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← CockpitCompetitor Analysis › VIL.PA Viel & Cie SAOpen in the cockpit ↗

Viel & Cie SAVIL.PACompetitor analysis, valuation and peers

France · EUR·Financials›Financial Conglomerates

French holding company controlling Compagnie Financiere Tradition, a global interdealer broker for fixed income, FX and derivatives.

≈ Holding company behind an interdealer broker like BGC/TraditionMomentum strong 66
Mkt cap
$1.25B
US dollars, full cap
Free float
22%
of shares outstanding
$/day
$192,016
20-day average traded
P/B
1.88×
price to book
ROE
23.1%
delivered
Implied ROE
10.2%
what the price asks
Close · EUR€18.62
1D+1.5%
1W+8.5%
1M+6.3%
3M-2.5%
6M-0.8%
YTD+9.5%
1Y+8.9%
ATR %2.6%
52w lowhigh6.4% off high

What Viel & Cie does

French holding company controlling Compagnie Financiere Tradition, a global interdealer broker for fixed income, FX and derivatives.

Earns what its Swiss-listed subsidiary Compagnie Financiere Tradition earns: commissions on trades it arranges between banks, paid whether the trade is done by phone or on screen, so trading volumes and market volatility drive the result. Viel's own role is that of a controlling holding company.

In one line: Holding company behind an interdealer broker like BGC/Tradition.

Products and services

  • Voice & electronic interdealer broking
  • Fixed income brokerage
  • FX & derivatives brokerage

Customers

  • Banks
  • Institutional trading desks
  • Asset managers

Where it sits in the supply chain

  • Financials
  • Wholesale financial markets
  • Interdealer broking

What could go right

  • Rate volatility driving trading volumes
  • Electronic execution growth

What could go wrong

  • Margin compression from e-trading
  • Bank consolidation reducing counterparties

Moat: narrow (network effects, installed base). Deep dealer relationships and liquidity network, but broking is commoditizing with electronic trading.

Headquarters: Paris, France · Founded: 1976 · Employees: 2,575

Named competitors

Viel & Cie at a glance

Size Viel & Cie (VIL.PA) is a France Financials company (Financial Conglomerates) with a market value of $1.25B, the 126th largest of 206 France companies the cockpit tracks. Shares closed at €18.62 on 6 Nov 2026.

Performance Over six months the shares fell 0.8%, against -2.1% for the median peer and -0.4% for the France market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 5.8% over the last twelve months (peer median +6.2%); the operating margin is 15.1% (peer median 15.9%).

Valuation It trades at 1.88× book value against a peer median of 1.19× (7th most expensive of 20).

Price implies The share price implies a return on equity of about 10.2%; Viel & Cie delivers 23.1%, so the price asks less than the business earns today.

Relative performance

909510010511 May 202611 Aug 20266 Nov 2026VIL.PA 100Peer median 98
Six months, rebased to 100: Viel & Cie against the median of its 20 peers (local-currency closes).

Viel & Cie financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€1.31B€1.27B€1.18B€1.08B€1.01B
Revenue growth—+7%+10%+7%—
EBITDA€226M€221M€186M€157M€127M
Net income€135M€126M€121M€98.1M€73.6M
Free cash flow€165M€146M€160M€155M€153M
Capital expenditure€25.3M€25.3M€12.8M€9.01M€9.17M
Total debtn/a€504M€506M€446M€473M

Quarterly statements and history in the cockpit →

Viel & Cie competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%319AMSDLJCAPRATO-A004800LUNRLGFPEUGIGIC86988YZP15MBBTIPINDIGRIDMFICSTOR-BCGEOMTAVIL.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Viel & Cie is the large dot.

Fundamentals: return on equity against price-to-book

-20%0%20%40%00×1000×2000×319AMSDLJCAPRATO-A004800PEUGIGICP15CGEOVIL.PAReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Viel & Cie is the large dot.

Capital: ROE delivered against the ROE the price implies

0%50%100%150%0%50%100%150%319AMSDLJCAPRATO-AIGICCGEOMTAVIL.PAROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Viel & Cie is the large dot.

