Verve Group SE

OM:VER Stock Report

Market Cap: SEK 6.8b

Verve Group Valuation

Is VER 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: VER (SEK36.05) is trading below our estimate of fair value (SEK125.89)

Significantly Below Fair Value: VER is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As VER is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VER. This is calculated by dividing VER's market cap by their current earnings.
What is VER's PE Ratio?
PE Ratio30.6x
Earnings€19.40m
Market Cap€593.13m

Price to Earnings Ratio vs Peers

How does VER's PE Ratio compare to its peers?

The above table shows the PE ratio for VER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
AWRD Awardit
46.3x34.2%SEK 1.1b
ENRO Eniro Group
7xn/aSEK 340.7m
TRAD TradeDoubler
17.6xn/aSEK 220.6m
BETCO Better Collective
22.4x41.8%SEK 6.8b
VER Verve Group
30.6x44.3%SEK 593.1m

Price-To-Earnings vs Peers: VER is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does VER's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
VER 30.6xIndustry Avg. 12.5xNo. of Companies16PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VER is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the European Media industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

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

VER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.6x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: VER is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).

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 VER forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 36.05
SEK 54.06
+50.0%
34.6%SEK 76.97SEK 19.35n/a6
Dec ’25SEK 39.80
SEK 53.09
+33.4%
33.8%SEK 76.06SEK 19.41n/a6
Nov ’25SEK 45.00
SEK 51.19
+13.8%
35.3%SEK 75.40SEK 19.24n/a6
Oct ’25SEK 39.60
SEK 50.83
+28.4%
35.2%SEK 74.78SEK 19.08n/a6
Sep ’25SEK 34.10
SEK 45.63
+33.8%
40.2%SEK 68.09SEK 19.11n/a7
Aug ’25SEK 30.10
SEK 44.91
+49.2%
40.6%SEK 70.50SEK 19.79n/a7
Jul ’25SEK 23.45
SEK 44.68
+90.5%
42.2%SEK 68.38SEK 19.19n/a6
Jun ’25SEK 19.20
SEK 36.85
+91.9%
40.1%SEK 52.62SEK 16.67n/a5
May ’25SEK 19.34
SEK 33.06
+71.0%
48.5%SEK 51.57SEK 11.46n/a5
Apr ’25SEK 18.86
SEK 31.85
+68.9%
48.3%SEK 50.37SEK 11.19n/a5
Mar ’25SEK 13.18
SEK 29.18
+121.4%
46.1%SEK 46.20SEK 11.41n/a5
Feb ’25SEK 11.26
SEK 29.18
+159.2%
46.1%SEK 46.20SEK 11.41n/a5
Jan ’25SEK 11.70
SEK 29.32
+150.6%
42.2%SEK 45.35SEK 14.56n/a5
Dec ’24SEK 10.00
SEK 30.05
+200.5%
42.7%SEK 46.63SEK 14.97SEK 39.805
Nov ’24SEK 9.88
SEK 35.02
+254.4%
34.3%SEK 48.28SEK 15.50SEK 45.004
Oct ’24SEK 12.36
SEK 35.02
+183.3%
34.3%SEK 48.28SEK 15.50SEK 39.604
Sep ’24SEK 14.76
SEK 42.15
+185.6%
39.9%SEK 61.20SEK 15.01SEK 34.104
Aug ’24SEK 14.04
SEK 42.15
+200.2%
39.9%SEK 61.20SEK 15.01SEK 30.104
Jul ’24SEK 11.48
SEK 50.97
+344.0%
13.0%SEK 62.46SEK 47.14SEK 23.454
Jun ’24SEK 12.60
SEK 49.18
+290.3%
13.9%SEK 61.05SEK 45.22SEK 19.204
May ’24SEK 14.00
SEK 49.18
+251.3%
13.9%SEK 61.05SEK 45.22SEK 19.344
Apr ’24SEK 14.00
SEK 49.18
+251.3%
13.9%SEK 61.05SEK 45.22SEK 18.864
Mar ’24SEK 18.78
SEK 50.50
+168.9%
15.8%SEK 64.00SEK 44.52SEK 13.184
Feb ’24SEK 18.14
SEK 48.33
+166.4%
14.2%SEK 61.35SEK 42.68SEK 11.265
Jan ’24SEK 19.13
SEK 48.33
+152.7%
14.2%SEK 61.35SEK 42.68SEK 11.705
Dec ’23SEK 17.50
SEK 48.33
+176.2%
14.2%SEK 61.35SEK 42.68SEK 10.005

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 09:17
End of Day Share Price 2024/12/23 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

Verve Group SE is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Edward JamesBerenberg
Fiona Orford-WilliamsEdison Investment Research
Edward AcklinFirst Berlin Equity Research GmbH