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Rapala VMC Corporation (RAP1V) Fair Value & Analysis

Consumer Cyclical · FI · Market cap €47.7M

RV Rapala VMC Corporation RAP1V · HE
Price€1.33
Fair Value€2.44
Upside+83.5%
Quality46/100
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Weak Growth
Loss-making · -2.2% net margin
Moderate debt · generates free cash flow
Trails peers (5/13)
Narrow moat 22/100
Evidence: Medium Range €1.88 – €4.10 Share as image

Fair value as of: Jul 18, 2026

From 10 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €2.47 to €2.44 (−1.2%) since Jun 25, 2026. Share price +9.5% over the past month.

Below-average quality, screening 83% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€1.88). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€1.88 to €4.10) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€10.36 €0.9480 Fair Value €2.44 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €0.9480 – €10.36 · fair‑value band €1.88 – €4.10 · the €1.33 price screens below the €2.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Rapala VMC Corporation (RAP1V) currently trades at €1.33, while our model-based Fair Value estimate is €2.44, implying the stock looks roughly 83.5% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Rapala VMC Corporation generated revenue of €228M at a net margin of -2.2%. Revenue grew 4.1% year over year. It earns a return on equity of -0.1%. Net debt stands at €98.7M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €1.88 (bear case) to €4.10 (bull case); at €1.33, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 83%, RAP1V screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
ROIC Compounder €1.02 €1.29 €1.50 72
EPV €1.02 €1.29 €1.50 59
EV/EBITDA €4.64 €6.59 €8.53 54
All 10 models by family
DCF Models
5Y Revenue Exit €0.4300 €1.53 €3.14 39
5Y EBITDA Exit €1.55 €3.46 €6.00 41
10Y Revenue Exit €0.3700 €1.11 36
10Y EBITDA Exit €0.3400 €1.39 €2.54 37
Earnings-Based
EPV €1.02 €1.29 €1.50 59
Multiples
EV/EBIT €3.45 €5.00 €6.54 53
EV/EBITDA €4.64 €6.59 €8.53 54
EV/Revenue €1.94 €3.28 €4.62 43
Asset-Based
NCAV (Graham) €1.46 €1.96 €2.92 50
Economic Profit
ROIC Compounder €1.02 €1.29 €1.50 72

Widest divergence: Multiples (€5.00) versus Earnings-Based (€1.29). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €228M
Revenue growth (YoY) +4.1%
Net margin -2.2%
Return on equity -0.1%
Free cash flow €1.2M FY2025
Operating margin 3.5%
More key figures
EPS (TTM) €-0.2300
EPS growth (YoY) -74.3%
Net debt €98.7M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 61

Profitability 22
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Rapala VMC Corporation, together with its subsidiaries, operates as a fishing tackle company in Finland, rest of Nordic countries, Russia, France, rest of European countries, the United States, rest of North America, and internationally. The company offers fishing lures, baits, hooks, reels, lines, rods, tools, and accessories.

Full company description

Rapala VMC Corporation, together with its subsidiaries, operates as a fishing tackle company in Finland, rest of Nordic countries, Russia, France, rest of European countries, the United States, rest of North America, and internationally. The company offers fishing lures, baits, hooks, reels, lines, rods, tools, and accessories. It also manufactures and distributes fishing tackle, outdoor, and winter sports equipment. The company offers its products under the Rapala, Okuma, 13 Fishing, Strike Master, VMC, Sufix, Storm, Dynamite, Marttiini, Peltonen, Williamson, Blue Fox, Carp Spirit, Luhr-Jensen, Ragot, Terminator, Remen's, and Elbe brands. Rapala VMC Corporation was founded in 1936 and is based in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rapala VMC Corporation reported revenue of €228M in FY2025 versus €294M in FY2021, a compound −6.2%/yr. Reported net income was −€4.9M in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€228M
Latest YoY
+3.0%
Avg. growth/yr (3Y) 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.
−6.1%
Avg. growth/yr (5Y) 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.
−2.7%
Avg. growth/yr (25Y) 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.
+2.7%
Revenue −6.2%/yr
FY21 €294M
FY22 €274M
FY23 €222M
FY24 €221M
FY25 €228M
Net income
FY21 €18.2M
FY22 €3.7M
FY23 −€7.3M
FY24 €400K
FY25 −€4.9M

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Cite: Fair Value Calculator (2026). "Rapala VMC Corporation Fair Value". https://www.fairvalue-calculator.com/stock/RAP1V

Peer Group

Leisure · 191 stocks

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.

Quality Score 46 · Below median
Fair Value upside +84% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) -2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 4% · Above median
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Leisure median · lower = cheaper

P/B 0.49× · Cheaper than 75% of peers
P/S (TTM) 0.24× · Cheaper than 75% of peers
P/FCF 45.9× · Pricier than 75% of peers
EV/EBITDA 7.2× · Cheaper than median
PEG 1.59× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 14
FUTURE 21 · sector 18
PAST 0 · sector 19
HEALTH 72 · sector 94
DIVIDEND 0 · sector 52

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
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Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Rapala VMC Corporation (RAP1V) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €2.44 versus a price of €1.33, about +83% (undervalued).
What is the fair value of RAP1V?
Our model-based fair value for Rapala VMC Corporation is €2.44 (as of Jul 18, 2026), built from audited fundamentals. The current price is €1.33.
What is the quality score of RAP1V?
Rapala VMC Corporation has a Quality Score of 46/100. 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 revenue of Rapala VMC Corporation (RAP1V)?
Rapala VMC Corporation reported trailing-twelve-month revenue of about €228M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of RAP1V?
The net profit margin of Rapala VMC Corporation is about -2.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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