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Vicat

DB:4HM
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4HM
DB
€1B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Vicat SA produces and sells cement, ready-mixed concrete, and aggregates. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Vicat has significant price volatility in the past 3 months.
4HM Share Price and Events
7 Day Returns
1.9%
DB:4HM
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
-45.9%
DB:4HM
-26.7%
Europe Basic Materials
-16.6%
DE Market
4HM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vicat (4HM) 1.9% -25.4% -39.1% -45.9% -62.9% -62.8%
Europe Basic Materials 6.6% -18.2% -32.2% -26.7% -36.7% -34%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 4HM underperformed the Basic Materials industry which returned -26.7% over the past year.
  • 4HM underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
4HM
Industry
5yr Volatility vs Market
Related Companies

4HM Value

 Is Vicat undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vicat to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vicat.

DB:4HM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:4HM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 33%) (156.59%))
1.452
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.452 * 6.07%)
8.43%

Discounted Cash Flow Calculation for DB:4HM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vicat is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:4HM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.43%)
2020 161.33 Analyst x4 148.79
2021 85.03 Analyst x3 72.33
2022 140.69 Analyst x2 110.37
2023 127.99 Est @ -9.02% 92.61
2024 119.76 Est @ -6.43% 79.92
2025 114.23 Est @ -4.62% 70.30
2026 110.40 Est @ -3.35% 62.67
2027 107.68 Est @ -2.46% 56.37
2028 105.70 Est @ -1.84% 51.04
2029 104.21 Est @ -1.41% 46.41
Present value of next 10 years cash flows €790.00
DB:4HM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €104.21 × (1 + -0.39%) ÷ (8.43% – -0.39%)
€1,177.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,177.50 ÷ (1 + 8.43%)10
€524.38
DB:4HM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €790.00 + €524.38
€1,314.38
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,314.38 / 44.25
€29.71
DB:4HM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4HM represents 0.98x of ENXTPA:VCT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 29.71 x 0.98
€29.11
Value per share (EUR) From above. €29.11
Current discount Discount to share price of €24.50
= -1 x (€24.50 - €29.11) / €29.11
15.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Vicat is available for.
Intrinsic value
16%
Share price is €24.5 vs Future cash flow value of €29.11
Current Discount Checks
For Vicat to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vicat's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Vicat's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vicat's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vicat's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4HM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €3.31
ENXTPA:VCT Share Price ** ENXTPA (2020-04-07) in EUR €25
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.52x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vicat.

DB:4HM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:VCT Share Price ÷ EPS (both in EUR)

= 25 ÷ 3.31

7.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vicat is good value based on earnings compared to the Europe Basic Materials industry average.
  • Vicat is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Vicat's expected growth come at a high price?
Raw Data
DB:4HM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
3.5%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:4HM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.55x ÷ 3.5%

2.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vicat is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Vicat's assets?
Raw Data
DB:4HM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €52.68
ENXTPA:VCT Share Price * ENXTPA (2020-04-07) in EUR €25
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.85x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:4HM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:VCT Share Price ÷ Book Value per Share (both in EUR)

= 25 ÷ 52.68

0.47x

* Primary Listing of Vicat.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vicat is good value based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess Vicat's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Vicat has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4HM Future Performance

 How is Vicat expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vicat expected to grow at an attractive rate?
  • Vicat's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Vicat's earnings growth is positive but not above the Germany market average.
  • Vicat's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4HM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4HM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 3.5%
DB:4HM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1.7%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:4HM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4HM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,697 163 1
2021-12-31 2,905 399 153 5
2020-12-31 2,638 420 130 2
2020-04-07
DB:4HM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 2,740 382 149
2019-09-30 2,690 344 143
2019-06-30 2,641 256 139
2019-03-31 2,612 294 145
2018-12-31 2,582 382 149
2018-09-30 2,590 388 155
2018-06-30 2,597 420 160
2018-03-31 2,580 382 151
2017-12-31 2,563 343 142
2017-09-30 2,514 323 137
2017-06-30 2,464 303 131
2017-03-31 2,459 345 135

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vicat's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
  • Vicat's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:4HM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Vicat Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4HM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.60 4.10 3.10 2.00
2021-12-31 3.36 4.08 2.66 4.00
2020-12-31 2.91 3.50 2.45 3.00
2020-04-07
DB:4HM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 3.31
2019-09-30 3.19
2019-06-30 3.11
2019-03-31 3.24
2018-12-31 3.32
2018-09-30 3.46
2018-06-30 3.57
2018-03-31 3.37
2017-12-31 3.17
2017-09-30 3.05
2017-06-30 2.92
2017-03-31 3.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Vicat is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vicat's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vicat has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4HM Past Performance

