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VCT

VicatENXTPA:VCT Stock Report

Market Cap

€1.7b

7D

-0.9%

1Y

41.5%

Updated

26 Sep, 2021

Data

Company Financials +
VCT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends4/6

VCT Overview

Vicat SA produces and sells cement, ready-mixed concrete, and aggregates.

Vicat Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Vicat
Historical stock prices
Current Share Price€38.35
52 Week High€24.30
52 Week Low€45.05
Beta1.45
1 Month Change-10.81%
3 Month Change-7.03%
1 Year Change41.51%
3 Year Change-26.88%
5 Year Change-33.28%
Change since IPO335.28%

Recent News & Updates

Aug 29
These 4 Measures Indicate That Vicat (EPA:VCT) Is Using Debt Reasonably Well

These 4 Measures Indicate That Vicat (EPA:VCT) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Jul 25
Returns At Vicat (EPA:VCT) Appear To Be Weighed Down

Returns At Vicat (EPA:VCT) Appear To Be Weighed Down

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Jul 03
Should You Investigate Vicat SA (EPA:VCT) At €41.25?

Should You Investigate Vicat SA (EPA:VCT) At €41.25?

Vicat SA ( EPA:VCT ), might not be a large cap stock, but it saw significant share price movement during recent months...

Shareholder Returns

VCTFR Basic MaterialsFR Market
7D-0.9%-1.0%0.03%
1Y41.5%28.9%39.2%

Return vs Industry: VCT exceeded the French Basic Materials industry which returned 28.9% over the past year.

Return vs Market: VCT exceeded the French Market which returned 39.2% over the past year.

Price Volatility

Is VCT's price volatile compared to industry and market?
VCT volatility
VCT Beta1.45
Industry Beta1.17
Market Beta1

Stable Share Price: VCT is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: VCT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18539,372Guy Sidoshttps://www.vicat.fr

Vicat SA produces and sells cement, ready-mixed concrete, and aggregates. The company operates in three segments: Cement, Concrete & Aggregates, and Other Products & Services. It offers various cement products, including Portland cement, Portland composite cement, blast furnace cement, slag cement, and Pozzolan cement for the general contractors, such as concrete mixers; manufacturers of precast concrete products; construction and public works contractors; local authorities; residential property developers or master masons; and construction material wholesalers or retail chains.

Vicat Fundamentals Summary

How do Vicat's earnings and revenue compare to its market cap?
VCT fundamental statistics
Market Cap€1.69b
Earnings (TTM)€222.53m
Revenue (TTM)€3.06b

7.6x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VCT income statement (TTM)
Revenue€3.06b
Cost of Revenue€1.89b
Gross Profit€1.17b
Expenses€946.82m
Earnings€222.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.04
Gross Margin38.20%
Net Profit Margin7.27%
Debt/Equity Ratio63.2%

How did VCT perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Vicat undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VCT (€38.35) is trading below our estimate of fair value (€167.5)

Significantly Below Fair Value: VCT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VCT is good value based on its PE Ratio (7.6x) compared to the European Basic Materials industry average (15.3x).

PE vs Market: VCT is good value based on its PE Ratio (7.6x) compared to the French market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: VCT is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: VCT is good value based on its PB Ratio (0.8x) compared to the XE Basic Materials industry average (1.3x).


Future Growth

How is Vicat forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VCT's forecast earnings growth (4.2% per year) is above the savings rate (0.4%).

Earnings vs Market: VCT's earnings (4.2% per year) are forecast to grow slower than the French market (12.1% per year).

High Growth Earnings: VCT's earnings are forecast to grow, but not significantly.

Revenue vs Market: VCT's revenue (5.7% per year) is forecast to grow slower than the French market (6.3% per year).

High Growth Revenue: VCT's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VCT's Return on Equity is forecast to be low in 3 years time (10.7%).


Past Performance

How has Vicat performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VCT has high quality earnings.

Growing Profit Margin: VCT's current net profit margins (7.3%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: VCT's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: VCT's earnings growth over the past year (71.6%) exceeds its 5-year average (5.3% per year).

Earnings vs Industry: VCT earnings growth over the past year (71.6%) exceeded the Basic Materials industry 31.4%.


Return on Equity

High ROE: VCT's Return on Equity (10%) is considered low.


Financial Health

How is Vicat's financial position?


Financial Position Analysis

Short Term Liabilities: VCT's short term assets (€1.5B) exceed its short term liabilities (€1.0B).

Long Term Liabilities: VCT's short term assets (€1.5B) do not cover its long term liabilities (€2.0B).


Debt to Equity History and Analysis

Debt Level: VCT's debt to equity ratio (63.2%) is considered high.

Reducing Debt: VCT's debt to equity ratio has increased from 53.8% to 63.2% over the past 5 years.

Debt Coverage: VCT's debt is well covered by operating cash flow (27.4%).

Interest Coverage: VCT's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


Dividend

What is Vicat current dividend yield, its reliability and sustainability?

3.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VCT's dividend (3.91%) is higher than the bottom 25% of dividend payers in the French market (1.28%).

High Dividend: VCT's dividend (3.91%) is low compared to the top 25% of dividend payers in the French market (3.98%).


Stability and Growth of Payments

Stable Dividend: VCT's dividends per share have been stable in the past 10 years.

Growing Dividend: VCT's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.3%), VCT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VCT's dividends in 3 years are forecast to be well covered by earnings (22.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Guy Sidos (58 yo)

13.67yrs

Tenure

€1,236,206

Compensation

Mr. Guy Sidos has been the Chief Executive Officer of Vicat SA since 2008 and has been its Chairman since March 2014 and served as its Chief Operating Officer. Mr. Sidos serves as the Chief Executive Offic...


CEO Compensation Analysis

Compensation vs Market: Guy's total compensation ($USD1.45M) is above average for companies of similar size in the French market ($USD1.03M).

Compensation vs Earnings: Guy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: VCT's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: VCT's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Vicat SA's employee growth, exchange listings and data sources


Key Information

  • Name: Vicat SA
  • Ticker: VCT
  • Exchange: ENXTPA
  • Founded: 1853
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: €1.695b
  • Shares outstanding: 44.19m
  • Website: https://www.vicat.fr

Number of Employees


Location

  • Vicat SA
  • 4 Rue Aristide Berges
  • Les Trois Vallons
  • L'Isle-d'Abeau
  • Rhône-Alpes
  • 38080
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 17:56
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.