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Viscom

DB:V6C
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
V6C
DB
€145M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Viscom AG develops, manufactures, and sells inspection systems worldwide. The last earnings update was 34 days ago. More info.


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V6C Share Price and Events
7 Day Returns
1.9%
DB:V6C
1.6%
DE Electronic
1.8%
DE Market
1 Year Returns
-32.7%
DB:V6C
-0.2%
DE Electronic
-6%
DE Market
V6C Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Viscom (V6C) 1.9% -1.4% 0.7% -32.7% 22.8% 5.8%
DE Electronic 1.6% 8.1% 19.2% -0.2% 98.5% 105%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • V6C underperformed the Electronic industry which returned -0.2% over the past year.
  • V6C underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
V6C
Industry
5yr Volatility vs Market
Related Companies

V6C Value

 Is Viscom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Viscom to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Viscom.

DB:V6C Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:V6C
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 30%) (2.34%))
1.057
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.057 * 5.96%)
6.53%

Discounted Cash Flow Calculation for DB:V6C using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Viscom is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:V6C DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.53%)
2019 6.00 Analyst x1 5.63
2020 7.10 Analyst x1 6.26
2021 9.30 Analyst x1 7.69
2022 10.10 Analyst x1 7.84
2023 10.90 Analyst x1 7.95
2024 11.49 Est @ 5.41% 7.86
2025 11.93 Est @ 3.85% 7.66
2026 12.26 Est @ 2.76% 7.39
2027 12.51 Est @ 2% 7.08
2028 12.69 Est @ 1.47% 6.74
Present value of next 10 years cash flows €72.11
DB:V6C DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €12.69 × (1 + 0.23%) ÷ (6.53% – 0.23%)
€201.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €201.94 ÷ (1 + 6.53%)10
€107.31
DB:V6C Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €72.11 + €107.31
€179.42
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €179.42 / 8.89
€20.19
DB:V6C Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:V6C represents 0.99509x of XTRA:V6C
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99509x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 20.19 x 0.99509
€20.09
Value per share (EUR) From above. €20.09
Current discount Discount to share price of €16.22
= -1 x (€16.22 - €20.09) / €20.09
19.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Viscom is available for.
Intrinsic value
19%
Share price is €16.22 vs Future cash flow value of €20.09
Current Discount Checks
For Viscom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Viscom's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Viscom's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Viscom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Viscom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:V6C PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.88
XTRA:V6C Share Price ** XTRA (2019-04-18) in EUR €16.3
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Viscom.

DB:V6C PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:V6C Share Price ÷ EPS (both in EUR)

= 16.3 ÷ 0.88

18.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viscom is good value based on earnings compared to the DE Electronic industry average.
  • Viscom is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Viscom's expected growth come at a high price?
Raw Data
DB:V6C PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.6%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:V6C PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.53x ÷ 13.6%

1.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viscom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Viscom's assets?
Raw Data
DB:V6C PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.67
XTRA:V6C Share Price * XTRA (2019-04-18) in EUR €16.3
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:V6C PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:V6C Share Price ÷ Book Value per Share (both in EUR)

= 16.3 ÷ 6.67

2.44x

* Primary Listing of Viscom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viscom is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Viscom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Viscom has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

V6C Future Performance

 How is Viscom expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Viscom expected to grow at an attractive rate?
  • Viscom's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Viscom's earnings growth is expected to exceed the Germany market average.
  • Viscom's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:V6C Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:V6C Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.6%
DB:V6C Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.4%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:V6C Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:V6C Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 125 1
2022-12-31 119 1
2021-12-31 117 16 11 3
2020-12-31 107 14 10 3
2019-12-31 98 11 8 3
DB:V6C Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 94 1 8
2018-09-30 89 2 7
2018-06-30 92 -2 9
2018-03-31 86 10 8
2017-12-31 89 13 9
2017-09-30 91 10 11
2017-06-30 86 13 11
2017-03-31 86 4 10
2016-12-31 77 0 7
2016-09-30 73 3 3
2016-06-30 71 3 3
2016-03-31 63 3 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Viscom's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Viscom's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:V6C Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Viscom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V6C Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.28 1.50 1.06 2.00
2020-12-31 1.12 1.22 0.99 3.00
2019-12-31 0.91 0.92 0.90 2.00
DB:V6C Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.88
2018-09-30 0.82
2018-06-30 0.96
2018-03-31 0.85
2017-12-31 1.02
2017-09-30 1.30
2017-06-30 1.17
2017-03-31 1.16
2016-12-31 0.80
2016-09-30 0.34
2016-06-30 0.30
2016-03-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Viscom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Viscom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Viscom has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

V6C Past Performance

  How has Viscom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Viscom's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Viscom's year on year earnings growth rate has been positive over the past 5 years.
  • Viscom's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Viscom's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Viscom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Viscom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V6C Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 93.56 7.81 33.48
2018-09-30 89.06 7.32 34.05
2018-06-30 91.54 8.53 33.12
2018-03-31 85.78 7.59 31.78
2017-12-31 88.54 9.07 28.72
2017-09-30 90.99 11.45 31.28
2017-06-30 85.93 10.57 30.34
2017-03-31 85.66 10.34 29.82
2016-12-31 77.25 7.13 29.16
2016-09-30 72.69 3.02 27.77
2016-06-30 70.54 2.60 27.58
2016-03-31 63.32 0.42 26.66
2015-12-31 69.39 3.53 26.31
2015-09-30 67.96 5.94 25.29
2015-06-30 66.00 6.60 24.06
2015-03-31 68.52 7.80 23.92
2014-12-31 62.25 6.69 23.22
2014-09-30 54.59 5.11 21.04
2014-06-30 51.96 4.03 22.21
2014-03-31 48.66 4.19 21.63
2013-12-31 49.82 4.72 21.33
2013-09-30 51.10 5.95 34.93
2013-06-30 49.82 6.13 20.03
2013-03-31 48.38 6.08 24.27
2012-12-31 50.04 6.64 19.60
2012-09-30 50.09 6.34 18.13
2012-06-30 51.05 6.99 18.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Viscom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Viscom used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Viscom's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Viscom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Viscom has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

V6C Health

 How is Viscom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Viscom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Viscom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Viscom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Viscom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 19.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Viscom Company Filings, last reported 3 months ago.

