Original-Research: Verve Group SE (von First Berlin Equity Research GmbH): Kaufen
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Original-Research: Verve Group SE - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to Verve Group SE
First Berlin Equity Research hat ein Research Update zu Verve Group SE (ISIN: SE0018538068) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 5,40. Zusammenfassung: Der Q2-Bericht bestätigt die vorläufigen KPIs vom 12. August. Das Geschäft läuft gut, und die Anleger springen endlich auf den Verve-Zug auf, nachdem sich die guten Nachrichten seit Jahresbeginn häuften: (1) OSG (organisches Umsatzwachstum) übertraf die Erwartungen; (2) überraschende M&A Aktivität; und (3) 2x erhöhte Guidance. OSG übertraf 26% im 2. Quartal, und das Management deutete bei seinem CMD eine anhaltende KPI-Stärke an, die auf eine gute Performance im Juli und August hindeutet. 'Privacy-first' verändert das Spiel der digitalen Werbung rapide, und Verve steht mit seinen ID-losen Targeting-Tools an der Spitze dieser Transformation. Die Verve-Aktie ist seit Jahresanfang um satte 200% gestiegen, wird aber immer noch mit dem 5,0-fachen 2025E EV/EBITDA gehandelt. Wir stufen die Verve-Aktie weiterhin mit Kaufen und bei einem Kursziel von €5,40 ein. First Berlin Equity Research has published a research update on Verve Group SE (ISIN: SE0018538068). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 5.40 price target. Abstract: Q2 reporting confirmed preliminary KPIs released on 12 August. Business is good, and investors are finally jumping on the Verve bandwagon in the wake of cascading news flow YTD: (1) OSG beats; (2) surprise M&A; and (3) 2x upped guidance. OSG (organic sales growth) topped 26% in the June-quarter, and management hinted at continued KPI strength at its CMD pointing to good performance in July and August. 'Privacy-first' is rapidly reshaping the digital-ad game, and Verve is at the vanguard of this transformation with its ID-less targeting tools. Verve shares are up a whopping 200% YTD but still trade at 5.0x 2025E EV/EBITDA. We stick to our Buy rating and €5.4 TP. Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse. You can download the research here: http://www.more-ir.de/d/30699.pdf Contact for questions: First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com
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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 32,62 | 83,89 | 140,22 | 252,17 | 324,44 | 321,98 | 416,00 | |
| EBITDA1,2 | 8,65 | 15,54 | 26,55 | 65,04 | 84,75 | 128,46 | 132,00 | |
| EBITDA-Margin3 | 26,52 | 18,52 | 18,94 | 25,79 | 26,12 | 39,90 | 31,73 | |
| EBIT1,4 | 2,33 | 5,00 | 11,04 | 36,80 | 26,62 | 99,00 | 0,00 | |
| EBIT-Margin5 | 7,14 | 5,96 | 7,87 | 14,59 | 8,21 | 30,75 | 0,00 | |
| Net Profit (Loss)1 | 1,58 | 1,25 | 2,71 | 16,06 | -20,41 | 46,22 | 0,00 | |
| Net-Margin6 | 4,84 | 1,49 | 1,93 | 6,37 | -6,29 | 14,36 | 0,00 | |
| Cashflow1,7 | 4,93 | 16,20 | 25,20 | 64,84 | 134,22 | 69,45 | 0,00 | |
| Earnings per share8 | 0,09 | -0,01 | 0,03 | 0,11 | -0,12 | 0,26 | 0,11 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Verve Group | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A3D3A1 | SE0018538068 | SE | 591,45 Mio € | Halten | 9FFW83PF+F9 | |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 26,33 | 23,87 | 1,10 | 56,43 | 1,68 | 8,52 | 1,84 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 11.06.2025 | 28.05.2025 | 19.08.2025 | 28.11.2024 | 18.04.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -10,19% | +23,61% | +221,46% | +212,25% | +172,41% |
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