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VusionGroup (VU) Fair Value & Analysis

Technology · FR · Market cap €2.2B · ISIN FR0010282822

What is VusionGroup really worth?

V VusionGroup VU · PA
Price€123.60
Fair Value€51.43
Upside−58.4%
Quality41/100

Below-average quality, and trading another 140% above our fair value of €51.43.

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Strengths

Low debt · generates free cash flow
Ranks above peers (9/15)

Risks

!Mixed Growth (revenue 5y +31.0 %/yr)
!Thin margins · 9.7% net margin
!Moderate moat 58/100
!Weak on dividend: 15 out of 100

For context

·0.73% dividend yield
Evidence: High Range €43.06 – €59.80

Fair value as of: Aug 30, 2026

From 15 valuation models · updated 6 days ago

Share price −7.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€59.80). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

€273.48 €42.98 Fair Value €51.43 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range €42.98 – €273.48 · fair‑value band €43.06 – €59.80 · the €123.60 price screens above the €51.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

VusionGroup (VU) currently trades at €123.60, while our model-based Fair Value estimate is €51.43, implying the stock looks roughly 140.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of €321.16 per share, and 8 of the 15 models we run sit above the €123.60 price. Bear case: the Dividend Discount group reads lowest at €8.68, and 7 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, VusionGroup generated revenue of €1.5B at a net margin of 9.7%. Revenue grew 57.2% year over year. It earns a return on equity of 41.4%. The balance sheet holds a net cash position of €300M. Fundamentals as of Aug 30, 2026

Our scenario range runs from €43.06 (bear case) to €59.80 (bull case); at €123.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 56% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −38% fair-value upside, at −58%, VU screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €4.82 per share, which is 9.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF €393.88 €592.65 €1,212 76
Growth DCF €371.45 €647.39 €1,187 75
5Y Revenue Exit €140.87 €169.81 €225.80 74
All 15 models by family
DCF Models
FCF DCF €393.88 €592.65 €1,212 76
5Y Revenue Exit €140.87 €169.81 €225.80 74
5Y EBITDA Exit €195.11 €279.47 €443.14 74
10Y Revenue Exit €218.36 €321.16 €346.97 68
10Y EBITDA Exit €257.61 €435.29 €711.07 67
Earnings-Based
EPV €31.88 €32.88 €33.74 74
Dividend Discount
Gordon GGM €5.04 €10.04 €15.21 67
DDM Multi-Stage €5.04 €8.68 €10.60 67
Multiples
EV/EBIT €50.65 €59.02 €67.39 66
EV/EBITDA €112.61 €141.63 €170.65 67
EV/Revenue €38.23 €43.67 €49.11 54
Asset-Based
NCAV (Graham) €7.44 €9.97 €14.88 54
Growth DCF
Growth DCF €371.45 €647.39 €1,187 75
Rev-Margin DCF €142.81 €191.49 €283.65 73
Economic Profit
ROIC Compounder €31.88 €32.88 €33.74 72

Widest divergence: DCF Models (€321.16) versus Dividend Discount (€8.68). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 15.4
P/S ratio 1.52 TTM
EPS (TTM) €8.03 price ÷ EPS = P/E 15.4
Dividend yield 0.7% payout 11.2%
Net margin −2.9% FY2025
Return on equity 41.4% TTM
More key figures
Profitability
Return on assets (EBIT) 2.4% avg 5y
Operating margin 10.7% TTM
Growth
Revenue (TTM) €1.5B TTM
Revenue growth (YoY) +57.2% 3y avg +31.2%
Balance sheet & cash flow
Free cash flow €387M FY2025
Net cash €300M FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 43 · Market factors (momentum, volatility) 32

Profitability 16
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 45
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Vusion S.A. engages in the provision of digitalization solutions for commerce in France, rest of Europe, the Middle East, Africa, Asia, and the Americas.

Full company description

Vusion S.A. engages in the provision of digitalization solutions for commerce in France, rest of Europe, the Middle East, Africa, Asia, and the Americas. The company offers computer vision and artificial intelligence (AI) platform, which provides inventory management with automatic monitoring and alerts; retail intelligence software; in-store digital retail media platform for digital campaigns; and IoT cloud platform that tracks, monitors, and manages retail IoT devices. It also provides electronic shelf labels; industrial IoT, an inventory management solution; VusionLive, which connects in-store operations with data-augmented intelligence; and EdgeSense, a shelf-edge rail that integrates centralized communication, precise indoor location, and direct connectivity to bluetooth-enabled devices. In addition, the company offers Vusion Connect that connects devices, data streams, and enterprise system into one cloud system, enabling real-time collaboration between stores, associates, and headquarters; Vusion Intelligence that transforms retail data into real-time insights, predictions, and automated actions; Vusion Retail IoT, which turns the physical store into a living intelligent network; and store operational excellence, local e-commerce, data driven commerce, and retail media and shopper experience solutions. The company was formerly known as VusionGroup S.A. and changed its name to Vusion S.A. in January 2026. Vusion S.A. was founded in 1992 and is headquartered in Nanterre, France.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VusionGroup reported revenue of €955M in FY2025 versus €290M in FY2021, a compound +34.7%/yr. Reported net income was −€27.8M in FY2025.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€955M
Latest YoY
+19.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.0%
Avg. revenue growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.3%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +34.7%/yr
FY21 €290M
FY22 €423M
FY23 €621M
FY24 €802M
FY25 €955M
Net income
FY21 −€6.9M
FY22 €2.8M
FY23 €19.0M
FY24 €79.8M
FY25 −€27.8M
Character of growth · EPS growth decomposed (2014-2025) +35.2 % p.a.
Revenue per share +22.8 %

of which total revenue +27.3 % · buybacks/dilution −3.5 %

EBIT margin +2.4 %
Tax rate +3.9 %
Residual (interest, one-offs) +3.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

VU screens 140% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "VusionGroup Fair Value". https://www.fairvalue-calculator.com/stock/VU

Peer Group

Software - Application · 691 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 41 · Bottom 25%
Fair Value upside −58% · Below median
Return on equity (TTM) 41% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 57% · Top 25%
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.44× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 15.4× · Cheaper than median
P/B 10.45× · Pricier than 75% of peers
P/S (TTM) 1.76× · Cheaper than median
P/FCF 6.7× · Cheaper than median
EV/EBITDA 13.5× · Cheaper than median
PEG 2.70× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 37
PAST100 · sector 12
HEALTH78 · sector 98
DIVIDEND15 · sector 28

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

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Shopify Inc SHOP C$209.78 C$28.76 −86%
Uber Technologies, Inc UBER $78.82 $43.66 −45%
Salesforce, Inc CRM $252.05 $249.28 −1%
ServiceNow, Inc NOW $138.43 $43.73 −68%
Cadence Design Systems, Inc CDNS $340.39 $112.57 −67%
Snowflake Inc SNOW $329.11 $42.27 −87%
Adobe Inc ADBE $289.15 $454.04 +57%
Automatic Data Processing, Inc ADP $284.68 $177.51 −38%
Intuit Inc INTU $348.00 $363.46 +4%

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Frequently asked questions

Is VusionGroup (VU) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of €51.43 versus a price of €123.60, about −58% upside (overvalued).
What is the fair value of VU?
Our model-based fair value for VusionGroup is €51.43 (as of Aug 30, 2026), built from audited fundamentals. The current price: €123.60.
What is the quality score of VU?
VusionGroup has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of VusionGroup (VU)?
VusionGroup reported trailing-twelve-month revenue of about €1.5B (latest available figure, as of Aug 30, 2026).
What is the net profit margin of VU?
The net profit margin of VusionGroup is about 9.7%, meaning it keeps roughly 9.7% of revenue as net income. Based on the latest reported figures.
Does VusionGroup pay a dividend?
VusionGroup currently shows a dividend yield of about 0.73% relative to its recent price (as of Aug 30, 2026).
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