View ValuationVinci 将来の成長Future 基準チェック /16Vinci利益と収益がそれぞれ年間6.5%と3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.2% 5.8%なると予測されています。主要情報6.5%収益成長率5.84%EPS成長率Construction 収益成長12.2%収益成長率3.0%将来の株主資本利益率15.19%アナリストカバレッジGood最終更新日11 Aug 2026今後の成長に関する最新情報お知らせ • Jul 31Vinci SA Confirms Earnings Guidance for the Year 2026Vinci SA confirmed earnings guidance for the year 2026. For the year, company expected further growth in its revenue, operating earnings and net income attributable to owners of the parent.お知らせ • Feb 06+ 1 more updateVinci Sa Provides Earnings Guidance for 2026Vinci SA provided earnings guidance for 2026. For the period, the company expects further growth in its revenue and net income attributable to owners of the parent.お知らせ • Oct 24Vinci SA Confirms Earnings Guidance for the Year 2025Vinci SA confirmed earnings guidance for the year 2025. For the year, the company expects its total revenue and earnings to rise again in 2025, before factoring in the increase in corporate tax rates in France. France’s 2025 budget includes an exceptional contribution increasing the corporate income tax rate for larger companies. The impact of this measure on VINCI’s 2025 net income is an additional charge estimated at €0.4 billion which will be paid at the end of 2025.お知らせ • Apr 27Vinci SA Provides Earnings Guidance for the Year 2024Vinci SA provided earnings guidance for the full year 2024. For the period, the company expects its total revenue to rise again in 2024, although growth is likely to be more limited than in 2023. Earnings are expected to increase as well. This forecast does not take into account the negative impact of the new tax on long-distance transport infrastructure operators being introduced by the French government, estimated to around €280 million. Despite this negative impact, net income in 2024 could be close to its level achieved in 2023.お知らせ • Oct 28Vinci SA Provides Earnings Guidance for the Year 2023Vinci SA provided earnings guidance for the year 2023. The Group confirms that for the full year, it expects: a further increase – although more limited than in 2022 – in revenue and operating income; Net income slightly higher than the level achieved in 2022, despite a substantial increase in financial costs.すべての更新を表示Recent updatesDeclared Dividend • Aug 10First half dividend increased to €1.10Dividend of €1.10 is 4.8% higher than last year. Ex-date: 13th October 2026 Payment date: 15th October 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 04First half 2026 earnings released: EPS: €3.74 (vs €3.38 in 1H 2025)First half 2026 results: EPS: €3.74 (up from €3.38 in 1H 2025). Revenue: €36.2b (up 2.3% from 1H 2025). Net income: €2.08b (up 9.6% from 1H 2025). Profit margin: 5.7% (up from 5.4% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.お知らせ • Jul 31Vinci SA Confirms Earnings Guidance for the Year 2026Vinci SA confirmed earnings guidance for the year 2026. For the year, company expected further growth in its revenue, operating earnings and net income attributable to owners of the parent.お知らせ • Jul 30Vinci SA Approves Interim Dividend for 2026, Payable on 15 October 2026Vinci SA approved interim dividend of €1.10 per share for 2026 (interim dividend of €1.05 in 2025), to be paid on 15 October 2026. Ex date: October 13, 2026.お知らせ • Jul 17VINCI Energies SA proposed to acquire All for One Group SE (XTRA:A1OS) for approximately €310 million.VINCI Energies SA proposed to acquire All for One Group SE (XTRA:A1OS) for approximately €310 million on July 16, 2026. A cash consideration of €67.5 per share will be paid by Vinci SA. The transaction is subject to, subject to antitrust regulations, approval by regulatory board / committee, a minimum acceptance threshold of 75% plus one share of all outstanding shares, approval of merger agreement by target board and approval of offer by target shareholders. The deal has been approved by the board of All for One Group SE. Roger Kiem, Stefan Bressler and Agmal Bahrami of White & Case, L.L.P. (Germany) acted as legal advisor to All for One Group SE.Buy Or Sell Opportunity • Jun 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to €131. The fair value is estimated to be €109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period.お知らせ • Jun 02Vinci SA Appoints Thierry Mirville as Chief Financial Officer, Effective 1 June 2026Vinci SA had appointed Thierry Mirville as Chief Financial Officer as from June 1, 2026. He succeeded Christian Labeyrie, who will retire at the end of this year. Thierry Mirville is a graduate of ESSEC Business School and of the Institut d'Etudes Politiques de Paris. Thierry Mirville began his professional career in 1991 at GTIE, a subsidiary of Compagnie Générale de Eaux (which became a VINCI subsidiary in 1997, renamed VINCI Energies in 2002). He was appointed Chief Financial Officer of VINCI Energies Deutschland in 2003 and became Chief Financial Officer of VINCI Energies in 2006. In 2018, he joined VINCI SA in charge of the Treasury, Financing and Tax Department. In 2021, he was appointed Chief Financial Officer of the new VINCI Construction division, which includes construction and road works activities. Thierry Mirville has been Deputy Chief Financial Officer and a member of VINCI’s Executive Committee since October 1, 2025.Buy Or Sell Opportunity • May 06Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to €133. The fair value is estimated to be €109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.お知らせ • Apr 25Vinci SA to Report First Half, 2026 Results on Jul 29, 2026Vinci SA announced that they will report first half, 2026 results on Jul 29, 2026お知らせ • Apr 14+ 1 more updateVinci SA Approves Board ChangesVinci SA at its meeting held after the Shareholders’ General Meeting, the Board of Directors decided to appoint Nelson Martinho Galego has joined the Board of Directors as Director representing employees, replacing Roberto Migliardi.Upcoming Dividend • Apr 14Upcoming dividend of €3.95 per shareEligible shareholders must have bought the stock before 21 April 2026. Payment date: 23 April 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%).お知らせ • Mar 04Vinci SA, Annual General Meeting, Apr 14, 2026Vinci SA, Annual General Meeting, Apr 14, 2026. Location: 252 rue du faubourg saint honore, paris Franceお知らせ • Feb 27VINCI Announces Governance ChangesVINCI has announced governance changes. Patrick Richard has been appointed as Secretary General of VINCI with effect from March 1, 2026. He remains a member of the Executive Committee and continues to serve as Secretary to the Board of Directors. Sophie Deis-Beauquesne has been appointed as General Counsel of VINCI and joins its Executive Committee. She reports to Patrick Richard. Ms. Deis-Beauquesne holds a doctor of laws degree and was admitted to the Paris bar, having practised as a lawyer in Paris and then in Hong Kong for nearly 10 years. She joined the VINCI Group in 2011 as Head of Legal at VINCI Energies International & Systems. In 2014, Ms. Deis-Beauquesne was appointed as this entity’s General Counsel, before being named General Counsel, overseeing legal, compliance and insurance aspects, at VINCI Energies in April 2024, when she also became a member of its Executive Committee. Céline Acharian has been appointed as Director of Ethics and Conduct of VINCI and joins its Executive Committee. She reports to Patrick Richard. A graduate of the École Normale Supérieure, Ms. Acharian joined Inria, the French National Institute for Research in Digital Science and Technology, in 2006 as Head of Partnerships and Public Affairs, and went on to serve as its Director of Communications from 2012 until 2017. In 2017, she became Director of Communications at the Autorité de Sûreté Nucléaire (ASN), the French Nuclear Safety Authority. Ms. Acharian joined the VINCI Group in September 2022 as Chief Executive Officer of the think tank La Fabrique de la Cité and has also helped raise the profile of Leonard, the Group’s innovation and foresight platform.Buy Or Sell Opportunity • Feb 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €135. The fair value is estimated to be €112, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.Declared Dividend • Feb 09Final dividend increased to €3.95Dividend of €3.95 is 6.8% higher than last year. Ex-date: 21st April 2026 Payment date: 23rd April 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Full year 2025 earnings released: EPS: €8.76 (vs €8.53 in FY 2024)Full year 2025 results: EPS: €8.76 (up from €8.53 in FY 2024). Revenue: €75.7b (up 4.0% from FY 2024). Net income: €4.90b (flat on FY 2024). Profit margin: 6.5% (down from 6.