Original-Research: Villeroy & Boch AG (von Quirin Privatbank Kapitalmarktgeschäft): Buy
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Original-Research: Villeroy & Boch AG - from Quirin Privatbank Kapitalmarktgeschäft
Classification of Quirin Privatbank Kapitalmarktgeschäft to Villeroy & Boch AG
A resilient business model Villeroy & Boch navigated a genuinely difficult 2025 with resilience — meeting its targets, advancing its integration agenda, reducing debt, and strengthening its balance sheet. Following divestments in its Northern European business, weak macroeconomic data (cautious consumer spending, sluggish housing construction), conflict in Gulf region, its outlook for the current business year - reduction of sales and operating EBIT - is no major surprise. Peer group multiples have come under pressure; therefore, we reduce our TP from EUR 34.50 to EUR 30.50. Villeroy & Boch is a leading brand in the industry; we view the 2026 decline in sales as temporary, and therefore we maintain our Buy recommendation. You can download the research here: VILLEROY20260320 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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2295390 20.03.2026 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 | ||||||||
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | 2026e | ||
| Sales1 | 800,90 | 945,00 | 994,50 | 901,90 | 1.421,00 | 1.447,00 | 1.345,00 | |
| EBITDA1,2 | 86,20 | 130,80 | 138,20 | 129,20 | 112,30 | 140,80 | 160,00 | |
| EBITDA-Margin3 | 10,76 | 13,84 | 13,90 | 14,33 | 7,90 | 7,71 | 0,00 | |
| EBIT1,4 | 40,70 | 90,50 | 96,80 | 89,00 | 38,60 | 58,60 | 80,00 | |
| EBIT-Margin5 | 5,08 | 9,58 | 9,73 | 9,87 | 2,72 | 2,67 | 0,00 | |
| Net Profit (Loss)1 | 22,90 | 60,50 | 71,50 | 61,00 | 6,60 | 14,70 | 31,00 | |
| Net-Margin6 | 2,86 | 6,40 | 7,19 | 6,76 | 0,46 | 0,51 | 0,00 | |
| Cashflow1,7 | 136,50 | 73,80 | 54,10 | 67,60 | 58,40 | 122,90 | 0,00 | |
| Earnings per share8 | 0,88 | 2,30 | 2,72 | 2,31 | 0,25 | 0,58 | 1,10 | |
| Dividend per share8 | 0,55 | 1,00 | 1,20 | 1,05 | 0,90 | 0,85 | 0,90 | |
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 | ||||||
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| Villeroy & Boch VZ | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 765723 | DE0007657231 | AG | 476,12 Mio € | 08.06.1990 | Halten | 8FX8FHVV+JJ |
| PE 2027e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 14,13 | 11,66 | 1,21 | 10,99 | 1,48 | 8,15 | 0,34 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 1,05 | 0,90 | 0,85 | 5,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 08.05.2026 | 12.05.2026 | 31.07.2025 | 23.10.2025 | 19.03.2026 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -5,41% | -0,89% | +3,34% | -5,56% | -42,66% |
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