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Vinci SA
(DG)
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Rating:73Outperform
Price Target:
€138.00
▲(0.36% Upside)
Action:Reiterated
Date:02/18/26
The score is driven primarily by solid financial performance (consistent revenue expansion, improved margins, and strong cash generation), tempered by elevated leverage and incomplete latest-year leverage/cash-quality metrics. Technicals are bullish but overbought, while valuation is supportive with a reasonable P/E and attractive dividend yield.
Positive Factors
Diversified business model
Vinci's mix of long-term concessions (toll roads, airports) and contracting/services balances cyclicality: concessions provide regulated, multi-year cash flows while contracting and services offer project upside and recurring maintenance revenue, supporting durable revenue stability and risk diversification.
Negative Factors
Elevated leverage
Rising absolute debt and historically high debt-to-equity (>1x) constrain financial flexibility and increase interest and refinancing risk. In a downturn or with higher rates, elevated leverage can pressure investment plans, concession funding and limit strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Vinci's mix of long-term concessions (toll roads, airports) and contracting/services balances cyclicality: concessions provide regulated, multi-year cash flows while contracting and services offer project upside and recurring maintenance revenue, supporting durable revenue stability and risk diversification.
Read all positive factors
Vinci SA (DG) vs. iShares MSCI France ETF (EWQ)
Market Cap
€71.85B
Dividend Yield3.96%
Average Volume (3M)841.63K
Price to Earnings (P/E)14.5
Beta (1Y)0.95
Revenue Growth4.02%
EPS Growth2.65%
CountryFR
Employees282,481
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)8.76
Shares Outstanding585,891,700
10 Day Avg. Volume986,154
30 Day Avg. Volume841,632
Financial Highlights & Ratios
PEG Ratio5.08
Price to Book (P/B)2.19
Price to Sales (P/S)0.89
P/FCF Ratio8.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€145.29Price Target Upside5.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)9.16
Revenue Forecast (FY)€76.76B
Vinci SA Business Overview & Revenue Model
Company Description
Vinci S.A., founded in 1899 and based in Nanterre, France, operates primarily within the concessions, energy, and construction sectors. While its roots are deeply in France, the company also maintains an extensive international presence. In its Co...
How the Company Makes Money
Vinci makes money primarily through (1) concessions revenue and (2) contracting and services revenue.
1) Concessions (long-term infrastructure operation)
- Toll road concessions: Vinci earns revenue from tolls paid by road users on motorway asset...
Vinci SA Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.37B | 72.77B | 69.89B | 62.51B | 50.23B |
| Gross Profit | 11.00B | 42.34B | 9.65B | 8.05B | 6.81B |
| EBITDA | 12.98B | 12.78B | 11.99B | 10.54B | 7.79B |
| Net Income | 4.90B | 4.86B | 4.70B | 4.26B | 2.60B |
Balance Sheet | |||||
| Total Assets | 133.06B | 129.49B | 118.56B | 111.99B | 100.82B |
| Cash, Cash Equivalents and Short-Term Investments | 18.50B | 16.17B | 16.17B | 13.33B | 11.27B |
| Total Debt | 37.69B | 36.26B | 31.42B | 31.02B | 33.77B |
| Total Liabilities | 98.74B | 95.46B | 86.52B | 82.58B | 76.05B |
| Stockholders Equity | 30.75B | 29.95B | 28.11B | 25.94B | 22.88B |
Cash Flow | |||||
| Free Cash Flow | 8.01B | 7.66B | 7.21B | 5.89B | 5.74B |
| Operating Cash Flow | 11.89B | 11.71B | 10.54B | 9.39B | 7.81B |
| Investing Cash Flow | -5.26B | -9.05B | -3.98B | -5.30B | -5.80B |
| Financing Cash Flow | -4.27B | -3.03B | -3.43B | -2.78B | -3.26B |
Vinci SA Technical Analysis
Neutral
137.50
Price Trends
126.68
Positive
128.09
Negative
121.90
Positive
Market Momentum
0.41
Positive
49.19
Neutral
21.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:DG, the sentiment is Neutral. The current price of 137.5 is above the 20-day moving average (MA) of 127.34, above the 50-day MA of 126.68, and above the 200-day MA of 121.90, indicating a neutral trend. The MACD of 0.41 indicates Positive momentum. The RSI at 49.19 is Neutral, neither overbought nor oversold. The STOCH value of 21.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:DG.
Vinci SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €71.85B | 14.49 | 16.66% | 3.96% | 4.02% | 2.65% | |
69 Neutral | €12.39B | 11.62 | 14.39% | 3.87% | 8.75% | -2.33% | |
61 Neutral | €26.71B | 21.98 | 15.69% | 4.77% | -0.66% | 9.47% | |
59 Neutral | €18.62B | 15.14 | 8.45% | 4.51% | -0.96% | 13.16% | |
56 Neutral | €8.47B | 191.94 | 8.70% | 2.14% | 4.81% | -35.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €604.55M | 80.39 | 2.60% | 2.41% | 7.41% | -9.10% |
* General Sector Average
FR:DG
Vinci SA
127.90
8.31
6.95%
FR:ASY
Assystem
42.30
1.00
2.42%
FR:EN
Bouygues
48.33
10.87
29.01%
FR:FGR
Eiffage
129.60
17.19
15.29%
FR:SPIE
SPIE SA
52.75
6.92
15.11%
FR:VIE
Veolia Environnement
37.51
8.31
28.45%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.