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Viscom SE (V6C) Fair Value & Analysis

Technology · DE · Market cap €45.3M

VS Viscom SE V6C · XETRA
Price€5.18
Fair Value€3.77
Upside-27.2%
Quality44/100
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Expensive Growth
Loss-making · -12.8% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 10/100
Evidence: Low Range €1.93 – €5.61 Share as image

Fair value as of: Jul 14, 2026

From 2 valuation models · updated 27 days ago

Share price +1.6% over the past month.

Below-average quality, and screening another 27% overvalued on our models.

What matters now

  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (€1.93 to €5.61). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

€14.37 €2.84 Fair Value €3.77 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €2.84 – €14.37 · fair‑value band €1.93 – €5.61 · the €5.18 price screens above the €3.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Viscom SE (V6C) currently trades at €5.18, while our model-based Fair Value estimate is €3.77, implying the stock looks roughly 27.2% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Viscom SE generated revenue of €76.0M at a net margin of -12.8%. Revenue declined 26.4% year over year. It earns a return on equity of -22.2%. Net debt stands at €31.9M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €1.93 (bear case) to €5.61 (bull case); at €5.18, the current price sits within 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 20% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -27%, V6C 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
EV/EBITDA €5.94 €7.78 €9.62 54
NCAV (Graham) €2.49 €3.33 €4.98 50
All 2 models by family
Multiples
EV/EBITDA €5.94 €7.78 €9.62 54
Asset-Based
NCAV (Graham) €2.49 €3.33 €4.98 50

Widest divergence: Multiples (€7.78) versus Asset-Based (€3.33). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) €76.0M
Revenue growth (YoY) -26.4%
Net margin -12.8%
Return on equity -22.2%
Free cash flow −€7.1M FY2025
Operating margin -27.5%
More key figures
EPS (TTM) €-0.6100
EPS growth (YoY) -50.9%
Net debt €31.9M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 40

Profitability 15
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 82
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

Viscom SE develops, manufactures, and sells inspection systems for industrial production applications in Europe, the United States, and Asia. The company offers products for solder paste inspection, optical inspection, X-ray inspection, conformal coating inspection, battery inspection, and bond inspection, as well as software solutions.

Full company description

Viscom SE develops, manufactures, and sells inspection systems for industrial production applications in Europe, the United States, and Asia. The company offers products for solder paste inspection, optical inspection, X-ray inspection, conformal coating inspection, battery inspection, and bond inspection, as well as software solutions. It also provides application and customer support, training, maintenance, and reconstruction and modernization services. Viscom SE was founded in 1984 and is headquartered in Hanover, Germany. Viscom SE operates as a subsidiary of HPC Vermögensverwaltung GmbH.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Viscom SE reported revenue of €81.7M in FY2025 versus €79.5M in FY2021, a compound +0.7%/yr. Reported net income was −€5.4M in FY2025.

Growth Quality 19/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€81.7M
Latest YoY
−2.8%
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.
−8.2%
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.
+6.0%
Avg. growth/yr (19Y) 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.
+2.3%
Revenue +0.7%/yr
FY21 €79.5M
FY22 €106M
FY23 €119M
FY24 €84.1M
FY25 €81.7M
Net income
FY21 €2.6M
FY22 €5.4M
FY23 €3.0M
FY24 −€9.4M
FY25 −€5.4M

V6C screens 27% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Viscom SE Fair Value". https://www.fairvalue-calculator.com/stock/V6C

Peer Group

Scientific & Technical Instruments · 161 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 42 · Bottom 25%
Fair Value upside −27% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) -13% · Bottom 25%
Operating margin (TTM) -28% · Bottom 25%
Revenue growth -27% · Bottom 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/B 1.18× · Cheaper than median
P/S (TTM) 0.69× · Cheaper than 75% of peers
PEG 2.03× · 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 0 · sector 0
FUTURE 0 · sector 34
PAST 0 · sector 25
HEALTH 100 · sector 98
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Viscom SE (V6C) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €3.77 versus a price of €5.18, about −27% (overvalued).
What is the fair value of V6C?
Our model-based fair value for Viscom SE is €3.77 (as of Jul 14, 2026), built from audited fundamentals. The current price is €5.18.
What is the quality score of V6C?
Viscom SE has a Quality Score of 44/100. 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 Viscom SE (V6C)?
Viscom SE reported trailing-twelve-month revenue of about €76.0M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of V6C?
The net profit margin of Viscom SE is about -12.8%, 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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