Vicat stock rebounds by more than 2% and returns among SBF 120 gainers
The Isère-based cement manufacturer erases yesterday's decline and gains ground this Friday, in a European market clearly oriented upward. Weekly momentum remains positive, bringing performance over seven days to more than 3% and over one month to more than 9%.
A rebound that places Vicat back in the SBF 120 gainers group
The Vicat stock gains 2.15% to €66.40 during the session, after losing ground on Thursday. This movement places the security among the strongest gainers of the SBF 120, on a day when the broad index itself advances by around 1%. The CAC 40 advances at the same time by 1.06%, in a context of low volatility (VIX at 14.54, declining compared to the previous day), which testifies to a well-oriented session on European exchanges.
Friday's rebound is part of a solid monthly trend. Half-year results published at the end of July, which showed revenue up 10.8% to €2,036 million and EBITDA rising 13.6%, had given a lasting boost to the stock. Over one year, the increase reaches 10.3%, a sign of progressive revaluation of the file. According to the consensus of analysts surveyed, the stock is trading around 9.9 times expected earnings for the current fiscal year, and 8.9 times those of the following year, with earnings per share growth projected at nearly 12%.
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From a technical levels perspective, the session's gains reposition Vicat above its two short and medium-term moving averages. The 20-day MA at €65.46 and the 50-day MA at €64.16 are both below the current price, with respective gaps of 1.44% and 3.49%. The stock thus reclaims ground lost during Thursday's decline, which had briefly taken it back below the 20-day MA.
The resistance to watch remains set at €68.70, slightly more than 3% above the current price. Between the two lies the 200-day MA at €67.54, slightly above the price (gap of -1.69%), which constitutes the next zone to break through to validate more durable momentum. The RSI at 51 remains in neutral territory, with no overbought signal, which leaves room before reaching resistance. Support remains identified at €59.80. Analysts' views on the security constitute an additional benchmark to follow to assess the residual potential of the file.
SectorImmobilier / construction · Industrie · Matériaux / matières premières · BTP / infrastructures›Ciment
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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.