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.お知らせ • Feb 06+ 1 more updateVinci Sa Provides Earnings Guidance for 2026Vinci SA provided earnings guidance for 2026. For the period, the company expects further growth in its revenue and net income attributable to owners of the parent.お知らせ • Jan 13VINCI Announces Appointment of Christophe Ferrer as Vice-President of Business Development and Thierry Mirville as Deputy Chief Financial Officer to the Executive CommitteeVINCI announced that Christophe Ferrer has been appointed Vice-President, Business Development of VINCI and joined the Executive Committee, replacing Christophe Pelissié du Rausas following his retirement. A graduate of HEC Paris, Christophe Ferrer started his professional career at VINCI in 2006 as Project Manager in the Investor Relations Department. He then built a largely international career at VINCI Construction, first as Administrative and Financial Manager on major projects then as Financial Director of Eurovia in the United Kingdom. He became the VINCI Group's Director of Cash Management and Financing in 2021, and also oversees the Tax Department. Thierry Mirville, who was appointed Deputy Chief Financial Officer of VINCI on October 1, 2025, has also joined the Group's Executive Committee. A graduate of ESSEC Business School and of the Institut d'Études Politiques de Paris, Thierry Mirville began his professional career in 1991 at GTIE (a subsidiary of Compagnie Générale de Eaux at the time, which became a VINCI subsidiary in 1997 and was renamed VINCI Energies in 2002). He was appointed Chief Financial Officer of VINCI Energies Deutschland in 2003 and became Chief Financial Officer of VINCI Energies in 2006. In 2018, he joined VINCI SA as head of the Treasury and Financing Department and Tax Department. In 2021, he was appointed Chief Financial Officer of the new VINCI Construction division, which includes construction and roadworks activities.お知らせ • Oct 24Vinci SA Confirms Earnings Guidance for the Year 2025Vinci SA confirmed earnings guidance for the year 2025. For the year, the company expects its total revenue and earnings to rise again in 2025, before factoring in the increase in corporate tax rates in France. France’s 2025 budget includes an exceptional contribution increasing the corporate income tax rate for larger companies. The impact of this measure on VINCI’s 2025 net income is an additional charge estimated at €0.4 billion which will be paid at the end of 2025.お知らせ • Oct 23Vinci SA to Report Fiscal Year 2025 Results on Feb 05, 2026Vinci SA announced that they will report fiscal year 2025 results at 5:45 PM, Central European Standard Time on Feb 05, 2026Declared Dividend • Oct 06First half dividend of €1.05 announcedDividend of €1.05 is the same as last year. Ex-date: 14th October 2025 Payment date: 16th October 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 01First half 2025 earnings released: EPS: €3.38 (vs €3.49 in 1H 2024)First half 2025 results: EPS: €3.38 (down from €3.49 in 1H 2024). Revenue: €35.4b (up 2.8% from 1H 2024). Net income: €1.90b (down 5.0% from 1H 2024). Profit margin: 5.4% (down from 5.8% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year.お知らせ • Jul 25Vinci SA (ENXTPA:DG) signed an agreement to acquire S.C. EnergoBit S.A.Vinci SA (ENXTPA:DG) signed an agreement to acquire S.C. EnergoBit S.A. on July 24, 2025. For the period ending December 31, 2024, S.C. EnergoBit S.A. reported total revenue of RON 100 million.Upcoming Dividend • Apr 15Upcoming dividend of €3.70 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (4.1%).Declared Dividend • Feb 10Final dividend increased to €3.70Dividend of €3.70 is 7.2% higher than last year. Ex-date: 22nd April 2025 Payment date: 24th April 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 09Full year 2024 earnings released: EPS: €8.53 (vs €8.28 in FY 2023)Full year 2024 results: EPS: €8.53 (up from €8.28 in FY 2023). Revenue: €72.5b (up 3.7% from FY 2023). Net income: €4.86b (up 3.4% from FY 2023). Profit margin: 6.7% (in line with FY 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 07+ 2 more updatesVinci SA Proposes Dividend for 2024, Payable on 24 April 2025Vinci SA announced On 6 February 2025, the Board of Directors decided to propose a 2024 dividend of €4.75 per share to the Shareholders’ General Meeting on 17 April 2025, reflecting its confidence in the Group’s future prospects. Since an interim dividend of €1.05 per share was paid in October 2024, the final dividend payment on 24 April 2025 will be €3.70 per share, to be paid in cash, if approved at the Shareholders’ General Meeting.Buy Or Sell Opportunity • Jan 24Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to €102. The fair value is estimated to be €129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period.お知らせ • Nov 13The Schiphol Group and Vinci Reportedly to be Lining Up for Cairns Airport Owner North Queensland Airports GroupThe Schiphol Group (Royal Schiphol Group N.V.) and Vinci SA (ENXTPA:DG) are believed to be lining up for Cairns airport owner North Queensland Airports Group (North Queensland Airports Pty Limited), which is chasing a price of $3 billion. Global infrastructure investor Stonepeak (Stonepeak Partners LP) may also be in the mix, say sources. The understanding is that the process will be launched next month, and the first-round bids are due at the end of January in what will be a deal keeping investment bankers busy over the festive season when most typically take a break. But northern hemisphere groups often work through December and January, which is the likely explanation for the timing of the process. Global groups are drawn to the opportunity because, unlike other airport assets on offer where regulations stipulate they cannot own more than 49%, in this case they are allowed to own all of the airport business. Vinci was in the mix early on for the recent sale process of Gold Coast airport owner Queensland Airports, under which 74% of it was sold to Kohlberg Kravis Roberts and Skip Capital for $3 billion. Both KKR and Skip could be around the hoop for the North Queensland opportunity as well. Meanwhile, DEXUS (ASX:DXS) expressed some early interest in taking a look. North Queensland Airports Group owns Cairns and Mackay Airports, and the Mackay Airport Hotel. Based on its $3 billion price tag, it is more expensive than Perth Airport - the subject of a recent transaction – and Queensland Airports, from an earnings multiple perspective. The whole North Queensland Airports business is up for sale through Macquarie Capital. The sales pitch is the opportunity to transform Cairns into an international destination.