Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Kristell Guizouarn was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • Apr 12
Vicat S.A. to Approves Dividend for the Financial Year 2025, Payable on May 4, 2026 Vicat S.A. in Annual General Meeting held on April 10, 2026 adopted, the resolution to pay a dividend of €2.00 per share, in accordance with the recommendations of the Board of Directors. The ex-dividend date is set on April 29, 2026, and the dividend will be paid on May 4, 2026. お知らせ • Feb 17
Vicat S.A. to Propose Dividend for the Financial Year 2025 For the 2025 financial year, the Board of Directors Vicat S.A. will propose a dividend of €2.0 per share at the next General Meeting, unchanged from 2024, representing a yield of 2.6%. お知らせ • Dec 05
Vicat S.A., Annual General Meeting, Apr 10, 2026 Vicat S.A., Annual General Meeting, Apr 10, 2026. お知らせ • Dec 03
Vicat S.A. to Report First Half, 2026 Results on Jul 29, 2026 Vicat S.A. announced that they will report first half, 2026 results on Jul 29, 2026 お知らせ • Nov 05
Vicat S.A. Confirms Earnings Guidance for 2025 Vicat S.A. confirmed earnings guidance for 2025. For the period, the company confirmed sales growth on a like-for-like basis. お知らせ • Nov 04
Vicat S.A. to Report Fiscal Year 2025 Results on Feb 17, 2026 Vicat S.A. announced that they will report fiscal year 2025 results After-Market on Feb 17, 2026 お知らせ • Mar 01
Vicat S.A., Annual General Meeting, Apr 11, 2025 Vicat S.A., Annual General Meeting, Apr 11, 2025. Location: 4 rue aristide berges, les trois vallons, l isle d abeau France お知らせ • Nov 27
Vicat S.A. to Report First Half, 2025 Results on Jul 28, 2025 Vicat S.A. announced that they will report first half, 2025 results on Jul 28, 2025 お知らせ • Nov 05
Vicat S.A. to Report Fiscal Year 2024 Results on Feb 18, 2025 Vicat S.A. announced that they will report fiscal year 2024 results After-Market on Feb 18, 2025 Reported Earnings • Jul 29
First half 2024 earnings released: EPS: €2.31 (vs €2.09 in 1H 2023) First half 2024 results: EPS: €2.31 (up from €2.09 in 1H 2023). Revenue: €1.94b (up 1.3% from 1H 2023). Net income: €103.5m (up 10% from 1H 2023). Profit margin: 5.3% (up from 4.9% in 1H 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. お知らせ • Apr 30
Vicat S.A. Provides Group Sales Guidance for the Year 2024 Vicat S.A. provided group sales guidance for the year 2024. In 2024, the Group expects a continued increase in its sales, supported by growth in the United States and the resilience of emerging markets, even taking into account the residential sector’s weakness in Europe. Upcoming Dividend • Apr 22
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%). お知らせ • Apr 13
Vicat S.A. Approves Dividend, Payable on May 2, 2024 Vicat S.A. at its AGM held on April 12, 2024 approved to pay a dividend of €2.00 per share, in accordance with the recommendations of the Board of Directors. The ex-dividend date is set on April 29, 2024, and the dividend will be paid on May 2, 2024. New Risk • Mar 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity). Declared Dividend • Mar 07
Dividend increased to €2.00 Dividend of €2.00 is 21% higher than last year. Ex-date: 29th April 2024 Payment date: 2nd May 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: €5.76 (vs €3.48 in FY 2022) Full year 2023 results: EPS: €5.76 (up from €3.48 in FY 2022). Revenue: €3.94b (up 8.1% from FY 2022). Net income: €258.4m (up 66% from FY 2022). Profit margin: 6.6% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. お知らせ • Feb 14
Vicat S.A. Proposes Dividend for the Year 2023 The Board of Directors of Vicat S.A. decided at its meeting on 12 February 2024 to propose the distribution of a dividend of €2.0 per share at the Group’s Annual General Meeting due to be held on 12 April 2024. お知らせ • Nov 09
Vicat S.A. Provides Group Sales Guidance for the Year 2023 Vicat S.A. provided group sales guidance for the year 2023. In 2023, the Group expects further significant sales growth, with its markets overall expected to display resilience and reflect the full benefit of the price hikes in selling prices implemented in 2022 and the fresh increases introduced in 2023. お知らせ • Nov 08
Vicat S.A. to Report Fiscal Year 2023 Results on Feb 13, 2024 Vicat S.A. announced that they will report fiscal year 2023 results After-Market on Feb 13, 2024 Reported Earnings • Jul 28
First half 2023 earnings released: EPS: €2.09 (vs €1.73 in 1H 2022) First half 2023 results: EPS: €2.09 (up from €1.73 in 1H 2022). Revenue: €1.91b (up 9.0% from 1H 2022). Net income: €94.0m (up 21% from 1H 2022). Profit margin: 4.9% (up from 4.4% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Apr 18
