Financial Key Ratios

Five-year summary (SEK m)20202019201820172016
Equity111 67173 29570 50390 63372 434
Equity/assets ratio, %96%94%95%97%97%
Net cash/(Net debt) (incl. debt unpaid investments)5 283-456-2 887-1 062-1 309
Debt/equity ratio, multiple0.030.070.040.030.02
Net asset value 111 67173 29570 50390 63372 434
Net asset value per share, SEK 402265256329263
Net asset value change52%31%-22%25%-13%
Kinnevik market capitalization115 92963 23258 72876 04260 223
Market price class B share at 31 December, SEK417229213276219
Cash dividend per share, SEK7.008.258.25
8.00
Dividend in kind per share, SEK-60.0915.36  
Total shareholder return %85%40%-16%31%-6%
Fair value, Consumer Services61 63537 31825 44242 67440 829
Share of portfolio value57%50%35%47%55%
Fair value, TMT20 45025 44042 50540 51825 956
Share of portfolio value19%34%58%44%35%
Fair value, Financial Services2 2214 7624 1364 9224 089
Share of portfolio value2%6%6%5%6%
Fair value, Healthcare Services21 2756 7101 3423 5812 927
Share of portfolio value20%9%2%4%4%
Total portfolio value (excl. net cash/net debt)107 55674 23073 43091 69573 801
Change in fair value of financial assets (incl. dividends received)41 53921 879-13 29720 655-3 236
Profit/loss for the year40 27421 572-13 65620 359-3 459
Earnings per share145.2278.02-49.5873.90-12.55
Cash flow from operations (excluding dividend received)-362-271-316-267-237
Cash flow from investments in financial assets-2 170-4 586-2 710-4 843-3 330
Cash flow from sale of shares and other securities8 3836 1621 5895 304480
Dividends received1 6892 9071 8872 2601 733
Cash dividend paid-1 928-2 2712 270-2 201-7 084
Cash flow for the year3 70234011 3121 475-8 557


Note: Accounting as Investment Entity according to IFRS 10 from 1 January 2016

Financial Key Ratios (Excel)

 

Definitions

Equity ratio
Shareholders’ equity as a percentage of total assets


Debt/equity ratio
Interest-bearing liabilities including interest-bearing provisions divided by shareholders’ equity


Net cash/(Net debt)
Interest bearing receivables (excluding net outstanding receivables relating to portfolio companies), short-term investments and cash and cash equivalents less interest-bearing liabilities including interest-bearing provisions and unpaid investments/divestments


Net asset value, NAV
Net value of all assets on the balance sheet, equal to the shareholders’ equity


Net asset value growth
Change in net asset value without adjustment for dividend paid or other transactions with shareholders


Total shareholder return
Annualized total return of the Kinnevik B share on the basis of shareholders reinvesting all cash dividends, dividends in kind, and mandatory share redemption proceeds into the Kinnevik B share, before tax, on each respective ex-dividend date. The value of Kinnevik B shares held at the end of the measurement period is divided by the price of the Kinnevik B share at the beginning of the period, and the resulting total return is then recalculated as an annual rate


Portfolio value
Value of all assets on the balance sheet, less cash and cash equivalents