VNV Global AB (publ)

OM:VNV Stock Report

Market Cap: SEK 2.1b

VNV Global Valuation

Is VNV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of VNV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: Insufficient data to calculate VNV's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate VNV's future cash flow value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VNV?

Key metric: As VNV is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for VNV. This is calculated by dividing VNV's market cap by their current book value.
What is VNV's PB Ratio?
PB Ratio0.5x
BookUS$462.08m
Market CapUS$215.19m

Price to Book Ratio vs Peers

How does VNV's PB Ratio compare to its peers?

The above table shows the PB ratio for VNV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.4x
VEFAB VEF
0.4xn/aSEK 1.8b
CAT B Catella
1x25.36%SEK 1.8b
TRAC B AB Traction
0.8xn/aSEK 3.5b
NTECH Stockholm Nordtech Group
3.4xn/aSEK 2.9b
VNV VNV Global
0.5xn/aSEK 2.1b

Price-To-Book vs Peers: VNV is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (1.4x).

Historical Price to Book Ratio

Historical Price to Book Ratio compares a stock's price to the book value of it's equity over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Book Ratio vs Industry

How does VNV's PB Ratio compare vs other companies in the SE Capital Markets Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
NAVIGO STAM Navigo Invest
0.2xn/aUS$47.95m
WRV Webrock Ventures
0.2xn/aUS$7.08m
CAPS Northern CapSek Ventures
0.2xn/aUS$904.89k
SMART SDB Smart Valor
0.08xn/aUS$508.36k
No more companies available in this PB range
VNV 0.5xIndustry Avg. 1.0xNo. of Companies12PB01.22.43.64.86+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: VNV is good value based on its Price-To-Book Ratio (0.5x) compared to the Swedish Capital Markets industry average (1x).

Price to Book Ratio vs Fair Ratio

What is VNV's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VNV PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate VNV's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VNV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 16.36
SEK 24.73
+51.18%
4.92%SEK 25.95SEK 23.52n/a2
Jun ’27SEK 18.56
SEK 24.73
+33.26%
4.92%SEK 25.95SEK 23.52n/a2
May ’27SEK 18.06
SEK 25.51
+41.27%
9.27%SEK 27.88SEK 23.15n/a2
Apr ’27SEK 18.63
SEK 27.16
+45.78%
0.53%SEK 27.30SEK 27.02n/a2
Mar ’27SEK 19.36
SEK 27.16
+40.28%
0.53%SEK 27.30SEK 27.02n/a2
Feb ’27SEK 18.35
SEK 27.84
+51.70%
2.56%SEK 28.55SEK 27.13n/a2
Jan ’27SEK 21.92
SEK 30.23
+37.92%
0.72%SEK 30.45SEK 30.01n/a2
Dec ’26SEK 22.04
SEK 30.23
+37.17%
0.72%SEK 30.45SEK 30.01n/a2
Nov ’26SEK 23.76
SEK 30.23
+27.24%
0.72%SEK 30.45SEK 30.01n/a2
Oct ’26SEK 25.42
SEK 29.71
+16.89%
7.62%SEK 31.98SEK 27.45n/a2
Sep ’26SEK 22.28
SEK 28.37
+27.34%
2.95%SEK 29.21SEK 27.54n/a2
Aug ’26SEK 19.43
SEK 27.67
+42.38%
6.83%SEK 29.76SEK 25.18n/a3
Jul ’26SEK 17.50
SEK 26.76
+52.89%
7.73%SEK 29.59SEK 24.71n/a3
Jun ’26SEK 16.31
SEK 27.72
+69.93%
8.99%SEK 30.21SEK 25.22SEK 18.562
May ’26SEK 17.02
SEK 27.72
+62.84%
8.99%SEK 30.21SEK 25.22SEK 18.062
Apr ’26SEK 16.15
SEK 31.90
+97.55%
10.00%SEK 35.09SEK 28.71SEK 18.632
Mar ’26SEK 20.62
SEK 31.90
+54.72%
10.00%SEK 35.09SEK 28.71SEK 19.362
Feb ’26SEK 22.08
SEK 31.90
+44.49%
10.00%SEK 35.09SEK 28.71SEK 18.352
Jan ’26SEK 18.36
SEK 31.00
+68.85%
6.31%SEK 32.96SEK 29.04SEK 21.922
Dec ’25SEK 18.98
SEK 31.00
+63.33%
6.31%SEK 32.96SEK 29.04SEK 22.042
Nov ’25SEK 18.85
SEK 35.47
+88.20%
9.79%SEK 38.95SEK 32.00SEK 23.762
Oct ’25SEK 20.48
SEK 36.49
+78.18%
6.85%SEK 38.99SEK 33.99SEK 25.422
Sep ’25SEK 22.38
SEK 36.49
+63.05%
6.85%SEK 38.99SEK 33.99SEK 22.282
Aug ’25SEK 23.66
SEK 36.49
+54.23%
6.85%SEK 38.99SEK 33.99SEK 19.432
Jul ’25SEK 27.00
SEK 33.66
+24.67%
2.20%SEK 34.40SEK 32.92SEK 17.502
Jun ’25SEK 27.84
SEK 32.68
+17.40%
4.44%SEK 34.14SEK 31.23SEK 16.312
SEK 24.73
Fair Value
33.9% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/28 03:00
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

VNV Global AB (publ) is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mikael HolmDanske Bank
Miriam Adisa JosiahMorgan Stanley
Georg AttlingPareto Securities