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Springvest Oyj (SPRING) Fair Value & Analysis

Financial Services · FI · Market cap €42.5M

SO Springvest Oyj SPRING · HE
Price€7.12
Fair Value€2.82
Upside-60.4%
Quality50/100
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Expensive Growth
Solidly profitable · 16.0% net margin
negative free cash flow
2.71% dividend yield
Trails peers (1/12)
Moderate moat 52/100
Evidence: High Range €2.11 – €3.52 Share as image

Fair value as of: Jul 16, 2026

From 7 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €4.91 to €2.82 (−42.6%) since Jun 26, 2026. Share price −1.4% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€3.52). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€12.30 €3.29 Fair Value €2.82 Nov 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

56‑month range €3.29 – €12.30 · fair‑value band €2.11 – €3.52 · the €7.12 price screens above the €2.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Springvest Oyj (SPRING) currently trades at €7.12, while our model-based Fair Value estimate is €2.82, implying the stock looks roughly 60.4% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Springvest Oyj generated revenue of €5.9M at a net margin of 16.0%. Revenue declined 29.8% year over year. It earns a return on equity of 4.2%. The stock trades on a trailing P/E of 37.3. Fundamentals as of Jul 16, 2026

Our scenario range runs from €2.11 (bear case) to €3.52 (bull case); at €7.12, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -60%, SPRING screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Residual Income €2.68 €2.56 €2.02 76
P/E Multiple €1.62 €2.16 €2.69 63
P/B Multiple €2.11 €2.82 €3.52 55
All 7 models by family
DCF Models
Owner Earnings €1.66 €2.37 €3.33 31
Earnings-Based
Graham-Dodd €1.13 €4.63 €6.31 54
Lynch FV €1.16 €1.66 €2.16 50
Multiples
P/E Multiple €1.62 €2.16 €2.69 63
P/B Multiple €2.11 €2.82 €3.52 55
Asset-Based
NCAV (Graham) €2.00 €2.68 €4.00 50
Economic Profit
Residual Income €2.68 €2.56 €2.02 76

Widest divergence: Asset-Based (€2.68) versus Earnings-Based (€1.66). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €5.9M
Revenue growth (YoY) -29.8%
Net margin 16.0%
Return on equity 4.2%
Free cash flow −€117K FY2025
P/E ratio 37.3
More key figures
Operating margin 20.5%
EPS (TTM) €0.2100
Dividend yield 2.5%
EPS growth (YoY) -49.3%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 38

Profitability 31
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Springvest Oyj is an investment service company, operate as an organise funding rounds, brokered and offer investment opportunities in unlisted companies. The company was incorporated in 2012 and is based in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Springvest Oyj reported revenue of €5.9M in FY2025 versus €4.0M in FY2021, a compound +10.0%/yr. Reported net income was €934K in FY2025, compounding +33.3%/yr from FY2021.

Growth Quality 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€5.9M
Latest YoY
−15.5%
Avg. growth/yr (3Y) 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.
+15.9%
Avg. growth/yr (5Y) 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.
+12.7%
Avg. growth/yr (6Y) 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.
+13.4%
Revenue +10.0%/yr
FY21 €4.0M
FY22 €3.8M
FY23 €3.8M
FY24 €6.9M
FY25 €5.9M
Net income +33.3%/yr
FY21 €296K
FY22 €590K
FY23 €362K
FY24 €1.6M
FY25 €934K

SPRING screens 60% overvalued. Compare with Fondul Proprietatea SA →

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Cite: Fair Value Calculator (2026). "Springvest Oyj Fair Value". https://www.fairvalue-calculator.com/stock/SPRING

Peer Group

Asset Management · 971 stocks

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.

Quality Score 49 · Below median
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Above median
Net margin (TTM) 16% · Below median
Operating margin (TTM) 20% · Below median
Revenue growth -30% · Bottom 25%
Dividend yield (TTM) 2.7% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 47.1× · Pricier than 75% of peers
P/B 2.18× · Pricier than 75% of peers
P/S (TTM) 8.38× · Pricier than median
EV/EBITDA 39.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 0 · sector 6
PAST 17 · sector 26
HEALTH 0 · sector 95
DIVIDEND 54 · sector 69

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Springvest Oyj (SPRING) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €2.82 versus a price of €7.12, about −60% (overvalued).
What is the fair value of SPRING?
Our model-based fair value for Springvest Oyj is €2.82 (as of Jul 16, 2026), built from audited fundamentals. The current price is €7.12.
What is the quality score of SPRING?
Springvest Oyj has a Quality Score of 50/100. 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 revenue of Springvest Oyj (SPRING)?
Springvest Oyj reported trailing-twelve-month revenue of about €5.9M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SPRING?
The net profit margin of Springvest Oyj is about 16.0%, meaning it keeps roughly 16.0% of revenue as net income. Based on the latest reported figures.
Does Springvest Oyj pay a dividend?
Springvest Oyj currently shows a dividend yield of about 2.53% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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