Kinnevik
Market Cap
kr116.2b
Last Updated
2021/01/22 18:48 UTC
Data Sources
Company Financials +
Executive Summary
Kinnevik AB formerly known as Investment AB Kinnevik, is a venture capital firm specializing in investments in growth capital. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 87.7% per year for the next 3 years
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 B | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 1.3% | 1.6% |
| 30 Day | 1.9% | 5.8% | 5.6% |
| 90 Day | 10.9% | 10.8% | 10.9% |
| 1 Year | 81.6%77.9% | 23.5%21.9% | 18.7%15.6% |
| 3 Year | 106.3%43.1% | 67.8%51.6% | 48.6%30.9% |
| 5 Year | 218.9%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
1 month ago | Simply Wall St
What Kind Of Investors Own Most Of Kinnevik AB (STO:KINV B)?3 months ago | Simply Wall St
Kinnevik AB's (STO:KINV B) Business And Shares Still Trailing The Market4 months ago | Simply Wall St
Is Kinnevik AB (STO:KINV B) Popular Amongst Institutions?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3yrs | no data | 0.034% SEK 40.0m | |
| Chief Financial Officer | 0.75yr | no data | no data | |
| Director of Investor Relations & Corporate Communications | no data | no data | no data | |
| General Counsel & Company Secretary | 4.25yrs | no data | no data | |
| Human Resource and Compensation & Benefit Manager | 2yrs | no data | no data | |
| Chief People & Platform Officer | 0.92yr | no data | no data | |
| Senior Investment Director | no data | no data | no data | |
| Head of Strategy | 0.33yr | no data | no data | |
| Senior Investment Director | no data | no data | no data | |
| President of Industriförvaltnings Ab Kinnevik Stockholm | no data | no data | no data | |
| Investment Director | no data | no data | no data | |
| Investment Director | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 17yrs | kr720.00k | 0.66% SEK 766.4m | |
| Independent Director | 1.67yrs | kr1.37m | no data | |
| Independent Director | 1.67yrs | kr870.00k | 0.00061% SEK 708.7k | |
| Independent Deputy Chairman | 3.42yrs | kr1.92m | 0.0054% SEK 6.3m | |
| Independent Chairman of the Board | 2.67yrs | kr2.65m | 0.0054% SEK 6.3m | |
| Independent Director | 2.67yrs | kr1.02m | 0.0014% SEK 1.7m | |
| Independent Director | 0.67yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KINV B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Sep 1997 |
| IV6F | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Sep 1997 |
| 0RH1 | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Sep 1997 |
| KNVK.F | OTCPK (Pink Sheets LLC) | Yes | Class B Shares | US | USD | Sep 1997 |
| KINVBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Sep 1997 |
| KINV A | OM (OMX Nordic Exchange Stockholm) | Class A Shares | SE | SEK | Jul 2004 | |
| 0RGZ | LSE (London Stock Exchange) | Class A Shares | GB | SEK | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 18:48 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.