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Vallourec S.A (VK) Fair Value & Analysis

Basic Materials · FR · Market cap €5.5B

VS Vallourec S.A VK · PA
Price€18.54
Fair Value€22.64
Upside+22.1%
Quality58/100
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Mixed Growth
Thin margins · 9.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Moderate moat 56/100
Evidence: High Range €15.79 – €28.42 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 19, 2026, revised from €25.69 to €22.64 (−11.9%) since Jun 24, 2026. Share price −11.9% over the past month.

A solid business, screening 22% undervalued on our models.

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 €15.79 (bear) to €28.42 (bull), base €22.64. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€27.34 €5.67 Fair Value €22.64 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €5.67 – €27.34 · fair‑value band €15.79 – €28.42 · the €18.54 price screens below the €22.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Vallourec S.A (VK) currently trades at €18.54, while our model-based Fair Value estimate is €22.64, implying the stock looks roughly 22.1% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials 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: high), always confirm before acting.

Over the trailing twelve months, Vallourec S.A generated revenue of €4.3B at a net margin of 9.4%. Revenue declined 14.7% year over year. It earns a return on equity of 14.5%. The balance sheet holds a net cash position of €1.0M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €15.79 (bear case) to €28.42 (bull case); at €18.54, 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 33% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 22%, VK 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 €15.05 €19.54 €27.17 80
Residual Income €8.66 €10.57 €19.31 76
Rev-Margin DCF €14.57 €21.15 €29.34 74
All 24 models by family
DCF Models
FCF DCF €14.56 €19.20 €27.75 38
Owner Earnings €14.24 €18.76 €27.12 31
5Y Revenue Exit €14.57 €20.90 €30.11 39
5Y EBITDA Exit €17.96 €26.67 €38.18 41
5Y P/E Exit €15.02 €21.67 €29.59 38
10Y Revenue Exit €14.05 €19.50 €25.74 36
10Y EBITDA Exit €16.49 €23.23 €30.94 37
10Y P/E Exit €14.72 €20.00 €25.41 35
Earnings-Based
Graham-Dodd €9.09 €15.59 €19.04 54
EPV €15.60 €17.97 €20.01 59
Dividend Discount
Gordon GGM €11.68 €14.56 €17.48 70
DDM Multi-Stage €11.68 €15.51 €20.04 61
Multiples
P/E Multiple €17.05 €22.73 €28.42 63
P/S Multiple €16.19 €21.58 €26.98 58
P/B Multiple €17.05 €22.73 €28.42 55
EV/EBIT €24.43 €32.37 €40.32 53
EV/EBITDA €23.20 €30.73 €38.27 54
EV/Revenue €15.70 €22.17 €28.65 43
Asset-Based
NCAV (Graham) €4.36 €5.84 €8.71 50
Growth DCF
Growth DCF €15.05 €19.54 €27.17 80
Rev-Margin DCF €14.57 €21.15 €29.34 74
Economic Profit
Residual Income €8.66 €10.57 €19.31 76
ROIC Compounder €15.86 €18.65 €21.58 72
Growth Earnings
Growth-Adj P/E €12.15 €17.35 €22.56 68

Widest divergence: Multiples (€22.73) versus Asset-Based (€5.84). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €4.3B
Revenue growth (YoY) -14.7%
Net margin 9.4%
Return on equity 14.5%
Free cash flow €384M FY2025
P/E ratio 17.7
More key figures
Operating margin 16.4%
EPS (TTM) €1.35
EPS growth (YoY) -10.7%
Net cash €1.0M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 59 · Market factors (momentum, volatility) 52

Profitability 49
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 55
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

Vallourec S.A., through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in North America, South America, France, the Middle East, Indonesia, and East Asia. It operates through Tubes and Mine & Forests segments.

Full company description

Vallourec S.A., through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in North America, South America, France, the Middle East, Indonesia, and East Asia. It operates through Tubes and Mine & Forests segments. The company offers seamless tubes for refineries, petrochemical facilities, onshore liquefied natural gas (LNG) facilities, and floating LNG facilities, as well as for floating production, storage, and offloading units; VAM connections; rigid subsea line pipes, onshore rigid line pipes, and pipe coating solutions; and carbon steel and steel alloy tubes, hollow bars, and connections. It also provides assistance in lowering tubes, inspecting connections, and supervising assembly; inventory management; engineering; training; on-site services; preparation for drilling operations; and integrated solutions for the subsea pipelines comprising analysis, coating, insulation, bending, logistics, and project management with digital support solutions. In addition, the company offers tubular products for the geothermal; carbon capture, utilization, and storage; and hydrogen industries. Further, it provides tubes and hollow bars, as well as circular, square, rectangular, and octagonal sections for the manufacture of cranes, construction machinery, agricultural machinery, and hydraulic and gas cylinders; and axle tubes and gearbox applications, motorbike frame components, and suspension and stabilizer tubular parts for heavy and light vehicles. Additionally, the company is involved in the iron ore and charcoal production businesses. It serves oil service, engineering, and construction companies; distributors and industrial equipment manufacturers; and energy companies, and carbon capture and storage specialists, as well as geothermal, green hydrogen, and solar developers. Vallourec S.A. was founded in 1890 and is headquartered in Meudon, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vallourec S.A reported revenue of €3.8B in FY2025 versus €3.4B in FY2021, a compound +2.6%/yr. Reported net income was €354M in FY2025, compounding +73.0%/yr from FY2021.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€3.8B
Latest YoY
−5.6%
Avg. growth/yr (3Y)
−7.9%
Avg. growth/yr (5Y)
+3.3%
Avg. growth/yr (24Y)
+1.5%
Revenue +2.6%/yr
FY21 €3.4B
FY22 €4.9B
FY23 €5.1B
FY24 €4.0B
FY25 €3.8B
Net income +73.0%/yr
FY21 €39.5M
FY22 −€366M
FY23 €496M
FY24 €452M
FY25 €354M

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

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Steel · 378 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 +22% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -15% · Bottom 25%
Debt / equity 0.35× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 15.4× · Cheaper than median
P/B 2.75× · Pricier than 75% of peers
P/S (TTM) 1.47× · Pricier than 75% of peers
P/FCF 16.5× · Pricier than 75% of peers
EV/EBITDA 6.8× · Cheaper than median
PEG 7.24× · Pricier than 75% of peers

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 63 · sector 20
FUTURE 0 · sector 4
PAST 58 · sector 15
HEALTH 82 · sector 95
DIVIDEND 0 · sector 41

Insider activity: 40/100

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Vallourec S.A (VK) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €22.64 versus a price of €18.54, about +22% (undervalued).
What is the fair value of VK?
Our model-based fair value for Vallourec S.A is €22.64 (as of Jul 19, 2026), built from audited fundamentals. The current price is €18.54.
What is the quality score of VK?
Vallourec S.A 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 Vallourec S.A (VK)?
Vallourec S.A reported trailing-twelve-month revenue of about €4.3B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of VK?
The net profit margin of Vallourec S.A is about 9.4%, meaning it keeps roughly 9.4% 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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