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Vidrala SA (ES:VID)
BME:VID

Vidrala (VID) AI Stock Analysis

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ES:VID

Vidrala

(BME:VID)

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Neutral 65 (OpenAI - 5.2)
Rating:65Neutral
Price Target:
€88.00
▲(14.58% Upside)
Action:DowngradedDate:03/02/26
The score is primarily supported by strong underlying financial quality—healthy margins and a significantly de-risked balance sheet—while being held back by weak technicals (price below key moving averages with negative MACD) and signs of cooling growth/cash conversion in 2025. Valuation appears reasonable and partially offsets the technical weakness.
Positive Factors
High profit margins
Sustained high gross, EBIT and net margins indicate structural pricing power and efficient production in glass manufacturing. These margins provide durable operating cushion across cycles, supporting reinvestment, dividend capacity and resilience to cost swings over the next several quarters.
Very low leverage
A materially de-risked balance sheet with very low debt-to-equity enhances financial flexibility and lowers default and refinancing risk. This structural strength supports capex, M&A optionality and steady shareholder pay-outs even if near-term profitability softens.
Solid absolute cash generation
Robust operating and free cash flow levels establish a reliable funding source for maintenance capex, organic growth and returns to shareholders. Consistent absolute FCF reduces reliance on external financing and supports long-term strategic investments.
Negative Factors
Cooling revenue trend
A trajectory from growth into modest revenue decline signals structural demand headwinds or normalization after prior expansion. Over a multi-quarter horizon, persistent flat or falling volumes risk eroding scale benefits and constrain top-line driven margin expansion.
Moderate cash conversion
Free cash flow materially lagging net income increases sensitivity to working-capital swings and reinvestment needs. If FCF remains a fraction of earnings, the company has less durable distributable cash and greater vulnerability to cyclical cash-flow stress.
Earnings softness / EPS decline
A significant EPS decline and lower net income versus the prior year suggest margin or volume pressure that could persist. This weakens return-on-equity trends and may limit reinvestment or payout growth until revenue and profitability stabilize.

Vidrala (VID) vs. iShares MSCI Spain ETF (EWP)

Vidrala Business Overview & Revenue Model

Company DescriptionVidrala, S.A., a consumer packaging company, manufactures and sells glass containers for food and beverage products in Spain, the United Kingdom, Ireland, France, Italy, Portugal, and internationally. The company provides glass oil bottles and vinegar bottles, beer bottles, preserve food jars, cider bottles and sparkling wine bottles, spirit bottles, wine glass bottles, and juice bottles, as well as bottles for non-alcoholic beverages. It also offers packaging services, such as logistic solutions and beverage filling. The company was incorporated in 1965 and is headquartered in Laudio/Llodio, Spain.
How the Company Makes MoneyVidrala generates revenue primarily through the sale of glass containers to various industries, with a significant focus on the food and beverage sector. The company's revenue model is based on producing and selling bulk glass products, which are distributed to manufacturers who fill these containers with their goods. Key revenue streams include long-term contracts with major beverage brands and food companies, as well as custom packaging solutions tailored to specific client requirements. Additionally, Vidrala benefits from operational efficiencies and economies of scale, allowing it to maintain competitive pricing. The company may also engage in partnerships with industry players to promote sustainable practices and innovate its product offerings, further contributing to its earnings.

