공지 • Apr 23
Vercom S.A., Annual General Meeting, May 18, 2026 Vercom S.A., Annual General Meeting, May 18, 2026, at 14:00 Central European Standard Time. 공지 • Nov 06
Vercom S.A. to Report Q3, 2025 Results on Nov 05, 2025 Vercom S.A. announced that they will report Q3, 2025 results on Nov 05, 2025 공지 • Aug 21
Vercom S.A. to Report First Half, 2025 Results on Sep 02, 2025 Vercom S.A. announced that they will report first half, 2025 results on Sep 02, 2025 공지 • Apr 11
Vercom S.A. announces Annual dividend, payable on May 22, 2025 Vercom 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 10
Vercom S.A., Annual General Meeting, May 07, 2025 Vercom S.A., Annual General Meeting, May 07, 2025. Buy Or Sell Opportunity • Nov 04
Now 21% undervalued Over 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 10
Now 20% undervalued after recent price drop Over 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 24
Now 21% undervalued after recent price drop Over 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 04
Second quarter 2024 earnings released Second 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 08
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 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 01
Now 25% undervalued Over 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 28
Now 21% undervalued Over 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 11
Now 21% undervalued Over 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 22
First quarter 2024 earnings released First 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 21
Upcoming dividend of zł1.60 per share Eligible 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 24
Vercom S.A., Annual General Meeting, May 16, 2024 Vercom S.A., Annual General Meeting, May 16, 2024, at 10:00 Central European Standard Time. New Risk • Apr 11
New minor risk - Earnings quality The 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 01
Full 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 05
Investor 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. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third 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 03
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. 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 28
Now 23% undervalued after recent price drop Over 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 08
Second quarter 2023 earnings released Second 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 25
Now 21% undervalued Over 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%.