OM:KINV B

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Executive Summary

Kinnevik AB formerly known as Investment AB Kinnevik, is a venture capital firm specializing in investments in growth capital. More Details


Snowflake Analysis

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has Kinnevik's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KINV B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

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


Market Performance


7 Day Return

-0.6%

KINV B

1.3%

SE Diversified Financial

1.6%

SE Market


1 Year Return

77.9%

KINV B

21.9%

SE Diversified Financial

15.6%

SE Market

Return vs Industry: KINV B exceeded the Swedish Diversified Financial industry which returned 24.1% over the past year.

Return vs Market: KINV B exceeded the Swedish Market which returned 17.1% over the past year.


Shareholder returns

KINV BIndustryMarket
7 Day-0.6%1.3%1.6%
30 Day1.9%5.8%5.6%
90 Day10.9%10.8%10.9%
1 Year81.6%77.9%23.5%21.9%18.7%15.6%
3 Year106.3%43.1%67.8%51.6%48.6%30.9%
5 Year218.9%89.7%151.1%111.8%87.5%47.6%

Long-Term Price Volatility Vs. Market

How volatile is Kinnevik's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kinnevik undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KINV B (SEK417.3) is trading below our estimate of fair value (SEK1151.79)

Significantly Below Fair Value: KINV B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KINV B is good value based on its PE Ratio (3.3x) compared to the SE Diversified Financial industry average (6.4x).

PE vs Market: KINV B is good value based on its PE Ratio (3.3x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: KINV B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: KINV B's PB Ratio (1.1x) is in line with the SE Diversified Financial industry average.


Next Steps

Future Growth

How is Kinnevik forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-87.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KINV B's earnings are forecast to decline over the next 3 years (-87.7% per year).

Earnings vs Market: KINV B's earnings are forecast to decline over the next 3 years (-87.7% per year).

High Growth Earnings: KINV B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KINV B's revenue is expected to decline over the next 3 years (-83.6% per year).

High Growth Revenue: KINV B's revenue is forecast to decline over the next 3 years (-83.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KINV B's Return on Equity is forecast to be low in 3 years time (2.5%).


Next Steps

Past Performance

How has Kinnevik performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KINV B has a high level of non-cash earnings.

Growing Profit Margin: KINV B's current net profit margins (99%) are higher than last year (97.6%).


Past Earnings Growth Analysis

Earnings Trend: KINV B's earnings have grown significantly by 28.9% per year over the past 5 years.

Accelerating Growth: KINV B's earnings growth over the past year (144.3%) exceeds its 5-year average (28.9% per year).

Earnings vs Industry: KINV B earnings growth over the past year (144.3%) underperformed the Diversified Financial industry 189.7%.


Return on Equity

High ROE: KINV B's Return on Equity (32.8%) is considered high.


Next Steps

Financial Health

How is Kinnevik's financial position?


Financial Position Analysis

Short Term Liabilities: KINV B's short term assets (SEK5.9B) exceed its short term liabilities (SEK1.2B).

Long Term Liabilities: KINV B's short term assets (SEK5.9B) exceed its long term liabilities (SEK2.0B).


Debt to Equity History and Analysis

Debt Level: KINV B's debt to equity ratio (2.7%) is considered satisfactory.

Reducing Debt: KINV B's debt to equity ratio has increased from 1.6% to 2.7% over the past 5 years.

Debt Coverage: KINV B's debt is well covered by operating cash flow (35.3%).

Interest Coverage: KINV B's interest payments on its debt are well covered by EBIT (1263x coverage).


Balance Sheet


Next Steps

Dividend

What is Kinnevik current dividend yield, its reliability and sustainability?

0.52%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KINV B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KINV B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KINV B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KINV B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: KINV B is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KINV B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Georgi Ganev (44 yo)

3yrs

Tenure

Mr. Georgi Ganev has been Supervisory Board Vice Chairman at Global Fashion Group S.A. since June 17, 2019. He serves as Chief Executive Officer at Kinnevik AB since January 1, 2018. He served as Director ...


Leadership Team

NamePositionTenureCompensationOwnership
Georgi Ganev
Chief Executive Officer3yrsno data0.034%
SEK 40.0m
Erika Johnson
Chief Financial Officer0.75yrno datano data
Torun Litzén
Director of Investor Relations & Corporate Communicationsno datano datano data
Mattias Andersson
General Counsel & Company Secretary4.25yrsno datano data
Therese Ekström
Human Resource and Compensation & Benefit Manager2yrsno datano data
Anna Stenberg
Chief People & Platform Officer0.92yrno datano data
Christopher Bischoff
Senior Investment Directorno datano datano data
Samuel Sjostrom
Head of Strategy0.33yrno datano data
Natalie Tydeman
Senior Investment Directorno datano datano data
Vigo Carlund
President of Industriförvaltnings Ab Kinnevik Stockholmno datano datano data
Francesco Danesi
Investment Directorno datano datano data
Magnus Jakobson
Investment Directorno datano datano data

1.5yrs

Average Tenure

47yo

Average Age

Experienced Management: KINV B's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Wilhelm Klingspor
Independent Director17yrskr720.00k0.66%
SEK 766.4m
Brian McBride
Independent Director1.67yrskr1.37mno data
Susanna Campbell
Independent Director1.67yrskr870.00k0.00061%
SEK 708.7k
Henrik Poulsen
Independent Deputy Chairman3.42yrskr1.92m0.0054%
SEK 6.3m
Amelia Fawcett
Independent Chairman of the Board2.67yrskr2.65m0.0054%
SEK 6.3m
Charlotte Stromberg
Independent Director2.67yrskr1.02m0.0014%
SEK 1.7m
Cecilia Qvist
Independent Director0.67yrno datano data

2.7yrs

Average Tenure

58yo

Average Age

Experienced Board: KINV B's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kinnevik AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kinnevik AB
  • Ticker: KINV B
  • Exchange: OM
  • Founded: 1936
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Market Cap: kr116.184b
  • Shares outstanding: 277.09m
  • Website: https://www.kinnevik.com

Number of Employees


Location

  • Kinnevik AB
  • Skeppsbron 18
  • PO Box 2094
  • Stockholm
  • Stockholm County
  • 103 13
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KINV BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKSep 1997
IV6FDB (Deutsche Boerse AG)YesClass B SharesDEEURSep 1997
0RH1LSE (London Stock Exchange)YesClass B SharesGBSEKSep 1997
KNVK.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDSep 1997
KINVBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKSep 1997
KINV AOM (OMX Nordic Exchange Stockholm)Class A SharesSESEKJul 2004
0RGZLSE (London Stock Exchange)Class A SharesGBSEKJul 2004

Biography

Kinnevik AB formerly known as Investment AB Kinnevik, is a venture capital firm specializing in investments in growth capital. It prefers to invest in digital consumer business, education, communication, e...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 18:48
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.