VICAT (VCT.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:VCT - FR0000031775 - Common Stock
80.8 EUR
+0.7 (+0.87%)
Taking everything into account, VCT scores 4 out of 10 in our fundamental rating. VCT was compared to 17 industry peers in the Construction Materials industry. While VCT is still in line with the averages on profitability rating, there are concerns on its financial health. VCT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- VCT had positive earnings in the past year.
- VCT had a positive operating cash flow in the past year.
- In the past 5 years VCT has always been profitable.
- In the past 5 years VCT always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 4.25%, VCT perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
- VCT has a Return On Equity (9.76%) which is comparable to the rest of the industry.
- VCT has a Return On Invested Capital of 6.78%. This is comparable to the rest of the industry: VCT outperforms 52.94% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for VCT is below the industry average of 7.81%.
- The 3 year average ROIC (5.57%) for VCT is below the current ROIC(6.78%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 9.76% | ||
| ROIC | 6.78% |
ROA(3y)3.58%
ROA(5y)3.46%
ROE(3y)8.23%
ROE(5y)8.1%
ROIC(3y)5.57%
ROIC(5y)5.43%
1.3 Margins
- Looking at the Profit Margin, with a value of 7.07%, VCT is in line with its industry, outperforming 47.06% of the companies in the same industry.
- In the last couple of years the Profit Margin of VCT has grown nicely.
- VCT has a Operating Margin (11.48%) which is in line with its industry peers.
- VCT's Operating Margin has improved in the last couple of years.
- With a Gross Margin value of 36.41%, VCT is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of VCT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.48% | ||
| PM (TTM) | 7.07% | ||
| GM | 36.41% |
OM growth 3Y2.77%
OM growth 5Y4.19%
PM growth 3Y2.39%
PM growth 5Y5.26%
GM growth 3Y0.15%
GM growth 5Y-0.82%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), VCT is creating some value.
- Compared to 1 year ago, VCT has about the same amount of shares outstanding.
- VCT has more shares outstanding than it did 5 years ago.
- VCT has a better debt/assets ratio than last year.
2.2 Solvency
- VCT has an Altman-Z score of 2.31. This is not the best score and indicates that VCT is in the grey zone with still only limited risk for bankruptcy at the moment.
- VCT's Altman-Z score of 2.31 is in line compared to the rest of the industry. VCT outperforms 41.18% of its industry peers.
- VCT has a debt to FCF ratio of 4.56. This is a neutral value as VCT would need 4.56 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 4.56, VCT is in line with its industry, outperforming 52.94% of the companies in the same industry.
- A Debt/Equity ratio of 0.58 indicates that VCT is somewhat dependend on debt financing.
- VCT has a Debt to Equity ratio of 0.58. This is in the lower half of the industry: VCT underperforms 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 4.56 | ||
| Altman-Z | 2.31 |
ROIC/WACC1.04
WACC6.53%
2.3 Liquidity
- A Current Ratio of 1.43 indicates that VCT should not have too much problems paying its short term obligations.
- VCT's Current ratio of 1.43 is on the low side compared to the rest of the industry. VCT is outperformed by 70.59% of its industry peers.
- A Quick Ratio of 1.02 indicates that VCT should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.02, VCT is doing worse than 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
- VCT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.59%.
- The Earnings Per Share has been growing by 12.97% on average over the past years. This is quite good.
- The Revenue has decreased by -3.29% in the past year.
- Measured over the past years, VCT shows a small growth in Revenue. The Revenue has been growing by 7.23% on average per year.
EPS 1Y (TTM)0.59%
EPS 3Y10.21%
EPS 5Y12.97%
EPS Q2Q%-1.73%
Revenue 1Y (TTM)-3.29%
Revenue growth 3Y7.54%
Revenue growth 5Y7.23%
Sales Q2Q%-2.69%
3.2 Future
- The Earnings Per Share is expected to grow by 11.44% on average over the next years. This is quite good.
- Based on estimates for the next years, VCT will show a small growth in Revenue. The Revenue will grow by 3.11% on average per year.
EPS Next Y7.55%
EPS Next 2Y11.17%
EPS Next 3Y11.44%
EPS Next 5YN/A
Revenue Next Year-2.78%
Revenue Next 2Y1.11%
Revenue Next 3Y1.8%
Revenue Next 5Y3.11%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 13.42, the valuation of VCT can be described as correct.
- 64.71% of the companies in the same industry are more expensive than VCT, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 28.60, VCT is valued rather cheaply.
- VCT is valuated reasonably with a Price/Forward Earnings ratio of 11.49.
- Based on the Price/Forward Earnings ratio, VCT is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.83, VCT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.42 | ||
| Fwd PE | 11.49 |
4.2 Price Multiples
- 76.47% of the companies in the same industry are more expensive than VCT, based on the Enterprise Value to EBITDA ratio.
- VCT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VCT is cheaper than 88.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.66 | ||
| EV/EBITDA | 6.36 |
4.3 Compensation for Growth
- VCT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.78
PEG (5Y)1.03
EPS Next 2Y11.17%
EPS Next 3Y11.44%
5. Dividend
5.1 Amount
- VCT has a Yearly Dividend Yield of 2.51%.
- Compared to an average industry Dividend Yield of 2.76, VCT has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, VCT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
- The dividend of VCT is nicely growing with an annual growth rate of 6.77%!
Dividend Growth(5Y)6.77%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
- 42.82% of the earnings are spent on dividend by VCT. This is a bit on the high side, but may be sustainable.
- VCT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP42.82%
EPS Next 2Y11.17%
EPS Next 3Y11.44%
VICAT / VCT.PA FAQ
What is the ChartMill fundamental rating of VICAT (VCT.PA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to VCT.PA.
What is the valuation status for VCT stock?
ChartMill assigns a valuation rating of 6 / 10 to VICAT (VCT.PA). This can be considered as Fairly Valued.
Can you provide the profitability details for VICAT?
VICAT (VCT.PA) has a profitability rating of 5 / 10.
Can you provide the financial health for VCT stock?
The financial health rating of VICAT (VCT.PA) is 3 / 10.
What is the expected EPS growth for VICAT (VCT.PA) stock?
The Earnings per Share (EPS) of VICAT (VCT.PA) is expected to grow by 7.55% in the next year.