-compliance with Nasdaq's requirements threatens Swvl's listing status, potentially impacting investor confidence and access to capital markets.

Negative Cash Flow

Persistent negative cash flow highlights operational inefficiencies, necessitating improved cash generation to sustain operations and fund growth.

Swvl Business Overview & Revenue Model

Company Description

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers. The company was incorporated in 2017 and is headquartered in Dubai, the United Arab Emirates.

How the Company Makes Money

Swvl generates revenue primarily through ticket sales for its bus services. Passengers pay for their rides via the Swvl app, which charges a fare based on the distance and route. Additionally, the company earns money through corporate partnerships where organizations can subsidize employee transportation, offering bulk ticket purchases at discounted rates. Swvl also explores advertising opportunities on its buses and within its app, creating supplementary income. Strategic partnerships with local governments and transportation authorities may further enhance revenue streams by integrating Swvl's services into public transit systems.

Swvl Financial Statement Overview

Summary

Swvl faces significant financial challenges, with negative profitability margins, high leverage, and ongoing cash flow issues. Despite some improvements in cash position through financing, the company requires strategic actions to enhance revenue stability, profitability, and financial health.

Income Statement

Swvl's income statement shows a challenging financial period. The company has experienced significant revenue volatility, with substantial declines in total revenue by 24.67% in 2024 compared to 2023. The gross profit margin is weak, and both EBIT and net income margins are negative, highlighting ongoing profitability challenges. Despite some improvement in gross profit from earlier years, the overall trajectory suggests continued financial strain.

Balance Sheet

The balance sheet indicates a concerning financial position for Swvl. The debt-to-equity ratio has improved slightly, but the company still shows high leverage with negative stockholders' equity reported in past years, signaling financial instability. The equity ratio remains low, reflecting a capital structure heavily reliant on liabilities, which poses a risk to financial stability.

Cash Flow

Swvl's cash flow statement reflects both challenges and minor improvements. While operating cash flow remains negative, indicating ongoing cash burn, the increase in financing cash flow suggests increased reliance on external funding. Free cash flow has shown some improvement but remains in the negative territory, reflecting operational inefficiencies and a need for stronger cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.19M	17.21M	22.85M	43.00M	25.56M	17.31M
Gross Profit	2.19M	3.64M	4.11M	179.83K	-5.79M	-4.21M
EBITDA	638.51K	-10.55M	4.96M	-94.03M	-131.57M	-24.45M
Net Income	432.20K	-10.34M	3.06M	-116.50M	-141.49M	-29.73M
Balance Sheet
Total Assets	18.23M	16.37M	21.90M	57.46M	59.34M	24.76M
Cash, Cash Equivalents and Short-Term Investments	4.88M	4.96M	2.92M	1.54M	19.53M	10.35M
Total Debt	826.45K	1.21M	1.66M	2.34M	79.65M	928.58K
Total Liabilities	17.53M	17.05M	15.98M	54.83M	149.08M	6.35M
Stockholders Equity	3.68M	2.28M	8.95M	6.82M	-89.80M	18.41M
Cash Flow
Free Cash Flow	-253.06K	-3.57M	-9.38M	-119.95M	-62.46M	-30.76M
Operating Cash Flow	-250.11K	-3.57M	-9.11M	-117.46M	-62.13M	-30.55M
Investing Cash Flow	-2.95K	583.37K	8.79M	-8.09M	-11.15M	-212.99K
Financing Cash Flow	1.76M	4.04M	343.89K	124.85M	72.72M	26.04M

Swvl Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWVL, the sentiment is Negative. The current price of 2.28 is below the 20-day moving average (MA) of 2.66, below the 50-day MA of 2.94, and below the 200-day MA of 3.69, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 32.96 is Neutral, neither overbought nor oversold. The STOCH value of 23.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SWVL.

Swvl Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
QH	52 Neutral	$947.18K	0.49	0.62%	―	-28.50%	―
RYDE	46 Neutral	$20.67M	-1.76	-354.82%	―	34.50%	70.55%
NXTT	44 Neutral	$48.12M	0.03	93.25%	―	259.01%	-61.05%
SWVL	41 Neutral	$27.99M	-4.84	-218.42%	―	-2.39%	-3.11%

Swvl Corporate Events

Swvl and Bank AlJazira Achieve 100,000 Bookings Milestone in Saudi Arabia

On November 26, 2025, Swvl Holdings Corp announced a significant milestone in collaboration with Bank AlJazira in Saudi Arabia, achieving over 100,000 bookings since the start of the year. This milestone highlights their commitment to enhancing sustainable and efficient transport solutions, aligning with Saudi Arabia’s Vision 2030. The collaboration has successfully reduced the environmental impact of corporate mobility and demonstrated the potential of technology-driven partnerships to transform urban commuting.

Swvl Faces Nasdaq Compliance Challenge

On October 31, 2025, Swvl Holdings Corp received a notification from Nasdaq indicating non-compliance with the minimum market value requirement of $35 million for publicly held shares. The company has until April 29, 2025, to meet this requirement or face potential delisting. Swvl plans to monitor its market value and consider options to regain compliance, though there is no assurance of success.

Swvl Achieves 46% Revenue Growth and Profitability in Q3 2025

Swvl Holdings Corp, a global provider of tech-enabled mobility solutions, reported a strong financial performance for the third quarter of 2025, with a 46% increase in revenue and a net profit of $0.2 million. The company saw significant growth in its core markets, particularly in the GCC region and Egypt, and maintained profitability while expanding its revenue base. Swvl’s strategy focuses on accelerating growth, expanding margins, and increasing recurring revenue, with a notable increase in dollar-pegged revenue. This performance underscores Swvl’s ability to scale profitably, enhancing its market position and providing a stable revenue base for future expansion.