お知らせ • Nov 08Vinci SA Announces Executive ChangesOn November 7, 2024, Xavier Huillard has named Nicolas Notebaert as Chief Executive Officer of Concessions at VINCI. In his new role, Mr. Notebaert reports to Pierre Anjolras, Chief Operating Officer of VINCI. Already in charge of the VINCI Concessions business line (notably including VINCI Airports, VINCI Highways, VINCI Railways and several public-private partnerships), Mr. Notebaert has thus been given responsibility for VINCI Autoroutes and VINCI Stadium as well. This appointment clarifies the Group’s organisation and will strengthen synergies between VINCI’s concession companies. As Pierre Coppey has resigned as Chairman of the motorway concession companies that make up VINCI Autoroutes, Mr. Notebaert now also serves in that role. Born in 1970, Mr. Notebaert is a graduate of the École Polytechnique and the École Nationale des Ponts et Chaussées and holds an MBA. He joined the VINCI Group in 2002 as head of the Operations Department at Cofiroute and moved to VINCI Concessions in 2004 as Director of Business Development for France. In February 2008, Mr. Notebaert was appointed Chairman of VINCI Airports. Under his leadership, VINCI Airports became the world’s largest private operator in its sector, with more than 70 airports across 14 countries. In June 2016, Mr. Notebaert was appointed Chief Executive Officer of VINCI Concessions and joined the VINCI Group’s Executive Committee. In particular, he has accelerated the development of VINCI’s motorway concessions outside France.Upcoming Dividend • Oct 08Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 17 October 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).Reported Earnings • Jul 29First half 2024 earnings released: EPS: €3.49 (vs €3.70 in 1H 2023)First half 2024 results: EPS: €3.49 (down from €3.70 in 1H 2023). Revenue: €34.4b (up 4.6% from 1H 2023). Net income: €2.00b (down 4.5% from 1H 2023). Profit margin: 5.8% (down from 6.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 26Vinci SA Approves Interim Dividend, Payable on 17 October 2024The Board of Vinci SA approved a 2024 interim dividend of €1.05 per share, to be paid on 17 October 2024. 15 October 2024: Ex-date for the 2024 interim dividend.お知らせ • Jun 13+ 3 more updatesVinci SA to Report Q3, 2025 Results on Oct 23, 2025Vinci SA announced that they will report Q3, 2025 results After-Market on Oct 23, 2025Buy Or Sell Opportunity • Jun 10Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to €105. The fair value is estimated to be €136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.お知らせ • May 06VINCI Appoints Pierre Anjolras as Chief Operating OfficerOn 3 May 2024, the Board of Directors of VINCI unanimously approved the appointment of Pierre Anjolras as Chief Operating Officer of VINCI. Pierre Anjolras will report to Xavier Huillard, Chairman and Chief Executive Officer of VINCI, and will be responsible for overseeing the Group's operational activities in its various business lines. Pierre Anjolras joined the VINCI Group in 1999. He acquired an extensive experience in motorway concessions, becoming Chief Operating Officer of Cofiroute in 2004 before being appointed Chief Executive Officer of ASF in 2007 (two VINCI Autoroutes networks). In May 2010, Pierre Anjolras became Deputy Chief Executive Officer in charge of International Affairs and Public-Private Partnerships at Eurovia, then Chairman and Chief Executive Officer in 2014, and joined VINCI's Executive Committee. At the beginning of 2021, Xavier Huillard appointed Pierre Anjolras as Chairman of VINCI Construction and entrusted him with the task of bringing Eurovia and VINCI Construction together. The continuous improvement of VINCI Construction’s performance in this new scope attests to the success of this reorganization. Xavier Huillard's current terms of office as Director and Chairman of the Board of Directors of VINCI remain in force until the 2026 Annual General Meeting.お知らせ • Apr 27Vinci SA Provides Earnings Guidance for the Year 2024Vinci SA provided earnings guidance for the full year 2024. For the period, the company expects its total revenue to rise again in 2024, although growth is likely to be more limited than in 2023. Earnings are expected to increase as well. This forecast does not take into account the negative impact of the new tax on long-distance transport infrastructure operators being introduced by the French government, estimated to around €280 million. Despite this negative impact, net income in 2024 could be close to its level achieved in 2023.Buy Or Sell Opportunity • Apr 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.1% to €110. The fair value is estimated to be €138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period.Upcoming Dividend • Apr 16Upcoming dividend of €3.45 per shareEligible shareholders must have bought the stock before 23 April 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.1%).Declared Dividend • Feb 19Final dividend of €3.45 announcedShareholders will receive a dividend of €3.45. Ex-date: 23rd April 2024 Payment date: 25th April 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 11Full year 2023 earnings released: EPS: €8.28 (vs €7.55 in FY 2022)Full year 2023 results: EPS: €8.28 (up from €7.55 in FY 2022). Revenue: €69.6b (up 11% from FY 2022). Net income: €4.70b (up 10% from FY 2022). Profit margin: 6.8% (in line with FY 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 08Vinci SA Proposes Final Dividend, Payable on 25 April 2024On 7 February 2024, the Board of Directors of Vinci SA decided to propose a 2023 dividend of €4.50 per share to the Shareholders’ General Meeting on 9 April 2024, reflecting its confidence in the Group’s future prospects. Since an interim dividend of €1.05 per share was paid in November 2023, the final dividend payment on 25 April 2024 will be €3.45 per share, to be paid in cash, if approved at the Shareholders’ General Meeting.New Risk • Feb 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.3% increase in shares outstanding).Buy Or Sell Opportunity • Jan 19Now 20% undervaluedOver the last 90 days, the stock has risen 17% to €117. The fair value is estimated to be €146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Buying Opportunity • Jan 16Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 5.7% per annum over the same time period.Buying Opportunity • Dec 28Now 20% undervaluedOver the last 90 days, the stock is up 8.2%. The fair value is estimated to be €142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 5.7% per annum over the same time period.Buying Opportunity • Dec 04Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 5.8% per annum over the same time period.Upcoming Dividend • Nov 07Upcoming dividend of €1.05 per share at 3.8% yieldEligible shareholders must have bought the stock before 14 November 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (4.0%).お知らせ • Oct 28Vinci SA Provides Earnings Guidance for the Year 2023Vinci SA provided earnings guidance for the year 2023. The Group confirms that for the full year, it expects: a further increase – although more limited than in 2022 – in revenue and operating income; Net income slightly higher than the level achieved in 2022, despite a substantial increase in financial costs.