Vidrala Financial Statement Overview

Summary
Strong profitability (2025 gross margin ~60%, EBIT ~21%, net ~14%) and a notably strengthened balance sheet with very low leverage (debt-to-equity ~0.08 in 2025). Offsetting this, 2025 showed a modest revenue decline (~2.9%) and lower net income versus 2024, plus only moderate cash conversion (FCF about half of net income), which adds some cyclicality and cash-return volatility risk.
Income Statement
78
Positive
Profitability is strong for the industry, with 2025 gross margin around 60%, EBIT margin ~21%, and net margin ~14%. However, earnings softened in 2025 (net income down versus 2024) alongside a ~2.9% revenue decline, after a strong 2022–2024 run-up; this points to some cyclicality/volume and pricing normalization risk. Overall, margins remain healthy, but the near-term growth trajectory has cooled.
Balance Sheet
86
Very Positive
Leverage looks conservative and improved materially: debt-to-equity fell from ~0.49 (2023) to ~0.08 (2025), indicating significant de-risking. Equity base has grown steadily, supporting balance sheet resilience. Returns on equity are solid (mid-teens in 2025, higher in 2023–2024), though the step-down in 2025 suggests profitability is moderating even as the balance sheet strengthens.
Cash Flow
72
Positive
Cash generation is good in absolute terms (operating cash flow ~€380m and free cash flow ~€192m in 2025), and free cash flow growth was positive in 2025. That said, cash conversion is only moderate: free cash flow was about half of net income in 2025, and operating cash flow has at times lagged profitability (notably 2022–2023), implying working-capital swings and/or higher reinvestment needs can pressure near-term cash returns.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.47B1.59B1.56B1.35B1.08B
Gross Profit883.13M916.82M856.53M651.95M715.17M
EBITDA440.61M461.10M401.72M276.33M261.05M
Net Income209.34M298.31M233.40M153.69M145.16M
Balance Sheet
Total Assets2.31B2.31B2.48B1.95B1.70B
Cash, Cash Equivalents and Short-Term Investments108.35M100.09M81.51M154.03M160.54M
Total Debt115.09M345.88M597.69M277.01M188.54M
Total Liabilities901.35M998.34M1.26B919.90M736.34M
Stockholders Equity1.41B1.31B1.22B1.03B966.90M
Cash Flow
Free Cash Flow191.78M193.72M111.74M-6.08M170.95M
Operating Cash Flow380.29M362.52M263.44M114.12M280.75M
Investing Cash Flow-188.50M66.87M-405.79M-120.20M-109.80M
Financing Cash Flow-183.53M-410.80M69.83M-435.00K-122.59M

Vidrala Technical Analysis

Technical Analysis Sentiment
Negative
Last Price76.80
Price Trends
50DMA
87.33
Negative
100DMA
84.71
Negative
200DMA
86.89
Negative
Market Momentum
MACD
-2.09
Positive
RSI
24.27
Positive
STOCH
13.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:VID, the sentiment is Negative. The current price of 76.8 is below the 20-day moving average (MA) of 84.69, below the 50-day MA of 87.33, and below the 200-day MA of 86.89, indicating a bearish trend. The MACD of -2.09 indicates Positive momentum. The RSI at 24.27 is Positive, neither overbought nor oversold. The STOCH value of 13.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:VID.

Vidrala Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
€2.62B16.1616.92%5.02%3.74%8.78%
74
Outperform
€3.43B10.1723.31%3.23%-2.79%0.61%
67
Neutral
€2.23B20.15-6.79%13.00%11.61%-212.68%
65
Neutral
€2.70B12.9217.47%1.65%-5.27%27.73%
63
Neutral
€1.75B11.387.70%3.35%-4.69%-8.38%
62
Neutral
€4.12B23.3811.34%2.34%6.00%37.95%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ES:VID
Vidrala
76.80
-13.92
-15.34%
ES:CIE
CIE Automotive
28.65
7.05
32.66%
ES:ENO
Elecnor
26.35
10.54
66.68%
ES:FDR
Fluidra
21.68
0.21
0.97%
ES:GEST
Gestamp Automocion
3.04
0.38
14.22%
ES:VIS
Viscofan
56.60
-1.35
-2.33%

Vidrala Corporate Events

Vidrala boosts long-term assets as total balance sheet tops €1.5 billion
Feb 26, 2026

Vidrala’s individual balance sheet for the second half of 2025 shows total assets rising to €1.55 billion from €1.30 billion a year earlier, driven mainly by a sharp increase in non-current assets. The growth is largely attributable to higher long-term investments in group companies and associates, alongside increases in other non-current assets, suggesting continued strategic expansion and deepening of intra-group financing, while current assets remained broadly stable, indicating steady operating activity and working capital management.

Non-current assets climbed to €1.12 billion from €872.7 million, reflecting significant reinforcement of the company’s long-term investment base and potentially underpinning future production capacity and regional presence. Current assets were almost flat at €432.2 million versus €425.0 million, with modest shifts in inventories, trade receivables, and short-term group investments, which points to controlled short-term liquidity and a balance between operational needs and long-term growth initiatives that stakeholders may read as a sign of disciplined capital allocation.

The most recent analyst rating on (ES:VID) stock is a Hold with a EUR93.00 price target. To see the full list of analyst forecasts on Vidrala stock, see the ES:VID Stock Forecast page.

Vidrala Holds Margins and Deleverages as It Expands into Chile
Feb 26, 2026

Vidrala reported 2025 sales of €1.47 billion, down 5.4% on an organic basis, with EBITDA slipping marginally to €441 million, representing a robust 30.1% margin. Earnings per share fell to €6.24, partly reflecting adjustments for restructuring costs, while strong cash generation of €200.1 million enabled the group to cut net debt to €105.3 million, or just 0.2 times EBITDA, significantly reinforcing its balance sheet.

