Kinnevik Valuation

Is IV62 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IV62 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IV62's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IV62's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IV62?

Key metric: As IV62 is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for IV62. This is calculated by dividing IV62's market cap by their current book value.
What is IV62's PB Ratio?
PB Ratio	0.6x
Book	SEK 37.40b
Market Cap	SEK 21.23b

IV62 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	-1.3x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does IV62's PB Ratio compare to its peers?

The above table shows the PB ratio for IV62 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	6.7x
CHG CHAPTERS Group	3.6x	85.8%	€533.4m
PZS Scherzer	0.9x	96.5%	€66.5m
HYQ Hypoport	4.1x	30.4%	€1.4b
T2G Tradegate Wertpapierhandelsbank	17.9x	n/a	€2.2b
IV62 Kinnevik	0.6x	102.2%	€21.2b

Price-To-Book vs Peers: IV62 is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (6.7x).

Price to Book Ratio vs Industry

How does IV62's PB Ratio compare vs other companies in the DE Diversified Financial Industry?

1 Company	Price / Book	Estimated Growth	Market Cap
CSQ creditshelf	0.07x	n/a	US$29.27k

No more companies available in this PB range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: IV62 is good value based on its Price-To-Book Ratio (0.6x) compared to the European Diversified Financial industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is IV62's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IV62 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.6x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate IV62's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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