Latest Ratios: P/E Ratio -1.2x · EV/EBITDA N/A · ROE -395.6%. (2019–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $14M | $55M | $18M | $16M | $1.2B | — | — |
| Enterprise Value | $10M | $51M | $17M | $17M | $1.2B | — | — |
| P/E Ratio → | -1.19 | — | 5.96 | — | — | — | — |
| P/S Ratio | 0.82 | 3.21 | 0.81 | 0.38 | 45.89 | — | — |
| P/B Ratio | — | — | 3.11 | 6.23 | — | — | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.99 | 0.75 | 0.40 | 48.63 | — | — |
| EV / EBITDA | — | — | 1.27 | — | — | — | — |
| EV / EBIT | — | — | 4.08 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 21.1% | 21.1% | 18.0% | 0.4% | -22.6% | -24.3% | -173.5% |
| Operating Margin | -49.3% | -49.3% | 56.0% | -187.9% | -344.7% | -141.9% | -331.3% |
| Net Profit Margin | -60.1% | -60.1% | 13.4% | -270.9% | -553.5% | -171.7% | -285.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | -395.6% | -395.6% | 71.5% | -4430.9% | — | -157.9% | -183.3% |
| ROA | -54.0% | -54.0% | 7.7% | -199.5% | -336.5% | -118.0% | -137.7% |
| ROIC | -5982.2% | -5982.2% | 237.2% | -1764.6% | — | -262.5% | -607.6% |
| ROCE | -222.7% | -222.7% | 194.9% | -1346.5% | — | -125.3% | -204.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.28 | 0.89 | — | 0.05 | 0.06 |
| Debt / EBITDA | — | — | 0.12 | — | — | — | — |
| Net Debt / Equity | — | — | -0.21 | 0.31 | — | -0.51 | -0.74 |
| Net Debt / EBITDA | — | — | -0.09 | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -207.15 | -207.15 | 98.89 | -22.04 | -58.95 | -385.87 | -579.36 |
Net cash position: cash ($5M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.65 | 0.65 | 0.74 | 0.50 | 0.24 | 2.42 | 3.09 |
| Quick Ratio | 0.65 | 0.65 | 0.74 | 0.50 | 0.18 | 2.42 | 3.09 |
| Cash Ratio | 0.31 | 0.31 | 0.20 | 0.03 | 0.13 | 1.86 | 2.74 |
| Asset Turnover | — | 1.05 | 1.04 | 0.75 | 0.43 | 0.70 | 0.48 |
| Inventory Turnover | — | — | 14862.23 | — | 6.26 | — | — |
| Days Sales Outstanding | — | 105.91 | 113.70 | 139.27 | 103.34 | 60.30 | 51.24 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 16.8% | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $9M | $11M | $5M | $5M | $5M | $5M |
Imminent liquidity exhaustion
As reported in recent financial filings, Swvl trades at a price-to-sales multiple of 0.81, a valuation level that suggests the market is pricing in significant survival risk rather than growth potential compared to the broader mobility-as-a-service sector peers like Uber or Grab.
The current P/S ratio indicates that investors are heavily discounting the company's revenue base, likely due to the rapid contraction of its B2C footprint and the uncertainty surrounding its pivot to B2B. This valuation multiple appears to reflect a 'broken SPAC' narrative where the market assigns little value to future growth until the company demonstrates a sustainable path to positive cash flow.
Based on historical data, Swvl's return on invested capital has shown extreme volatility, frequently dipping into negative territory, which indicates that the company has struggled to generate meaningful returns on the capital deployed during its aggressive expansion phase.
The inability to maintain positive ROIC suggests that the underlying business model, particularly the high-variable-cost fulfillment of transit services, has failed to achieve the necessary scale to cover its cost of capital. Investors should monitor whether the recent strategic shift toward B2B contracts can eventually stabilize these returns, though current figures suggest a persistent decay in capital efficiency.
According to recent quarterly data, Swvl's days sales outstanding remains elevated at 487 days, a metric that highlights significant friction in the company's ability to convert its service delivery into actual cash inflows from its customer base.
The extremely long collection cycle, combined with the lack of clear inventory management, suggests that the company faces structural challenges in its working capital management. This inefficiency exacerbates the liquidity crunch, as the company is forced to fund its operations while waiting for extended payment terms from its enterprise and retail clients.
As indicated by the most recent balance sheet, Swvl maintains a current ratio of 0.77, which, when paired with cash reserves of only $4.96M, suggests a highly vulnerable liquidity position that leaves little room for operational errors or unforeseen market shocks.
The current ratio below 1.0 implies that the company's short-term obligations exceed its liquid assets, creating a persistent risk of insolvency. This liquidity profile warrants close monitoring, as the company's ability to meet its immediate financial commitments appears entirely dependent on its ability to rapidly reduce its cash burn or secure additional external financing.
Investors frequently misapply the price-to-sales ratio to Swvl, which obscures the company's underlying unit economics and the high cost of fulfillment inherent in its current business model compared to pure-play software providers.
Using P/S as a primary valuation tool is misleading because it fails to account for the significant portion of revenue that is passed through to third-party fleet partners. A more appropriate metric would be a gross-profit-based multiple or a contribution margin analysis, which would better reflect the company's actual ability to retain value from its transit operations.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying SWVL stock.
Swvl Holdings Corp.'s current P/E ratio is -1.2x. The historical average is 6.0x.
Swvl Holdings Corp.'s return on equity (ROE) is -395.6%. The historical average is -166.3%.
Based on historical data, Swvl Holdings Corp. is trading at a P/E of -1.2x. Compare with industry peers and growth rates for a complete picture.
Swvl Holdings Corp. has 21.1% gross margin and -49.3% operating margin.