HEIDELBERG MATERIALS AG (1HEI.MI) Stock Fundamental Analysis
Europe - BIT:1HEI - DE0006047004 - Common Stock
206.6 EUR
+6.5 (+3.25%)
We assign a fundamental rating of 4 out of 10 to 1HEI. 1HEI was compared to 13 industry peers in the Construction Materials industry. While 1HEI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. 1HEI is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
1HEI had positive earnings in the past year.
In the past year 1HEI had a positive cash flow from operations.
1HEI had positive earnings in 4 of the past 5 years.
1HEI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.14%, 1HEI is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
1HEI's Return On Equity of 10.35% is fine compared to the rest of the industry. 1HEI outperforms 61.54% of its industry peers.
1HEI has a better Return On Invested Capital (7.73%) than 61.54% of its industry peers.
1HEI had an Average Return On Invested Capital over the past 3 years of 6.57%. This is in line with the industry average of 8.11%.
The last Return On Invested Capital (7.73%) for 1HEI is above the 3 year average (6.57%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.14% | ||
| ROE | 10.35% | ||
| ROIC | 7.73% |
ROA(3y)5.01%
ROA(5y)2.72%
ROE(3y)10.11%
ROE(5y)5.12%
ROIC(3y)6.57%
ROIC(5y)6.16%
1.3 Margins
The Profit Margin of 1HEI (8.42%) is better than 69.23% of its industry peers.
1HEI's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 13.55%, 1HEI is doing good in the industry, outperforming 61.54% of the companies in the same industry.
In the last couple of years the Operating Margin of 1HEI has grown nicely.
The Gross Margin of 1HEI (63.93%) is better than 61.54% of its industry peers.
1HEI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.55% | ||
| PM (TTM) | 8.42% | ||
| GM | 63.93% |
OM growth 3Y8.85%
OM growth 5Y7.42%
PM growth 3Y-3.58%
PM growth 5Y7.79%
GM growth 3Y1.33%
GM growth 5Y1.2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), 1HEI is creating some value.
Compared to 1 year ago, 1HEI has less shares outstanding
1HEI has less shares outstanding than it did 5 years ago.
The debt/assets ratio for 1HEI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.69 indicates that 1HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of 1HEI (2.69) is better than 69.23% of its industry peers.
1HEI has a debt to FCF ratio of 4.57. This is a neutral value as 1HEI would need 4.57 years to pay back of all of its debts.
1HEI has a Debt to FCF ratio (4.57) which is in line with its industry peers.
A Debt/Equity ratio of 0.38 indicates that 1HEI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.38, 1HEI is in line with its industry, outperforming 53.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.57 | ||
| Altman-Z | 2.69 |
ROIC/WACC1.19
WACC6.51%
2.3 Liquidity
1HEI has a Current Ratio of 1.13. This is a normal value and indicates that 1HEI is financially healthy and should not expect problems in meeting its short term obligations.
1HEI's Current ratio of 1.13 is on the low side compared to the rest of the industry. 1HEI is outperformed by 84.62% of its industry peers.
1HEI has a Quick Ratio of 1.13. This is a bad value and indicates that 1HEI is not financially healthy enough and could expect problems in meeting its short term obligations.
1HEI has a worse Quick ratio (0.73) than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The earnings per share for 1HEI have decreased by -5.37% in the last year.
The Earnings Per Share has been growing by 12.42% on average over the past years. This is quite good.
Looking at the last year, 1HEI shows a decrease in Revenue. The Revenue has decreased by -0.10% in the last year.
The Revenue has been growing slightly by 2.33% on average over the past years.
EPS 1Y (TTM)-5.37%
EPS 3Y3.43%
EPS 5Y12.42%
EPS Q2Q%21.9%
Revenue 1Y (TTM)-0.1%
Revenue growth 3Y4.16%
Revenue growth 5Y2.33%
Sales Q2Q%88.85%
3.2 Future
1HEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.08% yearly.
Based on estimates for the next years, 1HEI will show a small growth in Revenue. The Revenue will grow by 5.01% on average per year.
EPS Next Y10.53%
EPS Next 2Y11.74%
EPS Next 3Y11.69%
EPS Next 5Y6.08%
Revenue Next Year3.73%
Revenue Next 2Y4.11%
Revenue Next 3Y4.48%
Revenue Next 5Y5.01%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.95, 1HEI is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as 1HEI.
1HEI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.30.
The Price/Forward Earnings ratio is 14.60, which indicates a correct valuation of 1HEI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 1HEI indicates a slightly more expensive valuation: 1HEI is more expensive than 61.54% of the companies listed in the same industry.
