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Kinnevik

DB:IV6C
Snowflake Description

High growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IV6C
DB
SEK72B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Kinnevik AB formerly known as Investment AB Kinnevik, is a venture capital firm specializing in investments in growth capital. The last earnings update was 85 days ago. More info.


Add to Portfolio Compare Print
  • Kinnevik is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
IV6C Share Price and Events
7 Day Returns
2.9%
DB:IV6C
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
-2.2%
DB:IV6C
1.4%
DE Diversified Financial
2.6%
DE Market
IV6C Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kinnevik (IV6C) 2.9% -7.6% 1.7% -2.2% 2.9% 5.1%
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • IV6C underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • IV6C underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
IV6C
Industry
5yr Volatility vs Market

IV6C Value

 Is Kinnevik undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Kinnevik. This is due to cash flow or dividend data being unavailable. The share price is €23.48.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kinnevik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kinnevik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IV6C PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in SEK SEK-7.25
OM:KINV B Share Price ** OM (2019-10-11) in SEK SEK259.3
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kinnevik.

DB:IV6C PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:KINV B Share Price ÷ EPS (both in SEK)

= 259.3 ÷ -7.25

-35.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinnevik is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • Kinnevik is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Kinnevik's expected growth come at a high price?
Raw Data
DB:IV6C PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -35.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
38%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kinnevik, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kinnevik's assets?
Raw Data
DB:IV6C PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in SEK SEK322.97
OM:KINV B Share Price * OM (2019-10-11) in SEK SEK259.3
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:IV6C PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:KINV B Share Price ÷ Book Value per Share (both in SEK)

= 259.3 ÷ 322.97

0.8x

* Primary Listing of Kinnevik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinnevik is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Kinnevik's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Kinnevik has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IV6C Future Performance

 How is Kinnevik expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kinnevik expected to grow at an attractive rate?
  • Kinnevik's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kinnevik's earnings growth is expected to exceed the Germany market average.
  • Kinnevik's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IV6C Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IV6C Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 38%
DB:IV6C Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 46.3%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IV6C Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IV6C Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,000 -431 2,470 1
2020-12-31 1,000 1,953 2,333 1
2019-12-31 1,345 2,966 2,691 2
2019-10-12
DB:IV6C Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-06-30 -1,664 1,185 -2,000
2019-03-31 -2,273 1,490 -2,614
2018-12-31 -13,297 1,579 -13,656
2018-09-30 -101 1,110 -416
2018-06-30 17,072 1,444 16,774
2018-03-31 16,340 2,064 16,019
2017-12-31 20,655 1,993 20,359
2017-09-30 13,663 1,985 13,317
2017-06-30 19,819 1,589 19,504
2017-03-31 14,049 1,500 13,822
2016-12-31 -3,236 1,496 -3,459
2016-09-30 149 1,513 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kinnevik's earnings are expected to grow significantly at over 20% yearly.
  • Kinnevik's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IV6C Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Kinnevik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IV6C Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 10.95 10.95 10.95 1.00
2020-12-31 8.46 9.98 6.94 2.00
2019-12-31 9.75 10.60 8.89 2.00
2019-10-12
DB:IV6C Past Financials Data
Date (Data in SEK Millions) EPS *
2019-06-30 -7.25
2019-03-31 -9.49
2018-12-31 -49.58
2018-09-30 -1.51
2018-06-30 60.97
2018-03-31 58.23
2017-12-31 74.00
2017-09-30 48.40
2017-06-30 70.87
2017-03-31 50.21
2016-12-31 -12.55
2016-09-30 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kinnevik is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kinnevik's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kinnevik has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IV6C Past Performance

