View Past PerformanceViscom バランスシートの健全性財務の健全性 基準チェック /26Viscomの総株主資本は€44.0M 、総負債は€23.9Mで、負債比率は54.2%となります。総資産と総負債はそれぞれ€90.6Mと€46.6Mです。主要情報54.20%負債資本比率€23.86m負債インタレスト・カバレッジ・レシオn/a現金€3.91mエクイティ€44.02m負債合計€46.63m総資産€90.65m財務の健全性に関する最新情報分析記事 • Aug 15Viscom (ETR:V6C) Is Carrying A Fair Bit Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jan 26Does Viscom (ETR:V6C) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Sep 30We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Feb 23We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Jun 28Here's Why Viscom (ETR:V6C) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...すべての更新を表示Recent updatesBuy Or Sell Opportunity • 11hNow 22% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €5.34. The fair value is estimated to be €4.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.分析記事 • May 07Is Now The Time To Look At Buying Viscom SE (ETR:V6C)?While Viscom SE ( ETR:V6C ) might not have the largest market cap around , it saw a significant share price rise of 36...お知らせ • Apr 25Viscom SE, Annual General Meeting, Jun 05, 2026Viscom SE, Annual General Meeting, Jun 05, 2026, at 10:00 W. Europe Standard Time.New Risk • Apr 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (€33.8m market cap, or US$38.9m).Reported Earnings • Apr 02Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: €0.61 loss per share (improved from €1.06 loss in FY 2024). Revenue: €83.1m (down 1.2% from FY 2024). Net loss: €5.43m (loss narrowed 43% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 126%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.New Risk • Feb 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.2% 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 Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (€38.6m market cap, or US$45.5m).Price Target Changed • Feb 09Price target decreased by 9.1% to €5.85Down from €6.43, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €4.60. Stock is up 25% over the past year. The company is forecast to post earnings per share of €0.045 next year compared to a net loss per share of €1.06 last year.お知らせ • Nov 17+ 3 more updatesViscom SE to Report Nine Months, 2026 Results on Nov 12, 2026Viscom SE announced that they will report nine months, 2026 results on Nov 12, 2026Reported Earnings • Nov 14Third quarter 2025 earnings released: €0.18 loss per share (vs €0.099 loss in 3Q 2024)Third quarter 2025 results: €0.18 loss per share (further deteriorated from €0.099 loss in 3Q 2024). Revenue: €17.7m (down 19% from 3Q 2024). Net loss: €1.59m (loss widened 81% from 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.分析記事 • Oct 28The Market Lifts Viscom SE (ETR:V6C) Shares 36% But It Can Do MoreViscom SE ( ETR:V6C ) shares have had a really impressive month, gaining 36% after a shaky period beforehand. The last...Buy Or Sell Opportunity • Sep 10Now 21% overvaluedOver the last 90 days, the stock has fallen 8.3% to €4.40. The fair value is estimated to be €3.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 18Second quarter 2025 earnings released: €0.04 loss per share (vs €0.25 loss in 2Q 2024)Second quarter 2025 results: €0.04 loss per share (improved from €0.25 loss in 2Q 2024). Revenue: €19.7m (down 13% from 2Q 2024). Net loss: €374.0k (loss narrowed 83% from 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.分析記事 • Aug 15Viscom (ETR:V6C) Is Carrying A Fair Bit Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Price Target Changed • Jun 17Price target increased by 14% to €6.80Up from €5.95, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €5.30. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.11 next year compared to a net loss per share of €1.06 last year.New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% 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 Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€42.6m market cap, or US$49.0m).分析記事 • May 28Even With A 27% Surge, Cautious Investors Are Not Rewarding Viscom SE's (ETR:V6C) Performance CompletelyViscom SE ( ETR:V6C ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...Price Target Changed • May 26Price target decreased by 16% to €5.95Down from €7.05, the current price target is an average from 2 analysts. New target price is 64% above last closing price of €3.62. Stock is down 21% over the past year. The company is forecast to post earnings per share of €0.11 next year compared to a net loss per share of €1.06 last year.Reported Earnings • May 20First quarter 2025 earnings released: €0.03 loss per share (vs €0.22 loss in 1Q 2024)First quarter 2025 results: €0.03 loss per share (improved from €0.22 loss in 1Q 2024). Revenue: €20.3m (up 8.7% from 1Q 2024). Net loss: €266.0k (loss narrowed 86% from 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.お知らせ • Apr 28Viscom SE, Annual General Meeting, Jun 06, 2025Viscom SE, Annual General Meeting, Jun 06, 2025, at 10:00 W. Europe Standard Time.Reported Earnings • Mar 27Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: €1.06 loss per share (down from €0.34 profit in FY 2023). Revenue: €85.8m (down 28% from FY 2023). Net loss: €9.44m (down 411% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.分析記事 • Feb 07What Viscom SE's (ETR:V6C) P/S Is Not Telling YouIt's not a stretch to say that Viscom SE's ( ETR:V6C ) price-to-sales (or "P/S") ratio of 0.3x right now seems quite...New Risk • Dec 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€29.9m market cap, or US$31.4m).お知らせ • Dec 03+ 3 more updatesViscom SE to Report Nine Months, 2025 Results on Nov 13, 2025Viscom SE announced that they will report nine months, 2025 results on Nov 13, 2025New Risk • Nov 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Market cap is less than US$100m (€29.0m market cap, or US$30.5m).分析記事 • Nov 02What Viscom SE's (ETR:V6C) P/S Is Not Telling YouThere wouldn't be many who think Viscom SE's ( ETR:V6C ) price-to-sales (or "P/S") ratio of 0.2x is worth a mention...New Risk • Nov 02New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€27.1m market cap, or US$29.4m).分析記事 • Oct 08Viscom (ETR:V6C) Has Some Difficulty Using Its Capital EffectivelyWhat underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of...Major Estimate Revision • Aug 25Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.553 to -€0.628 per share. Revenue forecast of €83.7m unchanged since last update. Electronic industry in Germany expected to see average net income growth of 33% next year. Consensus price target down from €7.05 to €6.80. Share price fell 2.1% to €3.68 over the past week.Price Target Changed • Aug 09Price target decreased by 18% to €7.05Down from €8.55, the current price target is an average from 2 analysts. New target price is 90% above last closing price of €3.71. Stock is down 58% over the past year. The company is forecast to post a net loss per share of €0.38 compared to earnings per share of €0.34 last year.Reported Earnings • Aug 09Second quarter 2024 earnings released: €0.25 loss per share (vs €0.02 loss in 2Q 2023)Second quarter 2024 results: €0.25 loss per share (further deteriorated from €0.02 loss in 2Q 2023). Revenue: €23.0m (down 11% from 2Q 2023). Net loss: €2.22m (loss widened €2.00m from 2Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings.分析記事 • Jul 25Calculating The Intrinsic Value Of Viscom SE (ETR:V6C)Key Insights The projected fair value for Viscom is €3.71 based on 2 Stage Free Cash Flow to Equity Current share price...Major Estimate Revision • Jun 13Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €94.5m to €83.7m. Forecast loss of -€0.322, down from profit of €0.013 per share profit previously. Electronic industry in Germany expected to see average net income growth of 13% next year. Consensus price target down from €8.55 to €8.05. Share price fell 3.9% to €4.63 over the past week.分析記事 • May 30We Think That There Are More Issues For Viscom (ETR:V6C) Than Just Sluggish EarningsThe market wasn't impressed with the soft earnings from Viscom AG ( ETR:V6C ) recently. We did some further digging and...Price Target Changed • May 28Price target decreased by 25% to €8.55Down from €11.45, the current price target is an average from 2 analysts. New target price is 81% above last closing price of €4.72. Stock is down 54% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.34 last year.Upcoming Dividend • May 23Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.8%).分析記事 • Apr 25Viscom (ETR:V6C) Is Paying Out Less In Dividends Than Last YearViscom AG ( ETR:V6C ) is reducing its dividend from last year's comparable payment to €0.05 on the 3rd of June. This...Major Estimate Revision • Apr 16Consensus EPS estimates increase by 15%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €109.8m to €104.6m. EPS estimate rose from €0.253 to €0.29. Net income forecast to shrink 22% next year vs 2.6% growth forecast for Electronic industry in Germany . Consensus price target down from €11.45 to €10.90. Share price fell 5.1% to €5.22 over the past week.分析記事 • Apr 04Viscom (ETR:V6C) Has Announced That Its Dividend Will Be Reduced To €0.05Viscom AG ( ETR:V6C ) has announced that on 3rd of June, it will be paying a dividend of€0.05, which a reduction from...Reported Earnings • Mar 27Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: €0.34 (down from €0.60 in FY 2022). Revenue: €120.8m (up 14% from FY 2022). Net income: €3.04m (down 44% from FY 2022). Profit margin: 2.5% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.