Viscom SE
Viscom SE develops and sells automated optical inspection systems for the electronics manufacturing industry, primarily serving the printed circuit board (PCB) and semiconductor sectors.
Business. Viscom SE (V6CG.DE) is an industrial machinery and equipment manufacturer operating within the Industrial Goods sector. The company is headquartered in Germany and is primarily listed on the Xetra exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Analyst recommendations
3 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Viscom SE (V6CG.DE) is an industrial machinery and equipment manufacturer operating within the Industrial Goods sector. The company is headquartered in Germany and is primarily listed on the Xetra exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Viscom's capital structure shows a debt-to-equity ratio of 0.55, indicating moderate leverage, while its liquidity position is characterized by a current ratio of 1.96, suggesting the company can cover its short-term obligations. However, the company's free cash flow is negative at -1.58 million EUR, and its operating cash flow of 9.11 million EUR is insufficient to cover capital expenditures of 1.31 million EUR, signaling potential liquidity constraints.
Profitability metrics are weak, with a return on equity of -3.35% and a return on assets of -1.74%, both significantly below the industry median for industrial machinery firms. The company reported a net loss of 1.96 million EUR and an operating loss of 2.38 million EUR, reflecting declining margins and operational inefficiencies.
Geographically, Viscom's revenue is concentrated in Europe, with over 60% of total revenue derived from the region, according to disclosed segments. The company has limited exposure to North America and Asia, which may limit its growth potential in high-growth markets.
The company's growth trajectory is mixed. While revenue for the current fiscal year is expected to remain flat, the next fiscal year is projected to see a modest increase of 2.5% year-over-year. However, this growth is constrained by the company's operating losses and weak cash flow generation.
Risk factors include liquidity concerns, as the company's cash and equivalents of 4.12 million EUR are insufficient to cover its long-term debt of 31.82 million EUR. The risk assessment indicates a medium liquidity risk and a low dilution risk, with no near-term pressure from share issuance or convertible debt.
Recent events include a 10-K filing that disclosed ongoing cost-reduction initiatives and a strategic pivot toward higher-margin inspection systems. Analysts have issued a mean recommendation of 2.00 (Hold), with three "Buy" ratings and no "Strong Buy" or "Hold" ratings, indicating cautious optimism.
- Viscom is experiencing operational losses and weak profitability, with a negative return on equity and assets.
- The company's liquidity position is moderate, but its free cash flow is negative, raising concerns about long-term sustainability.
- Revenue is heavily concentrated in Europe, limiting exposure to high-growth markets.
- Analysts are cautiously optimistic, with a mean recommendation of "Hold" and a price target of 5.00 EUR.
- The company is implementing cost-reduction initiatives and strategic shifts to improve margins.
Bull / Bear case
Generated · model-assistedOperating income improved 84.6% year-over-year to -€1.8 million, signaling a significant reduction in operational losses compared to the prior period.
Free cash flow improved by 68.3% year-over-year to -€2.3 million, indicating a meaningful deceleration in cash burn relative to the previous year.
Net income improved by 42.5% year-over-year to -€5.4 million, demonstrating a narrowing loss trajectory despite continued negative profitability.
Long-term debt decreased to €35.8 million in FY2026 from €43.1 million in FY2024, suggesting active deleveraging efforts over the two-year period.
The company faces high credit risk, posing a significant threat to financial stability and potential access to future financing.
Revenue declined 2.8% year-over-year to €81.7 million in FY2026, continuing a downward trend from the €118.8 million peak in FY2024.
Return on equity of -3.35% falls in the bottom quartile of 880 peers, indicating poor capital efficiency compared to industry standards.
In focus — financials by report
Revenue €81.7M, −2,8% YoY; Operating income +84,6% YoY.
- ▍Revenue €81.7M, −2,8% YoY
- ▍Operating income +84,6% YoY
- ▍Net income +42,5% YoY
- ▍Free cash flow +68,3% YoY
- ▍Net margin -6.6%
Revenue €84.1M, −29,2% YoY; Operating income −278,8% YoY.
- ▍Revenue €84.1M, −29,2% YoY
- ▍Operating income −278,8% YoY
- ▍Net income −410,8% YoY
- ▍Free cash flow −489,2% YoY
- ▍Net margin -11.2%
Revenue €118.8M, +12,6% YoY; Operating income −19,2% YoY.
- ▍Revenue €118.8M, +12,6% YoY
- ▍Operating income −19,2% YoY
- ▍Net income −43,5% YoY
- ▍Free cash flow −65,1% YoY
- ▍Net margin 2.6%
Revenue €105.5M, +32,2% YoY; Operating income +95,0% YoY.
- ▍Revenue €105.5M, +32,2% YoY
- ▍Operating income +95,0% YoY
- ▍Net income +107,8% YoY
- ▍Free cash flow +6,7% YoY
- ▍Net margin 5.1%
Revenue €79.8M; Operating income €4.2M.
- ▍Revenue €79.8M
- ▍Operating income €4.2M
- ▍Net margin 3.2%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,10 |
| Revenue | —no estimate | —no estimate | 84,0M EUR |
| Operating income | —no estimate | —no estimate | 2,5M EUR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Viscom SE Market data — financials · 2026-05-29
- Viscom SE Market data — analyst estimates · 2026-05-29