Added to YB: 2026-02-20
Pitch date: 2026-02-17
VCT.PA [neutral]
Vicat S.A.
+4.53%
current return
Author Info
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Company Info
Vicat S.A., together with its subsidiaries, engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.
Market Cap
EUR 3.1B
Pitch Price
EUR 70.70
Price Target
N/A
Dividend
2.83%
EV/EBITDA
6.18
P/E
11.53
EV/Sales
1.19
Sector
Construction Materials
Category
growth
Vicat (France): steady 2025 delivery and a cautious tone for 2026
VCT.PA (update): 2025 EBITDA €771m in-line; FCF €324m beat; net debt €1.15bn at 1.5x leverage. 2026 guidance cautious: slight sales/EBITDA growth, limited US visibility, France political uncertainty. Capex normalizing to €290m. Target <1.0x leverage by 2027, >20% margin. Catalysts: French residential recovery, Senegal kiln ramp, emerging mkt strength. Sector under pressure on EU carbon mkt uncertainty despite solid fundamentals.
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