EN DE
Watch Verimatrix for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Verimatrix (VMX) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Verimatrix stock €0.30, price €0.30, upside +1.5%, quality 37 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Technology FR · ISIN FR0010291245

V Verimatrix logo Thin data Nov 10, 2026

Verimatrix

VMX · PA
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Fair value €0.2993 · Fairly valued
Revenue last quarter 18% below a year ago.
Quality 37/100
Weak Growth (revenue 5y −13.3 %/yr in USD)
Loss-making · -37.9% net margin (TTM)
Negative free cash flow
Trails peers (3/9)
Narrow moat 11/100 · thin data
Thin data
Estimate
Watch Verimatrix for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€1.39 €0.1465 Fair Value €0.2993 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range €0.1465 – €1.39 · fair‑value band €0.2245 – €0.3741 · the €0.2950 price screens below the €0.2993 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

Follow Verimatrix in your weekly email

Every Wednesday you see whether Verimatrix is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Verimatrix SA provides security solutions that protect digital content, applications, and devices in France and internationally.

Show moreShow less

The company offers anti-piracy products, including multi-DRM that provides managed access and secure content distribution; watermarking that detects piracy threats and deploys countermeasures to curb abuse; counterspy, which identify content leaks at distribution level and shut down illicit sources; and streamkeeper suite, a tailored solution package aligned with various requirements.

It also offers cybersecurity products, such as web protect, app shield, code shield, and key shield; and Extended Threat Defense, a cybersecurity solution.

It offers security solutions for various markets comprising automotive, e-sports and gaming, financial services, healthcare, Internet of Things, live sports, media and entertainment, pay TV, and streaming media, as well as for content owners.

The company has a strategic collaboration with Velocix to help streaming providers combat piracy, boost paid video subscriptions, and cut CDN costs. The company was formerly known as Inside Secure S.A. and changed its name to Verimatrix SA in July 2019.

Verimatrix SA was incorporated in 1994 and is headquartered in Meyreuil, France.

Stock analysis

Verimatrix (VMX) currently trades at €0.2950, while our estimate is €0.2993, so the stock looks roughly fairly valued today (gap 1.4%).

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: €0.2245 (bear) to €0.3741 (bull), the price of €0.2950 sits inside 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 37/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Verimatrix reported revenue of $46.5M in FY2025 versus $88.5M in FY2021, a compound −14.9%/yr. Reported net income was −$78.6M in FY2025.

Key figures

Market cap €25.9M Micro · P/S ratio 0.63 · EPS (TTM) €−0.1500 · Net margin −37.9% · Return on equity −39.8% · Return on assets (EBIT) −3.3% (5-year average) · Operating margin 0.0% · Revenue (TTM) $41.7M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 11 out of 100 (low confidence).

What moves the price

The share trades about 20% below its 52-week high and 101% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at 1%, VMX screens cheaper than that median.

Fair Value

Bear €0.2245 Fair Value €0.2993 Bull €0.3741
Price €0.2950 · Upside +1.5%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 18
How much profit the company makes from its sales and capital
Quality Growth 21
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 37
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 9
How calm the share price moves, does not count
Price momentum 85
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 83
Distance to the 52-week high, does not count
New shares 76
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.7%
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.
−8.7%
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.
−13.3%
Start year 2020 (pandemic). Over 10 years: +5.6% a year
Revenue growth 15 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.
−3.4%
Profit margin (trend) ⓘ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.
12.4% (2020) → −13.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Watch VMX, get fair value alerts →

Compare Verimatrix with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Software - Infrastructure · 410 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +1.5% · Above median
Profitability
Return on assets −86.0% · Bottom 25%
Net margin (12 months) −37.9% · Bottom 25%
Operating margin (12 months) 0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) −18.2% · Bottom 25%

Valuation Multiplesvs Software - Infrastructure median · lower = cheaper

P/B 0.84× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 0.69× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)35 · sector 22
FUTURE (revenue growth)0 · sector 60
PAST (return on equity)0 · sector 15
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 27

