Verve Group SE (MGIMF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Verve Group SE $2.75, price $1.20, upside +129.2%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $1.20 – $7.65 · fair‑value band $1.27 – $4.24 · the $1.20 price screens below the $2.75 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Verve Group SE, a digital media company, engages in the provision of ad-software solutions in North America and Europe. It operates in two segments, Demand Side Platforms (DSP) and Supply Side Platforms (SSP).
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Verve Group SE, a digital media company, engages in the provision of ad-software solutions in North America and Europe. It operates in two segments, Demand Side Platforms (DSP) and Supply Side Platforms (SSP). The DSP segment enables advertisers to create, manage, and optimize data-driven digital advertising campaigns across all relevant ad formats and channels, and devices. This segment also offers advertising services, managing campaigns for advertisers or charges a usage-based fee for the use of the self-serve DSP platform; and products, including ATOM or Moments.AI, and Verve's platform for value-added services which provide targeting solutions to advertisers. The SSP segment helps third-party publishers and its own games studios to monetize their ad inventory/ad spaces while keeping full control over it. This segment also includes its own games studios which provide first-party data and in-game advertising spaces, as well as in game items and subscriptions; and is also involved in buying ad inventory directly from the publisher and selling it to demand side platforms. The company was formerly known as MGI - Media and Games Invest SE and changed its name to Verve Group SE in June 2024. Verve Group SE was founded in 2000 and is based in Stockholm, Sweden.
Stock analysis
Verve Group SE (MGIMF) currently trades at $1.20, while our model-based Fair Value estimate is $2.75, implying the stock looks roughly 56.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $5.35 per share, and 14 of the 24 models we run sit above the $1.20 price.
Bear case: the Economic Profit group reads lowest at $0.5300, and 10 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $1.27 (bear) to $4.24 (bull), the price of $1.20 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Verve Group SE reported revenue of €551M in FY2025 versus €253M in FY2021, a compound +21.5%/yr. Reported net income was €695K in FY2025, compounding −54.4%/yr from FY2021.
Key figures
Market cap $412M · P/S ratio 0.68 · Net margin 0.1% · Return on equity −0.6% · Return on assets (EBIT) 2.7% · Operating margin 4.6% · Revenue (TTM) €608M · Revenue growth (YoY) +25.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 129%, MGIMF screens cheaper than that median.
Fair Value models
Bear $1.27Fair Value $2.75Bull $4.24
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+26.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.4%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+50.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+50.8%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 12%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+37.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +34.6% a year for the price and +9.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 636 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−36.8% · Below median
Profitability
Return on assets3.0% · Above median
Net margin (TTM)−0.4% · Below median
Operating margin (TTM)4.6% · Below median
Growth and dividend
Revenue growth25.6% · Top 25%
Balance sheet
Debt / equity1.12× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B0.97× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Verve Group SE Fair Value". https://www.fairvalue-calculator.com/stock/MGIMF
Frequently asked questions
Is Verve Group SE (MGIMF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $2.75 versus the last price from Sep 25, 2026 of $1.20, about +129% upside (undervalued).
What is the fair value of MGIMF?
Our model-based fair value for Verve Group SE is $2.75 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $1.20.
What is the quality score of MGIMF?
Verve Group SE has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Verve Group SE (MGIMF)?
Our model-based price target is the fair value of $2.75 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $1.27, optimistic scenario $4.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Verve Group SE stock forecast for 2026?
Our models put fair value at $2.75, about +129% upside versus the last price from Sep 25, 2026 of $1.20 (undervalued). Cautious scenario $1.27, optimistic scenario $4.24. The calculation is refreshed regularly with new filings.
What is the revenue of Verve Group SE (MGIMF)?
Verve Group SE reported trailing-twelve-month revenue of about €608M (latest available figure, as of Sep 24, 2026).
What growth is priced into Verve Group SE (MGIMF)?
For today's price to be fair in a discounted-cash-flow model, Verve Group SE would have to grow free cash flow by +37.5 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +31.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MGIMF use?
Our models discount Verve Group SE at 10.9 %: a base by market capitalisation (small), damped by beta 0.88, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Verve Group SE that is +37.5 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Verve Group SE (MGIMF) delivered so far?
Over the past 5 years revenue at Verve Group SE grew +31.4 % a year. The price currently implies +37.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Verve Group SE (MGIMF) growing?
The median revenue growth in the sector is +13.4 % a year. That is the yardstick for the growth priced into Verve Group SE (+37.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Verve Group SE (MGIMF)?
The free-cash-flow yield on the price is 4.32 %: that much free cash flow Verve Group SE produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Verve Group SE (MGIMF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Verve Group SE it is $2.75 per share (as of Sep 24, 2026), against a price of $1.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Verve Group SE stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MGIMF trades below its calculated fair value: price $1.20, fair value $2.75, a gap of about +129% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MGIMF?
No. The price is what the market pays today ($1.20); the fair value is what the company's own numbers justify ($2.75). For Verve Group SE the two are $1.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Verve Group SE worth?
The market values Verve Group SE at about $412M (market capitalisation, as of Sep 24, 2026). Per share that is $1.20; our models calculate a fair value of $2.75 per share.
What do the bullish and bearish scenarios say about MGIMF?
Our models span a range for Verve Group SE: cautious scenario $1.27, base $2.75, optimistic $4.24 per share (as of Sep 24, 2026, price $1.20). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Verve Group SE (MGIMF)?
Balance-sheet figures for Verve Group SE (as of Sep 24, 2026): return on equity −0.6%, debt of 1.12 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is MGIMF from its 52-week high?
Verve Group SE trades at $1.20, about 67% below its 52-week high of $3.67 and at the low of $1.20 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $2.75 is for.
Which stocks are comparable to Verve Group SE?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Verve Group SE stock attractive at the current price?
The data as of Sep 24, 2026: price $1.20, calculated fair value $2.75 (+129%), Quality Score 31/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MGIMF calculated?
We run Verve Group SE through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $2.75, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Verve Group SE currently trades 56 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Verve Group SE (MGIMF)?
The latest price we hold is from Sep 25, 2026 and stands at $1.20. Our model-based fair value is $2.75, about +129% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Verve Group SE right now?
The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($1.27). The market is more pessimistic than our downside scenario. The model range is unusually wide ($1.27 to $4.24). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Verve Group SE
How large is the market capitalisation of Verve Group SE (MGIMF)?
The market capitalisation of Verve Group SE is $412M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Verve Group SE (MGIMF)?
The price-to-sales ratio of Verve Group SE is 0.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Verve Group SE (MGIMF)?
The net margin of Verve Group SE is 0.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Verve Group SE (MGIMF)?
The return on equity (ROE) of Verve Group SE is −0.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Verve Group SE (MGIMF)?
On an EBIT basis the return on assets of Verve Group SE is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Verve Group SE (MGIMF)?
The operating margin of Verve Group SE is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Verve Group SE (MGIMF)?
Revenue at Verve Group SE is growing +25.6% versus a year earlier (3y avg +19.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Verve Group SE (MGIMF)?
Earnings per share at Verve Group SE are growing −75.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Verve Group SE (MGIMF) carry?
The net debt of Verve Group SE is €385M (fiscal year 2025, ≈ 41.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Sep 24, 2026