Verve Group SE
ISIN: SE0018538068
WKN: A3D3A1
30 October 2024 11:46AM

Original-Research: Verve Group SE (von First Berlin Equity Research GmbH): Kaufen

Verve Group SE · ISIN: SE0018538068 · EQS - Analysts
Country: Germany · Primary market: Germany · EQS NID: 21153

Original-Research: Verve Group SE - from First Berlin Equity Research GmbH

30.10.2024 / 11:46 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.


Classification of First Berlin Equity Research GmbH to Verve Group SE

Company Name: Verve Group SE
ISIN: SE0018538068
 
Reason for the research: vorläufige Q3-Kennzahlen
Recommendation: Kaufen
from: 30.10.2024
Target price: €5,40
Target price on sight of: 12 Monate
Last rating change: -
Analyst: Ellis Acklin

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:
Verve veröffentlichte eine Handvoll vorläufiger Kennzahlen für das dritte Quartal, die eine Fortsetzung der Wachstumstrends der letzten drei Quartale zeigten Das organische Umsatzwachstum (OSG) stieg im Jahresvergleich um 31%, unterstützt durch die Aufnahme neuer Kunden, die Skalierung bestehender Kundenbeziehungen, eine größere Nachfrage nach ID-losen Targeting-Lösungen sowie Vollbild- und Videoanzeigen. Verve hat in diesem Jahr einen Aufschwung erlebt, der sich im Septemberquartal fortzusetzen scheint. Wir gehen davon aus, dass die Ergebnisse ähnlich gut ausfallen werden, wenn das Unternehmen am 28. November die vollständigen Zahlen für Q3 vorlegt. Die Aktie wurde heute nach der Ad hoc-Mitteilung gekauft, und setzte die außergewöhnliche Kursentwicklung seit Jahresanfang fort. Wir stufen die Verve-Aktie weiterhin mit Kaufen ein bei einem unveränderten Kursziel von €5,40.

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:
Verve published a handful of preliminary Q3 KPIs, which showed a continuation of growth trends evident in the prior three quarters. OSG (organic sales growth) was up 31% Y/Y underpinned by customer onboardings, scaling up existing customers, greater demand for ID-less targeting solutions as well as full-screen and video ads. Verve operations have been on a heater this year-this appears to have extended in the September quarter. We expect earnings to be similarly good when the company reports a full set of Q3 numbers on 28 November. The stock caught a bid on today's ad-hoc, extending the exceptional YTD share price performance. We are Buy-rated on Verve with an unchanged €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/31153.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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2019249  30.10.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2019249&application_name=news&site_id=boersengefluester_html

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
Quelle: boersengefluester.de and Company information
Explanation

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
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
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
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-1,40%
3,16 €
ATH 6,52 €
-10,19% +23,61% +221,46% +212,25% +172,41%

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