VICAT (VCT.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:VCT - FR0000031775 - Common Stock
79 EUR
-0.8 (-1%)
We assign a fundamental rating of 4 out of 10 to VCT. VCT was compared to 14 industry peers in the Construction Materials industry. There are concerns on the financial health of VCT while its profitability can be described as average. VCT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year VCT was profitable.
- In the past year VCT had a positive cash flow from operations.
- Each year in the past 5 years VCT has been profitable.
- VCT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 4.25%, VCT perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- VCT has a Return On Equity of 9.76%. This is comparable to the rest of the industry: VCT outperforms 57.14% of its industry peers.
- With a Return On Invested Capital value of 6.78%, VCT perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for VCT is below the industry average of 7.80%.
- 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
- VCT has a Profit Margin (7.07%) which is in line with its industry peers.
- In the last couple of years the Profit Margin of VCT has grown nicely.
- The Operating Margin of VCT (11.48%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of VCT has grown nicely.
- VCT has a Gross Margin of 36.41%. This is in the lower half of the industry: VCT underperforms 71.43% of its industry peers.
- 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
- VCT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for VCT remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, VCT has more shares outstanding
- The debt/assets ratio for VCT has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.31 indicates that VCT is not a great score, but indicates only limited risk for bankruptcy at the moment.
- VCT has a Altman-Z score (2.31) which is in line with its industry peers.
- The Debt to FCF ratio of VCT is 4.56, which is a neutral value as it means it would take VCT, 4.56 years of fcf income to pay off 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 50.00% of the companies in the same industry.
- A Debt/Equity ratio of 0.58 indicates that VCT is somewhat dependend on debt financing.
- VCT's Debt to Equity ratio of 0.58 is on the low side compared to the rest of the industry. VCT is outperformed by 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 4.56 | ||
| Altman-Z | 2.31 |
ROIC/WACC1.07
WACC6.35%
2.3 Liquidity
- A Current Ratio of 1.43 indicates that VCT should not have too much problems paying its short term obligations.
- The Current ratio of VCT (1.43) is worse than 78.57% of its industry peers.
- VCT has a Quick Ratio of 1.02. This is a normal value and indicates that VCT is financially healthy and should not expect problems in meeting its short term obligations.
- VCT has a Quick ratio of 1.02. This is in the lower half of the industry: VCT underperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 0.59% over the past year.
- VCT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.97% yearly.
- Looking at the last year, VCT shows a decrease in Revenue. The Revenue has decreased by -3.29% in the last year.
- The Revenue has been growing slightly by 7.23% on average over the past years.
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
- VCT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.63% yearly.
- 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 Y10.08%
EPS Next 2Y10.92%
EPS Next 3Y10.63%
EPS Next 5YN/A
Revenue Next Year-2.78%
Revenue Next 2Y1.11%
Revenue Next 3Y1.8%
Revenue Next 5Y3.11%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- 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
- The Price/Earnings ratio is 13.12, which indicates a correct valuation of VCT.
- VCT's Price/Earnings ratio is a bit cheaper when compared to the industry. VCT is cheaper than 64.29% of the companies in the same industry.
- VCT is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 11.29 indicates a reasonable valuation of VCT.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of VCT indicates a somewhat cheap valuation: VCT is cheaper than 78.57% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.32. VCT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.12 | ||
| Fwd PE | 11.29 |
4.2 Price Multiples
- 71.43% of the companies in the same industry are more expensive than VCT, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, VCT is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.47 | ||
| EV/EBITDA | 6.34 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.3
PEG (5Y)1.01
EPS Next 2Y10.92%
EPS Next 3Y10.63%
5. Dividend
5.1 Amount
- VCT has a Yearly Dividend Yield of 2.55%. Purely for dividend investing, there may be better candidates out there.
- 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 | 2.55% |
5.2 History
- On average, the dividend of VCT grows each year by 6.77%, which is quite nice.
Dividend Growth(5Y)6.77%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
- VCT pays out 42.82% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of VCT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP42.82%
EPS Next 2Y10.92%
EPS Next 3Y10.63%
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 10.08% in the next year.