European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<a href="https://www.smartkarma.com/entities/industrivarden-ab" target="_blank" data-smartkarma-citation="entities:22395:1" rel="noopener">Industrivarden AB (INDUA SS)</a> is an investment conglomerate that uses value as criteria for investment allocation.
Listed assets represent 99% of Industrivärden´s portfolio.
<ul>
<li>Over the last years, Industrivärden has outperformed the Stockholm Stock Exchange, despite the low turnover of the investment portfolio.</li>
<li>However Industrivärden does not actively trade its portfolio.</li>
</ul>
Industrivärden has grown its NAV over the last five years. Industrivärden has been progressively reducing its debt and increasing its rating. Industrivärden has also beaten the main index of the Stockholm's market since 31 March 2015.
Industrivärden shares (both A and C) are trading at a 13.7% discount to NAV, vs. an 11.5% average for the last five years, and 10.8% for the last 365 days. The discount recently widened as a result of the corona virus crisis, to a recent high of 14.5% on 5 May. It has traded as low as 3.4% on 7 April.
If and when markets stabilise, I expect the current discount to narrow, and therefore recommend a trade Long Industrivärden C/Short main listed assets, with a 10% target.
Please read further for details such as company organisation and strategy, taxation on Swedish holdings and hedge calculations.

Industrivarden AB (INDUA SS) is an investment conglomerate that uses value as criteria for investment allocation.
Listed assets represent 99% of Industrivärden´s portfolio.

Over the last years, Industrivärden has outperformed the Stockholm Stock Exchange, despite the low turnover of the investment portfolio.
However Industrivärden does not actively trade its portfolio.

Industrivärden has grown its NAV over the last five years. Industrivärden has been progressively reducing its debt and increasing its rating. Industrivärden has also beaten the main index of the Stockholm's market since 31 March 2015.
Industrivärden shares (both A and C) are trading at a 13.7% discount to NAV, vs. an 11.5% average for the last five years, and 10.8% for the last 365 days. The discount recently widened as a result of the corona virus crisis, to a recent high of 14.5% on 5 May. It has traded as low as 3.4% on 7 April.
If and when markets stabilise, I expect the current discount to narrow, and therefore recommend a trade Long Industrivärden C/Short main listed assets, with a 10% target.
Please read further for details such as company organisation and strategy, taxation on Swedish holdings and hedge calculations.

Sweden

Industrivarden AB is an investment company.  The Company's holdings consists of a portfolio of listed Nordic industrial companies.

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Industrivarden AB (INDUA SS)

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Industrivarden AB (INDUA SS) is an investment conglomerate that uses value as criteria for investment allocation. Listed assets represent 99% of...

Jesus Rodriguez Aguilar

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52-week Range

Market Cap (USDm)

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