Want to see SE:INDU.C full AI Analyst Report?
Top Page
Industrivarden AB Class C
(INDU.C)
Select Model
Select Model
Rating:69Neutral
Price Target:
kr542.00
▲(31.81% Upside)
Action:Downgraded
Date:10/10/26
The score is driven primarily by strong financial positioning (low leverage, growing equity, high recent profitability) and a very low P/E valuation. These positives are meaningfully offset by weak technical momentum (price below key moving averages with negative MACD and oversold RSI/Stoch) and the company’s historically volatile revenue/earnings and less reliable cash-flow indicators.
Positive Factors
Conservative balance sheet
Low leverage gives Industrivärden financial flexibility to withstand portfolio volatility, sustain shareholder distributions, and pursue investments without relying heavily on borrowing. Continued equity expansion also strengthens the balance sheet and supports resilience over the next several quarters.
Negative Factors
Highly volatile earnings profile
Large historical swings reduce confidence that recent profitability can be repeated consistently. Because results are tied to investment performance and portfolio conditions, weaker periods can materially affect distributable earnings, equity growth, and the company’s ability to plan capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage gives Industrivärden financial flexibility to withstand portfolio volatility, sustain shareholder distributions, and pursue investments without relying heavily on borrowing. Continued equity expansion also strengthens the balance sheet and supports resilience over the next several quarters.
Read all positive factors
Industrivarden AB Class C (INDU.C) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr224.83B
Dividend Yield1.69%
Average Volume (3M)326.51K
Price to Earnings (P/E)4.2
Beta (1Y)1.20
Revenue Growth-1.43%
EPS Growth290.11%
CountrySE
Employees15
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)145.54
Shares Outstanding221,268,370
10 Day Avg. Volume289,590
30 Day Avg. Volume326,508
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.94
Price to Sales (P/S)18.82
P/FCF Ratio19.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)56.5
Revenue Forecast (FY)kr9.05B
Industrivarden AB Class C Business Overview & Revenue Model
Company Description
AB Industrivärden functions as a publicly traded investment management firm. Its primary focus is on allocating capital to public equity markets throughout the Nordic countries. The company constructs its portfolio using a fundamental analysis met...
How the Company Makes Money
Industrivärden makes money primarily through (1) dividends received from its portfolio companies, and (2) changes in the market value of its equity holdings (capital appreciation), which it can realize through partial or full sales of positions. D...
Industrivarden AB Class C Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.52B | 9.53B | 12.92B | 27.20B | -13.88B | 26.73B |
| Gross Profit | 35.43B | 9.53B | 12.73B | 27.00B | -13.96B | 26.69B |
| EBITDA | 63.14B | 35.66B | 12.72B | 26.99B | -13.98B | 26.68B |
| Net Income | 62.86B | 35.40B | 12.65B | 26.84B | -13.97B | 26.59B |
Balance Sheet | ||||||
| Total Assets | 231.37B | 198.90B | 167.44B | 158.53B | 134.76B | 150.75B |
| Cash, Cash Equivalents and Short-Term Investments | 3.93B | 1.34B | 843.00M | 869.00M | 795.00M | 697.00M |
| Total Debt | 6.28B | 7.28B | 7.79B | 8.20B | 8.18B | 7.22B |
| Total Liabilities | 7.07B | 7.88B | 8.27B | 8.65B | 8.58B | 7.67B |
| Stockholders Equity | 224.30B | 191.02B | 159.18B | 149.88B | 126.18B | 143.08B |
Cash Flow | ||||||
| Free Cash Flow | 9.22B | 9.21B | 8.29B | 6.06B | 5.24B | 6.99B |
| Operating Cash Flow | 9.22B | 9.21B | 8.29B | 6.06B | 5.24B | 6.99B |
| Investing Cash Flow | -4.11B | -4.65B | -4.57B | -2.85B | -3.18B | -2.26B |
| Financing Cash Flow | -3.78B | -4.06B | -3.75B | -3.13B | -1.96B | -4.03B |
Industrivarden AB Class C Technical Analysis
Positive
411.20
Price Trends
524.74
Negative
525.81
Negative
499.65
Positive
Market Momentum
-2.32
Negative
54.40
Neutral
97.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INDU.C, the sentiment is Positive. The current price of 411.2 is below the 20-day moving average (MA) of 510.70, below the 50-day MA of 524.74, and below the 200-day MA of 499.65, indicating a neutral trend. The MACD of -2.32 indicates Negative momentum. The RSI at 54.40 is Neutral, neither overbought nor oversold. The STOCH value of 97.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:INDU.C.
Industrivarden AB Class C Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | kr1.30T | 6.09 | 20.83% | 1.30% | 1.50% | 204.93% | |
78 Outperform | kr144.34B | 7.81 | 14.04% | 0.84% | -3.57% | 154.56% | |
74 Outperform | kr6.70B | 5.32 | ― | 5.02% | -8.09% | 220.60% | |
69 Neutral | kr224.83B | 4.19 | 25.59% | 1.69% | -1.43% | 290.11% | |
61 Neutral | kr22.72B | 4.52 | 24.04% | 0.90% | -3.49% | ― | |
57 Neutral | kr13.28B | -56.44 | -1.68% | 3.44% | -23.16% | -128.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:INDU.C
Industrivarden AB Class C
519.20
131.04
33.76%
SE:INVE.A
Investor AB
419.10
110.54
35.82%
SE:LUND.B
L E Lundbergfoeretagen AB
582.00
77.38
15.33%
SE:RATO.B
Ratos AB
40.64
3.72
10.07%
SE:BURE
Bure Equity AB
306.20
30.24
10.96%
SE:ORES
Investment AB Oresund
147.40
36.58
33.01%
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.