1HEI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.95 | ||
| Fwd PE | 14.6 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1HEI is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
76.92% of the companies in the same industry are cheaper than 1HEI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.47 | ||
| EV/EBITDA | 10.17 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1HEI does not grow enough to justify the current Price/Earnings ratio.
1HEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.99
PEG (5Y)1.69
EPS Next 2Y11.74%
EPS Next 3Y11.69%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.64%, 1HEI has a reasonable but not impressive dividend return.
1HEI's Dividend Yield is slightly below the industry average, which is at 3.60.
Compared to the average S&P500 Dividend Yield of 2.41, 1HEI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
5.2 History
On average, the dividend of 1HEI grows each year by 7.61%, which is quite nice.
Dividend Growth(5Y)7.61%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
33.05% of the earnings are spent on dividend by 1HEI. This is a low number and sustainable payout ratio.
1HEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP33.05%
EPS Next 2Y11.74%
EPS Next 3Y11.69%
BIT:1HEI (8/11/2025, 7:00:00 PM)
206.6
+6.5 (+3.25%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)
Earnings (Next)
Inst Owners37.1%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap36.86B
Analysts72.8
Price Target201.37 (-2.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
Yearly Dividend3.03
Dividend Growth(5Y)7.61%
DP33.05%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)6.48%
PT rev (3m)18.06%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.6%
EPS NY rev (3m)-3.6%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.88%
Revenue NY rev (3m)-0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.95 | ||
| Fwd PE | 14.6 | ||
| P/S | 1.74 | ||
| P/FCF | 19.47 | ||
| P/OCF | 11.2 | ||
| P/B | 2.14 | ||
| P/tB | 4.62 | ||
| EV/EBITDA | 10.17 |
EPS(TTM)9.86
EY4.77%
EPS(NY)14.15
Fwd EY6.85%
FCF(TTM)10.61
FCFY5.14%
OCF(TTM)18.44
OCFY8.93%
SpS118.57
BVpS96.5
TBVpS44.7
PEG (NY)1.99
PEG (5Y)1.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.14% | ||
| ROE | 10.35% | ||
| ROCE | 10.33% | ||
| ROIC | 7.73% | ||
| ROICexc | 8.12% | ||
| ROICexgc | 12.48% | ||
| OM | 13.55% | ||
| PM (TTM) | 8.42% | ||
| GM | 63.93% | ||
| FCFM | 8.95% |
ROA(3y)5.01%
ROA(5y)2.72%
ROE(3y)10.11%
ROE(5y)5.12%
ROIC(3y)6.57%
ROIC(5y)6.16%
ROICexc(3y)7.24%
ROICexc(5y)6.85%
ROICexgc(3y)11.06%
ROICexgc(5y)10.59%
ROCE(3y)8.78%
ROCE(5y)8.23%
ROICexcg growth 3Y8.18%
ROICexcg growth 5Y7.28%
ROICexc growth 3Y8.47%
ROICexc growth 5Y10.51%
OM growth 3Y8.85%
OM growth 5Y7.42%
PM growth 3Y-3.58%
PM growth 5Y7.79%
GM growth 3Y1.33%
GM growth 5Y1.2%
F-Score7
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.57 | ||
| Debt/EBITDA | 1.49 | ||
| Cap/Depr | 94.45% | ||
| Cap/Sales | 6.61% | ||
| Interest Coverage | 9.11 | ||
| Cash Conversion | 75.7% | ||
| Profit Quality | 106.26% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 2.69 |
F-Score7
WACC6.51%
ROIC/WACC1.19
Cap/Depr(3y)98.1%
Cap/Depr(5y)88.57%
Cap/Sales(3y)6.42%
Cap/Sales(5y)6.47%
Profit Quality(3y)89.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.37%
EPS 3Y3.43%
EPS 5Y12.42%
EPS Q2Q%21.9%
EPS Next Y10.53%
EPS Next 2Y11.74%
EPS Next 3Y11.69%
EPS Next 5Y6.08%
Revenue 1Y (TTM)-0.1%
Revenue growth 3Y4.16%
Revenue growth 5Y2.33%
Sales Q2Q%88.85%
Revenue Next Year3.73%
Revenue Next 2Y4.11%
Revenue Next 3Y4.48%
Revenue Next 5Y5.01%
EBIT growth 1Y8.81%
EBIT growth 3Y13.38%
EBIT growth 5Y9.93%
EBIT Next Year50.77%
EBIT Next 3Y19.61%
EBIT Next 5Y14.27%
FCF growth 1Y61.81%
FCF growth 3Y23.1%
FCF growth 5Y4.23%
OCF growth 1Y27.42%
OCF growth 3Y10.49%
OCF growth 5Y3.94%