
Verve Group SE (VRV.DE)
ValueMarkers Composite Index
35% below intrinsic value ($3)
Verve Group SE (VRV.DE) — VMCI valuation read
Headline read on VRV.DE: VMCI of 46/100 versus a Technology sector median of 50. The 4-point below-median position is what makes Verve Group SE a relative-value laggard in the mid-cap cohort, before any pillar-level review.
Form 4 filings on VRV.DE: 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 VRV.DE: value (VRV.DE trades at 21.0x earnings, 17% above the Technology median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of 3.2x is the binding constraint on the bear case). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.
VRV.DE rose 1.1% over the trailing 7 days, with a -0.7% read on a 30-day basis.
Verve Group SE, a digital media company, engages in the provision of ad-software solutions in North America and Europe. It operates in two segments, Demand Side Platforms (DSP) and Supply Side Platforms (SSP). The DSP segment enables advertisers to create, manage, and optimize data-driven digital advertising campaigns across all relevant ad formats and channels, and devices. This segment also offers advertising services, managing campaigns for advertisers or charges a usage-based fee for the use of the self-serve DSP platform; and products, including ATOM or Moments.AI for value-added services which provide targeting solutions to advertisers. The SSP segment helps third-party publishers and its own games studios to monetize their ad inventory/ad spaces while keeping full control over it. This segment also includes its own games studios which provide first-party data and in-game advertising spaces, as well as in game item and subscriptions; and is also involved in buying ad inventory directly from the publisher and selling it to demand side platforms. It also offers ML-Driven Optimization for SKAN, a machine learning models for performance measurement; and new ad formats and channels, which provide expansion into audio, podcast, and digital out-of-home advertising. The company was formerly known as MGI - Media and Games Invest SE and changed its name to Verve Group SE in June 2024. Verve Group SE was founded in 2000 and is based in Stockholm, Sweden.
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