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Employees: 174
Size Vercom (VRC.WA) is a Poland Information Technology company (Information Technology Services) with a market value of $656M, the 53rd largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 116.40 on 6 Nov 2026.
Performance Over six months the shares fell 2.7%, against -9.6% for the median peer and +14.3% for the Poland market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +9.8%); the operating margin is 24.4% (peer median 1.1%).
Valuation It trades at 20.6× forward earnings against a peer median of 30.3× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.0 points above its cost of capital (10.9% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 502M | PLN 471M | PLN 496M | PLN 337M | PLN 260M |
| Revenue growth | — | -5% | +47% | +30% | — |
| Gross profit | PLN 276M | PLN 254M | PLN 221M | PLN 181M | PLN 116M |
| EBITDA | PLN 137M | PLN 128M | PLN 109M | PLN 84.6M | PLN 52.0M |
| Net income | PLN 95.9M | PLN 89.9M | PLN 76.3M | PLN 70.4M | PLN 31.4M |
| Free cash flow | PLN 116M | PLN 97.4M | PLN 95.1M | PLN 73.3M | PLN 45.9M |
| Capital expenditure | PLN 16.4M | PLN 16.3M | PLN 11.9M | PLN 8.92M | PLN 7.14M |
| Total debt | PLN 75.7M | PLN 80.9M | PLN 95.7M | PLN 114M | PLN 162M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VRC.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.9% | -2.4% | 5th lowest of 21 |
| 6-month return | -2.7% | -9.6% | 9th highest of 21 |
| Distance from 52-week high | -24.9% | -30.0% | 8th highest of 21 |
| Revenue growth (TTM) | +0.3% | +9.8% | 8th lowest of 21 |
| Operating margin | 24.4% | 1.1% | highest of 21 |
| Forward P/E | 20.6× | 30.3× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 13.1% | 13.4% | 6th least demanding of 11 |
| Growth delivered (Del g) | +32.2% | +8.1% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | -19.1 pp | -0.1 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +14.0 pp | -4.4 pp | 5th highest of 20 |
| EV / EBITDA | 18.6× | 12.0× | 3rd most expensive of 7 |
| Net debt / EBITDA | -0.1× | -0.2× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vercom VRC.WA | Poland | $656M | -3% | 0% | 24% | 20.6× | 13.1% | +32.2% |
| Zhuhai Comleader Information Science & Technology 688175.SS | China | $657M | -8% | -20% | -10% | n/a | 38.7% | -10.3% |
| Cancom COK.DE | Germany | $662M | -20% | -1% | 3% | 17.4× | 6.5% | +7.8% |
| Shenzhen Sunwin Intelligent 300044.SZ | China | $663M | -14% | +116% | -679% | n/a | n/a | n/a |
| Ronglian 002642.SZ | China | $664M | -13% | +18% | 1% | n/a | 43.6% | -7.1% |
| VTEX VTEX | United States | $666M | +6% | +10% | 13% | 18.3× | 4.2% | +19.5% |
| Shanghai Rychen Technologies 301273.SZ | China | $645M | +60% | -6% | -30% | n/a | n/a | n/a |
| Daheng New Epoch Technology 600288.SS | China | $644M | -35% | -3% | 11% | n/a | n/a | n/a |
| Beijing Vastdata Technology 603138.SS | China | $642M | -19% | +18% | -25% | 57.0× | n/a | n/a |
| Xunfei Healthcare Technology 2506.HK | Hong Kong | $641M | -17% | +25% | -7% | 326.1× | n/a | n/a |
| Global Infotech 300465.SZ | China | $685M | -28% | -19% | 3% | n/a | 41.1% | -11.5% |
| Anhui Ronds Science & Technology 688768.SS | China | $629M | +16% | -5% | -5% | 32.0× | n/a | n/a |
| Mensch und Maschine Software MUM.DE | Germany | $627M | -5% | +8% | 19% | 16.0× | 0.6% | -0.4% |
| Linklogis 9959.HK | Hong Kong | $698M | +4% | +24% | -9% | 136.2× | n/a | n/a |
| Zuken 6947.T | Japan | $699M | +12% | +12% | 14% | 18.5× | -6.8% | +8.4% |
| Gng Electronics EBGNG.NS | India | $705M | +32% | +34% | 11% | 33.7× | n/a | n/a |
| Sonata Software SONATSOFTW.NS | India | $711M | -12% | +4% | 5% | 13.5× | 18.5% | +20.4% |
| baudroie,inc 4413.T | Japan | $600M | +48% | +49% | 18% | 28.6× | 8.4% | +41.4% |
| Bestlink Technologies 603206.SS | China | $598M | -21% | +10% | 1% | n/a | 26.9% | +9.9% |
| Bright Oceans Inter-Telecom 600289.SS | China | $588M | 0% | +231% | -36% | n/a | n/a | n/a |
| Sinodata 002657.SZ | China | $734M | -30% | -31% | -33% | 206.1× | n/a | n/a |