VEF - Public Comps and Valuation Multiples

VEF Overview

About VEF

VEF AB is an investment company. It invests in growth-stage private fintech companies. It focuses on scaling emerging markets and invests across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors.

Founded

2020

HQ

Employees

Website

vef.vc

Sectors

Asset Management
Private Equity

Financials

Last FY Revenue -$31K

Last FY EBITDA -$8.6M

EV

$253M

Valuation Multiples

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VEF Financials

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VEF P&L

In the most recent fiscal year, VEF reported revenue of -$31K and EBITDA of -$8.6M.

VEF expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	XXX	-$31K	XXX	XXX	XXX
Gross Profit	XXX	-$0.3M	XXX	XXX	XXX
Gross Margin	XXX	860%	XXX	XXX	XXX
EBITDA	XXX	-$8.6M	XXX	XXX	XXX
EBITDA Margin	XXX	28172%	XXX	XXX	XXX
EBIT	XXX	-$8.9M	XXX	XXX	XXX
EBIT Margin	XXX	29092%	XXX	XXX	XXX
Net Profit	XXX	-$9.5M	XXX	XXX	XXX
Net Margin	XXX	30987%	XXX	XXX	XXX
Net Debt	XXX	$2.8M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for VEF including revenue, profitability, and margin analysis across different time periods. In the most recent fiscal year, VEF achieved -$31K in revenue and -$8.6M in EBITDA.
Financial Metric	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	Analyst estimates available to subscribers	-$31K	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	Analyst estimates available to subscribers	-$0.3M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	Analyst estimates available to subscribers	860.3% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	Analyst estimates available to subscribers	-$8.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	Analyst estimates available to subscribers	28171.7% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	Analyst estimates available to subscribers	-$8.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	Analyst estimates available to subscribers	29091.7% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	Analyst estimates available to subscribers	-$9.5M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	Analyst estimates available to subscribers	30987.2% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	$2.8M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for VEF

This financial data table provides comprehensive performance metrics for VEF, a company based in Sweden. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Fiscal Year Performance

In the most recent fiscal year, VEF reported -$31K in total revenue.
Fiscal year EBITDA was -$8.6M.
The company maintained a gross profit margin of 860.3% in the most recent fiscal year.
EBITDA margin for the fiscal year was 28171.7%.
Net profit margin reached 30987.2% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for VEF. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

VEF Stock Performance

VEF has current market cap of SEK 2.3B (or $243M), and EV of SEK 2.4B (or $253M).

Market Cap Evolution

VEF Stock Data

As of October 17, 2025, VEF's stock price is SEK 2 (or $0).

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$253M	$243M	XXX	XXX	XXX	XXX	n/a

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VEF Valuation Multiples

VEF's trades at -8280.4x EV/Revenue multiple, and -29.4x EV/EBITDA.

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VEF Financial Valuation Multiples

As of October 17, 2025, VEF has market cap of $243M and EV of $253M.

Equity research analysts estimate VEF's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

VEF's P/E ratio is not available.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$243M	XXX	$243M	XXX	XXX	XXX
EV (current)	$253M	XXX	$253M	XXX	XXX	XXX
EV/Revenue	n/a	XXX	-8280.4x	XXX	XXX	XXX
EV/EBITDA	n/a	XXX	-29.4x	XXX	XXX	XXX
EV/EBIT	n/a	XXX	-28.5x	XXX	XXX	XXX
EV/Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
P/E	n/a	XXX	-25.7x	XXX	XXX	XXX
EV/FCF	n/a	XXX	-560.5x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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VEF Margins & Growth Rates

VEF's revenue per employee in the last FY averaged -$4K, while opex per employee averaged $1.1M for the same period.

VEF's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

VEF's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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VEF Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	28172%	XXX	XXX	XXX
EBITDA Growth	n/a	XXX	n/a	XXX	XXX	XXX
Rule of 40	n/a	XXX	n/a	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	n/a	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	-$4K	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$1.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	-28231%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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VEF Public Comps

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	EV/Revenue			EV/EBITDA
	2025E	2026E	2027E	2025E	2026E	2027E
Investcorp Capital	XXX	XXX	XXX	XXX	XXX	XXX
Waha Capital	XXX	XXX	XXX	XXX	XXX	XXX
ASR Nederland	XXX	XXX	XXX	XXX	XXX	XXX
CVC Capital Partners	XXX	XXX	XXX	XXX	XXX	XXX
Eurocommercial Props	XXX	XXX	XXX	XXX	XXX	XXX
XXXXXXXX	XXX	XXX	XXX	XXX	XXX	XXX
XXXXXXXX	XXX	XXX	XXX	XXX	XXX	XXX

Valuation data powered by FactSet, Inc.

VEF M&A and Investment Activity

VEF acquired XXX companies to date.

Last acquisition by VEF was XXXXXXXX, XXXXX XXXXX XXXXXX . VEF acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).

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Latest Acquisitions by VEF

Acquired Company	EV	EV/Revenue	EV/EBITDA
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX
XXXXXXXXX	XXX	XXX	XXX

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About VEF

When was VEF founded?	VEF was founded in 2020.
Where is VEF headquartered?	VEF is headquartered in Sweden.
How many employees does VEF have?	As of today, VEF has 8 employees.
Who is the CEO of VEF?	VEF's CEO is Mr. David Nangle.
Is VEF publicy listed?	Yes, VEF is a public company listed on STO.
What is the stock symbol of VEF?	VEF trades under VEFAB ticker.
When did VEF go public?	VEF went public in 2021.
Who are competitors of VEF?	Similar companies to VEF include e.g. Investcorp Capital, Waha Capital, ASR Nederland, CVC Capital Partners.
What is the current market cap of VEF?	VEF's current market cap is $243M
Is VEF profitable?	Yes, VEF is EBITDA-positive (as of the last 12 months).

VEF Valuation Multiples

Discover revenue and EBITDA valuation multiples for VEF and similar public comparables like Eurocommercial Props, CVC Capital Partners, and ASR Nederland.

VEF Overview

About VEF

Founded

HQ

Employees

Website

Sectors

Financials

EV

Valuation Multiples

Valuation Multiples for 15K+ Public Comps

VEF Financials

VEF P&L

Financial Performance Summary for VEF

Fiscal Year Performance

VEF Stock Performance

Market Cap Evolution

VEF Stock Data

Benchmark Trading Valuation Multiples by Industry

VEF Valuation Multiples

EV/Revenue (LTM) Evolution

VEF Financial Valuation Multiples

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VEF Margins & Growth Rates

VEF Operational Valuation Multiples

Valuation Multiples Across 220+ Verticals

VEF Public Comps

VEF M&A and Investment Activity

Latest Acquisitions by VEF

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About VEF

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