Vercom S.A.

WSE:VRC Stock Report

Market Cap: zł2.6b

Vercom Valuation

Is VRC 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 VRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VRC (PLN115) is trading below our estimate of fair value (PLN125.12)

Significantly Below Fair Value: VRC 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 VRC?

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

The above table shows the Price to Earnings ratio for VRC. This is calculated by dividing VRC's market cap by their current earnings.
What is VRC's PE Ratio?
PE Ratio30x
Earningszł84.82m
Market Capzł2.65b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.2x
TXT Text
8.5x-1.1%zł1.5b
SHO Shoper
34.4x24.8%zł1.1b
ALL Ailleron
31.8xn/azł266.3m
CLD Cloud Technologies
26.1xn/azł292.2m
VRC Vercom
30x16.3%zł2.6b

Price-To-Earnings vs Peers: VRC is expensive based on its Price-To-Earnings Ratio (30x) compared to the peer average (25.2x).

Price to Earnings Ratio vs Industry

How does VRC's PE Ratio compare vs other companies in the PL Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
VRC 30.0xIndustry Avg. 16.4xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VRC is expensive based on its Price-To-Earnings Ratio (30x) compared to the Polish Software industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is VRC'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.

VRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: VRC is expensive based on its Price-To-Earnings Ratio (30x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

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 VRC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł115.00
zł125.17
+8.8%
19.4%zł143.70zł75.30n/a6
Nov ’25zł115.50
zł125.17
+8.4%
19.4%zł143.70zł75.30n/a6
Oct ’25zł120.50
zł125.17
+3.9%
19.4%zł143.70zł75.30n/a6
Sep ’25zł110.00
zł117.36
+6.7%
20.3%zł141.00zł75.30n/a5
Aug ’25zł124.00
zł117.36
-5.4%
20.3%zł141.00zł75.30n/a5
Jul ’25zł134.00
zł127.83
-4.6%
9.8%zł141.00zł115.00n/a4
Jun ’25zł135.00
zł123.83
-8.3%
9.8%zł141.00zł115.00n/a3
May ’25zł116.00
zł108.50
-6.5%
27.2%zł141.00zł69.50n/a3
Apr ’25zł120.50
zł105.25
-12.7%
34.0%zł141.00zł69.50n/a2
Feb ’25zł82.00
zł70.60
-13.9%
1.6%zł71.70zł69.50n/a2
Jan ’25zł78.20
zł70.60
-9.7%
1.6%zł71.70zł69.50n/a2
Dec ’24zł67.20
zł70.60
+5.1%
1.6%zł71.70zł69.50n/a2
Nov ’24zł68.40
zł69.10
+1.0%
3.8%zł71.70zł66.50zł115.502
Oct ’24zł61.40
zł69.55
+13.3%
3.1%zł71.70zł67.40zł120.502
Sep ’24zł66.80
zł56.75
-15.0%
26.3%zł71.70zł41.80zł110.002
Aug ’24zł68.80
zł56.75
-17.5%
26.3%zł71.70zł41.80zł124.002
May ’24zł51.80
zł39.60
-23.6%
5.6%zł41.80zł37.40zł116.002
Apr ’24zł45.50
zł39.60
-13.0%
5.6%zł41.80zł37.40zł120.502
Mar ’24zł43.80
zł39.60
-9.6%
5.6%zł41.80zł37.40zł109.502
Feb ’24zł43.90
zł39.60
-9.8%
5.6%zł41.80zł37.40zł82.002
Jan ’24zł39.00
zł39.60
+1.5%
5.6%zł41.80zł37.40zł78.202
Dec ’23zł42.00
zł39.60
-5.7%
5.6%zł41.80zł37.40zł67.202
Nov ’23zł38.30
zł37.00
-3.4%
1.1%zł37.40zł36.60zł68.402

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

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