VIS (Viscofan SA) vs DAX Index Comparison

VIS

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VIS

DAX Index

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VIS

DAX Index

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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DAX Index

VIS

NESN

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KHC

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Viscofan SA
Glance View

Market Cap

2.9B EUR

Industry

Food Products

In the bustling realm of the global food industry, Viscofan SA stands as a beacon of expertise and innovation, weaving its narrative through the intricate world of food casing production. Founded in Spain, the company has grown to become a global leader, prominently known for its production of artificial casings. These casings are essential components in the manufacturing of processed meats such as sausages, where Viscofan employs technology to create various types of casings, including cellulose, collagen, fibrous, and plastic. Their extensive product range caters to diverse meat processing needs, ensuring flexibility and efficiency for manufacturers worldwide. The meticulous production processes combined with robust R&D enable Viscofan to meet the varying demands of global clients, from small meat processors to large-scale industrial food producers. Revenue for Viscofan flows largely from these innovative and specialized casing solutions, but their story doesn't end there. The company embraces a strategic blend of global reach and localized operations, facilitating a widespread supply network that ensures prompt and efficient service. By maintaining production facilities in key regions across Europe, the Americas, and Asia, Viscofan has positioned itself to cater to local markets' unique requirements while hedging against regional market fluctuations. This geographical diversification is pivotal in their financial stability, while continual investment in technology and sustainable practices underscores their commitment to operational efficiency and environmental responsibility. In essence, Viscofan SA thrives not only by fulfilling a critical niche in food processing but also by crafting a business model that intertwines global expertise with local insights.

View VIS Analysis

VIS Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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CN		Foshan Haitian Flavouring and Food Co Ltd SSE:603288	Add
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JP	G	Goyo Foods Industry Co Ltd TSE:2230	Select
CH		Nestle SA SIX:NESN	Select
US		Mondelez International Inc NASDAQ:MDLZ	Select
FR		Danone SA PAR:BN	Select
ZA	T	Tiger Brands Ltd JSE:TBS	Select
US		Kraft Heinz Co NASDAQ:KHC	Select
US		Hershey Co NYSE:HSY	Select
US		General Mills Inc NYSE:GIS	Select
CN		Foshan Haitian Flavouring and Food Co Ltd SSE:603288	Select
ZA	A	Avi Ltd JSE:AVI	Select

JP	G	Goyo Foods Industry Co Ltd TSE:2230	Add
CH		Nestle SA SIX:NESN	Add
US		Mondelez International Inc NASDAQ:MDLZ	Add
FR		Danone SA PAR:BN	Add
ZA	T	Tiger Brands Ltd JSE:TBS	Add
US		Kraft Heinz Co NASDAQ:KHC	Add
US		Hershey Co NYSE:HSY	Add
US		General Mills Inc NYSE:GIS	Add
CN		Foshan Haitian Flavouring and Food Co Ltd SSE:603288	Add
ZA	A	Avi Ltd JSE:AVI	Add

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VIS

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DAX Index

Stocks Performance
VIS vs DAX Index

Performance Gap
VIS vs DAX Index

Performance By Year
VIS vs DAX Index

Competitors Performance
Viscofan SA vs Peers

Viscofan SA
Glance View

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VIS vs DAX Index

Stocks Performance VIS vs DAX Index

Performance Gap VIS vs DAX Index

Performance By Year VIS vs DAX Index

Competitors Performance Viscofan SA vs Peers

Viscofan SA Glance View

Company

Help

Tools

Stocks

VIS

vs

DAX Index

Stocks Performance
VIS vs DAX Index

Performance Gap
VIS vs DAX Index

Performance By Year
VIS vs DAX Index

Competitors Performance
Viscofan SA vs Peers

Viscofan SA
Glance View