  How has Kinnevik performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kinnevik's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kinnevik does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Kinnevik's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kinnevik's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Kinnevik's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kinnevik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IV6C Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -1,664.00 -2,000.00 349.00
2019-03-31 -2,273.00 -2,614.00 323.00
2018-12-31 -13,297.00 -13,656.00 339.00
2018-09-30 -101.00 -416.00 285.00
2018-06-30 17,072.00 16,774.00 273.00
2018-03-31 16,340.00 16,019.00 270.00
2017-12-31 20,655.00 20,359.00 245.00
2017-09-30 13,663.00 13,317.00 256.00
2017-06-30 19,819.00 19,504.00 258.00
2017-03-31 14,049.00 13,822.00 261.00
2016-12-31 -3,236.00 -3,459.00 261.00
2016-09-30 149.00 -11.00 254.00
2016-06-30 -14,968.00 -15,164.00 254.00
2016-03-31 -8,407.00 -8,645.00 242.00
2015-12-31 1,447.00 1,207.00 245.00
2015-09-30 8,502.00 7,705.00 504.00
2015-06-30 22,160.00 21,069.00 642.00
2015-03-31 21,549.00 19,818.00 841.00
2014-12-31 23,089.00 20,891.00 1,057.00
2014-09-30 19,461.00 17,292.00 1,033.00
2014-06-30 17,028.00 14,773.00 1,176.00
2014-03-31 12,833.00 10,778.00 1,167.00
2013-12-31 10,421.00 8,468.00 1,106.00
2013-09-30 6,076.00 2,881.00 1,009.00
2013-06-30 398.00 -952.00 900.00
2013-03-31 279.00 -7,386.00 908.00
2012-12-31 1,591.00 -2,984.00 755.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Kinnevik has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Kinnevik has efficiently used its assets last year compared to the DE Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Kinnevik improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Kinnevik's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kinnevik has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IV6C Health

 How is Kinnevik's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kinnevik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kinnevik's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kinnevik's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kinnevik's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kinnevik Company Filings, last reported 3 months ago.

DB:IV6C Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 89,049.00 5,204.00 328.00
2019-03-31 84,257.00 4,088.00 344.00
2018-12-31 70,503.00 3,342.00 486.00
2018-09-30 78,775.00 4,368.00 259.00
2018-06-30 96,409.00 3,075.00 129.00
2018-03-31 93,341.00 2,868.00 1,786.00
2017-12-31 90,633.00 2,833.00 1,798.00
2017-09-30 85,661.00 3,624.00 2,761.00
2017-06-30 81,887.00 4,120.00 3,386.00
2017-03-31 79,488.00 2,149.00 2,615.00
2016-12-31 72,434.00 1,629.00 323.00
2016-09-30 74,507.00 1,245.00 957.00
2016-06-30 64,550.00 1,258.00 1,674.00
2016-03-31 72,735.00 1,261.00 7,152.00
2015-12-31 83,464.00 1,294.00 8,880.00
2015-09-30 82,159.00 1,299.00 2,117.00
2015-06-30 87,304.00 1,297.00 2,718.00
2015-03-31 83,993.00 1,301.00 2,173.00
2014-12-31 84,206.00 1,299.00 1,594.00
2014-09-30 76,354.00 1,292.00 2,083.00
2014-06-30 68,182.00 1,282.00 2,486.00
2014-03-31 65,964.00 1,257.00 3,196.00
2013-12-31 65,319.00 1,215.00 3,978.00
2013-09-30 61,021.00 1,373.00 558.00
2013-06-30 55,405.00 1,817.00 2,395.00
2013-03-31 56,983.00 3,182.00 427.00
2012-12-31 58,640.00 3,285.00 454.00
  • Kinnevik's level of debt (5.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.9% vs 5.8% today).
  • Debt is well covered by operating cash flow (22.8%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Kinnevik's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Kinnevik's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kinnevik has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IV6C Dividends

 What is Kinnevik's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.18%
Current annual income from Kinnevik dividends. Estimated to be 3.29% next year.
If you bought €2,000 of Kinnevik shares you are expected to receive €64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kinnevik's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Kinnevik's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Upcoming dividend payment

