View ValuationVercom 향후 성장Future 기준 점검 5/6Vercom (는) 각각 연간 21% 및 12.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 21.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 29.7% 로 예상됩니다.핵심 정보21.0%이익 성장률21.91%EPS 성장률Software 이익 성장16.0%매출 성장률12.4%향후 자기자본이익률29.65%애널리스트 커버리지Low마지막 업데이트27 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공지 • Apr 23Vercom S.A., Annual General Meeting, May 18, 2026Vercom S.A., Annual General Meeting, May 18, 2026, at 14:00 Central European Standard Time.공지 • Nov 06Vercom S.A. to Report Q3, 2025 Results on Nov 05, 2025Vercom S.A. announced that they will report Q3, 2025 results on Nov 05, 2025공지 • Aug 21Vercom S.A. to Report First Half, 2025 Results on Sep 02, 2025Vercom S.A. announced that they will report first half, 2025 results on Sep 02, 2025공지 • Apr 11Vercom S.A. announces Annual dividend, payable on May 22, 2025Vercom S.A. announced Annual dividend of PLN 2.0300 per share payable on May 22, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.공지 • Apr 10Vercom S.A., Annual General Meeting, May 07, 2025Vercom S.A., Annual General Meeting, May 07, 2025.Buy Or Sell Opportunity • Nov 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.2% to €25.80. The fair value is estimated to be €32.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Buy Or Sell Opportunity • Oct 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €25.80. The fair value is estimated to be €32.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Buy Or Sell Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €25.50. The fair value is estimated to be €32.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Reported Earnings • Sep 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł115.9m (up 43% from 2Q 2023). Net income: zł18.2m (up 3.8% from 2Q 2023). Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany.New Risk • Aug 08New 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 6.7% 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. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Jul 01Now 25% undervaluedOver the last 90 days, the stock has risen 11% to €30.30. The fair value is estimated to be €40.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.Buy Or Sell Opportunity • Jun 28Now 21% undervaluedOver the last 90 days, the stock has risen 12% to €30.00. The fair value is estimated to be €37.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.Buy Or Sell Opportunity • Jun 11Now 21% undervaluedOver the last 90 days, the stock has risen 16% to €30.60. The fair value is estimated to be €38.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.Reported Earnings • May 22First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł104.6m (up 40% from 1Q 2023). Net income: zł16.5m (up 73% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany.Upcoming Dividend • May 21Upcoming dividend of zł1.60 per shareEligible shareholders must have bought the stock before 28 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (1.2%).공지 • Apr 24Vercom S.A., Annual General Meeting, May 16, 2024Vercom S.A., Annual General Meeting, May 16, 2024, at 10:00 Central European Standard Time.New Risk • Apr 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 01Full year 2023 earnings released: EPS: zł3.18 (vs zł1.54 in FY 2022)Full year 2023 results: EPS: zł3.18 (up from zł1.54 in FY 2022). Revenue: zł337.4m (up 30% from FY 2022). Net income: zł70.4m (up 124% from FY 2022). Profit margin: 21% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €24.70, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 18x in the Software industry in Germany. Total returns to shareholders of 169% over the past year.공지 • Jan 26+ 3 more updatesVercom S.A. to Report Fiscal Year 2023 Results on Mar 26, 2024Vercom S.A. announced that they will report fiscal year 2023 results on Mar 26, 2024Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł84.9m (up 12% from 3Q 2022). Net income: zł12.7m (up 194% from 3Q 2022). Profit margin: 15% (up from 5.7% in 3Q 2022).공지 • Nov 03Positive Group agreed to acquire 30.3% stake in User.com SP Z O.O from Vercom S.A. (WSE:VRC) for €5.06 million.Positive Group agreed to acquire 30.3% stake in User.com SP Z O.O from Vercom S.A. (WSE:VRC) for €5.06 million on October 31, 2023. In this transaction, Positive will acquire 40 shares of User.com SP from Vercom. Proceeds from the sale will be used for further development of Vercom.Buying Opportunity • Sep 28Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €17.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last year. Earnings per share has grown by 73%.Reported Earnings • Sep 08Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł81.1m (up 52% from 2Q 2022). Net income: zł17.6m (up 264% from 2Q 2022). Profit margin: 22% (up from 9.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany.Buying Opportunity • Aug 25Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be €18.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last year. Earnings per share has grown by 20%.이익 및 매출 성장 예측DB:14W - 애널리스트 향후 추정치 및 과거 재무 데이터 (PLN Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028717174167198312/31/2027625148143171412/31/2026554121120147412/31/202547190102118N/A9/30/20254728798113N/A6/30/20255018795109N/A3/31/20255028394107N/A12/31/202449677101112N/A9/30/20244628491101N/A6/30/2024402788797N/A3/31/2024367778391N/A12/31/2023337707685N/A9/30/2023322566573N/A6/30/2023313476370N/A3/31/2023286345361N/A12/31/2022260314552N/A9/30/2022235223845N/A6/30/2022204232734N/A3/31/2022190242430N/A12/31/2021179232631N/A9/30/2021166222427N/A6/30/2021144221820N/A3/31/2021132212628N/A12/31/2020117192325N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 14W 의 연간 예상 수익 증가율(21%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 14W 의 연간 수익(21%)이 German 시장(16.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 14W 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 14W 의 수익(연간 12.4%)이 German 시장(연간 6.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 14W 의 수익(연간 12.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 14W의 자본 수익률은 3년 후 29.7%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/12 01:40종가2026/05/12 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Vercom S.A.는 12명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Beata Szparaga-WasniewskaBiuro maklerskie mBankuKamil KliszczBiuro maklerskie mBankuPawel SzpigielBiuro maklerskie mBanku9명의 분석가 더 보기
공지 • Apr 23Vercom S.A., Annual General Meeting, May 18, 2026Vercom S.A., Annual General Meeting, May 18, 2026, at 14:00 Central European Standard Time.
