VINCI
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VINCI SA engages in the concessions and contracting businesses worldwide. The last earnings update was 102 days ago. More info.
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DG Share Price and Events
7 Day Returns
1 Year Returns
DG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| VINCI (DG) | 2.8% | 0% | 10.3% | 2.5% | 32% | 64.6% |
| FR Construction | 4.1% | -1.4% | 9% | -5.2% | 28.3% | 43.2% |
| FR Market | 1.6% | -3.8% | 3.8% | -4.4% | 29.3% | 26.7% |
1 Year Return vs Industry and Market
- DG outperformed the Construction industry which returned -5.2% over the past year.
- DG outperformed the Market in France which returned -4.4% over the past year.
DG Value
Is VINCI undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
VINCI
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for VINCI.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 17 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.7% |
| Perpetual Growth Rate | 10-Year FR Government Bond Rate | 0.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year FR Govt Bond Rate | 0.7% |
| Equity Risk Premium | S&P Global | 6.7% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 0.98 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 33%) (48.86%)) |
1.205 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.205 * 6.65%) |
8.74% |
Discounted Cash Flow Calculation for ENXTPA:DG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for VINCI is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 8.74%) |
|
|---|---|---|---|
| 2019 | 3,248.44 | Analyst x6 | 2,987.25 |
| 2020 | 3,970.76 | Analyst x11 | 3,357.89 |
| 2021 | 3,981.27 | Analyst x6 | 3,096.07 |
| 2022 | 3,997.39 | Est @ 0.41% | 2,858.66 |
| 2023 | 4,017.51 | Est @ 0.5% | 2,642.04 |
| 2024 | 4,040.50 | Est @ 0.57% | 2,443.51 |
| 2025 | 4,065.58 | Est @ 0.62% | 2,260.99 |
| 2026 | 4,092.18 | Est @ 0.65% | 2,092.79 |
| 2027 | 4,119.92 | Est @ 0.68% | 1,937.57 |
| 2028 | 4,148.52 | Est @ 0.69% | 1,794.15 |
| Present value of next 10 years cash flows | €25,470.93 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €4,148.52 × (1 + 0.73%) ÷ (8.74% – 0.73%) |
€52,167.95 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €52,167.95 ÷ (1 + 8.74%)10 |
€22,561.57 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €25,470.93 + €22,561.57 |
€48,032.50 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €48,032.50 / 561.58 |
€85.53 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €85.53 |
| Current discount | Discount to share price of
€89.40
= -1 x (€89.40 - €85.53) / €85.53 |
-4.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of VINCI is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for VINCI's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
VINCI's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €5.38 |
| ENXTPA:DG Share Price ** | ENXTPA (2019-05-21) in EUR | €89.4 |
| France Construction Industry PE Ratio | Median Figure of 5 Publicly-Listed Construction Companies | 14.12x |
| France Market PE Ratio | Median Figure of 419 Publicly-Listed Companies | 17.64x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of VINCI.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTPA:DG Share Price ÷ EPS (both in EUR) = 89.4 ÷ 5.38 |
16.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VINCI is overvalued based on earnings compared to the FR Construction industry average.
- VINCI is good value based on earnings compared to the France market.
Price based on expected Growth
Does
VINCI's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.63x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts |
8.3%per year |
| Europe Construction Industry PEG Ratio | Median Figure of 47 Publicly-Listed Construction Companies | 1.14x |
| France Market PEG Ratio | Median Figure of 269 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.63x ÷ 8.3% |
2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VINCI is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
VINCI's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €34.58 |
| ENXTPA:DG Share Price * | ENXTPA (2019-05-21) in EUR | €89.4 |
| France Construction Industry PB Ratio | Median Figure of 6 Publicly-Listed Construction Companies | 1.43x |
| France Market PB Ratio | Median Figure of 619 Publicly-Listed Companies | 1.45x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTPA:DG Share Price ÷ Book Value per Share (both in EUR) = 89.4 ÷ 34.58 |
2.59x |
* Primary Listing of VINCI.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VINCI is overvalued based on assets compared to the FR Construction industry average.
Value checks
We assess VINCI's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) VINCI has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
DG Future Performance
How is VINCI expected to perform in the next 1 to 3 years based on estimates from 17 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- VINCI's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
- VINCI's earnings growth is positive but not above the France market average.
