Vinci: From Undervalued To Outperformer - What Now?

  • Vinci S.A. has significantly outperformed the market with a 50% increase, driven by its strong concession and energy segments, warranting a "Buy" rating. The company's diversified portfolio, including toll roads and airports, provides a stable investment with a 3.8% dividend yield and solid order book visibility. Despite French government taxes, Vinci's core construction business and strategic capital allocation in renewables and infrastructure ensure continued growth and margin protection.