VAA Vista Alegre Atlantis SGPS SA (VAF) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of VAA Vista Alegre Atlantis SGPS SA €0.44, price €1.07, upside -58.9%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €0.6550 – €1.42 · fair‑value band €0.2600 – €0.5800 · the €1.07 price screens above the €0.4400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Vista Alegre Atlantis, SGPS, S.A. produces, distributes, and sells porcelain and complementary, crystal and hand-made glass, stoneware, and earthenware articles in Portugal, the Netherlands, France, Spain, Germany, Italy, the United States, Brazil, the United Kingdom, Belgium, rest of Europe, and internationally.
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Vista Alegre Atlantis, SGPS, S.A. produces, distributes, and sells porcelain and complementary, crystal and hand-made glass, stoneware, and earthenware articles in Portugal, the Netherlands, France, Spain, Germany, Italy, the United States, Brazil, the United Kingdom, Belgium, rest of Europe, and internationally. The company offers dinnerware, crystalware, glassware, flatware, and first house products; home decor products, including furniture and home cosmetics; textile products comprising fashion accessories, table, and home textiles; and gift products. It sells its products through its own retail network, independent retail distributors, and online sales under the Vista Alegre brand. The company was founded in 1824 and is headquartered in Ílhavo, Portugal. Vista Alegre Atlantis, SGPS, S.A. is a subsidiary of Visabeira Indústria SGPS, S.A.
Stock analysis
VAA Vista Alegre Atlantis SGPS SA (VAF) currently trades at €1.07, while our model-based Fair Value estimate is €0.4400, implying the stock looks roughly 143.2% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €0.5400 per share, and 2 of the 23 models we run sit above the €1.07 price.
Bear case: the Earnings-Based group reads lowest at €0.1300, and 21 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: €0.2600 (bear) to €0.5800 (bull), the price of €1.07 sits above 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
VAA Vista Alegre Atlantis SGPS SA reported revenue of €144M in FY2025 versus €117M in FY2021, a compound +5.4%/yr. Reported net income was €4.1M in FY2025, compounding +26.8%/yr from FY2021.
Key figures
Market cap €179M · P/E ratio 35.7 · P/S ratio 1.02 · EPS (TTM) €0.0300 · Dividend yield 0.1% · Net margin 2.8% · Return on equity 4.7% · Return on assets (EBIT) 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 6% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at −59%, VAF screens richer than that median.
Fair Value models
Bear €0.2600Fair Value €0.4400Bull €0.5800
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 (€0.0220 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.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.65/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.5%
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.
+0.2%
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.
+5.5%
Start year 2020 (pandemic). Over 10 years: +7.2% a year
Revenue growth 24 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.
+0.6%
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What shareholders gained per year (last 5 years) ⓘ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.
−1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.4%
Dividend (yield on the price)0.1%
Profit margin 2020 to 2025 ⓘ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.2% → 8%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+29.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +26.7% a year for the price.
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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 · 317 stocks
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Cite: Fair Value Calculator (2026). "VAA Vista Alegre Atlantis SGPS SA Fair Value". https://www.fairvalue-calculator.com/stock/VAF
Frequently asked questions
Is VAA Vista Alegre Atlantis SGPS SA (VAF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.4400 versus the last price from Sep 18, 2026 of €1.07, about −59% upside (overvalued).
What is the fair value of VAF?
Our model-based fair value for VAA Vista Alegre Atlantis SGPS SA is €0.4400 (as of Sep 23, 2026), built from audited fundamentals. Last price (from Sep 18, 2026): €1.07.
What is the quality score of VAF?
VAA Vista Alegre Atlantis SGPS SA has a Quality Score of 48/100. 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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
Our model-based price target is the fair value of €0.4400 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario €0.2600, optimistic scenario €0.5800. It is a calculation from audited fundamentals, not an analyst target.
What is the VAA Vista Alegre Atlantis SGPS SA stock forecast for 2026?
Our models put fair value at €0.4400, about −59% upside versus the last price from Sep 18, 2026 of €1.07 (overvalued). Cautious scenario €0.2600, optimistic scenario €0.5800. The calculation is refreshed regularly with new filings.
What is the revenue of VAA Vista Alegre Atlantis SGPS SA (VAF)?
VAA Vista Alegre Atlantis SGPS SA reported trailing-twelve-month revenue of about €143M (latest available figure, as of Sep 23, 2026).
Does VAA Vista Alegre Atlantis SGPS SA pay a dividend?
VAA Vista Alegre Atlantis SGPS SA currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 23, 2026).
What growth is priced into VAA Vista Alegre Atlantis SGPS SA (VAF)?
For today's price to be fair in a discounted-cash-flow model, VAA Vista Alegre Atlantis SGPS SA would have to grow free cash flow by +29.5 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of VAF use?
Our models discount VAA Vista Alegre Atlantis SGPS SA at 12.6 %: a base by market capitalisation (micro), damped by beta 0.19, country premium for Portugal. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For VAA Vista Alegre Atlantis SGPS SA that is +29.5 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has VAA Vista Alegre Atlantis SGPS SA (VAF) delivered so far?