- VINCI's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ENXTPA:DG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts | 8.3% |
| ENXTPA:DG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts | 3.2% |
| France Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 8.5% |
| Europe Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 2.7% |
| France Market Earnings Growth Rate | Market Cap Weighted Average | 13.2% |
| France Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 49,461 | 1 | ||
| 2021-12-31 | 48,871 | 6,279 | 3,824 | 11 |
| 2020-12-31 | 47,633 | 6,161 | 3,580 | 16 |
| 2019-12-31 | 46,058 | 5,397 | 3,277 | 16 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 44,354 | 5,142 | 2,983 |
| 2018-09-30 | 43,322 | 4,742 | 3,000 |
| 2018-06-30 | 42,290 | 4,342 | 3,017 |
| 2018-03-31 | 41,684 | 4,311 | 2,882 |
| 2017-12-31 | 41,077 | 4,280 | 2,747 |
| 2017-09-30 | 40,409 | 4,335 | 2,681 |
| 2017-06-30 | 39,741 | 4,390 | 2,615 |
| 2017-03-31 | 39,210 | 4,368 | 2,560 |
| 2016-12-31 | 38,678 | 4,346 | 2,505 |
| 2016-09-30 | 38,829 | 4,324 | 2,326 |
| 2016-06-30 | 38,979 | 4,302 | 2,147 |
| 2016-03-31 | 39,150 | 4,412 | 2,097 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
All data from VINCI Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | 6.88 | 7.40 | 6.20 | 8.00 |
| 2020-12-31 | 6.37 | 6.95 | 5.87 | 14.00 |
| 2019-12-31 | 5.83 | 6.08 | 5.53 | 13.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 5.38 |
| 2018-09-30 | 5.41 |
| 2018-06-30 | 5.44 |
| 2018-03-31 | 5.20 |
| 2017-12-31 | 4.95 |
| 2017-09-30 | 4.83 |
| 2017-06-30 | 4.71 |
| 2017-03-31 | 4.62 |
| 2016-12-31 | 4.52 |
| 2016-09-30 | 4.19 |
| 2016-06-30 | 3.87 |
| 2016-03-31 | 3.78 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess VINCI's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
VINCI has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
DG Past Performance
How has VINCI performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- VINCI's year on year earnings growth rate has been positive over the past 5 years.
- VINCI's 1-year earnings growth exceeds its 5-year average (8.6% vs 6.8%)
- VINCI's earnings growth has not exceeded the Europe Construction industry average in the past year (8.6% vs 15.9%).
Earnings and Revenue History
All data from VINCI Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 44,354.00 | 2,983.00 | 233.00 | |
| 2018-09-30 | 43,322.00 | 3,000.00 | 221.50 | |
| 2018-06-30 | 42,290.00 | 3,017.00 | 210.00 | |
| 2018-03-31 | 41,683.50 | 2,882.00 | 198.00 | |
| 2017-12-31 | 41,077.00 | 2,747.00 | 186.00 | |
| 2017-09-30 | 40,409.00 | 2,681.00 | 173.00 | |
| 2017-06-30 | 39,741.00 | 2,615.00 | 160.00 | |
| 2017-03-31 | 39,209.50 | 2,560.00 | 155.50 | |
| 2016-12-31 | 38,678.00 | 2,505.00 | 151.00 | |
| 2016-09-30 | 38,828.50 | 2,326.00 | 126.00 | |
| 2016-06-30 | 38,979.00 | 2,147.00 | 101.00 | |
| 2016-03-31 | 39,150.00 | 2,096.50 | 98.00 | |
| 2015-12-31 | 39,321.00 | 2,046.00 | 95.00 | |
| 2015-09-30 | 39,018.50 | 2,001.50 | 93.00 | |
| 2015-06-30 | 38,716.00 | 1,957.00 | 91.00 | |
| 2015-03-31 | 38,955.00 | 2,221.50 | 96.50 | |
| 2014-12-31 | 39,194.00 | 2,486.00 | 102.00 | |
| 2014-09-30 | 40,000.50 | 2,524.00 | 105.00 | |
| 2014-06-30 | 40,807.00 | 2,562.00 | 108.00 | |
| 2014-03-31 | 40,900.50 | 2,262.00 | 97.00 | |
| 2013-12-31 | 40,994.00 | 1,962.00 | 86.00 | |
| 2013-09-30 | 40,518.50 | 1,921.00 | 87.00 | |
| 2013-06-30 | 40,043.00 | 1,880.00 | 88.00 | |
| 2013-03-31 | 39,712.50 | 1,898.50 | 91.00 | |
| 2012-12-31 | 39,382.00 | 1,917.00 | 94.00 | |
| 2012-09-30 | 38,818.25 | 1,896.40 | 101.85 | |
| 2012-06-30 | 38,254.50 | 1,875.80 | 109.70 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- VINCI has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- VINCI used its assets more efficiently than the FR Construction industry average last year based on Return on Assets.
