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Swvl
(NASDAQ:SWVL)
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Rating:49Neutral
Price Target:
$3.00
▲(29.87% Upside)
Action:Reiterated
Date:08/29/26
The score is held back primarily by weak cash generation (negative operating cash flow/free cash flow even in 2025) and only partial profitability improvement (operating profit still negative), alongside a high P/E that offers little valuation cushion. These risks are partially offset by strong recent technical momentum (price above major moving averages with positive MACD), though the stock looks overbought (high RSI), increasing near-term volatility risk.
Positive Factors
Recurring revenue and enterprise growth
Strong enterprise-led growth, high recurring revenue and net dollar retention suggest customers are expanding usage. This can improve revenue visibility and operating leverage as Swvl scales its platform across core markets.
Negative Factors
Persistent negative cash generation
Swvl remains unable to self-fund operations despite reported net income and EBITDA improvement. Continued cash consumption increases liquidity risk and may require additional financing before the business achieves consistently positive operating cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue and enterprise growth
Strong enterprise-led growth, high recurring revenue and net dollar retention suggest customers are expanding usage. This can improve revenue visibility and operating leverage as Swvl scales its platform across core markets.
Read all positive factors
Swvl Key Performance Indicators (KPIs)
Any
Revenue by Geography
Maps revenue across the countries and regions where Swvl operates, highlighting which markets produce the most sales and which are driving growth or weighing on margins. Reveals exposure to local regulations, currency swings, and competitive pressure, helping investors assess diversification, growth runway, and regional risk.
Maps revenue across the countries and regions where Swvl operates, highlighting which markets produce the most sales and which are driving growth or weighing on margins. Reveals exposure to local regulations, currency swings, and competitive pressure, helping investors assess diversification, growth runway, and regional risk.
Data provided by:
The Fly
The FlySwvl (SWVL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.09M
Dividend YieldN/A
Average Volume (3M)2.76M
Price to Earnings (P/E)60.5
Beta (1Y)1.82
Revenue Growth40.45%
EPS GrowthN/A
CountryUS
Employees324
SectorIndustrials
Sector Strength72
IndustryGeneral Transportation
Share Statistics
EPS (TTM)0.10
Shares Outstanding9,964,344
10 Day Avg. Volume8,264,943
30 Day Avg. Volume2,763,152
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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 enabled by its platform. Key revenue streams include: (1) B2B contracts for employee transportation (often referred to as Transportation-as-a-Service), where companies pay Swvl to ...
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
Positive
2.31
Price Trends
1.54
Positive
1.58
Positive
1.79
Positive
Market Momentum
0.31
Negative
79.50
Negative
83.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWVL, the sentiment is Positive. The current price of 2.31 is above the 20-day moving average (MA) of 1.70, above the 50-day MA of 1.54, and above the 200-day MA of 1.79, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 79.50 is Negative, neither overbought nor oversold. The STOCH value of 83.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $31.09M | 60.50 | 9.01% | ― | 40.45% | ― | |
46 Neutral | $8.87M | >-0.01 | -60.08% | ― | 617.83% | -107.08% | |
44 Neutral | $12.12M | -0.02 | -39.01% | ― | -16.91% | 89.29% | |
42 Neutral | $110.67M | -1.16 | -164.91% | ― | 43.04% | 59.79% |
* Industrials Sector Average
SWVL
Swvl
3.83
0.34
9.74%
QH
Quhuo
4.12
-172.59
-97.67%
AUUD
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1.00
-16.10
-94.16%
NXTT
Next Technology Holding
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RYDE
Ryde Group Limited Class A
0.70
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144.60%
Swvl Corporate Events
Swvl Secures $14.5 Million Strategic Private Placements to Fuel U.S. Expansion
Aug 26, 2026
On August 24–25, 2026, Swvl entered into a series of private placement agreements with Coefficient SWVL Holdings, HITE Hedge Asset Management and Sofico Holdings Limited to issue a total of more than 10 million Class A ordinary shares. These...
Swvl Secures $13 Million Strategic Investment to Fund U.S. Expansion and Growth
Aug 25, 2026
On August 25, 2026, Swvl Holdings Corp announced it had entered a definitive agreement for a $13 million private placement, priced at-the-market under Nasdaq rules and led by Houston-based Coefficient LP, which is backed by Egypt’s Sawiris f...
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...
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.