Vercom S.A.

DB:14W Stock Report

Market Cap: €628.7m

Vercom Valuation

Is 14W undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 14W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 14W (€27.3) is trading below our estimate of fair value (€33.67)

Significantly Below Fair Value: 14W is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 14W?

Key metric: As 14W is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 14W. This is calculated by dividing 14W's market cap by their current earnings.
What is 14W's PE Ratio?
PE Ratio31.8x
Earningszł84.36m
Market Capzł2.68b

Price to Earnings Ratio vs Peers

How does 14W's PE Ratio compare to its peers?

The above table shows the PE ratio for 14W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.9x
MUM Mensch und Maschine Software
28.3x14.0%€904.0m
AOF ATOSS Software
39.6x7.7%€1.7b
TMV TeamViewer
11.9x10.7%€1.4b
OSP2 USU Software
35.9x39.7%€215.8m
14W Vercom
31.8x21.9%€2.7b

Price-To-Earnings vs Peers: 14W is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the peer average (28.9x).

Price to Earnings Ratio vs Industry

How does 14W's PE Ratio compare vs other companies in the European Software Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
14W 31.8xIndustry Avg. 26.2xNo. of Companies18PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 14W is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the European Software industry average (26.1x).

Price to Earnings Ratio vs Fair Ratio

What is 14W's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

14W PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.8x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: 14W is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the estimated Fair Price-To-Earnings Ratio (23x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 14W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€27.30
€29.03
+6.3%
19.0%€32.90€17.57n/a6
Dec ’25€25.90
€28.97
+11.9%
19.4%€33.26€17.43n/a6
Nov ’25€26.40
€29.42
+11.4%
19.4%€33.77€17.70n/a6
Oct ’25€28.30
€29.42
+4.0%
19.4%€33.77€17.70n/a6
Sep ’25€24.90
€27.46
+10.3%
20.3%€32.99€17.62n/a5
Aug ’25€27.60
€27.46
-0.5%
20.3%€32.99€17.62n/a5
Jul ’25€30.30
€29.64
-2.2%
9.8%€32.70€26.67n/a4
Jun ’25€31.30
€28.75
-8.1%
9.8%€32.74€26.70n/a3
May ’25€26.00
€25.17
-3.2%
27.2%€32.71€16.12n/a3
Apr ’25€26.90
€24.43
-9.2%
34.0%€32.73€16.13n/a2
Feb ’25€18.40
€16.34
-11.2%
1.6%€16.59€16.08n/a2
Jan ’25€17.40
€16.34
-6.1%
1.6%€16.59€16.08n/a2
Dec ’24€14.50
€16.34
+12.7%
1.6%€16.59€16.08€25.902
Nov ’24€14.25
€14.95
+4.9%
3.8%€15.51€14.39€26.402
Oct ’24€12.40
€15.47
+24.8%
3.1%€15.95€14.99€28.302
Sep ’24€13.75
€12.77
-7.1%
26.3%€16.14€9.41€24.902
Aug ’24€15.20
€12.77
-16.0%
26.3%€16.14€9.41€27.602
May ’24€11.10
€8.44
-24.0%
5.6%€8.91€7.97€26.002
Apr ’24€9.94
€8.44
-15.1%
5.6%€8.91€7.97€26.902
Mar ’24€9.52
€8.44
-11.3%
5.6%€8.91€7.97€22.602
Feb ’24€9.20
€8.44
-8.3%
5.6%€8.91€7.97€18.402
Jan ’24€8.76
€8.44
-3.6%
5.6%€8.91€7.97€17.402
Dec ’23€8.94
€8.44
-5.6%
5.6%€8.91€7.97€14.502

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 15:46
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vercom S.A. is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pawel SzpigielBiuro maklerskie mBanku
Kamil KliszczBiuro maklerskie mBanku
Piotr BoguszErste Group Bank AG