お知らせ • Oct 05Vinci SA (ENXTPA:DG) commences an Equity Buyback for 10% of its issued share capital, for €4,000 million.Vinci SA (ENXTPA:DG) commences share repurchases on September 28, 2023, under the program mandated by the shareholders in the Combined Shareholders’ General Meeting held on April 13, 2023. As per the mandate, the company is authorized to repurchase its own shares such that its holding in treasury does not exceed 10% of its share capital. The repurchases will be made at a maximum acquisition cost of €140 per share, for €4,000 million. The objective of the program is to transfer or exchange of shares upon the exercise of the rights attached to securities giving access to the company’s share capital, retention and future delivery for payment or exchange purposes in connection with transactions involving external growth, disposal or transfer of company shares to eligible employees and/or company officers of VINCI Group companies in the context of savings plans, share and/or share purchase option allocation plans, including disposal to any approved service provider appointed for the design, implementation and management of any employee savings or similar structure on behalf of the VINCI Group, and pledge of shares as guarantee under employee savings plans, ensuring market liquidity within the framework of a liquidity agreement and entrusted to an investment service provider acting independently, cancellation, as part of the company's financial policy. The program will be valid for a period of 18 months until October 12, 2024.お知らせ • Sep 08CTG Bids for Control of Elecnor's Renewables UnitChina Three Gorges Corporation (CTG) is at the forefront of the bidding race for the acquisition of a controlling stake in Enerfin, S.A., the wind and solar subsidiary of Spanish infrastructure builder Elecnor SA (BME:ENO), Spanish media outlet Voz Populi reported on September 6, 2023, citing sources close to the transaction. The Chinese state-owned power company is said to be more interested in Enerfin's wind farms in Spain, where it wants to grow its presence, rather than in its assets in other markets, least of all Australia and the US, the report states. Elecnor began the search for a partner that would acquire a controlling stake in Enerfin in June 2023, after an unsuccessful attempt to find a buyer for a "significant but not majority stake" for over a year. In addition to CTG, the new quest attracted bidders such as Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) and French concessionaire and construction group Vinci SA (ENXTPA:DG).お知らせ • Jul 29+ 1 more updateVinci Sa Approves Interim Dividend, to Be Paid on 16 November 2023Vinci SA approved the payment of a 2023 interim dividend of €1.05 per share, to be paid on 16 November 2023.お知らせ • May 17+ 1 more updateVinci SA to Report Fiscal Year 2023 Results on Feb 08, 2024Vinci SA announced that they will report fiscal year 2023 results at 7:30 AM, Central European Standard Time on Feb 08, 2024お知らせ • May 13Vinci SA (ENXTPA:DG) completed the acquisition of a 55% stake in Entrevias Concessionária de Rodovias S.A. from Patria Investimentos Ltda.Vinci SA (ENXTPA:DG) agreed to acquire 55% stake in Entrevias Concessionária de Rodovias S.A. from Patria Investimentos Ltda on December 1, 2022. The transaction is expected to close in 2023. Vinci SA (ENXTPA:DG) completed the acquisition of a 55% stake in Entrevias Concessionária de Rodovias S.A. from Patria Investimentos Ltda on May 11, 2023.お知らせ • Feb 09Vinci SA Proposes Dividend for the Year 2022, Payable on 27 April 2023Vinci SA announced that on 8 February 2023, the Board of Directors decided to propose a 2022 dividend of €4.00 per share to the Shareholders’ General Meeting on 13 April 2023, reflecting its confidence in the Group’s prospects. Since an interim dividend of €1.00 per share was paid in November 2022, the final dividend payment on 27 April 2023 will be €3.00 per share, to be paid in cash, if approved in the Shareholders’ General Meeting.Upcoming Dividend • Nov 08Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 15 November 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%).お知らせ • Sep 15Vinci SA, Annual General Meeting, Apr 09, 2024Vinci SA, Annual General Meeting, Apr 09, 2024, at 10:00 Central European Standard Time.Reported Earnings • Aug 01First half 2022 earnings released: EPS: €3.37 (vs €1.20 in 1H 2021)First half 2022 results: EPS: €3.37 (up from €1.20 in 1H 2021). Revenue: €28.9b (up 26% from 1H 2021). Net income: €1.90b (up 179% from 1H 2021). Profit margin: 6.6% (up from 3.0% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 5.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.お知らせ • Jun 10+ 1 more updateVinci SA to Report First Half, 2023 Results on Jul 28, 2023Vinci SA announced that they will report first half, 2023 results on Jul 28, 2023Upcoming Dividend • Apr 19Upcoming dividend of €2.25 per shareEligible shareholders must have bought the stock before 26 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (3.9%).Reported Earnings • Feb 07Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €4.51 (up from €2.23 in FY 2020). Revenue: €50.0b (up 13% from FY 2020). Net income: €2.60b (up 109% from FY 2020). Profit margin: 5.2% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Buying Opportunity • Jan 24Now 22% undervaluedOver the last 90 days, the stock is up 3.9%. The fair value is estimated to be €122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 24% per annum over the last 3 years.Upcoming Dividend • Nov 10Upcoming dividend of €0.65 per shareEligible shareholders must have bought the stock before 16 November 2021. Payment date: 18 November 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%).Reported Earnings • Aug 03First half 2021 earnings released: EPS €1.20 (vs €0.53 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €23.0b (up 22% from 1H 2020). Net income: €682.0m (up €976.0m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.業績と収益の成長予測XTRA:SQU - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202881,6016,0845,67710,9121612/31/202779,0445,6815,47410,6851812/31/202676,5235,1775,48510,518186/30/202675,7495,0858,27612,147N/A3/31/202675,3404,9948,14512,017N/A12/31/202574,9304,9038,01311,886N/A9/30/202574,3194,8347,75011,565N/A6/30/202573,3594,7647,48611,244N/A3/31/202572,6454,8147,57411,479N/A12/31/202471,9314,8637,66211,714N/A9/30/202471,2234,7367,53611,575N/A6/30/202470,5154,6087,41011,436N/A3/31/202469,8104,6557,30910,988N/A12/31/202369,1054,7027,20810,540N/A9/30/202367,4734,5986,85110,480N/A6/30/202365,8414,4936,49410,420N/A3/31/202363,8834,3766,1909,904N/A12/31/202261,9244,2595,8869,387N/A9/30/202258,7294,0155,4708,244N/A6/30/202255,5333,7705,0537,100N/A3/31/202252,5893,1845,3987,453N/A12/31/202149,6442,5975,7437,806N/A9/30/202148,6132,4085,4137,478N/A6/30/202147,5812,2185,0837,150N/A3/31/202145,5021,7304,7996,913N/A12/31/202043,4221,2424,5156,675N/A9/30/202044,2001,4254,3686,672N/A6/30/202044,9771,6074,2216,668N/A3/31/202046,6142,434N/A6,879N/A12/31/201948,2513,260N/A7,090N/A9/30/201946,9723,151N/A6,516N/A6/30/201945,6923,042N/A5,941N/A3/31/201944,7073,013N/A5,542N/A12/31/201843,7212,983N/A5,142N/A9/30/201842,5483,000N/A4,742N/A6/30/201841,3753,017N/A4,342N/A3/31/201840,9122,882N/A4,311N/A12/31/201740,4482,747N/A4,280N/A9/30/201739,9492,681N/A4,335N/A6/30/201739,4492,615N/A4,390N/A3/31/201738,8262,560N/A4,368N/A12/31/201638,2032,505N/A4,346N/A9/30/201638,3042,326N/A4,324N/A6/30/201638,4052,147N/A4,302N/A3/31/201638,5422,097N/A4,412N/A12/31/201538,6782,046N/A4,522N/A9/30/201538,4782,002N/A4,443N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SQUの予測収益成長率 (年間6.5% ) は 貯蓄率 ( 2.1% ) を上回っています。収益対市場: SQUの収益 ( 6.5% ) German市場 ( 15.3% ) よりも低い成長が予測されています。高成長収益: SQUの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: SQUの収益 ( 3% ) German市場 ( 6.7% ) よりも低い成長が予測されています。高い収益成長: SQUの収益 ( 3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SQUの 自己資本利益率 は、3年後には低くなると予測されています ( 15.2 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/20 21:32終値2026/08/20 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Vinci SA 18 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。37 アナリスト機関Luis ArredondoBanco de Sabadell. S.A.José ArroyasBanco SantanderSusanna InvernizziBarclays34 その他のアナリストを表示
お知らせ • Jul 31Vinci SA Confirms Earnings Guidance for the Year 2026Vinci SA confirmed earnings guidance for the year 2026. For the year, company expected further growth in its revenue, operating earnings and net income attributable to owners of the parent.
