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Swvl
(NASDAQ:SWVL)
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Rating:46Neutral
Price Target:
$1.50
▼(-18.48% Downside)
Action:Reiterated
Date:05/27/26
The score is held back primarily by weak cash generation (ongoing negative operating/free cash flow) despite improved reported earnings and a steadier balance sheet. Technicals also remain bearish with the stock trading below major moving averages. Valuation is only moderately supportive given a mid-teens P/E and no dividend yield data.
Positive Factors
Recurring B2B Revenue Mix
A high and growing share of recurring B2B contracts and strong net dollar retention create predictable, contract-backed cash flows and revenue visibility. This structural shift toward enterprise and multi-year contracts supports scalable unit economics and long-term customer retention.
Negative Factors
Persistent Negative Operating Cash Flow
Despite accounting profits, ongoing negative operating and free cash flow means the business is still consumption-driven. This structural cash shortfall raises reliance on external financing, increases liquidity risk, and limits the firm's ability to self-fund growth or weather macro shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring B2B Revenue Mix
A high and growing share of recurring B2B contracts and strong net dollar retention create predictable, contract-backed cash flows and revenue visibility. This structural shift toward enterprise and multi-year contracts supports scalable unit economics and long-term customer retention.
Read all positive factors
Swvl Key Performance Indicators (KPIs)
Swvl (SWVL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.45M
Dividend YieldN/A
Average Volume (3M)10.07K
Price to Earnings (P/E)15.0
Beta (1Y)1.78
Revenue Growth40.45%
EPS GrowthN/A
CountryUS
Employees324
SectorIndustrials
Sector Strength72
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.10
Shares Outstanding9,964,344
10 Day Avg. Volume10,399
30 Day Avg. Volume10,073
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)3.43
Price to Sales (P/S)0.84
P/FCF Ratio-7.36
Enterprise Value/Market Cap0.73
Enterprise Value/Revenue1.04
Enterprise Value/Gross Profit4.84
Enterprise Value/Ebitda16.60
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Swvl Business Overview & Revenue Model
Company Description
Swvl Holdings Corp. delivers mass transit ride-sharing services, encompassing a range of solutions. Its Swvl Retail segment provides urban dwellers with access to a network of minibuses and other vehicles operating on predetermined or adaptable ro...
How the Company Makes Money
Swvl makes money primarily by charging for transportation services and related mobility solutions. Key revenue streams include: (1) B2C ride fares: revenue from passengers who pay per trip (or via pass/subscription where offered) for seats on Swvl...
Swvl Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
57
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.19M | 24.17M | 17.21M | 22.85M | 43.00M | 25.56M |
| Gross Profit | 2.19M | 4.36M | 3.64M | 4.11M | 179.83K | -5.79M |
| EBITDA | 638.51K | 2.10M | -10.55M | 4.96M | -94.03M | -131.57M |
| Net Income | 432.20K | 1.31M | -10.34M | 3.06M | -116.50M | -141.49M |
Balance Sheet | ||||||
| Total Assets | 18.23M | 20.04M | 16.37M | 21.90M | 57.46M | 59.34M |
| Cash, Cash Equivalents and Short-Term Investments | 4.88M | 4.41M | 4.96M | 2.92M | 1.54M | 19.53M |
| Total Debt | 826.45K | 1.93M | 1.21M | 1.66M | 2.34M | 79.65M |
| Total Liabilities | 17.53M | 17.10M | 17.05M | 15.98M | 54.83M | 149.08M |
| Stockholders Equity | 3.68M | 5.92M | 2.28M | 8.95M | 6.82M | -89.80M |
Cash Flow | ||||||
| Free Cash Flow | -253.06K | -2.75M | -3.57M | -9.38M | -119.95M | -62.46M |
| Operating Cash Flow | -250.11K | -2.14M | -3.57M | -9.11M | -117.46M | -62.13M |
| Investing Cash Flow | -2.95K | 367.92K | 583.37K | 8.79M | -8.09M | -11.15M |
| Financing Cash Flow | 1.76M | 1.21M | 4.04M | 343.89K | 124.85M | 72.72M |
Swvl Technical Analysis
Neutral
1.84
Price Trends
1.55
Negative
1.55
Negative
2.05
Negative
Market Momentum
-0.02
Negative
49.77
Neutral
52.23
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 1.84 is above the 20-day moving average (MA) of 1.46, above the 50-day MA of 1.55, and below the 200-day MA of 2.05, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 52.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SWVL.
Swvl Risk Analysis
Swvl disclosed 61 risk factors in its most recent earnings report. Swvl reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Swvl Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $77.79M | 0.22 | -30.01% | ― | 571.11% | -99.00% | |
46 Neutral | $14.45M | 14.98 | 14.50% | ― | 40.45% | ― | |
42 Neutral | $821.05K | -0.03 | 0.62% | ― | -16.91% | 80.02% | |
42 Neutral | $104.74M | -1.12 | -223.60% | ― | 43.04% | 59.79% |
* Industrials Sector Average
SWVL
Swvl
1.47
-2.99
-67.04%
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Swvl Corporate Events
Swvl Seals Bank Albilad Shuttle Deal, Deepening Saudi Workforce Mobility Push
Jul 7, 2026
Swvl Holdings Corp, a Nasdaq-listed provider of technology-enabled mass mobility solutions based in Dubai, serves enterprises and governments with real-time, data-driven shuttle services. Its operations span Egypt, Saudi Arabia, the UAE, Kuwait an...
Swvl Q1 2026 Revenue Jumps 68% as GCC Growth and Recurring Contracts Narrow Losses
Jun 16, 2026
Swvl reported on June 16, 2026 that Q1 2026 revenue rose 68% year over year to $8.2 million, driven by strong enterprise demand in the Gulf Cooperation Council and continued growth in Egypt, with GCC revenue up 111% and Egypt revenue up 45%. Gross...
Swvl Regains Nasdaq Compliance After Meeting Equity and Net Income Thresholds
Apr 20, 2026
On April 20, 2026, Swvl Holdings Corp announced it has regained compliance with Nasdaq’s continued listing requirements tied to stockholders’ equity and net income standards. The decision followed a review by Nasdaq staff of Swvl’...
Swvl Swings to Profit as FY 2025 Revenue Jumps 41% and GCC Business Surges
Apr 20, 2026
Swvl reported a sharp financial turnaround for the fiscal year ended December 31, 2025, announcing on April 20, 2026 that revenue rose 41% to $24.2 million and net income reached $1.3 million, reversing a $10.3 million loss in 2024. The improvemen...
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.