Want to see FR:VU full AI Analyst Report?
Top Page
VusionGroup SA
(VU)
Select Model
Select Model
Rating:73Outperform
Price Target:
€135.00
▲(5.06% Upside)
Action:Upgraded
Date:09/23/26
The score is driven primarily by strong fundamentals (growth, profitability rebound, and sharply improved leverage) and a constructive earnings-call outlook with reiterated profitable-growth guidance. These positives are tempered by weak current technical momentum and lingering cash-flow volatility (including negative H1 total free cash flow and prior uneven conversion), while valuation is supportive but not a major catalyst.
Positive Factors
Revenue and Profitability Growth
Strong revenue expansion combined with a return to positive net margin indicates improving operating execution and demand for the company’s solutions. If sustained, the rebound can support reinvestment, strengthen scale benefits, and provide a more durable earnings base over the next several quarters.
Negative Factors
Uneven Cash Conversion
Although operating cash flow and free cash flow remain positive in the latest annual period, the sharp decline and prior negative years show that earnings do not consistently convert into cash. Persistent volatility could constrain internally funded growth and complicate capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Growth
Strong revenue expansion combined with a return to positive net margin indicates improving operating execution and demand for the company’s solutions. If sustained, the rebound can support reinvestment, strengthen scale benefits, and provide a more durable earnings base over the next several quarters.
Read all positive factors
VusionGroup SA (VU) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.15B
Dividend Yield0.7%
Average Volume (3M)40.82K
Price to Earnings (P/E)7.5
Beta (1Y)0.55
Revenue Growth44.64%
EPS GrowthN/A
CountryFR
Employees1,174
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)17.14
Shares Outstanding17,014,463
10 Day Avg. Volume54,003
30 Day Avg. Volume40,823
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)7.67
Price to Sales (P/S)2.34
P/FCF Ratio52.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€220.00Price Target Upside71.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)8.75
Revenue Forecast (FY)€1.63B
VusionGroup SA Business Overview & Revenue Model
Company Description
VusionGroup S.A. specializes in delivering advanced digital solutions for the commercial sector across Europe, Asia, and North America. Its comprehensive offering encompasses a range of Internet of Things (IoT) hardware, such as electronic shelf l...
How the Company Makes Money
VusionGroup primarily makes money by selling and deploying connected in-store hardware and associated software/services to retailers. A core revenue stream is the sale of electronic shelf labels (ESLs) and the supporting ecosystem required to run ...
VusionGroup SA Earnings Call Summary
Earnings Call Date:Sep 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 04, 2027
Earnings Call Sentiment Positive
The call was strongly positive, with around 30% organic H1 revenue growth, significant expansion in profitability, 50% operating free cash flow growth, a positive net cash position, scaled adoption of the cloud and AI platforms, strong VAS growth, and reiterated profitable growth guidance. The main negatives were the H1 decline in net cash, negative total free cash flow caused by stated tax, dividend, and down-payment effects, tariff and foreign exchange impacts on reported revenue, and the need to replace revenue pulled forward by the accelerated Walmart rollout. Highlights significantly outweighed lowlights.Positive Updates
Strong Organic Revenue Growth
H1 2026 organic revenue growth was around 30%, or 37% at constant tariffs and foreign exchange rates. Growth was mostly driven by America, with improving momentum in Europe.
Negative Updates
Net Cash Decline and Negative Free Cash Flow
Net cash decreased by EUR 241 million from year-end 2025 to EUR 197 million at the end of H1. Total free cash flow was negative at EUR 221 million in H1.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Organic Revenue Growth
H1 2026 organic revenue growth was around 30%, or 37% at constant tariffs and foreign exchange rates. Growth was mostly driven by America, with improving momentum in Europe.
Read all positive updates
Company Guidance
For full year 2026, VusionGroup reiterates profitable growth guidance, with annual adjusted revenue growth expected between 15%-20% at constant exchange rates and tariffs, equivalent to EUR 1.75 billion and EUR 1.83 billion at constant tariff conditions and EUR/USD, or EUR 1.60 billion and EUR 1.68 billion after an approximately EUR 50 million forex impact and approximately EUR 100 million tariff change, including EUR 70 million or $80 million credit notes issued to customers; EMEA revenue growth is expected at 15%-20%; total VAS revenue is expected to increase organically by around 40%, with an even higher growth rate in recurring VAS, and with the ISM acquisition VAS should reach around EUR 400 million pro forma revenue, over 20% of total revenue, with a target closer to 30% next year; order entries are targeted at over EUR 1 billion in H2 with a particularly strong Q4, adjusted EBITDA margin is expected to increase by more than 100 basis points year-on-year, operating free cash flow is expected to increase compared to 2025, total free cash flow should improve in H2 versus H1 with around EUR 100 million less cash out than in H1, and the group expects a substantially positive net cash position before ISM financing and even after the complete reversal of Walmart's down payments.VusionGroup SA Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.68B | 1.47B | 954.71M | 801.96M | 620.86M | 422.87M |
| Gross Profit | 250.50M | 332.40M | 262.27M | 222.65M | 141.27M | 103.77M |
| EBITDA | 267.09M | 222.49M | 52.64M | 143.78M | 56.29M | 30.00M |
| Net Income | 284.87M | 143.34M | -27.76M | 79.77M | 18.95M | 2.83M |
Balance Sheet | ||||||
| Total Assets | 1.40B | 1.56B | 1.67B | 1.05B | 536.68M | 545.15M |
| Cash, Cash Equivalents and Short-Term Investments | 238.79M | 352.96M | 535.63M | 199.92M | 34.44M | 92.98M |
| Total Debt | 51.96M | 53.37M | 152.74M | 183.10M | 82.53M | 88.66M |
| Total Liabilities | 866.52M | 1.11B | 1.43B | 775.00M | 343.35M | 362.77M |
| Stockholders Equity | 539.15M | 448.30M | 248.49M | 280.48M | 195.84M | 184.52M |
Cash Flow | ||||||
| Free Cash Flow | -361.23M | 64.91M | 386.65M | 160.80M | -30.96M | -3.07M |
| Operating Cash Flow | -289.44M | 202.22M | 544.63M | 248.31M | 20.04M | 31.76M |
| Investing Cash Flow | -80.96M | -153.84M | -173.57M | -168.20M | -66.68M | -30.48M |
| Financing Cash Flow | -50.76M | -57.70M | -35.81M | 85.84M | -9.12M | -246.00K |
VusionGroup SA Technical Analysis
Positive
128.50
Price Trends
124.49
Positive
126.34
Positive
124.35
Positive
Market Momentum
0.47
Negative
55.01
Neutral
38.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:VU, the sentiment is Positive. The current price of 128.5 is above the 20-day moving average (MA) of 124.77, above the 50-day MA of 124.49, and above the 200-day MA of 124.35, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 55.01 is Neutral, neither overbought nor oversold. The STOCH value of 38.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:VU.
VusionGroup SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | €1.90B | 26.46 | ― | 1.32% | 8.20% | 18.11% | |
73 Outperform | €2.15B | 7.46 | 57.70% | 0.70% | 44.64% | ― | |
70 Outperform | €296.93M | 31.66 | 18.29% | 1.77% | 12.55% | 13.10% | |
69 Neutral | €311.02M | 14.42 | 29.87% | 6.13% | 8.08% | 4.16% | |
61 Neutral | €502.26M | -7.41 | -8.25% | 5.06% | -10.15% | -227.21% | |
56 Neutral | €221.44M | 16.37 | 11.82% | 2.51% | -8.39% | -44.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:VU
VusionGroup SA
134.20
-92.38
-40.77%
FR:LIN
Linedata Services
48.10
3.81
8.60%
FR:QDT
Quadient SA
14.62
0.82
5.95%
FR:SWP
SWORD GROUP SE
33.50
-1.26
-3.62%
FR:ALBFR
Sidetrade SA
209.00
-18.00
-7.93%
FR:PLNW
Planisware Societe anonyme
26.65
6.76
33.99%
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.