Context: sector, industry, market

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Microsoft Corporation MSFT $533.16 $599.70 +12% vs VMX
Fortinet, Inc FTNT $123.57 $130.72 +6% vs VMX
Oracle Corporation ORCL $117.98 $111.97 −5% vs VMX
Block, Inc XYZ $85.58 $76.43 −11% vs VMX
NetApp, Inc NTAP $175.99 $156.80 −11% vs VMX
Synopsys, Inc SNPS $459.95 $288.23 −37% vs VMX
Zscaler, Inc ZS $194.92 $101.45 −48% vs VMX
Palantir Technologies Inc PLTR $168.82 $42.20 −75% vs VMX
CrowdStrike Holdings CRWD $225.76 $37.97 −83% vs VMX
Palo Alto Networks, Inc PANW $326.36 $39.54 −88% vs VMX

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Verimatrix: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Verimatrix Fair Value". https://www.fairvalue-calculator.com/stock/VMX

Frequently asked questions

Is Verimatrix (VMX) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is €0.2993 versus a price of €0.2950, about +1% upside (fairly valued).
What is the fair value of VMX?
Our estimate for Verimatrix is €0.2993 (as of Nov 10, 2026), built from audited fundamentals. The current price: €0.2950.
What is the quality score of VMX?
Verimatrix has a Quality Score of 37/100. 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 Verimatrix (VMX)?
Our calculated price target is the estimate of €0.2993 (as of Nov 10, 2026). Cautious scenario €0.2245, optimistic scenario €0.3741. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Verimatrix stock forecast for 2026?
Our estimate puts fair value at €0.2993, about +1% upside versus a price of €0.2950 (fairly valued). Cautious scenario €0.2245, optimistic scenario €0.3741. The calculation is refreshed regularly with new filings.
What is the revenue of Verimatrix (VMX)?
Verimatrix reported trailing-twelve-month revenue of about $41.7M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Verimatrix (VMX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Verimatrix it is €0.2993 per share (as of Nov 10, 2026), against a price of €0.2950.
Is Verimatrix stock overvalued or undervalued in 2026?
As of Nov 10, 2026, VMX trades below its calculated fair value: price €0.2950, fair value €0.2993, a gap of about +1% (fairly valued). 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 VMX?
No. The price is what the market pays today (€0.2950); the fair value is what the company's own numbers justify (€0.2993). For Verimatrix the two are €0.0043 per share apart. That gap is exactly why we show both numbers side by side.
How much is Verimatrix worth?
The market values Verimatrix at about €25.9M (market capitalisation, as of Nov 10, 2026). Per share that is €0.2950; our models calculate a fair value of €0.2993 per share.
What do the bullish and bearish scenarios say about VMX?
Our models span a range for Verimatrix: cautious scenario €0.2245, base €0.2993, optimistic €0.3741 per share (as of Nov 10, 2026, price €0.2950). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Verimatrix (VMX)?
Balance-sheet figures for Verimatrix (as of Nov 10, 2026): return on equity −39.8%. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is VMX from its 52-week high?
Verimatrix trades at €0.2950, about 20% below its 52-week high of €0.3700 and 101% above the low of €0.1465 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of €0.2993 is for.
Which stocks are comparable to Verimatrix?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, 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 Verimatrix stock attractive at the current price?
The data as of Nov 10, 2026: price €0.2950, calculated fair value €0.2993 (+1%), Quality Score 37/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Verimatrix currently trades 1% below its own fair value, and the market average says nothing about that. 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 Verimatrix (VMX)?
The closing price on Nov 10, 2026 was €0.2950. Our estimate is €0.2993, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Verimatrix right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Verimatrix

How large is the market capitalisation of Verimatrix (VMX)?
The market capitalisation of Verimatrix is €25.9M. 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 Verimatrix (VMX)?
The price-to-sales ratio of Verimatrix is 0.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Verimatrix (VMX)?
Earnings per share at Verimatrix are €−0.1500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Verimatrix (VMX)?
The net margin of Verimatrix is −37.9% (last twelve months). 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 Verimatrix (VMX)?
The return on equity (ROE) of Verimatrix is −39.8% (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 Verimatrix (VMX)?
On an EBIT basis the return on assets of Verimatrix is −3.3% (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 Verimatrix (VMX)?
The operating margin of Verimatrix is 0.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Verimatrix (VMX)?
Revenue at Verimatrix is growing −18.2% versus a year earlier (3y avg −8.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Verimatrix (VMX) generate?
The free cash flow of Verimatrix is −$729K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Verimatrix (VMX) carry?
The net debt of Verimatrix is $25.0M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Verimatrix in the live analysis

One click puts Verimatrix on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.