Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Viscom SE is a German stock corporation (SE) and a leading international high-tech company specializing in automatic optical inspection (AOI) and X-ray inspection systems for electronics manufacturing. Founded in 1984 by Dr. Martin Heuser and Volker Pape in Hanover, Germany, it develops, designs, produces, and sells precision inspection solutions aimed at achieving 100% defect detection in industrial production processes. The company's product portfolio includes optical systems for solder paste inspection (3D SPI), placement monitoring, and solder joint inspection (3D AOI); X-ray systems for inline and manual inspections (3D AXI, MXI); special systems for non-destructive testing (NDT), 3D microfocus computed tomography (μCT), wire bond inspection, conformal coating inspection, and battery cell analysis via its Exacom GmbH subsidiary. Viscom SE serves key sectors such as automotive electronics, consumer and entertainment electronics, telecommunications, aerospace, and industrial electronics, supporting quality assurance and process optimization in smart factories worldwide. With headquarters in Hanover and around 528 employees as of late 2024, it operates a global network of subsidiaries in Europe, Asia, America, and Africa, plus sales partners and service centers, generating €84.1 million in sales for fiscal year 2024. Certified under DIN EN ISO 9001 and TISAX, Viscom SE emphasizes innovation, software expertise, and comprehensive services from a single source.
The business is unprofitable at the operating level (-1.24% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 2.8% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 124% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€82M
▼ -2.8% YoY
Net Income (TTM)
-€6M
▲ +41.6% YoY
Op. Margin
-1.24%
▲ +10.9pp YoY
ROIC
-0.99%
▲ +7.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€5M
▼ -123.7% YoY
Op. Cash Flow (TTM)
-€5M
▼ -120.6% YoY
Net Debt
€32M
Cash & Equiv.
€4M
3Y CAGR: -8.2%
Continue Research