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Verkkokauppa.com Oyj (VERK) Fair Value & Analysis

Consumer Cyclical · FI · Market cap €156M

VC Verkkokauppa.com Oyj VERK · HE
Price€3.59
Fair Value€6.12
Upside+70.5%
Quality69/100
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Weak Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/15)
Moderate moat 50/100
Evidence: High Range €4.53 – €7.65 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €6.04 to €6.12 (+1.3%) since Jun 25, 2026. Share price +14.9% over the past month.

A solid business, screening 70% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€4.53). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€8.06 €1.25 Fair Value €6.12 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €1.25 – €8.06 · fair‑value band €4.53 – €7.65 · the €3.59 price screens below the €6.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Verkkokauppa.com Oyj (VERK) currently trades at €3.59, while our model-based Fair Value estimate is €6.12, implying the stock looks roughly 70.5% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Verkkokauppa.com Oyj generated revenue of €534M at a net margin of 2.2%. Revenue grew 6.7% year over year. It earns a return on equity of 33.7%. The balance sheet holds a net cash position of €6.1M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €4.53 (bear case) to €7.65 (bull case); at €3.59, the current price sits below 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 13% below its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -49% fair-value upside, at 70%, VERK screens cheaper 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
Growth DCF €4.15 €5.18 €6.36 80
Residual Income €1.46 €2.04 €10.67 76
Rev-Margin DCF €4.09 €5.80 €7.71 74
All 24 models by family
DCF Models
FCF DCF €4.13 €5.30 €6.71 38
Owner Earnings €3.70 €4.73 €5.96 31
5Y Revenue Exit €4.09 €5.76 €7.83 39
5Y EBITDA Exit €4.62 €6.73 €9.11 41
5Y P/E Exit €4.47 €6.45 €8.46 38
10Y Revenue Exit €3.99 €5.35 €7.07 36
10Y EBITDA Exit €4.35 €5.92 €7.88 37
10Y P/E Exit €4.27 €5.76 €7.47 35
Earnings-Based
Graham-Dodd €1.89 €5.16 €6.77 54
Lynch FV €1.02 €1.46 €1.90 50
PEG = 1.0 €1.02 €1.46 €1.90 46
EPV €3.04 €3.32 €3.55 59
Multiples
P/E Multiple €4.59 €6.12 €7.65 63
P/S Multiple €3.55 €4.73 €5.91 58
P/B Multiple €2.65 €3.54 €4.42 55
EV/EBIT €5.99 €7.75 €9.51 53
EV/EBITDA €5.62 €7.25 €8.89 54
EV/Revenue €4.27 €5.80 €7.32 43
Asset-Based
NCAV (Graham) €0.4400 €0.5900 €0.8800 50
Growth DCF
Growth DCF €4.15 €5.18 €6.36 80
Rev-Margin DCF €4.09 €5.80 €7.71 74
Economic Profit
Residual Income €1.46 €2.04 €10.67 76
ROIC Compounder €3.07 €3.38 €3.64 72
Growth Earnings
Growth-Adj P/E €3.62 €5.17 €6.72 68

Widest divergence: Multiples (€5.80) versus Asset-Based (€0.5900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €534M
Revenue growth (YoY) +6.7%
Net margin 2.2%
Return on equity 33.7%
Free cash flow €18.8M FY2025
P/E ratio 13.0
More key figures
Operating margin 2.1%
EPS (TTM) €0.2700
EPS growth (YoY) -11.1%
Net cash €6.1M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 58

Profitability 64
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 81
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

Verkkokauppa.com Oyj operates as an online retailer in Finland. The company offers installation, and maintenance services, and subscriptions and visibility services. It also operates retail stores in Oulu, Pirkkala, Raisio, and Helsinki. Verkkokauppa.com Oyj was founded in 1992 and is headquartered in Helsinki, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Verkkokauppa.com Oyj reported revenue of €526M in FY2025 versus €575M in FY2021, a compound −2.2%/yr. Reported net income was €12.4M in FY2025, compounding −4.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€526M
Latest YoY
+12.5%
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.
−1.0%
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.
−1.0%
Avg. growth/yr (15Y) 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.
+7.7%
Revenue −2.2%/yr
FY21 €575M
FY22 €543M
FY23 €503M
FY24 €468M
FY25 €526M
Net income −4.7%/yr
FY21 €15.0M
FY22 €324K
FY23 €2.1M
FY24 −€803K
FY25 €12.4M
Character of growth · EPS growth decomposed (2014-2025) +0.8 % p.a.
Revenue per share +4.8 pp

of which total revenue +5.1 pp · buybacks/dilution −0.3 pp

EBIT margin −2.7 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −1.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Internet Retail · 109 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 69 · Top 25%
Fair Value upside +71% · Top 25%
Return on equity (TTM) 34% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 2% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth 7% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.39× · Higher than median

Valuation Multiples vs Internet Retail median · lower = cheaper

P/E (TTM) 13.0× · Cheaper than median
P/B 4.59× · Pricier than 75% of peers
P/S (TTM) 0.34× · Cheaper than median
P/FCF 9.6× · Pricier than median
EV/EBITDA 8.3× · Cheaper than median
PEG 1.74× · Pricier than median

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 100 · sector 34
FUTURE 34 · sector 39
PAST 100 · sector 7
HEALTH 81 · sector 94
DIVIDEND 0 · sector 39

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 Internet Retail stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZN $245.34 $127.67 -48%
Alibaba Group BABA $114.97 $75.75 -34%
PDD Holdings PDD $84.14 $223.51 +166%
MercadoLibre, Inc MELI $1,814 $798.98 -56%
DoorDash, Inc DASH $190.16 $38.64 -80%
Sea Limited SE $106.22 $52.70 -50%
eBay Inc EBAY $117.20 $60.13 -49%
JD.com, Inc JD €25.95 €31.88 +23%
Coupang, Inc CPNG $16.86 $2.79 -83%
Delivery Hero SE DHER €38.18 €12.71 -67%

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Frequently asked questions

Is Verkkokauppa.com Oyj (VERK) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €6.12 versus a price of €3.59, about +70% (undervalued).
What is the fair value of VERK?
Our model-based fair value for Verkkokauppa.com Oyj is €6.12 (as of Jul 18, 2026), built from audited fundamentals. The current price is €3.59.
What is the quality score of VERK?
Verkkokauppa.com Oyj has a Quality Score of 69/100. 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 Verkkokauppa.com Oyj (VERK)?
Verkkokauppa.com Oyj reported trailing-twelve-month revenue of about €534M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of VERK?
The net profit margin of Verkkokauppa.com Oyj is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does Verkkokauppa.com Oyj pay a dividend?
Verkkokauppa.com Oyj currently shows a dividend yield of about 7.52% relative to its recent price (as of Jul 18, 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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