Intuitive Surgical delivered robust Q3 results, with 23% revenue growth and a significant double beat on EPS and revenue. ISRG's valuation remains lofty, trading near fair value despite strong growth and a bullish golden cross technical setup. I maintain a "Hold" rating on ISRG, citing premium multiples, fair value, and technical resistance near $600.
Vinci (VCISY) remains a 'BUY' for me, offering 15-19% annual upside and a 4%+ dividend yield. VCISY's diversified concession and construction portfolio, strong order book, and inflation-linked revenues provide defensive stability amid political and market volatility. Risks include French political decisions, taxation, and sector-specific threats, but these are manageable versus Vinci's robust fundamentals and long-term contracts.
Vinci Compass Investments reported good 3Q25 results, highlighted by cost reductions, margin expansion, and moderate improvements in AUM inflows. VINP's strategy focuses on GIP&S and Credit for future growth, with private equity and real assets expected to expand more slowly amid high real rate environments. The acquisition of Verde Asset Management is expensive but positions the company to benefit from a cyclical recovery in Latin American markets and higher fee-related earnings.
| Construction & Engineering Industry | Industrials Sector | Mr. Pierre Anjolras CEO | OTC PINK Exchange | 927320101 CUSIP |
| FR Country | 282,481 Employees | 21 Apr 2025 Last Dividend | 15 Jun 2007 Last Split | - IPO Date |
VINCI SA is a global player in the concessions, energy, and construction industries, primarily active in France but with a significant international footprint. Founded in 1899 and headquartered in Nanterre, France, the company operates through its multiple subsidiaries across a myriad of segments including motorway concessions, airport operations, energy services, and construction. VINCI SA's operations extend beyond France, reaching into Germany, the United Kingdom, various countries across Europe including the Balkans and Eastern Europe, North and South America, Africa, Russia, the Asia-Pacific, the Middle East, and other European nations. This extensive network underscores the company's capability to deliver a broad range of services in the infrastructure and energy sectors on a global scale.
The multifaceted business model of VINCI SA spans several key sectors, including concessions, energy, and construction, while also delving into property development and services. Each category of service and product provided by VINCI SA showcases the company's diverse capabilities and expert knowledge in its domain.