VEF Ltd. is a venture capital firm specializing in early venture, emerging growth and growth capital investments. More Details
Flawless balance sheet and good value.
Share Price & News
How has VEF's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VEFL SDB is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: VEFL SDB's weekly volatility (7%) has been stable over the past year.
7 Day Return
SE Capital Markets
1 Year Return
SE Capital Markets
Return vs Industry: VEFL SDB underperformed the Swedish Capital Markets industry which returned 64.7% over the past year.
Return vs Market: VEFL SDB exceeded the Swedish Market which returned 15.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is VEF's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StVEF (STO:VEFL SDB) Shareholders Have Enjoyed An Impressive 290% Share Price Gain
1 month ago | Simply Wall StHave Insiders Sold VEF Ltd. (STO:VEFL SDB) Shares Recently?
2 months ago | Simply Wall StVEF Ltd. (STO:VEFL SDB) Shares Fly 26% But Investors Aren't Buying For Growth
Is VEF undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VEFL SDB (SEK4.03) is trading below our estimate of fair value (SEK4.1)
Significantly Below Fair Value: VEFL SDB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VEFL SDB is good value based on its PE Ratio (16.3x) compared to the SE Capital Markets industry average (27.4x).
PE vs Market: VEFL SDB is good value based on its PE Ratio (16.3x) compared to the Swedish market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VEFL SDB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VEFL SDB is good value based on its PB Ratio (1.2x) compared to the SE Capital Markets industry average (1.3x).
How is VEF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VEF has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether VEF is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- VEF competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has VEF performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VEFL SDB has high quality earnings.
Growing Profit Margin: VEFL SDB's current net profit margins (84%) are lower than last year (88.6%).
Past Earnings Growth Analysis
Earnings Trend: VEFL SDB's earnings have declined by 25.2% per year over the past 5 years.
Accelerating Growth: VEFL SDB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VEFL SDB had negative earnings growth (-55%) over the past year, making it difficult to compare to the Capital Markets industry average (106.2%).
Return on Equity
High ROE: VEFL SDB's Return on Equity (7.4%) is considered low.
How is VEF's financial position?
Financial Position Analysis
Short Term Liabilities: VEFL SDB's short term assets ($2.3M) exceed its short term liabilities ($505.0K).
Long Term Liabilities: VEFL SDB's short term assets ($2.3M) exceed its long term liabilities ($76.0K).
Debt to Equity History and Analysis
Debt Level: VEFL SDB is debt free.
Reducing Debt: VEFL SDB has not had any debt for past 5 years.
Debt Coverage: VEFL SDB has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VEFL SDB has no debt, therefore coverage of interest payments is not a concern.
What is VEF current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VEFL SDB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VEFL SDB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VEFL SDB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VEFL SDB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VEFL SDB's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Nangle (45 yo)
Mr. David Francis Nangle, also known as Dave, has been Managing Director at VEF Ltd. (formerly known as Vostok Emerging Finance Ltd.). since September 1, 2015 and serves as its Chief Executive Officer. Mr....
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD1.28M) is above average for companies of similar size in the Swedish market ($USD504.40K).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
|CEO, MD & Director||no data||US$1.28m||2.16% |
|CFO, COO & Investor Relations Manager||3.67yrs||no data||0.49% |
|Deputy CFO & Head of Accounting||1yr||no data||0.042% |
|General Counsel||3.42yrs||no data||0.34% |
|Investment Partner||no data||no data||1.16% |
|Associate||3yrs||no data||no data|
Experienced Management: VEFL SDB's management team is considered experienced (3.2 years average tenure).
|CEO, MD & Director||no data||US$1.28m||2.16% |
|Independent Director||6yrs||US$31.00k||0.42% |
|Independent Chairman of the Board||6yrs||US$63.00k||0.020% |
|Director||0.25yr||no data||no data|
Experienced Board: VEFL SDB's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VEFL SDB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
VEF Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: VEF Ltd.
- Ticker: VEFL SDB
- Exchange: OM
- Founded: 2015
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: kr2.707b
- Shares outstanding: 663.40m
- Website: https://www.vostokemergingfinance.com
- VEF Ltd.
- Clarendon House
- 2 Church Street
- HM 11
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VEFL SDB||OM (OMX Nordic Exchange Stockholm)||Yes||SDR||SE||SEK||Jul 2015|
|VKEM.F||OTCPK (Pink Sheets LLC)||Yes||SDR||US||USD||Jul 2015|
|0GBH||LSE (London Stock Exchange)||Yes||SDR||GB||SEK||Jul 2015|
VEF Ltd. is a venture capital firm specializing in early venture, emerging growth and growth capital investments. The firm primarily invests in modern financial services and fintech sector. The financial s...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/21 19:10|
|End of Day Share Price||2021/01/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.