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Last €24.45 EUR
Change Today +0.197 / 0.81%
Volume 0.0
As of 6:10 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

vallourec (VAC) Snapshot

Open
€24.22
Previous Close
€24.26
Day High
€24.48
Day Low
€24.20
52 Week High
04/30/14 - €42.99
52 Week Low
01/29/15 - €18.15
Market Cap
3.2B
Average Volume 10 Days
378.6
EPS TTM
--
Shares Outstanding
130.6M
EX-Date
06/4/15
P/E TM
--
Dividend
€0.81
Dividend Yield
3.38%
Current Stock Chart for VALLOUREC (VAC)

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vallourec (VAC) Details

Vallourec SA, through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in the European Union, the United States, Mexico, Canada, South America, Asia, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company produces hot-rolled seamless carbon and alloy steel tubes for the oil and gas, power generation, chemicals and petrochemicals, automotive and mechanical engineering industries, etc, as well as produces stainless steel and titanium tubes. It offers tubes comprising casing, tubing, and accessories for oil and gas well equipment; well-drilling products, including drill pipes, bottom hole assemblies, and VAM connections and accessories for drill strings; and offshore and onshore line pipes and accessories, as well as tubes for umbilicals. The company also provides hydrocarbon processing tubes; steam tubes and pipes for power plants; and titanium and stainless steel welded tubes used in nuclear and conventional power plants, high-pressure and low-pressure heaters, as well as in moisture separator steam reheaters; and steam generator tubes for nuclear power plants. In addition, it offers hot-rolled pipes and hollow sections used in various applications, including drilling and other platforms, bridges, buildings and other roofed structures, cranes, agricultural and industrial machinery, mechanical components and systems, mining, and offshore projects. Further, the company provides coating and welding services for offshore and onshore projects. Vallourec SA was founded in 1899 and is headquartered in Boulogne-Billancourt, France.

22,053 Employees
Last Reported Date: 04/13/15
Founded in 1899

vallourec (VAC) Top Compensated Officers

Chairman of The Management Board and Chief Ex...
Total Annual Compensation: €1.3M
Chief Financial Officer, General Counsel and ...
Total Annual Compensation: €640.0K
Chief Operating Officer and Member of The Man...
Total Annual Compensation: €705.0K
Compensation as of Fiscal Year 2013.

vallourec (VAC) Key Developments

Vallourec Announces Executive Changes

Vallourec is making changes, applicable from April 2, 2015. The Group will now operate in four regional units: Europe, North America, the Eastern Hemisphere and South America. The four regional Senior Vice Presidents are part of the Vallourec Group Management Committee and report directly to Philippe Crouzet: Philippe Carlier becomes SVP Europe. Philippe Carlier is also taking charge of the coordination of Vallourec's industrial policy. Nicolas de Coignac has been appointed SVP North America. Didier Hornet will become SVP Eastern Hemisphere (Africa, the Middle East, the Asia-Pacific zone and the North Sea). Alexandre Lyra becomes SVP South America. With the same goal of greater closeness to customers and better anticipating their requirements, while speeding up the time to market for new products, the R&D, Strategic Marketing and Innovation functions will be brought together under the management of Jean-Yves Le Cuziat. Philippe Carlier has been in charge of the Upstream and Industry activities (tubular products for mechanical engineering, construction and the automotive industry) since 2014. Since 2014, Nicolas de Coignac has been in charge of the Group's Powergen activities (tubular solutions for conventional and nuclear power plants) and Pipe Project (subsea flowlines, specialist tubes for umbilicals, process tubes and fittings for hydrocarbon processing plants). Didier Hornet joined Vallourec as Marketing and Development Director in 1993, coming from Dassault Aviation where he started his career. In 2009, he took over the Oil and Gas activity at Group level, and has been running the Group's OCTG (production and casing tubes, threading of oil and gas tubing) and Drilling Products (oil and gas drilling) activities since 2014. Alexandre Lyra joined Vallourec as a research engineer in 1991. He has spent all his career at Vallourec Tubos do Brasil (VBR), where he became Chief Operating Officer for Brazil in 2009. Since 2012, Jean-Yves has worked as the Group's Director for Strategic Marketing, Purchasing and Sustainable Development.

Valinox Nucleaire Wins Two Contracts from Areva to Manufacture Tubes

Vallourec S.A. has won two contracts from Areva to manufacture tubes for eight steam generators that will equip two EDF 1,300 MW reactors. Valinox Nucleaire will supply 5,300 nickel alloy tubes for each steam generator: 42,400 tubes in total. The tubes will be made in 2016 and 2017 at its Montbard plant in Burgundy. These tubes are the only interface between the primary and the secondary system in pressurized water reactors. The tubes have a wall thickness of 1 mm and transfer heat from the reactor to the secondary loop in order to produce steam that drives a high power turbine that generates electricity. They are a safety critical part of the nuclear power plant and their quality has impact on the reactor's efficiency.

Vallourec Plans to Reduce its Workforce by 7% This Year Compared to 2014

Vallourec announced that it plans to reduce its workforce by 7% this year compared to 2014.

 

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VAC

Industry Average

Valuation VAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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