VRG S.A.

WSE:VRG Stock Report

Market Cap: zł1.1b

VRG Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: VRG (PLN4.76) is trading below our estimate of fair value (PLN5.35)

Significantly Below Fair Value: VRG 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 VRG?

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

The above table shows the Price to Earnings ratio for VRG. This is calculated by dividing VRG's market cap by their current earnings.
What is VRG's PE Ratio?
PE Ratio11.8x
Earningszł94.25m
Market Capzł1.12b

Price to Earnings Ratio vs Peers

How does VRG's PE Ratio compare to its peers?

The above table shows the PE ratio for VRG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
ARL Arlen
14.4xn/azł760.0m
MON Monnari Trade
9.2xn/azł189.5m
EAH ESOTIQ & Henderson
7.3xn/azł66.5m
CDL CDRL
16.6xn/azł48.4m
VRG VRG
11.8x8.62%zł1.1b

Price-To-Earnings vs Peers: VRG is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (11.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does VRG's PE Ratio compare vs other companies in the European Luxury Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VRG 11.8xIndustry Avg. 19.0xNo. of Companies7PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VRG is good value based on its Price-To-Earnings Ratio (11.8x) compared to the European Luxury industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is VRG'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.

VRG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio11.4x

Price-To-Earnings vs Fair Ratio: VRG is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).

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 VRG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł4.76
zł5.00
+5.04%
19.29%zł6.27zł3.60n/a4
Jan ’27zł4.64
zł5.00
+7.76%
19.29%zł6.27zł3.60n/a4
Dec ’26zł4.98
zł4.83
-3.11%
15.75%zł5.57zł3.60n/a4
Nov ’26zł4.44
zł4.83
+8.67%
15.75%zł5.57zł3.60n/a4
Oct ’26zł4.82
zł4.83
+0.10%
15.75%zł5.57zł3.60n/a4
Sep ’26zł4.39
zł4.58
+4.25%
15.81%zł5.33zł3.60n/a3
Aug ’26zł4.06
zł3.96
-2.38%
14.97%zł4.80zł3.49n/a3
Jul ’26zł3.78
zł3.55
-6.22%
1.55%zł3.60zł3.49n/a2
Jun ’26zł3.82
zł3.70
-3.23%
5.93%zł4.00zł3.49n/a3
May ’26zł3.70
zł3.67
-0.72%
6.60%zł4.00zł3.42n/a3
Apr ’26zł3.64
zł3.70
+1.56%
5.93%zł4.00zł3.49n/a3
Mar ’26zł3.70
zł3.70
-0.09%
5.93%zł4.00zł3.49n/a3
Feb ’26zł3.22
zł3.70
+14.80%
5.93%zł4.00zł3.49n/a3
Jan ’26zł3.18
zł3.70
+16.25%
5.93%zł4.00zł3.49zł4.643
Dec ’25zł3.25
zł3.67
+13.03%
6.60%zł4.00zł3.42zł4.983
Nov ’25zł3.23
zł3.70
+14.65%
5.75%zł4.00zł3.51zł4.443
Oct ’25zł3.48
zł3.70
+6.42%
5.75%zł4.00zł3.51zł4.823
Sep ’25zł3.53
zł3.70
+4.91%
5.75%zł4.00zł3.51zł4.393
Aug ’25zł3.60
zł4.13
+14.72%
18.44%zł5.41zł3.51zł4.064
Jul ’25zł3.40
zł4.24
+24.56%
16.41%zł5.41zł3.60zł3.784
Jun ’25zł3.46
zł4.24
+22.40%
16.41%zł5.41zł3.60zł3.824
May ’25zł3.30
zł4.34
+31.41%
17.90%zł5.41zł3.60zł3.703
Apr ’25zł3.15
zł4.51
+43.02%
20.09%zł5.41zł3.60zł3.642
Mar ’25zł3.32
zł4.51
+35.69%
20.09%zł5.41zł3.60zł3.702
Feb ’25zł3.36
zł4.51
+34.08%
20.09%zł5.41zł3.60zł3.222
Jan ’25zł3.40
zł4.51
+32.50%
20.09%zł5.41zł3.60zł3.182
zł5
Fair Value
4.8% undervalued intrinsic discount
4
Number of Analysts

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 Analysis2026/01/14 02:31
End of Day Share Price 2026/01/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

VRG S.A. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sylwia JaskiewiczDom Maklerski Banku Ochrony Srodowiska S.A.
Piotr BoguszErste Group Bank AG
Marek SzymanskiIpopema Securities S.A.