Financials Kinnevik AB

Equities

KINV B

SE0015810247

Investment Holding Companies

Market Closed - Nasdaq Stockholm Other stock markets 11:29:35 2024-04-26 am EDT			5-day change	1st Jan Change
117 ^SEK	+4.19%		+3.96%	+8.19%

Apr. 18	KINNEVIK INVESTMENT : Kinnevik delivers lacklustre results but rewards shareholders
Apr. 18	Tele2: net profit of SEK 0.8 billion	CF

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	63,663	115,702	90,557	40,136	30,437	33,005	-	-
Enterprise Value (EV) ¹	64,593	110,885	85,173	29,749	22,557	37,605	37,836	40,885
P/E ratio	2.94 x	2.86 x	6.08 x	-2.05 x	-6.37 x	8.05 x	6.5 x	-
Yield	-	1.68%	-	-	-	-	-	-
Capitalization / Revenue	21.9 x	68.5 x	53.6 x	-	32.5 x	7.66 x	6.23 x	-
EV / Revenue	22.2 x	65.7 x	50.4 x	-	24.1 x	8.73 x	7.14 x	-
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	24,504,211 x	83,561,002 x	64,869,345 x	-	-	-	-	-
FCF Yield	0%	0%	0%	-	-	-	-	-
Price to Book	0.86 x	1.03 x	1.24 x	0.76 x	0.63 x	0.64 x	0.59 x	-
Nbr of stocks (in thousands)	276,604	277,775	278,296	280,043	281,966	281,966	-	-
Reference price ²	229.0	415.5	322.8	143.2	108.1	117.0	117.0	117.0
Announcement Date	2/6/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,907	1,689	1,689	-	936	4,306	5,299
EBITDA	-	-	-	-	-	-	-
EBIT ¹	21,534	1,293	-	-19,679	-5,123	3,907	4,880
Operating Margin	740.76%	76.55%	-	-	-547.33%	90.73%	92.08%
Earnings before Tax (EBT) ¹	21,573	41,106	14,782	-19,519	-4,766	4,067	5,040
Net income ¹	21,572	40,274	14,777	-19,519	-4,766	4,059	5,030
Net margin	742.07%	2,384.49%	874.9%	-	-509.19%	94.26%	94.91%
EPS ²	78.02	145.2	53.12	-69.83	-16.96	14.52	18.00
Free Cash Flow	2,636	1,327	1,313	-	-	-	-
FCF margin	90.68%	78.57%	77.74%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	12.22%	3.29%	8.89%	-	-	-	-
Dividend per Share ²	-	7.000	-	-	-	-	-
Announcement Date	2/6/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2024 Q2
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	2,546	-
Net margin	-	-
EPS	9.090	-
Dividend per Share ¹	-	21.00
Announcement Date	4/20/23	-

¹SEK

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	930	-	-	-	-	4,600	4,831	7,880
Net Cash position ¹	-	4,817	5,384	10,387	7,880	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	2,636	1,327	1,313	-	-	-	-	-
ROE (net income / shareholders' equity)	3.62%	1.33%	16.1%	5.33%	-9.43%	7.51%	9.18%	-
ROA (Net income/ Total Assets)	3.41%	41.5%	15.2%	4.9%	-8.57%	6.64%	7.93%	-
Assets ¹	631,909	97,011	97,166	-398,681	55,621	61,089	63,392	-
Book Value Per Share ²	265.0	402.0	260.0	189.0	171.0	183.0	198.0	-
Cash Flow per Share ²	9.530	4.780	4.720	11.40	2.140	12.60	12.60	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	2/6/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹SEK in Million²SEK

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Kinnevik AB

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

117 SEK

Average target price

136.5 SEK

Spread / Average Target

+16.72%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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