- EBIT Outperformance: Vinci’s 1H EBIT was EU3.87 billion, surpassing the estimate of EU3.68 billion.
- Segment Performance:
- Concessions EBIT: EU2.58 billion (Estimate: EU2.56 billion)
- Energies EBIT: EU671 million (Estimate: EU662.8 million)
- Cobra IS EBIT: EU257 million (Estimate: EU249.8 million)
- Construction EBIT: EU324 million (Estimate: EU332 million)
- Revenue Highlights:
- Concessions Revenue: EU5.34 billion (Estimate: EU5.26 billion)
- Energies Revenue: EU9.55 billion (Estimate: EU9.58 billion)
- Cobra IS Revenue: EU3.31 billion (Estimate: EU3.3 billion)
- Construction Revenue: EU15.29 billion (Estimate: EU15.36 billion)
- Immobilier Revenue: EU506 million (Estimate: EU481 million)
- Net Income: EU2.00 billion (Meeting the estimate of EU2 billion)
- Free Cash Flow: EU361 million (Estimate: Negative EU131.7 million)
- Future Outlook:
- VINCI expects total revenue to rise in 2024, but growth will be more limited than in 2023.
- Cobra IS anticipates further revenue growth and an increase in operating margin due to a large order book and strong first-half performance.
- VINCI Autoroutes now predicts stable traffic levels compared to previous expectations of a slight rise, due to first-half disruptions.
- Analyst Recommendations:
- 22 Buys
- 3 Holds
- 2 Sells
A look at Vinci SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Vinci SA shows promising long-term prospects. With a high Growth score of 5, the company is positioned for strong future expansion and development. This indicates that Vinci SA has the potential to grow its business significantly in the coming years, reflecting positively on its overall outlook.
Additionally, Vinci SA scored a 4 in Dividend and a 3 in both Value and Resilience, showcasing a solid foundation for steady dividend payments, relative value in the market, and resilience in the face of challenges. Although Momentum scored a 3, the overall positive outlook on growth and dividends positions Vinci SA as a notable player in the global concessions and construction industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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