(VK) Vallourec - Overview
Sector: Basic Materials | Industry: Steel | Exchange: PA (France) | Market Cap: 5.518m EUR | Total Return: 58.6% in 12m
Avg Turnover: 20.4M
EPS Trend: -72.9%
Qual. Beats: 0
Rev. Trend: -68.1%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader
Vallourec S.A. (VK) is a France-based manufacturer specializing in seamless steel tubular solutions for the energy and industrial sectors. The company operates two primary segments: Tubes and Mine & Forests, providing specialized piping for oil and gas extraction, petrochemical processing, and automotive manufacturing. Its business model integrates high-margin proprietary VAM connections with life-cycle services, including on-site assembly supervision and inventory management.
The company is currently pivoting toward the energy transition by supplying infrastructure for hydrogen transport, geothermal power, and carbon capture (CCUS). Unlike standard commodity steel, seamless tubes are engineered to withstand extreme pressure and corrosive environments, creating high barriers to entry in deepwater and high-temperature drilling applications. Vallourec also maintains vertical integration through its own iron ore mining and charcoal production operations to secure raw material inputs.
For a detailed breakdown of the companys financial health and valuation metrics, consider reviewing the data available on ValueRay.
- North American oil and gas drilling activity drives premium seamless tube demand
- Global iron ore price volatility impacts Mine & Forests segment profitability margins
- Expansion into geothermal and hydrogen markets diversifies long-term energy transition revenue
- Debt reduction and free cash flow generation influence shareholder capital return potential
- Middle Eastern national oil company capital expenditures dictate high-margin OCTG sales volume
| Net Income: 476.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.53 > 1.0 |
| NWC/Revenue: 39.33% < 20% (prev 35.42%; Δ 3.90% < -1%) |
| CFO/TA 0.14 > 3% & CFO 809.0m > Net Income 476.4m |
| Net Debt (9.00m) to EBITDA (961.6m): 0.01 < 3 |
| Current Ratio: 2.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (251.0m) vs 12m ago 0.80% < -2% |
| Gross Margin: 27.82% > 18% (prev 0.27%; Δ 2.75k% > 0.5%) |
| Asset Turnover: 83.25% > 50% (prev 94.52%; Δ -11.27% > 0%) |
| Interest Coverage Ratio: 20.68 > 6 (EBITDA TTM 961.6m / Interest Expense TTM 34.7m) |
| A: 0.32 (Total Current Assets 3.05b - Total Current Liabilities 1.25b) / Total Assets 5.64b |
| B: 0.06 (Retained Earnings 354.6m / Total Assets 5.64b) |
| C: 0.13 (EBIT TTM 717.4m / Avg Total Assets 5.48b) |
| D: 0.13 (Book Value of Equity 354.6m / Total Liabilities 2.74b) |
| Altman-Z'' = 3.31 = A |
| DSRI: 1.14 (Receivables 568.0m/549.0m, Revenue 4.56b/5.02b) |
| GMI: 0.98 (GM 27.82% / 27.36%) |
| AQI: 1.06 (AQ_t 0.09 / AQ_t-1 0.08) |
| SGI: 0.91 (Revenue 4.56b / 5.02b) |
| TATA: -0.06 (NI 476.4m - CFO 809.0m) / TA 5.64b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of May 26, 2026, the stock is trading at EUR 24.31 with a total of 312,225 shares traded.
Over the past week, the price has changed by -6.75%,
over one month by -3.42%,
over three months by +24.76% and
over the past year by +58.58%.
Vallourec has no consensus analysts rating.
P/E Trailing = 17.8074
P/E Forward = 14.5773
P/S = 1.5116
P/B = 1.9779
P/EG = 7.2411
Revenue TTM = 4.56b EUR
EBIT TTM = 717.4m EUR
EBITDA TTM = 961.6m EUR
Long Term Debt = 950.0m EUR (from longTermDebt, last quarter)
Short Term Debt = 66.0m EUR (from shortTermDebt, last quarter)
Debt = 1.13b EUR (from shortLongTermDebtTotal, last quarter) + Leases 67.0m
Net Debt = 9.00m EUR (calculated: Debt 1.13b - CCE 1.12b)
Enterprise Value = 5.53b EUR (5.52b + Debt 1.13b - CCE 1.12b)
Interest Coverage Ratio = 20.68 (Ebit TTM 717.4m / Interest Expense TTM 34.7m)
EV/FCF = 12.81x (Enterprise Value 5.53b / FCF TTM 431.5m)
FCF Yield = 7.81% (FCF TTM 431.5m / Enterprise Value 5.53b)
FCF Margin = 9.46% (FCF TTM 431.5m / Revenue TTM 4.56b)
Net Margin = 10.44% (Net Income TTM 476.4m / Revenue TTM 4.56b)
Gross Margin = 27.82% ((Revenue TTM 4.56b - Cost of Revenue TTM 3.29b) / Revenue TTM)
Gross Margin QoQ = 31.57% (prev 23.18%)
Tobins Q-Ratio = 0.98 (Enterprise Value 5.53b / Total Assets 5.64b)
Interest Expense / Debt = 3.08% (Interest Expense 34.7m / Debt 1.13b)
Taxrate = 28.70% (33.0m / 115.0m)
NOPAT = 511.6m (EBIT 717.4m * (1 - 28.70%))
Current Ratio = 2.43 (Total Current Assets 3.05b / Total Current Liabilities 1.25b)
Debt / Equity = 0.40 (Debt 1.13b / totalStockholderEquity, last quarter 2.79b)
Debt / EBITDA = 0.01 (Net Debt 9.00m / EBITDA 961.6m)
Debt / FCF = 0.02 (Net Debt 9.00m / FCF TTM 431.5m)
Total Stockholder Equity = 2.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.69% (Net Income 476.4m / Total Assets 5.64b)
RoE = 20.21% (Net Income TTM 476.4m / Total Stockholder Equity 2.36b)
RoCE = 21.69% (EBIT 717.4m / Capital Employed (Equity 2.36b + L.T.Debt 950.0m))
RoIC = 11.49% (NOPAT 511.6m / Invested Capital 4.45b)
WACC = 6.79% (E(5.52b)/V(6.65b) * Re(7.73%) + D(1.13b)/V(6.65b) * Rd(3.08%) * (1-Tc(0.29)))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.66 | Cagr: 2.01%
[DCF] Terminal Value 75.33% ; FCFF base≈432.8m ; Y1≈431.8m ; Y5≈451.4m
[DCF] Fair Price = 30.59 (EV 7.03b - Net Debt 9.00m = Equity 7.02b / Shares 229.6m; r=8.35% [WACC [floored]]; 5y FCF grow -0.78% → 2.50% )
EPS Correlation: -72.91 | EPS CAGR: -10.16% | SUE: 0.15 | # QB: 0
Revenue Correlation: -68.14 | Revenue CAGR: -13.01% | SUE: -0.20 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.27 | Chg30d=-30.77% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.38 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=1.58 | Chg30d=-6.32% | Revisions=-43% | GrowthEPS=+5.1% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=2.14 | Chg30d=+5.15% | Revisions=+0% | GrowthEPS=+35.7% | GrowthRev=+10.8%
[Analyst] Revisions Ratio: -43%