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Verve Group SE (VER.ST)

SEK15.58 -0.01 (-0.06%)
SE STO Technology Software - Application
Address Stureplan 6 11435
Stockholm, SE
CEO Remco Westermann
Website verve.com
IPO 2024-06-10
ISIN SE0018538068

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Also trades on Deutsche Börse · M8G.DE (EUR) Deutsche Börse · VRF.DE (EUR) Deutsche Börse · VRV.DE (EUR) Stockholm Stock Exchange · VER.ST (SEK)
Description

Verve Group SE, a digital media enterprise, specializes in providing advanced advertising software solutions throughout North America and Europe. Its operations are organized into two primary segments: Demand Side Platforms (DSP) and Supply Side Platforms (SSP). The DSP division enables advertisers to craft, manage, and fine-tune data-informed digital advertising campaigns across a wide spectrum of ad formats, media channels, and devices. This segment offers the flexibility of either managing campaigns directly for clients or providing a self-service DSP platform with a usage-based fee structure. Additionally, it features proprietary products such as ATOM and Moments.AI, which deliver enhanced targeting functionalities to advertisers. Conversely, the SSP division supports both third-party publishers and Verve's own game development studios in efficiently monetizing their advertising spaces while ensuring they retain complete oversight. This segment encompasses the company's internal gaming studios, which contribute first-party data and in-game ad placements, alongside revenue generated from virtual items and subscriptions. The SSP segment is also actively involved in purchasing ad inventory directly from publishers and reselling it to demand-side platforms. Beyond these core offerings, Verve Group provides machine learning-driven optimization tools, notably ML-Driven Optimization for SKAN, for precise performance measurement. The company is also expanding into novel advertising channels, including audio, podcasting, and digital out-of-home advertising. Established in 2000 and headquartered in Stockholm, Sweden, the company officially rebranded to Verve Group SE in June 2024, having previously operated under the name MGI - Media and Games Invest SE.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK15.58 -0.01 (-0.06%)
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Volume Profile
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Liquidity & share structure
Average Volume
361.4K
Beta
0.88
Float Shares
157.26M
Free Float %
78.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.17% +22.17% +19.66% +28.80% +6.24% +0.58% -40.28% +51.42% -56.00% +37.85% +37.85%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
15.58
DCF (Unlevered) 94.60 +507.2%
DCF (Levered) 100.42 +544.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 0 -1
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.94
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +28.4% Q1'26: +25.8% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    -97.6% Q1'26: -100.0% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -10.0% Q1'26: +25.7% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +12.5% Q1'26: +6.3% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +4.6% Q1'26: +2.6% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +9.8% Q1'26: +5.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    4.67× Q1'26: 5.40× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.77) × ERP
WACC = 40% × Ke + 60% × Kd (12.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 94.60 Current price: 15.58
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Dec 2026
9 Rev. Ana.
3 EPS Ana.
Dec 2027
9 Rev. Ana.
4 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Dec 2029
4 Rev. Ana.
2 EPS Ana.
Dec 2030
4 Rev. Ana.
2 EPS Ana.
Revenue
437.01M
est: 422.45M (+3.4%)
561.25M
est: 544.12M (+3.1%)
690.42M
671.29M – 739.89M
+26.9% YoY
761.52M
716.45M – 862.20M
+10.3% YoY
827.76M
791.15M – 913.39M
+8.7% YoY
879.26M
840.38M – 970.21M
+6.2% YoY
1.01B
967.53M – 1.12B
+15.1% YoY
EBITDA
134.93M
est: 100.87M (+33.8%)
124.41M
est: 129.92M (-4.2%)
164.86M
160.29M – 176.67M
+26.9% YoY
181.84M
171.07M – 205.88M
+10.3% YoY
197.65M
188.91M – 218.10M
+8.7% YoY
209.95M
200.67M – 231.67M
+6.2% YoY
241.72M
231.03M – 266.72M
+15.1% YoY
EBIT
96.70M
est: 53.07M (+82.2%)
70.36M
est: 68.35M (+2.9%)
86.73M
84.33M – 92.94M
+26.9% YoY
95.66M
90.00M – 108.31M
+10.3% YoY
103.98M
99.38M – 114.74M
+8.7% YoY
110.45M
105.56M – 121.87M
+6.2% YoY
127.16M
121.54M – 140.31M
+15.1% YoY
Net Income
28.80M
est: 45.89M (-37.2%)
708.0K
est: 31.18M (-97.7%)
45.80M
34.79M – 52.18M
+46.9% YoY
65.01M
38.44M – 88.63M
+41.9% YoY
79.24M
74.68M – 89.89M
+21.9% YoY
92.94M
87.60M – 105.44M
+17.3% YoY
111.57M
105.16M – 126.57M
+20.0% YoY
SGA
29.68M
est: 24.57M (+20.8%)
est: 31.64M (-100.0%)
40.15M
39.04M – 43.03M
+26.9% YoY
44.29M
41.67M – 50.14M
+10.3% YoY
48.14M
46.01M – 53.12M
+8.7% YoY
51.13M
48.87M – 56.42M
+6.2% YoY
58.87M
56.27M – 64.96M
+15.1% YoY
EPS
0.16
est: 0.22 (-25.7%)
0.00
est: 0.15 (-97.5%)
0.22
0.16 – 0.24
+46.9% YoY
0.31
0.18 – 0.42
+41.9% YoY
0.37
0.35 – 0.42
+21.9% YoY
0.44
0.41 – 0.50
+17.3% YoY
0.52
0.49 – 0.59
+20.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-28 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-27 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-26 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-25 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-22 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-21 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-20 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-19 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-18 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-15 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-13 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-12 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-11 B- 3/5 4/5 2/5 3/5 1/5 1/5 4/5
2026-05-08 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-07 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-06 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-05 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-05-04 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-04-30 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-04-29 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-04-28 B 3/5 4/5 2/5 3/5 1/5 1/5 5/5
2026-04-27 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-24 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-23 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-22 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-21 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-20 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-17 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-16 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
19.70M
OE per share TTM
0.09
Owner's Yield
0.51%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
1.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P International Small Cap ETF GWX 0.00% 42.0K 0.40%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
67.6K
Shares Outstanding
200.12M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Alex Stil Chief Commercial & Strategy Officer male
Carrie Galli Chief Human Resources Officer female
David J. Simon Chief Revenue Officer & President of Verve Marketplace male
David Philippson Chief Product Officer
Esther Hilsen Head of ESG
Ingo Middelmenne Head of European Investor Relations male
Lars Christian Salvador Duus Chief Financial Officer male
Mishel Alon Chief Business Officer male
Prasanna Prasad Chief Technology Officer male
Remco Westermann Chief Executive Officer & Director male
Soren Barz Vice President Corporate Communications & Strategic Initiatives
Thomas Jacobsen Secretary
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits