(INVE-A) Investor ser. - ST
Sector: Financial Services | Industry: Asset Management | Exchange: ST (Sweden) | Market Cap: 1.164.825m SEK | Total Return: 42.3% in 12m
Avg Turnover: 114M
EPS Trend: -24.1%
Rev. Trend: -20.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
Investor AB is a Stockholm-based investment firm founded in 1916 that manages a portfolio of listed core investments, unlisted operating subsidiaries, and financial holdings. The firm utilizes a long-term ownership model, typically seeking board representation to exercise significant influence or controlling interest in its portfolio companies.
The firm focuses on sectors including healthcare, financial services, and deep technology such as AI and quantum computing. Unlike traditional private equity firms that operate with fixed fund lifecycles, Investor AB functions as an industrial holding company, often maintaining core positions for decades to capture compounding returns and industrial synergies.
Geographically, the firm targets global opportunities for its core holdings while concentrating on medium-to-large companies in Northern Europe for its operating investments. This dual-strategy allows the firm to balance the liquidity of large-cap listed equities with the higher growth potential of private, middle-market buyouts.
- Net asset value growth driven by listed core investment performance
- Patricia Industries portfolio expansion increases unlisted asset exposure
- EQT AB ownership stake valuation fluctuates with global private equity activity
- Dividend growth and share buybacks supported by strong cash flow generation
| Net Income: 191b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.04 > 1.0 |
| NWC/Revenue: 12.71% < 20% (prev 46.42%; Δ -33.71% < -1%) |
| CFO/TA 0.03 > 3% & CFO 31.5b > Net Income 191b |
| Net Debt (94.5b) to EBITDA (195b): 0.49 < 3 |
| Current Ratio: 2.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.07b) vs 12m ago 0.12% < -2% |
| Gross Margin: 90.95% > 18% (prev 94.07%; Δ -3.12% > 0.5%) |
| Asset Turnover: 22.61% > 50% (prev 11.16%; Δ 11.45% > 0%) |
| Interest Coverage Ratio: 29.34 > 6 (EBIT TTM 195b / Interest Expense TTM 6.64b) |
| A: 0.03 (Total Current Assets 45.3b - Total Current Liabilities 15.3b) / Total Assets 1140b |
| B: 0.81 (Retained Earnings 925b / Total Assets 1140b) |
| C: 0.19 (EBIT TTM 195b / Avg Total Assets 1043b) |
| D: 6.35 (Book Value of Equity 985b / Total Liabilities 155b) |
| Altman-Z'' = 10.74 = AAA |
| DSRI: 0.42 (Receivables 17.6b/18.8b, Revenue 236b/106b) |
| GMI: 1.03 (GM 94.07% / 90.95%) |
| AQI: 1.03 (AQ_t 0.94 / AQ_t-1 0.91) |
| SGI: 2.23 (Revenue 236b / 106b) |
| TATA: 0.14 (NI 191b - CFO 31.5b) / TA 1140b) |
| Beneish M = -2.55 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at SEK 384.60 with a total of 473,763 shares traded.
Over the past week, the price has changed by +3.39%,
over one month by +5.78%,
over three months by +14.49% and
over the past year by +42.25%.
Investor ser. has no consensus analysts rating.
P/E Trailing = 6.1135
P/E Forward = 3.6711
P/S = 4.5533
P/B = 1.1746
P/EG = 4.9117
Revenue TTM = 236b SEK
EBIT TTM = 195b SEK
EBITDA TTM = 195b SEK
Long Term Debt = 111b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 1.45b SEK (from shortTermDebt, last quarter)
Debt = 122b SEK (from shortLongTermDebtTotal, last quarter) + Leases 128.0m
Net Debt = 94.5b SEK (calculated: Debt 122b - CCE 27.7b)
Enterprise Value = 1259b SEK (1165b + Debt 122b - CCE 27.7b)
Interest Coverage Ratio = 29.34 (Ebit TTM 195b / Interest Expense TTM 6.64b)
EV/FCF = 43.99x (Enterprise Value 1259b / FCF TTM 28.6b)
FCF Yield = 2.27% (FCF TTM 28.6b / Enterprise Value 1259b)
FCF Margin = 12.14% (FCF TTM 28.6b / Revenue TTM 236b)
Net Margin = 80.83% (Net Income TTM 191b / Revenue TTM 236b)
Gross Margin = 90.95% ((Revenue TTM 236b - Cost of Revenue TTM 21.3b) / Revenue TTM)
Gross Margin QoQ = 67.33% (prev none%)
Tobins Q-Ratio = 1.10 (Enterprise Value 1259b / Total Assets 1140b)
Interest Expense / Debt = 5.43% (Interest Expense 6.64b / Debt 122b)
Taxrate = 0.66% (1.26b / 192b)
NOPAT = 193b (EBIT 195b * (1 - 0.66%))
Current Ratio = 2.96 (Total Current Assets 45.3b / Total Current Liabilities 15.3b)
Debt / Equity = 0.12 (Debt 122b / totalStockholderEquity, last quarter 985b)
Debt / EBITDA = 0.49 (Net Debt 94.5b / EBITDA 195b)
Debt / FCF = 3.30 (Net Debt 94.5b / FCF TTM 28.6b)
Total Stockholder Equity = 919b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.27% (Net Income 191b / Total Assets 1140b)
RoE = 20.73% (Net Income TTM 191b / Total Stockholder Equity 919b)
RoCE = 18.89% (EBIT 195b / Capital Employed (Equity 919b + L.T.Debt 111b))
RoIC = 17.14% (NOPAT 193b / Invested Capital 1128b)
WACC = 7.71% (E(1165b)/V(1287b) * Re(7.95%) + D(122b)/V(1287b) * Rd(5.43%) * (1-Tc(0.01)))
Discount Rate = 7.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 42.22 | Cagr: 0.05%
[DCF] Terminal Value 77.97% ; FCFF base≈22.7b ; Y1≈26.1b ; Y5≈38.3b
[DCF] Fair Price = 387.0 (EV 577b - Net Debt 94.5b = Equity 482b / Shares 1.25b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -24.14 | EPS CAGR: -16.16% | SUE: N/A | # QB: 0
Revenue Correlation: -20.62 | Revenue CAGR: -7.58% | SUE: 0.17 | # QB: 0
EPS current Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+1.5%