Vicat SA

Vicat SA

58.30
EUR
-0.60
(-1.02%)
2.83BMarket Cap
Feb 16Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
50.91
53.96
54.74
54.65
57.09
57.59
60.94
62.4
69.59
81.2
88.67
86.65
85.92
- -
Basic EPS, GAAP
2.68
2.86
2.63
3.1
3.17
3.32
3.31
3.47
4.55
3.48
5.82
6.08
6.12
- -
Free Cash Flow per Basic Share
3.58
3.16
2.8
5.5
3.64
4.5
3.22
4.65
1.17
-1.46
6.29
7.95
6.98
- -
Dividend per Share
1.78
1.8
1.75
1.79
1.56
1.63
1.63
1.65
1.65
1.84
2.11
2.28
2.59
- -
Book Value per Share
45.62
49.37
50.69
50.1
49.01
51.09
52.68
49.26
53.41
58.48
61.57
66.63
65.85
67.95
Tangible Book Value per Share
21.86
23.73
24.53
23.94
23.57
25.65
20.62
20.07
23.28
27.12
30.95
36.98
36.82
38.36
Basic Weighted Avg Shares
45
45
45
45
45
45
45
45
45
45
44
45
45
45
Sales/Revenue/Turnover
2,286
2,423
2,458
2,454
2,563
2,582
2,740
2,805
3,123
3,642
3,937
3,884
3,854
- -
Operating Margin (%)
10.06
10.74
9.81
10.24
9.22
9.66
9.31
9.95
11.27
7.03
9.55
9.85
11.72
- -
Depreciation Expense
192
186
203
209
201
234
284
277
256
303
344
356
293
- -
Net Income, GAAP
120
128
118
139
142
149
149
156
204
156
258
273
275
- -
Effective Tax Rate (%)
31.72
29.29
30.78
28.82
25.45
29.34
29.91
30.24
28.69
27.05
16.36
24.77
28.04
- -
Profit Margin (%)
5.26
5.3
4.81
5.67
5.55
5.77
5.43
5.56
6.54
4.29
6.56
7.02
7.13
- -
Working Capital
443
389
595
431
468
462
375
478
407
658
508
614
442
677
LT Debt
1,190
1,056
1,222
977
1,095
1,071
1,281
1,419
1,434
1,820
1,557
1,527
1,353
1,582
Total Equity
2,292
2,459
2,530
2,470
2,400
2,481
2,596
2,411
2,606
2,863
3,018
3,264
3,217
3,315
Return on Invested Capital (%)
4.15
4.81
4.37
4.75
4.63
4.69
4.46
4.55
5.55
4.22
6.87
6.76
6.82
- -
Return on Capital (%)
4.24
4.24
3.54
3.82
4.39
4.7
4.46
4.34
5.3
4.07
5.96
6.51
5.81
- -
Return on Common Equity (%)
5.88
6.14
5.36
6.25
6.49
6.73
6.48
6.92
9
6.31
9.71
9.58
9.32
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
363
333
243
LT Borrowings
1,389
1,185
1,414
LT Finance Leases
158
168
168
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
45
45
Market Capitalization
2,623
3,358
2,832

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,809
1,702
1,898
Cash, Cash Equivalents & STI
529
528
491
Accounts Receivable, Net
556
474
652
Inventories
520
512
559
Total Current Liabilities
1,265
1,259
1,221
Payables & Accruals
- -
- -
- -
ST Debt
363
333
243
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.57%
6.02%
-1.46%
Free Cash Flow
-70.88%
-162.23%
-12.18%
Net Income, GAAP
10.85%
15.84%
0.77%
Sales/Revenue/Turnover
4.75%
6.79%
-0.76%
Total Cash Common Dividend
4.32%
9.51%
13.65%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,884
2025
- -
- -
3,854
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6.08
2025
- -
- -
6.12
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.28
2025
- -
- -
2.59
2026
- -
- -
- -

Company Description

CEO
Guy Dominique Louis Sidos
Full Time Employees
10,423
Sector
Non-energy minerals
Industry
Construction materials
Address
4 Rue Aristide BergEs Moutiers ENG France 38080
IPO Date
Jan 7, 1985
Website
vicat.fr
Business
Vicat S.A. is a France-based multinational company that specializes in the production and distribution of construction materials, primarily cement, ready-mixed concrete, and aggregates. Founded in 1853 and headquartered in L'Isle-d'Abeau, France, Vicat operates across 12 countries with notable geographic presence in France, the United States, Brazil, Turkey, Switzerland, and Egypt. Its core product segments include a wide range of cement types such as Portland cement, Portland composite cement, blast furnace cement, slag cement, and pozzolan cement, serving general contractors, precast concrete manufacturers, public works contractors, residential developers, and wholesalers. Additionally, the company provides ready-mixed concrete offerings encompassing standard, special, decorative, self-leveling, self-consolidating concretes, and concrete tailored for roads, bridges, tunnels, and civil engineering projects. Vicat also supplies aggregates like sand and gravel, construction chemicals used in exterior wall coatings, mortars, and traditional concretes. The company complements its product portfolio with services including concrete pumping, precast concrete products, transport and logistics, 3D concrete printing, paper and packaging solutions, engineering, examination of construction standards, and major public works operations via its SATM subsidiary. Recent major company developments include organic sales growth of 2.3% in 2024 despite challenging European markets, an increase in EBITDA by 5.9% to €783 million with improved margins driven notably by a 25.8% EBITDA rise in the United States segment to €190 million. The company reduced net debt by €185 million over 2024, maintaining a solid financial structure with leverage at 1.6x. Vicat continues to expand and innovate with an emphasis on sustainability and circular economy offerings, including the development of eco-friendly products and applications. The company is also investing in new technologies like 3D concrete printing and constructive systems, expanding its service scope and technological capabilities. Vicat’s strategic focus remains on broadening market penetration in the Americas and strengthening its European operations, alongside continuous product innovation and operational excellence. Vicat operates in the heavy building materials and aggregates industry, targeting construction, infrastructure, civil engineering, and public works markets globally. It organizes its operations into three segments: Cement, Concrete & Aggregates, and Other Products & Services. The company generates substantial revenues from France while pursuing growth in international markets with tailored solutions and technological advancements aligned with client needs and environmental standards. The group’s longstanding presence since the mid-19th century underscores its established position and expertise in construction materials worldwide. This comprehensive offering and recent operational enhancements position Vicat as a leading industrial player in the cement and concrete sectors with a robust international footprint and commitment to innovation and sustainability.

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