Viscofan (VIS) AI Stock Analysis

• Market Cap: €2.48B
• Dividend Yield: 5.42%
• Average Volume (3M): 117.70K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.17
• Revenue Growth: 3.30%
• EPS Growth: 7.97%
• Country: ES
• Employees: 5,480
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaging & Containers
• EPS (TTM): 0.84
• Shares Outstanding: 46,500,000
• 10 Day Avg. Volume: 252,350
• 30 Day Avg. Volume: 117,700
• PEG Ratio: 1.35
• Price to Book (P/B): 2.96
• Price to Sales (P/S): 2.31
• P/FCF Ratio: 17.28
• 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: €73.00
• Price Target Upside: 36.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 67 Neutral
• Price Target: €55.00 ▲(2.61% Upside)

Viscofan's strong financial performance and attractive dividend yield are significant strengths, supporting a favorable outlook. However, technical analysis indicates bearish momentum, which is a notable risk. The stock's valuation is fair, balancing the overall score.

Viscofan Business Overview & Revenue Model

Company Description

Viscofan, S.A., together with its subsidiaries, manufactures and distributes artificial casings primarily for use in the meat and other industry worldwide. The company offers cellulose casings for cooked, smoked, or unsmoked sausages; collagen casings for processed, fresh, and pre-cooked fried sausages or dry-cured snacks; fibrous casings for sliced goods, such as mortadella or salamis; and other plastic casings and packing solutions. The company offers its cellulosic wraps under the Viscofan brands; collagen casings under the Colfan, NDX, Viscofan Natur, Edicurve, Eficook, and Efidry brands; fibrous casings under the Securex, Zip, PSX, and Titanium brands; casings, films, bags, and other plastic products under the Viscofan Smoke, Betan, Tripan, V-4000 brands; functional solutions under the Vispice, Roast-E, Smoke-E, and Edileaf brands; and vegetable casings under the Viscofan Veggie brand. It also manufactures interleaver films; leases industrial machinery; and generates and sells electricity through its cogeneration plants. The company was formerly known as Viscofan, Industria Navarra de Envolturas Celulósicas, S.A. and changed its name to Viscofan, S.A. in June 2002.Viscofan, S.A. was incorporated in 1975 and is headquartered in Tajonar, Spain.

How the Company Makes Money

Viscofan generates revenue primarily through the sale of its casings to meat processors and food manufacturers. The company operates a diversified revenue model that includes both direct sales and long-term contracts with key clients in the food industry. Key revenue streams consist of the sale of artificial casings, natural casings, and other by-products, which are essential for meat production. Additionally, Viscofan benefits from strategic partnerships with major meat producers, enhancing its market position and allowing for better distribution. Factors contributing to its earnings include a growing demand for processed meat products globally, expansion into new markets, and continuous innovation in product development to meet changing consumer preferences.

Viscofan Financial Statement Overview

Summary

Viscofan demonstrates strong financial performance with consistent revenue growth and high profitability. The company maintains robust profit margins and effective balance sheet management, despite a slight increase in leverage. Cash flow remains strong, ensuring liquidity and operational flexibility.

Income Statement

Viscofan demonstrates strong financial performance with consistent revenue growth and high profitability. The company achieved a notable revenue growth from 2020 to 2024, showcasing resilience and demand in its industry. With a robust gross profit margin and a solid net profit margin over the years, it indicates effective cost management and operational efficiency. The EBIT and EBITDA margins further reflect the company's strong earnings capability before non-operating expenses and taxes, positioning it well within the industry.

Balance Sheet

The balance sheet of Viscofan indicates solid financial health with a favorable debt-to-equity ratio, reflecting prudent leverage management. The equity ratio remains strong, showcasing the company's reliance on equity financing and reduced financial risk. The consistent increase in stockholders’ equity over years reflects sound reinvestment and profit retention strategies. However, the increase in total debt warrants monitoring to ensure continued financial stability amidst growth.

Cash Flow

Viscofan's cash flow statement highlights a robust operating cash flow, emphasizing its strong cash-generating capability from core operations. The free cash flow growth remains positive, supporting reinvestment and potential dividends. However, variations in capital expenditures suggest strategic investments, which must be balanced to maintain cash flow stability. The operating cash flow to net income ratio is healthy, indicating effective cash conversion from earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.23B	1.20B	1.23B	1.20B	969.24M	912.16M
Gross Profit	756.42M	813.58M	771.15M	811.72M	686.02M	639.63M
EBITDA	295.17M	299.97M	259.52M	263.47M	249.62M	232.33M
Net Income	157.94M	157.02M	140.96M	139.43M	133.00M	122.51M
Balance Sheet
Total Assets	1.44B	1.40B	1.41B	1.34B	1.17B	1.04B
Cash, Cash Equivalents and Short-Term Investments	47.47M	55.94M	52.76M	51.93M	92.11M	52.74M
Total Debt	275.24M	212.95M	201.12M	162.82M	106.83M	105.75M
Total Liabilities	532.92M	463.94M	449.74M	437.80M	346.02M	304.19M
Stockholders Equity	902.09M	937.20M	957.77M	906.87M	822.78M	736.25M
Cash Flow
Free Cash Flow	0.00	160.79M	68.58M	5.16M	125.52M	123.02M
Operating Cash Flow	0.00	235.82M	145.71M	120.73M	221.30M	178.34M
Investing Cash Flow	0.00	-79.08M	-75.12M	-113.95M	-94.68M	-53.58M
Financing Cash Flow	0.00	-152.71M	-70.72M	-48.45M	-90.94M	-119.96M

Viscofan Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 53.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:VIS, the sentiment is Negative. The current price of 53.6 is below the 20-day moving average (MA) of 57.17, below the 50-day MA of 58.84, and below the 200-day MA of 60.43, indicating a bearish trend. The MACD of -1.41 indicates Positive momentum. The RSI at 32.79 is Neutral, neither overbought nor oversold. The STOCH value of 48.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:VIS.

Viscofan Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CIE	78 Outperform	€3.27B	9.99	23.31%	3.36%	-2.79%	0.61%
VID	72 Outperform	€2.87B	10.09	17.47%	1.80%	-5.27%	27.73%
VIS	67 Neutral	€2.48B	15.54	17.37%	5.42%	3.30%	7.97%
ENO	65 Neutral	€2.28B	18.38	-6.79%	30.83%	11.61%	-212.68%
TUB	65 Neutral	€411.62M	13.49	11.13%	5.77%	-10.37%	38.82%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%