  How has Vicat performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vicat's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vicat's year on year earnings growth rate has been positive over the past 5 years.
  • Vicat's 1-year earnings growth is less than its 5-year average (-0% vs 5.1%)
  • Vicat's earnings growth has not exceeded the Europe Basic Materials industry average in the past year (-0% vs 20.8%).
Earnings and Revenue History
Vicat's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vicat Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4HM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,739.99 148.82 475.40
2019-09-30 2,690.48 142.84 462.73
2019-06-30 2,640.96 139.08 339.30
2019-03-31 2,611.71 145.09 328.75
2018-12-31 2,582.47 148.88 428.96
2018-09-30 2,589.75 155.34 314.77
2018-06-30 2,597.04 160.33 311.33
2018-03-31 2,580.25 151.25 312.83
2017-12-31 2,563.46 142.18 314.32
2017-09-30 2,513.73 136.52 316.23
2017-06-30 2,464.00 130.86 318.13
2017-03-31 2,458.89 134.96 312.65
2016-12-31 2,453.77 139.07 307.16
2016-09-30 2,453.28 135.90 356.31
2016-06-30 2,452.79 132.73 405.45
2016-03-31 2,455.35 125.50 406.42
2015-12-31 2,457.90 118.27 407.40
2015-09-30 2,452.70 114.89 400.07
2015-06-30 2,447.50 111.51 392.74
2015-03-31 2,435.13 119.99 383.01
2014-12-31 2,422.75 128.48 373.29
2014-09-30 2,389.43 122.29 324.41
2014-06-30 2,356.11 116.10 275.54
2014-03-31 2,321.05 118.18 273.35
2013-12-31 2,285.98 120.26 271.16
2013-09-30 2,298.56 126.43 270.16
2013-06-30 2,311.13 132.60 269.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vicat has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vicat used its assets less efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • Vicat's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vicat's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vicat has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4HM Health

 How is Vicat's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vicat's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vicat is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vicat's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vicat's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vicat Company Filings, last reported 3 months ago.

DB:4HM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,595.94 1,493.86 398.51
2019-09-30 2,595.94 1,493.86 398.51
2019-06-30 2,461.00 1,590.61 326.40
2019-03-31 2,461.00 1,590.61 326.40
2018-12-31 2,480.74 1,028.41 314.63
2018-09-30 2,492.44 1,028.59 314.63
2018-06-30 2,338.65 1,186.93 278.43
2018-03-31 2,338.65 1,186.93 278.43
2017-12-31 2,409.56 1,061.07 265.36
2017-09-30 2,409.56 1,061.07 265.36
2017-06-30 2,404.91 1,265.97 226.52
2017-03-31 2,404.91 1,265.97 226.52
2016-12-31 2,470.17 1,224.56 242.77
2016-09-30 2,470.17 1,224.56 242.77
2016-06-30 2,412.76 1,300.27 178.64
2016-03-31 2,412.76 1,300.27 178.64
2015-12-31 2,529.70 1,334.28 254.37
2015-09-30 2,529.70 1,334.28 254.37
2015-06-30 2,544.77 1,498.13 234.45
2015-03-31 2,544.77 1,498.13 234.45
2014-12-31 2,459.29 1,334.75 268.20
2014-09-30 2,459.29 1,334.75 268.20
2014-06-30 2,246.10 1,456.97 231.77
2014-03-31 2,246.10 1,456.97 231.77
2013-12-31 2,291.97 1,357.04 241.91
2013-09-30 2,291.97 1,357.04 241.91
2013-06-30 2,329.50 1,483.41 206.98
  • Vicat's level of debt (57.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54.3% vs 57.5% today).
  • Debt is well covered by operating cash flow (25.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Vicat's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vicat has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4HM Dividends

 What is Vicat's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6%
Current annual income from Vicat dividends. Estimated to be 6.24% next year.
If you bought €2,000 of Vicat shares you are expected to receive €120 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Vicat's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Vicat's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase Vicat before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:4HM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:4HM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.50 3.00
2021-12-31 1.64 6.00
2020-12-31 1.50 5.00
2020-04-07
DB:4HM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-09 1.500 6.055
2019-04-11 1.500 3.693
2018-03-02 1.500 2.996
2018-02-19 1.500 2.270
2017-03-07 1.500 2.345
2017-02-27 1.500 2.430
2016-03-21 1.500 2.676
2016-03-14 1.500 2.687
2015-03-10 1.500 2.560
2014-03-10 1.500 2.566
2013-04-30 1.500 2.907
2012-08-06 1.500 3.429
2012-03-13 1.500 3.677
2012-03-12 1.500 2.913
2011-03-02 1.500 2.997
2011-02-28 1.500 2.428
2010-03-09 1.500 2.694
2010-03-05 1.500 2.625

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Vicat's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Vicat's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vicat afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vicat has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4HM Management

 What is the CEO of Vicat's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Guy Sidos
COMPENSATION €300,000
AGE 56
TENURE AS CEO 12.3 years
CEO Bio

Mr. Guy Sidos has been the Chief Executive Officer of Vicat SA since 2008 and has been its Chairman since March 2014 and served as its Chief Operating Officer. Mr. Sidos serves as the Chief Executive Officer of National Cement Company. He serves as Vice Chairman of Board of Directors at Sinai Cement Company SAE. Mr. Sidos has been a Director for Vicat SA since June 11, 1999. He serves as a Non-Executive Director of Bharathi Cement Corporation Limited and Sococim Industries & Vigier Holding.

