Vercom S.A.

WSE:VRC Stock Report

Market Cap: zł2.8b

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 Future Cash Flow Value

  • Significantly Below Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

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

Below Future Cash Flow Value: VRC (PLN127.8) is trading below our estimate of future cash flow value (PLN138.24)

Significantly Below Future Cash Flow Value: VRC is trading below future cash flow 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 Ratio29.3x
Earningszł95.88m
Market Capzł2.81b

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 Average26.1x
SHO Shoper
27.3x20.74%zł1.2b
TXT Text
9.2x1.15%zł1.1b
EUV Euvic
42.7xn/azł801.3m
CLD Cloud Technologies
25.3xn/azł444.5m
VRC Vercom
29.3x25.24%zł2.8b

Price-To-Earnings vs Peers: VRC is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the peer average (26.1x).

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MAD Madkom
2.8xn/aUS$3.82m
No more companies available in this PE range
VRC 29.3xIndustry Avg. 12.7xNo. of Companies3PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VRC is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the Polish Software industry average (12.7x).

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 Ratio29.3x
Fair PE Ratio24.2x

Price-To-Earnings vs Fair Ratio: VRC is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).

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
Currentzł127.80
zł148.20
+15.96%
5.80%zł158.70zł137.00n/a5
Sep ’27zł129.00
zł148.20
+14.88%
5.80%zł158.70zł137.00n/a5
Aug ’27zł127.00
zł142.22
+11.98%
9.97%zł156.00zł115.00n/a6
Jul ’27zł126.80
zł142.22
+12.16%
9.97%zł156.00zł115.00n/a6
Jun ’27zł139.00
zł141.88
+2.07%
9.80%zł156.00zł115.00n/a6
May ’27zł125.00
zł141.88
+13.51%
9.80%zł156.00zł115.00n/a6
Apr ’27zł117.60
zł143.67
+22.17%
6.40%zł156.00zł128.00n/a6
Mar ’27zł111.20
zł145.00
+30.40%
6.57%zł156.00zł128.00n/a5
Feb ’27zł135.80
zł142.92
+5.24%
5.52%zł151.00zł128.00n/a5
Jan ’27zł129.40
zł142.92
+10.45%
5.52%zł151.00zł128.00n/a5
Dec ’26zł127.00
zł142.92
+12.54%
5.52%zł151.00zł128.00n/a5
Nov ’26zł123.00
zł140.32
+14.08%
9.21%zł151.00zł115.00n/a5
Oct ’26zł123.80
zł140.12
+13.18%
9.11%zł150.00zł115.00n/a5
Sep ’26zł114.60
zł138.52
+20.87%
8.87%zł150.00zł115.00zł129.005
Aug ’26zł123.00
zł138.62
+12.70%
8.94%zł150.50zł115.00zł127.005
Jul ’26zł121.00
zł138.22
+14.23%
8.88%zł150.50zł115.00zł126.805
Jun ’26zł113.80
zł136.12
+19.61%
7.93%zł145.60zł115.00zł139.005
May ’26zł116.00
zł136.12
+17.34%
7.93%zł145.60zł115.00zł125.005
Apr ’26zł118.60
zł133.33
+12.42%
6.83%zł141.00zł115.00zł117.606
Mar ’26zł121.00
zł133.33
+10.19%
6.83%zł141.00zł115.00zł111.206
Feb ’26zł117.50
zł133.33
+13.48%
6.83%zł141.00zł115.00zł135.806
Jan ’26zł127.50
zł124.38
-2.44%
19.04%zł141.00zł75.30zł129.406
Dec ’25zł119.00
zł125.17
+5.18%
19.36%zł143.70zł75.30zł127.006
Nov ’25zł115.50
zł125.17
+8.37%
19.36%zł143.70zł75.30zł123.006
Oct ’25zł120.50
zł125.17
+3.87%
19.36%zł143.70zł75.30zł123.806
Sep ’25zł110.00
zł117.36
+6.69%
20.34%zł141.00zł75.30zł114.605
zł148.2
Fair Value
13.8% undervalued intrinsic discount
5
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 Analysis2026/09/18 08:36
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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 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

Vercom S.A. is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Beata Szparaga-WasniewskaBiuro maklerskie mBanku
Kamil KliszczBiuro maklerskie mBanku
Pawel SzpigielBiuro maklerskie mBanku