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

SPLTN is good value based on its Price-To-Book Ratio (0.8x) compared to the peer average (0.9x).

How does SPLTN's PB Ratio compare vs other companies in the SE Capital Markets Industry?

SPLTN is good value based on its Price-To-Book Ratio (0.8x) compared to the Swedish Capital Markets industry average (1x).

What is SPLTN'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.

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

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

SPLTN (SEK227.5) is trading below our estimate of [[fair value]] (SEK282.5)

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

Insufficient data to show price forecast.

SPLTN Stock Overview

A venture capital and private equity firm specializing in providing multi stage financing with a focus on startups and growth companies. More details

SPLTN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 19.5% below our estimate of its fair value

Risk Analysis

Earnings have declined by 30.6% per year over past 5 years

Makes less than USD$1m in revenue (SEK-353M)

My Notes

Capture your thoughts, links and company narrative

Investment AB Spiltan Competitors

CoinShares International

OM:CS

SEK 5.4b

AB Traction

OM:TRAC B

SEK 3.8b

VEF

OM:VEFAB

SEK 2.3b

Ratos

OM:RATO B

SEK 10.2b

Price History & Performance

Summary of share price highs, lows and changes for Investment AB Spiltan
Historical stock prices
Current Share Price	SEK 227.50
52 Week High	SEK 0
52 Week Low	SEK 0
Beta	0.75
1 Month Change	-3.81%
3 Month Change	13.75%
1 Year Change	4.84%
3 Year Change	-22.88%
5 Year Change	n/a
Change since IPO	-0.66%

Recent updates

Shareholder Returns

	SPLTN	SE Capital Markets	SE Market
7D	-2.8%	-4.8%	-3.3%
1Y	4.8%	10.8%	4.8%

Return vs Industry: SPLTN underperformed the Swedish Capital Markets industry which returned 10.8% over the past year.

Return vs Market: SPLTN matched the Swedish Market which returned 4.8% over the past year.

Price Volatility

Is SPLTN's price volatile compared to industry and market?
SPLTN volatility
SPLTN Average Weekly Movement	3.6%
Capital Markets Industry Average Movement	6.1%
Market Average Movement	5.6%
10% most volatile stocks in SE Market	11.3%
10% least volatile stocks in SE Market	3.2%

Stable Share Price: SPLTN has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: SPLTN's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	n/a	Per Borjesson	www.spiltan.se

Investment AB Spiltan is a venture capital and private equity firm specializing in providing multi stage financing with a focus on startups and growth companies. The firm seeks to invest in gaming, finance, real estate and industry. and tech businesses.

Investment AB Spiltan Fundamentals Summary

How do Investment AB Spiltan's earnings and revenue compare to its market cap?
SPLTN fundamental statistics
Market cap	SEK 7.21b
Earnings (TTM)	-SEK 380.54m
Revenue (TTM)	n/a

-20.0x

P/S Ratio

-18.6x

P/E Ratio

Is SPLTN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPLTN income statement (TTM)
Revenue	-SEK 352.82m
Cost of Revenue	SEK 0
Gross Profit	-SEK 352.82m
Other Expenses	SEK 27.73m
Earnings	-SEK 380.54m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-12.25
Gross Margin	100.00%
Net Profit Margin	107.86%
Debt/Equity Ratio	1.0%

How did SPLTN perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

-8%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 23:58
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Investment AB Spiltan is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution