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Market Cap

€1.9b

Last Updated

2021/05/10 00:31 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Very undervalued with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Vicat's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine VCTP's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine VCTP's volatility change over the past year.


Market Performance


7 Day Return

0%

VCTP

1.4%

GB Basic Materials

2.1%

GB Market


1 Year Return

55.4%

VCTP

45.8%

GB Basic Materials

26.3%

GB Market

Return vs Industry: VCTP exceeded the UK Basic Materials industry which returned 44.8% over the past year.

Return vs Market: VCTP exceeded the UK Market which returned 26.5% over the past year.


Shareholder returns

VCTPIndustryMarket
7 Day0%1.4%2.1%
30 Day0%4.3%3.5%
90 Dayn/a15.6%8.8%
1 Year61.5%55.4%46.6%45.8%31.9%26.3%
3 Year-29.3%-37.9%14.3%7.6%12.9%-0.1%
5 Year-16.1%-29.8%73.5%59.2%51.5%22.8%

Long-Term Price Volatility Vs. Market

How volatile is Vicat's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

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: VCTP (€39.78) is trading below our estimate of fair value (€82.39)

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


Price To Earnings Ratio

PE vs Industry: VCTP is good value based on its PE Ratio (12.5x) compared to the GB Basic Materials industry average (34.3x).

PE vs Market: VCTP is good value based on its PE Ratio (12.5x) compared to the UK market (26.1x).


Price to Earnings Growth Ratio

PEG Ratio: VCTP is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: VCTP is good value based on its PB Ratio (0.9x) compared to the GB Basic Materials industry average (2.5x).


Future Growth

How is Vicat forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VCTP's forecast earnings growth (12.6% per year) is above the savings rate (0.9%).

Earnings vs Market: VCTP's earnings (12.6% per year) are forecast to grow slower than the UK market (17.5% per year).

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

Revenue vs Market: VCTP's revenue (4.6% per year) is forecast to grow slower than the UK market (5.3% per year).

High Growth Revenue: VCTP's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VCTP's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has Vicat performed over the past 5 years?

2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VCTP has high quality earnings.

Growing Profit Margin: VCTP's current net profit margins (5.6%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: VCTP's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: VCTP's earnings growth over the past year (4.9%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: VCTP earnings growth over the past year (4.9%) exceeded the Basic Materials industry -42.6%.


Return on Equity

High ROE: VCTP's Return on Equity (7.1%) is considered low.


Financial Health

How is Vicat's financial position?


Financial Position Analysis

Short Term Liabilities: VCTP's short term assets (€1.4B) exceed its short term liabilities (€896.7M).

Long Term Liabilities: VCTP's short term assets (€1.4B) do not cover its long term liabilities (€1.9B).


Debt to Equity History and Analysis

Debt Level: VCTP's debt to equity ratio (59.2%) is considered high.

Reducing Debt: VCTP's debt to equity ratio has increased from 52.8% to 59.2% over the past 5 years.

Debt Coverage: VCTP's debt is well covered by operating cash flow (37%).

Interest Coverage: VCTP's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet


Dividend

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

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VCTP's dividend (3.45%) is higher than the bottom 25% of dividend payers in the UK market (1.35%).

High Dividend: VCTP's dividend (3.45%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.2%), VCTP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VCTP's dividends in 3 years are forecast to be well covered by earnings (29.9% payout ratio).


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Guy Sidos (57 yo)

13.33yrs

Tenure

€300,000

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 ($USD364.61K) is below average for companies of similar size in the UK market ($USD1.36M).

Compensation vs Earnings: Guy's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: VCTP's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: VCTP's board of directors are considered experienced (7.1 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vicat SA
  • Ticker: VCTP
  • Exchange: BATS-CHIXE
  • Founded: 1853
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: €1.920b
  • Shares outstanding: 44.13m
  • Website: https://www.vicat.fr

Number of Employees


Location

  • Vicat SA
  • Tour Manhattan
  • 6, place de lIris
  • Paris
  • Ile-de-France
  • 92095
  • France

Listings


Biography

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 prod...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 00:31
End of Day Share Price2021/03/18 00:00
Earnings2020/12/31
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.