VEND Stock Analysis: VEND MARKETPLACES ASA | OL
Internet Content & Information | OL, Norway | Market Cap: 45.779m NOK | 12M Return: -41.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 118M
Rev. Trend: -91.4%
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Vend Marketplaces ASA (ticker: VEND) is a Norwegian company that develops and operates online classified marketplaces across the Nordic region, including Norway, Sweden, Finland, and Denmark. The company runs well-known Nordic platforms such as FINN.no, blocket.se, tori.fi, oikotie.fi, bilbasen.dk, and dba.dk, organizing its business into four segments: Mobility, Real Estate, Jobs, and Recommerce. In addition to its core classifieds operations, the company runs adjacent businesses including Nettbil, Qasa, AutoVex, and HomeQ.
The business model centers on technology-driven platforms that connect buyers and sellers across categories such as job listings, real estate, vehicles, travel, and consumer goods. Online classified operators like Vend typically earn revenue through listing fees, subscription packages for professional advertisers, and value-added services, rather than taking a percentage of completed transactions. The company was formerly known as Schibsted ASA and adopted its current name in May 2025; it was founded in 1839 and is headquartered in Oslo.
- Nordic used car market cyclicality drives Mobility revenue and margins
- Real estate listings revenue tracks Nordic housing transaction volumes and rates
- Recommerce segment scales as circular economy adoption accelerates across Nordics
| Net Income: -7.49b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 3.54 > 1.0 |
| NWC/Revenue: 48.30% < 20% (prev 423.7%; Δ -375.4% < -1%) |
| CFO/TA 0.18 > 3% & CFO 3.97b > Net Income -7.49b |
| Net Debt (-3.69b) to EBITDA (2.50b): -1.48 < 3 |
| Current Ratio: 2.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (205.2m) vs 12m ago -8.53% < -2% |
| Gross Margin: 90.68% > 18% (prev 94.18%; Δ -3.50% > 0.5%) |
| Asset Turnover: 16.06% > 50% (prev 14.83%; Δ 1.23% > 0%) |
| Interest Coverage Ratio: 7.93 > 6 (EBIT TTM 1.82b / Interest Expense TTM 230.0m) |
| A: 0.14 (Total Current Assets 5.87b - Total Current Liabilities 2.81b) / Total Assets 22.4b |
| B: 0.52 (Retained Earnings 11.6b / Total Assets 22.4b) |
| C: 0.05 (EBIT TTM 1.82b / Avg Total Assets 39.5b) |
| D: 2.73 (Book Value of Equity 16.4b / Total Liabilities 6.00b) |
| Altman-Z'' = 5.76 = AAA |
| DSRI: 0.44 (Receivables 845.0m/2.53b, Revenue 6.34b/8.39b) |
| GMI: 1.04 (GM 94.18% / 90.68%) |
| AQI: 2.96 (AQ_t 0.72 / AQ_t-1 0.24) |
| SGI: 0.76 (Revenue 6.34b / 8.39b) |
| TATA: -0.51 (NI -7.49b - CFO 3.97b) / TA 22.4b) |
| Beneish M = -2.52 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at NOK 227.00 with a total of 725,852 shares traded. Over the past week, the price has changed by -5.73%, over one month by -4.54%, over three months by -0.86% and over the past year by -41.41%.
Current recommended Stop Loss: 217.30 (which is 4.3% or 1.3 ATR below the current price).
VEND MARKETPLACES ASA has no consensus analysts rating.
P/E Forward = 35.9712
P/S = 7.216
P/B = 2.8551
Revenue TTM = 6.34b NOK
EBIT TTM = 1.82b NOK
EBITDA TTM = 2.50b NOK
Long Term Debt = 1.92b NOK (from longTermDebt, last quarter)
Short Term Debt = 322.0m NOK (from shortLongTermDebt, last quarter)
Debt = 534.0m NOK (Leases only: 534.0m)
Net Debt = -3.69b NOK (calculated: Debt 534.0m - CCE 4.22b)
Enterprise Value = 42.1b NOK (45.8b + Debt 534.0m - CCE 4.22b)
Interest Coverage Ratio = 7.93 (Ebit TTM 1.82b / Interest Expense TTM 230.0m)
EV/FCF = 33.81x (Enterprise Value 42.1b / FCF TTM 1.25b)
FCF Yield = 2.96% (FCF TTM 1.25b / Enterprise Value 42.1b)
FCF Margin = 19.62% (FCF TTM 1.25b / Revenue TTM 6.34b)
Net Margin = -118.0% (Net Income TTM -7.49b / Revenue TTM 6.34b)
Gross Margin = 90.68% ((Revenue TTM 6.34b - Cost of Revenue TTM 591.0m) / Revenue TTM)
Gross Margin QoQ = 91.51% (prev 91.19%)
Tobins Q-Ratio = 1.88 (Enterprise Value 42.1b / Total Assets 22.4b)
Interest Expense / Debt = 43.07% (Interest Expense 230.0m / Debt 534.0m)
Taxrate = 20.16% (104.0m / 516.0m)
NOPAT = 1.46b (EBIT 1.82b * (1 - 20.16%))
Current Ratio = 2.09 (Total Current Assets 5.87b / Total Current Liabilities 2.81b)
Debt / Equity = 0.03 (Debt 534.0m / totalStockholderEquity, last quarter 16.4b)
Debt / EBITDA = -1.48 (Net Debt -3.69b / EBITDA 2.50b)
Debt / FCF = -2.96 (Net Debt -3.69b / FCF TTM 1.25b)
Total Stockholder Equity = 21.5b (last 4 quarters mean from totalStockholderEquity)
RoA = -18.96% (Net Income -7.49b / Total Assets 22.4b)
RoE = -34.77% (Net Income TTM -7.49b / Total Stockholder Equity 21.5b)
RoCE = 7.77% (EBIT 1.82b / Capital Employed (Equity 21.5b + L.T.Debt 1.92b))
RoIC = 7.54% (NOPAT 1.46b / Invested Capital 19.3b)
WACC = 7.70% (E(45.8b)/V(46.3b) * Re(7.39%) + D(534.0m)/V(46.3b) * Rd(43.07%) * (1-Tc(0.20)))
Discount Rate = 7.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -16.96 | Cagr: -1.40%
[DCF] Terminal Value 76.64% ; FCFF base≈1.20b ; Y1≈1.30b ; Y5≈1.61b
[DCF] Fair Price = 139.5 (EV 24.7b - Net Debt -3.69b = Equity 28.4b / Shares 203.5m; r=8.35% [WACC [floored]]; 5y FCF grow 9.79% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -91.36 | Revenue CAGR: -18.54% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.93 | Chg30d=-5.66% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=7.90 | Chg30d=+6.41% | Revisions=-40% | GrowthEPS=+698.4% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=10.34 | Chg30d=-1.28% | Revisions=-17% | GrowthEPS=+30.9% | GrowthRev=+11.8%
[Analyst] Revisions Ratio: -44% (up=1, down=5)