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Kinnevik AB Class A
(KINV.A)
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Rating:45Neutral
Price Target:
kr63.00
▼(-24.00% Downside)
Action:Reiterated
Date:07/11/26
The score is primarily held back by weak financial performance: sizable recent losses and a shift to negative operating/free cash flow, despite low leverage. Technicals add a further drag as the stock trades below key moving averages with negative MACD, while valuation is only neutral due to loss-making earnings (negative P/E) and no dividend yield data.
Positive Factors
Conservative Balance Sheet / Low Leverage
Very low debt provides durable financial flexibility: Kinnevik can support portfolio companies, fund follow-on investments, or weather mark-to-market losses without forced disposals. This structural conservatism preserves optionality and reduces refinancing risk over the medium term.
Negative Factors
Persistent Large Net Losses
Sustained, large losses are structurally damaging: they erode equity, compress reinvestment capacity, and undermine the premise of an investment vehicle that relies on NAV appreciation. Persistent negative earnings reduce management's flexibility to pursue long-term value-creating initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet / Low Leverage
Very low debt provides durable financial flexibility: Kinnevik can support portfolio companies, fund follow-on investments, or weather mark-to-market losses without forced disposals. This structural conservatism preserves optionality and reduces refinancing risk over the medium term.
Read all positive factors
Kinnevik AB Class A (KINV.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr17.09B
Dividend Yield18.69%
Average Volume (3M)11.18K
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth400.00%
EPS Growth-184.07%
CountrySE
Employees45
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)-25.94
Shares Outstanding33,752,914
10 Day Avg. Volume7,903
30 Day Avg. Volume11,182
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.65
Price to Sales (P/S)2317.71
P/FCF Ratio-107.80
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)5.24
Revenue Forecast (FY)kr716.02M
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,...
How the Company Makes Money
Kinnevik does not primarily generate revenue by selling products or services itself; instead, it makes money through investment returns from its portfolio. Key value and cash-generation mechanisms include: (1) Capital gains and changes in fair val...
Kinnevik AB Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -6.21B | 10.00M | -2.55B | -4.67B | -19.45B | 14.84B |
| Gross Profit | -6.25B | -4.24B | -2.60B | -4.72B | -19.50B | 14.80B |
| EBITDA | -8.39B | -4.55B | -2.62B | -4.77B | -19.52B | 14.78B |
| Net Income | -7.19B | -3.35B | -2.62B | -4.77B | -19.52B | 14.78B |
Balance Sheet | ||||||
| Total Assets | 31.84B | 38.12B | 44.11B | 53.51B | 57.73B | 78.59B |
| Cash, Cash Equivalents and Short-Term Investments | 9.36B | 10.39B | 14.62B | 2.37B | 13.85B | 10.54B |
| Total Debt | 2.06B | 2.00B | 3.49B | 3.49B | 3.49B | 4.69B |
| Total Liabilities | 2.22B | 2.25B | 4.91B | 5.35B | 4.82B | 6.20B |
| Stockholders Equity | 29.62B | 35.87B | 39.20B | 48.16B | 52.91B | 72.39B |
Cash Flow | ||||||
| Free Cash Flow | -138.00M | -215.00M | -220.00M | 600.00M | 3.18B | 1.31B |
| Operating Cash Flow | -138.00M | -215.00M | -220.00M | 600.00M | 3.18B | 1.31B |
| Investing Cash Flow | -2.21B | -2.65B | 8.87B | -2.84B | 1.38B | -215.00M |
| Financing Cash Flow | 0.00 | -1.50B | -6.37B | 0.00 | -1.21B | 1.86B |
Kinnevik AB Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | kr18.98B | 16.63 | 5.47% | 0.98% | 1.34% | 17.47% | |
65 Neutral | kr6.29B | -81.64 | -1.33% | 2.27% | 78.30% | 62.60% | |
61 Neutral | kr23.19B | 4.62 | 24.04% | 0.88% | -3.49% | ― | |
49 Neutral | kr2.47B | -1.96 | -25.72% | 35.34% | -29.17% | -2541.25% | |
46 Neutral | kr1.64B | -10.85 | -8.17% | 4.82% | -33.39% | -187.36% | |
45 Neutral | kr17.09B | -2.35 | -21.95% | 18.69% | 400.00% | -184.07% |
* Financial Sector Average
SE:KINV.A
Kinnevik AB Class A
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-20.00%
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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.