Operationally, the company advanced its strategic priorities in a challenging market, notably expanding into Chile and strengthening its presence in South America, a region it views as having solid fundamentals and long‑term potential. Vidrala continues to position glass as a sustainable, premium packaging solution and highlights that the 2025 progress has reinforced its industrial platform, broadened its international reach and enhanced its capacity to navigate future market challenges for customers and other stakeholders.

The most recent analyst rating on (ES:VID) stock is a Hold with a EUR93.00 price target. To see the full list of analyst forecasts on Vidrala stock, see the ES:VID Stock Forecast page.

Vidrala Boosts Share Capital with Bonus Issue, Confirms Concentrated Shareholder Base
Feb 26, 2026

Vidrala, S.A. has updated its share capital structure following a bonus issue approved by shareholders in April 2025, implemented in September and admitted to trading in November. The capital increase, executed through a free allocation of one new share for every twenty existing ones charged to freely distributable reserves, resulted in the issuance of 1,676,488 new ordinary shares, raising total share capital to €35.91 million and 35.21 million voting shares, while confirming there are no loyalty or multiple-vote share classes.

The company’s ownership remains concentrated among several significant shareholders, including individuals and investment vehicles holding stakes between roughly 3% and 8%, ensuring a core group of reference investors without altering the one-share, one-vote principle. This new capital structure could enhance liquidity and broaden Vidrala’s investor base, while preserving governance simplicity and reinforcing the alignment of voting rights with economic interests for existing and new shareholders.

The most recent analyst rating on (ES:VID) stock is a Hold with a EUR93.00 price target. To see the full list of analyst forecasts on Vidrala stock, see the ES:VID Stock Forecast page.

Vidrala Outlines Conservative, In‑House Governance of Directors’ Pay
Feb 26, 2026

Vidrala has detailed its directors’ remuneration framework for the 2025 financial year, confirming that the Appointments and Remuneration Committee designs the policy for board approval and oversees its annual disclosure. The committee, composed of independent and proprietary directors, gathers input from the board, executives, and shareholders, meets as required and at least once a year, and has published its operating rules on the company’s website.

The company states that no external advisers or peer‑group benchmarks were used to define the current remuneration policy and that there are no mechanisms to apply temporary exceptions to that policy. This signals a relatively conservative and internally driven approach to director pay governance, which may appeal to shareholders focused on transparency and stability in how leadership incentives are set and monitored.

The most recent analyst rating on (ES:VID) stock is a Hold with a EUR93.00 price target. To see the full list of analyst forecasts on Vidrala stock, see the ES:VID Stock Forecast page.

Vidrala Flags Risks and Limits Reliance on FY 2025 Results Presentation
Feb 26, 2026

Vidrala has released a presentation of its fiscal year 2025 results, accompanied by an extensive disclaimer emphasizing that the document may contain unaudited or summarized information and should not be solely relied upon for investment decisions. The company underscores that readers and analysts should consult its officially registered public information and periodic filings with the Spanish Securities Market Authority for a complete and reliable view of its business and financial performance.

The release stresses that any references to intentions, expectations, or forecasts about future business development and economic performance are forward-looking and subject to significant risks and uncertainties. Vidrala highlights that factors such as macroeconomic conditions, market movements, regulatory changes, competitive pressures, technological developments, and customer credit quality could cause actual results to differ materially from these expectations, and it disclaims any obligation to update or revise such information even if circumstances change.

The most recent analyst rating on (ES:VID) stock is a Hold with a EUR93.00 price target. To see the full list of analyst forecasts on Vidrala stock, see the ES:VID Stock Forecast page.

Vidrala Details January Purchases Under Ongoing Share Buyback Programme
Jan 27, 2026

Vidrala has reported the latest tranche of transactions executed under its ongoing share buyback programme, authorised by the board and shareholders and carried out in compliance with European and Spanish market abuse regulations. Between 19 and 23 January 2026, the company repurchased a total of 24,528 own shares on the Madrid Stock Exchange at volume‑weighted average prices around €89–€90 per share, signalling continued active capital management and a potential effort to optimise its balance sheet and shareholder remuneration through treasury stock accumulation.

The most recent analyst rating on (ES:VID) stock is a Buy with a EUR108.38 price target. To see the full list of analyst forecasts on Vidrala stock, see the ES:VID Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 02, 2026