VEND Stock Analysis: VEND MARKETPLACES ASA | OL
Internet Content & Information | OL, Norway | Market Cap: 39.955m NOK | 12M Return: -38.1% | NO0010736879 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 164M
Rev. Trend: -91.4%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.3 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 is a Norwegian-headquartered operator of online classified marketplaces across the Nordic region, with country-specific platforms including FINN.no in Norway, Blocket.se in Sweden, Tori.fi in Finland, and Bilbasen.dk and DBA.dk in Denmark. The company is organized into four segments-Mobility, Real Estate, Jobs, and Recommerce-and has expanded beyond core classifieds into adjacent businesses such as Nettbil, Qasa, AutoVex, and HomeQ. Originally founded in 1839 and previously known as Schibsted ASA, the company rebranded as Vend Marketplaces ASA in May 2025 and is based in Oslo.
The business operates in the Communication Services sector under Internet Content & Information, generating revenue by providing technology platforms that connect buyers and sellers in verticals such as job listings, real estate, vehicles, travel, and consumer goods. Like most classified marketplace operators, its monetization typically relies on listing fees, subscription packages for professional advertisers, and premium placement services rather than transaction commissions on the underlying goods.
- Nordic housing market weakness pressures Real Estate listing volumes
- Mobility segment margins face pressure from private listing platforms
- Capital allocation pivots toward buybacks and bolt-on acquisitions
| 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 October 13, 2026, the stock is trading at NOK 204.40 with a total of 634,742 shares traded. Over the past week, the price has changed by +1.09%, over one month by -13.83%, over three months by -16.37% and over the past year by -38.13%.
Current recommended Stop Loss: 194.50 (which is 4.8% or 1.3 ATR below the current price).
VEND MARKETPLACES ASA has no consensus analysts rating.
P/E Forward = 22.5734
P/S = 6.2982
P/B = 2.8237
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 = 36.3b NOK (40.0b + Debt 534.0m - CCE 4.22b)
Interest Coverage Ratio = 7.93 (Ebit TTM 1.82b / Interest Expense TTM 230.0m)
EV/FCF = 29.13x (Enterprise Value 36.3b / FCF TTM 1.25b)
FCF Yield = 3.43% (FCF TTM 1.25b / Enterprise Value 36.3b)
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 = 1.62 (Enterprise Value 36.3b / 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 = 7.55% (E(40.0b)/V(40.5b) * Re(7.19%) + D(534.0m)/V(40.5b) * Rd(43.07%) * (1-Tc(0.20)))
Discount Rate = 7.19% (= 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 = 142.9 (EV 24.7b - Net Debt -3.69b = Equity 28.4b / Shares 198.6m; 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=1.94 | Chg30d=+6.27% | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=7.14 | Chg30d=-6.09% | Revisions=+25% | GrowthEPS=+640.6% | GrowthRev=+3.4%
EPS next Year (2027-12-31): EPS=10.02 | Chg30d=-1.04% | Revisions=-17% | GrowthEPS=+40.4% | GrowthRev=+11.0%
[Analyst] Revisions Ratio: +12% (up=3, down=2)