(DG) Vinci S.A. - Ratings and Ratios
Concessions, Energy, Construction
Description: DG Vinci S.A. September 26, 2025
Vinci SA (ticker DG) is a French multinational that operates across three core segments-Concessions, Energy, and Construction-serving both domestic and international markets.
In the Concessions segment, Vinci manages a portfolio of motorways, autoroutes, airports, railways, and stadiums. The segment generated roughly €13 billion in revenue in 2023, representing about 45 % of total sales, and benefits from long-term toll contracts that provide stable cash flows insulated from short-term economic cycles.
The Energy segment delivers industrial services, facilities management, and ICT solutions, while also developing renewable-energy assets such as solar and wind farms. Renewable-energy contracts now account for roughly 20 % of the segment’s order backlog, reflecting the EU’s aggressive decarbonisation targets and the growing demand for EPC (engineering-procurement-construction) expertise in green infrastructure.
Vinci’s Construction business covers general contracting, geotechnical and structural engineering, nuclear engineering services, and the development and management of residential and commercial properties. In 2023, the segment posted a €7 billion order book, with a notable 12 % year-over-year increase in digital-enabled construction services, indicating a shift toward higher-margin, technology-driven projects.
Founded in 1899 and headquartered in Nanterre, France, Vinci benefits from France’s sustained public-investment agenda-particularly the “Plan France 2030” which earmarks €30 billion for transport and energy infrastructure-providing a favorable macro backdrop for its concession renewals and new project pipelines.
Key financial metrics to watch include Vinci’s leverage ratio (net debt/EBITDA ≈ 2.8× in 2023) and its free-cash-flow yield (~5 %), both of which are critical for assessing the sustainability of dividend payouts and funding capacity for new concessions.
For a deeper quantitative assessment, the ValueRay platform offers granular financial and ESG metrics that can help you model Vinci’s exposure to the European green-infrastructure pipeline.
Type: common stock
Country Origin: France
GICS Sub Industry: Construction & Engineering
DG Stock Overview
| Market Cap in USD | 78,180m |
| Sub-Industry | Construction & Engineering |
| IPO / Inception |
DG Stock Ratings
| Growth Rating | 71.8% |
| Fundamental | 81.4% |
| Dividend Rating | 67.8% |
| Return 12m vs S&P 500 | -3.17% |
| Analyst Rating | - |
DG Dividends
| Dividend Yield 12m | 4.10% |
| Yield on Cost 5y | 8.10% |
| Annual Growth 5y | 15.83% |
| Payout Consistency | 90.4% |
| Payout Ratio | 57.2% |
DG Growth Ratios
| Growth Correlation 3m | -19.4% |
| Growth Correlation 12m | 71.8% |
| Growth Correlation 5y | 91.8% |
| CAGR 5y | 10.47% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.66 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.94 |
| Sharpe Ratio 12m | 1.50 |
| Alpha | 0.58 |
| Beta | 0.931 |
| Volatility | 22.44% |
| Current Volume | 791.1k |
| Average Volume 20d | 899.4k |
| Stop Loss | 112.4 (-3%) |
| Signal | 0.01 |
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (9.37b TTM) > 0 and > 6% of Revenue (6% = 8.71b TTM) |
| FCFTA 0.13 (>2.0%) and ΔFCFTA 8.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -6.73% (prev -6.77%; Δ 0.04pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.17 (>3.0%) and CFO 22.68b > Net Income 9.37b (YES >=105%, WARN >=100%) |
| Net Debt (27.55b) to EBITDA (24.04b) ratio: 1.15 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.83 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (567.6m) change vs 12m ago -0.80% (target <= -2.0% for YES) |
| Gross Margin 16.01% (prev 21.43%; Δ -5.42pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 118.4% (prev 71.66%; Δ 46.76pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.32 (EBITDA TTM 24.04b / Interest Expense TTM 2.67b) >= 6 (WARN >= 3) |
Altman Z'' 0.66
| (A) -0.07 = (Total Current Assets 48.38b - Total Current Liabilities 58.14b) / Total Assets 130.44b |
| (B) 0.01 = Retained Earnings (Balance) 1.90b / Total Assets 130.44b |
| (C) 0.14 = EBIT TTM 16.84b / Avg Total Assets 122.55b |
| (D) 0.17 = Book Value of Equity 16.42b / Total Liabilities 98.03b |
| Total Rating: 0.66 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 81.39
| 1. Piotroski 6.50pt = 1.50 |
| 2. FCF Yield 17.60% = 5.0 |
| 3. FCF Margin 11.38% = 2.84 |
| 4. Debt/Equity 1.49 = 1.48 |
| 5. Debt/Ebitda 1.15 = 1.55 |
| 6. ROIC - WACC (= 10.71)% = 12.50 |
| 7. RoE 32.52% = 2.50 |
| 8. Rev. Trend 67.67% = 5.08 |
| 9. EPS Trend -21.26% = -1.06 |
What is the price of DG shares?
