Swvl Holdings Corp Class A Common Shares (SWVL)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, Swvl traded at $3.84, giving the whole company a market value of only $18.1 million. The latest filed quarter, the second quarter of 2025 (labeled 2025-Q2), showed revenue of $5.3 million and a net loss of $340,623, a -6.45% net margin. That is real commercial activity, but not profitable activity. The FairStock calculations make the valuation look demanding: a P/E of 32, P/B of 6.51, ROCE of -1.69%, Piotroski F-score of 3/9, and an Altman Z-score of -25.41. The Graham Number is $1.00, so at $3.84 the price carries a -284% margin of safety by that old standard. A FairStock-calculated ROE of 116.44% might sound impressive, but with negative ROCE and a net loss in the latest quarter, I suspect it reflects a very small or distorted equity base rather than durable profitability. The business operates shared minibus and transit solutions across Egypt, Saudi Arabia, the UAE, the UK, and Kuwait, serving consumers and organizations. That gives it multiple markets and a lean 324-person workforce, but I see no evidence of a durable moat, pricing power, or consistent free cash generation. Growth figures are not available in the data, and the Lynch category is 'none' because only zero years of filed results are available, versus the three needed. For a Graham-style investor, this is speculative: poor financial health, uncertain growth, and a price far above asset-based value. I would need to see sustained profits, positive returns on capital, and a much wider margin of safety before calling it a sound value proposition.

In plain English: Swvl runs shared minibus and transit services for riders and organizations in Egypt, Saudi Arabia, UAE, UK, and Kuwait. The business is tiny and lost money in the second quarter of 2025 (labeled 2025-Q2), with about $5.3 million of sales and a small net loss. At $3.84, the shares look expensive compared with the company's profits and accounting value, and the financial picture looks weak.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer