Vincorion SE (V1NC) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Vincorion SE €11.18, price €17.56, upside -36.3%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Vincorion SE develops and manufactures power and mechatronic solutions for defense platforms and aviation systems in Germany and internationally. The company develops and delivers integrated solutions that generate, manage, and store power for defense and civil protection operations.
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Vincorion SE develops and manufactures power and mechatronic solutions for defense platforms and aviation systems in Germany and internationally. The company develops and delivers integrated solutions that generate, manage, and store power for defense and civil protection operations. The company operates in three segments: Vehicle Systems, Power Systems, and Aviation. The Vehicle Systems segment develops and manufactures energy and stabilisation systems for military vehicles and support vehicles, including Leopard 2 main battle tank, the Puma infantry fighting vehicle, the Boxer armoured fighting vehicle and the PzH 2000 howitzer platforms, as well as selected applications for the rail sector. The Power Systems segment develops and delivers power supply systems for ground-based air defence systems and field-based missions, including gensets and integrated power supply systems for radars, firing, and command units used on platforms such as PATRIOT and IRIS-T, and tactical power systems for military equipment and critical infrastructure. The Aviation segment develops, manufactures, and delivers rescue hoists, heating systems, and other special products for military and civilian applications, such as hydraulic and electrical rescue hoists for helicopters, aircraft heating systems, and special aviation products, consist of radomes and aviation generators for military aircraft and surveillance systems. Vincorion SE was founded in 1895 and is based in Wedel, Germany.
Stock analysis
Vincorion SE (V1NC) currently trades at €17.56, while our model-based Fair Value estimate is €11.18, 36.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €13.99 per share, and 2 of the 24 models we run sit above the €17.56 price.
Bear case: the Economic Profit group reads lowest at €3.11, and 22 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: €6.65 (bear) to €18.18 (bull), the price of €17.56 sits inside 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 56/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Vincorion SE reported revenue of €240M in FY2025 versus €74.9M in FY2022, a compound +47.5%/yr. Reported net income was €19.3M in FY2025, compounding −8.1%/yr from FY2022.
Key figures
Market cap €878M · P/E ratio 33.1 · P/S ratio 2.67 · EPS (TTM) €0.5300 · Net margin 8.0% · Return on equity 34.1% · Return on assets (EBIT) 7.7% · Operating margin 18.8%.
What moves the price
For context, the median of 10 Industrials peers we cover trades at −21% fair-value upside, at −36%, V1NC screens richer than that median.
Fair Value models
Bear €6.65Fair Value €11.18Bull €18.18
Price €17.56 · Upside -36.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.4138 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.
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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.8%
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.
+47.5%
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
9.3% (2022) → 15.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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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.Aerospace & Defense · 232 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−36.3% · Above median
Profitability
Return on equity (TTM)34.1% · Top 25%
Return on assets8.5% · Top 25%
Net margin (TTM)9.3% · Above median
Operating margin (TTM)18.8% · Top 25%
Growth and dividend
Revenue growth44.5% · Top 25%
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (TTM)33.1× · Cheaper than median
P/B13.00× · Priciest 25%
P/S (TTM)3.08× · Pricier than median
P/FCF43.3× · Pricier than median
EV/EBITDA16.5× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 59
PAST (return on equity)100· sector 38
HEALTH (low debt)79· sector 94
DIVIDEND (yield)0· sector 18
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Vincorion SE Fair Value". https://www.fairvalue-calculator.com/stock/V1NC
Frequently asked questions
Is Vincorion SE (V1NC) overvalued or undervalued?
As of Oct 11, 2026, our model estimates a fair value of €11.18 versus a price of €17.56, about −36% upside (overvalued).
What is the fair value of V1NC?
Our model-based fair value for Vincorion SE is €11.18 (as of Oct 11, 2026), built from audited fundamentals. The current price: €17.56.
What is the quality score of V1NC?
Vincorion SE has a Quality Score of 56/100. 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 Vincorion SE (V1NC)?
Our model-based price target is the fair value of €11.18 (as of Oct 11, 2026) from 24 valuation models. Cautious scenario €6.65, optimistic scenario €18.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Vincorion SE stock forecast for 2026?
Our models put fair value at €11.18, about −36% upside versus a price of €17.56 (overvalued). Cautious scenario €6.65, optimistic scenario €18.18. The calculation is refreshed regularly with new filings.
What is the revenue of Vincorion SE (V1NC)?
Vincorion SE reported trailing-twelve-month revenue of about €285M (latest available figure, as of Oct 11, 2026).
What is the intrinsic value of Vincorion SE (V1NC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vincorion SE it is €11.18 per share (as of Oct 11, 2026), against a price of €17.56. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Vincorion SE stock overvalued or undervalued in 2026?
As of Oct 11, 2026, V1NC trades above its calculated fair value: price €17.56, fair value €11.18, a gap of about −36% (overvalued). 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 V1NC?
No. The price is what the market pays today (€17.56); the fair value is what the company's own numbers justify (€11.18). For Vincorion SE the two are €6.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vincorion SE worth?
The market values Vincorion SE at about €878M (market capitalisation, as of Oct 11, 2026). Per share that is €17.56; our models calculate a fair value of €11.18 per share.
What do the bullish and bearish scenarios say about V1NC?
Our models span a range for Vincorion SE: cautious scenario €6.65, base €11.18, optimistic €18.18 per share (as of Oct 11, 2026, price €17.56). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of V1NC?
Vincorion SE trades at a price-to-earnings ratio of 33.1 (as of Oct 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €11.18 is built from several models across several years. Other multiples: P/B 13.0, P/S 3.1, EV/EBITDA 16.5.
How solid is the balance sheet of Vincorion SE (V1NC)?
Balance-sheet figures for Vincorion SE (as of Oct 11, 2026): return on equity 34.1%, debt of 0.41 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
Which stocks are comparable to Vincorion SE?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 Vincorion SE stock attractive at the current price?
The data as of Oct 11, 2026: price €17.56, calculated fair value €11.18 (−36%), Quality Score 56/100, from 24 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 V1NC calculated?
We run Vincorion SE through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €11.18, 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 14.9 % above its aggregate fair value. Vincorion SE itself currently trades above fair value. 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 Vincorion SE (V1NC)?
The closing price on Oct 9, 2026 was €17.56. Our model-based fair value is €11.18, about −36% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vincorion SE right now?
The model range is unusually wide (€6.65 to €18.18). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Vincorion SE
How large is the market capitalisation of Vincorion SE (V1NC)?
The market capitalisation of Vincorion SE is €878M. 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 Vincorion SE (V1NC)?
The price-to-sales ratio of Vincorion SE is 2.67 (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 Vincorion SE (V1NC)?
Earnings per share at Vincorion SE are €0.5300 (price ÷ EPS = P/E 33.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Vincorion SE (V1NC)?
The net margin of Vincorion SE is 8.0% (fiscal year 2025). 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 Vincorion SE (V1NC)?
The return on equity (ROE) of Vincorion SE is 34.1% (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 Vincorion SE (V1NC)?
On an EBIT basis the return on assets of Vincorion SE is 7.7% (avg 4y). 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 Vincorion SE (V1NC)?
The operating margin of Vincorion SE is 18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vincorion SE (V1NC)?
Revenue at Vincorion SE is growing +44.5% versus a year earlier (3y avg +47.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Vincorion SE (V1NC) generate?
The free cash flow of Vincorion SE is €20.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Vincorion SE (V1NC) carry?
The net debt of Vincorion SE is €13.1M (fiscal year 2025, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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