Vinci (DG.PA): analysis in plain words
Is Vinci cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Vinci (DG.PA) is listed on Euronext Paris and we classify it in construction and infrastructure. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Vinci according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Vinci (DG.PA) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €111.45 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 12.4x | Price over earnings per share |
| Revenue growth | +2.3% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 6.7% | Profit for every 100 of sales |
| Net debt / EBITDA | 2.0x | Years of operating profit to repay debt |
| Dividend yield | 4.64% | Annual dividend over price |
| Market cap | €61.3 billion | What the stock market values it at |
The Vinci figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any DG.PA figure that is not available shows as N/A: we do not estimate it.
How Vinci makes money
Vinci has two main businesses: Concessions, with Vinci Autoroutes (toll roads in France) and Vinci Airports, which delivers much of its profit; and Energy and Construction, made up of Vinci Energies, Cobra IS and Vinci Construction, which bring in most of its revenue from building and installation work for companies and governments.
Over the last 12 months, Vinci brought in revenue of €75.7 billion. For every 100 it sells, Vinci keeps 17.0 after the direct cost of what it sells (gross margin) and 11.2 after all operating costs (operating margin). With 292,101 full-time employees, that is about €259,000 of revenue per employee.
Vinci against its sector
To know whether a Vinci figure is high or low you have to put it next to similar companies. This table compares Vinci with the median of the 6 construction and infrastructure companies Fintols covers, with data as of November 4, 2026.
| Figure | Vinci | construction and infrastructure median |
|---|---|---|
| P/E | 12.4x | 21.7x (6) |
| Revenue growth | +2.3% | +4.6% (6) |
| Net margin | 6.7% | 4.3% (6) |
| Dividend yield | 4.64% | 3.00% (6) |
| Net debt / EBITDA | 2.0x | 3.2x (6) |
In short, against the typical construction and infrastructure company, Vinci trades on a lower P/E, grows more slowly and earns a wider margin. By size, Vinci ranks number 1 of 6 construction and infrastructure companies quoted in EUR on Fintols.
The bull case for Vinci
What works in favour of Vinci, according to its figures as of November 4, 2026:
- Vinci generates real cash: €8.1 billion of free cash flow over 12 months, 13.2% of its stock market value.
- For income seekers, Vinci pays a dividend yielding 4.64% at today's price, using 55% of its profit to fund it.
- On a P/E basis Vinci trades cheaper than its sector: 12.4x its annual earnings, against 21.7x for the construction and infrastructure median (6 companies with data).
The main risk for Vinci
The Vinci figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: cost overruns on big projects and interest rates, because its concessions are funded with debt.
Frequently asked questions about Vinci
Is it a good time to buy Vinci stock?
Fintols does not tell you whether to buy or sell Vinci, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Vinci stock trades at €111.45, 22% below its 52-week high (€143.15) and 7% above its low (€104.25). Its P/E is 12.4x against a construction and infrastructure median of 21.7x, and 11.2x on the earnings analysts expect over the next 12 months. With Vinci, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Vinci pay a dividend?
Yes. As of November 4, 2026, Vinci pays €5.05 per share a year, which at today's price is a yield of 4.64%. It uses 55% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 3.59%. The construction and infrastructure median on Fintols is 3.00%.
Is Vinci stock expensive?
It depends on what you compare it with. On P/E, Vinci trades at 12.4x its last 12 months of earnings: cheaper than the construction and infrastructure median (21.7x). Including its debt, Vinci is valued at 7.0x its EBITDA (EV/EBITDA). A high P/E alone does not make Vinci expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Vinci's competitors?
On Fintols we compare Vinci with Ferrovial, Saint-Gobain and ACS, which are also in construction and infrastructure. As of November 4, 2026, Ferrovial is worth €37.7 billion and trades on a P/E of 33.7; Saint-Gobain is worth €35.5 billion and trades on a P/E of 13.5; ACS is worth €22.8 billion and trades on a P/E of 19.1. Each has a side-by-side comparison with Vinci below.
Vinci competitors
- Ferrovial (FER) analysis · Vinci vs Ferrovial comparison
- Saint-Gobain (SGO.PA) analysis · Vinci vs Saint-Gobain comparison
- ACS (ACS) analysis · Vinci vs ACS comparison
To understand Vinci better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Vinci: construction and infrastructure stocks and Euro Stoxx 50 companies. Open the full DG.PA analysis with its valuation and scenarios. Educational content about Vinci, not investment advice.