Company Valuation: Kinnevik AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 90,557 40,136 30,437 20,871 23,593 15,139 - -
Change - -55.68% -24.17% -31.43% 13.04% -35.83% - -
Enterprise Value (EV) 1 85,173 29,749 22,557 9,931 15,032 7,663 7,664 7,664
Change - -65.07% -24.18% -55.97% 51.36% -49.02% 0.02% 0%
P/E ratio 6.08x -2.05x -6.37x -7.93x -6.93x 10x 27.7x 28.1x
PBR 1.24x 0.76x 0.63x 0.52x 0.65x 0.38x 0.38x 0.38x
PEG - 0x 0.1x 0.2x -0.2x -0x -0.4x -20.26x
Capitalization / Revenue 53.6x - 32.5x 907x - 10.6x 10.1x -
EV / Revenue 50.4x - 24.1x 432x - 5.35x 5.1x -
EV / EBITDA - - - - - - - -
EV / EBIT - -1.51x -4.4x -3.23x -3.3x 6.74x 36.7x 38x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 53.12 -69.83 -16.96 -9.3 -12.08 5.237 1.891 1.865
Distribution rate - - - - - - - -
Net sales 1 1,689 - 936 23 - 1,432 1,503 -
EBITDA - - - - - - - -
EBIT 1 - -19,679 -5,123 -3,075 -4,554 1,138 208.9 201.6
Net income 1 14,777 -19,519 -4,766 -2,623 -3,346 1,451 523.9 516.6
Net Debt 1 -5,384 -10,387 -7,880 -10,940 -8,561 -7,476 -7,475 -7,475
Reference price 2 322.75 143.20 108.10 73.74 83.68 52.40 52.40 52.40
Nbr of stocks (in thousands) 2,78,296 2,80,043 2,81,966 2,82,770 2,81,772 2,81,772 - -
Announcement Date 03/02/22 02/02/23 01/02/24 04/02/25 03/02/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10x5.35x - -.--% 164.15Cr
11.64x1.11x4.44x2.07% 1.8TCr
6.93x14.58x - 1.31% 1.28TCr
6.46x9.46x27.6x2.6% 1.2TCr
Average 8.76x 7.62x 16.02x 1.5% 1.11TCr
Weighted average by Cap. 8.82x 7.41x 13.70x 1.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield