Swvl (SWVL) AI Stock Analysis

• Market Cap: $35.05M
• Dividend Yield: N/A
• Average Volume (3M): 10.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• 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: 1.03
• Enterprise Value/Revenue: 3.55
• Enterprise Value/Gross Profit: 16.52
• Enterprise Value/Ebitda: 52.18
• 1Y Price Target: $3.50
• Price Target Upside: 7.03% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: $3.50 ▲(7.03% Upside)

Swvl's overall stock score is primarily impacted by its challenging financial performance and bearish technical indicators. The company's negative profitability and high leverage pose significant risks, while the technical analysis suggests continued downward momentum. The valuation metrics further underscore the financial difficulties, with a negative P/E ratio and no dividend yield. These factors collectively contribute to a low overall stock score.

Swvl Business Overview & Revenue Model

Company Description

Swvl (SWVL) is a technology-driven transportation company that offers an innovative mass transit solution through its mobile app. Founded in 2017, Swvl operates in the shared mobility sector, primarily targeting urban commuters in emerging markets. The platform connects passengers with fixed-route bus services, providing an affordable, reliable, and convenient alternative to traditional public transportation. Swvl's core offerings include scheduled and on-demand bus services, catering to both individual riders and corporate clients.

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, reflected in 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. The current trajectory indicates potential risks if financial instability persists without substantial operational turnaround.

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	692.85K	-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: Neutral
• Last Price: 3.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWVL, the sentiment is Neutral. The current price of 3.27 is above the 20-day moving average (MA) of 3.16, below the 50-day MA of 3.50, and below the 200-day MA of 4.13, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 49.37 is Neutral, neither overbought nor oversold. The STOCH value of 53.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$6.26M	3.06	0.62%	―	-28.50%	―
NXTT	44 Neutral	$72.02M	0.04	93.25%	―	259.01%	-61.05%
RYDE	42 Neutral	$21.45M	―	230.42%	―	3.69%	-50.95%
SWVL	42 Neutral	$35.05M	―	-218.42%	―	-2.39%	-3.11%

Swvl Corporate Events

Swvl Reports Strong H1 2025 Financial Results with Significant Revenue Growth

Swvl Holdings Corp reported its financial results for the first half of 2025, highlighting a 26% increase in revenue and a 26% growth in gross margin compared to the previous year. The company also achieved a net income of $0.43 million, indicating a positive shift in its financial performance. This growth reflects Swvl’s strategic focus on expanding its market presence and enhancing operational efficiencies, which could strengthen its position in the competitive transportation sector.

Swvl Egypt Achieves Revenue Turnaround with Stronger Profitability

On September 3, 2025, Swvl Holdings Corp announced that its Egypt operations surpassed their previous peak revenue levels from 2022 in Egyptian-pound terms, with parity in U.S. dollar terms expected soon. This milestone, achieved less than two years after a restructuring period, highlights a significant turnaround with stronger profitability. Swvl’s focused plan involved optimizing cost structures, concentrating on core markets, and expanding higher-margin offerings, which has resulted in sustainable growth and profitability. The company aims to apply this successful strategy across its core markets to continue scaling sustainable, profitable growth.