(VCT) Vicat S.A. - Ratings and Ratios
Cement, Concrete, Aggregates, Mortars, Packaging
Dividends
| Dividend Yield | 2.84% |
| Yield on Cost 5y | 7.22% |
| Yield CAGR 5y | 7.46% |
| Payout Consistency | 94.0% |
| Payout Ratio | 33.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 24.4% |
| Value at Risk 5%th | 38.4% |
| Relative Tail Risk | -4.27% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.46 |
| Alpha | 95.05 |
| CAGR/Max DD | 2.57 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.435 |
| Beta | 0.242 |
| Beta Downside | 0.183 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.43% |
| Mean DD | 4.46% |
| Median DD | 3.41% |
Description: VCT Vicat S.A. November 10, 2025
Vicat S.A. (ticker VCT) is a French-based, vertically integrated construction-materials group that produces and sells cement, ready-mixed concrete and aggregates across 13 countries, ranging from mature markets such as France and the United States to high-growth regions like Brazil, India and Africa. Its product portfolio spans artificial and natural cements, hydraulic road binders, a broad array of aggregates (alluvium, rock, river and crusher gravel, sand) and specialty concretes (decorative, self-leveling, self-consolidating, road, architectural and civil-engineering). Vicat also offers premixed mortars, adhesives and finishing compounds, and it participates in large-scale infrastructure projects (high-speed rail, motorway bridges, nuclear plants, airports) while maintaining a side business in kraft bags and paper products.
Key drivers to watch: (1) Cement demand is closely tied to global construction activity and is currently supported by a 3.2 % YoY increase in residential building starts in Europe, which benefits Vicat’s housing-segment sales; (2) The company’s operating margin has averaged 12.5 % over the past three years, but is vulnerable to raw-material cost volatility (limestone, energy) and tightening ESG regulations that push for lower-carbon cements; (3) Geographic diversification reduces exposure to any single economy, yet the African and Indian operations contribute roughly 20 % of total revenue and are sensitive to local currency fluctuations and infrastructure-spending cycles.
If you want a data-rich, side-by-side comparison of Vicat’s valuation multiples, cash-flow outlook and peer performance, the ValueRay platform provides a concise dashboard that may help sharpen your analysis.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income (538.7m TTM) > 0 and > 6% of Revenue (6% = 467.6m TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA 6.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 6.99% (prev 14.13%; Δ -7.14pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.20 (>3.0%) and CFO 1.28b > Net Income 538.7m (YES >=105%, WARN >=100%) |
| Net Debt (1.38b) to EBITDA (1.34b) ratio: 1.03 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.43 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (44.8m) change vs 12m ago -0.40% (target <= -2.0% for YES) |
| Gross Margin 35.77% (prev 31.50%; Δ 4.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 122.5% (prev 59.74%; Δ 62.75pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.27 (EBITDA TTM 1.34b / Interest Expense TTM 195.8m) >= 6 (WARN >= 3) |
ValueRay F-Score (Strict, 0-100) 83.48
| 1. Piotroski 8.50pt |
| 2. FCF Yield 13.63% |
| 3. FCF Margin 7.87% |
| 4. Debt/Equity 0.69 |
| 5. Debt/Ebitda 1.03 |
| 6. ROIC - WACC (= 8.77)% |
| 7. RoE 19.18% |
| 8. Rev. Trend 92.09% |
| 9. EPS Trend -8.86% |
What is the price of VCT shares?
Over the past week, the price has changed by -0.42%, over one month by +8.63%, over three months by +18.09% and over the past year by +101.85%.
Is VCT a buy, sell or hold?
What are the forecasts/targets for the VCT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 74 | 5% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 95.3 | 35.2% |
VCT Fundamental Data Overview November 27, 2025
Market Cap EUR = 3.12b (3.12b EUR * 1.0 EUR.EUR)
P/E Trailing = 11.5702
P/E Forward = 10.4493
P/S = 0.8136
P/B = 1.093
Beta = 0.78
Revenue TTM = 7.79b EUR
EBIT TTM = 836.1m EUR
EBITDA TTM = 1.34b EUR
Long Term Debt = 1.39b EUR (from longTermDebt, last quarter)
Short Term Debt = 363.5m EUR (from shortTermDebt, last quarter)
Debt = 1.91b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.38b EUR (from netDebt column, last quarter)
Enterprise Value = 4.50b EUR (3.12b + Debt 1.91b - CCE 529.1m)
Interest Coverage Ratio = 4.27 (Ebit TTM 836.1m / Interest Expense TTM 195.8m)
FCF Yield = 13.63% (FCF TTM 613.3m / Enterprise Value 4.50b)
FCF Margin = 7.87% (FCF TTM 613.3m / Revenue TTM 7.79b)
Net Margin = 6.91% (Net Income TTM 538.7m / Revenue TTM 7.79b)
Gross Margin = 35.77% ((Revenue TTM 7.79b - Cost of Revenue TTM 5.01b) / Revenue TTM)
Gross Margin QoQ = 35.26% (prev 37.51%)
Tobins Q-Ratio = 0.71 (Enterprise Value 4.50b / Total Assets 6.37b)
Interest Expense / Debt = 1.86% (Interest Expense 35.6m / Debt 1.91b)
Taxrate = 26.29% (41.3m / 157.1m)
NOPAT = 616.3m (EBIT 836.1m * (1 - 26.29%))
Current Ratio = 1.43 (Total Current Assets 1.81b / Total Current Liabilities 1.26b)
Debt / Equity = 0.69 (Debt 1.91b / totalStockholderEquity, last quarter 2.77b)
Debt / EBITDA = 1.03 (Net Debt 1.38b / EBITDA 1.34b)
Debt / FCF = 2.25 (Net Debt 1.38b / FCF TTM 613.3m)
Total Stockholder Equity = 2.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.46% (Net Income 538.7m / Total Assets 6.37b)
RoE = 19.18% (Net Income TTM 538.7m / Total Stockholder Equity 2.81b)
RoCE = 19.92% (EBIT 836.1m / Capital Employed (Equity 2.81b + L.T.Debt 1.39b))
RoIC = 13.58% (NOPAT 616.3m / Invested Capital 4.54b)
WACC = 4.81% (E(3.12b)/V(5.03b) * Re(6.91%) + D(1.91b)/V(5.03b) * Rd(1.86%) * (1-Tc(0.26)))
Discount Rate = 6.91% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 0.10%
[DCF Debug] Terminal Value 78.66% ; FCFE base≈451.5m ; Y1≈463.4m ; Y5≈517.8m
Fair Price DCF = 204.7 (DCF Value 9.12b / Shares Outstanding 44.5m; 5y FCF grow 2.56% → 3.0% )
EPS Correlation: -8.86 | EPS CAGR: -41.64% | SUE: 0.0 | # QB: 0
Revenue Correlation: 92.09 | Revenue CAGR: 10.64% | SUE: 0.86 | # QB: 1
EPS next Year (2026-12-31): EPS=6.77 | Chg30d=-0.001 | Revisions Net=-1 | Growth EPS=+9.9% | Growth Revenue=+2.3%