1. Spain Stocks

  2. •

    Consumer Cyclical

  3. •

    Packaging & Containers
Viscofan, S.A.

Viscofan, S.A.

VIS.MC
Viscofan, S.A.ES flagMadrid Stock Exchange
57.50
EUR
-1.20
- -
2.62BMarket Cap
Viscofan, S.A.
VIS.MC
(Madrid Stock Exchange)

Recent

price

57.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.6
14.31
16.15
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
26.89
Revenue per Share
1.75
2.17
2.25
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
3.45
Basic EPS, GAAP
1.67
0.99
0.75
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
- -
Free Cash Flow per Basic Share
0.3
0.56
1.03
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
- -
Dividend per Share
1.75
2.87
2.95
2.88
2.98
3.28
3.38
3.32
3.36
2.97
3.34
3.57
3.72
3.76
4.16
4.22
2.24
Book Value per Share
8.36
9.27
10.35
10.85
12.07
13.19
14.84
15.2
15.77
16.46
15.47
17.31
19.18
20.29
19.97
19.57
18.99
Tangible Book Value per Share
47
47
47
47
47
47
47
47
47
46
46
46
46
46
46
46
46
Basic Weighted Avg Shares
634
667
753
660
687
741
731
778
786
850
912
969
1,201
1,226
1,204
1,252
1,230
Sales/Revenue/Turnover
17.42
19.22
18.65
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
17.43
Operating Margin (%)
44
- -
45
45
49
53
50
56
62
71
72
72
78
84
84
85
85
Depreciation Expense
81
101
105
102
106
120
125
122
124
106
123
133
139
141
157
160
158
Net Income, GAAP
23.05
20.83
21
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
20.95
Effective Tax Rate (%)
12.84
15.18
13.96
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
12.85
Profit Margin (%)
173
181
209
204
172
300
335
332
332
365
331
387
395
425
415
388
393
Working Capital
39
17
19
36
33
26
42
63
44
70
44
63
42
38
55
48
49
LT Debt
406
449
499
522
576
633
708
728
758
784
736
823
907
958
942
933
905
Total Equity
16.96
18.59
18.86
15.81
15.95
18.38
16.64
16.31
14.1
11.28
14.37
14.82
14.19
13.77
13.2
15.33
14.3
Return on Invested Capital (%)
47.26
48.02
46.15
43.02
46.23
56.61
62.39
56.77
51.21
41.37
48.3
50.15
46.31
41.36
42.12
38.47
45.37
Return on Capital (%)
151.42
94.09
77.38
74.69
77.92
82.29
80.61
78.16
79.59
71.68
83.57
82.96
82.62
81.6
86.49
83.72
155.08
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
158
193
226
LT Borrowings
47
49
49
LT Finance Leases
8
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
45
46
Market Capitalization
2,787
2,920
2,762

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
762
811
810
Cash, Cash Equivalents & STI
56
72
47
Accounts Receivable, Net
279
270
294
Inventories
394
413
413
Total Current Liabilities
347
392
417
Payables & Accruals
- -
- -
- -
ST Debt
158
193
226
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

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
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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