Added to YB: 2025-10-31
Pitch date: 2025-10-29
VENDA.OL [bullish]
Vend Marketplaces ASA
-18.07%
current return
Author Info
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Company Info
Vend Marketplaces ASA, together with its subsidiaries, develops and operates various marketplaces in Sweden, Norway, Denmark, Finland, and Poland.
Market Cap
NOK 68.3B
Pitch Price
NOK 352.00
Price Target
544.00 (+89%)
Dividend
0.75%
EV/EBITDA
44.95
P/E
46.25
EV/Sales
8.33
Sector
Interactive Media and Services
Category
value
Vend Marketplaces (VEND): It's Payback Time
VENDA.OL: Nordic classifieds pure-play post-simplification, trades at discount to peers despite #1-2 positions across verticals. Under-monetized assets w/ pricing power (RE only 5-6% of vendor marketing spend). 14% Adevinta stake worth ~NOK 147/share (~42% market cap) as Permira breaks up assets. 15% IRR target over 3yrs at 20x EBITDA.
Read full article (7 min)