VIGO Photonics S.A.

WSE:VGO Stock Report

Market Cap: zł371.8m

VIGO Photonics Valuation

Is VGO 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 Fair Value

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

Below Fair Value: VGO (PLN425) is trading below our estimate of fair value (PLN5521.46)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VGO. This is calculated by dividing VGO's market cap by their current earnings.
What is VGO's PE Ratio?
PE Ratio67.1x
Earningszł5.54m
Market Capzł371.79m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VGO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.8x
APT Apator
11.4x21.0%zł488.6m
INL Introl
7.8xn/azł229.3m
APN Aplisens
7.8xn/azł212.1m
SON Sonel
12xn/azł200.2m
VGO VIGO Photonics
67.1x36.9%zł371.8m

Price-To-Earnings vs Peers: VGO is expensive based on its Price-To-Earnings Ratio (67.1x) compared to the peer average (9.8x).

Price to Earnings Ratio vs Industry

How does VGO's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VGO 67.1xIndustry Avg. 17.6xNo. of Companies18PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VGO is expensive based on its Price-To-Earnings Ratio (67.1x) compared to the European Electronic industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is VGO'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.

VGO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio67.1x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: VGO is expensive based on its Price-To-Earnings Ratio (67.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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 VGO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł425.00
zł574.07
+35.1%
5.5%zł600.00zł529.20n/a3
Nov ’25zł465.00
zł574.07
+23.5%
5.5%zł600.00zł529.20n/a3
Oct ’25zł468.00
zł574.07
+22.7%
5.5%zł600.00zł529.20n/a3
Sep ’25zł518.00
zł574.07
+10.8%
5.5%zł600.00zł529.20n/a3
Aug ’25zł530.00
zł594.33
+12.1%
0.7%zł600.00zł590.00n/a3
Jul ’25zł596.00
zł594.33
-0.3%
0.7%zł600.00zł590.00n/a3
Jun ’25zł522.00
zł594.33
+13.9%
0.7%zł600.00zł590.00n/a3
May ’25zł467.00
zł591.50
+26.7%
0.3%zł593.00zł590.00n/a2
Apr ’25zł568.00
zł591.50
+4.1%
0.3%zł593.00zł590.00n/a2
Mar ’25zł500.00
zł591.50
+18.3%
0.3%zł593.00zł590.00n/a2
Feb ’25zł440.00
zł591.50
+34.4%
0.3%zł593.00zł590.00n/a2
Dec ’24zł475.00
zł685.90
+44.4%
8.3%zł742.80zł629.00n/a2
Nov ’24zł470.00
zł685.90
+45.9%
8.3%zł742.80zł629.00zł465.002
Oct ’24zł534.00
zł685.90
+28.4%
8.3%zł742.80zł629.00zł468.002
Sep ’24zł546.00
zł685.90
+25.6%
8.3%zł742.80zł629.00zł518.002
Aug ’24zł558.00
zł685.90
+22.9%
8.3%zł742.80zł629.00zł530.002
Jul ’24zł572.00
zł685.90
+19.9%
8.3%zł742.80zł629.00zł596.002
Jun ’24zł624.00
zł685.90
+9.9%
8.3%zł742.80zł629.00zł522.002
May ’24zł600.00
zł534.30
-11.0%
17.7%zł629.00zł439.60zł467.002

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

Discover undervalued companies

Eurotel

zł126.7m

Operates a chain of retail stores of telecommunications operators and various electronics manufacturers in Poland.

ETL

zł33.80

7D

-6.6%

1Y

-11.5%

ViDiS

zł10.2m

Distributes audiovisual devices in Poland.

VDS

zł4.20

7D

-10.3%

1Y

-18.4%

NTT System

zł90.2m

Produces and sells desktops in Poland.

NTT

zł6.66

7D

-2.1%

1Y

23.8%