There are few companies on the Spanish stock market that offer global leadership, financial stability and attractive shareholder remuneration at the same time.
financial stability and attractive shareholder remuneration. One of them is $VIS (+0,33 %) a company founded in 1975 in Navarre, Spain, which today is a world leader in the manufacture of packaging for meat products.
Its business may sound unremarkable at first glance, but that is precisely one of its strengths: it produces an essential good, with stable demand and little exposure to passing fads. With a presence in more than 100 countries and factories in Europe, America and Asia, Viscofan is a true hidden champion in the Spanish continuous market.
📊 Recent results: solid growth
In a context marked by inflation and rising energy prices, Viscofan has shown remarkable resilience.
✅ 2024: record net profit of €157 million (+11% vs. 2023).
✅ EBITDA: reached €285 million, growing by 6 %.
✅ Revenues: although slightly down due to the decline in cogeneration, the core business remained strong.
✅ 1Q 2025: revenues of 307 million (+6 %) and EBITDA of 68 million (+11 %).
These numbers show a clear trend: the company knows how to adapt and maintain stable margins even in adverse ⚡ environments.
💶 Dividend: an attraction hard to ignore
If there is one thing investors value about Viscofan, it is its shareholder remuneration policy.
💰 Dividend yield: around 5 %, above the Spanish average.
📉 Payout: between 40-50 %, a healthy range that guarantees sustainability.
📅 Regularity: consistent payments over the years, even with extraordinary payments.
In 2024, the company approved a dividend of €3.10 per share, which included an extra component of €1. This reflects not only its financial strength, but also its willingness to share profits with its shareholders 🔒.
🌐 Strategy and competitive advantages
Viscofan is not just another industrial company. Its competitive advantage (moat) lies in three pillars:
🔹 Technological diversification: it is the only company in the world to master the four main envelope technologies (collagen, cellulose, fibrous and plastic).
🔹 Global scale: operates in more than 100 countries and continues to expand, with a focus on Asia, where demand for proteins continues to grow at a rapid pace.
🔹 Defensive business: the products it manufactures are basic for the food industry, with stable demand even in economic crises.
In addition, it has a solid balance sheet, low debt and high cash generation, factors that allow it to invest in new plants while sustaining growing dividends.
🏆 Conclusion: a safe haven stock with a future
Viscofan combines rare qualities in a single stock:
✨ Global leadership in a stable niche with high barriers to entry.
✨ Steady growth and resilience in the face of crises.
✨ An attractive, generous and sustainable dividend.
Over an 8 to 15 year horizon, the company has everything to continue consolidating itself as a safe haven stock within the Spanish stock market 🛡️. For investors looking for recurring income and stability, Viscofan is a stock that deserves to be on the radar.
📌 In short: discreet, not very media-friendly, but tremendously efficient. One of those companies that represent the heart of a long-term portfolio.
