Vicat VCT.PA
FranceBasic Materials · Building MaterialsEuronext París · EUR
84.75 EUR (+46.6%)
4 analysts
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Vicat is a French producer of cement, aggregates, and concrete, with integrated operations in Europe, the Americas, and Africa, selling to construction and public works.
Listed on Euronext París · Symbol VCT.PA · EPA: VCT · Currency EUR
Key points
from its scores- ✓Attractive valuation8.5
- ✓Attractive dividend7.5
- ✕Little competitive advantage4.3
AI analysis
bottom line, main risk, context and newsThe cheap valuation offers support, but sector weakness and cycle risk limit near-term upside.
Vicat trades at a P/E of 8.95 and an EV/EBITDA of 5.93, reflecting an attractive valuation, but its quality is average (ROIC 7.9%, operating margin 9.57%) and the 14.9% earnings growth may not be sustainable in a rising rate environment that pressures construction demand.
The main risk is cyclical exposure to construction in Europe and the US, where rising rates could dampen demand and compress margins, along with dependence on emerging markets with geopolitical risk.
Context and risks
Vicat is a French cement and building materials producer with operations in emerging markets (Africa, Asia) and the US. The rise in long-term US interest rates and a stronger dollar make its financing more expensive and pressure construction demand there, while in Europe the ECB's tightening path raises the cost of its debt (ND/EBITDA of 1.88x). Geopolitical risk to shipping routes (Hormuz, Bab el-Mandeb) affects its raw material supply chains, though it is not its main risk factor.
Is Vicat stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 47% below the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 8.9 | 19.2 | −53% |
| EV / EBITDA | 5.9 | 10.0 | −41% |
| Price / book | 0.9 | 2.3 | −62% |
| Price / sales | 0.6 | 2.2 | −71% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.5 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 84.75 EUR, +46.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.1 (sector 7.1), Growth 6.2 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 8.9
- Forward P/E
- 8.0
- EV / EBITDA
- 5.9
- Price / book
- 0.9
- Price / sales
- 0.6
- PEG
- 2.05
- Market cap
- 2.6B EUR
- Enterprise value
- 4.2B EUR
Profitability
- ROE
- 10.2%
- ROA
- 4.4%
- ROIC (approx.)
- 7.9%
- Gross margin
- 36.2%
- Operating margin
- 9.6%
- Net margin
- 7.2%
- Free cash flow
- 179.8M EUR
- FCF yield
- 7.0%
- Cash conversion
- 25%
Solvency
- Total debt
- 1.8B EUR
- Net debt
- 1.3B EUR
- Cash
- 491.3M EUR
- EBITDA
- 708.1M EUR
- Net debt / EBITDA
- 1.88
- Debt / equity
- 55.06
- Current ratio
- 1.55
- Quick ratio
- 1.10
Growth
- Revenue growth
- +8.0%
- Earnings growth
- +14.9%
- EPS (TTM)
- 6.46 EUR
- EPS (forward)
- 7.19 EUR
Dividend
- Dividend yield
- 3.5%
- Payout
- 31.0%
Risk and market
- Beta
- 0.73
- Analyst consensus
- Strong buy (4)
- Target price
- 84.75 EUR
- 52-week range
- 57.00 – 81.70
Recent news
All VCT.PA news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Vicat
Is Vicat stock cheap or expensive?
On P/E and EV / EBITDA, it trades 47% below the Basic Materials median on average. Valuation score: 8.5 out of 10 (median for Basic Materials: 5.8). Average analyst target: 84.75 EUR, +46.6% versus the price. This is not investment advice.
What score does Vicat get on MeridIAn Screener?
It scores 6.4 out of 10, rank 673 of 2,130 (better than 68% of the companies analysed). Its strongest category is Valuation (8.5) and its weakest, Quality / Moat (4.3). Analysis of 08/10/2026.
What is Vicat's P/E ratio?
Its P/E is 8.9: the share price equals 8.9 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 8.0.
How much is Vicat worth on the stock market?
Its market capitalisation is 2.6B EUR and its enterprise value, debt included, is 4.2B EUR.
How much debt does Vicat have?
Its net debt (debt minus cash) is 1.3B EUR. That is 1.88 times its EBITDA; the Basic Materials median is 1.41.
Does Vicat pay a dividend?
Yes: its dividend yield is 3.46% and it pays out 31% of its earnings.
How has Vicat stock performed over the last year?
It has fallen 1.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 57.00 and 81.70 EUR. Past performance does not guarantee future results.
What do analysts think of Vicat?
4 analysts cover it; their average recommendation is “Strong buy” and their average target is 84.75 EUR (+46.6% versus the price). It is an estimate, not market data.