Swvl (SWVL)
NASDAQ:SWVL
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Swvl
(NASDAQ:SWVL)
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Rating:44Neutral
Price Target:
$2.00
▲(8.70% Upside)
Action:ReiteratedDate:02/03/26
The score is driven primarily by weak financial performance (declining revenue, ongoing losses, negative operating cash flow, and balance-sheet risk). Technicals add pressure given the downtrend and negative MACD, with only limited relief from oversold readings. Valuation is not compelling due to negative earnings and no dividend yield.
Positive Factors
Long-term enterprise contracts
A five-year enterprise contract improves revenue predictability and cash flow visibility, supporting durable unit economics. Multi-year deals deepen client relationships, enable repeatable deployment of the platform and operations stack, and justify investment in scale across the region.
Negative Factors
Declining revenue and volatility
Material top-line decline undermines scale advantages needed to reach profitable unit economics. Sustained revenue contraction pressures gross margins and operating leverage, lengthening the path to profitability and increasing the likelihood of recurring capital needs over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term enterprise contracts
A five-year enterprise contract improves revenue predictability and cash flow visibility, supporting durable unit economics. Multi-year deals deepen client relationships, enable repeatable deployment of the platform and operations stack, and justify investment in scale across the region.
Read all positive factors
Swvl (SWVL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.47M
Dividend YieldN/A
Average Volume (3M)10.07K
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue Growth-2.39%
EPS Growth-3.11%
CountryUS
Employees284
SectorIndustrials
Sector Strength72
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding10,719,563
10 Day Avg. Volume10,399
30 Day Avg. Volume10,073
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)24.20
Price to Sales (P/S)3.21
P/FCF Ratio-15.49
Enterprise Value/Market Cap0.65
Enterprise Value/Revenue0.92
Enterprise Value/Gross Profit4.30
Enterprise Value/Ebitda14.72
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. 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 ...
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...
Swvl Key Performance Indicators (KPIs)
Swvl Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
40
Negative
Cash Flow
50
Neutral
| 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
Negative
1.84
Price Trends
1.59
Negative
2.01
Negative
2.84
Negative
Market Momentum
-0.08
Positive
34.64
Neutral
9.06
Positive
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 1.84 is above the 20-day moving average (MA) of 1.46, above the 50-day MA of 1.59, and below the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 34.64 is Neutral, neither overbought nor oversold. The STOCH value of 9.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
49 Neutral | $84.43K | -7.26 | 0.62% | ― | -28.50% | ― | |
44 Neutral | $14.47M | -33.47 | 14.50% | ― | -2.39% | -3.11% | |
| ― | $134.99M | 0.10 | 74.86% | ― | 259.01% | -61.05% | |
38 Underperform | $126.51M | -0.54 | -337.15% | ― | 34.50% | 70.55% |
* Industrials Sector Average
SWVL
Swvl
1.35
-1.55
-53.45%
QH
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0.02
-116.08
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3.68
-27.51
-88.20%
NXTT
Next Technology Holding
1.77
-49.23
-96.53%
RYDE
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1.04
0.81
360.18%
Swvl Corporate Events
Swvl Wins Five-Year, $5.5 Million UAE Contract After 5x Growth in 2025
Feb 2, 2026
On February 2, 2026, Swvl announced it had signed a new five-year contract in the United Arab Emirates worth up to $5.5 million, deepening its presence in what it describes as one of its fastest-growing and highest-value markets. The deal, which f...
Swvl Enters Kuwait with $2.2 Million Enterprise Mobility Contract
Jan 27, 2026
On January 27, 2026, Swvl launched operations in Kuwait, anchored by a multi-year contract valued at $2.2 million, in a move that the company describes as a key milestone in its Gulf Cooperation Council expansion strategy. The Kuwait rollout will ...
Swvl and Bank AlJazira Achieve 100,000 Bookings Milestone in Saudi Arabia
Nov 26, 2025
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 su...
Swvl Faces Nasdaq Compliance Challenge
Nov 6, 2025
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...
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.