Over the past 5 years revenue at VAA Vista Alegre Atlantis SGPS SA grew +5.5 % a year. The price currently implies +29.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of VAA Vista Alegre Atlantis SGPS SA (VAF) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into VAA Vista Alegre Atlantis SGPS SA (+29.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of VAA Vista Alegre Atlantis SGPS SA (VAF)?
The free-cash-flow yield on the price is 3.56 %: that much free cash flow VAA Vista Alegre Atlantis SGPS SA produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of VAA Vista Alegre Atlantis SGPS SA (VAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VAA Vista Alegre Atlantis SGPS SA it is €0.4400 per share (as of Sep 23, 2026), against a price of €1.07. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is VAA Vista Alegre Atlantis SGPS SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, VAF trades above its calculated fair value: price €1.07, fair value €0.4400, a gap of about −59% (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 VAF?
No. The price is what the market pays today (€1.07); the fair value is what the company's own numbers justify (€0.4400). For VAA Vista Alegre Atlantis SGPS SA the two are €0.6300 per share apart. That gap is exactly why we show both numbers side by side.
How much is VAA Vista Alegre Atlantis SGPS SA worth?
The market values VAA Vista Alegre Atlantis SGPS SA at about €179M (market capitalisation, as of Sep 23, 2026). Per share that is €1.07; our models calculate a fair value of €0.4400 per share.
What do the bullish and bearish scenarios say about VAF?
Our models span a range for VAA Vista Alegre Atlantis SGPS SA: cautious scenario €0.2600, base €0.4400, optimistic €0.5800 per share (as of Sep 23, 2026, price €1.07). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VAF?
VAA Vista Alegre Atlantis SGPS SA trades at a price-to-earnings ratio of 35.7 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.4400 is built from several models across several years. Other multiples: PEG 0.1, P/B 2.2, P/S 1.4, EV/EBITDA 11.8.
What is the PEG ratio of VAF?
The PEG ratio of VAA Vista Alegre Atlantis SGPS SA is 0.12 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of VAA Vista Alegre Atlantis SGPS SA (VAF)?
Balance-sheet figures for VAA Vista Alegre Atlantis SGPS SA (as of Sep 23, 2026): return on equity 4.7%, debt of 0.75 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is VAF from its 52-week high?
VAA Vista Alegre Atlantis SGPS SA trades at €1.07, about 4% below its 52-week high of €1.12 and 6% above the low of €1.01 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of €0.4400 is for.
Which stocks are comparable to VAA Vista Alegre Atlantis SGPS SA?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works 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 VAA Vista Alegre Atlantis SGPS SA stock attractive at the current price?
The data as of Sep 23, 2026: price €1.07, calculated fair value €0.4400 (−59%), Quality Score 48/100, from 23 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 VAF calculated?
We run VAA Vista Alegre Atlantis SGPS SA through 23 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 €0.4400, 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 13.0 % above its aggregate fair value. VAA Vista Alegre Atlantis SGPS SA 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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
The latest price we hold is from Sep 18, 2026 and stands at €1.07. Our model-based fair value is €0.4400, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VAA Vista Alegre Atlantis SGPS SA right now?
The price sits above even our optimistic bull case (€0.5800). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€0.2600 to €0.5800) leaves room in how you read the outcome.
Key figures of VAA Vista Alegre Atlantis SGPS SA
How large is the market capitalisation of VAA Vista Alegre Atlantis SGPS SA (VAF)?
The market capitalisation of VAA Vista Alegre Atlantis SGPS SA is €179M. 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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
The price-to-sales ratio of VAA Vista Alegre Atlantis SGPS SA is 1.02 (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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
Earnings per share at VAA Vista Alegre Atlantis SGPS SA are €0.0300 (price ÷ EPS = P/E 35.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of VAA Vista Alegre Atlantis SGPS SA (VAF)?
The dividend yield of VAA Vista Alegre Atlantis SGPS SA is 0.1% (payout 2.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of VAA Vista Alegre Atlantis SGPS SA (VAF)?
The net margin of VAA Vista Alegre Atlantis SGPS SA is 2.8% (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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
The return on equity (ROE) of VAA Vista Alegre Atlantis SGPS SA is 4.7% (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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
On an EBIT basis the return on assets of VAA Vista Alegre Atlantis SGPS SA is 4.8% (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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
The operating margin of VAA Vista Alegre Atlantis SGPS SA is 14.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VAA Vista Alegre Atlantis SGPS SA (VAF)?
Revenue at VAA Vista Alegre Atlantis SGPS SA is growing +1.9% versus a year earlier (3y avg +0.2%). 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 VAA Vista Alegre Atlantis SGPS SA (VAF)?
Earnings per share at VAA Vista Alegre Atlantis SGPS SA are growing +3.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does VAA Vista Alegre Atlantis SGPS SA (VAF) carry?
The net debt of VAA Vista Alegre Atlantis SGPS SA is €66.9M (fiscal year 2025, ≈ 10.5 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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