Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Viel & Cie is a French-listed investment company specializing in long-term holdings in financial sector firms to accelerate their growth and establish market leadership. Its core operations center on three primary businesses: professional interdealer broking via Compagnie Financière Tradition, in which it holds a 68.21% stake and which accounts for 93.6-93.8% of revenues through intermediation in money markets, interest rates, currencies, credit derivatives, equities, bonds, commodities, energy, and precious metals; online brokerage through Bourse Direct, representing about 6.4% of sales with services for equities, derivatives, CFDs, trackers, warrants, and insurance products; and a 40% equity interest in SwissLife Banque Privée for private banking, wealth management, and retail services. With a global footprint spanning Europe/Middle East/Africa (46.5% of sales), Americas (32.4%), and Asia-Pacific (21.1%), and around 2,499 employees, Viel & Cie, founded in 1920 and headquartered in Paris, plays a pivotal role in enhancing liquidity, confidentiality, and expertise in international capital markets.
16.40% operating margin is respectable but not wide. ROIC at 13.21%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 6.8%, steady but not accelerating. Free cash flow declined 14% despite revenue growth, conversion is weakening.
Free cash flow declined 14% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€1.29B
▲ +6.8% YoY
Net Income (TTM)
€178M
▲ +7.2% YoY
Op. Margin
16.40%
▲ +1.7pp YoY
ROIC
13.21%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€103M
▼ -14.0% YoY
Op. Cash Flow (TTM)
€198M
▲ +10.1% YoY
Net Debt
-€121M
Net Cash Position
Cash & Equiv.
€625M
3Y CAGR: +9.0%
3Y CAGR: -7.5%
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