Over the past week, the price has changed by -3.74%, over one month by -0.85%, over three months by -3.83% and over the past year by +17.56%.
Is Vinci S.A. a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of DG is around 122.18 EUR . This means that DG is currently overvalued and has a potential downside of 5.42%.
Is DG a buy, sell or hold?
What are the forecasts/targets for the DG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 137.3 | 18.5% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 133.4 | 15.1% |
DG Fundamental Data Overview January 01, 1970
Market Cap EUR = 67.35b (67.35b EUR * 1.0 EUR.EUR)
P/E Trailing = 14.506
P/E Forward = 12.0919
P/S = 0.9135
P/B = 2.3103
P/EG = 2.781
Beta = 0.931
Revenue TTM = 145.12b EUR
EBIT TTM = 16.84b EUR
EBITDA TTM = 24.04b EUR
Long Term Debt = 28.76b EUR (from longTermDebt, last quarter)
Short Term Debt = 11.02b EUR (from shortTermDebt, last quarter)
Debt = 42.62b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 27.55b EUR (from netDebt column, last quarter)
Enterprise Value = 93.79b EUR (67.35b + Debt 42.62b - CCE 16.18b)
Interest Coverage Ratio = 6.32 (Ebit TTM 16.84b / Interest Expense TTM 2.67b)
FCF Yield = 17.60% (FCF TTM 16.51b / Enterprise Value 93.79b)
FCF Margin = 11.38% (FCF TTM 16.51b / Revenue TTM 145.12b)
Net Margin = 6.46% (Net Income TTM 9.37b / Revenue TTM 145.12b)
Gross Margin = 16.01% ((Revenue TTM 145.12b - Cost of Revenue TTM 121.88b) / Revenue TTM)
Gross Margin QoQ = 13.80% (prev 21.51%)
Tobins Q-Ratio = 0.72 (Enterprise Value 93.79b / Total Assets 130.44b)
Interest Expense / Debt = 1.64% (Interest Expense 699.0m / Debt 42.62b)
Taxrate = 37.64% (1.24b / 3.29b)
NOPAT = 10.50b (EBIT 16.84b * (1 - 37.64%))
Current Ratio = 0.83 (Total Current Assets 48.38b / Total Current Liabilities 58.14b)
Debt / Equity = 1.49 (Debt 42.62b / totalStockholderEquity, last quarter 28.61b)
Debt / EBITDA = 1.15 (Net Debt 27.55b / EBITDA 24.04b)
Debt / FCF = 1.67 (Net Debt 27.55b / FCF TTM 16.51b)
Total Stockholder Equity = 28.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.18% (Net Income 9.37b / Total Assets 130.44b)
RoE = 32.52% (Net Income TTM 9.37b / Total Stockholder Equity 28.82b)
RoCE = 29.25% (EBIT 16.84b / Capital Employed (Equity 28.82b + L.T.Debt 28.76b))
RoIC = 16.89% (NOPAT 10.50b / Invested Capital 62.17b)
WACC = 6.18% (E(67.35b)/V(109.97b) * Re(9.45%) + D(42.62b)/V(109.97b) * Rd(1.64%) * (1-Tc(0.38)))
Discount Rate = 9.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.85%
[DCF Debug] Terminal Value 77.01% ; FCFE base≈11.89b ; Y1≈14.67b ; Y5≈25.04b
Fair Price DCF = 590.9 (DCF Value 330.55b / Shares Outstanding 559.4m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -21.26 | EPS CAGR: -60.07% | SUE: 0.0 | # QB: 0
Revenue Correlation: 67.67 | Revenue CAGR: 12.31% | SUE: 1.19 | # QB: 1