- Vinci's stock trades near its pre-COVID highs as the market anticipates the recovery of air traffic globally.
- The resilience of the highway concessions and of the contracting division have enabled the company to generate significant free cash flow.
- In the short term, the upside potential looks limited, with a number of insiders happy to take profits at the current price.
- Long-term, dividend growth investors have no reason to sell as Vinci continues to grow its portfolio of concessions, and its contracting business with the acquisition of the energy division of ACS.
For further details see:
Vinci: Traffic Recovery Largely Priced In