Added to YB: 2026-03-11
Pitch date: 2026-03-08
VIL.PA [neutral]
VIEL & Cie, société anonyme
+0.3%
current return
Author Info
Company Info
VIEL & Cie, société anonyme, an investment company, provides interdealer broking, online trading, and private banking services in France, Europe, the Middle East, Africa, the Americas, and the Asia-Pacific region.
Market Cap
EUR 1.1B
Pitch Price
EUR 16.75
Price Target
N/A
Dividend
2.78%
EV/EBITDA
N/A
P/E
8.58
EV/Sales
N/A
Sector
Capital Markets
Category
value
Viel & Cie: Cashing in on Chaos
VIL.PA (update): Holding co w/ 70% stake in CFT (interdealer broker for OTC derivatives/FX/commodities), 81% in BSD, 40% in SwissLife. CFT holding alone worth €1650M vs €1120M mkt cap. SOTP €1930M. Trading 9x earnings vs peers 12-30x. Countercyclical—benefits from volatility. AI winner via data services. 30% ROE at CFT. CEO Combes owns 70%, 24% CAGR since 1979. Risks: low volatility periods hurt earnings, BGC exchange competition (but CFT focused on intl niche markets, grew 10% despite BGC share gains).
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