お知らせ • Feb 06+ 1 more updateVinci Sa Provides Earnings Guidance for 2026Vinci SA provided earnings guidance for 2026. For the period, the company expects further growth in its revenue and net income attributable to owners of the parent.
お知らせ • Oct 24Vinci SA Confirms Earnings Guidance for the Year 2025Vinci SA confirmed earnings guidance for the year 2025. For the year, the company expects its total revenue and earnings to rise again in 2025, before factoring in the increase in corporate tax rates in France. France’s 2025 budget includes an exceptional contribution increasing the corporate income tax rate for larger companies. The impact of this measure on VINCI’s 2025 net income is an additional charge estimated at €0.4 billion which will be paid at the end of 2025.
お知らせ • Apr 27Vinci SA Provides Earnings Guidance for the Year 2024Vinci SA provided earnings guidance for the full year 2024. For the period, the company expects its total revenue to rise again in 2024, although growth is likely to be more limited than in 2023. Earnings are expected to increase as well. This forecast does not take into account the negative impact of the new tax on long-distance transport infrastructure operators being introduced by the French government, estimated to around €280 million. Despite this negative impact, net income in 2024 could be close to its level achieved in 2023.
お知らせ • Oct 28Vinci SA Provides Earnings Guidance for the Year 2023Vinci SA provided earnings guidance for the year 2023. The Group confirms that for the full year, it expects: a further increase – although more limited than in 2022 – in revenue and operating income; Net income slightly higher than the level achieved in 2022, despite a substantial increase in financial costs.
Declared Dividend • Aug 10First half dividend increased to €1.10Dividend of €1.10 is 4.8% higher than last year. Ex-date: 13th October 2026 Payment date: 15th October 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 04First half 2026 earnings released: EPS: €3.74 (vs €3.38 in 1H 2025)First half 2026 results: EPS: €3.74 (up from €3.38 in 1H 2025). Revenue: €36.2b (up 2.3% from 1H 2025). Net income: €2.08b (up 9.6% from 1H 2025). Profit margin: 5.7% (up from 5.4% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Jul 31Vinci SA Confirms Earnings Guidance for the Year 2026Vinci SA confirmed earnings guidance for the year 2026. For the year, company expected further growth in its revenue, operating earnings and net income attributable to owners of the parent.
お知らせ • Jul 30Vinci SA Approves Interim Dividend for 2026, Payable on 15 October 2026Vinci SA approved interim dividend of €1.10 per share for 2026 (interim dividend of €1.05 in 2025), to be paid on 15 October 2026. Ex date: October 13, 2026.
お知らせ • Jul 17VINCI Energies SA proposed to acquire All for One Group SE (XTRA:A1OS) for approximately €310 million.VINCI Energies SA proposed to acquire All for One Group SE (XTRA:A1OS) for approximately €310 million on July 16, 2026. A cash consideration of €67.5 per share will be paid by Vinci SA. The transaction is subject to, subject to antitrust regulations, approval by regulatory board / committee, a minimum acceptance threshold of 75% plus one share of all outstanding shares, approval of merger agreement by target board and approval of offer by target shareholders. The deal has been approved by the board of All for One Group SE. Roger Kiem, Stefan Bressler and Agmal Bahrami of White & Case, L.L.P. (Germany) acted as legal advisor to All for One Group SE.
Buy Or Sell Opportunity • Jun 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to €131. The fair value is estimated to be €109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period.
お知らせ • Jun 02Vinci SA Appoints Thierry Mirville as Chief Financial Officer, Effective 1 June 2026Vinci SA had appointed Thierry Mirville as Chief Financial Officer as from June 1, 2026. He succeeded Christian Labeyrie, who will retire at the end of this year. Thierry Mirville is a graduate of ESSEC Business School and of the Institut d'Etudes Politiques de Paris. Thierry Mirville began his professional career in 1991 at GTIE, a subsidiary of Compagnie Générale de Eaux (which became a VINCI subsidiary in 1997, renamed VINCI Energies in 2002). He was appointed Chief Financial Officer of VINCI Energies Deutschland in 2003 and became Chief Financial Officer of VINCI Energies in 2006. In 2018, he joined VINCI SA in charge of the Treasury, Financing and Tax Department. In 2021, he was appointed Chief Financial Officer of the new VINCI Construction division, which includes construction and road works activities. Thierry Mirville has been Deputy Chief Financial Officer and a member of VINCI’s Executive Committee since October 1, 2025.
Buy Or Sell Opportunity • May 06Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to €133. The fair value is estimated to be €109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.
お知らせ • Apr 25Vinci SA to Report First Half, 2026 Results on Jul 29, 2026Vinci SA announced that they will report first half, 2026 results on Jul 29, 2026
お知らせ • Apr 14+ 1 more updateVinci SA Approves Board ChangesVinci SA at its meeting held after the Shareholders’ General Meeting, the Board of Directors decided to appoint Nelson Martinho Galego has joined the Board of Directors as Director representing employees, replacing Roberto Migliardi.
