Springvest Oyj (SPRING.he) - Financial summary and valuation
Springvest Oyj

Company Overview

Springvest Oyj is a Finnish investment company that specializes in supporting the growth of technology companies. With a strong focus on innovation and entrepreneurship, Springvest provides financing solutions to help its portfolio companies achieve their full potential.

The company's mission is to create a vibrant ecosystem for technology entrepreneurs, enabling them to develop and commercialize innovative products and services. Springvest achieves this by providing strategic guidance, operational support, and access to capital. Its core values include a commitment to innovation, entrepreneurship, and customer satisfaction.

Springvest's primary product is its investment portfolio, which comprises a diverse range of technology companies. The company's investments are focused on companies with high growth potential, particularly in the fields of software, biotechnology, and clean energy.

The benefits of investing in Springvest include access to a curated portfolio of innovative companies, as well as strategic guidance and operational support. Springvest's investment approach is characterized by a focus on long-term value creation, rather than short-term gains.

Springvest's key services include venture capital investments, strategic partnerships, and operational support. The company also provides access to its extensive network of industry experts and entrepreneurs.

Key Products/Services

Springvest's investment portfolio is the company's primary product, comprising a diverse range of technology companies.

The company's venture capital investments are focused on companies with high growth potential, particularly in the fields of software, biotechnology, and clean energy.

Springvest also provides strategic partnerships and operational support to its portfolio companies, helping them to achieve their full potential.

The company's network of industry experts and entrepreneurs provides valuable access to knowledge, expertise, and connections.

Mission and Core Values

Springvest's mission is to create a vibrant ecosystem for technology entrepreneurs, enabling them to develop and commercialize innovative products and services.

The company's core values include a commitment to innovation, entrepreneurship, and customer satisfaction.

Springvest's vision is to be the leading investment company in Finland, supporting the growth of technology companies and creating value for its investors.

The company's values are reflected in its approach to investing, which prioritizes long-term value creation over short-term gains.

Key Statistics

Springvest Oyj is listed on the Nasdaq Helsinki stock exchange.

The company has a strong track record of investment success, with many of its portfolio companies achieving significant growth and success.

Springvest's investment portfolio comprises over 40 technology companies, covering a range of industries including software, biotechnology, and clean energy.

The company has a total of 13 employees, with a strong focus on operational efficiency and cost-effectiveness.



Valuation

2022 2023 2024 2025 2026 (e) 2027 (e)
Number of Shares (million) 5.5 5.6 5.6 5.6 5.6 5.6
Target Valuation (MEur) 18.0 25.3 22.5 23.1 23.6 23.6
Targer Price 3.28 4.55 4.04 4.15 4.24 4.24
Potential, % -15.9 7.7 -49.2 -39.5 -42.0 -42.0
Recommendation Hold Hold Sell Sell Sell Sell
MCAP (MEur) 21.4 23.5 44.3 38.2 40.7 40.7
Price 3.89 4.22 7.95 6.86 7.31 7.31
EV 21.0 24.0 44.0 38.0 41.0 41.0
P/S 5.64 6.2 6.31 6.41 7.43 7.88
EV/S 5.64 6.2 6.31 6.41 7.43 7.88
EV/EBIT 28.99 43.94 21.81 31.9 29.47 40.67
P/E 36.32 65.12 27.2 40.96 36.97 50.84
P/B 1.31 1.17 2.02 1.7 1.72 1.67
P/OCF -13.4 95.96 22.64 -1232.81 23.16 23.16
EV/OCF -13.4 95.96 22.64 -1232.81 23.16 23.16
P/FCF -12.96 96.22 10.98 338.2 23.16 23.16
EV/FCF -12.96 96.22 10.98 338.2 23.16 23.16

Income Statement

2021 2022 2023 2024 2025 2026 (e) 2027 (e)
Revenue 4.0 3.8 3.8 7.0 6.0 5.5 5.2
Rev. Growth, % 0.0 -5.0 0.0 84.2 -14.3 -8.3 -5.5
Ebit 0.4 0.7 0.5 2.0 1.2 1.4 1.0
Ebit Growth, % 0.0 75.0 -28.6 300.0 -40.0 16.7 -28.6
Ebit, % 10.0 18.4 13.2 28.6 20.0 25.5 19.2
Profit 0.3 0.6 0.4 1.6 0.9 1.1 0.8
EPS 0.05 0.11 0.07 0.29 0.16 0.2 0.14
Profit Growth, % 0.0 100.0 -33.3 300.0 -43.8 22.2 -27.3
Profit, % 7.5 15.8 10.5 22.9 15.0 20.0 15.4

Balance Sheet

2021 2022 2023 2024 2025 2026 (e) 2027 (e)
Inventory 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Acc. Receivable 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cash 6.0 1.6 1.6 3.5 1.7 3.5 5.2
Equity 14.9 16.4 20.0 22.0 22.5 23.6 24.4
ROE, % 2.0 3.7 2.0 7.3 4.0 4.7 3.3
ROCE, % 1.9 3.9 2.3 7.9 5.0 5.2 3.4
Net Debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Gearing, % 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Equity ratio, % 75.5 80.8 80.2 77.9 79.1 82.4 84.1
Acc. Payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Assets 19.8 20.3 25.0 28.2 28.4 28.7 29.0
ROA, % 1.5 3.0 1.6 5.7 3.2 3.8 2.8

Cash Flow

2021 2022 2023 2024 2025 2026 (e) 2027 (e)
Operating Cash Flow -0.5 -1.6 0.2 2.0 -0.0 1.8 1.8
Investment Cash Flow 13.6 -0.1 -0.0 2.1 0.1 0.0 0.0
Free Cash Flow 13.1 -1.6 0.2 4.0 0.1 1.8 1.8
OCF/CAPEX 0.0 0.0 364.04 0.0 0.0 0.0 0.0
Financial Cash Flow -8.0 -2.7 -0.3 -2.2 -1.9 0.0 0.0




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