VusionGroup S.A.

BATS-CHIXE:VUP Stock Report

Market Cap: €2.3b

VusionGroup Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: VUP (€141.55) is trading below our estimate of fair value (€198.24)

Significantly Below Fair Value: VUP is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As VUP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VUP. This is calculated by dividing VUP's market cap by their current revenue.
What is VUP's PS Ratio?
PS Ratio2.8x
Sales€830.16m
Market Cap€2.29b

Price to Sales Ratio vs Peers

How does VUP's PS Ratio compare to its peers?

The above table shows the PS ratio for VUP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
RSW Renishaw
3.3x5.3%UK£2.3b
OXIG Oxford Instruments
2.4x4.4%UK£1.2b
SXS Spectris
1.8x5.8%UK£2.5b
BIG Big Technologies
7.1x0.5%UK£388.6m
VUP VusionGroup
2.8x23.4%€2.3b

Price-To-Sales vs Peers: VUP is good value based on its Price-To-Sales Ratio (2.8x) compared to the peer average (3.7x).

Price to Sales Ratio vs Industry

How does VUP's PS Ratio compare vs other companies in the GB Electronic Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
MIDW Midwich Group
0.2x3.2%US$373.47m
NAR Northamber
0.1xn/aUS$9.80m
HDT Holders Technology
0.2xn/aUS$2.71m
TWD Trackwise Designs
0.1xn/aUS$1.14m
No. of Companies6PS012345+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: VUP is expensive based on its Price-To-Sales Ratio (2.8x) compared to the UK Electronic industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

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

VUP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ratio2.7x

Price-To-Sales vs Fair Ratio: VUP is expensive based on its Price-To-Sales Ratio (2.8x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).

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 VUP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€141.55
€192.67
+36.1%
7.8%€224.00€175.00n/a6
Nov ’25€140.50
€193.67
+37.8%
8.9%€230.00€175.00n/a6
Oct ’25€151.15
€194.50
+28.7%
8.7%€230.00€175.00n/a6
Sep ’25n/a
€193.33
0%
8.5%€228.00€175.00n/a6
Aug ’25n/a
€193.33
0%
8.5%€228.00€175.00n/a6
Jul ’25€130.60
€195.20
+49.5%
6.2%€219.00€185.00n/a5
Jun ’25€140.50
€190.17
+35.3%
8.3%€219.00€165.00n/a6
May ’25€156.20
€190.17
+21.7%
8.3%€219.00€165.00n/a6
Apr ’25€149.60
€189.00
+26.3%
7.3%€212.00€165.00n/a6
Mar ’25€143.80
€183.75
+27.8%
8.3%€212.00€165.00n/a6
Feb ’25€143.50
€183.75
+28.0%
8.3%€212.00€165.00n/a6
Jan ’25€137.00
€182.92
+33.5%
8.7%€212.00€165.00n/a6
Dec ’24€103.20
€182.92
+77.2%
8.7%€212.00€165.00n/a6
Nov ’24n/a
€186.50
0%
8.1%€212.00€168.00€140.505
Oct ’24n/a
€190.90
0%
7.1%€217.00€180.00€151.155
Sep ’24€101.80
€190.50
+87.1%
6.8%€215.00€180.00n/a5
Aug ’24€118.60
€191.90
+61.8%
6.3%€215.00€180.00n/a5
Jul ’24€95.60
€183.90
+92.4%
3.0%€190.00€175.00€130.605
Jun ’24n/a
€183.90
0%
3.0%€190.00€175.00€140.505
May ’24€157.30
€184.50
+17.3%
2.8%€190.00€175.00€156.205
Apr ’24n/a
€172.16
0%
4.5%€183.00€160.00€149.605
Mar ’24n/a
€157.16
0%
9.6%€170.00€128.00€143.805
Feb ’24€113.80
€154.50
+35.8%
10.2%€170.00€128.00€143.504
Jan ’24n/a
€151.80
0%
9.4%€170.00€128.00€137.005
Dec ’23€130.40
€151.80
+16.4%
9.4%€170.00€128.00€103.205
Nov ’23€114.80
€130.90
+14.0%
5.1%€140.00€120.50n/a5

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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