Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Verve Group SE is a Sweden-based digital media company specializing in AI-driven ad-software solutions within the advertising technology sector. It operates Demand Side Platforms (DSP) that enable advertisers to create, manage, and optimize data-driven campaigns across formats, channels, and devices, including value-added services like ATOM and Moments.AI for targeting. Its Supply Side Platforms (SSP) assist publishers and in-house games studios in monetizing ad inventory with full control, incorporating first-party data, in-game advertising, and machine learning optimizations for privacy-focused measurement in channels like audio and digital out-of-home. Focusing on emerging media such as mobile in-app and connected TV, Verve emphasizes ID-less targeting without cookies or IDFA, responsible advertising with privacy-by-design, brand safety, and sustainability. Headquartered in Stockholm with operations primarily in North America and Europe, it employs over 800 people worldwide, connects billions of ad impressions annually, and serves more than 1,000 software clients spending over $100,000 each, playing a key role in efficient programmatic advertising marketplaces.
kr 1.45
+kr 0.04 (+2.98%)
Live · 05:17 PM · Twelve Data
12.10% operating margin is respectable but not wide. ROIC at 3.73%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 35.7%, still solid. Margins contracted 5.6pp, which offsets some of the top-line progress.
Free cash flow declined 89% versus the prior year, cash generation momentum has weakened. ROIC dropped from 8.29% to 3.73%, capital efficiency is deteriorating.
6.6x earnings, 0.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€579M
▲ +35.7% YoY
Net Income (TTM)
-€2M
▼ -97.4% YoY
Op. Margin
10.49%
▼ -5.6pp YoY
ROIC
3.73%
▼ -4.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€35M
▼ -89.5% YoY
Op. Cash Flow (TTM)
€89M
▼ -32.1% YoY
Net Debt
€421M
Cash & Equiv.
€106M
3Y CAGR: +19.3%
3Y CAGR: -54.1%
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At a P/E of 6.6 and a price-to-free-cash-flow of 0.8, Verve Group (VER.XSTO) trades around a two-stage DCF intrinsic value of about €1.92 per share, so at €1.45 the stock looks around fair value (31.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Verve Group scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €1.92 per share for VER.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €1.44. At today's €1.45, that puts the stock about 31.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Verve Group scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 10.5% operating margin and a 3.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. VER.XSTO currently trades around its estimated intrinsic value and scores 55/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.