- VINCI has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess VINCI's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
VINCI has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
DG Health
How is VINCI's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up VINCI's finances.
The net worth of a company is the difference between its assets and liabilities.
- VINCI's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- VINCI's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from VINCI Company Filings, last reported 4 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 19,818.00 | 24,528.00 | 8,205.00 |
| 2018-09-30 | 19,818.00 | 24,528.00 | 8,205.00 |
| 2018-06-30 | 18,333.00 | 23,627.00 | 6,171.00 |
| 2018-03-31 | 18,333.00 | 23,627.00 | 6,171.00 |
| 2017-12-31 | 18,384.00 | 21,874.00 | 6,991.00 |
| 2017-09-30 | 18,384.00 | 21,874.00 | 6,991.00 |
| 2017-06-30 | 16,860.00 | 21,404.00 | 4,937.00 |
| 2017-03-31 | 16,860.00 | 21,404.00 | 4,937.00 |
| 2016-12-31 | 17,006.00 | 21,863.00 | 6,832.00 |
| 2016-09-30 | 17,006.00 | 21,863.00 | 6,832.00 |
| 2016-06-30 | 15,180.00 | 20,129.00 | 4,524.00 |
| 2016-03-31 | 15,180.00 | 20,129.00 | 4,524.00 |
| 2015-12-31 | 15,256.00 | 19,404.00 | 5,798.00 |
| 2015-09-30 | 15,256.00 | 19,404.00 | 5,798.00 |
| 2015-06-30 | 14,889.00 | 20,402.00 | 5,745.00 |
| 2015-03-31 | 14,889.00 | 20,402.00 | 5,745.00 |
| 2014-12-31 | 14,868.00 | 21,196.00 | 6,624.00 |
| 2014-09-30 | 14,868.00 | 21,196.00 | 6,624.00 |
| 2014-06-30 | 14,301.00 | 17,779.00 | 2,894.00 |
| 2014-03-31 | 14,301.00 | 17,779.00 | 2,894.00 |
| 2013-12-31 | 14,260.00 | 20,798.00 | 5,819.00 |
| 2013-09-30 | 14,260.00 | 20,798.00 | 5,819.00 |
| 2013-06-30 | 14,386.00 | 18,540.00 | 5,542.00 |
| 2013-03-31 | 14,386.00 | 18,540.00 | 5,542.00 |
| 2012-12-31 | 13,767.00 | 20,194.00 | 6,937.00 |
| 2012-09-30 | 13,767.00 | 20,194.00 | 6,937.00 |
| 2012-06-30 | 13,362.30 | 20,483.80 | 5,600.60 |
- VINCI's level of debt (123.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (145.6% vs 123.8% today).
- Debt is well covered by operating cash flow (21%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13.6x coverage).
Financial health checks
We assess VINCI's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) VINCI has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
DG Dividends
What is VINCI's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
VINCI
shares you are expected to receive
€60
in your first year as a dividend.
Dividend Amount
- VINCI's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.59%).
- VINCI's dividend is below the markets top 25% of dividend payers in France (4.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| France Construction Industry Average Dividend Yield | Market Cap Weighted Average of 5 Stocks | 3.4% |
| France Market Average Dividend Yield | Market Cap Weighted Average of 323 Stocks | 3.1% |
| France Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| France Bottom 25% Dividend Yield | 25th Percentile | 1.6% |
| France Top 25% Dividend Yield | 75th Percentile | 4.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | 3.52 | 12.00 |
| 2020-12-31 | 3.20 | 20.00 |
| 2019-12-31 | 2.91 | 19.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-06 | 2.670 | 3.128 |
| 2018-07-27 | 2.510 | 3.215 |
| 2018-04-17 | 2.450 | 2.899 |
| 2017-07-28 | 2.160 | 2.635 |
| 2017-02-07 | 2.100 | 2.818 |
| 2016-04-19 | 1.840 | 2.819 |
| 2015-07-30 | 1.790 | 2.979 |
| 2015-02-04 | 1.770 | 3.279 |
| 2014-07-31 | 1.770 | 3.866 |
| 2014-04-15 | 1.770 | 3.272 |
| 2013-07-30 | 1.770 | 3.785 |
| 2013-02-05 | 1.770 | 4.765 |
| 2012-07-31 | 1.770 | 5.059 |
| 2012-02-07 | 1.770 | 4.954 |
| 2011-08-30 | 1.700 | 5.062 |
| 2011-03-01 | 1.670 | 4.042 |
| 2010-08-31 | 1.620 | 4.071 |
| 2010-03-25 | 1.620 | 4.268 |
| 2010-03-03 | 1.620 | 3.821 |
| 2009-08-31 | 1.620 | 4.176 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
VINCI's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2x coverage).
