VEFAB.ST
Strong BuyUnloved QualityAI neutralVEF AB (publ) · Financial Services · Sweden · $204M
SEK 1.93 -0.5% · close 7 Oct · scored 9 Oct
Unloved Quality: Strong and cheap; the market has not turned yet.
As of 9 Oct 2026, MoatMap's StockRank for VEF AB (publ) (VEFAB.ST) is 80/100: Quality 68, Value 68, Momentum 38, ranked against 24,000+ stocks in 35 markets.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
VEF is a Swedish investment company holding stakes in emerging-market fintech businesses, mainly in Brazil, India and other developing markets. Its shares trade at a discount to the value of its portfolio, and forward earnings estimates were revised up 3.4% in the past month. Its value depends on private-company valuations that are hard to verify and on fintech funding conditions that tighten when US rates stay high.
ABOUT VEF AB (PUBL)
Read
VEF AB is a Swedish investment company that targets high-growth, early-to-mid-stage financial technology (fintech) companies across emerging markets, with a strong focus on Latin America and India. The firm acts as an active, long-term investor, backing market leaders in digital payments, consumer finance, and neo-banking. VEF offers public market investors unique, diversified exposure to the structural shift toward digital financial services in underbanked regions.
FINANCIAL SUMMARY (SEK)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4.3M | 21.8M | -2.9M | -5.3M | 408.1% | — |
| EPS (SEK) | -3.59 | 0.60 | -0.90 | 0.80 | 15.5% | 0.30 |
| Shares | 1.0B | 1.0B | 1.1B | 1.0B | -2.4% | 1.0B |
| Debt | 469.0M | 388.3M | 356.6M | 0 | -12.8% | 245.6M |
| Equity | 3.8B | 4.4B | 3.5B | 4.3B | 4.3% | — |
| Op CF | -478.4M | 240.0M | -42.7M | 257.6M | 3.6% | -28.9M |
| Inv CF | — | — | — | — | — | — |
| Fin CF | 481.4M | -176.8M | -39.8M | -249.1M | — | — |
15% above its 52-week low and back above a rising 50-day average since 7 Oct 2026.
The Momentum score still reads 38: it weighs six months of price and earnings revisions, so it trails a turn like this.
Calmer than 67% of stocks we rank over the past year (32% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of VEFAB.ST are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| VEFAB.ST | VEF AB (publ)(you) | $204M | 80 | Strong Buy |
| TRAC-B.ST | AB Traction | $379M | 83 | Strong Buy |
| ORES.ST | Investment AB Öresund (publ) | $685M | 73 | Buy |
| IDUN-B.ST | Idun Industrier AB (publ) | $360M | 47 | Hold |
| SEAF.ST | Seafire AB (publ) | $57M | 59 | Hold |
| CRED-A.ST | Creades AB | $1.2B | 98 | Strong Buy |
| CAT-B.ST | Catella AB (publ) | $158M | 30 | Sell |
| BURE.ST | Bure Equity AB (publ) | $2.4B | 87 | Strong Buy |
| LINC.ST | Linc AB | $410M | 32 | Sell |
| SVOL-B.ST | Svolder AB (publ) | $610M | 38 | Hold |
Peer medians: ROE 12.7% · P/E 14.1x · Gross margin 88.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.