分析記事 • Mar 01Benign Growth For Viscom AG (ETR:V6C) Underpins Stock's 28% PlummetThe Viscom AG ( ETR:V6C ) share price has fared very poorly over the last month, falling by a substantial 28%. The drop...Declared Dividend • Feb 29Dividend reduced to €0.05Dividend of €0.05 is 83% lower than last year. Ex-date: 30th May 2024 Payment date: 3rd June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Feb 29Is Viscom AG (ETR:V6C) Potentially Undervalued?Viscom AG ( ETR:V6C ), is not the largest company out there, but it received a lot of attention from a substantial...New Risk • Feb 28New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€56.0m market cap, or US$60.5m).Buy Or Sell Opportunity • Feb 28Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to €6.30. The fair value is estimated to be €8.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 68% in the next 2 years.お知らせ • Dec 06+ 4 more updatesViscom AG to Report Fiscal Year 2023 Results on Mar 26, 2024Viscom AG announced that they will report fiscal year 2023 results on Mar 26, 2024Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: €0.13 (vs €0.05 in 3Q 2022)Third quarter 2023 results: EPS: €0.13 (up from €0.05 in 3Q 2022). Revenue: €31.0m (up 40% from 3Q 2022). Net income: €1.18m (up 131% from 3Q 2022). Profit margin: 3.8% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Sep 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €10.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 85% in the next 2 years.Buying Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €10.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 85% in the next 2 years.New Risk • Aug 14New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€79.1m market cap, or US$86.6m).Reported Earnings • Aug 13Second quarter 2023 earnings released: €0.02 loss per share (vs €0.06 profit in 2Q 2022)Second quarter 2023 results: €0.02 loss per share (down from €0.06 profit in 2Q 2022). Revenue: €26.2m (up 9.0% from 2Q 2022). Net loss: €220.0k (down 142% from profit in 2Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 01What Is Viscom AG's (ETR:V6C) Share Price Doing?Viscom AG ( ETR:V6C ), is not the largest company out there, but it saw a decent share price growth in the teens level...Upcoming Dividend • May 25Upcoming dividend of €0.30 per share at 3.0% yieldEligible shareholders must have bought the stock before 01 June 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.5%).分析記事 • Apr 13Rainbows and Unicorns: Viscom AG (ETR:V6C) Analysts Just Became A Lot More OptimisticShareholders in Viscom AG ( ETR:V6C ) may be thrilled to learn that the analysts have just delivered a major upgrade to...Price Target Changed • Apr 12Price target increased by 7.5% to €14.25Up from €13.25, the current price target is an average from 2 analysts. New target price is 45% above last closing price of €9.80. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of €0.43 for next year compared to €0.29 last year.Major Estimate Revision • Apr 12Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from €101.0m to €115.0m. EPS estimate increased from €0.549 to €0.705 per share. Net income forecast to grow 119% next year vs 4.8% growth forecast for Electronic industry in Germany. Consensus price target up from €13.25 to €14.25. Share price rose 4.8% to €9.80 over the past week.分析記事 • Jan 26Does Viscom (ETR:V6C) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.55, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Electronic industry in Germany. Total returns to shareholders of 6.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.94 per share.お知らせ • Dec 07+ 4 more updatesViscom AG, Annual General Meeting, May 31, 2023Viscom AG, Annual General Meeting, May 31, 2023. Location: Altes Rathaus Hanover Germany分析記事 • Dec 03Viscom (ETR:V6C) Is Reinvesting At Lower Rates Of ReturnIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Major Estimate Revision • Oct 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €92.0m to €95.4m. EPS estimate fell from €0.51 to €0.44 per share. Net income forecast to grow 79% next year vs 23% growth forecast for Electronic industry in Germany. Consensus price target of €13.25 unchanged from last update. Share price rose 3.3% to €8.12 over the past week.分析記事 • Sep 30We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: €0.06 (vs €0.07 in 2Q 2021)Second quarter 2022 results: EPS: €0.06 (down from €0.07 in 2Q 2021). Revenue: €24.7m (up 34% from 2Q 2021). Net income: €519.0k (down 23% from 2Q 2021). Profit margin: 2.1% (down from 3.6% in 2Q 2021). Over the next year, revenue is forecast to grow 7.0%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Price Target Changed • Jun 09Price target decreased to €12.50Down from €13.50, the current price target is an average from 2 analysts. New target price is 11% above last closing price of €11.30. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.44 for next year compared to €0.29 last year.Upcoming Dividend • Jun 02Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 13 June 2022. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.0%).Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: €0.009 (up from €0.032 loss in 1Q 2021). Revenue: €20.8m (up 33% from 1Q 2021). Net income: €77.0k (up €361.0k from 1Q 2021). Profit margin: 0.4% (up from net loss in 1Q 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 11%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • May 12Viscom AG Provides Earnings Guidance for the Year 2022Viscom AG provided earnings guidance for the year 2022. The company continues to anticipate target revenue and incoming orders of between €90 million and €95 million in the 2022 financial year. The EBIT-Margin will be between 5% and 10%, with EBIT of between €4.5 million and €9.5 million.分析記事 • Feb 23We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Feb 01When Should You Buy Viscom AG (ETR:V6C)?Viscom AG ( ETR:V6C ), is not the largest company out there, but it saw a decent share price growth in the teens level...Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €10.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in Germany. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.08 per share.分析記事 • Nov 17Viscom's (ETR:V6C) Earnings Are Of Questionable QualityViscom AG's ( ETR:V6C ) robust earnings report didn't manage to move the market for its stock. We did some digging, and...分析記事 • Nov 16There Are Reasons To Feel Uneasy About Viscom's (ETR:V6C) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS €0.09 (vs €0.36 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €21.2m (up 75% from 3Q 2020). Net income: €808.0k (up €4.03m from 3Q 2020). Profit margin: 3.8% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Price Target Changed • Oct 21Price target increased to €16.00Up from €13.50, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €12.35. Stock is up 72% over the past year. The company is forecast to post earnings per share of €0.42 next year compared to a net loss per share of €0.50 last year.分析記事 • Aug 20Is There An Opportunity With Viscom AG's (ETR:V6C) 27% Undervaluation?In this article we are going to estimate the intrinsic value of Viscom AG ( ETR:V6C ) by estimating the company's...Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS €0.07 (vs €0.16 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €18.4m (up 33% from 2Q 2020). Net income: €671.0k (up €2.05m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.分析記事 • Jul 20Should You Investigate Viscom AG (ETR:V6C) At €12.50?Viscom AG ( ETR:V6C ), is not the largest company out there, but it saw a double-digit share price rise of over 10% in...分析記事 • Jun 28Here's Why Viscom (ETR:V6C) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • May 12First quarter 2021 earnings released: €0.03 loss per share (vs €0.29 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €16.3m (up 4.1% from 1Q 2020). Net loss: €284.0k (loss narrowed 89% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.財務状況分析短期負債: V6Cの 短期資産 ( €59.8M ) が 短期負債 ( €35.6M ) を超えています。長期負債: V6Cの短期資産 ( €59.8M ) が 長期負債 ( €11.0M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: V6Cの 純負債対資本比率 ( 45.3% ) は 高い と見なされます。負債の削減: V6Cの負債対資本比率は、過去 5 年間で7.7%から54.2%に増加しました。債務返済能力: V6Cの 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: V6Cの負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 05:27終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Viscom SE 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Simon ScholesFirst Berlin Equity Research GmbHAbed Jaradmwb research AGStefan AugustinPareto Securities1 その他のアナリストを表示
分析記事 • Aug 15Viscom (ETR:V6C) Is Carrying A Fair Bit Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jan 26Does Viscom (ETR:V6C) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Sep 30We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Feb 23We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Jun 28Here's Why Viscom (ETR:V6C) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Buy Or Sell Opportunity • 11hNow 22% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €5.34. The fair value is estimated to be €4.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • May 07Is Now The Time To Look At Buying Viscom SE (ETR:V6C)?While Viscom SE ( ETR:V6C ) might not have the largest market cap around , it saw a significant share price rise of 36...
