VNV Global AB (publ)

OM:VNV Stock Report

Market Cap: SEK 2.3b

VNV Global Valuation

Is VNV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VNV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate VNV's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate VNV's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VNV?

Key metric: As VNV is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for VNV. This is calculated by dividing VNV's market cap by their current book value.
What is VNV's PB Ratio?
PB Ratio0.4x
BookUS$574.52m
Market CapUS$207.16m

Price to Book Ratio vs Peers

How does VNV's PB Ratio compare to its peers?

The above table shows the PB ratio for VNV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1x
CAT B Catella
1.2x102.0%SEK 2.4b
VEFAB VEF
0.4xn/aSEK 2.3b
CS CoinShares International
1.5x89.7%SEK 5.4b
TRAC B AB Traction
0.9xn/aSEK 3.8b
VNV VNV Global
0.4xn/aSEK 2.3b

Price-To-Book vs Peers: VNV is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (1x).

Price to Book Ratio vs Industry

How does VNV's PB Ratio compare vs other companies in the SE Capital Markets Industry?

2 CompaniesPrice / BookEstimated GrowthMarket Cap
NAVIGO STAM Navigo Invest
0.1x139.0%US$28.92m
SMART SDB Smart Valor
0.08xn/aUS$508.36k
No more companies available in this PB range
VNV 0.4xIndustry Avg. 1.1xNo. of Companies6PB00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: VNV is good value based on its Price-To-Book Ratio (0.4x) compared to the Swedish Capital Markets industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is VNV's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VNV PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate VNV's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VNV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 17.44
SEK 31.02
+77.8%
6.4%SEK 32.99SEK 29.04n/a2
Dec ’25SEK 18.98
SEK 31.02
+63.4%
6.4%SEK 32.99SEK 29.04n/a2
Nov ’25SEK 18.85
SEK 35.49
+88.3%
9.7%SEK 38.95SEK 32.03n/a2
Oct ’25SEK 20.48
SEK 36.49
+78.2%
6.9%SEK 38.99SEK 33.99n/a2
Sep ’25SEK 22.38
SEK 36.49
+63.1%
6.9%SEK 38.99SEK 33.99n/a2
Aug ’25SEK 23.66
SEK 36.49
+54.2%
6.9%SEK 38.99SEK 33.99n/a2
Jul ’25SEK 27.00
SEK 33.66
+24.7%
2.2%SEK 34.40SEK 32.92n/a2
Jun ’25SEK 27.84
SEK 32.68
+17.4%
4.4%SEK 34.14SEK 31.23n/a2
May ’25SEK 26.44
SEK 32.68
+23.6%
4.4%SEK 34.14SEK 31.23n/a2
Apr ’25SEK 20.38
SEK 32.68
+60.4%
4.4%SEK 34.14SEK 31.23n/a2
Mar ’25SEK 21.64
SEK 27.60
+27.6%
12.2%SEK 30.97SEK 24.24n/a2
Feb ’25SEK 16.88
SEK 28.54
+69.1%
15.7%SEK 33.02SEK 24.07n/a2
Jan ’25SEK 21.00
SEK 29.48
+40.4%
14.9%SEK 33.86SEK 25.10n/a2
Dec ’24SEK 18.01
SEK 29.48
+63.7%
14.9%SEK 33.86SEK 25.10SEK 18.982
Nov ’24SEK 14.22
SEK 33.54
+135.9%
22.4%SEK 41.06SEK 26.02SEK 18.852
Oct ’24SEK 16.68
SEK 34.58
+107.3%
19.1%SEK 41.19SEK 27.97SEK 20.482
Aug ’24SEK 24.46
SEK 42.25
+72.7%
7.8%SEK 45.53SEK 38.97SEK 23.662
Jul ’24SEK 20.00
SEK 42.64
+113.2%
6.2%SEK 45.29SEK 39.99SEK 27.002
Jun ’24SEK 19.69
SEK 42.64
+116.6%
6.2%SEK 45.29SEK 39.99SEK 27.842
May ’24SEK 20.84
SEK 42.64
+104.6%
6.2%SEK 45.29SEK 39.99SEK 26.442
Apr ’24SEK 20.30
SEK 42.64
+110.1%
6.2%SEK 45.29SEK 39.99SEK 20.382
Mar ’24SEK 25.00
SEK 42.29
+69.1%
5.6%SEK 44.66SEK 39.91SEK 21.642
Feb ’24SEK 29.38
SEK 42.29
+43.9%
5.6%SEK 44.66SEK 39.91SEK 16.882
Jan ’24SEK 25.98
SEK 48.74
+87.6%
0.4%SEK 48.91SEK 48.56SEK 21.002
Dec ’23SEK 30.08
SEK 48.74
+62.0%
0.4%SEK 48.91SEK 48.56SEK 18.012

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

VNV Global AB (publ) is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mikael HolmDanske Bank
Miriam Adisa JosiahMorgan Stanley
Lars-Ola HellstromPareto Securities