Financial Key Ratios

Five-year summary (SEK m)

2018

2017

2016

2015

2014

2013

Equity70 50390 63372 43483 46484 20665 319
Equity/assets ratio, %95%97%97%98%98%97%
Net cash/(Net debt) (incl. debt unpaid investments)-2 887-1 062-1 3097 5684022 435
Debt/equity ratio, multiple0.040.030.020.020.020.02
Net asset value 70 50390 63372 43483 51784 37065 527
Net asset value per share, SEK 256329263301304236
Net asset value growth-22%25%-13%-1%29%11%
Kinnevik market capitalization58 72876 04260 22372 68070 72782 641
Market price class B share at 31 December, SEK213276219262255298
Dividend per share, SEK8.258.25
8.007.757.257.00
DIstribution of shares15.36     
Share redemption program per share, SEK --18.00--
Total shareholder return %-16%31%-6%5%-12%125%
Fair value, E-commerce & Marketplaces25 44242 67440 82940 45242 85420 898
Share of total net asset value35%47%55%53%51%33%
Fair value, Communication42 50540 51825 95630 00334 90434 079
Share of total net asset value58%44%35%39%41%54%
Fair value, Entertainment4 1364 9224 0893 4273 9255 686
Share of total net asset value6%5%6%5%5%9%
Fair value, Finacial Services, Healthcare and Other1 3423 5812 9272 0772 5572 730
Share of total net asset value2%4%4%3%3%4%
Total portfolio value (excl. net cash/net debt)73 43091 69573 80175 95984 24063 393
Change in fair value of financial assets (incl. dividends received)-13 29720 655-3 2361 44721 8448 880
Profit/loss for the year-13 65620 359-3 4591 20720 8638 429
Earnings per share-49.5873.90-12.554.3575.2730.51
Cash flow from operations (excluding dividend received)-316-267-237-209-34-84
Cash flow from investments in financial assets-2 710-4 843-3 330-1 590-1 581-2 088
Cash flow from sale of shares and other securities1 5895 3044808 259613 894
Dividends received1 8872 2601 7332 9841 4005 828
Dividend paid2 270-2 201-7 084-2 011-1 941-1 803
Cash flow for the year1 3121 475-8 5577 490-2 3733 513


Note: Comparable figures 2013-2014 are not adjusted for the change in accounting to 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