Upcoming Dividend • Apr 14Upcoming dividend of €3.95 per shareEligible shareholders must have bought the stock before 21 April 2026. Payment date: 23 April 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%).
お知らせ • Mar 04Vinci SA, Annual General Meeting, Apr 14, 2026Vinci SA, Annual General Meeting, Apr 14, 2026. Location: 252 rue du faubourg saint honore, paris France
お知らせ • Feb 27VINCI Announces Governance ChangesVINCI has announced governance changes. Patrick Richard has been appointed as Secretary General of VINCI with effect from March 1, 2026. He remains a member of the Executive Committee and continues to serve as Secretary to the Board of Directors. Sophie Deis-Beauquesne has been appointed as General Counsel of VINCI and joins its Executive Committee. She reports to Patrick Richard. Ms. Deis-Beauquesne holds a doctor of laws degree and was admitted to the Paris bar, having practised as a lawyer in Paris and then in Hong Kong for nearly 10 years. She joined the VINCI Group in 2011 as Head of Legal at VINCI Energies International & Systems. In 2014, Ms. Deis-Beauquesne was appointed as this entity’s General Counsel, before being named General Counsel, overseeing legal, compliance and insurance aspects, at VINCI Energies in April 2024, when she also became a member of its Executive Committee. Céline Acharian has been appointed as Director of Ethics and Conduct of VINCI and joins its Executive Committee. She reports to Patrick Richard. A graduate of the École Normale Supérieure, Ms. Acharian joined Inria, the French National Institute for Research in Digital Science and Technology, in 2006 as Head of Partnerships and Public Affairs, and went on to serve as its Director of Communications from 2012 until 2017. In 2017, she became Director of Communications at the Autorité de Sûreté Nucléaire (ASN), the French Nuclear Safety Authority. Ms. Acharian joined the VINCI Group in September 2022 as Chief Executive Officer of the think tank La Fabrique de la Cité and has also helped raise the profile of Leonard, the Group’s innovation and foresight platform.
Buy Or Sell Opportunity • Feb 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €135. The fair value is estimated to be €112, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.
Declared Dividend • Feb 09Final dividend increased to €3.95Dividend of €3.95 is 6.8% higher than last year. Ex-date: 21st April 2026 Payment date: 23rd April 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Full year 2025 earnings released: EPS: €8.76 (vs €8.53 in FY 2024)Full year 2025 results: EPS: €8.76 (up from €8.53 in FY 2024). Revenue: €75.7b (up 4.0% from FY 2024). Net income: €4.90b (flat on FY 2024). Profit margin: 6.5% (down from 6.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Feb 06+ 1 more updateVinci Sa Provides Earnings Guidance for 2026Vinci SA provided earnings guidance for 2026. For the period, the company expects further growth in its revenue and net income attributable to owners of the parent.
お知らせ • Jan 13VINCI Announces Appointment of Christophe Ferrer as Vice-President of Business Development and Thierry Mirville as Deputy Chief Financial Officer to the Executive CommitteeVINCI announced that Christophe Ferrer has been appointed Vice-President, Business Development of VINCI and joined the Executive Committee, replacing Christophe Pelissié du Rausas following his retirement. A graduate of HEC Paris, Christophe Ferrer started his professional career at VINCI in 2006 as Project Manager in the Investor Relations Department. He then built a largely international career at VINCI Construction, first as Administrative and Financial Manager on major projects then as Financial Director of Eurovia in the United Kingdom. He became the VINCI Group's Director of Cash Management and Financing in 2021, and also oversees the Tax Department. Thierry Mirville, who was appointed Deputy Chief Financial Officer of VINCI on October 1, 2025, has also joined the Group's Executive Committee. A graduate of ESSEC Business School and of the Institut d'Études Politiques de Paris, Thierry Mirville began his professional career in 1991 at GTIE (a subsidiary of Compagnie Générale de Eaux at the time, which became a VINCI subsidiary in 1997 and was renamed VINCI Energies in 2002). He was appointed Chief Financial Officer of VINCI Energies Deutschland in 2003 and became Chief Financial Officer of VINCI Energies in 2006. In 2018, he joined VINCI SA as head of the Treasury and Financing Department and Tax Department. In 2021, he was appointed Chief Financial Officer of the new VINCI Construction division, which includes construction and roadworks activities.
お知らせ • Oct 24Vinci SA Confirms Earnings Guidance for the Year 2025Vinci SA confirmed earnings guidance for the year 2025. For the year, the company expects its total revenue and earnings to rise again in 2025, before factoring in the increase in corporate tax rates in France. France’s 2025 budget includes an exceptional contribution increasing the corporate income tax rate for larger companies. The impact of this measure on VINCI’s 2025 net income is an additional charge estimated at €0.4 billion which will be paid at the end of 2025.
お知らせ • Oct 23Vinci SA to Report Fiscal Year 2025 Results on Feb 05, 2026Vinci SA announced that they will report fiscal year 2025 results at 5:45 PM, Central European Standard Time on Feb 05, 2026
Declared Dividend • Oct 06First half dividend of €1.05 announcedDividend of €1.05 is the same as last year. Ex-date: 14th October 2025 Payment date: 16th October 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 01First half 2025 earnings released: EPS: €3.38 (vs €3.49 in 1H 2024)First half 2025 results: EPS: €3.38 (down from €3.49 in 1H 2024). Revenue: €35.4b (up 2.8% from 1H 2024). Net income: €1.90b (down 5.0% from 1H 2024). Profit margin: 5.4% (down from 5.8% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year.
お知らせ • Jul 25Vinci SA (ENXTPA:DG) signed an agreement to acquire S.C. EnergoBit S.A.Vinci SA (ENXTPA:DG) signed an agreement to acquire S.C. EnergoBit S.A. on July 24, 2025. For the period ending December 31, 2024, S.C. EnergoBit S.A. reported total revenue of RON 100 million.
Upcoming Dividend • Apr 15Upcoming dividend of €3.70 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (4.1%).
Declared Dividend • Feb 10Final dividend increased to €3.70Dividend of €3.70 is 7.2% higher than last year. Ex-date: 22nd April 2025 Payment date: 24th April 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 09Full year 2024 earnings released: EPS: €8.53 (vs €8.28 in FY 2023)Full year 2024 results: EPS: €8.53 (up from €8.28 in FY 2023). Revenue: €72.5b (up 3.7% from FY 2023). Net income: €4.86b (up 3.4% from FY 2023). Profit margin: 6.7% (in line with FY 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 07+ 2 more updatesVinci SA Proposes Dividend for 2024, Payable on 24 April 2025Vinci SA announced On 6 February 2025, the Board of Directors decided to propose a 2024 dividend of €4.75 per share to the Shareholders’ General Meeting on 17 April 2025, reflecting its confidence in the Group’s future prospects. Since an interim dividend of €1.05 per share was paid in October 2024, the final dividend payment on 24 April 2025 will be €3.70 per share, to be paid in cash, if approved at the Shareholders’ General Meeting.
