Spotr Group AB (SPOTR.ST)

Spotr Group AB (SPOTR.ST) — VMCI valuation read

Headline read on SPOTR.ST: VMCI of 34/100 versus a Technology sector median of 50. The 16-point below-median position is what makes Spotr Group AB a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on SPOTR.ST: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on SPOTR.ST: value (SPOTR.ST trades at 27.0x earnings, 50% above the Technology median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of 0.0x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

SPOTR.ST rose 1.1% over the trailing 7 days, with a -7.2% read on a 30-day basis.