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Viohalco S.A (VIO) Fair Value & Analysis

Industrials · BE · Market cap €4.9B

VS Viohalco S.A VIO · BR
Price€18.10
Fair Value€13.28
Upside-26.6%
Quality51/100
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Expensive Growth
Thin margins · 3.5% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/14)
Narrow moat 34/100
Evidence: Medium Range €7.55 – €22.45 Share as image

Fair value as of: Aug 6, 2026

From 24 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from €13.81 to €13.28 (−3.8%) since Jul 19, 2026. Share price +1.0% over the past month.

A solid business, but screening 27% overvalued on our models.

What matters now

  • The model range is unusually wide (€7.55 to €22.45). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€22.49 €3.08 Fair Value €13.28 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range €3.08 – €22.49 · fair‑value band €7.55 – €22.45 · the €18.10 price screens above the €13.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Viohalco S.A (VIO) currently trades at €18.10, while our model-based Fair Value estimate is €13.28, implying the stock looks roughly 26.6% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials 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: medium).

Over the trailing twelve months, Viohalco S.A generated revenue of €7.2B at a net margin of 3.3%. Revenue grew 11.2% year over year. It earns a return on equity of 12.4%. Net debt stands at €1.5B. Fundamentals as of Aug 6, 2026

Our scenario range runs from €7.55 (bear case) to €22.45 (bull case); at €18.10, 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 249% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -27%, VIO 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 BearBaseBull Evidence
Highest evidence
Growth DCF €0.0300 €0.8800 €2.04 80
Residual Income €7.28 €8.24 €14.69 76
ROIC Compounder €14.74 €18.93 €23.82 72
All 24 models by family
DCF Models
FCF DCF €0.0100 €0.9700 €2.37 38
5Y Revenue Exit €10.14 €20.02 €32.89 39
5Y EBITDA Exit €13.55 €26.39 €41.55 41
5Y P/E Exit €6.92 €14.01 €21.50 38
10Y Revenue Exit €5.76 €13.74 €24.85 36
10Y EBITDA Exit €8.42 €18.06 €31.30 37
10Y P/E Exit €4.29 €9.67 €16.38 35
Earnings-Based
Graham-Dodd €6.18 €19.00 €25.24 54
Lynch FV €4.10 €5.86 €7.62 50
PEG = 1.0 €4.10 €5.86 €7.62 46
EPV €13.78 €16.25 €18.38 59
Dividend Discount
Gordon GGM €1.41 €2.80 €4.24 70
DDM Multi-Stage €1.41 €2.27 €2.96 61
Multiples
P/E Multiple €14.30 €19.07 €23.84 63
P/S Multiple €11.58 €15.44 €19.30 58
P/B Multiple €11.58 €15.44 €19.30 55
EV/EBIT €24.30 €33.01 €41.72 53
EV/EBITDA €24.17 €32.85 €41.52 54
EV/Revenue €16.81 €24.81 €32.80 43
Asset-Based
NCAV (Graham) €4.09 €5.49 €8.19 50
Growth DCF
Growth DCF €0.0300 €0.8800 €2.04 80
Economic Profit
Residual Income €7.28 €8.24 €14.69 76
ROIC Compounder €14.74 €18.93 €23.82 72
Growth Earnings
Growth-Adj P/E €11.78 €16.83 €21.88 68

Widest divergence: Multiples (€19.07) versus Growth DCF (€0.8800). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €7.3B
Revenue growth (YoY) +11.3%
Net margin 3.5%
Return on equity 12.4%
Free cash flow €44.7M FY2025
P/E ratio 20.8
More key figures
Operating margin 7.3%
EPS (TTM) €0.9100
EPS growth (YoY) +48.3%
Net debt €1.5B FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 69

Profitability 40
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 86
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

Viohalco S.A., through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products. The company operates through seven segments: Aluminium, Copper, Cables, Steel Pipes, Steel, Real Estate, and Other Activities.

Full company description

Viohalco S.A., through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products. The company operates through seven segments: Aluminium, Copper, Cables, Steel Pipes, Steel, Real Estate, and Other Activities. The Aluminium segment offers aluminium products, including coils, strips, sheets, and foils for various applications; and rolled and extruded products for construction, rigid and flexible packaging, transportation, household, industrial, architectural systems, and automotive applications, as well as lithographic coils. The Copper segment provides copper and copper alloy, such as copper and brass tubes, copper strips, sheets and plates, copper bus bars, and rods. The Cables segment manufactures power, telecommunication and submarine cables, as well as enameled wires and plastic and rubber compounds. The Steel Pipes provides onshore and offshore pipelines for gas and liquid fuel, CO2, and hydrogen transportation; casing steel pipes used in exploratory drillings; and hollow structural sections used in the construction sector. The Steel segment offers long, flat, and downstream steel products. The Real Estate segment develops and manages large-scale commercial and industrial properties. The Other Activities segment produces products and solutions for the optimization of industrial and business processes. The company serves packaging, transportation, building and construction, energy and power networks, heating, ventilation, air conditioning and refrigeration, water supply, telecommunications and printing, and various industrial applications. It operates in the United States, Greece, the European Union, Asia, Africa, Oceania, and Other European countries. Viohalco S.A. was incorporated in 1937 and is headquartered in Brussels, Belgium.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Viohalco S.A reported revenue of €7.2B in FY2025 versus €5.4B in FY2021, a compound +7.7%/yr. Reported net income was €235M in FY2025, compounding +4.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€7.2B
Latest YoY
+9.1%
Avg. growth/yr (3Y)
+1.1%
Avg. growth/yr (5Y)
+13.4%
Avg. growth/yr (21Y)
+5.9%
Revenue +7.7%/yr
FY21 €5.4B
FY22 €7.0B
FY23 €6.3B
FY24 €6.6B
FY25 €7.2B
Net income +4.8%/yr
FY21 €195M
FY22 €266M
FY23 €48.2M
FY24 €161M
FY25 €235M

VIO screens 27% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Viohalco S.A Fair Value". https://www.fairvalue-calculator.com/stock/VIO

Peer Group

Metal Fabrication · 243 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 51 · Above median
Fair Value upside −27% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 20.8× · Cheaper than median
P/B 2.67× · Pricier than median
P/S (TTM) 0.77× · Cheaper than median
P/FCF 127.1× · Pricier than 75% of peers
EV/EBITDA 8.8× · Cheaper 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 57 · sector 35
PAST 50 · sector 21
HEALTH 72 · sector 95
DIVIDEND 0 · sector 25

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.

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10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

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Frequently asked questions

Is Viohalco S.A (VIO) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €13.28 versus a price of €18.10, about −27% (overvalued).
What is the fair value of VIO?
Our model-based fair value for Viohalco S.A is €13.28 (as of Aug 6, 2026), built from audited fundamentals. The current price is €18.10.
What is the quality score of VIO?
Viohalco S.A has a Quality Score of 51/100. 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 Viohalco S.A (VIO)?
Viohalco S.A reported trailing-twelve-month revenue of about €7.2B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of VIO?
The net profit margin of Viohalco S.A is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. 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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