お知らせ • Apr 25Viscom SE, Annual General Meeting, Jun 05, 2026Viscom SE, Annual General Meeting, Jun 05, 2026, at 10:00 W. Europe Standard Time.
New Risk • Apr 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (€33.8m market cap, or US$38.9m).
Reported Earnings • Apr 02Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: €0.61 loss per share (improved from €1.06 loss in FY 2024). Revenue: €83.1m (down 1.2% from FY 2024). Net loss: €5.43m (loss narrowed 43% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 126%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
New Risk • Feb 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.2% 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 Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (€38.6m market cap, or US$45.5m).
Price Target Changed • Feb 09Price target decreased by 9.1% to €5.85Down from €6.43, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €4.60. Stock is up 25% over the past year. The company is forecast to post earnings per share of €0.045 next year compared to a net loss per share of €1.06 last year.
お知らせ • Nov 17+ 3 more updatesViscom SE to Report Nine Months, 2026 Results on Nov 12, 2026Viscom SE announced that they will report nine months, 2026 results on Nov 12, 2026
Reported Earnings • Nov 14Third quarter 2025 earnings released: €0.18 loss per share (vs €0.099 loss in 3Q 2024)Third quarter 2025 results: €0.18 loss per share (further deteriorated from €0.099 loss in 3Q 2024). Revenue: €17.7m (down 19% from 3Q 2024). Net loss: €1.59m (loss widened 81% from 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
分析記事 • Oct 28The Market Lifts Viscom SE (ETR:V6C) Shares 36% But It Can Do MoreViscom SE ( ETR:V6C ) shares have had a really impressive month, gaining 36% after a shaky period beforehand. The last...
Buy Or Sell Opportunity • Sep 10Now 21% overvaluedOver the last 90 days, the stock has fallen 8.3% to €4.40. The fair value is estimated to be €3.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 18Second quarter 2025 earnings released: €0.04 loss per share (vs €0.25 loss in 2Q 2024)Second quarter 2025 results: €0.04 loss per share (improved from €0.25 loss in 2Q 2024). Revenue: €19.7m (down 13% from 2Q 2024). Net loss: €374.0k (loss narrowed 83% from 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
分析記事 • Aug 15Viscom (ETR:V6C) Is Carrying A Fair Bit Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Price Target Changed • Jun 17Price target increased by 14% to €6.80Up from €5.95, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €5.30. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.11 next year compared to a net loss per share of €1.06 last year.
New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% 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 Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€42.6m market cap, or US$49.0m).
分析記事 • May 28Even With A 27% Surge, Cautious Investors Are Not Rewarding Viscom SE's (ETR:V6C) Performance CompletelyViscom SE ( ETR:V6C ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
Price Target Changed • May 26Price target decreased by 16% to €5.95Down from €7.05, the current price target is an average from 2 analysts. New target price is 64% above last closing price of €3.62. Stock is down 21% over the past year. The company is forecast to post earnings per share of €0.11 next year compared to a net loss per share of €1.06 last year.
