Upcoming Dividend • May 27
Upcoming dividend of €1.42 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 17 June 2026. Payout ratio is a comfortable 64% and the cash payout ratio is 90%. Trailing yield: 3.8%. Lower than top quartile of Spanish dividend payers (5.5%). In line with average of industry peers (3.5%). Reported Earnings • Apr 26
First quarter 2026 earnings released First quarter 2026 results: EPS: €0.73. Revenue: €305.3m (flat on 1Q 2025). Net income: €33.7m (up 7.4% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Food industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Viscofan, S.A., Annual General Meeting, Apr 23, 2026 Viscofan, S.A., Annual General Meeting, Apr 23, 2026. Location: hotel tres reyes, calle taconera 1, pamplona., Spain Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: €3.50 (vs €3.45 in FY 2024) Full year 2025 results: EPS: €3.50 (up from €3.45 in FY 2024). Revenue: €1.25b (up 4.0% from FY 2024). Net income: €159.9m (up 1.8% from FY 2024). Profit margin: 13% (in line with FY 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Viscofan, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026 Viscofan, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026 Upcoming Dividend • Nov 13
Upcoming dividend of €1.13 per share Eligible shareholders must have bought the stock before 20 November 2025. Payment date: 04 December 2025. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Within top quartile of Spanish dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • Oct 24
Third quarter 2025 earnings released Third quarter 2025 results: EPS: €0.85. Revenue: €323.7m (up 5.9% from 3Q 2024). Net income: €38.9m (up 3.7% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Food industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Oct 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (4.2% average weekly change). Announcement • Sep 23
Viscofan, S.A. to Report Q3, 2025 Results on Oct 23, 2025 Viscofan, S.A. announced that they will report Q3, 2025 results After-Market on Oct 23, 2025 Declared Dividend • Sep 22
First half dividend of €1.13 announced Shareholders will receive a dividend of €1.13. Ex-date: 20th November 2025 Payment date: 4th December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €311.9m (up 2.8% from 2Q 2024). Net income: €38.4m (up 3.1% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Food industry in Europe. Announcement • Jul 07
Viscofan, S.A. to Report First Half, 2025 Results on Jul 30, 2025 Viscofan, S.A. announced that they will report first half, 2025 results on Jul 30, 2025 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Veronica Pascual Boe was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 02
Dividend of €1.34 announced Shareholders will receive a dividend of €1.34. Ex-date: 15th May 2025 Payment date: 29th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: €3.45 (vs €3.05 in FY 2023) Full year 2024 results: EPS: €3.45 (up from €3.05 in FY 2023). Revenue: €1.20b (down 1.8% from FY 2023). Net income: €157.0m (up 11% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Buy Or Sell Opportunity • Apr 29
Now 23% undervalued Over the last 90 days, the stock has risen 1.8% to €62.60. The fair value is estimated to be €81.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period. Announcement • Mar 29
Viscofan, S.A. to Report Q1, 2025 Results on Apr 28, 2025 Viscofan, S.A. announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Mar 19
Viscofan, S.A., Annual General Meeting, Apr 28, 2025 Viscofan, S.A., Annual General Meeting, Apr 28, 2025. Location: hotel tres reyes, calle taconera 1, pamplona., Spain Buy Or Sell Opportunity • Mar 13
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €61.00. The fair value is estimated to be €77.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Reported Earnings • Feb 28
Full year 2024 earnings released Full year 2024 results: Revenue: €1.22b (flat on FY 2023). Net income: €157.0m (up 11% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Europe. Announcement • Jan 29
Viscofan, S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025 Viscofan, S.A. announced that they will report fiscal year 2024 results on Feb 27, 2025 Upcoming Dividend • Nov 15
Upcoming dividend of €1.13 per share Eligible shareholders must have bought the stock before 22 November 2024. Payment date: 06 December 2024. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 4.9%. Lower than top quartile of Spanish dividend payers (5.6%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • Oct 30
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €60.80. The fair value is estimated to be €77.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Reported Earnings • Oct 24
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.82. Revenue: €305.7m (up 2.7% from 3Q 2023). Net income: €37.5m (down 1.2% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Europe. Buy Or Sell Opportunity • Oct 09
Now 20% undervalued Over the last 90 days, the stock has risen 1.0% to €60.20. The fair value is estimated to be €75.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Announcement • Sep 24
Viscofan, S.A. to Report Q3, 2024 Results on Oct 23, 2024 Viscofan, S.A. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Buy Or Sell Opportunity • Sep 11
Now 20% undervalued Over the last 90 days, the stock has risen 1.5% to €61.40. The fair value is estimated to be €76.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Reported Earnings • Jul 31
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €306.4m (down 4.1% from 2Q 2023). Net income: €37.2m (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Europe. Announcement • Jul 30
Viscofan, S.A. to Report First Half, 2024 Results on Jul 30, 2024 Viscofan, S.A. announced that they will report first half, 2024 results on Jul 30, 2024 Buy Or Sell Opportunity • Jul 02
