Vallourec S.A.
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Vallourec S.A. Financial Snapshot
Operating Performance
Fast Facts
27, avenue du General Leclerc, Boulogne- The company reported revenue of US$5,988.36
Headquarters Address
Billancourt, 92100,France million during the fiscal year 2010 (2010). The
company's revenue declined at a compounded rate of
Telephone + 33 1 49093800
-3.70% during 2006–2010, with an annual decline of -
3.42% over 2009. In 2010, the company recorded an
Fax + 33 1 490933694 operating margin of 15.19%, as against 17.61% in
2009.
Website www.vallourec.fr
Ticker Symbol, Stock Exchange VK, Euronext Paris Revenue and Margins
Number of Employees 18,600
Fiscal Year End December
Revenue (in US$ million) 5,988.36
Revenue (in EUR million) 4,491.27
Return on Equity
The company recorded a return on equity (ROE) of
8.99% for 2010, as compared to its peers, China
Oilfield Services Limited (Ticker: CHOLY), Eramet
(Ticker: ERA) and United States Steel Corporation
(Ticker: X), which recorded ROEs of 16.13%, 11.09%
and -12.52% respectively. The company reported a
net profit margin of 15.19% in 2010.
Return on Equity
Liquidity Position
The company reported a current ratio of 1.84 in 2010,
as compared to its peers, China Oilfield Services
Limited, Eramet and United States Steel Corporation,
which recorded current ratios of 1.77, 3.15 and 1.69
respectively. As of December 2010, the company
recorded cash and short-term investments of worth
US$871.68 million, against US$236.42 million current
debt. The company reported a debt to equity ratio of
0.23 in 2010 as compared to its peers, China Oilfield
Services Limited, Eramet and United States Steel
Corporation, which recorded debt to equity ratios of
1.17, 0.10 and 0.98 respectively.
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Vallourec S.A. - Company Capsule Page 1
Vallourec S.A.
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Major Products and Services .................................................................................................................................5
2 Analysis of Key Performance Indicators ............................................................................................... 6
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................6
2.2 Key Financial Performance Indicators ...................................................................................................................9
2.2.1 Revenue and Operating Profit ...........................................................................................................................9
2.2.2 Asset, Liabilities and Capex .............................................................................................................................10
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................11
2.2.4 Operational Efficiency ......................................................................................................................................12
2.2.5 Solvency ..........................................................................................................................................................13
2.2.6 Valuation ..........................................................................................................................................................14
2.3 Competitive Benchmarking ..................................................................................................................................15
2.3.1 Market Capitalization .......................................................................................................................................16
2.3.2 Efficiency ........................