VNV Global (VNV) AI Stock Analysis

• Market Cap: kr2.72B
• Dividend Yield: N/A
• Average Volume (3M): 324.17K
• Price to Earnings (P/E): 19.7
• Beta (1Y): 1.58
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 3
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Global
• EPS (TTM): -0.62
• Shares Outstanding: 130,978,240
• 10 Day Avg. Volume: 232,434
• 30 Day Avg. Volume: 324,168
• PEG Ratio: <0.01
• Price to Book (P/B): 0.37
• Price to Sales (P/S): -3.04
• P/FCF Ratio: 4.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: kr22.00 ▲(2.23% Upside)

The score is primarily constrained by weak TTM profitability and significant cash burn, partially offset by a conservatively levered balance sheet. Technicals are neutral with negative momentum signals, while valuation appears mid-range (P/E ~20.2) without dividend support. Earnings-call commentary is mixed, with improved net cash and some portfolio strength tempered by NAV and valuation declines in major holdings.

VNV Global Business Overview & Revenue Model

Company Description

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture. It prefers to invest globally including Africa / Middle East, European Emerging Markets, Latin America and Caribbean, United States and Canada except China in online marketplaces, consumer-focused and business 2 business companies. It usually seeks investments where it can become a significant minority shareholder and actively manage the investment through board representation. The firm prefers to invest in unlisted companies. It prefers to take majority and minority stake in its portfolio companies. VNV Global AB (publ) was founded on April 5, 2007 and is based in Stockholm, Sweden .

How the Company Makes Money

VNV Global makes money through capital appreciation and investment returns from its portfolio of high-growth technology companies. The company invests in early-stage and growth-stage businesses, often acquiring significant equity stakes. As these companies grow and potentially go public or are acquired, VNV Global realizes returns on its investments. Additionally, the company may earn dividends or interest from its holdings, though its primary focus is on long-term capital gains. Strategic partnerships with technology firms and financial institutions may also enhance its investment capabilities and returns.

VNV Global Financial Statement Overview

Summary

VNV Global's financial performance displays significant revenue volatility and recent net losses, impacting overall profitability. The balance sheet is strong with a robust equity position and debt reduction, reducing financial risk. While there are improvements in cash flow, historical inconsistencies in cash management remain a concern.

Income Statement

VNV Global has experienced significant volatility in its revenue, showing substantial declines in recent years. The revenue growth rate has been negative due to the drop from 2023 to 2024. Gross profit margins have been consistently aligned with total revenue, indicating no cost of goods sold, but the negative net profit margin from 2023 to 2024 highlights profitability challenges. EBIT margin is notably absent in 2024, reflecting operational difficulties.

Balance Sheet

The company's balance sheet shows a strong equity base with a positive equity ratio, reflecting low financial risk. However, the debt-to-equity ratio has improved with debt elimination in 2024, suggesting a more conservative financial strategy. ROE has been negative recently due to net losses, but the high stockholders' equity provides a buffer against liabilities.

Cash Flow

VNV Global's cash flow statement indicates fluctuating cash flows with a notable improvement in operating cash flow in 2024. The free cash flow to net income ratio is positive, showing cash generation capability despite net losses. However, the past inconsistency in operating cash flow raises concerns about cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	36.63M	-71.11M	45.29M	-758.29M	86.22M	222.91M
Gross Profit	15.70M	-77.78M	35.82M	-771.72M	77.74M	217.54M
EBITDA	-20.28M	-84.80M	22.72M	-781.69M	64.09M	207.72M
Net Income	-57.16M	-85.14M	22.43M	-782.00M	63.74M	206.93M
Balance Sheet
Total Assets	6.41B	661.01M	824.62M	781.55M	1.55B	1.19B
Cash, Cash Equivalents and Short-Term Investments	670.51M	15.68M	42.49M	66.13M	124.20M	17.72M
Total Debt	849.01M	77.04M	152.12M	164.34M	144.94M	99.06M
Total Liabilities	892.25M	79.62M	158.33M	168.12M	144.94M	108.33M
Stockholders Equity	5.52B	581.39M	666.29M	613.43M	1.40B	1.08B
Cash Flow
Free Cash Flow	-276.94M	46.38M	-29.41M	-80.55M	-191.01M	-104.74M
Operating Cash Flow	-276.94M	46.38M	-29.41M	-80.55M	-191.01M	-104.74M
Investing Cash Flow	845.07M	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-32.54M	-67.82M	4.13M	22.73M	305.20M	105.79M

VNV Global Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 21.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VNV, the sentiment is Neutral. The current price of 21.52 is above the 20-day moving average (MA) of 21.28, below the 50-day MA of 21.86, and above the 200-day MA of 20.26, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 41.79 is Neutral, neither overbought nor oversold. The STOCH value of 16.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:VNV.