Viel & Cie competitors and peer comparison

Head to head with its named competitors (VIL.PA vs BGC vs TCAP.L)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Viel & Cie VIL.PA$1.25B-1%+6%23%1.88×10.2%
BGC BGC$4.89B-8%+28%20%4.48×34.0%
TP ICAP TCAP.L$2.97B-1%+4%10%1.12×9.4%

How Viel & Cie compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Viel & Cie against its 20 peers (data as of 6 Nov 2026)
MeasureVIL.PAPeer medianRank in peer set
1-month return+6.3%+0.2%4th highest of 21
6-month return-0.8%-2.1%10th highest of 21
Return on equity23.1%6.9%4th highest of 18
Price / book1.88×1.19×7th most expensive of 20
Trailing P/E8.7×15.6×4th cheapest of 13
ROE the price implies10.2%9.5%9th most demanding of 19
ROE delivered23.1%6.6%4th highest of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Viel & Cie VIL.PAFrance$1.25B-1%+6%23%1.88×10.2%23.1%
Next Generation Technology 319A.TJapan$1.17B+55%+35%52%17.11×156.5%52.3%
Morgan Stanley Direct Lending Fund MSDLUnited States$1.15B-12%-15%3%0.70×6.6%3.5%
Jefferson Capital JCAPUnited States$1.14B-1%+73%33%2.39×11.0%33.2%
Ratos RATO-A.STSweden$1.38B+24%-23%-2%0.89×7.1%-1.6%
Hyosung 004800.KSSouth Korea$1.42B-49%+10%14%0.79×8.3%n/a
LunR Royalties LUNR.TOCanada$1.46B-28%n/an/a2.15×27.1%n/a
L1 Gold Fund LGF.AXAustralia$1.02B+15%n/an/a1.26×17.9%n/a
Peugeot Invest PEUG.PAFrance$1.54B-16%-101%6%0.38×6.5%6.3%
International General Insurance IGICUnited States$1,000M-7%+2%15%1.50×8.0%15.2%
Monex 8698.TJapan$980M-8%+16%9%1.19×8.4%8.8%
Yangzijiang Maritime Development 8YZ.SISingapore$1.59B-14%+18%7%0.94×3.5%6.9%
Pacific Century Regional Developments P15.SISingapore$943M-6%-37%-17%189.58×n/an/a
Mbb MBB.DEGermany$930M+1%+1%9%1.41×11.6%9.4%
Tamburi Investment Partners TIP.MIItaly$1.72B+5%+353%0%0.96×10.0%0.0%
IndiGrid Infrastructure Trust INDIGRID.NSIndia$1.72B-1%+52%7%2.69×20.1%n/a
KB Balhae Infrastructure Fund 415640.KSSouth Korea$884M-3%n/an/an/an/an/a
MidCap Financial Investment MFICUnited States$845M-12%+1%-2%0.77×6.9%-2.4%
Storskogen STOR-B.STSweden$1.97B+25%+2%5%0.88×9.0%5.3%
Georgia Capital CGEO.LUnited Kingdom$2.03B+20%n/a32%0.94×10.4%31.7%
Metalla Royalty & Streaming MTA.VCanada$763M+17%+89%0%2.95×38.1%-0.2%

Questions

Who are Viel & Cie's main competitors?
Named competitors: BGC Group (BGC), TP ICAP (TCAP.L), GFI Group (private or unlisted). The cockpit's measured peer set (industry) also includes Next Generation Technology (319A.T), Morgan Stanley Direct Lending Fund (MSDL), Jefferson Capital (JCAP), Ratos (RATO-A.ST), Hyosung (004800.KS), LunR Royalties (LUNR.TO).
Is Viel & Cie expensive compared with its peers?
On price / book it trades at 1.88× against a peer median of 1.19×, 7th most expensive of 20 in its peer set. The share price implies a return on equity of about 10.2%; Viel & Cie delivers 23.1%, so the price asks less than the business earns today.
How has Viel & Cie stock performed?
Over six months to 6 Nov 2026 the shares returned -0.8% against -2.1% for the median peer; over one year +8.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.