Upcoming Dividend • Apr 22
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 04 May 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.8%). Announcement • 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. Declared Dividend • Mar 09
Dividend of €2.00 announced Dividend of €2.00 is the same as last year. Ex-date: 29th April 2026 Payment date: 4th May 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (28% 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 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 17
Full year 2025 earnings released: EPS: €6.17 (vs €6.13 in FY 2024) Full year 2025 results: EPS: €6.17 (up from €6.13 in FY 2024). Revenue: €3.85b (flat on FY 2024). Net income: €274.7m (flat on FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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%. Announcement • Dec 05
Vicat S.A., Annual General Meeting, Apr 10, 2026 Vicat S.A., Annual General Meeting, Apr 10, 2026. Announcement • 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 Announcement • 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. Announcement • 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 Reported Earnings • Jul 29
First half 2025 earnings released: EPS: €2.28 (vs €2.31 in 1H 2024) First half 2025 results: EPS: €2.28 (down from €2.31 in 1H 2024). Revenue: €1.89b (down 2.7% from 1H 2024). Net income: €102.0m (down 1.5% from 1H 2024). Profit margin: 5.4% (up from 5.3% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 22
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 02 May 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (6.2%). Higher than average of industry peers (3.5%). Declared Dividend • Mar 03
Dividend of €2.00 announced Dividend of €2.00 is the same as last year. Ex-date: 29th April 2025 Payment date: 2nd May 2025 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (46% 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 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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 Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: €6.09 (vs €5.76 in FY 2023) Full year 2024 results: EPS: €6.09 (up from €5.76 in FY 2023). Revenue: €3.88b (down 1.4% from FY 2023). Net income: €273.0m (up 5.6% from FY 2023). Profit margin: 7.0% (up from 6.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • 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 Announcement • 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 6.6% growth forecast for the Basic Materials industry in the United Kingdom. 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. Announcement • 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%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (4.5%). Announcement • 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. Declared Dividend • Mar 06
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 4.4%. 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 4.4% growth forecast for the Basic Materials industry in the United Kingdom. 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. Announcement • 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. Announcement • 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. Announcement • 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 3.9% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% 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%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.0%). 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 3.4% growth forecast for the Basic Materials industry in the United Kingdom. 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 12% 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. Announcement • 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 4.6% growth forecast for the industry in the United Kingdom. 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 15% 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 British dividend payers (4.6%). Higher than average of industry peers (3.6%). 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 21% growth forecast for the industry in the United Kingdom. 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. 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 20
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%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (2.2%). 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 14% growth forecast for the Basic Materials industry in the United Kingdom. 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. Reported Earnings • Feb 18
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 18
Revenue beats expectations Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 2.9%, compared to a 5.8% growth forecast for the Basic Materials industry in the United Kingdom. Is New 90 Day High Low • Feb 08
New 90-day high: €38.28 The company is up 20% from its price of €32.00 on 10 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.23 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €36.33 The company is up 26% from its price of €28.85 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €139 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €32.00 The company is up 2.0% from its price of €31.30 on 13 August 2020. The British market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.16 per share. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 17% share price gain to €29.90, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.6x. This compares to an average P/E of 19x in the Basic Materials industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 50%. Is New 90 Day High Low • Oct 27
New 90-day low: €26.00 The company is down 6.0% from its price of €27.80 on 29 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.86 per share.