1.36%
5.85%
2.50%
-2.02%
-10.56%
8.11%
3.31%
AI Spotlight on DG
Company Description
VINCI SA, together with its subsidiaries, operates in the concessions, energy, and construction segments primarily in France.It Concessions segment operates motorway concessions with a network of 4,419 kilometers in France; 45 airports; 4,437 kilometers of motorways; highways, railways, and 4 stadiums, as well as operates airports in France and in 11 other countries.The company's Energy segment provides services to the manufacturing, infrastructure, facilities management, and information and communication technology sectors; engineering, procurement, and construction services in the energy sector, and manufacturing and energy-related services; and renewable energy concession projects development services.
Its Construction segments engages in designing and carrying out projects that involve general contractor capabilities; works related to geotechnical and structural engineering, digital technology, nuclear or renewable thermal energy; and focuses on business area, such as buildings, civil engineering, infrastructure, and in a specific geographical area.The company also provides property development services for residential and commercial properties; and property services, as well as operates managed residences.It also operates in Germany, the United Kingdom, Albania, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Ukraine, Portugal, North America, Central and South America, Africa, Russia, the Asia-Pacific, the Middle East, and other European countries.
The company was founded in 1899 and is headquartered in Nanterre, France.
Market Data
| Last Price | 104.5 |
| Change Percentage | 1.36% |
| Open | 103.15 |
| Previous Close | 103.1 |
| Market Cap ( Millions) | 59065 |
| Volume | 573312 |
| Year High | 120.62 |
| Year Low | 96.26 |
| M A 50 | 100.17 |
| M A 200 | 105.04 |
Financial Ratios
| FCF Yield | 13.67% |
| Dividend Yield | 4.31% |
| ROE | 16.25% |
| Debt / Equity | 138.02% |
| Net Debt / EBIDTA | 233.03% |
| Price To Book | 2.09 |
| Price Earnings Ratio | 12.96 |
| Price To FCF | 7.31 |
| Price To sales | 0.83 |
| EV / EBITDA | 7.47 |
News
- Jan -16 - VINCI Airports – Traffic as of December 31, 2024
- Jan -14 - Disclosure of transactions in on shares on January 06th, 2025
- Jan -06 - Disclosure of transactions in on shares from December 30th, 2024 to January 03rd, 2025
- Jan -03 - Disclosure of the Number of Shares Forming the Capital and of the Total Number of Voting Rights as of 31 December 2024
- Jan -01 - 3 Reliable Dividend Stocks With Yields Up To 5.6%
- Dec -30 - Disclosure of transactions in on shares from December 23rd to December 27th, 2024
- Dec -23 - Disclosure of transactions in on shares from December 16th to December 20th, 2024
- Dec -23 - VINCI awarded a contract to upgrade and extend wastewater treatment facilities in Canberra, Australia
- Dec -19 - VINCI wins two transport infrastructure contracts in the Czech Republic
- Dec -17 - VINCI opens to traffic the D4 motorway in the Czech Republic under a public-private partnership
- Dec -17 - VINCI Autoroutes and VINCI Airports traffic in November 2024
- Dec -16 - Disclosure of transactions in on shares from December 09th to December 13th, 2024
- Dec -10 - Disclosure of transactions in on shares from December 02nd to December 05th, 2024
- Dec -02 - Disclosure of transactions in own shares from November 25th to November 29th, 2024
- Nov -26 - Disclosure of transactions in own shares from November 18th to November 22nd, 2024
- Nov -22 - Capital Markets Day dedicated to VINCI Energies “Strategic positioning to capture megatrends”
- Nov -19 - VINCI Autoroutes and VINCI Airports traffic in October 2024
- Nov -18 - Disclosure of transactions in own shares from November 11th to November 15th, 2024
- Nov -12 - Disclosure of transactions in own shares from November 04th to November 08th, 2024
- Nov -12 - VINCI wins a contract to design and build a new waste-to-energy plant in Corrèze
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> VINCI Construction
Expected Growth : 2.8 %
What the company do ?
VINCI Construction, a subsidiary of Vinci SA, is a French construction company specializing in building, civil engineering, and energy infrastructure projects.
Why we expect these perspectives ?
Vinci Construction's 2.8% growth is driven by increasing infrastructure investments in Europe, particularly in France and the UK. The segment benefits from a strong order book, with a high proportion of secured contracts. Additionally, Vinci's focus on innovation, digitalization, and sustainability initiatives enhances its competitiveness and drives growth.
Segment n°2 -> VINCI Energies
Expected Growth : 2.5 %
What the company do ?
VINCI Energies, a subsidiary of Vinci SA, is a global provider of energy and infrastructure solutions, offering engineering, construction, and maintenance services.
Why we expect these perspectives ?
VINCI Energies' 2.5% growth is driven by increasing demand for energy efficiency and renewable energy solutions, coupled with a strong order book and a solid presence in the industrial and infrastructure sectors. Additionally, the company's focus on digitalization and innovation, as well as its strategic acquisitions, contribute to its growth momentum.
Segment n°3 -> VINCI Autoroutes, VINCI Airports and Other Concessions
Expected Growth : 2.2 %
What the company do ?
