Vicat Balance Sheet Health
Financial Health criteria checks 5/6
Vicat has a total shareholder equity of €3.2B and total debt of €1.5B, which brings its debt-to-equity ratio to 45.7%. Its total assets and total liabilities are €6.4B and €3.1B respectively. Vicat's EBIT is €425.8M making its interest coverage ratio 13.1. It has cash and short-term investments of €528.4M.
Key information
45.72%
Debt to equity ratio
€1.47b
Debt
| Interest coverage ratio | 13.1x |
| Cash | €528.41m |
| Equity | €3.22b |
| Total liabilities | €3.14b |
| Total assets | €6.35b |
Recent financial health updates
Vicat (EPA:VCT) Takes On Some Risk With Its Use Of Debt
May 12
Vicat (EPA:VCT) Has A Somewhat Strained Balance Sheet
Nov 20These 4 Measures Indicate That Vicat (EPA:VCT) Is Using Debt Extensively
Jul 28Vicat (EPA:VCT) Has No Shortage Of Debt
Apr 16Here's Why Vicat (EPA:VCT) Is Weighed Down By Its Debt Load
Dec 24Is Vicat (EPA:VCT) Using Too Much Debt?
Aug 23Recent updates
VCT: Decarbonization Project Support Will Drive Future Upside Potential
Analysts have kept their Vicat price target broadly steady at around €88, with only marginal tweaks to the discount rate and long term P/E assumptions. This reflects fine tuning of their valuation framework rather than a shift in fundamental views.VCT: Carbon Capture Progress And Recent Upgrades Will Support Future Upside
The updated analyst price target for Vicat edges slightly lower to €88.40 from €89.20, as analysts factor in a modestly higher discount rate while keeping revenue growth, profit margin assumptions and forward P/E expectations broadly unchanged, and reference recent Street research where firms have turned more constructive on the shares and lifted individual price targets, including moves from €69 to €80. Analyst Commentary Recent research points to a more constructive tone around Vicat, with several firms adjusting their views and price targets in light of updated assumptions on discount rates, valuation and execution risk.VCT: Decarbonization Progress And CO2 Capture Project Will Support Future Upside
Analysts have nudged their price targets on Vicat higher, with one raising the figure to €80 from €69. This reflects growing confidence and supports only minor tweaks to discount rate and P/E assumptions in the underlying valuation.VCT: Decarbonization Project Progress And CO2 Capture Plans Will Support Upside
Analysts have raised their price target on Vicat to €80 from €69. The change reflects updated views on the group’s earnings outlook, which are incorporated through a slightly higher discount rate and a modest adjustment to the assumed future P/E multiple.VCT: Decarbonization Project Progress Will Support Further Upside Potential
The analyst price target for Vicat has shifted from about €91 to roughly €89. The tweak reflects updated views on slightly firmer revenue growth and margins, alongside a lower assumed discount rate, in line with recent target raises from €63 to €69 and then to €80 cited by other analysts.VCT: Rising Confidence In Execution Will Support Further Upside Potential
Narrative Update Analysts have raised their price expectations for Vicat. Recent Street research now points to a potential move to €80 from €69, reflecting updated assumptions around fair value, discount rates and future P/E multiples.VCT: Higher Fair Value And 2025 Guidance Confirmation Will Support Upside Confidence
Analysts have lifted their fair value estimate for Vicat from €81.80 to €91.00, supported by recent price target increases and a more constructive stance in Street research. Analyst Commentary Recent Street research has tilted more constructive on Vicat, with successive price target revisions providing a clearer range of how analysts are framing valuation and execution risk.Is There An Opportunity With Vicat S.A.'s (EPA:VCT) 35% Undervaluation?
Jan 23VCT: Higher Fair Value And Steady Outlook Will Support Balanced Expectations
Analysts have raised their fair value estimate for Vicat from €74.00 to €81.80, citing updated assumptions on revenue growth, profit margins and future P/E that are consistent with the recent Street move to increase the price target to €69.00. Analyst Commentary Bullish Takeaways Bullish analysts see the move to a €69.00 price target as broadly aligned with the higher fair value estimate of €81.80, which they view as support for a more constructive stance on the shares.Returns On Capital Are Showing Encouraging Signs At Vicat (EPA:VCT)
Jan 06VCT: Earnings Resilience Will Support Moderately Higher Expectations Amid Balanced Outlook
Analysts modestly raised their price target on Vicat to EUR 69 from EUR 63, reflecting slightly improved valuation assumptions despite broadly unchanged forecasts for growth, profitability, and discount rates. Analyst Commentary Analysts describe the revised price target as a fine tuning of valuation rather than a fundamental shift in the investment case, with the Neutral stance underscoring a balanced risk reward profile.VCT: Earnings Resilience And Margin Discipline Will Drive Cautiously Balanced Outlook
Analysts have modestly increased their price target on Vicat, lifting fair value from EUR 72.50 to EUR 74.00. They cite slightly stronger revenue growth expectations and a higher future earnings multiple, in line with recent upward revisions in Street targets.VCT: Earnings Outlook And Margin Trends Will Shape Balanced Performance
Analysts have raised their price target for Vicat from €67.25 to €72.50, citing improved expectations for revenue growth. This comes despite a slightly higher discount rate and minor adjustments to profit margin forecasts.VCT: Earnings Outlook And Margin Trends Will Shape Balanced Performance
Analysts have raised their price target for Vicat from €65 to €67.25. They cite updated forecasts, which reflect marginal improvements in profit margins as well as adjustments to expected revenue growth and discount rates.Investors Don't See Light At End Of Vicat S.A.'s (EPA:VCT) Tunnel
Oct 29Vicat (EPA:VCT) Is Experiencing Growth In Returns On Capital
Oct 02Should You Think About Buying Vicat S.A. (EPA:VCT) Now?
