Vicat Shares Drop to a Multi-Month Low of 60.30 Euros, RSI in Extreme Zone
Vicat's stock significantly retreated this Thursday morning, dropping 3.37% to 60.30 euros in early trading. This decline is part of a pronounced downward trend, with the stock losing nearly 7% over a week and more than 20% in three months. The session takes place in a context of generalized weakness on the Parisian market, with the CAC 40 down 1.64% during the session.
Breaking Support Levels and Entering Oversold Territory
Vicat's share price has broken below the support threshold identified at 61.30 euros, settling at 60.30 euros, a level not tested for several months. This break occurs while the stock is already significantly below its 20-day (67.80 euros), 50-day (73.42 euros), and 200-day (65.62 euros) moving averages, indicating a bearish trend across all time horizons. The RSI, an indicator measuring the speed and magnitude of price movements, has plunged to 21, a level characteristic of an oversold zone. This state signals that selling pressure has been particularly intense in recent weeks, without any technical rebound materializing. The price is also approaching the lower boundary of the Bollinger Bands, set at 57.97 euros, confirming the magnitude of the ongoing correction. The SBF 120, an index that includes the cement company, is down 1.65% in the session, illustrating an unpropitious market environment this morning.
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The next major event for shareholders of the Isère-based cement group is scheduled for April 10 with the 2026 general assembly, followed by the release of the first quarter revenue on May 4. These dates could provide clarity on Vicat's operational trajectory after a challenging quarter in the stock market. Despite the recent correction, the stock still shows a nearly 19% increase over the year, reflecting a previously favorable trajectory before the recent downturn. The beta of 0.17 historically indicates a low sensitivity of the stock to general market fluctuations, which makes the current decline even more notable. Among industrial stocks listed in Paris, the downward movement is not isolated this morning: Schneider Electric is down 3.26% and Airbus drops 2.81%, in a climate of caution on European markets.
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Context
Period
Period: 1S2026
Key reported figures
Revenue: 2036M€
EBITDA: 367M€
EBITDA margin: 18,0%
Net income: 133M€
Free cash flow: -36M€
1327M€
Guidance from the release
Une nouvelle fois, le Groupe livre de solides résultats, portés par des hausses de prix dans la quasi-totalité des géographies, la confirmation de la reprise des volumes aux États-Unis et la très bonne dynamique des pays émergents.
Vicat affiche une croissance organique du chiffre d'affaires de +10,8 % (+8,0 % en publié, effet de change défavorable de -69 M€) et un EBITDA en hausse de +13,6 % à périmètre et change constants, avec une marge portée à 18,0 %. La performance est tirée par l'Afrique (Sénégal, four 6), le Brésil, l'Égypte et le Kazakhstan, tandis que l'Europe reste résiliente et que les États-Unis et l'Inde reculent en rentabilité. Le cash-flow libre est négatif à -36 M€ du fait de la saisonnalité et du besoin en fonds de roulement, mais l'endettement net baisse sur un an à 1 327 M€ (leverage 1,65x). Les objectifs 2026 sont relevés.
Risks mentioned
Hausse des coûts de l'énergie devant se matérialiser davantage au second semestre
Effets de change défavorables (dollar, roupie indienne, livres turque et égyptienne)
Visibilité limitée aux États-Unis et en Inde, prix volatils et concurrence tendue
Contexte géopolitique au Moyen-Orient pouvant affecter l'activité et la logistique
Opportunities identified
Contribution en année pleine du four 6 au Sénégal améliorant les coûts de production
Hausses de prix annoncées aux États-Unis à compter de l'été
Acquisition d'Araïko renforçant les capacités en intelligence artificielle industrielle
Demande liée aux data centers dans le Sud-Est des États-Unis
Projet Catch4climate : démarrage du démonstrateur oxyfuel de seconde génération
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.