Viscofan, S.A.

Viscofan, S.A.

54.30
EUR
+0.80
(+1.50%)
3.49EPS
16.58P/E
2.66BMarket Cap
Oct 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14.17
14.74
15.9
15.68
16.7
16.87
18.29
19.68
20.9
26
26.54
26.43
27.42
27.48
Basic EPS, GAAP
2.18
2.28
2.58
2.68
2.62
2.66
2.27
2.64
2.87
3.02
3.05
3.45
3.5
3.52
Free Cash Flow per Basic Share
0.66
1.25
1.74
1.28
0.98
1.14
2.48
2.65
2.71
0.11
1.49
3.53
2.52
- -
Dividend per Share
1.1
1.15
1.24
1.39
1.49
1.69
1.6
2.36
1.69
1.83
1.94
1.32
1.12
- -
Book Value per Share
11.19
12.36
13.58
15.19
15.61
16.29
16.92
15.88
17.78
19.64
20.78
20.45
20.17
19.98
Tangible Book Value per Share
10.85
12.07
13.19
14.84
15.2
15.8
16.5
15.47
17.34
19.19
20.34
19.74
19.31
19.08
Basic Weighted Avg Shares
47
47
47
47
47
47
46
46
46
46
46
46
46
46
Sales/Revenue/Turnover
660
687
741
731
778
786
850
912
969
1,201
1,226
1,204
1,252
1,256
Operating Margin (%)
19.03
19.93
21.72
20.74
19.81
17.96
14.48
17.92
18.1
15.74
15.11
16.77
16.31
15.68
Depreciation Expense
45
49
53
50
56
62
71
72
72
78
84
84
85
85
Net Income, GAAP
102
106
120
125
122
124
106
123
133
139
141
157
160
161
Effective Tax Rate (%)
20.88
22.8
21.04
19.48
16.06
16.01
18.83
23.26
24.61
24.14
16.54
23.79
10.09
11.91
Profit Margin (%)
15.38
15.49
16.2
17.12
15.69
15.75
12.43
13.43
13.72
11.61
11.5
13.04
12.77
12.82
Working Capital
204
172
300
335
332
332
365
331
387
395
425
415
388
395
LT Debt
36
33
26
42
63
44
70
44
63
42
38
55
48
68
Total Equity
522
576
633
708
728
758
784
736
823
907
958
942
933
917
Return on Invested Capital (%)
15.79
15.87
18.36
16.95
16.38
14.61
11.95
14.32
14.73
14.19
13.73
13.18
15.38
14.08
Return on Capital (%)
16.87
16.9
18.17
17.63
15.87
15.1
12.14
14.22
15.09
14.06
13.17
14.23
14.38
14.09
Return on Common Equity (%)
19.9
19.4
19.86
18.66
17.01
16.68
13.69
16.11
17.06
16.12
15.12
16.57
17.15
17.41

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
232
246
273
LT Borrowings
40
68
68
LT Finance Leases
8
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
45
46
Market Capitalization
2,442
2,751
2,663

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
782
855
862
Cash, Cash Equivalents & STI
64
81
59
Accounts Receivable, Net
290
281
299
Inventories
383
427
437
Total Current Liabilities
394
437
467
Payables & Accruals
- -
- -
- -
ST Debt
232
246
273
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.11%
5%
-0.93%
Free Cash Flow
133.02%
248.09%
-28.53%
Net Income, GAAP
3.23%
5.55%
1.85%
Sales/Revenue/Turnover
5.6%
6.89%
3.99%
Total Cash Common Dividend
1.16%
-12.47%
-14.85%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
290
303
305
306
1,204
2025
307
311
- -
315
1,252
2026
305
325
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.69
0.81
0.82
1.11
3.45
2025
0.69
0.84
- -
1.12
3.5
2026
0.74
0.83
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.32
2025
- -
- -
- -
- -
1.12
2026
- -
- -
- -
- -
- -

Company Description

CEO
José Antonio Canales García
Full Time Employees
5,921
Sector
Process industries
Industry
Containers/Packaging
Address
PolIgono Industrial Berroa Tajonar NA Spain 31192
IPO Date
Aug 9, 1990
Business
Viscofan, S.A. (VIS.MC) manufactures and distributes artificial casings for the meat products industry worldwide; its core offerings encompass cellulose casings for cooked, smoked, unsmoked and dry-cured sausages; collagen casings, including edible film wraps for processed, pre-cooked fried sausages and dry-cured snacks under brands such as Total Control Net; fibrous casings under the TITANIUM LINE brand for slicing meats; plastic casings, including transfer solutions under the VISPICE brand, nanopack plastic films and shrink bags for thermal shrinkage, slicing, peeling and heat resistance; as well as packaging machinery, spare parts, cogenerated electricity and emerging vegetable-based and pet nutrition products. Founded in 1975 and headquartered in Tajonar, Navarre, Spain, the company operates production facilities in Spain, Germany, Brazil, the United States, Czech Republic, Mexico, Serbia and China, with sales offices across more than 100 countries serving meat processors, food manufacturers and related sectors in Europe, Asia, North and South America. Recent developments include the February 2025 acquisition by its Brazilian subsidiary of 51% of Pet Mania Comércio Internacional Ltda. for 34 million Brazilian reais to enter animal-based pet treats; completion of acquisitions of Brasfibra and Master Couros in Brazil to expand new business lines; inauguration of a converting plant in Thailand to bolster Southeast Asian growth; and approval in November 2025 of a share buy-back program for up to 30 million euros or 500,000 shares, alongside record EBITDA and net profit in quarterly results driven by volume growth, productivity gains and the Beyond25 strategic plan.