CEO Compensation
  • Guy's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Guy's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Vicat management team in years:

4.1
Average Tenure
56
Average Age
  • The tenure for the Vicat management team is about average.
Management Team

Guy Sidos

TITLE
Chairman of the Board & CEO
COMPENSATION
€300K
AGE
56
TENURE
12.3 yrs

Didier Petetin

TITLE
COO & Senior Executive in charge of business in France (excluding Paper)
COMPENSATION
€86K
AGE
52
TENURE
5.1 yrs

Hugues Chomel

TITLE
Chief Financial Officer
TENURE
1.6 yrs

Eric Bourdon

TITLE
Senior EVP
AGE
51

Stéphane Bisseuil

TITLE
Director of Financial Communication & Investor Relations

Philippe Chiorra

TITLE
Senior EVP & Chief Legal Officer
AGE
62
TENURE
4.1 yrs

Nathalie Carraz

TITLE
Communication Manager

Christophe Bérenger

TITLE
Human Relations Manager

Eric Holard

TITLE
Senior EVP & Country Director of USA
AGE
58
TENURE
4.1 yrs

Severine Payot

TITLE
Chief Digital Officer
Board of Directors Tenure

Average tenure and age of the Vicat board of directors in years:

8
Average Tenure
57.5
Average Age
  • The tenure for the Vicat board of directors is about average.
Board of Directors

Guy Sidos

TITLE
Chairman of the Board & CEO
COMPENSATION
€300K
AGE
56
TENURE
6.1 yrs

Jacques Merceron-Vicat

TITLE
Honorary Chairman
COMPENSATION
€26K
AGE
81
TENURE
5.9 yrs

Jacques Le Mercier

TITLE
Director
COMPENSATION
€37K
AGE
74
TENURE
12.7 yrs

Xavier Chalandon

TITLE
Independent Director
COMPENSATION
€37K
AGE
69
TENURE
10 yrs

Louis Merceron-Vicat

TITLE
Director
COMPENSATION
€26K
AGE
49
TENURE
20.8 yrs

Sophie Sidos

TITLE
Director
COMPENSATION
€26K
AGE
50
TENURE
12.7 yrs

Bruno Salmon

TITLE
Independent Director
COMPENSATION
€30K
AGE
69
TENURE
10.9 yrs

Sophie Fegueux

TITLE
Director
COMPENSATION
€26K
AGE
59
TENURE
5.9 yrs

Delphine Andre

TITLE
Independent Director
COMPENSATION
€33K
AGE
52
TENURE
4.9 yrs

Eleonore Sidos

TITLE
Director
COMPENSATION
€33K
AGE
21
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Vicat's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vicat has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4HM News

Simply Wall St News

4HM Company Info

Description

Vicat SA produces and sells cement, ready-mixed concrete, and aggregates. The company operates in three segments: Cement, Concrete & Aggregates, and Other Products & Services. It offers various cement products, including Portland cement, Portland composite cement, blast furnace cement, slag cement, and Pozzolan cement for the general contractors, such as concrete mixers; manufacturers of precast concrete products; construction and public works contractors; local authorities; residential property developers or master masons; and construction material wholesalers or retail chains. The company also provides ready-mixed concrete comprising standard and special concrete for the construction and public works contractors, including construction groups, house building companies, farmers, or private individuals, as well as for the decorative, self-consolidating, pervious, 3D printing, roads, architecture, bridges or tunnels, and other applications; aggregates, such as sands and gravel products for the ready-mixed concrete and precast concrete products manufacturers, public works and road construction contractors, farmers, and private individuals; and precast concrete products. In addition, it offers construction chemicals for the use in exterior wall coatings, mortar and traditional concretes, tiling adhesives, and thermal insulation products, as well as for the products used to repair floors and walls; adhesives, surfacing compounds, and premixed mortars; printing/writing paper; and paper bags for the agro-food, chemical, and construction sectors. Further, the company provides various services comprising logistics, transportation, concrete pumping, and engineering and quality control services. It operates in France, Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan, India, and Brazil. Vicat SA was founded in 1853 and is headquartered in Paris, France.

Details
Name: Vicat SA
4HM
Exchange: DB
Founded: 1853
€1,106,182,950
44,247,318
Website: http://www.vicat.fr
Address: Vicat SA
Tour Manhattan,
6, place de lIris,
Paris,
Ile-de-France, 92095,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA VCT Common Stock Euronext Paris FR EUR 02. Jan 1992
DB 4HM Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MGJ Common Stock London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE VCTP Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
9,847
Vicat employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:18
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.