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VEND MARKETPLACES ASA CL-B (VENDB.OL) Stock Fundamental Analysis

Europe - OSL:VENDB - NO0010736879 - Common Stock

325.2 NOK
+5.2 (+1.62%)
Last: 10/22/2025, 4:19:39 PM
Fundamental Rating

5

Overall VENDB gets a fundamental rating of 5 out of 10. We evaluated VENDB against 20 industry peers in the Interactive Media & Services industry. VENDB has an excellent profitability rating, but there are some minor concerns on its financial health. VENDB is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

VENDB had positive earnings in the past year.
In the past year VENDB had a positive cash flow from operations.
Of the past 5 years VENDB 4 years were profitable.
VENDB had a positive operating cash flow in each of the past 5 years.
VENDB.OL Yearly Net Income VS EBIT VS OCF VS FCFVENDB.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B

1.2 Ratios

VENDB has a better Return On Assets (29.64%) than 95.00% of its industry peers.
VENDB's Return On Equity of 37.19% is amongst the best of the industry. VENDB outperforms 100.00% of its industry peers.
VENDB has a Return On Invested Capital (2.55%) which is comparable to the rest of the industry.
VENDB had an Average Return On Invested Capital over the past 3 years of 2.06%. This is significantly below the industry average of 19.57%.
The 3 year average ROIC (2.06%) for VENDB is below the current ROIC(2.55%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 29.64%
ROE 37.19%
ROIC 2.55%
ROA(3y)1.92%
ROA(5y)14.39%
ROE(3y)-1.98%
ROE(5y)16.93%
ROIC(3y)2.06%
ROIC(5y)2.64%
VENDB.OL Yearly ROA, ROE, ROICVENDB.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

1.3 Margins

VENDB has a better Profit Margin (145.23%) than 100.00% of its industry peers.
VENDB's Profit Margin has improved in the last couple of years.
VENDB has a Operating Margin of 15.01%. This is comparable to the rest of the industry: VENDB outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of VENDB has declined.
VENDB has a better Gross Margin (110.34%) than 100.00% of its industry peers.
In the last couple of years the Gross Margin of VENDB has remained more or less at the same level.
Industry RankSector Rank
OM 15.01%
PM (TTM) 145.23%
GM 110.34%
OM growth 3Y-1.54%
OM growth 5Y-3.72%
PM growth 3Y-18.04%
PM growth 5Y99.1%
GM growth 3Y-1.25%
GM growth 5Y-1.05%
VENDB.OL Yearly Profit, Operating, Gross MarginsVENDB.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VENDB is destroying value.
The number of shares outstanding for VENDB has been increased compared to 1 year ago.
The number of shares outstanding for VENDB has been reduced compared to 5 years ago.
VENDB has a better debt/assets ratio than last year.
VENDB.OL Yearly Shares OutstandingVENDB.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
VENDB.OL Yearly Total Debt VS Total AssetsVENDB.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

The Debt to FCF ratio of VENDB is 3.15, which is a good value as it means it would take VENDB, 3.15 years of fcf income to pay off all of its debts.
VENDB has a worse Debt to FCF ratio (3.15) than 65.00% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that VENDB is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.12, VENDB perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 3.15
Altman-Z N/A
ROIC/WACC0.31
WACC8.23%
VENDB.OL Yearly LT Debt VS Equity VS FCFVENDB.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.3 Liquidity

A Current Ratio of 2.05 indicates that VENDB has no problem at all paying its short term obligations.
VENDB has a Current ratio of 2.05. This is amongst the best in the industry. VENDB outperforms 85.00% of its industry peers.
A Quick Ratio of 2.05 indicates that VENDB has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.05, VENDB belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.05
Quick Ratio 2.05
VENDB.OL Yearly Current Assets VS Current LiabilitesVENDB.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 2472.94% over the past year.
The Earnings Per Share has been growing by 33.81% on average over the past years. This is a very strong growth
VENDB shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -43.76%.
The Revenue for VENDB have been decreasing by -15.28% on average. This is quite bad
EPS 1Y (TTM)2472.94%
EPS 3Y75.21%
EPS 5Y33.81%
EPS Q2Q%2103.92%
Revenue 1Y (TTM)-43.76%
Revenue growth 3Y-17.12%
Revenue growth 5Y-15.28%
Sales Q2Q%-32.91%

