Viscom AG (V6C) AI Stock Analysis

• Market Cap: €42.39M
• Dividend Yield: N/A
• Average Volume (3M): 3.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.26
• Revenue Growth: -23.69%
• EPS Growth: -123.57%
• Country: DE
• Employees: 496
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.18
• Shares Outstanding: 9,020,000
• 10 Day Avg. Volume: 2,756
• 30 Day Avg. Volume: 3,608
• PEG Ratio: <0.01
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.35
• P/FCF Ratio: 1.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.46
• Revenue Forecast (FY): €94.60M

• Rating: 41 Neutral
• Price Target: €4.00 ▼(-0.99% Downside)
• Action: Reiterated Date: 12/18/25
• Date: Action: Reiterated 12/18/25

Viscom AG's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The negative P/E ratio and lack of dividend yield further contribute to a low valuation score. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

High gross profit margin

A sustained gross margin around 63.7% indicates structural production and pricing efficiency in Viscom's inspection systems. This level of unit economics supports durable contribution per sale, helping absorb fixed costs, fund product development, and protect profitability as the business pursues aftermarket and software sales over the medium term.

Recurring revenue from services and software

A material recurring revenue stream from service contracts, spare parts, and software upgrades increases revenue predictability and customer lifetime value. This aftermarket exposure cushions capital equipment cyclicality, supports margin sustainability, and provides a steady cash inflow to fund R&D and global service networks over months to years.

Manageable leverage

A debt-to-equity around 0.70 suggests the company is not excessively leveraged, affording financial flexibility to fund working capital and targeted investments without extreme interest burden. Manageable leverage supports the ability to navigate weak earnings periods and potentially finance strategic R&D or service expansion over the medium term.

Negative Factors

Steep revenue decline

A pronounced revenue contraction (reported ~-23.7%) erodes scale and reduces the leverage of fixed costs, pressuring operating margins and investment capacity. Sustained top-line declines undermine dealer and service networks, make R&D funding harder, and can lead to structural market share loss if not reversed within the medium term.

Sharp free cash flow deterioration

A roughly 54% drop in free cash flow signals weakened liquidity and impaired ability to self-fund capex, spare-parts inventories, and software development. Persistently weak FCF increases dependence on external financing, limiting strategic flexibility and raising execution risk for product and service investments over the coming quarters.

Negative profitability and ROE

Negative EBIT/net margins and a negative ROE indicate the business is not currently delivering returns on invested capital. Persistent unprofitability erodes equity, limits reinvestment capacity, and can constrain hiring, R&D, and aftermarket expansion—creating structural challenges to restoring sustainable growth and shareholder value.

Viscom AG Business Overview & Revenue Model

Company Description

Viscom AG (V6C) is a leading provider of innovative inspection solutions for the electronics industry, specializing in automated optical inspection (AOI) systems, X-ray inspection systems, and other quality assurance technologies. The company serves various sectors, including automotive, aerospace, and consumer electronics, offering products that enhance manufacturing efficiency and ensure high-quality standards in production processes.

How the Company Makes Money

Viscom AG generates revenue primarily through the sale of its inspection systems and related software solutions, which are critical in maintaining quality control in manufacturing processes. The company earns significant income from both new system sales and recurring revenue from service contracts, spare parts, and software upgrades. Key partnerships with major electronics manufacturers and participation in industry trade shows also contribute to business growth and revenue generation. Additionally, Viscom's commitment to research and development allows it to innovate and expand its product offerings, thereby attracting more clients and increasing its market share.

Viscom AG Financial Statement Overview

Summary

Viscom AG faces significant financial challenges, with declining revenues, negative profitability margins, and weak cash flow performance. While the company maintains a stable gross profit margin and manageable leverage, the negative trends in income and cash flow raise concerns about its financial health and operational efficiency.

Income Statement

Viscom AG's income statement shows a decline in revenue with a negative growth rate of -5.39% TTM. The company has been struggling with profitability, as indicated by negative net profit and EBIT margins. However, the gross profit margin remains relatively stable at 63.73%, suggesting some efficiency in production costs. The negative trends in revenue and profitability are concerning and suggest challenges in market conditions or operational efficiency.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.70 TTM, indicating a balanced approach to leveraging. However, the return on equity is negative, highlighting inefficiencies in generating returns from shareholders' investments. The equity ratio is relatively stable, suggesting a solid asset base. Overall, while the leverage is manageable, the negative ROE is a significant concern.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow growth by -53.87% TTM, indicating potential liquidity issues. The operating cash flow to net income ratio is low, suggesting challenges in converting income into cash. The free cash flow to net income ratio is positive, but the overall cash flow situation is weak, reflecting potential operational inefficiencies or high capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	77.65M	84.08M	118.78M	105.52M	79.54M	61.18M
Gross Profit	39.86M	51.43M	74.26M	67.18M	50.22M	35.84M
EBITDA	-2.84M	-6.66M	11.39M	14.41M	9.87M	-772.00K
Net Income	-6.62M	-9.44M	3.04M	5.38M	2.59M	-4.41M
Balance Sheet
Total Assets	93.14M	94.64M	126.01M	116.00M	98.69M	80.60M
Cash, Cash Equivalents and Short-Term Investments	4.42M	5.53M	5.46M	4.36M	4.52M	6.80M
Total Debt	34.66M	30.76M	43.11M	36.66M	25.55M	14.86M
Total Liabilities	45.86M	43.96M	65.76M	55.73M	42.12M	27.39M
Stockholders Equity	47.35M	50.74M	60.12M	60.24M	56.58M	53.21M
Cash Flow
Free Cash Flow	1.72M	21.04M	1.02M	-6.61M	-7.26M	6.93M
Operating Cash Flow	4.96M	25.14M	6.18M	-1.69M	-3.90M	10.22M
Investing Cash Flow	-3.25M	-4.10M	-5.14M	-5.02M	-3.34M	-3.16M
Financing Cash Flow	-12.32M	-20.99M	-8.21M	-5.16M	-3.36M	-3.62M

Viscom AG Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.04
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:V6C, the sentiment is Neutral. The current price of 4.04 is below the 20-day moving average (MA) of 4.75, below the 50-day MA of 4.44, and below the 200-day MA of 4.56, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 48.08 is Neutral, neither overbought nor oversold. The STOCH value of 16.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:V6C.

Viscom AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JEN	76 Outperform	€1.60B	22.09	7.17%	1.97%	-5.27%	-13.70%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
M7U	57 Neutral	€64.77M	-9.82	-2.71%	―	-14.11%	-170.11%
DAM	55 Neutral	€100.85M	-17.02	-4.04%	0.41%	-12.13%	-178.13%
SCE	52 Neutral	€24.32M	-3.25	-50.39%	―	9.83%	45.16%
V6C	41 Neutral	€42.39M	-6.20	-12.99%	―	-23.69%	-123.57%