Added to YB: 2026-06-29
Pitch date: 2026-06-25
VK.PA [neutral]
Vallourec S.A.
Author Info
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Company Info
Vallourec S.A., through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in North America, South America, France, the Middle East, Indonesia, and East Asia.
Market Cap
EUR 5.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.76
P/E
14.51
EV/Sales
1.25
Sector
Energy Equipment and Services
Category
growth
Vallourec (VK France): Geothermal energy the next growth driver?
VK.PA (update): Geothermal as emerging 2nd growth platform, fits 'Value over Volumes' premium tubulars strategy. TAM ~400k tonnes by 2030 across NA/EU/SEA; could be 15-20% of Tubes EBITDA by 2030 w/ minimal capex. Driven by AI/electrification baseload demand, better drilling economics. Could re-rate beyond O&G cyclical lens, but commercial adoption early-stage, low visibility, market assigns little value yet.
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