Buy Or Sell Opportunity • Jan 24Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to €102. The fair value is estimated to be €129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period.
お知らせ • Nov 13The Schiphol Group and Vinci Reportedly to be Lining Up for Cairns Airport Owner North Queensland Airports GroupThe Schiphol Group (Royal Schiphol Group N.V.) and Vinci SA (ENXTPA:DG) are believed to be lining up for Cairns airport owner North Queensland Airports Group (North Queensland Airports Pty Limited), which is chasing a price of $3 billion. Global infrastructure investor Stonepeak (Stonepeak Partners LP) may also be in the mix, say sources. The understanding is that the process will be launched next month, and the first-round bids are due at the end of January in what will be a deal keeping investment bankers busy over the festive season when most typically take a break. But northern hemisphere groups often work through December and January, which is the likely explanation for the timing of the process. Global groups are drawn to the opportunity because, unlike other airport assets on offer where regulations stipulate they cannot own more than 49%, in this case they are allowed to own all of the airport business. Vinci was in the mix early on for the recent sale process of Gold Coast airport owner Queensland Airports, under which 74% of it was sold to Kohlberg Kravis Roberts and Skip Capital for $3 billion. Both KKR and Skip could be around the hoop for the North Queensland opportunity as well. Meanwhile, DEXUS (ASX:DXS) expressed some early interest in taking a look. North Queensland Airports Group owns Cairns and Mackay Airports, and the Mackay Airport Hotel. Based on its $3 billion price tag, it is more expensive than Perth Airport - the subject of a recent transaction – and Queensland Airports, from an earnings multiple perspective. The whole North Queensland Airports business is up for sale through Macquarie Capital. The sales pitch is the opportunity to transform Cairns into an international destination.
お知らせ • Nov 08Vinci SA Announces Executive ChangesOn November 7, 2024, Xavier Huillard has named Nicolas Notebaert as Chief Executive Officer of Concessions at VINCI. In his new role, Mr. Notebaert reports to Pierre Anjolras, Chief Operating Officer of VINCI. Already in charge of the VINCI Concessions business line (notably including VINCI Airports, VINCI Highways, VINCI Railways and several public-private partnerships), Mr. Notebaert has thus been given responsibility for VINCI Autoroutes and VINCI Stadium as well. This appointment clarifies the Group’s organisation and will strengthen synergies between VINCI’s concession companies. As Pierre Coppey has resigned as Chairman of the motorway concession companies that make up VINCI Autoroutes, Mr. Notebaert now also serves in that role. Born in 1970, Mr. Notebaert is a graduate of the École Polytechnique and the École Nationale des Ponts et Chaussées and holds an MBA. He joined the VINCI Group in 2002 as head of the Operations Department at Cofiroute and moved to VINCI Concessions in 2004 as Director of Business Development for France. In February 2008, Mr. Notebaert was appointed Chairman of VINCI Airports. Under his leadership, VINCI Airports became the world’s largest private operator in its sector, with more than 70 airports across 14 countries. In June 2016, Mr. Notebaert was appointed Chief Executive Officer of VINCI Concessions and joined the VINCI Group’s Executive Committee. In particular, he has accelerated the development of VINCI’s motorway concessions outside France.
Upcoming Dividend • Oct 08Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 17 October 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).
Reported Earnings • Jul 29First half 2024 earnings released: EPS: €3.49 (vs €3.70 in 1H 2023)First half 2024 results: EPS: €3.49 (down from €3.70 in 1H 2023). Revenue: €34.4b (up 4.6% from 1H 2023). Net income: €2.00b (down 4.5% from 1H 2023). Profit margin: 5.8% (down from 6.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 26Vinci SA Approves Interim Dividend, Payable on 17 October 2024The Board of Vinci SA approved a 2024 interim dividend of €1.05 per share, to be paid on 17 October 2024. 15 October 2024: Ex-date for the 2024 interim dividend.
お知らせ • Jun 13+ 3 more updatesVinci SA to Report Q3, 2025 Results on Oct 23, 2025Vinci SA announced that they will report Q3, 2025 results After-Market on Oct 23, 2025
Buy Or Sell Opportunity • Jun 10Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to €105. The fair value is estimated to be €136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.
お知らせ • May 06VINCI Appoints Pierre Anjolras as Chief Operating OfficerOn 3 May 2024, the Board of Directors of VINCI unanimously approved the appointment of Pierre Anjolras as Chief Operating Officer of VINCI. Pierre Anjolras will report to Xavier Huillard, Chairman and Chief Executive Officer of VINCI, and will be responsible for overseeing the Group's operational activities in its various business lines. Pierre Anjolras joined the VINCI Group in 1999. He acquired an extensive experience in motorway concessions, becoming Chief Operating Officer of Cofiroute in 2004 before being appointed Chief Executive Officer of ASF in 2007 (two VINCI Autoroutes networks). In May 2010, Pierre Anjolras became Deputy Chief Executive Officer in charge of International Affairs and Public-Private Partnerships at Eurovia, then Chairman and Chief Executive Officer in 2014, and joined VINCI's Executive Committee. At the beginning of 2021, Xavier Huillard appointed Pierre Anjolras as Chairman of VINCI Construction and entrusted him with the task of bringing Eurovia and VINCI Construction together. The continuous improvement of VINCI Construction’s performance in this new scope attests to the success of this reorganization. Xavier Huillard's current terms of office as Director and Chairman of the Board of Directors of VINCI remain in force until the 2026 Annual General Meeting.
お知らせ • Apr 27Vinci SA Provides Earnings Guidance for the Year 2024Vinci SA provided earnings guidance for the full year 2024. For the period, the company expects its total revenue to rise again in 2024, although growth is likely to be more limited than in 2023. Earnings are expected to increase as well. This forecast does not take into account the negative impact of the new tax on long-distance transport infrastructure operators being introduced by the French government, estimated to around €280 million. Despite this negative impact, net income in 2024 could be close to its level achieved in 2023.
Buy Or Sell Opportunity • Apr 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.1% to €110. The fair value is estimated to be €138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period.
Upcoming Dividend • Apr 16Upcoming dividend of €3.45 per shareEligible shareholders must have bought the stock before 23 April 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.1%).
Declared Dividend • Feb 19Final dividend of €3.45 announcedShareholders will receive a dividend of €3.45. Ex-date: 23rd April 2024 Payment date: 25th April 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 11Full year 2023 earnings released: EPS: €8.28 (vs €7.55 in FY 2022)Full year 2023 results: EPS: €8.28 (up from €7.55 in FY 2022). Revenue: €69.6b (up 11% from FY 2022). Net income: €4.70b (up 10% from FY 2022). Profit margin: 6.8% (in line with FY 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 08Vinci SA Proposes Final Dividend, Payable on 25 April 2024On 7 February 2024, the Board of Directors of Vinci SA decided to propose a 2023 dividend of €4.50 per share to the Shareholders’ General Meeting on 9 April 2024, reflecting its confidence in the Group’s future prospects. Since an interim dividend of €1.05 per share was paid in November 2023, the final dividend payment on 25 April 2024 will be €3.45 per share, to be paid in cash, if approved at the Shareholders’ General Meeting.
