Vinci SA
DG: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| W#c | LOCK|frSB | LOCK|^mv>>^ |
Vinci Earnings: One-Off Tax Overshadows Strong Results; Shares Slightly Undervalued
The introduction of a one-off additional tax on large corporations by the French government was the driver behind Vinci's 4% decline in first-half 2025 EPS to EUR 3.34. On a constant-tax basis, EPS would have risen by an impressive 12% year over year during the first half.
