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Verve
45.3
SEK
+0.33 %
VER
First North Stockholm
Software
Technology
818 following
+0.33%
+12.69%
+37.48%
+125.37%
+287.18%
+303.02%
-16.88%
-
+224.73%
investors.verve.com
Verve (Ticker: VER) is a fast-growing, profitable, digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with the mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe. Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market.
Read moreP/E (adj.) (24e)
12.86
EV/EBIT (adj.) (24e)
9.75
P/B (24e)
1.71
Dividend yield-% (24e)
-
Target price
50.00 SEK
Recommendation
Accumulate
Updated
31.10.2024
First North Stockholm
VER
Daily low / high price
44.85 / 46.05
SEK
Market cap
8.44B SEK
Turnover
10.44M SEK
Volume
230K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Christoffer Jennel
Analyst
Latest videos
Financial calendar
Interim report
28.11.2024
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Bodhivas GmbH | 24.4 % | 24.4 % |
| Oaktree Capital | 20.3 % | 20.3 % |
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Forum updates
Tavoitehinnan nosto 50 kruunua (aiemmin 38 kruunua)
10/31/2024, 8:15 AM💙 10
Verve: The strong momentum continues - Inderes
10/31/2024, 7:39 AM💙 4
Mikä pistää mukavasti silmään - Jun Groupin liikevoitto-% 52.
10/30/2024, 9:49 AM💙 2
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 140.2 | 252.2 | 324.4 | 322.0 | 424.9 | 521.1 | 573.2 | 624.8 |
| growth-% | 67.1 % | 79.8 % | 28.7 % | -0.8 % | 32.0 % | 22.6 % | 10.0 % | 9.0 % |
| EBITDA | 26.5 | 65.0 | 84.8 | 128.5 | 125.4 | 165.3 | 185.9 | 201.3 |
| EBIT (adj.) | 17.5 | 54.9 | 76.6 | 76.9 | 109.8 | 138.3 | 156.3 | 165.4 |
| EBIT | 11.0 | 36.8 | 26.6 | 99.0 | 89.4 | 121.3 | 138.5 | 147.6 |
| Profit before taxes | 3.9 | 14.9 | -11.3 | 48.9 | 38.3 | 78.6 | 102.2 | 117.4 |
| Net income | 3.1 | 16.1 | -20.3 | 46.7 | 32.0 | 59.0 | 76.6 | 88.1 |
| EPS (adj.) | 0.11 | 0.24 | 0.19 | 0.15 | 0.30 | 0.41 | 0.51 | 0.57 |
| growth-% | 30.5 % | 117.0 % | -21.2 % | -18.4 % | 95.9 % | 34.4 % | 24.3 % | 12.1 % |
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio |
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Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 18.9 % | 25.8 % | 26.1 % | 39.9 % | 29.5 % | 31.7 % | 32.4 % | 32.2 % |
| EBIT-% (adj.) | 12.5 % | 21.8 % | 23.6 % | 23.9 % | 25.8 % | 26.5 % | 27.3 % | 26.5 % |
| EBIT-% | 7.9 % | 14.6 % | 8.2 % | 30.7 % | 21.0 % | 23.3 % | 24.2 % | 23.6 % |
| ROE | 2.2 % | 6.6 % | -6.4 % | 13.8 % | 8.2 % | 13.0 % | 14.7 % | 14.6 % |
| ROI | 4.3 % | 7.7 % | 3.7 % | 13.1 % | 10.9 % | 13.6 % | 14.8 % | 14.9 % |
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Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 2.10 | 4.30 | 1.60 | 1.02 | 3.90 | 3.90 | 3.90 | 3.90 |
| Shares | 117.1 | 149.7 | 159.2 | 159.2 | 186.4 | 186.4 | 186.4 | 186.4 |
