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Vrancart S.A (VNC) Fair Value & Analysis

Consumer Cyclical · RO · Market cap 186M RON

VS Vrancart S.A VNC · RO
Price0.0940 RON
Fair Value0.0150 RON
Upside-84.0%
Quality33/100
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Expensive Growth
Loss-making · -11.6% net margin
Moderate debt · negative free cash flow
Trails peers (2/11)
Narrow moat 14/100
Evidence: Low Range 0.0150 RON – 0.0150 RON Share as image

Fair value as of: Jul 31, 2026

From 3 valuation models · updated 10 days ago

Fair value updated Jul 31, 2026, revised from 0.0526 RON to 0.0150 RON (−71.5%) since Jun 26, 2026. Share price −5.5% over the past month.

Below-average quality, and screening another 84% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0150 RON). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

0.2340 RON 0.0892 RON Fair Value 0.0150 RON Feb 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range 0.0892 RON – 0.2340 RON · the 0.0940 RON price screens above the 0.0150 RON fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

Vrancart S.A (VNC) currently trades at 0.0940 RON, while our model-based Fair Value estimate is 0.0150 RON, implying the stock looks roughly 84.0% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, Vrancart S.A generated revenue of 394M RON at a net margin of -11.6%. Revenue declined 20.6% year over year. It earns a return on equity of -14.0%. Net debt stands at 277M RON. Fundamentals as of Jul 31, 2026

The share trades about 24% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -84%, VNC screens richer 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
Gordon GGM 0.0400 RON 0.0400 RON 0.0500 RON 70
DDM Multi-Stage 0.0400 RON 0.0500 RON 0.0600 RON 61
NCAV (Graham) 0.0700 RON 0.0900 RON 0.1400 RON 50
All 3 models by family
Dividend Discount
Gordon GGM 0.0400 RON 0.0400 RON 0.0500 RON 70
DDM Multi-Stage 0.0400 RON 0.0500 RON 0.0600 RON 61
Asset-Based
NCAV (Graham) 0.0700 RON 0.0900 RON 0.1400 RON 50

Widest divergence: Asset-Based (0.0900 RON) versus Dividend Discount (0.0400 RON). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 394M RON
Revenue growth (YoY) -20.6%
Net margin -11.6%
Return on equity -14.0%
Free cash flow −3.7M RON FY2025
Operating margin 5.7%
More key figures
EPS (TTM) -0.0300 RON
Net debt 277M RON FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 31 · Market factors (momentum, volatility) 43

Profitability 15
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 40
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

Vrancart S.A. produces and sells corrugated cardboard, and paper in various assortments. The company offers corrugated cardboards, including single-wall, double-wall, double-double wall, and single-faced corrugated cardboards; paperboard products comprising testliner, wellenstoff, wellenstoff HP, schrenz, and sized papers for core tubes; and tissue paper, …

Full company description

Vrancart S.A. produces and sells corrugated cardboard, and paper in various assortments. The company offers corrugated cardboards, including single-wall, double-wall, double-double wall, and single-faced corrugated cardboards; paperboard products comprising testliner, wellenstoff, wellenstoff HP, schrenz, and sized papers for core tubes; and tissue paper, paper towels, and tissue paper products. It also provides waste collection and recycling services; sale, rental, and maintenance of waste recycling equipment; corrugated cardboard packaging; hygienic-sanitary papers; and paper used in the manufacture of corrugated cardboard. In addition, the company engages in the sale of electricity generated from photovoltaic parks. It serves retail and the fast-moving consumer goods industry, logistics and transport industry, industrial manufacturers, end consumers of paper products, and international customers. The company distributes its products through supermarket and hypermarket chains, and local partners, as well as direct distribution channels. It also exports its products. Vrancart S.A. was founded in 1977 and is headquartered in Vrancea, Romania.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vrancart S.A reported revenue of 416M RON in FY2025 versus 454M RON in FY2021, a compound −2.1%/yr. Reported net income was −48.7M RON in FY2025.

Growth Quality 13/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
416M RON
Latest YoY
−14.5%
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.
−11.8%
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.
+3.5%
Avg. growth/yr (6Y) 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.
+2.4%
Revenue −2.1%/yr
FY21 454M RON
FY22 607M RON
FY23 500M RON
FY24 487M RON
FY25 416M RON
Net income
FY21 6.3M RON
FY22 22.9M RON
FY23 5.4M RON
FY24 −18.3M RON
FY25 −48.7M RON

VNC screens 84% overvalued. Compare with Stora Enso Oyj →

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

Peer Group

Packaging & Containers · 272 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 33 · Bottom 25%
Fair Value upside −79% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth -21% · Bottom 25%
Debt / equity 0.55× · Higher than 75% of peers

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
EV/EBITDA 11.7× · 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 0 · sector 9
FUTURE 0 · sector 1
PAST 0 · sector 21
HEALTH 72 · sector 92
DIVIDEND 0 · sector 42

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.

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

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PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Vrancart S.A (VNC) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 0.0150 RON versus a price of 0.0940 RON, about −84% (overvalued).
What is the fair value of VNC?
Our model-based fair value for Vrancart S.A is 0.0150 RON (as of Jul 31, 2026), built from audited fundamentals. The current price is 0.0940 RON.
What is the quality score of VNC?
Vrancart S.A has a Quality Score of 33/100. 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 Vrancart S.A (VNC)?
Vrancart S.A reported trailing-twelve-month revenue of about 394M RON (latest available figure, as of Jul 31, 2026).
What is the net profit margin of VNC?
The net profit margin of Vrancart S.A is about -11.6%, meaning it is currently running at a net loss. 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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