DG Stock Analysis: Vinci S.A. | PA
Engineering & Construction | PA, France | Market Cap: 63.276m EUR | 12M Return: 2.2% | FR0000125486 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 95.8M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Vinci SA is a French-headquartered global group operating across three integrated segments: Concessions, Energy Solutions, and Construction. Founded in 1899 and based in Nanterre, the company manages long-term infrastructure assets including motorways, airports, railways, and stadiums through its Concessions segment, while also delivering energy services, renewable energy development (solar and wind), and large-scale construction and civil engineering projects internationally. With a market capitalization of roughly $82 billion, Vinci is classified within the Industrials sector, specifically Construction & Engineering.
The companys business model is distinctive within its sector because it combines upfront construction capabilities with long-term operation of the assets it builds, creating a vertically integrated revenue stream. Infrastructure concessions typically involve multi-decade public-private partnership contracts (often 30+ years), which provide predictable, long-duration cash flows that complement the more cyclical project-based construction work. This dual model is less common among pure construction firms and tends to support more stable margins through economic cycles.
Within the broader European construction and infrastructure sector, Vinci competes alongside groups such as Bouygues, Eiffage, and Spains ACS/HOCHTIEF, and is generally regarded as one of the largest integrated infrastructure operators globally. Its exposure spans both mature European infrastructure markets and faster-growing regions including renewable energy development, where it is active in solar and wind farm development as part of the global energy transition.
- Airport and toll road traffic drives Concessions segment revenue
- Renewable energy pipeline expansion boosts Energy Solutions backlog
- French public infrastructure spending supports Construction segment margins
| Net Income: 5.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.33 > 1.0 |
| NWC/Revenue: -14.10% < 20% (prev -13.24%; Δ -0.86% < -1%) |
| CFO/TA 0.09 > 3% & CFO 12.1b > Net Income 5.08b |
| Net Debt (27.5b) to EBITDA (13.7b): 2.01 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (561.6m) vs 12m ago -2.75% < -2% |
| Gross Margin: 14.82% > 18% (prev 17.81%; Δ -2.99% > 0.5%) |
| Asset Turnover: 57.45% > 50% (prev 56.52%; Δ 0.93% > 0%) |
| Interest Coverage Ratio: 6.30 > 6 (EBIT TTM 9.33b / Interest Expense TTM 1.48b) |
| A: -0.08 (Total Current Assets 48.5b - Total Current Liabilities 59.2b) / Total Assets 135b |
| B: 0.02 (Retained Earnings 2.08b / Total Assets 135b) |
| C: 0.07 (EBIT TTM 9.33b / Avg Total Assets 133b) |
| D: 0.30 (Book Value of Equity 30.6b / Total Liabilities 101b) |
| Altman-Z'' = 0.32 = B |
| DSRI: 1.01 (Receivables 21.4b/20.5b, Revenue 76.2b/73.7b) |
| GMI: 1.20 (GM 17.81% / 14.82%) |
| AQI: 1.00 (AQ_t 0.51 / AQ_t-1 0.51) |
| SGI: 1.03 (Revenue 76.2b / 73.7b) |
| TATA: -0.05 (NI 5.08b - CFO 12.1b) / TA 135b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of September 07, 2026, the stock is trading at EUR 113.95 with a total of 733,326 shares traded. Over the past week, the price has changed by -0.35%, over one month by -10.13%, over three months by -7.77% and over the past year by +2.15%.
Current recommended Stop Loss: 111.00 (which is 2.6% or 1.4 ATR below the current price).
Vinci S.A. has no consensus analysts rating.
P/E Trailing = 12.6774
P/E Forward = 12.4688
P/S = 0.8353
P/B = 2.0776
P/EG = 2.4451
Revenue TTM = 76.2b EUR
EBIT TTM = 9.33b EUR
EBITDA TTM = 13.7b EUR
Long Term Debt = 29.5b EUR (from longTermDebt, last quarter)
Short Term Debt = 8.35b EUR (from shortTermDebt, last quarter)
Debt = 43.1b EUR (from shortLongTermDebtTotal, last quarter) + Leases 2.98b
Net Debt = 27.5b EUR (calculated: Debt 43.1b - CCE 15.6b)
Enterprise Value = 90.8b EUR (63.3b + Debt 43.1b - CCE 15.6b)
Interest Coverage Ratio = 6.30 (Ebit TTM 9.33b / Interest Expense TTM 1.48b)
EV/FCF = 10.97x (Enterprise Value 90.8b / FCF TTM 8.28b)
FCF Yield = 9.12% (FCF TTM 8.28b / Enterprise Value 90.8b)
FCF Margin = 10.86% (FCF TTM 8.28b / Revenue TTM 76.2b)
Net Margin = 6.67% (Net Income TTM 5.08b / Revenue TTM 76.2b)
Gross Margin = 14.82% ((Revenue TTM 76.2b - Cost of Revenue TTM 64.9b) / Revenue TTM)
Gross Margin QoQ = 12.66% (prev 16.76%)
Tobins Q-Ratio = 0.67 (Enterprise Value 90.8b / Total Assets 135b)
Interest Expense / Debt = 3.44% (Interest Expense 1.48b / Debt 43.1b)
Taxrate = 33.65% (2.76b / 8.20b)
NOPAT = 6.19b (EBIT 9.33b * (1 - 33.65%))
Current Ratio = 0.82 (Total Current Assets 48.5b / Total Current Liabilities 59.2b)
Debt / Equity = 1.41 (Debt 43.1b / totalStockholderEquity, last quarter 30.6b)
Debt / EBITDA = 2.01 (Net Debt 27.5b / EBITDA 13.7b)
Debt / FCF = 3.32 (Net Debt 27.5b / FCF TTM 8.28b)
Total Stockholder Equity = 30.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.83% (Net Income 5.08b / Total Assets 135b)
RoE = 16.96% (Net Income TTM 5.08b / Total Stockholder Equity 30.0b)
RoCE = 15.69% (EBIT 9.33b / Capital Employed (Equity 30.0b + L.T.Debt 29.5b))
RoIC = 7.72% (NOPAT 6.19b / Invested Capital 80.2b)
WACC = 4.82% (E(63.3b)/V(106b) * Re(6.55%) + D(43.1b)/V(106b) * Rd(3.44%) * (1-Tc(0.34)))
Discount Rate = 6.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -66.83 | Cagr: -1.11%
[DCF] Terminal Value 75.18% ; FCFF base≈8.34b ; Y1≈8.24b ; Y5≈8.45b
[DCF] Fair Price = 188.7 (EV 132b - Net Debt 27.5b = Equity 104b / Shares 553.4m; r=8.35% [WACC [floored]]; 5y FCF grow -1.91% → 2.50% )
EPS Correlation: -25.93 | EPS CAGR: -4.91% | SUE: 0.0 | # QB: 0
Revenue Correlation: 99.48 | Revenue CAGR: 3.58% | SUE: 1.14 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=9.14 | Chg30d=+0.74% | Revisions=+15% | GrowthEPS=+5.1% | GrowthRev=+2.7%
EPS next Year (2027-12-31): EPS=10.04 | Chg30d=-0.11% | Revisions=-27% | GrowthEPS=+9.8% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: -8% (up=10, down=12)