Financial Key Ratios

Five-year summary (SEK m)20212020201920182017
Equity72 391111 67173 29570 50390 633
Equity/assets ratio, %92%96%94%95%97%
Net cash/(Net debt) (incl. debt unpaid investments)5 3844 817-930-2 887-1 062
Debt/equity ratio, multiple0.070.030.070.040.03
Net asset value 72 391111 67173 29570 50390 633
Net asset value per share, SEK 260402265256329
Net asset value change16%52%31%-22%25%
Kinnevik market capitalization90 246115 92963 23258 72876 042
Market price class B share at 31 December, SEK324417229213276
Cash dividend per share, SEK-7.00- 8.258.25
Dividend in kind per share, SEK196.22-60.0915.36 
Total shareholder return %29%85%40%-16%31%
Fair value, Consumer Services12 96961 63537 31825 44242 674
Share of portfolio value19%57%50%35%47%
Fair value, Financial Services9 2302 2212 6411 9941 072
Share of portfolio value14%2%4%3%1%
Fair value, Healthcare Services19 84821 2756 7101 342480
Share of portfolio value29%20%9%2%1%
Fair value, TMT24 24020 45025 44021 17224 221
Share of portfolio value36%19%34%29%26%
Total portfolio value (excl. net cash/net debt)67 541107 55674 23073 43091 695
Change in fair value of financial assets (incl. dividends received)14 95841 53921 879-13 29720 655
Profit/loss for the year14 77740 27421 572-13 65620 359
Earnings per share53.12145.2278.02-49.5873.90
Cash flow from operations (excluding dividend received)-376-362-271-316-267
Cash flow from investments in financial assets-6 014-2 170-4 586-2 710-4 843
Cash flow from sale of shares and other securities5 7998 3836 1621 5895 304
Dividends received1 6891 6892 9071 8872 260
Cash dividend paid--1 928-2 2712 270-2 201
Cash flow for the year2 9553 70234011 3121 475


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 

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