The strengthening Swedish krona and other company valuations have prompted Kepler Cheuvreux to lower its valuation of Patricia Industries by 17 billion kronor. This translates to 5.5 kronor per Investor share.
Patricia Industries, an unlisted entity, is one of Investor’s key holdings.
Despite the downward adjustment, analyst Johan Sjöberg maintains a Buy recommendation on Investor due to the portfolio’s quality, strong balance sheet, and track record of outperforming the market for the past fourteen years.
The new target price is set at 344 kronor, representing a 0% discount to net asset value.
Sjöberg notes that the recent strengthening of the Swedish krona will negatively impact most of Investor’s holdings, with estimates likely to be revised downward ahead of the Q1 earnings report.
In addition to this development, analysts see buying opportunities in Kinnevik and Investor, citing Investor as the top company in the sector.
Overall, despite the challenges posed by currency fluctuations and market conditions, Investor continues to demonstrate resilience and strategic strength in navigating the investment landscape.