Reported Earnings • May 20First quarter 2025 earnings released: €0.03 loss per share (vs €0.22 loss in 1Q 2024)First quarter 2025 results: €0.03 loss per share (improved from €0.22 loss in 1Q 2024). Revenue: €20.3m (up 8.7% from 1Q 2024). Net loss: €266.0k (loss narrowed 86% from 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 28Viscom SE, Annual General Meeting, Jun 06, 2025Viscom SE, Annual General Meeting, Jun 06, 2025, at 10:00 W. Europe Standard Time.
Reported Earnings • Mar 27Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: €1.06 loss per share (down from €0.34 profit in FY 2023). Revenue: €85.8m (down 28% from FY 2023). Net loss: €9.44m (down 411% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 07What Viscom SE's (ETR:V6C) P/S Is Not Telling YouIt's not a stretch to say that Viscom SE's ( ETR:V6C ) price-to-sales (or "P/S") ratio of 0.3x right now seems quite...
New Risk • Dec 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€29.9m market cap, or US$31.4m).
お知らせ • Dec 03+ 3 more updatesViscom SE to Report Nine Months, 2025 Results on Nov 13, 2025Viscom SE announced that they will report nine months, 2025 results on Nov 13, 2025
New Risk • Nov 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Market cap is less than US$100m (€29.0m market cap, or US$30.5m).
分析記事 • Nov 02What Viscom SE's (ETR:V6C) P/S Is Not Telling YouThere wouldn't be many who think Viscom SE's ( ETR:V6C ) price-to-sales (or "P/S") ratio of 0.2x is worth a mention...
New Risk • Nov 02New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€27.1m market cap, or US$29.4m).
分析記事 • Oct 08Viscom (ETR:V6C) Has Some Difficulty Using Its Capital EffectivelyWhat underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of...
Major Estimate Revision • Aug 25Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.553 to -€0.628 per share. Revenue forecast of €83.7m unchanged since last update. Electronic industry in Germany expected to see average net income growth of 33% next year. Consensus price target down from €7.05 to €6.80. Share price fell 2.1% to €3.68 over the past week.
Price Target Changed • Aug 09Price target decreased by 18% to €7.05Down from €8.55, the current price target is an average from 2 analysts. New target price is 90% above last closing price of €3.71. Stock is down 58% over the past year. The company is forecast to post a net loss per share of €0.38 compared to earnings per share of €0.34 last year.
Reported Earnings • Aug 09Second quarter 2024 earnings released: €0.25 loss per share (vs €0.02 loss in 2Q 2023)Second quarter 2024 results: €0.25 loss per share (further deteriorated from €0.02 loss in 2Q 2023). Revenue: €23.0m (down 11% from 2Q 2023). Net loss: €2.22m (loss widened €2.00m from 2Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings.
分析記事 • Jul 25Calculating The Intrinsic Value Of Viscom SE (ETR:V6C)Key Insights The projected fair value for Viscom is €3.71 based on 2 Stage Free Cash Flow to Equity Current share price...
Major Estimate Revision • Jun 13Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €94.5m to €83.7m. Forecast loss of -€0.322, down from profit of €0.013 per share profit previously. Electronic industry in Germany expected to see average net income growth of 13% next year. Consensus price target down from €8.55 to €8.05. Share price fell 3.9% to €4.63 over the past week.
分析記事 • May 30We Think That There Are More Issues For Viscom (ETR:V6C) Than Just Sluggish EarningsThe market wasn't impressed with the soft earnings from Viscom AG ( ETR:V6C ) recently. We did some further digging and...
Price Target Changed • May 28Price target decreased by 25% to €8.55Down from €11.45, the current price target is an average from 2 analysts. New target price is 81% above last closing price of €4.72. Stock is down 54% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.34 last year.
Upcoming Dividend • May 23Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.8%).
