DG Stock Analysis: Vinci S.A. | PA
Engineering & Construction | PA, France | Market Cap: 70.875m EUR | 12M Return: -1.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 126M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 4.90b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.47 > 1.0 |
| NWC/Revenue: -11.55% < 20% (prev -11.13%; Δ -0.41% < -1%) |
| CFO/TA 0.09 > 3% & CFO 11.9b > Net Income 4.90b |
| Net Debt (22.0b) to EBITDA (13.2b): 1.67 < 3 |
| Current Ratio: 0.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (566.7m) vs 12m ago -1.86% < -2% |
| Gross Margin: 15.37% > 18% (prev 17.60%; Δ -2.23% > 0.5%) |
| Asset Turnover: 57.54% > 50% (prev 56.20%; Δ 1.35% > 0%) |
| Interest Coverage Ratio: 6.02 > 6 (EBIT TTM 9.03b / Interest Expense TTM 1.50b) |
| A: -0.07 (Total Current Assets 48.7b - Total Current Liabilities 57.4b) / Total Assets 133b |
| B: 0.04 (Retained Earnings 4.90b / Total Assets 133b) |
| C: 0.07 (EBIT TTM 9.03b / Avg Total Assets 131b) |
| D: 0.31 (Book Value of Equity 30.8b / Total Liabilities 98.7b) |
| Altman-Z'' = 0.48 = B |
| DSRI: 1.00 (Receivables 20.0b/19.4b, Revenue 75.5b/72.8b) |
| GMI: 1.14 (GM 17.60% / 15.37%) |
| AQI: 0.98 (AQ_t 0.51 / AQ_t-1 0.52) |
| SGI: 1.04 (Revenue 75.5b / 72.8b) |
| TATA: -0.05 (NI 4.90b - CFO 11.9b) / TA 133b) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at EUR 118.25 with a total of 1,358,452 shares traded. Over the past week, the price has changed by -4.87%, over one month by -4.48%, over three months by -10.70% and over the past year by -1.71%.
Current recommended Stop Loss: 112.40 (which is 4.9% or 2.2 ATR below the current price).
Vinci S.A. has no consensus analysts rating.
P/E Trailing = 14.7861
P/E Forward = 13.9082
P/S = 0.9362
P/B = 2.282
P/EG = 2.5768
Revenue TTM = 75.5b EUR
EBIT TTM = 9.03b EUR
EBITDA TTM = 13.2b EUR
Long Term Debt = 30.0b EUR (from longTermDebt, last quarter)
Short Term Debt = 5.61b EUR (from shortTermDebt, last quarter)
Debt = 40.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 2.85b
Net Debt = 22.0b EUR (calculated: Debt 40.5b - CCE 18.5b)
Enterprise Value = 92.9b EUR (70.9b + Debt 40.5b - CCE 18.5b)
Interest Coverage Ratio = 6.02 (Ebit TTM 9.03b / Interest Expense TTM 1.50b)
EV/FCF = 10.99x (Enterprise Value 92.9b / FCF TTM 8.46b)
FCF Yield = 9.10% (FCF TTM 8.46b / Enterprise Value 92.9b)
FCF Margin = 11.19% (FCF TTM 8.46b / Revenue TTM 75.5b)
Net Margin = 6.49% (Net Income TTM 4.90b / Revenue TTM 75.5b)
Gross Margin = 15.37% ((Revenue TTM 75.5b - Cost of Revenue TTM 63.9b) / Revenue TTM)
Gross Margin QoQ = 16.76% (prev 13.80%)
Tobins Q-Ratio = 0.70 (Enterprise Value 92.9b / Total Assets 133b)
Interest Expense / Debt = 3.70% (Interest Expense 1.50b / Debt 40.5b)
Taxrate = 33.53% (2.66b / 7.94b)
NOPAT = 6.00b (EBIT 9.03b * (1 - 33.53%))
Current Ratio = 0.85 (Total Current Assets 48.7b / Total Current Liabilities 57.4b)
Debt / Equity = 1.32 (Debt 40.5b / totalStockholderEquity, last quarter 30.8b)
Debt / EBITDA = 1.67 (Net Debt 22.0b / EBITDA 13.2b)
Debt / FCF = 2.61 (Net Debt 22.0b / FCF TTM 8.46b)
Total Stockholder Equity = 29.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.73% (Net Income 4.90b / Total Assets 133b)
RoE = 16.63% (Net Income TTM 4.90b / Total Stockholder Equity 29.5b)
RoCE = 15.19% (EBIT 9.03b / Capital Employed (Equity 29.5b + L.T.Debt 30.0b))
RoIC = 7.75% (NOPAT 6.00b / Invested Capital 77.5b)
WACC = 4.84% (E(70.9b)/V(111b) * Re(6.21%) + D(40.5b)/V(111b) * Rd(3.70%) * (1-Tc(0.34)))
Discount Rate = 6.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: -0.18%
[DCF] Terminal Value 74.84% ; FCFF base≈8.61b ; Y1≈8.33b ; Y5≈8.20b
[DCF] Fair Price = 192.2 (EV 129b - Net Debt 22.0b = Equity 107b / Shares 554.1m; r=8.35% [WACC [floored]]; 5y FCF grow -4.31% → 2.50% )
EPS Correlation: -25.93 | EPS CAGR: -4.91% | SUE: 0.0 | # QB: 0
Revenue Correlation: 97.48 | Revenue CAGR: 4.76% | SUE: 0.10 | # QB: 0
EPS current Year (2026-12-31): EPS=9.15 | Chg30d=+1.24% | Revisions=-62% | GrowthEPS=+5.2% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=10.13 | Chg30d=-0.09% | Revisions=-18% | GrowthEPS=+10.8% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -44% (up=3, down=10)