VRG S.A (VRG) Fair Value & Analysis
Consumer Cyclical · PL · Market cap 1.2B PLN
Fair value as of: Jul 18, 2026
From 26 valuation models · updated 23 days ago
Share price +6.9% over the past month.
A solid business, screening 65% undervalued on our models.
What matters now
- The price is below even our cautious bear case (6.91 PLN). The market is more pessimistic than our downside scenario.
- Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 2.81 PLN – 5.78 PLN · fair‑value band 6.91 PLN – 11.52 PLN · the 5.60 PLN price screens below the 9.22 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
VRG S.A (VRG) currently trades at 5.60 PLN, while our model-based Fair Value estimate is 9.22 PLN, implying the stock looks roughly 64.6% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical 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, VRG S.A generated revenue of 1.5B PLN at a net margin of 6.5%. Revenue grew 21.4% year over year. It earns a return on equity of 8.9%. Net debt stands at 290M PLN. Fundamentals as of Jul 18, 2026
Our scenario range runs from 6.91 PLN (bear case) to 11.52 PLN (bull case); at 5.60 PLN, the current price sits below 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 4% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 65%, VRG 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.
All 26 models by family
Widest divergence: DCF Models (12.29 PLN) versus Dividend Discount (1.15 PLN). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 73
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
VRG S.A. designs, manufactures, and sells jewelry and clothing for women and men in Poland and internationally. It operates through the Apparel and Jeweler segments.
Full company description
VRG S.A. designs, manufactures, and sells jewelry and clothing for women and men in Poland and internationally. It operates through the Apparel and Jeweler segments. The company offers classical and avant-garde jackets, well-cut trousers, suits, modern knitwear, coats and jackets, polo shirts, and other accessories; luxury attire for women; and silk and bow ties, and cufflinks. It also provides gold and platinum jewelry, as well as jewelry with diamonds and precious stones; and watches. The company sells its products under the Vistula, BYTOM, Wólczanka, Deni Cler, and W.KRUK brands. In addition, it engages in the rental and management of own or leased real estate properties; retail sale of clothing, footwear, and accessories; retail sale of jewelry; operation of online stores; and provision of franchise services. VRG S.A. was founded in 1948 and is headquartered in Kraków, Poland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
VRG S.A reported revenue of 1.5B PLN in FY2025 versus 1.1B PLN in FY2021, a compound +8.9%/yr. Reported net income was 98.2M PLN in FY2025, compounding +10.3%/yr from FY2021.
of which total revenue +11.6 pp · buybacks/dilution −3.5 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Apparel Manufacturing · 212 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.
Valuation Multiples vs Apparel Manufacturing median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| H & M Hennes & Mauritz AB HMB | kr 163.45 | kr 165.47 | +1% |
| Ralph Lauren Corporation RL | $374.08 | $224.21 | -40% |
| Moncler S.p.A MONC | €52.08 | €50.69 | -3% |
| LPP SA LPP | 19,380 PLN | 17,754 PLN | -8% |
| Bosideng International Holdings 3998 | HK$4.88 | HK$5.92 | +21% |
| Youngor Fashion Co 600177 | ¥7.57 | ¥5.59 | -26% |
| Page Industries Limited PAGEIND | ₹39,900 | ₹12,395 | -69% |
| Hla Group 600398 | ¥6.05 | ¥9.92 | +64% |
| Eclat Textile Co 1476 | 333.50 TWD | 357.81 TWD | +7% |
| Youngone Corporation 111770 | 87,600 KRW | 196,629 KRW | +124% |
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Frequently asked questions
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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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