| Market cap | 245.9 | 643.6 | 254.8 | 162.8 | 727.4 | 727.4 | 727.4 | 727.4 |
| Enterprise value | 301.0 | 839.4 | 526.1 | 455.6 | 1,070.8 | 1,049.9 | 995.3 | 902.2 |
| EV/S | 2.1 | 3.3 | 1.6 | 1.4 | 2.5 | 2.0 | 1.7 | 1.4 |
| EV/EBITDA | 11.3 | 12.9 | 6.2 | 3.5 | 8.5 | 6.4 | 5.4 | 4.5 |
| EV/EBIT (adj.) | 17.2 | 15.3 | 6.9 | 5.9 | 9.8 | 7.6 | 6.4 | 5.5 |
| EV/EBIT | 27.3 | 22.8 | 19.8 | 4.6 | 12.0 | 8.7 | 7.2 | 6.1 |
| P/E (adj.) | 18.9 | 17.9 | 8.4 | 6.6 | 12.9 | 9.6 | 7.7 | 6.9 |
| P/E | 58.7 | 37.9 | - | 3.5 | 21.1 | 12.3 | 9.5 | 8.3 |
| P/B | 1.4 | 2.1 | 0.8 | 0.5 | 1.7 | 1.5 | 1.3 | 1.1 |
| P/S | 1.8 | 2.6 | 0.8 | 0.5 | 1.7 | 1.4 | 1.3 | 1.2 |
| Dividend yield | ||||||||
| Equity ratio | 45.8 % | 32.9 % | 30.8 % | 35.0 % | 36.2 % | 40.5 % | 45.2 % | 49.8 % |
| Gearing ratio | 31.2 % | 63.7 % | 84.3 % | 83.1 % | 80.9 % | 66.7 % | 47.8 % | 27.0 % |
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Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 78.3 | 98.7 | 322.0 | 82.5 | 96.6 | 114.6 | 131.2 | 424.9 | 106.9 |
| EBITDA | 63.7 | 27.3 | 128.5 | 20.2 | 28.1 | 34.5 | 42.6 | 125.4 | 32.3 |
| EBIT | 55.4 | 19.7 | 99.0 | 12.3 | 19.6 | 25.8 | 31.7 | 89.4 | 21.3 |
| Profit before taxes | 42.6 | 5.6 | 48.9 | -1.9 | 6.7 | 13.8 | 19.7 | 38.3 | 9.8 |
| Net income | 39.3 | 4.9 | 46.7 | 0.6 | 6.3 | 10.3 | 14.8 | 32.0 | 7.3 |
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ShowingAll content types
Verve: The strong momentum continues
EQS-News: Verve Accelerates Organic Revenue Growth to 31%in Q3’24, Driven by Increased Demand from New and Existing Clients for Privacy-First Targeting Solutions and Additional Budgets for Full-Screen Video Ads
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Verve Accelerates Organic Revenue Growth to 31% inQ3'24, Driven by Increased Demand from New and Existing Clients for Privacy-First Targeting Solutions and Additional Budgets for Full-Screen Video Ads
Verve Group SE: Publishes Bond Prospectus and Applies for Listing of the Bonds on Nasdaq Stockholm
Redeye: Verve Group - Another strong quarter and more to come
Verve Group Q2'24: Gaining market share
Verve Group, Capital Markets Day, 2024
Verve Publishes Interim Report Q2 2024 With Organic Revenue Growth of 26% and EBITDA Growth of 37%, Capital Markets Day starting 10:00 CEST
EQS-News: Verve Publishes Interim Report Q2 2024 With Organic Revenue Growth of 26% and EBITDA Growth of 37%, Capital Markets Day starting 10:00 CEST
Verve Q2’24 earnings preview: Core business sees great momentum
Verve Group SE: Agenda for Verve’s Capital Markets Day 2024
The organic growth accelerated in Q2
Verve Achieves Organic Revenue Growth of 26% and EBITDA Growth of 37% in Q2 2024 – Increasing Guidance 2024 to 400-420 million revenues and 125-135 million adj. EBITDA
