Vinci S.A.

Vinci is engaged in building, civil engineering and facilities management. Through its subsidiaries, Co. is engaged in five divisions comprising of: the Building division which provides retail solutions including construction and fit-out in both the retail and commercial sectors; the Civil Engineering division; the Air division which provides program management, engineering and construction services to customers with airport infrastructure requirements; the Technology division; and the VINCI Facilities division which provides facilities management, repair and maintenance and small works in both the private and public sectors.
  • TickerDG
  • ISINFR0000125486
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Nurhayati Wan
Nurhayati Wan

VINCI SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of VINCI SA (FR), a company active in the Heavy Construction industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 7, 2020, the closing price was EUR 103.65 and its potential was estimated at EUR 108.83.

Nurhayati Wan
Nurhayati Wan
Sven Edelfelt ...
  • Virginie Rousseau

Vinci : Is another good year in prospect in 2020?

>Some scattered cloud only just in sight in 2020 - After the good earnings release for 2019 (see our article published on 5 February), Vinci’s management seemed fairly confident about the 2020 outlook despite a comparison base effect which is becoming more difficult in most businesses.The group is expecting growth in motorway traffic to be “in line with GDP growth” (ODDO BHF +1%). While the comparison base effect is set to be difficult in Q4 2020 (+14.8% in Q4 20...

Sven Edelfelt ...
  • Virginie Rousseau

Vinci : 2020 : encore une bonne année en perspective ?

>A peine quelques nuages éparses au-dessus de 2020 - Après la bonne publication des résultats 2019 (cf notre commentaire du 5 février), le management de Vinci s’est montré assez confiant sur les perspectives 2020 et ce malgré un effet de base qui devient plus difficile dans la plupart de ses métiers :Le groupe anticipe une poursuite de la croissance du trafic autoroutier « en ligne avec la croissance du PIB » (ODDO BHF +1%). Si l’effet de base va être compliqué a...

Oscar Rodriguez

VINCI: MENSAJES DE LA CONFERENCE CALL RDOS. 2019 (ANÁLISIS BANCO SABADELL)

De la conference call de sus Rdos. 2019 destacamos:  Evolución Tráficos. La compañía ha manifestado que dada la buena evolución vista en tráficos en 2019 (+2,8% en Autopistas y +5,7% en Aeropuertos), el crecimiento en 2020 debería continuar desacelerándose ante la elevada base comparable actual.  Evolución en Construcción (35% ventas). DG manifiesta que pese a que los márgenes en 2019 estuvieron por debajo del año anterior (-10 pbs), la compañía manifiesta que la situación en Francia (53% ventas de la división) continúa mejorando y que el peor momento habría pasado, lo que debería dar lugar ...

1 director sold

A director at Vinci sold 11,110 shares at 100.000EUR and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/06/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/02/2020

...

Alfred Glaser ...
  • Delphine Brault
  • Jean Sassus
  • Martial Descoutures
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/05/2020

...

Alfred Glaser ...
  • Delphine Brault
  • Jean Sassus
  • Martial Descoutures
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/02/2020

...

VINCI SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of VINCI SA (FR), a company active in the Heavy Construction industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 7, 2020, the closing price was EUR 103.65 and its potential was estimated at EUR 108.83.

Ibrahim Firdaus
Ibrahim Firdaus
Ibrahim Firdaus
Ibrahim Firdaus
Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

MarketLine Department

Ferrovial, S.A. - Strategy, SWOT and Corporate Finance Report

Summary Ferrovial, S.A. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Ferrovial S.A. (Ferrovial or "the company") is a provider of infrastructure and municipal services. It offers commercial and residential construction, infrastructure, airport management and toll road services. The company carries out building refurbishment; civil engineering; nonresidential,...

MarketLine Department

Egis Group - Strategy, SWOT and Corporate Finance Report

Summary Egis Group - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Egis Group (Egis) provides engineering and construction services. It serves transportation, industry, water, environment, energy, urban development, maritime and building sectors. The company provides project structuring, equity investment, consulting, inspection and certification, mobility servic...

MarketLine Department

STRABAG SE - Strategy, SWOT and Corporate Finance Report

Summary STRABAG SE - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights STRABAG SE (STRABAG) is a provider of construction services. It provides civil engineering, transport infrastructures, and construction materials. The company’s key business activities include railway construction, sewer engineering, pipe and sewer construction, traffic engineering, waterway const...

MarketLine Department

Ellaktor SA - Strategy, SWOT and Corporate Finance Report

Summary Ellaktor SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Ellaktor SA (Ellaktor) is a diversified construction company. It operates in heavy construction, concession, real estate development and management, energy, quarrying, and environment. The company executes infrastructure, building, and solar power construction projects. It also carries out conces...

MarketLine Department

Actividades de Construccion y Servicios S.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Actividades de Construccion y Servicios S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Actividades de Construccion y Servicios S.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an o...

Expert Corporate Governance Service (ECGS)

Vinci April 17th, 2019

ITEMS 8 to 11: The mandate of Josianne Marquez will end after the 2019 General Shareholders’ Meeting and a director should be appointed to represent employee shareholders (8th to 11th items). The company does not provide any information on proposed candidates except which mutual funds proposed their election. It seems legitimate that the Castor mutual fund is represented on the Board as it holds the most important portion of the capital. However, considering the lack of information regarding candidates proposed by the fund (items 8 and 9), we cannot choose between Mrs Muller Joly-Pottuz and Ro...

Jehanne Leroy

Vinci 17 Avril 2019

GouvernanceLe mandat de Josiane Marquez, administrateur représentant les salariés actionnaires, prenant fin à l’issue de l'assemblée générale des actionnaires 2019, il est donc proposé de nommer un administrateur représentant les salariés actionnaires (résolutions 8 à 11). La société ne communique aucune information concernant ces candidats, mis à part par quel fonds ils sont proposés. S'il semble légitime que le FCPE Castor siège au conseil puisque c’est le fonds détenant la plus grande participation, cependant, aucun choix entre Mmes Muller Joly-Pottuz et Rozé ne peut être fait puisque la so...

Vinci - Assemblée générale des actionnaires du 17 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Vinci – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 17/04/2018

ITEM 4: The board proposes to renew the Chairman and CEO, Xavier Huillard. Proxinvest and the ECGS do not support the combination of Chairman and CEO functions. However, some exceptions can be made taking into account the Chairman and CEO’s influence on the company’s governance, stock performance and environmental performance. In Mr Huillard’s case, he maintained a fair shareholders democracy, the board has now a majority of independent members, the share price performance is quite fair (and way better than the CAC 40), and we commend the company’s environmental performance. Hence, we support ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global Equities Beginning a New Leg Higher Positive technical developments have continued and global equities are now breaking out to new highs -- something we noted was increasingly likely in last week's Int'l Compass. These breakouts and other technical developments highlighted below argue that this is the beginning of a new leg higher. Now is the time to be playing offense. • MSCI ACWI, EAFE, and STOXX Europe 600 are Breaking Out. The ACWI, EAFE, and STOXX 600 are making bullish inflections, following in the footsteps of MSCI EM and Japan. The proliferation of breakouts is building a stro...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzerland, Australia, and Canada are all trading at multi-year highs and are among the most attractive coun...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

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