Verve Group Valuation

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

VER (SEK22.5) is trading below our estimate of [[fair value]] (SEK113.26)

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

Valuation Score

5/6

Valuation Score 5/6

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 (SEK22.5) is trading below our estimate of fair value (SEK113.26)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for VER. This is calculated by dividing VER's market cap by their current preferred multiple.
What is VER's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€368.99m

VER key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.9x
Enterprise Value/EBITDA	14.5x
PEG Ratio	0.6x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	87.2x
AWRD Awardit	62.1x	38.0%	SEK 1.1b
ADTR Adtraction Group	182.2x	55.6%	SEK 662.6m
TRAD TradeDoubler	9.8x	n/a	SEK 188.7m
MTG B Modern Times Group MTG	94.7x	39.6%	SEK 10.3b
VER Verve Group	7.9x	13.6%	SEK 369.0m

Price-To-Earnings vs Peers: VER is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (87.2x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	108.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	108.3%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: VER is good value based on its Price-To-Earnings Ratio (7.9x) compared to the European Media industry average (14.7x).

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 Ratio	7.9x
Fair PE Ratio	21.8x

Price-To-Earnings vs Fair Ratio: VER is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 22.50	SEK 44.19 +96.4%	46.2%	SEK 67.47	SEK 18.76	n/a	5
Jun ’25	SEK 19.20	SEK 36.68 +91.0%	40.1%	SEK 52.38	SEK 16.60	n/a	5
May ’25	SEK 19.34	SEK 33.05 +70.9%	48.6%	SEK 51.57	SEK 11.46	n/a	5
Apr ’25	SEK 18.86	SEK 31.83 +68.8%	48.4%	SEK 50.37	SEK 11.19	n/a	5
Mar ’25	SEK 13.18	SEK 28.67 +117.5%	46.1%	SEK 45.38	SEK 11.20	n/a	5
Feb ’25	SEK 11.26	SEK 29.18 +159.2%	46.1%	SEK 46.20	SEK 11.41	n/a	5
Jan ’25	SEK 11.70	SEK 29.32 +150.6%	42.2%	SEK 45.35	SEK 14.56	n/a	5
Dec ’24	SEK 10.00	SEK 30.05 +200.5%	42.7%	SEK 46.63	SEK 14.97	n/a	5
Nov ’24	SEK 9.88	SEK 35.02 +254.4%	34.3%	SEK 48.28	SEK 15.50	n/a	4
Oct ’24	SEK 12.36	SEK 35.02 +183.3%	34.3%	SEK 48.28	SEK 15.50	n/a	4
Sep ’24	SEK 14.76	SEK 42.15 +185.6%	39.9%	SEK 61.20	SEK 15.01	n/a	4
Aug ’24	SEK 14.04	SEK 42.15 +200.2%	39.9%	SEK 61.20	SEK 15.01	n/a	4
Jul ’24	SEK 11.48	SEK 50.97 +344.0%	13.0%	SEK 62.46	SEK 47.14	SEK 22.50	4
Jun ’24	SEK 12.60	SEK 49.18 +290.3%	13.9%	SEK 61.05	SEK 45.22	SEK 19.20	4
May ’24	SEK 14.00	SEK 49.18 +251.3%	13.9%	SEK 61.05	SEK 45.22	SEK 19.34	4
Apr ’24	SEK 14.00	SEK 49.18 +251.3%	13.9%	SEK 61.05	SEK 45.22	SEK 18.86	4
Mar ’24	SEK 18.78	SEK 50.50 +168.9%	15.8%	SEK 64.00	SEK 44.52	SEK 13.18	4
Feb ’24	SEK 18.14	SEK 48.33 +166.4%	14.2%	SEK 61.35	SEK 42.68	SEK 11.26	5
Jan ’24	SEK 19.13	SEK 48.33 +152.7%	14.2%	SEK 61.35	SEK 42.68	SEK 11.70	5
Dec ’23	SEK 17.50	SEK 48.33 +176.2%	14.2%	SEK 61.35	SEK 42.68	SEK 10.00	5
Nov ’23	SEK 18.10	SEK 48.33 +167.0%	14.2%	SEK 61.35	SEK 42.68	SEK 9.88	5
Oct ’23	SEK 16.84	SEK 48.33 +187.1%	14.2%	SEK 61.35	SEK 42.68	SEK 12.36	5
Sep ’23	SEK 20.82	SEK 50.31 +141.6%	14.0%	SEK 59.89	SEK 41.66	SEK 14.76	5
Aug ’23	SEK 23.93	SEK 57.69 +141.1%	35.7%	SEK 97.54	SEK 41.51	SEK 14.04	5
Jul ’23	SEK 24.00	SEK 80.65 +236.1%	22.5%	SEK 100.11	SEK 57.65	SEK 11.48	5

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.