Buy Or Sell Opportunity • 3h
Now 22% overvalued after recent price rise Over 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. Announcement • Apr 25
Viscom SE, Annual General Meeting, Jun 05, 2026 Viscom SE, Annual General Meeting, Jun 05, 2026, at 10:00 W. Europe Standard Time. New Risk • Apr 02
New major risk - Financial position The 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 02
Full year 2025 earnings: EPS misses analyst expectations Full 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 23
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 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 09
Price target decreased by 9.1% to €5.85 Down 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. Reported Earnings • Nov 14
Third 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. Buy Or Sell Opportunity • Sep 10
Now 21% overvalued Over 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 18
Second 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. Price Target Changed • Jun 17
Price target increased by 14% to €6.80 Up 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 11
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 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). Price Target Changed • May 26
Price target decreased by 16% to €5.95 Down 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 20
First 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. Announcement • Apr 28
Viscom SE, Annual General Meeting, Jun 06, 2025 Viscom SE, Annual General Meeting, Jun 06, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 27
Full year 2024 earnings: EPS misses analyst expectations Full 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. New Risk • Dec 03
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 6.9% 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). New Risk • Nov 17
New minor risk - Financial position The 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). New Risk • Nov 02
New minor risk - Dividend sustainability The 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). Major Estimate Revision • Aug 25
Consensus 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 09
Price target decreased by 18% to €7.05 Down 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 09
Second 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. Major Estimate Revision • Jun 13
Consensus 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. Price Target Changed • May 28
Price target decreased by 25% to €8.55 Down 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 23
Upcoming dividend of €0.05 per share Eligible 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%). Major Estimate Revision • Apr 16
Consensus EPS estimates increase by 15%, revenue downgraded The 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. Reported Earnings • Mar 27
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full 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. Declared Dividend • Feb 29
Dividend reduced to €0.05 Dividend 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. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings 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 28
Now 22% undervalued after recent price drop Over 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. Reported Earnings • Nov 16
Third 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 25
Now 21% undervalued after recent price drop Over 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 14
Now 20% undervalued after recent price drop Over 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 14
New major risk - Financial position The 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 13
Second 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. Upcoming Dividend • May 25
Upcoming dividend of €0.30 per share at 3.0% yield Eligible 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%). Price Target Changed • Apr 12
Price target increased by 7.5% to €14.25 Up 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 12
Consensus 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. Valuation Update With 7 Day Price Move • Jan 25
Investor 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. Major Estimate Revision • Oct 22
Consensus forecasts updated The 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. Reported Earnings • Aug 12
Second 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 09
Price target decreased to €12.50 Down 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 02
Upcoming dividend of €0.20 per share Eligible 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 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First 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. Announcement • May 12
Viscom AG Provides Earnings Guidance for the Year 2022 Viscom 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. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After 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. Reported Earnings • Nov 12
Third 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 21
Price target increased to €16.00 Up 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. Reported Earnings • Aug 13
Second 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. Reported Earnings • May 12
First 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.