Vend Marketplaces ASA

VEND.OL

Internet Content & Information · Communication Services

Price

kr 251.80

+3.20 (+1.29%)

Market Cap

kr 51.08B

Exchange

Oslo Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Weak

Cash Flow

Mixed

Stability

Exceptional

Valuation

Data not available

Dividends

Weak

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Share count falling — buybacks

−7.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 234.4M (2021) → 215.8M (2025)

Winston Score History

The full picture

Vend Marketplaces ASA is a Norwegian company that runs online classified advertising platforms — websites where people can buy, sell, and find things like jobs, homes, and used cars. It owns and operates marketplace brands across multiple countries, connecting everyday consumers and businesses with what they are looking for. The company is one of the largest online classifieds groups in the world by market reach.

Vend makes money primarily by charging businesses and private sellers for listings, featured placements, and subscription packages on its platforms. It operates across Europe, Latin America, and other emerging markets, and its scale and brand recognition in each local market create strong network effects — the more users a platform has, the more valuable it becomes to sellers and buyers. The company is currently unprofitable at the operating level, and its main challenge is converting its high-traffic platforms into sustainable earnings growth while facing competition from global tech players and local rivals.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-91.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

kr 0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

26.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

kr 12.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Vend Marketplaces ASA is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

39.5%

Modest — 39.5% gross margin

Profit after running costs

Operating Margin

31.9%

Excellent — 31.9% operating margin

Return on the money invested

ROCE

9.3%

Below par — 9.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

-24.4%

Shrinking sales (-24.4% YoY)

Profit growth

EPS YoY

-213.6%

Earnings shrinking (-213.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

26.3%

Converts sales into free cash efficiently (26.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

0.14

Conservative — low debt load (0.14)

Covers its interest

Interest Cover

8.40x

Comfortably covers interest (8.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

1.89%

Small dividend — 1.89% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

-81.3%

Dividend cut (-81.3% YoY) — warning sign

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