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Vicat SA
(VCT)
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Rating:72Outperform
Price Target:
€74.00
▲(22.92% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by solid financial performance (strong 2025 growth and resilient margins with improving leverage), supported by an attractive valuation (low P/E and ~3% yield). Technicals add a positive tailwind with the stock trading above key moving averages and constructive momentum, while cash-flow conversion and margin variability temper the overall rating.
Positive Factors
Strong 2025 revenue re-acceleration
A 57.5% revenue jump in 2025 signals a durable demand rebound and improved market execution. Sustained top-line re-acceleration across regions increases plant utilization and economies of scale, supporting long-term revenue stability and capacity to fund operations and investments.
Negative Factors
Free cash flow variability
FCF swings and a 25% decline in 2025 versus 2024 show cash conversion is cyclical and sensitive to capex and working-capital moves. Irregular free cash flow limits consistent deleveraging, discretionary investment or dividend stability during slower construction cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2025 revenue re-acceleration
A 57.5% revenue jump in 2025 signals a durable demand rebound and improved market execution. Sustained top-line re-acceleration across regions increases plant utilization and economies of scale, supporting long-term revenue stability and capacity to fund operations and investments.
Read all positive factors
Vicat SA (VCT) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.89B
Dividend Yield3.05%
Average Volume (3M)29.85K
Price to Earnings (P/E)10.1
Beta (1Y)1.04
Revenue Growth4.53%
EPS Growth6.81%
CountryFR
Employees10,110
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)6.51
Shares Outstanding44,900,000
10 Day Avg. Volume41,992
30 Day Avg. Volume29,851
Financial Highlights & Ratios
PEG Ratio18.88
Price to Book (P/B)1.16
Price to Sales (P/S)0.88
P/FCF Ratio10.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€79.50Price Target Upside32.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)6.64
Revenue Forecast (FY)€3.99B
Vicat SA Business Overview & Revenue Model
Company Description
Vicat S.A., together with its subsidiaries, engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry. The company offers artificial cements, natural cements, and hydraulic road binders for use in...
How the Company Makes Money
Vicat makes money primarily by producing and selling construction materials through three core product lines: (1) Cement: Vicat sells cement and clinker to distributors, building-material retailers, and large construction customers. Revenue is gen...
Vicat SA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.00B | 3.85B | 3.88B | 3.94B | 3.64B | 3.12B |
| Gross Profit | 7.79M | 443.85M | 1.40B | 1.34B | 1.13B | 1.12B |
| EBITDA | 857.90M | 778.61M | 835.31M | 785.48M | 497.93M | 553.50M |
| Net Income | 290.26M | 275.00M | 272.63M | 258.43M | 156.09M | 204.18M |
Balance Sheet | ||||||
| Total Assets | 6.65B | 6.35B | 6.41B | 6.36B | 6.39B | 5.71B |
| Cash, Cash Equivalents and Short-Term Investments | 491.30M | 528.41M | 535.68M | 493.55M | 503.60M | 527.39M |
| Total Debt | 1.83B | 1.69B | 1.78B | 1.94B | 2.11B | 1.88B |
| Total Liabilities | 3.33B | 3.14B | 3.15B | 3.35B | 3.53B | 3.11B |
| Stockholders Equity | 3.03B | 2.93B | 2.96B | 2.73B | 2.59B | 2.36B |
Cash Flow | ||||||
| Free Cash Flow | 255.92M | 313.13M | 356.56M | 279.28M | -65.46M | 52.34M |
| Operating Cash Flow | 589.23M | 649.33M | 700.89M | 608.26M | 356.90M | 438.91M |
| Investing Cash Flow | -345.46M | -325.39M | -328.33M | -312.94M | -477.90M | -442.87M |
| Financing Cash Flow | -276.69M | -261.72M | -295.75M | -301.49M | 184.93M | 66.06M |
Vicat SA Technical Analysis
Positive
60.20
Price Trends
63.42
Positive
62.67
Positive
66.17
Positive
Market Momentum
1.17
Negative
58.05
Neutral
65.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:VCT, the sentiment is Positive. The current price of 60.2 is below the 20-day moving average (MA) of 63.30, below the 50-day MA of 63.42, and below the 200-day MA of 66.17, indicating a bullish trend. The MACD of 1.17 indicates Negative momentum. The RSI at 58.05 is Neutral, neither overbought nor oversold. The STOCH value of 65.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:VCT.
Vicat SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €2.89B | 10.06 | 9.64% | 3.32% | 4.53% | 6.81% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €2.00B | -4.62 | -14.36% | 3.45% | -2.20% | -158.54% | |
47 Neutral | €61.23M | -8.24 | -5.37% | 8.60% | -27.83% | -172.18% | |
45 Neutral | €446.06M | 23.30 | 3.04% | 0.90% | -6.60% | 80.63% | |
44 Neutral | €67.65M | -4.26 | -27.02% | ― | 27.13% | -189.22% | |
42 Neutral | €12.33M | -1.54 | ― | ― | -21.46% | -401.39% |
* General Sector Average
FR:VCT
Vicat SA
66.70
10.18
18.02%
FR:NK
IMERYS SA
24.42
3.09
14.49%
FR:JCQ
JACQUET METAL SERVICE
21.05
0.50
2.42%
FR:ALHGR
Hoffmann Green Cement Technologies SA
4.10
-1.04
-20.17%
FR:ALHRG
HERIGE SA
21.20
-1.50
-6.61%
FR:ALRGR
Rougier SA
11.30
-5.40
-32.34%
Vicat SA Corporate Events
Vicat lifts 2026 targets on emerging‑market surge and AI‑driven efficiency
Jul 29, 2026
Vicat SA reported strong first‑half 2026 results, with consolidated revenue up 10.8% at constant scope and exchange rates and 8.0% as reported, driven by stable activity in Europe, a clear recovery in the United States, and faster growth in ...
Vicat details active share liquidity operations with Kepler Cheuvreux
Jul 28, 2026
Vicat SA reported the status of its share liquidity contract with Kepler Cheuvreux as of 30 June 2026, with 21,133 shares and €3.16 million held in the dedicated account. The mandate, previously handled by Natixis Oddo BHF until March 2025, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.