Verve Group SE

OM:VER Stock Report

Market Cap: SEK 8.5b

Verve Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 (SEK44.75) is trading below our estimate of fair value (SEK157.5)

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 Ratio14.3x
Earnings€51.03m
Market Cap€731.38m

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 Average23.4x
AWRD Awardit
46.5x34.2%SEK 1.1b
ENRO Eniro Group
6.9xn/aSEK 338.5m
TRAD TradeDoubler
13.1xn/aSEK 163.4m
BETCO Better Collective
27.1x53.2%SEK 8.3b
VER Verve Group
14.3x22.0%SEK 731.4m

Price-To-Earnings vs Peers: VER is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (23.4x).

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 14.3xIndustry Avg. 12.9xNo. of Companies16PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VER is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the European Media industry average (12.8x).

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 Ratio14.3x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: VER is good value based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

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.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 44.75
SEK 53.42
+19.4%
33.7%SEK 76.35SEK 19.48n/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 36.68
+91.0%
40.1%SEK 52.38SEK 16.60n/a5
May ’25SEK 19.34
SEK 33.05
+70.9%
48.6%SEK 51.57SEK 11.46n/a5
Apr ’25SEK 18.86
SEK 31.83
+68.8%
48.4%SEK 50.37SEK 11.19n/a5
Mar ’25SEK 13.18
SEK 28.67
+117.5%
46.1%SEK 45.38SEK 11.20n/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 14.97n/a5
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
Nov ’23SEK 18.10
SEK 48.33
+167.0%
14.2%SEK 61.35SEK 42.68SEK 9.885

Analyst Forecast: Target price is less than 20% higher than the current share price.

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