The cement company's stock is showing an increase of 3.36% at mid-session, bringing its price to 61.60 euros from 59.60 euros the previous day. This performance is part of a positive short-term dynamic, with a gain of 3.01% over the past week. Over a broader horizon, the stock continues a remarkable upward trajectory, appreciating 71.59% over twelve months, compared to just 7.37% for the CAC 40 over the same period. However, trading volumes remain particularly low, representing 0.03% of the capital, indicating limited activity at this mid-session. Additionally, the negative beta coefficient of -0.22 highlights an unusual decorrelation with the movements of the Paris market, which itself is up by 0.19% this Thursday.
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Technically, the stock is now very close to its resistance zone established at 62 euros, a threshold that coincides with the upper limit of the Bollinger bands set at 61.62 euros. This configuration suggests that the stock is currently testing the upper end of its recent fluctuation channel. The price is also above its 50-day moving average (59.63 euros) as well as its 200-day moving average (52.77 euros), confirming the underlying bullish trend. However, several momentum indicators provide mixed signals: the Relative Strength Index (RSI) is at 47, a neutral level that does not lean towards overbuying or overselling. The MACD, a moving average convergence-divergence indicator, remains in negative territory with a line at -0.10 and a histogram at -0.11, indicating a persistent bearish dynamic despite today's rebound.
The divergence between the observed rise and the momentum signals reflects a phase of technical consolidation, as suggested by a recent analysis published at the beginning of the week. Nevertheless, the stochastic oscillator generates a buy signal, while the Chaikin Money Flow remains slightly positive at 0.05, indicating a modest but present buying flow. The monthly volatility of the stock, measured at 7.15%, remains contained, which may partly explain the limited amplitude of daily movements. No specific news has been identified today or the day before that could explain this morning's progression, which could be part of a short-term technical movement within the range established between the support at 57.70 euros and the resistance tested today.
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.