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Vereinigte Filzfabriken AG (VFF) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €15.8M

VF Vereinigte Filzfabriken AG VFF · MU
Price€500.00
Fair Value€638.59
Upside+27.7%
Quality58/100
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Strengths

Trades 28% below our fair value of €638.59
Low debt · generates free cash flow

Risks

!Mixed Growth
!Thin margins · 0.0% net margin
!Mixed vs. peers (7/14)
!Narrow moat 35/100
Mixed Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
3.72% dividend yield
Mixed vs. peers (7/14)
Narrow moat 35/100
Evidence: Medium Range €468.38 – €808.80 Share as image

Fair value as of: Aug 20, 2026

From 13 valuation models · updated yesterday

A solid business, screening 28% undervalued on our models.

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What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from €468.38 (bear) to €808.80 (bull), base €638.59. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

€591.78 €474.50 Fair Value €638.59 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range €474.50 – €591.78 · fair‑value band €468.38 – €808.80 · the €500.00 price screens below the €638.59 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Vereinigte Filzfabriken AG (VFF) currently trades at €500.00, while our model-based Fair Value estimate is €638.59, implying the stock looks roughly 27.7% undervalued today. The Quality Score stands at 58/100 (solid 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.

Trailing-twelve-month revenue stands at €25.1M. Revenue grew 3.1% year over year. Net debt stands at €1.3M. The stock trades on a trailing P/E of 17.7. Fundamentals as of Aug 20, 2026

Our scenario range runs from €468.38 (bear case) to €808.80 (bull case); at €500.00, 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 14% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at 28%, VFF 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
Growth DCF €443.73 €544.76 €698.39 80
Rev-Margin DCF €398.10 €558.98 €760.28 74
ROIC Compounder €283.49 €320.95 €353.85 72
All 13 models by family
DCF Models
FCF DCF €433.40 €540.81 €717.68 38
5Y Revenue Exit €398.10 €547.03 €764.74 39
5Y EBITDA Exit €440.00 €619.13 €858.25 41
10Y Revenue Exit €405.00 €507.98 €616.74 36
10Y EBITDA Exit €434.38 €546.53 €664.44 37
Earnings-Based
EPV €283.09 €316.15 €342.99 59
Multiples
EV/EBIT €586.18 €779.06 €971.94 53
EV/EBITDA €518.16 €688.37 €858.57 54
EV/Revenue €397.59 €564.75 €731.92 43
Asset-Based
NCAV (Graham) €33.48 €44.86 €66.95 50
Growth DCF
Growth DCF €443.73 €544.76 €698.39 80
Rev-Margin DCF €398.10 €558.98 €760.28 74
Economic Profit
ROIC Compounder €283.49 €320.95 €353.85 72

Widest divergence: Multiples (€688.37) versus Asset-Based (€44.86). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €25.1M
Revenue growth (YoY) +3.1%
Free cash flow €1.8M FY2025
P/E ratio 17.7
Operating margin 2.3%
EPS (TTM) €28.30
More key figures
Dividend yield 3.7%
Net debt €1.3M FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 46

Profitability 49
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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

Vereinigte Filzfabriken AG engages in the production of wool felts for industrial and technical applications in Germany and internationally. The company offers technical and design felts, sealing solutions, caliber-accurate barrel cleaning products, and pipe rehabilitation products.

Full company description

Vereinigte Filzfabriken AG engages in the production of wool felts for industrial and technical applications in Germany and internationally. The company offers technical and design felts, sealing solutions, caliber-accurate barrel cleaning products, and pipe rehabilitation products. It provides its products under the VFG woolTEC, VFG sealTEX, VFG weaponCARE, and VFG lineTEC brand names. The company was founded in 1858 and is based in Heidenheim an der Brenz, Germany. Vereinigte Filzfabriken AG operates as a subsidiary of Wirth Fulda GmbH.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vereinigte Filzfabriken AG reported revenue of €25.1M in FY2025 versus €26.6M in FY2021, a compound −1.4%/yr. Reported net income was €0 in FY2025.

Growth Quality 26/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€25.1M
Latest YoY
+0.1%
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.
−3.7%
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.
+2.1%
Avg. growth/yr (10Y) 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.
−0.4%
Revenue −1.4%/yr
FY21 €26.6M
FY22 €28.1M
FY23 €24.0M
FY24 €25.1M
FY25 €25.1M
Net income
FY21 €0
FY22 €0
FY23 €0
FY24 €0
FY25 €0

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Cite: Fair Value Calculator (2026). "Vereinigte Filzfabriken AG Fair Value". https://www.fairvalue-calculator.com/stock/VFF.MU

Peer Group

Textile Manufacturing · 321 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 58 · Top 25%
Fair Value upside +28% · Above median
Return on assets 9% · Top 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 3% · Above median
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 8.72× · Pricier than 75% of peers
P/S (TTM) 0.73× · Cheaper than median
P/FCF 10.0× · Pricier than 75% of peers
EV/EBITDA 10.4× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE70 · sector 11
FUTURE16 · sector 0
PAST0 · sector 15
HEALTH84 · sector 95
DIVIDEND74 · sector 34

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

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$42.10 HK$68.24 +62%
Tongkun Group 601233 ¥22.67 ¥14.53 -36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.79 ¥14.35 +12%
Far Eastern New Century Corporation 1402 27.55 TWD 25.64 TWD -7%
K.P.R. Mill Limited KPRMILL ₹1,124 ₹467.49 -58%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Ruentex Industries Ltd 2915 54.10 TWD 133.24 TWD +146%
Welspun Living Limited WELSPUNLIV ₹165.23 ₹47.77 -71%
Arvind Limited ARVIND ₹571.85 ₹322.41 -44%

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Frequently asked questions

Is Vereinigte Filzfabriken AG (VFF) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €638.59 versus a price of €500.00, about +28% (undervalued).
What is the fair value of VFF?
Our model-based fair value for Vereinigte Filzfabriken AG is €638.59 (as of Aug 20, 2026), built from audited fundamentals. The current price: €500.00.
What is the quality score of VFF?
Vereinigte Filzfabriken AG has a Quality Score of 58/100. 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 Vereinigte Filzfabriken AG (VFF)?
Vereinigte Filzfabriken AG reported trailing-twelve-month revenue of about €25.1M (latest available figure, as of Aug 20, 2026).
What is the net profit margin of VFF?
The net profit margin of Vereinigte Filzfabriken AG is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Vereinigte Filzfabriken AG pay a dividend?
Vereinigte Filzfabriken AG currently shows a dividend yield of about 3.72% relative to its recent price (as of Aug 20, 2026).

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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