- Dividends after 3 years are expected to be covered by earnings (2x coverage).
Income/ dividend checks
We assess VINCI's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can VINCI afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) VINCI has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
DG Management
CEO
| COMPENSATION | €4,587,922 |
| AGE | 64 |
| TENURE AS CEO | 13.3 years |
CEO Bio
Mr. Xavier M. P. Huillard has been the Chairman of VINCI SA since May 6, 2010 and its Chief Executive Officer since January 2006. Mr. Huillard serves as Chairman of VINCI Concessions SAS; Chairman of the Supervisory Board of VINCI Deutschland GmbH; permanent representative of VINCI on the Boards of Directors of VINCI Energies and of Fabrique de la Cité; permanent representative of Snel on the Board of Directors of ASF and of VINCI Autoroutes on the Board of Directors of Cofiroute; Chairman of the Fondation VINCI pour la Cité; Director of Kansai Airports; and Director of Air Liquide. He has been Director at Aéroports de Paris SA since May 15, 2014. He has spent most of his working life in the construction industry in France and abroad. Mr. Huillard joined Sogea in December 1996 as Deputy Chief Executive Officer in charge of international activities and specific projects, and then became its Chairman and Chief Executive Officer in 1998. He was appointed Deputy General Manager of VINCI in March 1998 and was Chairman of VINCI Construction from 2000 to 2002. He was appointed Co-Chief Operating Officer of VINCI and was Chairman and Chief Executive Officer of VINCI Energies from 2002 to 2004, then Chairman of VINCI Energies from 2004 to 2005. He served as Chairman of the Institut de l’Entreprise from January 2011 until January 2017. He is Vice-Chairman of the non-profit organisation Aurore. He served as Chairman of VINCI Concessions Management SAS and VINCI Concessions SAS since June 20, 2016; Director of VINCI plc and VINCI Investments Ltd; permanent representative of VINCI Concessions on the Board of Directors of ASF Holding; and permanent representative of VINCI on the Board of Directors of Eurovia. He is a Director of Raise Investissement, SAS. Mr. Huillard graduated from École Polytechnique and the École Nationale des Ponts et Chaussées engineering school.
CEO Compensation
- Xavier M.'s compensation has been consistent with company performance over the past year, both up more than 20%.
- Xavier M.'s remuneration is higher than average for companies of similar size in France.
Management Team Tenure
Average tenure and age of the VINCI management team in years:
- The average tenure for the VINCI management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Xavier M. Huillard
Chairman & CEO
€5M
64
13.3 yrs
Christian Labeyrie
CFO & Executive VP
62
20.3 yrs
Gregoire Thibault
Group Director of Investor Relations & Financial Communications
38
0.8 yrs
Patrick Richard
General Counsel & Secretary
61
18.3 yrs
Pierre Duprat
Vice-President of Corporate Communications
55
Franck Mougin
Vice President of Human Resources & Sustainable Development
61
9.7 yrs
Pierre Coppey
Executive Vice President
€1M
55
18.3 yrs
Richard Francioli
Executive Vice-President of Contracting
59
9.3 yrs
Hervé Adam
Executive VP of Vinci Energies - France
Alexandra Boutelier
Chief Operating Officer of Consortium Stade de France - Vinci Stadium
Board of Directors Tenure
Average tenure and age of the VINCI board of directors in years:
- The tenure for the VINCI board of directors is about average.
Board of Directors
Xavier M. Huillard
Chairman & CEO
€5M
64
9 yrs
Yves-Thibault de Silguy
Vice-Chairman
€233K
70
9 yrs
Olivier de la Roussière
Chairman of VINCI Immobilier
Pierre Anjolras
Chairman of Eurovia
52
5.2 yrs
Arnaud Grison
Chairman & CEO of VINCI Energies
0.2 yrs
Fadi Selwan
VP of Business Development for VINCI Concessions & Chairman of VINCI Highways
53
Jérôme Stubler
Chairman of VINCI Construction
55
4.4 yrs
Benoît Lecinq
Chairman of Entrepose
Hugues Fourmentraux
Chairman of VINCI Construction France
50
3.3 yrs
Manuel Peltier
Chairman of Soletanche Freyssine
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess VINCI's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) VINCI has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
DG News
Simply Wall St News
An Examination Of VINCI SA (EPA:DG)
ENXTPA:DG Historical Dividend Yield, May 15th 2019 Next Steps: For VINCI, there are three fundamental aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for DG’s future growth? … Take a look at our free research report of analyst consensus for DG’s outlook. … The intrinsic value infographic in our free research report helps visualize whether DG is currently mispriced by the market.
