This company is no longer publicly traded

Delisted / no longer publicly traded (per market data provider) Any Winston Score and financials shown below are based on the last available data and should be treated as historical — they are no longer updated.

Delisted: April 2, 2026

Viskase Companies

VKSC

Packaging & Containers · Consumer Cyclical

Price

$6.64

+0.00 (+0.00%)

Market Cap

$38.3M

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+14.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.1M (2021) → 5.8M (2025)

Viskase Companies makes casings used to package meat products like hot dogs, sausages, and deli meats. These casings are the outer layer that holds processed meat together during cooking and storage. The company sells to meat processors and food manufacturers around the world.

Viskase earns revenue by selling its casings directly to food companies, with products made from materials like cellulose, fibrous, and plastic films. The company operates manufacturing plants across North America, Europe, and Latin America, making it a global supplier in a niche but essential part of the food supply chain. However, with negative operating and return margins, the business is currently struggling to cover its costs, and its main challenge is managing raw material expenses and pricing pressure from larger, better-capitalized packaging competitors while trying to return to consistent profitability.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-10.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

90.6%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$8M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Viskase Companies's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

6.0%

Thin — 6.0% gross margin

Operating Margin

-8.8%

Losing money on operations — -8.8%

ROCE

-2.7%

Weak — -2.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-8.3%

Shrinking sales (-8.3% YoY)

EPS YoY

-1075.1%

Earnings shrinking (-1075.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-4.2%

Burning cash (-4.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.96

Moderate — manageable debt (0.96)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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