Upcoming dividend of €1.65 per share at 5.7% yield Eligible shareholders must have bought the stock before 25 April 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €30.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total loss to shareholders of 3.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.43 per share. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: €3.48 (vs €4.55 in FY 2021) Full year 2022 results: EPS: €3.48 (down from €4.55 in FY 2021). Revenue: €3.64b (up 17% from FY 2021). Net income: €156.1m (down 24% from FY 2021). Profit margin: 4.3% (down from 6.5% in FY 2021). 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 2.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Delphine Andre was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Nov 08
Vicat S.A. to Report Fiscal Year 2022 Results on Feb 14, 2023 Vicat S.A. announced that they will report fiscal year 2022 results After-Market on Feb 14, 2023 Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €93.5m from profit in 1H 2021). Profit margin: (down from 6.0% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Delphine Andre was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 22
Upcoming dividend of €1.65 per share Eligible shareholders must have bought the stock before 29 April 2022. Payment date: 03 May 2022. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of German dividend payers (3.8%). Higher than average of industry peers (3.9%). お知らせ • Apr 14
Vicat S.A. Increases Dividend Payment Vicat S.A. including the resolution to increase the dividend to €1.65 per share, in accordance with the recommendations of the Board of Directors at its AGM held on 13 April 2022. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €4.55 (up from €3.47 in FY 2020). Revenue: €3.12b (up 11% from FY 2020). Net income: €204.2m (up 31% from FY 2020). Profit margin: 6.5% (up from 5.6% 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 7.1%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. お知らせ • Feb 17
Vicat SA Proposes the Distribution for the Year 2021 Vicat SA announced that the Board of Directors decided at its meeting on 11 February 2022 to propose the distribution of a dividend of €1.65 per share, at the Group’s Annual General Meeting due to be held on 13 April 2022. Reported Earnings • Aug 03
First half 2021 earnings released: EPS €2.08 (vs €0.60 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €1.56b (up 20% from 1H 2020). Net income: €93.5m (up 246% from 1H 2020). Profit margin: 6.0% (up from 2.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 19
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.7%). Reported Earnings • Mar 13
Full year 2020 earnings released: EPS €3.47 (vs €3.31 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €2.81b (up 2.4% from FY 2019). Net income: €156.0m (up 4.8% from FY 2019). Profit margin: 5.6% (up from 5.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to stay flat compared to a 6.7% growth forecast for the Basic Materials industry in Germany. Reported Earnings • Feb 17
Full year 2020 earnings released: EPS €3.47 (vs €3.31 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €2.81b (up 2.4% from FY 2019). Net income: €156.0m (up 4.8% from FY 2019). Profit margin: 5.6% (up from 5.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Feb 17
Revenue beats expectations Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 2.9%, compared to a 4.0% growth forecast for the Basic Materials industry in Germany. Is New 90 Day High Low • Feb 12
New 90-day high: €38.70 The company is up 22% from its price of €31.60 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €80.68 per share. Is New 90 Day High Low • Jan 09
New 90-day high: €36.45 The company is up 25% from its price of €29.15 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €140 per share. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 18% share price gain to €29.60, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 13x in the Basic Materials industry in Europe. Total return to shareholders over the past three years is a loss of 51%. Is New 90 Day High Low • Oct 30
New 90-day low: €25.05 The company is down 4.0% from its price of €26.15 on 31 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Basic Materials industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.02 per share. お知らせ • Aug 06
Vicat SA (ENXTPA:VCT) acquired Sablieres Dier. Vicat SA (ENXTPA:VCT) acquired Sablieres Dier during the year ended December 31, 2019. Vicat added 12 employees as a part of this acquisition.
Vicat SA (ENXTPA:VCT) completed the acquisition of Sablieres Dier during the year ended December 31, 2019.