EN DE

Vercom S.A (VRC) Fair Value & Analysis

Technology · PL · Market cap 2.8B PLN

VS Vercom S.A VRC · WAR
Price135.00 PLN
Fair Value75.84 PLN
Upside-43.8%
Quality80/100
Watch Vercom S.A for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Solidly profitable · 18.9% net margin
Low debt · generates free cash flow
2.17% dividend yield
Ranks above peers (11/14)
Wide moat 75/100
Evidence: High Range 57.00 PLN – 148.61 PLN Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 28 days ago

Share price +8.7% over the past month.

A strong business, but screening 44% overvalued on our models.

What matters now

  • A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (57.00 PLN to 148.61 PLN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

150.31 PLN 28.77 PLN Fair Value 75.84 PLN May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 28.77 PLN – 150.31 PLN · fair‑value band 57.00 PLN – 148.61 PLN · the 135.00 PLN price screens above the 75.84 PLN fair value. Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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

Analysis

Vercom S.A (VRC) currently trades at 135.00 PLN, while our model-based Fair Value estimate is 75.84 PLN, implying the stock looks roughly 43.8% overvalued today. The Quality Score stands at 80/100 (high quality), in the Technology 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: high).

Over the trailing twelve months, Vercom S.A generated revenue of 483M PLN at a net margin of 18.9%. Revenue grew 11.0% year over year. It earns a return on equity of 21.4%. The balance sheet holds a net cash position of 10.5M PLN. Fundamentals as of Jul 12, 2026

Our scenario range runs from 57.00 PLN (bear case) to 148.61 PLN (bull case); at 135.00 PLN, 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 13% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -44%, VRC 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 BearBaseBull Evidence
Highest evidence
Growth DCF 71.22 PLN 126.18 PLN 233.75 PLN 80
Residual Income 25.32 PLN 32.23 PLN 114.59 PLN 76
Rev-Margin DCF 55.53 PLN 99.13 PLN 185.39 PLN 74
All 26 models by family
DCF Models
FCF DCF 75.69 PLN 115.28 PLN 238.73 PLN 38
Owner Earnings 62.36 PLN 135.38 PLN 283.05 PLN 31
5Y Revenue Exit 52.92 PLN 86.92 PLN 157.82 PLN 39
5Y EBITDA Exit 65.02 PLN 111.37 PLN 202.19 PLN 41
5Y P/E Exit 68.51 PLN 147.13 PLN 253.74 PLN 38
10Y Revenue Exit 58.92 PLN 119.34 PLN 155.56 PLN 36
10Y EBITDA Exit 69.18 PLN 144.80 PLN 274.62 PLN 37
10Y P/E Exit 71.67 PLN 152.13 PLN 283.13 PLN 35
Earnings-Based
Graham-Dodd 27.76 PLN 193.61 PLN 271.71 PLN 54
Lynch FV 83.91 PLN 119.87 PLN 155.83 PLN 50
PEG = 1.0 83.91 PLN 119.87 PLN 155.83 PLN 46
EPV 43.83 PLN 50.39 PLN 56.04 PLN 59
Dividend Discount
Gordon GGM 17.95 PLN 35.77 PLN 54.17 PLN 70
DDM Multi-Stage 17.95 PLN 30.91 PLN 37.76 PLN 61
Multiples
P/E Multiple 61.24 PLN 81.66 PLN 102.07 PLN 63
P/S Multiple 40.13 PLN 53.51 PLN 66.89 PLN 58
P/B Multiple 41.06 PLN 54.75 PLN 68.44 PLN 55
EV/EBIT 71.10 PLN 94.03 PLN 116.95 PLN 53
EV/EBITDA 58.83 PLN 77.67 PLN 96.51 PLN 54
EV/Revenue 39.78 PLN 55.83 PLN 71.88 PLN 43
Asset-Based
NCAV (Graham) 9.12 PLN 12.23 PLN 18.25 PLN 50
Growth DCF
Growth DCF 71.22 PLN 126.18 PLN 233.75 PLN 80
Rev-Margin DCF 55.53 PLN 99.13 PLN 185.39 PLN 74
Economic Profit
Residual Income 25.32 PLN 32.23 PLN 114.59 PLN 76
ROIC Compounder 56.92 PLN 84.27 PLN 113.86 PLN 72
Growth Earnings
Growth-Adj P/E 101.74 PLN 145.34 PLN 188.94 PLN 68

Widest divergence: Growth Earnings (145.34 PLN) versus Asset-Based (12.23 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 483M PLN
Revenue growth (YoY) +11.0%
Net margin 18.9%
Return on equity 21.4%
Free cash flow 102M PLN FY2025
P/E ratio 31.2
More key figures
Operating margin 24.4%
EPS (TTM) 4.14 PLN
Dividend yield 2.2%
EPS growth (YoY) +7.9%
Net cash 10.5M PLN FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 78 · Market factors (momentum, volatility) 56

Profitability 76
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 74
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

Vercom S.A. develops cloud communications platforms. The company's platforms enable companies to build and develop relationships with recipients through various channels, such as email, SMS, push, and instant messages. The company was founded in 2005 and is based in Poznan, Poland. Vercom S.A. is a subsidiary of Cyber_Folks S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vercom S.A reported revenue of 471M PLN in FY2025 versus 179M PLN in FY2021, a compound +27.4%/yr. Reported net income was 89.9M PLN in FY2025, compounding +41.0%/yr from FY2021.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
471M PLN
Latest YoY
−5.1%
Avg. growth/yr (3Y)
+21.9%
Avg. growth/yr (5Y)
+26.8%
Avg. growth/yr (7Y)
+34.7%
Revenue +27.4%/yr
FY21 179M PLN
FY22 260M PLN
FY23 337M PLN
FY24 496M PLN
FY25 471M PLN
Net income +41.0%/yr
FY21 22.7M PLN
FY22 31.4M PLN
FY23 70.4M PLN
FY24 76.6M PLN
FY25 89.9M PLN

VRC screens 44% overvalued. Compare with SAP SE →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
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.

Vercom S.A · Fair Value
75.84 PLN −44%Fair Value
Calculator →

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

Peer Group

Software - Application · 709 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 80 · Top 25%
Fair Value upside −44% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 31.2× · Pricier than median
P/B 1.90× · Cheaper than median
P/S (TTM) 1.58× · Cheaper than median
P/FCF 7.5× · Cheaper than median
EV/EBITDA 5.7× · Cheaper 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 0
FUTURE 55 · sector 38
PAST 85 · sector 13
HEALTH 93 · sector 98
DIVIDEND 43 · sector 28

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

Compare Vercom S.A with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Vercom S.A (VRC) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 75.84 PLN versus a price of 135.00 PLN, about −44% (overvalued).
What is the fair value of VRC?
Our model-based fair value for Vercom S.A is 75.84 PLN (as of Jul 12, 2026), built from audited fundamentals. The current price is 135.00 PLN.
What is the quality score of VRC?
Vercom S.A has a Quality Score of 80/100. 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 Vercom S.A (VRC)?
Vercom S.A reported trailing-twelve-month revenue of about 483M PLN (latest available figure, as of Jul 12, 2026).
What is the net profit margin of VRC?
The net profit margin of Vercom S.A is about 18.9%, meaning it keeps roughly 18.9% of revenue as net income. Based on the latest reported figures.
Does Vercom S.A pay a dividend?
Vercom S.A currently shows a dividend yield of about 2.17% relative to its recent price (as of Jul 12, 2026).

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.

14 days Pro free · no card

Track Vercom S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.