Simply Wall St - – Full articleDoes VINCI SA's (EPA:DG) Past Performance Indicate A Stronger Future?
When VINCI SA (EPA:DG) announced its most recent earnings (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … DG's trailing twelve-month earnings (from 31 December 2018) of €3.0b has … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 6.8%, indicating the rate at which DG is growing has accelerated
Simply Wall St - – Full articleDo Directors Own VINCI SA (EPA:DG) Shares?
If you want to know who really controls VINCI SA (EPA:DG), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleIs VINCI SA's (EPA:DG) CEO Salary Justified?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … At the time of writing our data says that VINCI SA has a market cap of €50b, and is paying total annual CEO compensation of €4.6m. … When we examined a group of companies with market caps over €7.1b, we found that their median CEO total compensation was €2.9m
Simply Wall St - – Full articleI Built A List Of Growing Companies And VINCI (EPA:DG) Made The Cut
How Quickly Is VINCI Increasing Earnings Per Share. … The market is a voting machine in the short term, but a weighing machine in the long term, so share price follows earnings per share (EPS) eventually. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.
Simply Wall St - – Full articleIs Now The Time To Look At Buying VINCI SA (EPA:DG)?
The company's stock. … saw a significant share price rise of over 20% in the past couple of months on the ENXTPA. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock
Simply Wall St - – Full articleHere's What VINCI SA's (EPA:DG) P/E Is Telling Us
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … VINCI has a price to earnings ratio of 16.08, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIntroducing VINCI (EPA:DG), A Stock That Climbed 62% In The Last Five Years
For example, long term VINCI SA (EPA:DG) shareholders have enjoyed a 62% share price rise over the last half decade, well in excess of the market return of around 32% (not including dividends). … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
Simply Wall St - – Full articleDo You Know VINCI SA’s (EPA:DG) Cash Situation?
I’ve analysed below, the health and outlook of VINCI’s cash flow, which will help you understand the stock from a cash standpoint. … VINCI generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of VINCI’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability
Simply Wall St - – Full articleWhat Makes VINCI SA (EPA:DG) A Great Dividend Stock?
Over the past 10 years VINCI SA (EPA:DG) has been paying dividends to shareholders. … The company is currently worth €46b, and now yields roughly 3.2%. … Let's dig deeper into whether VINCI should have a place in your portfolio.
Simply Wall St - – Full articleDG Company Info
Description
VINCI SA engages in the concessions and contracting businesses worldwide. The company designs, finances, builds, and operates infrastructure and facilities comprising motorway, bridge and tunnel, airport, rail, and stadium facilities. It operates a motorway concession with a network of 4,443 kilometers in France; and 35 airports worldwide. The company also designs, finances, builds, and operates transport infrastructure and public amenities, such as motorways, bridges, tunnels, and urban roads with a network of 3,200 kilometers under public-private partnership arrangements; and provides industry, infrastructure, facilities management, and information and communication technology services. In addition, the company builds and maintains roads, motorways, railways, and urban infrastructure projects; produces materials, such as asphalt mixes; and operates quarries for aggregates, as well as designs and constructs residential and commercial property, civil engineering infrastructure, specialized civil engineering, water and pipeline infrastructure, and other projects. Further, it develops residential properties, business properties, and managed residences, as well as offers property services. VINCI SA was founded in 1899 and is headquartered in Rueil-Malmaison, France.
Details
| Name: | VINCI SA |
| DG | |
| Exchange: | ENXTPA |
| Founded: | 1899 |
| €50,205,057,733 | |
| 561,577,827 | |
| Website: | http://www.vinci.com |
| Address: |
VINCI SA 1, cours Ferdinand-de-Lesseps, Cedex, Rueil-Malmaison, Ile-de-France, 92851, France |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTPA | DG | Ordinary Shares | Euronext Paris | FR | EUR | 02. Jan 1992 | |
| OTCPK | VCIS.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | SQU | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| XTRA | SQU | Ordinary Shares | XETRA Trading Platform | DE | EUR | 02. Jan 1992 | |
| LSE | 0NQM | Ordinary Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
| SWX | DG | Ordinary Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1992 | |
| BIT | DG | Ordinary Shares | Borsa Italiana | IT | EUR | 02. Jan 1992 | |
| WBAG | DG | Ordinary Shares | Wiener Boerse AG | AT | EUR | 02. Jan 1992 | |
| BATS-CHIXE | DGP | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1992 | |
| OTCPK | VCIS.Y | ADR | Pink Sheets LLC | US | USD | 17. May 2004 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/21 21:22 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/02/08 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