Now 20% undervalued Over the last 90 days, the stock has risen 5.0% to €60.90. The fair value is estimated to be €76.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 9.6% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Buy Or Sell Opportunity • May 29
Now 21% undervalued Over the last 90 days, the stock has risen 13% to €59.10. The fair value is estimated to be €74.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 10.0% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Declared Dividend • May 16
Dividend of €1.29 announced Shareholders will receive a dividend of €1.29. Ex-date: 28th May 2024 Payment date: 24th June 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) nor is it covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 8.8% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • Apr 30
Now 20% undervalued Over the last 90 days, the stock has risen 10% to €59.70. The fair value is estimated to be €74.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 10.0% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Reported Earnings • Apr 18
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.69. Revenue: €292.1m (down 5.6% from 1Q 2023). Net income: €31.6m (up 22% from 1Q 2023). Profit margin: 11% (up from 8.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 23
Viscofan, S.A. to Report Q1, 2024 Results on Apr 17, 2024 Viscofan, S.A. announced that they will report Q1, 2024 results After-Market on Apr 17, 2024 Announcement • Mar 09
Viscofan, S.A., Annual General Meeting, Apr 17, 2024 Viscofan, S.A., Annual General Meeting, Apr 17, 2024, at 12:00 Central European Standard Time. Location: Hotel Tres Reyes in Pamplona, Calle Taconera 1 Pamplona Spain Agenda: To consider items relating to the financial statements, the statement of non- financial information and company management; to consider items relating to the allocation of results and shareholder remuneration; to consider item relating to the re-election of the company's statutory auditor; and to transact such other business matters. Reported Earnings • Mar 03
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: €1.24b (up 3.3% from FY 2022). Net income: €141.0m (up 1.1% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 1.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Europe. Upcoming Dividend • Dec 11
Upcoming dividend of €1.13 per share at 3.4% yield Eligible shareholders must have bought the stock before 18 December 2023. Payment date: 20 December 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Spanish dividend payers (5.9%). Higher than average of industry peers (2.8%). Reported Earnings • Oct 31
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.82. Revenue: €297.7m (down 2.5% from 3Q 2022). Net income: €37.9m (down 5.7% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Food industry in Europe. Announcement • Oct 05
Viscofan, S.A. to Report Q3, 2023 Results on Oct 30, 2023 Viscofan, S.A. announced that they will report Q3, 2023 results Pre-Market on Oct 30, 2023 Buying Opportunity • Jul 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be €75.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.0%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Announcement • Jun 27
Viscofan, S.A. to Report First Half, 2023 Results on Jul 27, 2023 Viscofan, S.A. announced that they will report first half, 2023 results on Jul 27, 2023 Buying Opportunity • Jun 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be €76.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.0%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Upcoming Dividend • May 30
Upcoming dividend of €0.44 per share at 3.1% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Spanish dividend payers (5.9%). Higher than average of industry peers (2.6%). Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: EPS: €0.56. Revenue: €309.4m (up 18% from 1Q 2022). Net income: €25.8m (down 6.1% from 1Q 2022). Profit margin: 8.3% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Europe. Reported Earnings • Mar 01
Full year 2022 earnings released Full year 2022 results: Revenue: €1.21b (up 25% from FY 2021). Net income: €139.4m (up 4.8% from FY 2021). Profit margin: 12% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Europe. Announcement • Jan 27
Viscofan, S.A. to Report Fiscal Year 2022 Results on Feb 28, 2023 Viscofan, S.A. announced that they will report fiscal year 2022 results After-Market on Feb 28, 2023 Upcoming Dividend • Dec 13
Upcoming dividend of €1.13 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 22 December 2022. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Spanish dividend payers (6.0%). In line with average of industry peers (2.7%). Reported Earnings • Oct 22
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €0.87. Revenue: €306.7m (up 25% from 3Q 2021). Net income: €40.2m (up 13% from 3Q 2021). Profit margin: 13% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Jul 30
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: €311.5m (up 31% from 2Q 2021). Net income: €37.4m (up 10% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 5.1%, compared to a 8.1% growth forecast for the industry in Spain. Upcoming Dividend • May 24
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Spanish dividend payers (5.4%). Higher than average of industry peers (2.5%). Reported Earnings • May 01
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: €0.59. Revenue: €262.9m (up 15% from 1Q 2021). Net income: €27.5m (down 8.9% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 6.1%, compared to a 7.7% growth forecast for the industry in Spain. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Director Carmen de Redondo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director Carmen de Redondo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €980.4m (up 7.5% from FY 2020). Net income: €133.0m (up 8.6% from FY 2020). Profit margin: 14% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.6%, compared to a 6.5% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 