olivLaw · European equity research
Viscofan SA VIS.MC
Spain · BME Madrid · ISIN ES0184262212 · Vertical: Listed companies from Spain
At the close of 05 Nov 2026, Viscofan SA (VIS.MC) stock was 55.90 EUR (+0.00% on the day), with market capitalisation 2.6 bn EUR, P/E 15.9 on diluted EPS of 3.52 EUR over the last 12 months, dividend yield 2.65%, beta 0.16, 52-week range 51.60–62.10 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 62.8
- strong (55–70)
- Bollinger (20, 2)
- 52.82 – 55.63
- above the upper band · %B 1.09 · band width 5.2%
- SMA 50 / 200
- 54.73 / 57.17
- mixed trend
- MACD (12, 26, 9)
- 0.21 / -0.04
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +4.3% | −0.6% | +4.9 pp | — |
| 3 months | −1.4% | −4.2% | +2.8 pp | — |
| 6 months | −6.4% | +4.3% | −10.7 pp | — |
| Year to date | +4.7% | +7.5% | −2.8 pp | — |
| 1 year | +4.9% | +9.9% | −5.0 pp | +6.7% |
| 3 years | +1.3% | +49.8% | −48.6 pp | +31.5% |
| 5 years | −6.2% | +42.8% | −49.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 33 percentile of its own 3-quarter history (min 15.2, median 17.6, max 17.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1.2 bn | 1.2 bn | 1.3 bn |
| Revenue YoY | unavailable | −1.8% | +4.0% |
| Net income | 141.0 m | 157.0 m | 159.9 m |
| Net income YoY | unavailable | +11.4% | +1.8% |
| Diluted EPS | 3.04 | 3.44 | 3.52 |
| Diluted EPS YoY | unavailable | +13.2% | +2.3% |
| net % | 11.5% | 13.0% | 12.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 62.8 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 933.1 m EUR
- Total assets
- 1.4 bn EUR
- Debt / equity
- unavailable
- Current ratio
- 1.98x
- ROE
- 17.1%
- ROA
- 11.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 1.2 bn | 1.2 bn | 1.3 bn | esef· 20 Oct 2026verified |
| Operating income | 184.7 m | 201.5 m | 204.8 m | esef· 20 Oct 2026verified |
| Interest expense | 6.9 m | 10.4 m | 9.9 m | esef· 20 Oct 2026verified |
| Pre-tax income | 168.9 m | 206.4 m | 176.3 m | esef· 20 Oct 2026verified |
| Income tax | 27.9 m | 49.1 m | 17.8 m | esef· 20 Oct 2026verified |
| Net income | 141.0 m | 157.0 m | 159.9 m | esef· 20 Oct 2026verified |
| Diluted EPS | 3.04 | 3.44 | 3.52 | esef· 20 Oct 2026verified |
| Dividend per share | 1.94 | 1.44 | 1.48 | esef· 20 Oct 2026verified |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 52.0 m | 55.1 m | 62.8 m | esef· 20 Oct 2026verified |
| Receivables | 260.2 m | 305.6 m | 321.0 m | esef· 20 Oct 2026verified |
| Inventories | 442.9 m | 399.0 m | 386.9 m | esef· 20 Oct 2026verified |
| Current assets | 764.0 m | 761.7 m | 781.5 m | esef· 20 Oct 2026verified |
| Property, plant & equipment, net | 556.1 m | 553.9 m | 541.8 m | esef· 20 Oct 2026verified |
| Goodwill | 3.6 m | 10.8 m | 13.6 m | esef· 20 Oct 2026verified |
| Intangibles (excl. goodwill) | 17.0 m | 21.6 m | 26.0 m | esef· 20 Oct 2026verified |
| Total assets | 1.4 bn | 1.4 bn | 1.4 bn | esef· 20 Oct 2026verified |
| Accounts payable | 125.5 m | 126.2 m | 103.4 m | esef· 20 Oct 2026verified |
| Current liabilities | 339.3 m | 346.7 m | 393.8 m | esef· 20 Oct 2026verified |
| Total liabilities | 449.7 m | 465.3 m | 508.5 m | esef· 20 Oct 2026verified |
| Equity | 957.8 m | 941.8 m | 933.1 m | esef· 20 Oct 2026verified |
| Shares outstanding at year end | 46.2 m | 45.5 m | 45.7 m | esef· 20 Oct 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 145.7 m | 235.8 m | 195.4 m | esef· 20 Oct 2026verified |
| Investing cash flow | -75.1 m | -79.1 m | -87.4 m | esef· 20 Oct 2026verified |
| Financing cash flow | -70.7 m | -152.7 m | -96.2 m | esef· 20 Oct 2026verified |
| Dividends paid | 89.5 m | 60.1 m | 51.1 m | esef· 20 Oct 2026verified |
| Share repurchases | 6.3 m | 90.7 m | 94.0 m | esef· 20 Oct 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 2.6 bn EUR
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 20.17 – 80.02 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E53.44 – 80.02 (Mid 69.97)18 companies used · median multiple 19.9x · quartiles 15.2x – 22.7xACS.MC, ADX.MC, AEDAS.MC, AENA.MC, AMS.MC, ANA.MC, CAF.MC, CLEO.MC, CMO.MC, DESA.MC, DIA.MC, EAT.MC, EDR.MC, ELE.MC, ENER.MC, ENO.MC, FAE.MC, FCC.MC
- Dividend discount (DDM)20.17 – 27.50 (Mid 23.27)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 12.8% | 78 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 20.8x | 100 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 2.0x | 99 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | 15.9x | 73 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 5.7% | 81 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet99/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial78/100 · 1/3 factors with a value
- Returns· partial81/100 · 1/2 factors with a value
- Valuation· partial73/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
VISCOFAN SA (VIS.MC). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 1.3 bn EUR in 2025; YoY growth 4.0%; net margin 12.8%; ROE 17.1%.