VNV Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORES	74 Outperform	kr5.44B	13.73	―	6.23%	-0.22%	-58.80%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SVOL.B	67 Neutral	kr6.23B	13.87	7.83%	0.79%	-25.75%	-27.25%
BURE	58 Neutral	kr17.42B	-3.26	-23.18%	1.13%	22.38%	-153.85%
VNV	53 Neutral	kr2.72B	19.73	2.59%	―	―	―
NAXS	51 Neutral	kr406.61M	-32.31	―	8.78%	―	―
KINV.A	47 Neutral	kr22.86B	184.50	―	―	-97.64%	―

VNV Global Corporate Events

VNV Global Boosts Treasury Stock with New Share Buyback

VNV Global has repurchased 40,636 of its own common shares on the market between 22 and 23 December 2025 at an average price of SEK 21.3179 per share, bringing its total holdings of treasury shares to 2,378,585 out of 130,978,236 outstanding common shares. The transaction modestly increases the proportion of capital returned to shareholders and may signal management’s confidence in the company’s valuation, while slightly reducing the free float in the market.

VNV Global Increases Treasury Share Holdings With December Buyback

VNV Global AB has repurchased 96,149 of its own common shares between 15 and 19 December 2025 at an average price of SEK 21.2038, bringing its total holdings of treasury shares to 2,337,949 out of 130,978,236 shares outstanding. The buyback underscores the company’s ongoing use of share repurchases as a capital allocation tool, potentially signalling management’s confidence in the valuation and offering a modest incremental benefit to remaining shareholders through a reduced free float.

VNV Global Enhances Shareholder Value Through Share Repurchase

VNV Global AB has repurchased 131,839 of its own common shares between December 8 and December 12, 2025, at an average price of SEK 21.2986. This move increases their total number of repurchased shares to 2,241,800, which is part of their strategy to manage share capital effectively and potentially enhance shareholder value.

VNV Global Strengthens Market Position with Share Repurchase

VNV Global AB has repurchased 158,225 of its own common shares between December 1 and December 5, 2025, at an average price of SEK 21.7491, bringing its total repurchased shares to 2,109,961. This move could potentially strengthen the company’s market position and shareholder value by consolidating ownership and demonstrating confidence in its business strategy.

VNV Global Enhances Shareholder Value with Recent Share Repurchase

VNV Global AB has repurchased 45,443 of its own common shares between November 24 and November 28, 2025, at an average price of SEK 21.5850. This strategic move increases the total number of repurchased shares held by the company to 1,951,736, out of a total of 130,978,236 common shares. This repurchase could potentially enhance shareholder value and reflect the company’s confidence in its market position.

VNV Global Repurchases 208,805 Shares

VNV Global has repurchased 208,805 of its own common shares between November 17 and November 21, 2025, at an average price of SEK 21.4426. This move increases the total number of repurchased shares held by the company to 1,906,293, out of a total of 130,978,236 common shares, potentially impacting its stock value and shareholder equity.

VNV Global Secures Final Proceeds from Gett Sale, Boosting Cash Position

VNV Global has confirmed the receipt of the remaining USD 26 million from the sale of Gett, completing the total proceeds of USD 86.7 million. This financial development, along with other recent activities such as the Tise exit and partial bond redemption, has resulted in VNV Global achieving a positive net cash position, which could enhance its operational flexibility and market positioning.

VNV Global Enhances Shareholder Value with Recent Share Repurchase

VNV Global has repurchased 254,431 of its own common shares between October 28 and October 31, 2025, at an average price of SEK 23.2042. This move increases the total number of repurchased shares held by the company to 1,337,137, reflecting a strategic decision to potentially enhance shareholder value and optimize capital structure.

VNV Global Reports Q3 2025 Financials and Strategic Exits

VNV Global AB reported a net asset value of USD 587.09 million as of September 30, 2025, reflecting a slight increase in USD terms but a decrease in SEK due to currency fluctuations. Key developments include the full exit from Gett, partial bond redemption, and the sale of shares in Tise to eBay, which are expected to impact the company’s financial positioning and stakeholder interests.

Voi Reports Strong Q3 2025 Financial Results with Revenue Growth

Voi, a leading European micromobility company and a portfolio company of VNV Global, reported a 34% increase in net revenue for Q3 2025, reaching EUR 57.5 million. The company also achieved a 67% year-over-year growth in cash flow from operating activities, marking an all-time high of EUR 19.8 million, indicating strong operational performance and financial health.

VNV Global Announces Q3 2025 Report Release and Conference

VNV Global has announced the release of its third-quarter report for 2025, scheduled for October 28. The company will host a telephone conference and webcast on the same day, where CEO Per Brilioth will discuss the report and recent developments, providing stakeholders with insights into the company’s performance and strategic direction.