Vercom Valuation
Is VRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation 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 (PLN134.03)
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?
Other financial metrics that can be useful for relative valuation.
| What is VRC's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł2.54b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 7.7x |
| Enterprise Value/EBITDA | 33.5x |
| PEG Ratio | 1.7x |
Price to Earnings Ratio vs Peers
How does VRC's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 33.3x | ||
TXT Text | 12x | 1.4% | zł2.3b |
SHO Shoper | 36.5x | 23.8% | zł1.1b |
ALL Ailleron | 47.8x | n/a | zł207.6m |
CLD Cloud Technologies | 36.8x | n/a | zł322.6m |
VRC Vercom | 36.1x | 21.8% | zł2.5b |
Price-To-Earnings vs Peers: VRC is expensive based on its Price-To-Earnings Ratio (36.1x) compared to the peer average (33.3x).
Price to Earnings Ratio vs Industry
How does VRC's PE Ratio compare vs other companies in the PL Software Industry?
Price-To-Earnings vs Industry: VRC is expensive based on its Price-To-Earnings Ratio (36.1x) compared to the Polish Software industry average (20.5x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 36.1x |
| Fair PE Ratio | 25x |
Price-To-Earnings vs Fair Ratio: VRC is expensive based on its Price-To-Earnings Ratio (36.1x) compared to the estimated Fair Price-To-Earnings Ratio (25x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | zł115.00 | zł108.50 -5.7% | 27.2% | zł141.00 | zł69.50 | n/a | 3 |
| Apr ’25 | zł120.50 | zł105.25 -12.7% | 34.0% | zł141.00 | zł69.50 | n/a | 2 |
| Feb ’25 | zł82.00 | zł70.60 -13.9% | 1.6% | zł71.70 | zł69.50 | n/a | 2 |
| Jan ’25 | zł78.20 | zł70.60 -9.7% | 1.6% | zł71.70 | zł69.50 | n/a | 2 |
| Dec ’24 | zł67.20 | zł70.60 +5.1% | 1.6% | zł71.70 | zł69.50 | n/a | 2 |
| Nov ’24 | zł68.40 | zł69.10 +1.0% | 3.8% | zł71.70 | zł66.50 | n/a | 2 |
| Oct ’24 | zł61.40 | zł69.55 +13.3% | 3.1% | zł71.70 | zł67.40 | n/a | 2 |
| Sep ’24 | zł66.80 | zł56.75 -15.0% | 26.3% | zł71.70 | zł41.80 | n/a | 2 |
| Aug ’24 | zł68.80 | zł56.75 -17.5% | 26.3% | zł71.70 | zł41.80 | n/a | 2 |
| May ’24 | zł51.80 | zł39.60 -23.6% | 5.6% | zł41.80 | zł37.40 | zł116.00 | 2 |
| Apr ’24 | zł45.50 | zł39.60 -13.0% | 5.6% | zł41.80 | zł37.40 | zł120.50 | 2 |
| Mar ’24 | zł43.80 | zł39.60 -9.6% | 5.6% | zł41.80 | zł37.40 | zł109.50 | 2 |
| Feb ’24 | zł43.90 | zł39.60 -9.8% | 5.6% | zł41.80 | zł37.40 | zł82.00 | 2 |
| Jan ’24 | zł39.00 | zł39.60 +1.5% | 5.6% | zł41.80 | zł37.40 | zł78.20 | 2 |
| Dec ’23 | zł42.00 | zł39.60 -5.7% | 5.6% | zł41.80 | zł37.40 | zł67.20 | 2 |
| Nov ’23 | zł38.30 | zł37.00 -3.4% | 1.1% | zł37.40 | zł36.60 | zł68.40 | 2 |
| Oct ’23 | zł31.80 | zł39.10 +23.0% | 4.3% | zł40.80 | zł37.40 | zł61.40 | 2 |
| Sep ’23 | zł31.10 | zł43.20 +38.9% | 5.6% | zł45.60 | zł40.80 | zł66.80 | 2 |
| Aug ’23 | zł37.80 | zł43.20 +14.3% | 5.6% | zł45.60 | zł40.80 | zł68.80 | 2 |
| Jul ’23 | zł35.70 | zł50.90 +42.6% | 10.4% | zł56.20 | zł45.60 | zł72.00 | 2 |
| Jun ’23 | zł34.80 | zł59.35 +70.5% | 5.3% | zł62.50 | zł56.20 | zł57.80 | 2 |
Analyst Forecast: Target price is lower than the current share price.