分析記事 • Apr 25Viscom (ETR:V6C) Is Paying Out Less In Dividends Than Last YearViscom AG ( ETR:V6C ) is reducing its dividend from last year's comparable payment to €0.05 on the 3rd of June. This...
Major Estimate Revision • Apr 16Consensus EPS estimates increase by 15%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €109.8m to €104.6m. EPS estimate rose from €0.253 to €0.29. Net income forecast to shrink 22% next year vs 2.6% growth forecast for Electronic industry in Germany . Consensus price target down from €11.45 to €10.90. Share price fell 5.1% to €5.22 over the past week.
分析記事 • Apr 04Viscom (ETR:V6C) Has Announced That Its Dividend Will Be Reduced To €0.05Viscom AG ( ETR:V6C ) has announced that on 3rd of June, it will be paying a dividend of€0.05, which a reduction from...
Reported Earnings • Mar 27Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: €0.34 (down from €0.60 in FY 2022). Revenue: €120.8m (up 14% from FY 2022). Net income: €3.04m (down 44% from FY 2022). Profit margin: 2.5% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
分析記事 • Mar 01Benign Growth For Viscom AG (ETR:V6C) Underpins Stock's 28% PlummetThe Viscom AG ( ETR:V6C ) share price has fared very poorly over the last month, falling by a substantial 28%. The drop...
Declared Dividend • Feb 29Dividend reduced to €0.05Dividend of €0.05 is 83% lower than last year. Ex-date: 30th May 2024 Payment date: 3rd June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Feb 29Is Viscom AG (ETR:V6C) Potentially Undervalued?Viscom AG ( ETR:V6C ), is not the largest company out there, but it received a lot of attention from a substantial...
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€56.0m market cap, or US$60.5m).
Buy Or Sell Opportunity • Feb 28Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to €6.30. The fair value is estimated to be €8.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 68% in the next 2 years.
お知らせ • Dec 06+ 4 more updatesViscom AG to Report Fiscal Year 2023 Results on Mar 26, 2024Viscom AG announced that they will report fiscal year 2023 results on Mar 26, 2024
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: €0.13 (vs €0.05 in 3Q 2022)Third quarter 2023 results: EPS: €0.13 (up from €0.05 in 3Q 2022). Revenue: €31.0m (up 40% from 3Q 2022). Net income: €1.18m (up 131% from 3Q 2022). Profit margin: 3.8% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Sep 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €10.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 85% in the next 2 years.
Buying Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €10.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 85% in the next 2 years.
New Risk • Aug 14New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€79.1m market cap, or US$86.6m).
Reported Earnings • Aug 13Second quarter 2023 earnings released: €0.02 loss per share (vs €0.06 profit in 2Q 2022)Second quarter 2023 results: €0.02 loss per share (down from €0.06 profit in 2Q 2022). Revenue: €26.2m (up 9.0% from 2Q 2022). Net loss: €220.0k (down 142% from profit in 2Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 01What Is Viscom AG's (ETR:V6C) Share Price Doing?Viscom AG ( ETR:V6C ), is not the largest company out there, but it saw a decent share price growth in the teens level...
Upcoming Dividend • May 25Upcoming dividend of €0.30 per share at 3.0% yieldEligible shareholders must have bought the stock before 01 June 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.5%).
分析記事 • Apr 13Rainbows and Unicorns: Viscom AG (ETR:V6C) Analysts Just Became A Lot More OptimisticShareholders in Viscom AG ( ETR:V6C ) may be thrilled to learn that the analysts have just delivered a major upgrade to...
Price Target Changed • Apr 12Price target increased by 7.5% to €14.25Up from €13.25, the current price target is an average from 2 analysts. New target price is 45% above last closing price of €9.80. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of €0.43 for next year compared to €0.29 last year.
Major Estimate Revision • Apr 12Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from €101.0m to €115.0m. EPS estimate increased from €0.549 to €0.705 per share. Net income forecast to grow 119% next year vs 4.8% growth forecast for Electronic industry in Germany. Consensus price target up from €13.25 to €14.25. Share price rose 4.8% to €9.80 over the past week.
