Vinci SA (DG) AI Stock Analysis

• Market Cap: €69.69B
• Dividend Yield: 5.14%
• Average Volume (3M): 988.41K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.90
• Revenue Growth: 4.08%
• EPS Growth: 3.07%
• Country: FR
• Employees: 282,481
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): 5.03
• Shares Outstanding: 581,816,830
• 10 Day Avg. Volume: 1,059,696
• 30 Day Avg. Volume: 988,414
• PEG Ratio: 2.43
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €136.67
• Price Target Upside: 9.12% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 75 Outperform
• Price Target: €143.00 ▲(14.17%Upside)

The overall stock score for Vinci SA reflects its strong financial performance, characterized by consistent growth and profitability, and effective cash management. The technical analysis supports a positive trend with no overbought signals, and the reasonable valuation further strengthens the stock’s appeal. The lack of recent earnings call data and corporate events does not impact the overall assessment.

Positive Factors

Cash Generation

Its cash generation surprised on the upside for the third consecutive year, given a strong EBITDA performance and cash collection.

Financial Performance

Vinci published a consensus-beating set of FY-24 results driven by strong Cobra IS activity and a solid Vinci Airports margin.

Negative Factors

Tax Impact

The French tax appears to be the only negative here, but the impact seems to be less bad than previously expected.

Vinci SA Business Overview & Revenue Model

Company Description

VINCI SA, together with its subsidiaries, operates in the concessions, energy, and construction segments primarily in France. It Concessions segment operates motorway concessions with a network of 4,419 kilometers in France; 45 airports; 4,437 kilometers of motorways; highways, railways, and 4 stadiums, as well as operates airports in France and in 11 other countries. The company's Energy segment provides services to the manufacturing, infrastructure, facilities management, and information and communication technology sectors; engineering, procurement, and construction services in the energy sector, and manufacturing and energy-related services; and renewable energy concession projects development services. Its Construction segments engages in designing and carrying out projects that involve general contractor capabilities; works related to geotechnical and structural engineering, digital technology, nuclear or renewable thermal energy; and focuses on business area, such as buildings, civil engineering, infrastructure, and in a specific geographical area. The company also provides property development services for residential and commercial properties; and property services, as well as operates managed residences. It also operates in Germany, the United Kingdom, Albania, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Ukraine, Portugal, North America, Central and South America, Africa, Russia, the Asia-Pacific, the Middle East, and other European countries. The company was founded in 1899 and is headquartered in Nanterre, France.

How the Company Makes Money

Vinci SA generates revenue primarily through its diverse operations in concessions and contracting. In the concessions segment, significant income comes from managing and operating motorways under the Vinci Autoroutes and airports under Vinci Airports, where the company earns from toll collections and airport services, such as retail and real estate management. The contracting segment, which includes Vinci Energies, Eurovia, and Vinci Construction, contributes through various infrastructure projects, encompassing energy systems management, transportation infrastructure development, and complex building construction. The company's strategic partnerships and acquisitions strengthen its market position and expand its capabilities, enabling sustained revenue growth. Additionally, Vinci's focus on innovation and sustainability attracts projects that align with modern infrastructure needs, further supporting its income streams.

Vinci SA Financial Statement Overview

Summary

Vinci SA exhibits a strong financial performance with consistent revenue growth and robust profitability metrics. The income statement, balance sheet, and cash flow statement all reflect efficient management and a solid financial position. The company maintains moderate leverage, which, if improved, can enhance financial stability further.

Income Statement

Vinci SA has shown strong revenue growth with a 4.12% increase from 2023 to 2024, following a consistent upward trajectory over the years. The gross profit margin for 2024 is robust at 58.18%, and the net profit margin is healthy at 6.68%. Additionally, EBIT and EBITDA margins are strong at 12.07% and 17.57%, respectively, reflecting efficient operational management. Overall, the income statement indicates a well-performing and profitable construction company.

Balance Sheet

The balance sheet of Vinci SA demonstrates a solid financial position with a debt-to-equity ratio of 1.21, indicating moderate leverage. The return on equity is favorable at 16.24%, showing effective use of equity to generate profits. The equity ratio is 23.12%, suggesting a balanced distribution between debt and equity in the company's capital structure. While the leverage is manageable, continued focus on reducing debt could enhance financial stability.

Cash Flow

Vinci SA’s cash flow statement highlights a substantial free cash flow growth rate of 6.29% from 2023 to 2024, with a strong operating cash flow to net income ratio of 2.41, indicating efficient cash generation from operations. The free cash flow to net income ratio stands at 1.58, suggesting the company effectively converts its earnings into cash. Overall, the cash flow position is strong, supporting potential investments and debt servicing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	72.77B	69.89B	62.51B	50.23B	44.12B
Gross Profit	42.34B	9.65B	8.05B	6.81B	4.84B
EBITDA	12.78B	11.81B	9.45B	7.72B	5.88B
Net Income	4.86B	4.70B	4.26B	2.60B	1.24B
Balance Sheet
Total Assets	129.49B	118.56B	111.99B	100.82B	91.17B
Cash, Cash Equivalents and Short-Term Investments	16.17B	16.17B	13.33B	11.27B	11.90B
Total Debt	36.26B	31.42B	32.10B	32.84B	32.50B
Total Liabilities	95.46B	86.52B	82.58B	76.05B	68.14B
Stockholders Equity	29.95B	28.11B	25.94B	22.88B	20.86B
Cash Flow
Free Cash Flow	7.66B	7.21B	5.89B	5.74B	4.51B
Operating Cash Flow	11.71B	10.54B	9.39B	7.81B	6.67B
Investing Cash Flow	-9.05B	-3.98B	-5.30B	-5.80B	-2.57B
Financing Cash Flow	-3.03B	-3.43B	-2.78B	-3.24B	-22.00M

Vinci SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 125.25
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:DG, the sentiment is Positive. The current price of 125.25 is above the 20-day moving average (MA) of 124.35, below the 50-day MA of 125.30, and above the 200-day MA of 108.69, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 53.61 is Neutral, neither overbought nor oversold. The STOCH value of 82.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:DG.

Vinci SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DG	75 Outperform	€69.69B	14.65	16.75%	5.14%	4.08%	3.07%
Sector *	68 Neutral	£2.93B	10.19	8.40%	3.47%	2.87%	-9.95%
0OA7		€618.56M	74.59	2.13%	52.44%	―	―
0HAN		€14.69B	13.89	8.49%	5.18%	―	―
0NPT		€11.42B	10.65	15.80%	3.44%	―	―
0NQF		€11.94B	14.93	2.50%	5.33%	―	―
0R8M		€7.87B	28.67	13.56%	2.14%	―	―