VCM.TO (VCM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of VCM.TO C$33.59, price C$12.50, upside +168.7%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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VCM.TO
VCM · TOClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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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 24, 2026.
How to read this chart
60‑month range C$8.31 – C$22.05 · fair‑value band C$20.69 – C$51.11 · the C$12.50 price screens below the C$33.59 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 24, 2026.
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Company profile
Vecima Networks Inc. engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. It operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics.
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Vecima Networks Inc. engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. It operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver internet connectivity to homes over cable and fiber, as well as adapt video services. Its principal products include Terrace and Terrace QAM, which are designed to meet the needs of the business services verticals, such as multi- dwelling units, hotels, motels, and resorts; and Entra distributed access architecture platform comprising Entra Cloud, Entra Remote PHY, Entra Remote MACPHY, Entra vPON, Entra Video QAM, Entra cable access, EntraOptical, and EntraVideo that addresses the network migration from legacy architectures to distributed access architectures. The Content Delivery and Storage segment offers solutions and software for service providers and content owners that focuses on ingesting, producing, storing, delivering, and streaming video for live linear, video on demand, network digital video recorder, and time-shifted services over the internet under the MediaScale brand. The Telematics segment provides information and analytics for fleet managers to manage their mobile and fixed assets under the Contigo and Nero Global Tracking brand names. In also provides lifecycle program management; installation and commission; training and certification; workforce optimization; and operations and customer support services. The company was incorporated in 1988 and is headquartered in Victoria, Canada. Vecima Networks Inc. operates as a subsidiary of 684739 B.C. Ltd.
Stock analysis
VCM.TO (VCM) currently trades at C$12.50, while our model-based Fair Value estimate is C$33.59, implying the stock looks roughly 62.8% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$31.67 per share, and 9 of the 11 models we run sit above the C$12.50 price.
Bear case: the Asset-Based group reads lowest at C$5.88, and 2 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: C$20.69 (bear) to C$51.11 (bull), the price of C$12.50 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 54/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
VCM.TO reported revenue of C$286M in FY2025 versus C$124M in FY2021, a compound +23.2%/yr. Reported net income was −C$17.8M in FY2025.
Key figures
Market cap C$304M (≈ $215M) · P/S ratio 1.11 · EPS (TTM) C$−0.5400 · Dividend yield 1.8% · Net margin −6.2% · Return on equity −5.9% · Return on assets (EBIT) 4.0% · Operating margin 1.8%.
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 11% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −46% fair-value upside, at 169%, VCM screens cheaper than that median.
Fair Value models
All 11 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 59
Revenue & earnings trend
Growth Forecast
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Compare VCM.TO with another stock
Price, fair value, quality and upside side by side.
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.Communication Equipment · 311 stocks
Valuation Multiplesvs Communication Equipment median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Canadian Stocks
- Valuation of the Canada market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $106.44 | $117.08 | +10% |
| Zhongji Innolight Co 300308 | ¥927.72 | ¥349.40 | −62% |
| Foxconn Industrial Internet Co 601138 | ¥62.98 | ¥14.18 | −77% |
| Eoptolink Technology Inc 300502 | ¥455.00 | ¥329.86 | −28% |
| Nokia Oyj NOK | $10.82 | $3.74 | −65% |
| Motorola Solutions, Inc MSI | $456.70 | $248.10 | −46% |
| Ciena Corporation CIEN | $368.56 | $48.80 | −87% |
| Suzhou TFC Optical Communication Co 300394 | ¥275.84 | ¥87.34 | −68% |
| Accton Technology Corporation 2345 | 1,895 TWD | 2,085 TWD | +10% |
| Ubiquiti Inc UI | $580.88 | $542.64 | −7% |
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