Purchase Kinnevik before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IV6C Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IV6C Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 8.75 3.00
2020-12-31 8.56 4.00
2019-12-31 8.42 6.00
2019-10-12
DB:IV6C Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-02 8.250 3.257
2018-04-17 8.250 3.158
2017-05-08 8.000 2.981
2016-04-19 7.750 3.493
2015-04-16 7.250 2.904
2014-04-02 7.000 2.734
2014-02-14 7.000 2.894
2013-05-13 6.500 2.956
2012-05-07 5.500 3.964
2011-04-14 4.500 3.225
2010-05-17 3.000 2.181
2009-05-11 2.000 1.965

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kinnevik's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Kinnevik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kinnevik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kinnevik has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IV6C Management

 What is the CEO of Kinnevik's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Georgi Ganev
AGE 43
TENURE AS CEO 1.8 years
CEO Bio

Mr. Georgi Ganev serves as Chief Executive Officer at Kinnevik AB since January 1, 2018. He has been Board of Director of Global Fashion Group S.A. since February 2018. Mr. Ganev was the Chairman of the Board of Tele2 AB (publ) from May 21, 2018 to May 6, 2019. He has been a Non-Executive Director of Tele2 AB (publ) since May 24, 2016. He serves as a Board Director of Global Fashion Group. He serves as Board Director of Babylon Health. Mr. Ganev was the Chief Executive Officer and President at Dustin AB (publ)/Dustin Group AB (publ) from October 1, 2012 to December, 2018. Mr. Ganev spent six years with the Telenor Group. Mr. Ganev was the Chief Marketing Officer of Telenor Sweden. He served as the Chief Executive Officer and Director of Sales & Marketing at Bredbandsbolaget and has worked with product management and sales in the Kinnevik Group. Mr. Ganev serves as the Chairman of the Board of Kinnevik New Ventures AB, Emesco Aktiebolag, Invik & Co AB, Millcellvik AB, Kinnevik Online AB, Kinnevik Consumer Finance Holding AB, Kinnevik Online Holding AB, Kinnevik Media Holding AB, Kinnevik Internet 2 AB, Kinnevik Internet 1 AB, Kinnevik Consumer Finance 1 AB, Kinnevik East AB, Kinnevik Sweden Holding AB, Kinnevik Lagerbolag AB and Metro International IP Holding Sweden AB. Previously, Mr. Ganev was the Chief Executive Officer and the Chairman of the Board of Dustin Sverige AB, Dustin Print Solution AB, JML-System AB, Saldab IT AB, IT-Hantverkarna Sverige AB, IT-Hantverkarna Norrköping AB, IT-Hantverkarna Linköping AB, IT-Hantverkarna Stockholm Syd AB, IT-Hantverkarna Uppsala AB, IT-Hantverkarna Sundsvall AB, IT-Hantverkarna Stockholm AB, IT-Hantverkarna Göteborg AB, IT-Hantverkarna Västerbotten AB, IT-Hantverkarna Nyköping AB, IT-Hantverkarna Karlstad AB, IT-Hantverkarna Örestad AB, IT-Hantverkarna Örebro AB, IT - Hantverkarna Västervik AB, Tidlog AB, Communication and Security i Mälardalen AB and Seciveres FD AB, and a member of the Board of Directors of Dustin Aktiebolag and IDENET AB. He has an extensive experience of sales and marketing in the IT and telecoms field. He holds an MSc degree in Engineering in Information Technology from Uppsala University.

