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← CockpitCompetitor Analysis › KINV-A.ST Kinnevik AB Class AOpen in the cockpit ↗

Kinnevik AB Class AKINV-A.STCompetitor analysis, valuation and peers

Sweden · SEK·Financials›Financial Conglomerates

Swedish investment company holding stakes in digital consumer, healthtech and life-sciences growth companies.

≈ A European growth-investment holding company like a smaller ProsusMomentum leader 82
Mkt cap
$2.04B
US dollars, full cap
Free float
24%
of shares outstanding
$/day
$110,336
20-day average traded
Fwd P/E
7,720.0×
forward earnings
ROIC−WACC
n/a
WACC 9.2%
Hurdle
n/a
no reverse DCF
Next earnings
90 days
4 Feb 2027
Close · SEKSEK 77.20
1D-1.4%
1W0.0%
1M+7.5%
3M+21.4%
6M+26.6%
YTD-8.2%
1Y-13.6%
ATR %3.7%
52w lowhigh16.1% off high

What Kinnevik does

Swedish investment company holding stakes in digital consumer, healthtech and life-sciences growth companies.

Has no operating sales; returns come from rising values of its holdings and from selling or floating them, with dividends a minor part. A family sphere linked to the Stenbeck family controls it through high-vote A shares, and it has been shifting toward fewer, private growth-stage holdings.

In one line: A European growth-investment holding company like a smaller Prosus.

Products and services

  • Portfolio of digital consumer/healthtech holdings

Customers

  • Shareholders (indirect exposure to portfolio compa

Where it sits in the supply chain

  • Financials
  • Investment holding company
  • Equity stakes in growth/tech companies

What could go right

  • Portfolio company growth and exits/IPOs
  • Reallocation toward healthtech

What could go wrong

  • Concentration/valuation risk in growth holdings
  • Market sentiment swings for growth equity

Moat: narrow (scale, brand). Long history of early-stage bets (e.g., Zalando) gives sourcing/network advantages, but returns are portfolio-dependent.

Headquarters: Stockholm, Sweden · Founded: 1936 · Employees: 45

Named competitors

Kinnevik at a glance

Size Kinnevik (KINV-A.ST) is a Sweden Financials company (Financial Conglomerates) with a market value of $2.04B, the 84th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 77.20 on 6 Nov 2026.

Performance Over six months the shares gained 26.6%, against +2.2% for the median peer and +8.2% for the Sweden market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 675.0% over the last twelve months (peer median +14.1%); the operating margin is -9,422.6% (peer median 15.1%).

Valuation It trades at 7,720.0× forward earnings against a peer median of 12.0× (most expensive of 15).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

10011012013011 May 202611 Aug 20266 Nov 2026KINV-A.ST 126Peer median 104
Six months, rebased to 100: Kinnevik against the median of its 20 peers (local-currency closes).

Kinnevik financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 93.0MSEK 10.0MSEK 42.0MSEK 947MSEK 3.55B
Revenue growth—-76%-96%-73%—
Net income-SEK 7.71B-SEK 3.35B-SEK 2.62B-SEK 4.77B-SEK 19.5B
Free cash flow-SEK 208M-SEK 215M-SEK 220MSEK 600MSEK 3.18B
Capital expenditureSEK 0SEK 0SEK 0SEK 0SEK 0
Total debtSEK 2.01BSEK 2.00BSEK 3.49BSEK 3.49BSEK 3.49B

Quarterly statements and history in the cockpit →

Kinnevik competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%+60%-20%0%CGEOSTOR-BFMONCBUREINDIGRIDTIPPURR6000328YZPEUGASSTLUNR004800KYIVROKO-BRATO-AVILBION319AKINV-A.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Kinnevik is the large dot.

Fundamentals: revenue growth against valuation

0%+200%+400%+600%0×2,500×5,000×7,500×STOR-BINDIGRIDTIPPEUGASSTBIONKINV-A.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kinnevik is the large dot.