공지 • Nov 06Vercom S.A. to Report Q3, 2025 Results on Nov 05, 2025Vercom S.A. announced that they will report Q3, 2025 results on Nov 05, 2025
공지 • Aug 21Vercom S.A. to Report First Half, 2025 Results on Sep 02, 2025Vercom S.A. announced that they will report first half, 2025 results on Sep 02, 2025
공지 • Apr 11Vercom S.A. announces Annual dividend, payable on May 22, 2025Vercom S.A. announced Annual dividend of PLN 2.0300 per share payable on May 22, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
공지 • Apr 10Vercom S.A., Annual General Meeting, May 07, 2025Vercom S.A., Annual General Meeting, May 07, 2025.
Buy Or Sell Opportunity • Nov 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.2% to €25.80. The fair value is estimated to be €32.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Buy Or Sell Opportunity • Oct 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €25.80. The fair value is estimated to be €32.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Buy Or Sell Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €25.50. The fair value is estimated to be €32.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Reported Earnings • Sep 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł115.9m (up 43% from 2Q 2023). Net income: zł18.2m (up 3.8% from 2Q 2023). Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany.
New Risk • Aug 08New 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 6.7% 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. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Jul 01Now 25% undervaluedOver the last 90 days, the stock has risen 11% to €30.30. The fair value is estimated to be €40.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
Buy Or Sell Opportunity • Jun 28Now 21% undervaluedOver the last 90 days, the stock has risen 12% to €30.00. The fair value is estimated to be €37.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
Buy Or Sell Opportunity • Jun 11Now 21% undervaluedOver the last 90 days, the stock has risen 16% to €30.60. The fair value is estimated to be €38.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
Reported Earnings • May 22First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł104.6m (up 40% from 1Q 2023). Net income: zł16.5m (up 73% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany.
Upcoming Dividend • May 21Upcoming dividend of zł1.60 per shareEligible shareholders must have bought the stock before 28 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (1.2%).
공지 • Apr 24Vercom S.A., Annual General Meeting, May 16, 2024Vercom S.A., Annual General Meeting, May 16, 2024, at 10:00 Central European Standard Time.
New Risk • Apr 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 01Full year 2023 earnings released: EPS: zł3.18 (vs zł1.54 in FY 2022)Full year 2023 results: EPS: zł3.18 (up from zł1.54 in FY 2022). Revenue: zł337.4m (up 30% from FY 2022). Net income: zł70.4m (up 124% from FY 2022). Profit margin: 21% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €24.70, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 18x in the Software industry in Germany. Total returns to shareholders of 169% over the past year.
공지 • Jan 26+ 3 more updatesVercom S.A. to Report Fiscal Year 2023 Results on Mar 26, 2024Vercom S.A. announced that they will report fiscal year 2023 results on Mar 26, 2024
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł84.9m (up 12% from 3Q 2022). Net income: zł12.7m (up 194% from 3Q 2022). Profit margin: 15% (up from 5.7% in 3Q 2022).
공지 • Nov 03Positive Group agreed to acquire 30.3% stake in User.com SP Z O.O from Vercom S.A. (WSE:VRC) for €5.06 million.Positive Group agreed to acquire 30.3% stake in User.com SP Z O.O from Vercom S.A. (WSE:VRC) for €5.06 million on October 31, 2023. In this transaction, Positive will acquire 40 shares of User.com SP from Vercom. Proceeds from the sale will be used for further development of Vercom.
Buying Opportunity • Sep 28Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €17.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last year. Earnings per share has grown by 73%.
Reported Earnings • Sep 08Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł81.1m (up 52% from 2Q 2022). Net income: zł17.6m (up 264% from 2Q 2022). Profit margin: 22% (up from 9.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany.
Buying Opportunity • Aug 25Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be €18.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last year. Earnings per share has grown by 20%.