VINCI Autoroutes manages French motorways, VINCI Airports operates airports worldwide, and Other Concessions includes various infrastructure projects, all under Vinci SA's concessions business.
Why we expect these perspectives ?
{'VINCI Autoroutes': 'Strong traffic growth, toll increases, and cost control measures drive growth. Investment in digitalization and safety also contribute to growth.', 'VINCI Airports': 'Passenger traffic growth, airport expansion projects, and retail revenue optimization fuel growth. Strategic acquisitions and partnerships also support growth.', 'Other Concessions': 'Diversification of concession portfolio, investment in renewable energy, and growth in energy efficiency services drive growth. Strong order intake and backlog conversion also contribute to growth.'}
Segment n°4 -> Cobra IS
Expected Growth : 2.9 %
What the company do ?
The Cobra IS from Vinci SA is a high-performance, modular, and scalable tunnel boring machine for complex underground infrastructure projects.
Why we expect these perspectives ?
Cobra IS from Vinci SA's 2.9% growth is driven by increasing demand for infrastructure development, government investments in transportation and energy projects, and the company's strategic expansion into emerging markets. Additionally, Cobra IS's focus on innovation, digitalization, and sustainability has enabled it to capitalize on the growing trend of smart infrastructure development.
Segment n°5 -> VINCI Immobilier and Holding Companies
Expected Growth : 2.1 %
What the company do ?
VINCI Immobilier is a real estate development company, and a holding company of Vinci SA, a French concessions and construction company, specializing in urban development, property development, and real estate services.
Why we expect these perspectives ?
VINCI Immobilier's 2.1% growth is driven by increasing demand for urban renewal projects, strategic acquisitions, and a strong pipeline of residential developments. Holding companies' growth is fueled by effective cost management, diversified revenue streams, and a solid financial position, enabling investments in growth initiatives and dividend distributions.
Segment n°6 -> Eliminations
Expected Growth : 0.0 %
What the company do ?
Eliminations from Vinci SA refer to the removal of inter-company transactions and balances between Vinci SA and its subsidiaries to present a consolidated financial statement.
Why we expect these perspectives ?
Vinci SA's stagnant growth is attributed to eliminations, indicating a lack of diversification and consolidation of business segments. This is likely due to the company's focus on core operations, absence of new projects, and potential divestitures. Additionally, intense competition, regulatory hurdles, and high operational costs may have hindered growth.
Vinci Sa Products
| Product Range | What is it ? |
|---|---|
| Construction | Vinci SA provides construction services for building, civil engineering, and infrastructure projects. |
| Energy | Vinci SA offers energy services for the design, construction, and operation of energy infrastructure, including power plants and transmission lines. |
| Transportation | Vinci SA provides transportation services for the design, construction, and operation of transportation infrastructure, including roads, highways, and airports. |
| Real Estate | Vinci SA offers real estate services for the development, construction, and management of commercial and residential properties. |
| Concessions | Vinci SA provides concession services for the operation and management of public infrastructure, including toll roads, bridges, and tunnels. |
Vinci SA's Porter Forces
Threat Of Substitutes
Vinci SA operates in the construction and concession sector, where substitutes are limited. However, the company faces competition from other construction companies, which can act as substitutes.
Bargaining Power Of Customers
Vinci SA has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong brand reputation and quality of services reduce the likelihood of customers switching to competitors.
Bargaining Power Of Suppliers
Vinci SA relies on a network of suppliers for materials and services. While the company has some bargaining power due to its size, suppliers can still exert some pressure, particularly in cases where there are limited alternative suppliers.
Threat Of New Entrants
The construction and concession sector has high barriers to entry, including significant capital requirements and regulatory hurdles. This limits the threat of new entrants and allows Vinci SA to maintain its market position.
Intensity Of Rivalry
The construction and concession sector is highly competitive, with several large players competing for contracts and market share. Vinci SA faces intense rivalry from companies such as Bouygues, Eiffage, and others.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 52.73% |
| Debt Cost | 4.89% |
| Equity Weight | 47.27% |
| Equity Cost | 8.50% |
| WACC | 6.60% |
| Leverage | 111.55% |
Vinci SA : Quality Control
Vinci SA passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| EN.PA | Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The company designs, builds, renovates, operates, and deconstructs building, infrastructure, and industrial … |
| STR.VI | Strabag SE, together with its subsidiaries, operates as a construction company. The company engages in the construction of road, rail, and canal bridges; commercial and industrial facilities; hydroelectric power plants, … |
| HEIJM.AS | Heijmans N.V. engages in the property development, construction and technical services, and infrastructure businesses in the Netherlands and internationally. The company focuses on the development of large and smaller-scale projects … |
| MOUR.BR | Moury Construct SA constructs and renovates residential and non-residential buildings for private and public markets in Belgium. The company undertakes public and private buildings, commercial areas, halls of structures, renovation … |
| BA.L | BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Strabag
A-Score
1-Year Total Return ->
🥈
Heijmans
A-Score
1-Year Total Return ->
🥉
Moury Construct
A-Score
1-Year Total Return ->
4
Bouygues
A-Score
1-Year Total Return ->
5
Vinci
A-Score
1-Year Total Return ->
6
