Kinnevik AB

BATS-CHIXE:KINVBs Stock Report

Market Cap: SEK 22.5b

Kinnevik Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 KINVBs when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

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

Key metric: As KINVBs 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 KINVBs. This is calculated by dividing KINVBs's market cap by their current book value.
What is KINVBs's PB Ratio?
PB Ratio0.6x
BookSEK 37.40b
Market CapSEK 22.49b

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for KINVBs vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.8x
CLDN Caledonia Investments
0.7xn/aUK£1.9b
HICL HICL Infrastructure
0.7xn/aUK£2.2b
MNG M&G
1.3x26.7%UK£4.8b
OSB OSB Group
0.7x-6.0%UK£1.5b
KINVBs Kinnevik
0.6x102.2%SEK 22.5b

Price-To-Book vs Peers: KINVBs is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (0.8x).

Price to Book Ratio vs Industry

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

4 CompaniesPrice / BookEstimated GrowthMarket Cap
NBS Nationwide Building Society
0.06xn/aUS$1.45b
CIN City of London Group
0.3xn/aUS$14.23m
ORCH Orchard Funding Group
0.3x7.6%US$7.54m
VCAP Vector Capital
0.2xn/aUS$5.97m
No more companies available in this PB range
No. of Companies7PB01.63.24.86.48+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: KINVBs is good value based on its Price-To-Book Ratio (0.6x) compared to the UK Diversified Financial industry average (1.2x).

Price to Book Ratio vs Fair Ratio

What is KINVBs'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.

KINVBs PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate KINVBs'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?

The above table shows the analyst KINVBs forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 101.86
0%
13.7%SEK 130.00SEK 81.00n/a7
Jan ’26n/a
SEK 101.50
0%
14.8%SEK 130.00SEK 81.00n/a6
Dec ’25n/a
SEK 99.83
0%
12.0%SEK 120.00SEK 81.00n/a6
Nov ’25SEK 73.13
SEK 103.00
+40.8%
8.4%SEK 120.00SEK 94.00n/a6
Oct ’25SEK 82.28
SEK 107.50
+30.7%
10.6%SEK 130.00SEK 94.00n/a6
Sep ’25n/a
SEK 107.50
0%
10.6%SEK 130.00SEK 94.00n/a6
Aug ’25n/a
SEK 107.50
0%
10.6%SEK 130.00SEK 94.00n/a6
Jul ’25SEK 87.55
SEK 125.36
+43.2%
14.1%SEK 154.00SEK 104.00n/a6
Jun ’25n/a
SEK 139.00
0%
14.0%SEK 165.00SEK 114.00n/a6
May ’25n/a
SEK 136.50
0%
12.2%SEK 165.00SEK 114.00n/a6
Apr ’25n/a
SEK 138.80
0%
13.0%SEK 165.00SEK 114.00n/a5
Mar ’25SEK 106.73
SEK 138.80
+30.1%
13.0%SEK 165.00SEK 114.00n/a5
Feb ’25n/a
SEK 140.00
0%
14.8%SEK 165.00SEK 110.00n/a5
Jan ’25n/a
SEK 132.40
0%
17.8%SEK 165.00SEK 107.00n/a5
Dec ’24n/a
SEK 132.40
0%
17.8%SEK 165.00SEK 107.00n/a5
Nov ’24n/a
SEK 144.20
0%
21.0%SEK 180.00SEK 107.00SEK 73.135
Oct ’24n/a
SEK 171.60
0%
14.7%SEK 215.00SEK 145.00SEK 82.285
Sep ’24n/a
SEK 171.60
0%
14.7%SEK 215.00SEK 145.00n/a5
Aug ’24n/a
SEK 171.60
0%
14.7%SEK 215.00SEK 145.00n/a5
Jul ’24n/a
SEK 170.40
0%
14.9%SEK 215.00SEK 145.00SEK 87.555
Jun ’24SEK 153.28
SEK 176.33
+15.0%
15.1%SEK 215.00SEK 145.00n/a6
May ’24n/a
SEK 176.33
0%
15.1%SEK 215.00SEK 145.00n/a6
Apr ’24SEK 150.45
SEK 173.33
+15.2%
14.2%SEK 205.00SEK 144.00n/a6
Mar ’24SEK 153.40
SEK 173.33
+13.0%
14.2%SEK 205.00SEK 144.00SEK 106.736
Feb ’24SEK 163.65
SEK 170.20
+4.0%
16.0%SEK 210.00SEK 137.00n/a5
Jan ’24n/a
SEK 170.20
0%
16.0%SEK 210.00SEK 137.00n/a5
Analyst Price Target
Consensus Narrative from 7 Analysts
SEK 98.95
Fair Value
22.0% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/19 15:17
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kinnevik AB is covered by 15 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adonis CaticABG Sundal Collier
Pierre-Yves GauthierAlphaValue
Philip MiddletonBofA Global Research