Kinnevik AB Class A (KINV.A) AI Stock Analysis

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Kinnevik AB Class A

(Nasdaq OMX AB:KINV.A)

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Rating:55Neutral

Price Target:SEK 80.00▲(3.63% Upside)

Action:reiterated

Date:10/29/26

The score is held back primarily by weak financial performance (large ongoing losses and recent negative cash flow), partially offset by a strong technical setup (price above key moving averages with positive momentum). Valuation is also a headwind because the negative P/E reflects loss-making results and no dividend yield data is available.

Positive Factors

Diversified investment modelA diversified portfolio spanning marketplaces, fintech, health, and software-enabled services gives Kinnevik multiple avenues for value creation. Active ownership, board participation, and strategic guidance can support portfolio scaling and reduce reliance on one operating product or market.

Negative Factors

Large ongoing lossesLarge net losses and negative operating earnings indicate that current results are not generating sustainable profitability. Continued losses can erode the equity base, weaken returns on invested capital, and constrain Kinnevik’s ability to reinvest or support portfolio companies over time.

Kinnevik AB Class A (KINV.A) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 19.65B
Dividend Yield: ―
Average Volume (3M): 11.20K
Price to Earnings (P/E): -2.5
Beta (1Y): 0.76
Revenue Growth: 675.00%
EPS Growth: -6317.71%
Country: Sweden
Employees: 45
Sector: Financial
Sector Strength: 68
Industry: Financial - Conglomerates

Kinnevik AB Class A Business Overview & Revenue Model

Company Description

Kinnevik AB, formerly known as Investment AB Kinnevik, operates as a venture capital firm dedicated to growth-stage investments. It primarily targets digital consumer enterprises, educational platforms, communication services, e-commerce ventures, on...

Kinnevik AB Class A Financial Statement Overview

Summary

Financials are mixed but tilted negative: profitability and earnings quality are weak with a large TTM net loss (~-7.7B) and negative EBIT/EBITDA, plus high volatility across years. Cash flow has also deteriorated with negative operating and free cash flow in TTM (~-209M), indicating recent cash burn. The main offset is a still-conservative balance sheet (TTM debt-to-equity ~0.07) and a sizable equity cushion (~29.8B), though equity has trended down and ROE is negative (~-25%).

Income Statement

18Very Negative

Balance Sheet

72Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	-5.98B	10.00M	-2.55B	-4.67B	-19.45B	14.84B
Gross Profit	-6.04B	-4.24B	-2.60B	-4.72B	-19.50B	14.80B
EBITDA	-8.83B	-4.55B	-2.62B	-4.77B	-19.52B	14.78B
Net Income	-7.71B	-3.35B	-2.62B	-4.77B	-19.52B	14.78B
Balance Sheet
Total Assets	32.01B	38.12B	44.11B	53.51B	57.73B	78.59B
Cash, Cash Equivalents and Short-Term Investments	9.33B	10.39B	14.62B	2.37B	13.85B	10.54B
Total Debt	2.01B	2.00B	3.49B	3.49B	3.49B	4.69B
Total Liabilities	2.17B	2.25B	4.91B	5.35B	4.82B	6.20B
Stockholders Equity	29.84B	35.87B	39.20B	48.16B	52.91B	72.39B
Cash Flow
Free Cash Flow	-209.00M	-215.00M	-220.00M	600.00M	3.18B	1.31B
Operating Cash Flow	-209.00M	-215.00M	-220.00M	600.00M	3.18B	1.31B
Investing Cash Flow	-1.08B	-2.65B	8.87B	-2.84B	1.38B	-215.00M
Financing Cash Flow	0	-1.50B	-6.37B	0	-1.21B	1.86B

Kinnevik AB Class A Technical Analysis

Technical Analysis SentimentPositive

Last Price77.20

Price Trends

50DMA71.02Positive

100DMA67.45Positive

200DMA67.27Positive

Market Momentum

MACD1.72Negative

RSI60.31Neutral

STOCH86.50Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KINV.A, the sentiment is Positive. The current price of 77.20 is above the 20-day moving average (MA) of 73.41, above the 50-day MA of 71.02, and above the 200-day MA of 67.27, indicating a bullish trend. The MACD of 1.72 indicates Negative momentum. The RSI at 60.31 is Neutral, neither overbought nor oversold. The STOCH value of 86.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:KINV.A.

Kinnevik AB Class A Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

SE:KINV.A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:SVOL.B	75Outperform	SEK 6.56B	15.63	7.21%	2.18%	1359.94%	4701.57%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SE:STOR.B	65Neutral	SEK 18.70B	16.63	5.34%	0.99%	2.43%	6.84%
SE:BURE	61Neutral	SEK 22.72B	4.52	24.04%	0.90%	-3.49%	―
SE:KINV.A	55Neutral	SEK 19.65B	-2.54	-25.02%	―	675.00%	-6317.71%
SE:VNV	54Neutral	SEK 2.32B	-1.64	-30.38%	―	-35.14%	-1077.40%
SE:CAT.B	52Neutral	SEK 1.39B	-9.16	-8.17%	5.71%	-33.39%	-187.36%

* Financial Sector Average

Performance Comparison

SE:KINV.A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:KINV.A	Kinnevik AB Class A	77.20	-15.10	-16.36%
SE:VNV	Vnv Global Ab	18.14	-5.16	-22.15%
SE:STOR.B	Storskogen Group AB Class B	11.09	1.38	14.18%
SE:BURE	Bure Equity AB	306.20	33.40	12.25%
SE:CAT.B	Catella AB Class B	15.76	-13.41	-45.97%
SE:SVOL.B	Svolder AB Class B	62.05	7.61	13.97%

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.

Date of analysis: Oct 29, 2026

Kinnevik AB Class A AI Stock Analysis

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