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Springvest

10.35 EUR

+3.71 %

1,077 following
Corporate customer

SPRING

First North Finland

Financial Services

Financials

+3.71 %
+50.87 %
+45.77 %
+49.57 %
+49.14 %
+37.09 %
+123.06 %
-
+17.98 %

Springvest operates in the financial services industry. The company operates as a manager and organizer of public issues for previously unlisted growth companies. The company provides financing and opportunities to invest in unlisted shares. The operations are conducted primarily in Finland. Springvest was founded in 2012 and is headquartered in Helsinki.

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Market cap
57.66M EUR
Turnover
327.02K EUR
P/E (adj.) (25e)
68.89
EV/EBIT (adj.) (25e)
55.28
P/B (25e)
2.08
EV/S (25e)
9.77
Dividend yield-% (25e)
1.45 %
Coverage
Recommendation
Sell
Target price
9.50 EUR
Updated
15.01.2026
Disclaimer
Kasper Mellas
Kasper Mellas

Analyst

Latest research

Latest analysis report

Released: 16.01.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
11.2
2026

Annual report '25

11.3
2026

General meeting '26

26.8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
Coverage just shifted to Kasper, but as the previous analyst, I’ll chime in from the sidelines to say that Springvest doesn’t really need capital for practically anything, and therefore, a generous profit distribution is very much justified. Springvest receives stakes in companies...
1/19/2026, 8:11 AM
by Antti Luiro
12
Amidst all the speculation and media attention surrounding Donut Lab, it’s good to remember that Springvest has over 40 other companies in its portfolio. Furthermore, in my estimation, the majority of the company’s value consists of future funding rounds (option fees and, to a lesser...
23 hours ago
by Kasper Mellas
8
Nordic Nano Group originally went public with news like this. At that stage, it was still looking for a funder: Finnish company invented an alternative to dangerous lithium batteries – we found out what it’s like | Domestic | Yle Last autumn, it was then announced that a funder had...
14 hours ago
by Jyvis
5
Thanks! How would brokering unlisted shares suit Springvest, in the same way Privanet used to? It seems like quite a painstaking business; I’m not sure what the liquidity of these unlisted shares is like (of course, it’s company-specific) and what kind of liability the broker has...
1/21/2026, 6:06 AM
by BjörnThunder
5
As someone with some knowledge of the subject (read: a great deal), I would argue that there are mainly three reasons why Springvest does not get involved in this: To act as a broker, the bureaucracy, collateral requirements, and risks are in a completely different league compared...
1/21/2026, 8:33 AM
by excolo
3
As I understand it, it is also still unclear who ultimately owns the intellectual property rights to this “battery”. Is the owner Nordic Nano, in which Donut Lab is a minority shareholder, or has even Nordic Nano just licensed the technology from a third party? In my view, Donut ...
1/19/2026, 11:41 AM
3
It’s a bit of a funny situation that many may have sold based on a sell recommendation justified by uncertainty regarding Donut Lab technology. In my opinion, everything points to it being a major breakthrough, but the size of Springvest’s ownership and its terms are uncertain. I...
1/19/2026, 11:28 AM
by Jobbe
2
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