Vinci SA
DG: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$> | LOCK|@<#s | LOCK|f?DkgYW |
Vinci Is WellPositioned for Rising Air Travel and Infrastructure Investment; Raising Valuation
Business Strategy and Outlook
Vinci’s strategy to extend the maturity of its concession portfolio by adding freehold or long-dated airport concessions will maintain the defensiveness of its revenue stream. The group's portfolio of long-dated concession assets, such as toll roads and airports (62% of operating profits), is difficult to replicate and provides a stable source of income.