New Risk • Feb 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.3% increase in shares outstanding).
Buy Or Sell Opportunity • Jan 19Now 20% undervaluedOver the last 90 days, the stock has risen 17% to €117. The fair value is estimated to be €146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Buying Opportunity • Jan 16Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 5.7% per annum over the same time period.
Buying Opportunity • Dec 28Now 20% undervaluedOver the last 90 days, the stock is up 8.2%. The fair value is estimated to be €142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 5.7% per annum over the same time period.
Buying Opportunity • Dec 04Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 5.8% per annum over the same time period.
Upcoming Dividend • Nov 07Upcoming dividend of €1.05 per share at 3.8% yieldEligible shareholders must have bought the stock before 14 November 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (4.0%).
お知らせ • Oct 28Vinci SA Provides Earnings Guidance for the Year 2023Vinci SA provided earnings guidance for the year 2023. The Group confirms that for the full year, it expects: a further increase – although more limited than in 2022 – in revenue and operating income; Net income slightly higher than the level achieved in 2022, despite a substantial increase in financial costs.
お知らせ • Oct 05Vinci SA (ENXTPA:DG) commences an Equity Buyback for 10% of its issued share capital, for €4,000 million.Vinci SA (ENXTPA:DG) commences share repurchases on September 28, 2023, under the program mandated by the shareholders in the Combined Shareholders’ General Meeting held on April 13, 2023. As per the mandate, the company is authorized to repurchase its own shares such that its holding in treasury does not exceed 10% of its share capital. The repurchases will be made at a maximum acquisition cost of €140 per share, for €4,000 million. The objective of the program is to transfer or exchange of shares upon the exercise of the rights attached to securities giving access to the company’s share capital, retention and future delivery for payment or exchange purposes in connection with transactions involving external growth, disposal or transfer of company shares to eligible employees and/or company officers of VINCI Group companies in the context of savings plans, share and/or share purchase option allocation plans, including disposal to any approved service provider appointed for the design, implementation and management of any employee savings or similar structure on behalf of the VINCI Group, and pledge of shares as guarantee under employee savings plans, ensuring market liquidity within the framework of a liquidity agreement and entrusted to an investment service provider acting independently, cancellation, as part of the company's financial policy. The program will be valid for a period of 18 months until October 12, 2024.
お知らせ • Sep 08CTG Bids for Control of Elecnor's Renewables UnitChina Three Gorges Corporation (CTG) is at the forefront of the bidding race for the acquisition of a controlling stake in Enerfin, S.A., the wind and solar subsidiary of Spanish infrastructure builder Elecnor SA (BME:ENO), Spanish media outlet Voz Populi reported on September 6, 2023, citing sources close to the transaction. The Chinese state-owned power company is said to be more interested in Enerfin's wind farms in Spain, where it wants to grow its presence, rather than in its assets in other markets, least of all Australia and the US, the report states. Elecnor began the search for a partner that would acquire a controlling stake in Enerfin in June 2023, after an unsuccessful attempt to find a buyer for a "significant but not majority stake" for over a year. In addition to CTG, the new quest attracted bidders such as Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) and French concessionaire and construction group Vinci SA (ENXTPA:DG).
お知らせ • Jul 29+ 1 more updateVinci Sa Approves Interim Dividend, to Be Paid on 16 November 2023Vinci SA approved the payment of a 2023 interim dividend of €1.05 per share, to be paid on 16 November 2023.
お知らせ • May 17+ 1 more updateVinci SA to Report Fiscal Year 2023 Results on Feb 08, 2024Vinci SA announced that they will report fiscal year 2023 results at 7:30 AM, Central European Standard Time on Feb 08, 2024
お知らせ • May 13Vinci SA (ENXTPA:DG) completed the acquisition of a 55% stake in Entrevias Concessionária de Rodovias S.A. from Patria Investimentos Ltda.Vinci SA (ENXTPA:DG) agreed to acquire 55% stake in Entrevias Concessionária de Rodovias S.A. from Patria Investimentos Ltda on December 1, 2022. The transaction is expected to close in 2023. Vinci SA (ENXTPA:DG) completed the acquisition of a 55% stake in Entrevias Concessionária de Rodovias S.A. from Patria Investimentos Ltda on May 11, 2023.
お知らせ • Feb 09Vinci SA Proposes Dividend for the Year 2022, Payable on 27 April 2023Vinci SA announced that on 8 February 2023, the Board of Directors decided to propose a 2022 dividend of €4.00 per share to the Shareholders’ General Meeting on 13 April 2023, reflecting its confidence in the Group’s prospects. Since an interim dividend of €1.00 per share was paid in November 2022, the final dividend payment on 27 April 2023 will be €3.00 per share, to be paid in cash, if approved in the Shareholders’ General Meeting.
Upcoming Dividend • Nov 08Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 15 November 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%).
お知らせ • Sep 15Vinci SA, Annual General Meeting, Apr 09, 2024Vinci SA, Annual General Meeting, Apr 09, 2024, at 10:00 Central European Standard Time.
Reported Earnings • Aug 01First half 2022 earnings released: EPS: €3.37 (vs €1.20 in 1H 2021)First half 2022 results: EPS: €3.37 (up from €1.20 in 1H 2021). Revenue: €28.9b (up 26% from 1H 2021). Net income: €1.90b (up 179% from 1H 2021). Profit margin: 6.6% (up from 3.0% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 5.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Jun 10+ 1 more updateVinci SA to Report First Half, 2023 Results on Jul 28, 2023Vinci SA announced that they will report first half, 2023 results on Jul 28, 2023
Upcoming Dividend • Apr 19Upcoming dividend of €2.25 per shareEligible shareholders must have bought the stock before 26 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (3.9%).
Reported Earnings • Feb 07Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €4.51 (up from €2.23 in FY 2020). Revenue: €50.0b (up 13% from FY 2020). Net income: €2.60b (up 109% from FY 2020). Profit margin: 5.2% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Buying Opportunity • Jan 24Now 22% undervaluedOver the last 90 days, the stock is up 3.9%. The fair value is estimated to be €122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 24% per annum over the last 3 years.
Upcoming Dividend • Nov 10Upcoming dividend of €0.65 per shareEligible shareholders must have bought the stock before 16 November 2021. Payment date: 18 November 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%).
Reported Earnings • Aug 03First half 2021 earnings released: EPS €1.20 (vs €0.53 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €23.0b (up 22% from 1H 2020). Net income: €682.0m (up €976.0m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.