Vocento (VOC) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Vocento stock €0.71, price €0.85, that is 16.3% below the price, quality 46 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range €0.5197 – €1.03 · fair‑value band €0.6400 – €0.9100 · the €0.8480 price screens above the €0.7100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
Follow Vocento in your weekly email
Every Wednesday you see whether Vocento 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.
Vocento, S.A., an independent communications company, develops content and services in Spain. It operates through ABC, Regional, Supplements and Magazines, Sports, Audiovisual, Classifieds, Digital Services, Gastronomy, Agencies, and Structure segments.
Show moreShow less
The company is involved in the sale of copies in physical and digital form; advertising sales in print and digital editions; printing and distribution of press; sales of advertising and content primarily from various classifieds portals; radio, local radio, and national broadcasting; organizing concerts; communications agency activities; e-commerce; organization of gastronomic fairs and events; event organization; and sales of supplements and magazines, as well as the television and radio-related businesses.
It also provides printing and digital services for businesses. The company was formerly known as Grupo Correo Prensa Española, S.A. and changed its name to Vocento, S.A. in May 2003. Vocento, S.A. was founded in 1854 and is headquartered in Bilbao, Spain.
Stock analysis
Vocento (VOC) currently trades at €0.8480, while our model-based Fair Value estimate is €0.7100, 16.3% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of €0.9400 per share, and 3 of the 9 models we run sit above the €0.8480 price.
Bear case: the Dividend Discount group reads lowest at €0.1000, and 6 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: €0.6400 (bear) to €0.9100 (bull), the price of €0.8480 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 46/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Vocento reported revenue of €334M in FY2025 versus €327M in FY2021, a compound +0.5%/yr. Reported net income was €6.7M in FY2025, compounding −16.4%/yr from FY2021.
Key figures
Market cap €102M Micro · P/S ratio 0.30 · EPS (TTM) €−0.1200 · Dividend yield 3.1% · Net margin −4.3% · Return on equity −6.7% · Return on assets (EBIT) 0.0% · Operating margin −1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 0% fair-value upside, at −16%, VOC screens richer than that median.
Fair Value models
Bear€0.6400Fair Value €0.7100Bull€0.9100
Price €0.8480 · Downside -16.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.22/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−2.3%
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.
−0.7%
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.
+1.3%
Start year 2020 (pandemic). Over 10 years: −3.3% a year
Revenue growth 25 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.
−18.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.2%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.2% vs 5.9%, slowing
Profit margin 2020 to 2025 ⓘ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.−2% → −3%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.1%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Publishing · 102 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−16.3% · Below median
Profitability
Return on assets2.1% · Below median
Net margin (12 months)−4.3% · Bottom 25%
Operating margin (12 months)−1.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.7% · Above median
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Publishing median · lower = cheaper
P/B0.95× · 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.
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.
Cite: Fair Value Calculator (2026). "Vocento Fair Value". https://www.fairvalue-calculator.com/stock/VOC.MC
Frequently asked questions
Is Vocento (VOC) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of €0.7100 versus a price of €0.8480, about 16% lower (overvalued).
What is the fair value of VOC?
Our model-based fair value for Vocento is €0.7100 (as of Nov 2, 2026), built from audited fundamentals. The current price: €0.8480.
What is the quality score of VOC?
Vocento has a Quality Score of 46/100. 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 Vocento (VOC)?
Our model-based price target is the fair value of €0.7100 (as of Nov 2, 2026) from 9 valuation models. Cautious scenario €0.6400, optimistic scenario €0.9100. It is a calculation from audited fundamentals, not an analyst target.
What is the Vocento stock forecast for 2026?
Our models put fair value at €0.7100, about 16% lower versus a price of €0.8480 (overvalued). Cautious scenario €0.6400, optimistic scenario €0.9100. The calculation is refreshed regularly with new filings.
What is the revenue of Vocento (VOC)?
Vocento reported trailing-twelve-month revenue of about €338M (latest available figure, as of Nov 2, 2026).
Does Vocento pay a dividend?
Vocento currently shows a dividend yield of 3.12% relative to its recent price (as of Nov 2, 2026).
What is the intrinsic value of Vocento (VOC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vocento it is €0.7100 per share (as of Nov 2, 2026), against a price of €0.8480. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Vocento stock overvalued or undervalued in 2026?
As of Nov 2, 2026, VOC trades above its calculated fair value: price €0.8480, fair value €0.7100, a gap of about −16% (overvalued). 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 VOC?
No. The price is what the market pays today (€0.8480); the fair value is what the company's own numbers justify (€0.7100). For Vocento the two are €0.1380 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vocento worth?
The market values Vocento at about €102M (market capitalisation, as of Nov 2, 2026). Per share that is €0.8480; our models calculate a fair value of €0.7100 per share.
What do the bullish and bearish scenarios say about VOC?
Our models span a range for Vocento: cautious scenario €0.6400, base €0.7100, optimistic €0.9100 per share (as of Nov 2, 2026, price €0.8480). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of VOC?
The PEG ratio of Vocento is 10.74 (P/E divided by earnings growth, as of Nov 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Vocento (VOC)?
Balance-sheet figures for Vocento (as of Nov 2, 2026): return on equity −6.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is VOC from its 52-week high?
Vocento trades at €0.8480, about 14% below its 52-week high of €0.9820 and 34% above the low of €0.6340 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of €0.7100 is for.
Which stocks are comparable to Vocento?
From the same area (Communication Services) we also value The New York Times Company, Xinhua Winshare Publishing and Media Co, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, 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 Vocento stock attractive at the current price?
The data as of Nov 2, 2026: price €0.8480, calculated fair value €0.7100 (−16%), Quality Score 46/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VOC calculated?
We run Vocento through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €0.7100, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Vocento itself currently trades above fair value. 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 Vocento (VOC)?
The closing price on Oct 30, 2026 was €0.8480. Our model-based fair value is €0.7100, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vocento right now?
Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Vocento
How large is the market capitalisation of Vocento (VOC)?
The market capitalisation of Vocento is €102M. 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 Vocento (VOC)?
The price-to-sales ratio of Vocento is 0.30 (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 Vocento (VOC)?
Earnings per share at Vocento are €−0.1200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vocento (VOC)?
The dividend yield of Vocento is 3.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Vocento (VOC)?
The net margin of Vocento is −4.3% (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 Vocento (VOC)?
The return on equity (ROE) of Vocento is −6.7% (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 Vocento (VOC)?
On an EBIT basis the return on assets of Vocento is 0.0% (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 Vocento (VOC)?
The operating margin of Vocento is −1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vocento (VOC)?
Revenue at Vocento is growing −0.7% versus a year earlier (3y avg −0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Vocento (VOC)?
Earnings per share at Vocento are growing +39.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Vocento (VOC) generate?
The free cash flow of Vocento is −€8.8M (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 Vocento (VOC) carry?
The net debt of Vocento is €12.4M (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 Vocento in the live analysis
One click puts Vocento on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 2, 2026