User

Investor AB (publ)

INVE-B.ST

Asset Management · Financial Services

Price

kr 379.10

+3.25 (+0.86%)

Market Cap

kr 1.16T

Exchange

Stockholm Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Winston Score between 40 and 70. The stock passes some quality checks but not all.

Investor AB is a Swedish holding company that owns large stakes in some of Europe's biggest businesses. It is controlled by the Wallenberg family and has been investing in major companies for over 100 years. Its portfolio includes well-known names like ABB, Atlas Copco, AstraZeneca, and Ericsson, spanning industries such as healthcare, industrials, and technology.

Investor AB makes money primarily through dividends and capital gains from its portfolio companies, and it also runs a private equity arm called Patricia Industries that owns unlisted businesses. The company is headquartered in Stockholm and is one of the largest listed holding companies in Europe by assets. Its main competitive advantage is its long-term ownership model and the Wallenberg family's deep relationships with management teams across Swedish industry. The key risk is that its net asset value is heavily tied to the performance of a relatively concentrated group of large-cap holdings, making it sensitive to broad market downturns.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+117.7% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

20.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$27.7B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Investor AB (publ) is growing revenue at 118% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

67.3%

Premium pricing power — 67.3% gross margin

Operating Margin

123.6%

Excellent — 123.6% operating margin

ROCE

2.9%

Weak — 2.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+123.4%

Fast-growing sales (123.4% YoY)

EPS YoY

+340.5%

Earnings growing fast (340.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

17%

Weak — only 17% of profit becomes cash

FCF Margin

12.1%

Converts sales into free cash efficiently (12.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.12

Conservative — low debt load (0.12)

Interest Cover

36.63x

Comfortably covers interest (36.6x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio

N/A

Data not available

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

1.43%

Small dividend — 1.43% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

+17.4%

Dividend growing fast (17.4% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial