Villeroy & Boch AG
ISIN: DE0007657231
WKN: 765723
27 October 2025 11:20AM

Original-Research: Villeroy & Boch AG (von Quirin Privatbank Kapitalmarktgeschäft): Buy

Villeroy & Boch AG · ISIN: DE0007657231 · EQS - Analysts
Country: Germany · Primary market: Germany · EQS NID: 23790

Original-Research: Villeroy & Boch AG - from Quirin Privatbank Kapitalmarktgeschäft

27.10.2025 / 11:20 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.


Classification of Quirin Privatbank Kapitalmarktgeschäft to Villeroy & Boch AG

Company Name: Villeroy & Boch AG
ISIN: DE0007657231
 
Reason for the research: Update
Recommendation: Buy
from: 27.10.2025
Target price: 34.50
Last rating change:
Analyst: Ralf Marinoni

9M 2025: Despite no tailwind from the macro side, stable development

In 9M-25 period, Villeroy & Boch generated consolidated sales of EUR 1,075.2m, which was EUR 67.4m or 6.7% higher than in the previous year due to acquisitions. As a result of the Ideal Standard acquisition and the increase in the internationalization of the Villeroy & Boch group, the company achieved strong revenue growth of 10.6% to EUR 92.1m, particularly in EMEA (Europe, Middle East, Africa). Villeroy & Boch achieved this primarily in Western Europe (+ EUR 29.9m/+11.3% yoy) and Southern Europe (+EUR 26.8m/+26.1% yoy). In the 9M-25 period, the company achieved an operating EBIT of EUR 65.1m, thus slightly above the previous year (EUR 64.5m) by 0.9% yoy. The reported EBIT at EUR 40.6m was considerably above the previous year, which closed with EUR 23.4m).

Our updated sum-of-the-parts valuation approach confirms our EUR 34.50 TP, and the recommendation remains Buy.
 

You can download the research here: VILLEROY20251027
For additional information visit our website: https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/


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2219050  27.10.2025 CET/CEST

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2019 2020 2021 2022 2023 2024 2025e
Sales1 833,30 800,90 945,00 994,50 901,90 1.421,00 1.478,00
EBITDA1,2 92,70 86,20 130,80 138,20 129,20 112,30 114,00
EBITDA-Margin3 11,12 10,76 13,84 13,90 14,33 7,90 7,71
EBIT1,4 51,00 40,70 90,50 96,80 89,00 38,60 39,50
EBIT-Margin5 6,12 5,08 9,58 9,73 9,87 2,72 2,67
Net Profit (Loss)1 80,40 22,90 60,50 71,50 61,00 6,60 7,50
Net-Margin6 9,65 2,86 6,40 7,19 6,76 0,46 0,51
Cashflow1,7 46,30 136,50 73,80 54,10 67,60 58,40 62,00
Earnings per share8 3,06 0,88 2,30 2,72 2,31 0,25 0,27
Dividend per share8 0,55 0,55 1,00 1,20 1,05 0,90 0,90
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Deloitte

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Villeroy & Boch VZ
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
765723 DE0007657231 AG 449,43 Mio € 08.06.1990 Halten 8FX8FHVV+JJ
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
20,00 10,63 1,88 10,38 1,40 7,70 0,32
Dividends
Dividend '2023
in €
Dividend '2024
in €
Dividend '2025e
in €
Div.-Yield '2025e
in %
1,05 0,90 0,90 5,63%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
08.05.2026 29.04.2025 31.07.2025 24.10.2024 19.03.2026
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
16,00 €
ATH 37,07 €
-0,67% -4,60% +5,96% +6,67% -46,04%

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