Financials VINCI

Equities

DG

FR0000125486

Construction & Engineering

Real-time Euronext Paris 07:59:57 2024-06-21 EDT 5-day change 1st Jan Change
101.5 EUR -0.88% Intraday chart for VINCI +3.42% -10.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 54,982 45,729 52,759 52,578 64,905 57,236 - -
Enterprise Value (EV) 1 76,636 63,718 72,025 71,114 81,031 74,092 72,407 71,353
P/E ratio 17 x 37 x 20.6 x 12.5 x 13.9 x 12 x 11.2 x 10.5 x
Yield 3.08% 2.51% 3.12% 4.29% 3.96% 4.61% 4.99% 5.33%
Capitalization / Revenue 1.14 x 1.06 x 1.07 x 0.85 x 0.94 x 0.8 x 0.78 x 0.75 x
EV / Revenue 1.59 x 1.47 x 1.46 x 1.15 x 1.18 x 1.04 x 0.98 x 0.94 x
EV / EBITDA 9.02 x 10.8 x 9.14 x 6.96 x 6.77 x 5.94 x 5.55 x 5.26 x
EV / FCF 18.2 x 16 x 13.6 x 17.2 x 12.2 x 14.8 x 13.4 x 11.8 x
FCF Yield 5.48% 6.26% 7.33% 5.83% 8.18% 6.75% 7.44% 8.5%
Price to Book 2.69 x 2.19 x 2.38 x 2.05 x 2.3 x 1.91 x 1.76 x 1.63 x
Nbr of stocks (in thousands) 555,375 562,062 567,846 563,597 570,844 558,948 - -
Reference price 2 99.00 81.36 92.91 93.29 113.7 102.4 102.4 102.4
Announcement Date 20-02-05 21-02-05 22-02-04 23-02-09 24-02-07 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 48,053 43,234 49,396 61,675 68,838 71,478 73,791 75,939
EBITDA 1 8,497 5,919 7,884 10,215 11,964 12,482 13,056 13,559
EBIT 1 5,734 2,859 4,723 6,824 8,357 8,755 9,145 9,596
Operating Margin 11.93% 6.61% 9.56% 11.06% 12.14% 12.25% 12.39% 12.64%
Earnings before Tax (EBT) 1 5,042 1,823 3,820 6,154 7,019 7,466 7,974 8,450
Net income 1 3,260 1,242 2,597 4,259 4,702 4,961 5,280 5,584
Net margin 6.78% 2.87% 5.26% 6.91% 6.83% 6.94% 7.16% 7.35%
EPS 2 5.820 2.200 4.510 7.470 8.180 8.506 9.108 9.709
Free Cash Flow 1 4,201 3,990 5,282 4,146 6,628 5,000 5,391 6,064
FCF margin 8.74% 9.23% 10.69% 6.72% 9.63% 7% 7.31% 7.98%
FCF Conversion (EBITDA) 49.44% 67.41% 67% 40.59% 55.4% 40.06% 41.29% 44.72%
FCF Conversion (Net income) 128.87% 321.26% 203.39% 97.35% 140.96% 100.8% 102.1% 108.59%
Dividend per Share 2 3.050 2.040 2.900 4.000 4.500 4.719 5.108 5.462
Announcement Date 20-02-05 21-02-05 22-02-04 23-02-09 24-02-07 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 S1 2024 S2
Net sales 1 26,324 18,493 24,741 22,607 13,238 13,551 26,789 12,847 15,670 28,517 16,703 16,455 33,158 15,002 17,363 32,365 18,272 18,201 36,473 15,725 33,867 37,174
EBITDA - 1,803 - - - - 4,752 - - 4,526 - - 5,689 - - 5,309 - - 6,655 - - -
EBIT 3,445 267 2,592 1,598 - - 3,125 - - 2,890 - - 3,934 - - 3,393 - - 4,964 - - -
Operating Margin 13.09% 1.44% 10.48% 7.07% - - 11.67% - - 10.13% - - 11.86% - - 10.48% - - 13.61% - - -
Earnings before Tax (EBT) - -312 - 1,165 - - 2,655 - - - - - - - - 3,053 - - 3,966 - - -
Net income 1,901 -294 - 682 - - 1,915 - - 1,900 - - 2,359 - - 2,089 - - 2,613 - - -
Net margin 7.22% -1.59% - 3.02% - - 7.15% - - 6.66% - - 7.11% - - 6.45% - - 7.16% - - -
EPS - -0.5300 - - - - 3.320 - - - - - - - - 3.650 - - 4.530 - - -
Dividend per Share - - - - - - - - - - - - 3.000 - - 1.050 - - 3.450 - - -
Announcement Date 20-02-05 20-07-31 21-02-05 21-07-30 21-10-19 22-02-04 22-02-04 22-04-21 22-07-29 22-07-29 22-10-25 23-02-09 23-02-09 23-04-25 23-07-28 23-07-28 23-10-26 24-02-07 24-02-07 24-04-25 - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 21,654 17,989 19,266 18,536 16,126 16,856 15,171 14,117
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.548 x 3.039 x 2.444 x 1.815 x 1.348 x 1.35 x 1.162 x 1.041 x
Free Cash Flow 1 4,201 3,990 5,282 4,146 6,628 5,001 5,391 6,064
ROE (net income / shareholders' equity) 16.5% 6.01% 11.8% 17.4% 17.4% 16.4% 16.3% 16%
ROA (Net income/ Total Assets) 3.95% 1.97% 2.72% 4% 4.08% 4.09% 4.24% 4.34%
Assets 1 82,545 62,950 95,594 106,404 115,273 121,391 124,544 128,568
Book Value Per Share 2 36.80 37.10 39.00 45.50 49.50 53.70 58.30 62.90
Cash Flow per Share 2 12.70 11.80 13.60 16.50 13.50 15.00 15.90 17.60
Capex 1 2,314 2,079 1,892 3,292 3,140 3,930 4,035 4,084
Capex / Sales 4.82% 4.81% 3.83% 5.34% 4.56% 5.5% 5.47% 5.38%
Announcement Date 20-02-05 21-02-05 22-02-04 23-02-09 24-02-07 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
102.4 EUR
Average target price
132.7 EUR
Spread / Average Target
+29.63%
Consensus