The estimated value range is 36.80–53.76 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 46.62 EUR, the price of 55.90 EUR leaves a potential of -16.6% (value / price − 1) and a margin of safety of -19.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 12.8%
- Interest coverage: 20.8x
- Current ratio: 2.0x
- P/E (TTM): 15.9x
- Shareholder yield (distributions): 5.7%
What contradicts it
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Spain · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ELE.MCEndesa SA | 46.9 bn | 21.4 | 26.4% | 10.5% | +0.5% | +43% / +134% |
| AENA.MCAena S.m.e. SA | 42.6 bn | 19.9 | 24.2% | 34.0% | +8.9% | +21% / +79% |
| AMS.MCAmadeus It Group Sociedad Anonima | 26.2 bn | 19.8 | 26.9% | 20.5% | +6.1% | −6% / −5% |
| ACS.MCAcs Actividades De Construccion Y Servicios, S.A. | 21.9 bn | 23.0 | 19.9% | 1.9% | +19.7% | +7% / +134% |
| ANA.MCAcciona SA | 11.7 bn | 14.5 | 16.9% | 4.0% | +5.5% | +24% / +66% |
| FCC.MCFomento De Construcciones Y Contratas S.A. | 5.0 bn | 30.3 | 5.3% | 1.7% | +6.9% | −8% / −14% |
| DIA.MCDistribuidora Internacional De Alimentacion SA | 2.7 bn | 20.6 | 165.6% | 2.2% | −2.7% | +51% / +380,733% |
| VIS.MCViscofan SA | 2.6 bn | 15.9 | 17.1% | 12.8% | +4.0% | +4% / −1% |
| CMO.MCCementos Molins S.A. | 2.5 bn | 13.6 | 14.3% | 18.0% | −3.1% | +31% / unavailable |
| ENO.MCElecnor SA | 2.4 bn | 21.9 | 10.5% | 2.5% | +15.1% | −3% / +58% |
| ALM.MCAlmirall S.A. | 2.4 bn | 51.1 | 3.1% | 4.2% | +12.4% | −11% / +32% |
| FAE.MCFaes Farma SA | 1.5 bn | 19.3 | 10.8% | 13.0% | +23.7% | +3% / +57% |
| AEDAS.MCAedas Homes SA | 1.0 bn | 17.1 | 57.8% | 7.0% | −24.8% | +0% / +38% |
| EDR.MCEdreams Odigeo SA | 574.4 m | 11.5 | 21.0% | 7.8% | −0.4% | +40% / −24% |
| EAT.MCAmRest Holdings SE | 506.0 m | 31.4 | 4.3% | 0.6% | +0.1% | −34% / −61% |
| ADX.MCAudax Renovables S.A. | 468.5 m | 23.9 | 9.3% | 1.0% | −5.4% | −23% / −18% |
| ATRY.MCAtrys Health, S.A. | 200.4 m | — | -49.5% | -71.1% | +8.5% | −3% / −29% |
| ENER.MCEcoener, S.A. | 175.6 m | 32.2 | 4.2% | 6.4% | +3.6% | −34% / −6% |
| ADZ.MCAdolfo Dominguez SA | 62.9 m | 38.3 | 9.0% | 1.2% | +1.8% | +39% / +40% |
| DESA.MCDesarrollos Especiales De Sistemas De Anclaje S.A. | 44.8 m | 9.2 | 152.3% | 10.0% | +2.2% | +19% / unavailable |
| EZE.MCGrupo Ezentis SA | 29.0 m | — | — | -9.3% | +147.2% | −30% / −37% |
| CLEO.MCCompañia Levantina De Edificacion Y Obras Publicas SA | 17.3 m | 14.4 | 4.1% | 3.4% | +13.4% | unavailable / unavailable |
| AYC.MCAyco Grupo Inmobiliario, S.A. | 16.4 m | — | -33.8% | — | −100.0% | unavailable / unavailable |
| EBRO.MCEbro Foods, S.A. | 3.0 m | 0.0 | 10.0% | 7.7% | −4.0% | −0% / +19% |
| A3M.MCAtresmedia Corporacion De Medios De Comunicacion, S.A. | — | — | 7.9% | 6.9% | −2.7% | +13% / +60% |
1- and 3-year price returns: for VIS.MC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 32.68 Total return -39% · Per year -39% | 57.80 Total return 6% · Per year 6% | 87.08 Total return 59% · Per year 59% |
| 3 years | 31.39 Total return -38% · Per year -15% | 62.50 Total return 20% · Per year 6% | 103.43 Total return 96% · Per year 25% |
| 5 years | 30.15 Total return -36% · Per year -9% | 67.58 Total return 36% · Per year 6% | 122.86 Total return 140% · Per year 19% |
- Exit P/E± 15.62
- Net margin± 10.94
- Annual revenue growth± 9.02
- Annual dilution± 0.92
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202520 Oct 2026
- Annual report 202408 May 2025
- Annual report 202308 May 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.