Vinci’s strategy to extend the maturity of its concession portfolio by adding freehold or long-dated airport concessions will maintain the defensiveness of its revenue stream. The group's portfolio of long-dated concession assets, such as toll roads and airports (62% of operating profits), is difficult to replicate and provides a stable source of income.
Vinci’s portfolio of diversified concession assets is a unique opportunity for investors to own irreplaceable infrastructure across multiple assets. Returns are supported by long-term concession contracts with tariffs being contractually tied to inflation.
The high operating margins Vinci earns on its transport infrastructure have caught the attention of regulators, evident by the new transport tax imposed in France, and have lowered the likelihood of concession extensions on favorable terms.
|
Metric
|
DG
|
EN
|
ALX
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.16 | 12.74 | 29.60 |
Price/Book Value | 1.91 | 1.26 | 1.05 |
Price/Sales | 0.78 | 0.28 | 35.30 |
Price/Cash Flow | 6.17 | 3.64 | 73.82 |
|
Metric
|
DG
|
EN
|
ALX
|
|---|---|---|---|
Quick Ratio | 0.62 | 0.79 | 0.71 |
Current Ratio | 0.83 | 0.89 | 0.75 |
Interest Coverage | 6.00 | 4.76 | 1.11 |
|
Metric
|
DG
|
EN
|
ALX
|
|---|---|---|---|
Return on Assets (Normalized) | 3.95% | 2.14% | 1.42% |
Return on Equity (Normalized) | 17.50% | 10.73% | 2.24% |
Return on Invested Capital (Normalized) | 8.80% | 5.46% | 2.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Quanta Services Inc
PWR
| LOCK|F!mj?TS | LOCK|WVm | $100B | |||
| Vinci SA ADR
VCISY
| — | LOCK|%C&! | $66B | |||
| Vinci SA
VCISF
| — | LOCK|x#Qb$ | $66B | |||
| Comfort Systems USA Inc
FIX
| — | LOCK|!$dr | $59B | |||
| Larsen & Toubro Ltd DR
LTOUF
| — | LOCK|&P | $53B | |||
| Ferrovial NV
FER
| LOCK|K&%xvLJ | LOCK|?Cs | $38B | |||
| MasTec Inc
MTZ
| LOCK|%!l!n>j | LOCK|Z?> | $17B | |||
| Jacobs Solutions Inc
J
| LOCK|J#@!Cr | LOCK|@#y | $16B | |||
| AECOM
ACM
| LOCK|b&f<R! | LOCK|XM | $8B | |||
| Fluor Corp
FLR
| LOCK|!b%V@wC | LOCK|$g< | $7B |
United States