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Verve Group (VER) Fair Value & Analysis

Technology · SE · Market cap 3.1B SEK

VG Verve Group VER · ST
Pricekr 15.58
Fair Valuekr 10.51
Upside-32.5%
Quality26/100
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Evidence: High Range kr 10.51 – kr 24.69

Fair value as of: Jul 15, 2026

From 15 valuation models · updated today

Fair value updated Jul 15, 2026 — revised from kr 1.50 to kr 10.51 (+600.7%) since Jun 24, 2026. Share price −9.4% over the past month.

Price vs Fair Value (12 months)

kr 36.00 kr 12.96 Fair Value kr 10.51 Jul 2025 Jul 2026

12‑month range kr 12.96 – kr 36.00 · fair‑value band kr 10.51 – kr 24.69 · the kr 15.58 price screens above the kr 10.51 fair value. As of Jul 15, 2026.

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Analysis

Verve Group (VER) currently trades at kr 15.58, while our model-based Fair Value estimate is kr 10.51 — implying the stock looks roughly 32.5% overvalued today. We read business quality at 26/100 (below-average quality), in the Technology 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, Verve Group generated revenue of 608M SEK at a net margin of -0.4%. Revenue grew 25.6% year over year. It earns a return on equity of -0.6%. Net debt stands at 492M SEK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 10.51 (bear case) to kr 24.69 (bull case); at kr 15.58, the current price sits within that range. The share trades about 58% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -69% fair-value upside — at -33%, VER screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 608M SEK
Revenue growth (YoY) +25.6%
Net margin -0.4%
Return on equity -0.6%
Free cash flow −28.8M SEK FY2025
Operating margin 4.6%
More key figures
EPS growth (YoY) -75.7%
Net debt 492M SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 15, 2026. TTM = trailing twelve months.

About the company

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 …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Verve Group reported revenue of kr 561M in FY2025 versus kr 252M in FY2021, a compound +22.1%/yr. Reported net income was kr 708K in FY2025, compounding −54.2%/yr from FY2021.

Revenue +22.1%/yr
FY21 kr 252M
FY22 kr 324M
FY23 kr 322M
FY24 kr 437M
FY25 kr 561M
Net income −54.2%/yr
FY21 kr 16.1M
FY22 −kr 20.3M
FY23 kr 46.7M
FY24 kr 28.8M
FY25 kr 708K

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Cite: Fair Value Calculator (2026). "Verve Group Fair Value". https://www.fairvalue-calculator.com/stock/VER.ST

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Frequently asked questions

Is Verve Group (VER) undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 10.51 versus a price of kr 15.58 — about −33% (overvalued). Model-based estimate, not financial advice.
What is the fair value of VER?
Our model-based fair value for Verve Group is kr 10.51 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 15.58.
What is the quality score of VER?
Verve Group has a Quality Score of 26/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Verve Group (VER)?
Verve Group reported trailing-twelve-month revenue of about 608M SEK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of VER?
The net profit margin of Verve Group is about -0.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.