Kinnevik competitors and peer comparison

Head to head with its named competitors (KINV-A.ST vs INVE-A.ST vs PRX.AS vs EQT.ST)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Kinnevik KINV-A.ST$2.04B+27%+675%-9,423%7,720.0×n/a
Investor INVE-A.ST$133B+16%+2%158%65.1×n/a
Prosus PRX.AS$83.9B-3%+45%3%10.1×55.8%
Eqt EQT.ST$39.2B+1%-18%59%22.6×n/a

How Kinnevik compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kinnevik against its 20 peers (data as of 6 Nov 2026)
MeasureKINV-A.STPeer medianRank in peer set
1-month return+7.5%+4.5%4th highest of 21
6-month return+26.6%+2.2%4th highest of 21
Distance from 52-week high-16.1%-14.2%11th highest of 21
Revenue growth (TTM)+675.0%+14.1%highest of 17
Operating margin-9,422.6%15.1%2nd lowest of 18
Forward P/E7,720.0×12.0×most expensive of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Kinnevik KINV-A.STSweden$2.04B+27%+675%-9,423%7,720.0×n/an/a
Georgia Capital CGEO.LUnited Kingdom$2.03B+20%n/an/an/an/an/a
Storskogen STOR-B.STSweden$1.97B+25%+2%6%11.6×n/an/a
Financiere Moncey FMONC.PAFrance$2.19B-21%n/an/an/an/an/a
Bure Equity BURE.STSweden$2.30B+12%-3%2,018%n/an/an/a
IndiGrid Infrastructure Trust INDIGRID.NSIndia$1.72B-1%+52%41%21.4×n/an/a
Tamburi Investment Partners TIP.MIItaly$1.72B+5%+353%-539%14.0×n/an/a
Hyperliquid Strategies PURRUnited States$2.45B+104%n/a-60%24.0×n/an/a
Zhejiang Provincial New Energy Investment 600032.SSChina$2.59B-27%-6%27%n/an/an/a
Yangzijiang Maritime Development 8YZ.SISingapore$1.59B-14%+18%74%12.4×n/an/a
Peugeot Invest PEUG.PAFrance$1.54B-16%-101%n/a6.3×n/an/a
Strive ASSTUnited States$2.73B+35%+650%-14,416%4.2×n/an/a
LunR Royalties LUNR.TOCanada$1.46B-28%n/a-53%311.3×n/an/a
Hyosung 004800.KSSouth Korea$1.42B-49%+10%15%6.2×n/an/a
Kyivstar KYIVUnited States$2.96B-4%+26%36%9.0×n/an/a
Roko ROKO-B.STSweden$2.97B+14%+20%18%25.6×n/an/a
Ratos RATO-A.STSweden$1.38B+24%-23%5%9.7×n/an/a
Golub Capital BDC GBDCUnited States$3.31B-3%-9%60%9.9×n/an/a
Viel & Cie VIL.PAFrance$1.25B-1%+6%15%n/an/an/a
BB Biotech BION.SWSwitzerland$3.45B+13%+125%491%20.0×n/an/a
Next Generation Technology 319A.TJapan$1.17B+55%+35%13%n/an/an/a

Questions

Who are Kinnevik's main competitors?
Named competitors: Investor AB (INVE-A.ST), Prosus (PRX.AS), EQT (EQT.ST). The cockpit's measured peer set (industry) also includes Georgia Capital (CGEO.L), Storskogen (STOR-B.ST), Financiere Moncey (FMONC.PA), Bure Equity (BURE.ST), IndiGrid Infrastructure Trust (INDIGRID.NS), Tamburi Investment Partners (TIP.MI).
Is Kinnevik expensive compared with its peers?
On forward p/e it trades at 7,720.0× against a peer median of 12.0×, most expensive of 15 in its peer set.
How has Kinnevik stock performed?
Over six months to 6 Nov 2026 the shares returned +26.6% against +2.2% for the median peer; over one year -13.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.