3.2 Future

The Earnings Per Share is expected to decrease by -26.17% on average over the next years. This is quite bad
Based on estimates for the next years, VENDB will show a small growth in Revenue. The Revenue will grow by 0.86% on average per year.
EPS Next Y-72.06%
EPS Next 2Y-45.77%
EPS Next 3Y-26.17%
EPS Next 5YN/A
Revenue Next Year-25%
Revenue Next 2Y-14.57%
Revenue Next 3Y-6.48%
Revenue Next 5Y0.86%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
VENDB.OL Yearly Revenue VS EstimatesVENDB.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
VENDB.OL Yearly EPS VS EstimatesVENDB.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 10 -10 20 -20

3

4. Valuation

4.1 Price/Earnings Ratio

VENDB is valuated reasonably with a Price/Earnings ratio of 8.06.
Based on the Price/Earnings ratio, VENDB is valued cheaper than 90.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.77, VENDB is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 45.79, the valuation of VENDB can be described as expensive.
VENDB's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of VENDB to the average of the S&P500 Index (23.23), we can say VENDB is valued expensively.
Industry RankSector Rank
PE 8.06
Fwd PE 45.79
VENDB.OL Price Earnings VS Forward Price EarningsVENDB.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

VENDB's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VENDB indicates a slightly more expensive valuation: VENDB is more expensive than 65.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 65.12
EV/EBITDA 23.07
VENDB.OL Per share dataVENDB.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

The decent profitability rating of VENDB may justify a higher PE ratio.
VENDB's earnings are expected to decrease with -26.17% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.24
EPS Next 2Y-45.77%
EPS Next 3Y-26.17%

4

5. Dividend

5.1 Amount

With a yearly dividend of 0.64%, VENDB is not a good candidate for dividend investing.
VENDB's Dividend Yield is rather good when compared to the industry average which is at 2.02. VENDB pays more dividend than 85.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, VENDB's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.64%

5.2 History

On average, the dividend of VENDB grows each year by 113.59%, which is quite nice.
Dividend Growth(5Y)113.59%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

37.04% of the earnings are spent on dividend by VENDB. This is a low number and sustainable payout ratio.
DP37.04%
EPS Next 2Y-45.77%
EPS Next 3Y-26.17%
VENDB.OL Yearly Income VS Free CF VS DividendVENDB.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B
VENDB.OL Dividend Payout.VENDB.OL Dividend Payout, showing the Payout Ratio.VENDB.OL Dividend Payout.PayoutRetained Earnings

VEND MARKETPLACES ASA CL-B

OSL:VENDB (10/22/2025, 4:19:39 PM)