DB:V6C Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 59.30 3.38 5.74
2018-09-30 56.66 4.12 4.52
2018-06-30 55.05 7.54 5.36
2018-03-31 57.01 0.00 11.46
2017-12-31 56.76 0.00 11.51
2017-09-30 54.72 0.00 8.85
2017-06-30 51.98 0.00 10.25
2017-03-31 54.11 0.00 9.90
2016-12-31 52.29 0.00 6.52
2016-09-30 47.62 0.35 4.81
2016-06-30 45.64 0.00 3.71
2016-03-31 47.13 0.00 10.86
2015-12-31 48.66 0.00 11.87
2015-09-30 48.22 0.00 7.64
2015-06-30 46.76 0.00 6.15
2015-03-31 56.04 0.00 19.12
2014-12-31 53.58 0.00 17.43
2014-09-30
2014-06-30 48.17 0.00 12.30
2014-03-31 61.57 0.00 33.31
2013-12-31 61.57 0.00 33.31
2013-09-30 61.57 0.00 33.31
2013-06-30 59.36 0.00 24.91
2013-03-31 59.36 0.00 24.91
2012-12-31 62.28 0.00 32.63
2012-09-30 59.91 0.00 27.68
2012-06-30 58.63 0.00 26.48
  • Viscom's level of debt (5.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 5.7% today).
  • Debt is well covered by operating cash flow (36.4%, greater than 20% of total debt).
  • Viscom earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Viscom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Viscom has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

V6C Dividends

 What is Viscom's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.76%
Current annual income from Viscom dividends. Estimated to be 3.89% next year.
If you bought €2,000 of Viscom shares you are expected to receive €55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Viscom's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Viscom's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Viscom before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:V6C Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:V6C Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.72 2.00
2020-12-31 0.67 3.00
2019-12-31 0.51 2.00
DB:V6C Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.450 2.808
2018-03-21 0.600 3.151
2017-03-22 0.450 1.893
2016-03-23 0.400 2.956
2016-01-15 0.400 2.875
2015-03-24 1.000 6.841
2014-03-25 0.420 3.494
2013-03-19 0.600 5.568
2013-01-15 0.600 7.455
2012-03-27 0.750 9.726
2012-03-21 0.750 9.100
2009-10-15 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000
2009-04-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viscom has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Viscom has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Viscom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Viscom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Viscom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Viscom has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

V6C Management

 What is the CEO of Viscom's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Viscom has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Viscom management team in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Viscom management team is less than 2 years, this suggests a new team.
Management Team

Volker Pape

TITLE
Co-Founder & Deputy Chairman of the Supervisory Board
COMPENSATION
€438K
AGE
63

Dirk Schwingel

TITLE
CFO & Member of Management Board
COMPENSATION
€543K
AGE
55

Martin Heuser

TITLE
Member of Management Board & Board of Management Development
COMPENSATION
€546K
AGE
61
TENURE
18.3 yrs

Peter Krippner

TITLE
Head of Operations
COMPENSATION
€439K
AGE
54
TENURE
1.3 yrs

Carsten Salewski

TITLE
Head of Sales
COMPENSATION
€435K
AGE
50
TENURE
0.9 yrs

Jasmin Vennekoh

TITLE
Investor Relations Executive
Board of Directors

Michèle Morner

TITLE
Chairwoman of the Supervisory Board
COMPENSATION
€14K
TENURE
0.9 yrs

Volker Pape

TITLE
Co-Founder & Deputy Chairman of the Supervisory Board
COMPENSATION
€438K
AGE
63

Ludger Overmeyer

TITLE
Member of Supervisory Board
COMPENSATION
€19K
AGE
54
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Viscom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Viscom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

V6C News

Simply Wall St News

V6C Company Info

Description

Viscom AG develops, manufactures, and sells inspection systems worldwide. Its products include solder joint inspection, solder paste inspection, SMD assembly, conformal coating inspection, wire bond inspection, manual X-ray/CT, and other inspection systems. The company also offers software products, such as Industry 4.0; TrueYield, a toolbox for zero defect strategy at the highest FPY; S3088 SPI system for process control for quality; vVision for inspection system handling; EasyPro3D for program creation; S6002, a verification station that allows defect images and features to be displayed; SPC software for statistical evaluations; and PST34 for creation and maintenance of inspection schedules. In addition, it provides upgrades, as well as application support and maintenance services. Its inspection solutions are used in various industries, such as automotive electronics, aerospace technology, and industrial electronics or medical technology. The company was founded in 1984 and is headquartered in Hanover, Germany. Viscom AG is a subsidiary of HPC Vermögensverwaltung GmbH.

Details
Name: Viscom AG
V6C
Exchange: DB
Founded: 1984
€144,826,478
8,885,060
Website: http://www.viscom.com
Address: Viscom AG
Carl-Buderus-Strasse 9 - 15,
Hanover,
Lower Saxony, 30455,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA V6C Bearer Shares XETRA Trading Platform DE EUR 10. May 2006
DB V6C Bearer Shares Deutsche Boerse AG DE EUR 10. May 2006
LSE 0GED Bearer Shares London Stock Exchange GB EUR 10. May 2006
Number of employees
Current staff
Staff numbers
475
Viscom employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:02
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.