Aug 30Earnings Update: Vicat S.A. (EPA:VCT) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts
Aug 01Vicat S.A.'s (EPA:VCT) Business And Shares Still Trailing The Market
Jul 12Is It Time To Consider Buying Vicat S.A. (EPA:VCT)?
May 25We Discuss Whether Vicat S.A.'s (EPA:VCT) CEO Is Due For A Pay Rise
Apr 05Vicat S.A.'s (EPA:VCT) Share Price Boosted 27% But Its Business Prospects Need A Lift Too
Mar 07Vicat (EPA:VCT) Is Due To Pay A Dividend Of €2.00
Mar 03
Major Projects Like Lyon-Turin Tunnel And US Expansion Will Boost Future Prospects
Anticipated growth in French and U.S. markets driven by construction demand and investment will enhance Vicat's revenue and margins.Vicat S.A. (EPA:VCT) Released Earnings Last Week And Analysts Lifted Their Price Target To €44.40
Feb 22What Is Vicat S.A.'s (EPA:VCT) Share Price Doing?
Dec 02Should You Think About Buying Vicat S.A. (EPA:VCT) Now?
Jul 13There's No Escaping Vicat S.A.'s (EPA:VCT) Muted Earnings
Jun 14Vicat (EPA:VCT) Takes On Some Risk With Its Use Of Debt
May 12Vicat (EPA:VCT) Will Pay A Larger Dividend Than Last Year At €2.00
Mar 29Vicat (EPA:VCT) Is Increasing Its Dividend To €2.00
Mar 07Are Investors Undervaluing Vicat S.A. (EPA:VCT) By 49%?
Feb 03Vicat (EPA:VCT) Has A Somewhat Strained Balance Sheet
Nov 20Slowing Rates Of Return At Vicat (EPA:VCT) Leave Little Room For Excitement
Nov 02Is Vicat S.A. (EPA:VCT) Potentially Undervalued?
Sep 22These 4 Measures Indicate That Vicat (EPA:VCT) Is Using Debt Extensively
Jul 28Vicat (EPA:VCT) Hasn't Managed To Accelerate Its Returns
Jul 01Is Vicat S.A. (EPA:VCT) Trading At A 48% Discount?
Jun 08At €26.15, Is Vicat S.A. (EPA:VCT) Worth Looking At Closely?
May 15Vicat (EPA:VCT) Has No Shortage Of Debt
Apr 16At €27.15, Is It Time To Put Vicat S.A. (EPA:VCT) On Your Watch List?
Feb 10Here's Why Vicat (EPA:VCT) Is Weighed Down By Its Debt Load
Dec 24Vicat (EPA:VCT) Hasn't Managed To Accelerate Its Returns
Nov 20Is Vicat S.A. (EPA:VCT) Potentially Undervalued?
Sep 10Is Vicat (EPA:VCT) Using Too Much Debt?
Aug 23Vicat (EPA:VCT) Might Have The Makings Of A Multi-Bagger
Jul 27Vicat's (EPA:VCT) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 29Financial Position Analysis
Short Term Liabilities: VCT's short term assets (€1.7B) exceed its short term liabilities (€1.3B).
Long Term Liabilities: VCT's short term assets (€1.7B) do not cover its long term liabilities (€1.9B).
Debt to Equity History and Analysis
Debt Level: VCT's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: VCT's debt to equity ratio has reduced from 59% to 45.7% over the past 5 years.
Debt Coverage: VCT's debt is well covered by operating cash flow (44.2%).
Interest Coverage: VCT's interest payments on its debt are well covered by EBIT (13.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/03 17:34 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Vicat S.A. is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tom Zhang | Barclays |
| Robert Chantry | Berenberg |
| Harry Goad | Berenberg |