CEO Compensation
  • Insufficient data for Georgi to compare compensation growth.
  • Insufficient data for Georgi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kinnevik management team in years:

3
Average Tenure
45
Average Age
  • The tenure for the Kinnevik management team is about average.
Management Team

Georgi Ganev

TITLE
Chief Executive Officer
AGE
43
TENURE
1.8 yrs

Joakim Andersson

TITLE
Chief Financial Officer
COMPENSATION
SEK10M
AGE
45
TENURE
4.7 yrs

Torun Litzén

TITLE
Director of Investor Relations & Corporate Communications
AGE
52

Mathew Joseph

TITLE
Governance
AGE
40
TENURE
5.1 yrs

Mattias Andersson

TITLE
General Counsel & Company Secretary
AGE
43
TENURE
3 yrs

Therese Ekström

TITLE
Human Resource and Compensation & Benefit Manager
TENURE
0.8 yrs

Chris Bischoff

TITLE
Senior Investment Director
AGE
46

Vigo Carlund

TITLE
President of Industriförvaltnings Ab Kinnevik Stockholm
AGE
73

Franco Danesi

TITLE
Investment Director
AGE
47

Magnus Jakobson

TITLE
Corporate Finance Director
AGE
43
Board of Directors Tenure

Average tenure and age of the Kinnevik board of directors in years:

1.4
Average Tenure
58.5
Average Age
  • The average tenure for the Kinnevik board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dame Fawcett

TITLE
Chairman of the Board
COMPENSATION
SEK3M
AGE
63
TENURE
1.4 yrs

Henrik Poulsen

TITLE
Deputy Chairman
COMPENSATION
SEK2M
AGE
52
TENURE
2.2 yrs

Charlotte Strömberg

TITLE
Director
COMPENSATION
SEK995K
AGE
60
TENURE
1.4 yrs

Susanna Campbell

TITLE
Director
AGE
46
TENURE
0.4 yrs

Wilhelm Klingspor

TITLE
Director
COMPENSATION
SEK675K
AGE
57
TENURE
15.8 yrs

Brian McBride

TITLE
Director
AGE
63
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Kinnevik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kinnevik has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IV6C News

Simply Wall St News

IV6C Company Info

Description

Kinnevik AB formerly known as Investment AB Kinnevik, is a venture capital firm specializing in investments in growth capital. It prefers to invest in digital consumer business, education, communication, e-commerce and marketplaces, entertainment, healthcare, and financial services but may also invest in other areas. The firm invests worldwide, especially in Europe, Latin America, Asia, Australia, Africa, and North America. The firm looks for disruptive, technology-enabled and value-added consumer services in developed and emerging markets. It takes an active role on the boards of its subsidiaries and associated companies. It acts as a long-term lead shareholder in large listed entities. Kinnevik AB was founded in 1936 and is based in Stockholm, Sweden.

Details
Name: Kinnevik AB
IV6C
Exchange: DB
Founded: 1936
SEK6,655,576,370
276,387,165
Website: http://www.kinnevik.com
Address: Kinnevik AB
Skeppsbron 18,
PO Box 2094,
Stockholm,
Stockholm County, 103 13,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM KINV B Class B Shares OMX Nordic Exchange Stockholm SE SEK 25. Sep 1997
OTCPK KNVK.F Class B Shares Pink Sheets LLC US USD 25. Sep 1997
DB IV6C Class B Shares Deutsche Boerse AG DE EUR 25. Sep 1997
LSE 0RH1 Class B Shares London Stock Exchange GB SEK 25. Sep 1997
BATS-CHIXE KINVBS Class B Shares BATS 'Chi-X Europe' GB SEK 25. Sep 1997
OM KINV A Class A Shares OMX Nordic Exchange Stockholm SE SEK 29. Jul 2004
LSE 0RGZ Class A Shares London Stock Exchange GB SEK 29. Jul 2004
OM KINV B NPV B(POST SPLIT) OMX Nordic Exchange Stockholm SE SEK 12. Oct 2019
BATS-CHIXE KINVAS Class A Shares BATS 'Chi-X Europe' GB SEK 29. Jul 2004
Number of employees
Current staff
Staff numbers
0
Kinnevik employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 20:57
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/08
Last earnings filing: 2019/07/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.