325.2

+5.2 (+1.62%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)07-18 2025-07-18/bmo
Earnings (Next)10-28 2025-10-28
Inst Owners86.04%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap73.78B
Revenue(TTM)7.19B
Net Income(TTM)10.44B
Analysts72.38
Price Target383.89 (18.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.64%
Yearly Dividend89.76
Dividend Growth(5Y)113.59%
DP37.04%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-13.61%
Min EPS beat(2)-1721.07%
Max EPS beat(2)1693.85%
EPS beat(4)3
Avg EPS beat(4)496.16%
Min EPS beat(4)-1721.07%
Max EPS beat(4)1693.85%
EPS beat(8)4
Avg EPS beat(8)176.11%
EPS beat(12)4
Avg EPS beat(12)12.27%
EPS beat(16)4
Avg EPS beat(16)-4%
Revenue beat(2)0
Avg Revenue beat(2)-7.93%
Min Revenue beat(2)-11.82%
Max Revenue beat(2)-4.05%
Revenue beat(4)1
Avg Revenue beat(4)-4.53%
Min Revenue beat(4)-11.82%
Max Revenue beat(4)0.73%
Revenue beat(8)1
Avg Revenue beat(8)-9.91%
Revenue beat(12)1
Avg Revenue beat(12)-7.04%
Revenue beat(16)1
Avg Revenue beat(16)-5.98%
PT rev (1m)1.23%
PT rev (3m)12.07%
EPS NQ rev (1m)-2.21%
EPS NQ rev (3m)138.59%
EPS NY rev (1m)107.19%
EPS NY rev (3m)45.71%
Revenue NQ rev (1m)-1.75%
Revenue NQ rev (3m)-21.71%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-22.63%
Valuation
Industry RankSector Rank
PE 8.06
Fwd PE 45.79
P/S 10.26
P/FCF 65.12
P/OCF 42.02
P/B 2.63
P/tB 3.64
EV/EBITDA 23.07
EPS(TTM)40.34
EY12.4%
EPS(NY)7.1
Fwd EY2.18%
FCF(TTM)4.99
FCFY1.54%
OCF(TTM)7.74
OCFY2.38%
SpS31.68
BVpS123.71
TBVpS89.36
PEG (NY)N/A
PEG (5Y)0.24
Graham Number335.09
Profitability
Industry RankSector Rank
ROA 29.64%
ROE 37.19%
ROCE 3.31%
ROIC 2.55%
ROICexc 2.76%
ROICexgc 3.73%
OM 15.01%
PM (TTM) 145.23%
GM 110.34%
FCFM 15.76%
ROA(3y)1.92%
ROA(5y)14.39%
ROE(3y)-1.98%
ROE(5y)16.93%
ROIC(3y)2.06%
ROIC(5y)2.64%
ROICexc(3y)2.28%
ROICexc(5y)2.84%
ROICexgc(3y)3.08%
ROICexgc(5y)3.81%
ROCE(3y)2.73%
ROCE(5y)3.46%
ROICexgc growth 3Y1.98%
ROICexgc growth 5Y-40.51%
ROICexc growth 3Y-1.35%
ROICexc growth 5Y-24.02%
OM growth 3Y-1.54%
OM growth 5Y-3.72%
PM growth 3Y-18.04%
PM growth 5Y99.1%
GM growth 3Y-1.25%
GM growth 5Y-1.05%
F-Score5
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 3.15
Debt/EBITDA 1.08
Cap/Depr 29.69%
Cap/Sales 8.67%
Interest Coverage 250
Cash Conversion 55.27%
Profit Quality 10.85%
Current Ratio 2.05
Quick Ratio 2.05
Altman-Z N/A
F-Score5
WACC8.23%
ROIC/WACC0.31
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)9.96%
Cap/Sales(5y)8.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2472.94%
EPS 3Y75.21%
EPS 5Y33.81%
EPS Q2Q%2103.92%
EPS Next Y-72.06%
EPS Next 2Y-45.77%
EPS Next 3Y-26.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-43.76%
Revenue growth 3Y-17.12%
Revenue growth 5Y-15.28%
Sales Q2Q%-32.91%
Revenue Next Year-25%
Revenue Next 2Y-14.57%
Revenue Next 3Y-6.48%
Revenue Next 5Y0.86%
EBIT growth 1Y-22.76%
EBIT growth 3Y-18.4%
EBIT growth 5Y-18.43%
EBIT Next Year109.21%
EBIT Next 3Y48.25%
EBIT Next 5Y35.34%
FCF growth 1Y47.14%
FCF growth 3Y-24.42%
FCF growth 5Y-19.17%
OCF growth 1Y-2.88%
OCF growth 3Y-16.77%
OCF growth 5Y-12.73%