分析記事 • Jan 26Does Viscom (ETR:V6C) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.55, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Electronic industry in Germany. Total returns to shareholders of 6.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.94 per share.
お知らせ • Dec 07+ 4 more updatesViscom AG, Annual General Meeting, May 31, 2023Viscom AG, Annual General Meeting, May 31, 2023. Location: Altes Rathaus Hanover Germany
分析記事 • Dec 03Viscom (ETR:V6C) Is Reinvesting At Lower Rates Of ReturnIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Major Estimate Revision • Oct 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €92.0m to €95.4m. EPS estimate fell from €0.51 to €0.44 per share. Net income forecast to grow 79% next year vs 23% growth forecast for Electronic industry in Germany. Consensus price target of €13.25 unchanged from last update. Share price rose 3.3% to €8.12 over the past week.
分析記事 • Sep 30We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: €0.06 (vs €0.07 in 2Q 2021)Second quarter 2022 results: EPS: €0.06 (down from €0.07 in 2Q 2021). Revenue: €24.7m (up 34% from 2Q 2021). Net income: €519.0k (down 23% from 2Q 2021). Profit margin: 2.1% (down from 3.6% in 2Q 2021). Over the next year, revenue is forecast to grow 7.0%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Price Target Changed • Jun 09Price target decreased to €12.50Down from €13.50, the current price target is an average from 2 analysts. New target price is 11% above last closing price of €11.30. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.44 for next year compared to €0.29 last year.
Upcoming Dividend • Jun 02Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 13 June 2022. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.0%).
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: €0.009 (up from €0.032 loss in 1Q 2021). Revenue: €20.8m (up 33% from 1Q 2021). Net income: €77.0k (up €361.0k from 1Q 2021). Profit margin: 0.4% (up from net loss in 1Q 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 11%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • May 12Viscom AG Provides Earnings Guidance for the Year 2022Viscom AG provided earnings guidance for the year 2022. The company continues to anticipate target revenue and incoming orders of between €90 million and €95 million in the 2022 financial year. The EBIT-Margin will be between 5% and 10%, with EBIT of between €4.5 million and €9.5 million.
分析記事 • Feb 23We Think Viscom (ETR:V6C) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Feb 01When Should You Buy Viscom AG (ETR:V6C)?Viscom AG ( ETR:V6C ), is not the largest company out there, but it saw a decent share price growth in the teens level...
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €10.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in Germany. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.08 per share.
分析記事 • Nov 17Viscom's (ETR:V6C) Earnings Are Of Questionable QualityViscom AG's ( ETR:V6C ) robust earnings report didn't manage to move the market for its stock. We did some digging, and...
分析記事 • Nov 16There Are Reasons To Feel Uneasy About Viscom's (ETR:V6C) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS €0.09 (vs €0.36 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €21.2m (up 75% from 3Q 2020). Net income: €808.0k (up €4.03m from 3Q 2020). Profit margin: 3.8% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Price Target Changed • Oct 21Price target increased to €16.00Up from €13.50, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €12.35. Stock is up 72% over the past year. The company is forecast to post earnings per share of €0.42 next year compared to a net loss per share of €0.50 last year.
分析記事 • Aug 20Is There An Opportunity With Viscom AG's (ETR:V6C) 27% Undervaluation?In this article we are going to estimate the intrinsic value of Viscom AG ( ETR:V6C ) by estimating the company's...
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS €0.07 (vs €0.16 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €18.4m (up 33% from 2Q 2020). Net income: €671.0k (up €2.05m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
分析記事 • Jul 20Should You Investigate Viscom AG (ETR:V6C) At €12.50?Viscom AG ( ETR:V6C ), is not the largest company out there, but it saw a double-digit share price rise of over 10% in...
分析記事 • Jun 28Here's Why Viscom (ETR:V6C) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • May 12First quarter 2021 earnings released: €0.03 loss per share (vs €0.29 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €16.3m (up 4.1% from 1Q 2020). Net loss: €284.0k (loss narrowed 89% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.