INDU-C Stock Analysis: Industrivarden ser. C | ST
Asset Management | ST, Sweden | Market Cap: 225.019m SEK | 12M Return: 37.6% | SE0000107203 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 150M
EPS Trend: 10.7%
Rev. Trend: 3.5%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
AB Industrivärden is a publicly traded Swedish investment company founded in 1944 and headquartered in Stockholm. The firm invests in publicly listed equities across the Nordic region, employing fundamental analysis that emphasizes long-term return potential, proven business models, a favorable risk-return balance, and attractive valuations when constructing its portfolio.
The company operates as a long-term oriented holding company, typically maintaining significant ownership stakes in a concentrated group of large Nordic-listed firms, which allows it to participate in strategic decision-making while earning returns through capital appreciation and dividends. The Nordic equity market in which Industrivärden operates is relatively concentrated, with a small number of globally significant issuers dominating sectors such as industrials, telecommunications, and consumer staples, which shapes the investable universe available to the firm.
- Volvo and Sandvik earnings drive underlying portfolio NAV
- Discount to NAV narrows amid active share buyback program
- Nordic industrial cycle recovery lifts core holdings valuations
| Net Income: 62.9b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.39 > 1.0 |
| NWC/Revenue: 5.14% < 20% (prev 1.53%; Δ 3.61% < -1%) |
| CFO/TA 0.04 > 3% & CFO 9.22b > Net Income 62.9b |
| Net Debt (2.35b) to EBITDA (63.1b): 0.04 < 3 |
| Current Ratio: 2.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (431.9m) vs 12m ago 0.07% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 21.25% > 50% (prev 7.73%; Δ 13.52% > 0%) |
| Interest Coverage Ratio: 426.6 > 6 (EBIT TTM 63.1b / Interest Expense TTM 148.0m) |
| A: 0.01 (Total Current Assets 3.98b - Total Current Liabilities 1.78b) / Total Assets 231b |
| B: 0.82 (Retained Earnings 189b / Total Assets 231b) |
| C: 0.31 (EBIT TTM 63.1b / Avg Total Assets 202b) |
| D: 31.71 (Book Value of Equity 224b / Total Liabilities 7.07b) |
| Altman-Z'' = 38.12 = AAA |
| DSRI: 0.19 (Receivables 52.0m/87.0m, Revenue 42.9b/13.3b) |
| GMI: 0.99 (GM 98.98% / 99.62%) |
| AQI: 1.00 (AQ_t 0.98 / AQ_t-1 0.98) |
| SGI: 3.22 (Revenue 42.9b / 13.3b) |
| TATA: 0.23 (NI 62.9b - CFO 9.22b) / TA 231b) |
| Beneish M = -2.08 (Cap -4..+1) = BB |
As of October 07, 2026, the stock is trading at SEK 519.20 with a total of 367,300 shares traded. Over the past week, the price has changed by -3.03%, over one month by -2.99%, over three months by -2.15% and over the past year by +37.63%.
Current recommended Stop Loss: 504.30 (which is 2.9% or 1.7 ATR below the current price).
Industrivarden ser. C has no consensus analysts rating.
P/E Trailing = 3.58
P/E Forward = 28.4091
P/S = 3.555
P/B = 1.0402
P/EG = 5.4678
Revenue TTM = 42.9b SEK
EBIT TTM = 63.1b SEK
EBITDA TTM = 63.1b SEK
Long Term Debt = 5.00b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 1.78b SEK (from shortTermDebt, last quarter)
Debt = 6.28b SEK (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.35b SEK (calculated: Debt 6.28b - CCE 3.93b)
Enterprise Value = 227b SEK (225b + Debt 6.28b - CCE 3.93b)
Interest Coverage Ratio = 426.6 (Ebit TTM 63.1b / Interest Expense TTM 148.0m)
EV/FCF = 24.65x (Enterprise Value 227b / FCF TTM 9.22b)
FCF Yield = 4.06% (FCF TTM 9.22b / Enterprise Value 227b)
FCF Margin = 21.52% (FCF TTM 9.22b / Revenue TTM 42.9b)
Net Margin = 146.7% (Net Income TTM 62.9b / Revenue TTM 42.9b)
Gross Margin = unknown ((Revenue TTM 42.9b - Cost of Revenue TTM 164.0m) / Revenue TTM)
Tobins Q-Ratio = 0.98 (Enterprise Value 227b / Total Assets 231b)
Interest Expense / Debt = 2.36% (Interest Expense 148.0m / Debt 6.28b)
Taxrate = 0.28% (176.0m / 63.0b)
NOPAT = 63.0b (EBIT 63.1b * (1 - 0.28%))
Current Ratio = 2.24 (Total Current Assets 3.98b / Total Current Liabilities 1.78b)
Debt / Equity = 0.03 (Debt 6.28b / totalStockholderEquity, last quarter 224b)
Debt / EBITDA = 0.04 (Net Debt 2.35b / EBITDA 63.1b)
Debt / FCF = 0.25 (Net Debt 2.35b / FCF TTM 9.22b)
Total Stockholder Equity = 198b (last 4 quarters mean from totalStockholderEquity)
RoA = 31.17% (Net Income 62.9b / Total Assets 231b)
RoE = 31.77% (Net Income TTM 62.9b / Total Stockholder Equity 198b)
RoCE = 31.12% (EBIT 63.1b / Capital Employed (Equity 198b + L.T.Debt 5.00b))
RoIC = 27.47% (NOPAT 63.0b / Invested Capital 229b)
WACC = 7.98% (E(225b)/V(231b) * Re(8.14%) + D(6.28b)/V(231b) * Rd(2.36%) * (1-Tc(0.00)))
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 9.26 | Cagr: 0.00%
[DCF] Terminal Value 75.41% ; FCFF base≈9.23b ; Y1≈9.25b ; Y5≈9.76b
[DCF] Fair Price = 675.7 (EV 152b - Net Debt 2.35b = Equity 150b / Shares 221.3m; r=8.35% [WACC [floored]]; 5y FCF grow -0.25% → 2.50% )
EPS Correlation: 10.70 | EPS CAGR: 9.07% | SUE: N/A | # QB: 0
Revenue Correlation: 3.51 | Revenue CAGR: 2.68% | SUE: N/A | # QB: 0