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Data-driven stock valuation

Vogiatzoglou Systems S.A (VOSYS) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Vogiatzoglou Systems S.A stock €2.56, price €1.83, upside +39.9%, quality 59 out of 100. Rating: undervalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical GR · ISIN GRS407183003

VS Vogiatzoglou Systems S.A logo Thin data Nov 5, 2026

Vogiatzoglou Systems S.A

VOSYS · AT
Undervalued, but sideways

The stock costs 29% less than our calculation considers fair.

Fair value €2.56 · Undervalued
Low debt
Ranks above peers (6/10)
Revenue last quarter +25% vs. a year ago.
Quality 59/100
Mixed Growth (revenue 5y +10.0 %/yr in EUR)
Thin margins · 4.0% net margin (TTM)
Narrow moat 38/100 · thin data
Thin data
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€2.62 €1.40 Fair Value €2.56 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range €1.40 – €2.62 · fair‑value band €2.32 – €3.80 · the €1.83 price screens below the €2.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Vogiatzoglou Systems S.A. provides furnishing equipment solutions for retail stores, warehouses, and distribution centers in Greece.

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It offers warehouse metal shelves and equipment, including pallet racks, drive in products, push backs, radio shuttles, live storage products, cantilevers, mezzanines, mezzanine and light duty shelves, mobile archives, clad and mobile racking, inox shelves, vertical storage, and antiseismic shelves; retail store equipment, such as super market carts, transport trolleys and cages, airport trolleys, super market cash desks, and service counters, as well as customer guidance systems; and signage and product display promotion products.

The company also provides store equipment and furnishing products for super and mini markets, liquor and bakery, book, cosmetics, fashion, sports, home accessory, optics, toys, pet shop, electrical and electronics, DIY, and garden equipment stores. In addition, it trades in technical products.

The company was founded in 1992 and is headquartered in Metamorfosi, Greece.

Stock analysis

Vogiatzoglou Systems S.A (VOSYS) currently trades at €1.83, while our model-based Fair Value estimate is €2.56, implying the stock looks roughly 29% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of €6.33 per share, and 16 of the 17 models we run sit above the €1.83 price.

Bear case: the Asset-Based group reads lowest at €1.54, and 1 of the 17 models stay below the price. Data coverage for this calculation is low.

Scenario range: €2.32 (bear) to €3.80 (bull), the price of €1.83 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Vogiatzoglou Systems S.A reported revenue of €34.7M in FY2022 versus €23.3M in FY2018, a compound +10.4%/yr. Reported net income was €1.7M in FY2022, compounding +10.0%/yr from FY2018.

Key figures

Market cap €11.6M Micro · P/E ratio 43.6 · P/S ratio 2.14 · EPS (TTM) €0.0420 · Net margin 4.9% · Return on equity 9.1% · Return on assets (EBIT) 7.0% (5-year average) · Operating margin 3.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 26% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 40%, VOSYS screens cheaper than that median.

Fair Value models

Bear €2.32 Fair Value €2.56 Bull €3.80
Price €1.83 · Upside +39.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Owner Earnings €1.71 €2.56 €3.80 76
Residual Income €2.32 €2.46 €2.71 76
EPV €2.44 €2.70 €2.91 74
All 17 models by family
DCF Models
Owner Earnings €1.71 €2.56 €3.80 76
Earnings-Based
Graham-Dodd €1.84 €8.67 €11.92 64
Lynch FV €2.30 €3.29 €4.27 61
PEG = 1.0 €2.30 €3.29 €4.27 57
EPV €2.44 €2.70 €2.91 74
Dividend Discount
Gordon GGM €1.27 €2.15 €2.80 68
DDM Multi-Stage €1.27 €2.03 €2.31 67
Multiples
P/E Multiple €4.45 €5.94 €7.42 63
P/S Multiple €3.44 €4.59 €5.73 58
P/B Multiple €8.78 €11.71 €14.64 55
EV/EBIT €5.51 €7.24 €8.97 66
EV/EBITDA €5.11 €6.71 €8.30 67
EV/Revenue €3.82 €5.32 €6.82 54
Asset-Based
NCAV (Graham) €1.02 €1.54 €1.92 55
Economic Profit
Residual Income €2.32 €2.46 €2.71 76
ROIC Compounder €2.44 €2.70 €2.91 72
Growth Earnings
Growth-Adj P/E €3.72 €5.32 €6.92 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 59/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 53
How much profit the company makes from its sales and capital
Quality Growth 64
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 67
Debt, balance sheet and risk of trouble
Investment 85
Does it invest with discipline instead of growing at any price?
Low Volatility 87
How calm the share price moves, does not count
Price momentum 30
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 12
Distance to the 52-week high, does not count
New shares 90
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 41/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+23.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−7.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.4%
Dividend (yield on the price)0.0%
Profit margin 2017 to 2022 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 7%
2022 sits 115% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Furnishings, Fixtures & Appliances · 297 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 59 · Above median
Fair Value upside +39.9% · Above median
Profitability
Return on equity (12 months) 9.1% · Above median
Return on assets 5.5% · Above median
Net margin (12 months) 4.0% · Above median
Operating margin (12 months) 3.6% · Below median
Growth and dividend
Revenue growth (quarter YoY) 24.8% · Top 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.05× · Above median

Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (12 months) 43.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)87 · sector 28
FUTURE (revenue growth)100 · sector 7
PAST (return on equity)37 · sector 19
HEALTH (low debt)98 · sector 98
DIVIDEND (yield)0 · sector 61

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Gree Electric Appliances, Inc 000651 ¥39.02 ¥97.62 +150% vs VOSYS
Haier Smart Home Co 600690 ¥21.62 ¥45.72 +111% vs VOSYS
Midea Group 000333 ¥89.60 ¥129.20 +44% vs VOSYS
Zhejiang Supor Co 002032 ¥45.36 ¥50.78 +12% vs VOSYS
Mohawk Industries, Inc MHK $150.52 $114.64 −24% vs VOSYS
COWAY Co 021240 107,600 KRW 76,574 KRW −29% vs VOSYS
King Slide Works Co 2059 8,010 TWD 4,427 TWD −45% vs VOSYS
SharkNinja, Inc SN $222.95 $101.56 −54% vs VOSYS
Somnigroup International Inc SGI $64.17 $29.05 −55% vs VOSYS
Guangdong Songfa Ceramics Co 603268 ¥149.45 ¥31.45 −79% vs VOSYS

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Cite: Fair Value Calculator (2026). "Vogiatzoglou Systems S.A Fair Value". https://www.fairvalue-calculator.com/stock/VOSYS

Frequently asked questions

Is Vogiatzoglou Systems S.A (VOSYS) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €2.56 versus a price of €1.83, about +40% upside (undervalued).
What is the fair value of VOSYS?
Our model-based fair value for Vogiatzoglou Systems S.A is €2.56 (as of Nov 5, 2026), built from audited fundamentals. The current price: €1.83.
What is the quality score of VOSYS?
Vogiatzoglou Systems S.A has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Vogiatzoglou Systems S.A (VOSYS)?
Our model-based price target is the fair value of €2.56 (as of Nov 5, 2026) from 17 valuation models. Cautious scenario €2.32, optimistic scenario €3.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Vogiatzoglou Systems S.A stock forecast for 2026?
Our models put fair value at €2.56, about +40% upside versus a price of €1.83 (undervalued). Cautious scenario €2.32, optimistic scenario €3.80. The calculation is refreshed regularly with new filings.
What is the revenue of Vogiatzoglou Systems S.A (VOSYS)?
Vogiatzoglou Systems S.A reported trailing-twelve-month revenue of about €42.8M (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Vogiatzoglou Systems S.A (VOSYS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vogiatzoglou Systems S.A it is €2.56 per share (as of Nov 5, 2026), against a price of €1.83. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Vogiatzoglou Systems S.A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, VOSYS trades below its calculated fair value: price €1.83, fair value €2.56, a gap of about +40% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VOSYS?
No. The price is what the market pays today (€1.83); the fair value is what the company's own numbers justify (€2.56). For Vogiatzoglou Systems S.A the two are €0.7300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vogiatzoglou Systems S.A worth?
The market values Vogiatzoglou Systems S.A at about €11.6M (market capitalisation, as of Nov 5, 2026). Per share that is €1.83; our models calculate a fair value of €2.56 per share.
What do the bullish and bearish scenarios say about VOSYS?
Our models span a range for Vogiatzoglou Systems S.A: cautious scenario €2.32, base €2.56, optimistic €3.80 per share (as of Nov 5, 2026, price €1.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VOSYS?
Vogiatzoglou Systems S.A trades at a price-to-earnings ratio of 43.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.56 is built from several models across several years.
How solid is the balance sheet of Vogiatzoglou Systems S.A (VOSYS)?
Balance-sheet figures for Vogiatzoglou Systems S.A (as of Nov 5, 2026): return on equity 9.1%, debt of 0.05 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is VOSYS from its 52-week high?
Vogiatzoglou Systems S.A trades at €1.83, about 26% below its 52-week high of €2.46 and 1% above the low of €1.82 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €2.56 is for.
Which stocks are comparable to Vogiatzoglou Systems S.A?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Vogiatzoglou Systems S.A stock attractive at the current price?
The data as of Nov 5, 2026: price €1.83, calculated fair value €2.56 (+40%), Quality Score 59/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VOSYS calculated?
We run Vogiatzoglou Systems S.A through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €2.56 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Vogiatzoglou Systems S.A currently trades 29% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Vogiatzoglou Systems S.A (VOSYS)?
The closing price on Nov 6, 2026 was €1.83. Our model-based fair value is €2.56, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vogiatzoglou Systems S.A right now?
The price is below even our cautious bear case (€2.32). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Vogiatzoglou Systems S.A

How large is the market capitalisation of Vogiatzoglou Systems S.A (VOSYS)?
The market capitalisation of Vogiatzoglou Systems S.A is €11.6M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Vogiatzoglou Systems S.A (VOSYS)?
The price-to-sales ratio of Vogiatzoglou Systems S.A is 2.14 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vogiatzoglou Systems S.A (VOSYS)?
Earnings per share at Vogiatzoglou Systems S.A are €0.0420 (price ÷ EPS = P/E 43.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Vogiatzoglou Systems S.A (VOSYS)?
The net margin of Vogiatzoglou Systems S.A is 4.9% (fiscal year 2022). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Vogiatzoglou Systems S.A (VOSYS)?
The return on equity (ROE) of Vogiatzoglou Systems S.A is 9.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Vogiatzoglou Systems S.A (VOSYS)?
On an EBIT basis the return on assets of Vogiatzoglou Systems S.A is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Vogiatzoglou Systems S.A (VOSYS)?
The operating margin of Vogiatzoglou Systems S.A is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vogiatzoglou Systems S.A (VOSYS)?
Revenue at Vogiatzoglou Systems S.A is growing +24.8% versus a year earlier (3y avg +9.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Vogiatzoglou Systems S.A (VOSYS)?
Earnings per share at Vogiatzoglou Systems S.A are growing −9.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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