Stock

Vetoquinol S.A.

VETO.PA
50
Drug Manufacturers - Specialty & Generic · Healthcare
Also trades as: 0O1O.L GBP 0.77 (+1.32%)
Price
€76.20
-1.40 (-1.80%)
Market Cap
€885.8M
Exchange
Euronext Paris
Winston Score
50
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 12, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
12/30
Growth
Mixed
5/20
Cash Flow
Strong
8/10
Stability
Exceptional
10/10
Valuation
Good
5/10
Ownership
Not counted
n/a
Dividends
Not counted
n/a

40 of 80 counted points = Winston Score 50. Pillars marked n/a do not apply to this company and are left out of the total.

§Winston Score History

The full picture

Vetoquinol is a French company that makes medicines and health products for animals. Its main customers are veterinarians, farmers, and pet owners. The company focuses on companion animals like dogs and cats, as well as livestock such as cattle and pigs, and it sells products including antibiotics, anti-inflammatories, and nutritional supplements.

Vetoquinol earns money by selling these veterinary products directly to vets and through distributors. It operates in over 30 countries, with a strong presence in Europe, North America, and emerging markets, and generates roughly €500 million in annual revenue. The founding Frechin family still controls the company, which gives it a stable, long-term ownership structure, but its relatively small size means it competes against much larger players like Zoetis and Boehringer Ingelheim. The key growth driver is the continued rise in pet ownership globally, though pricing pressure from generic competitors and currency fluctuations remain ongoing risks.

Share count broadly stable

+0.5% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 11.8M (2021) → 11.9M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
0.0%
Thin — 0.0% gross margin
Profit after running costs
Operating Margin
13.5%
Healthy — 13.5% operating margin
Return on the money invested
ROCE
12.4%
Good — 12.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-0.9%
Shrinking sales (-0.9% YoY)
Profit growth
EPS YoY
+3.3%
Modest earnings growth (+3.3% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
118%
Turns 118% of profit into real cash
Spare cash per sale
FCF Margin
10.7%
Modest free cash flow (10.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
108.99x
Comfortably covers interest (109.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
14.5x
Attractive valuation — P/E 14.5

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial