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CEMENTIR HOLDING NV (CEM.MI) Stock Fundamental Analysis

Europe - BIT:CEM - NL0013995087 - Common Stock

15.58 EUR
+0.02 (+0.13%)
Last: 10/22/2025, 10:08:56 AM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to CEM. CEM was compared to 14 industry peers in the Construction Materials industry. Both the health and profitability get an excellent rating, making CEM a very profitable company, without any liquidiy or solvency issues. CEM has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

CEM had positive earnings in the past year.
In the past year CEM had a positive cash flow from operations.
In the past 5 years CEM has always been profitable.
In the past 5 years CEM always reported a positive cash flow from operatings.
CEM.MI Yearly Net Income VS EBIT VS OCF VS FCFCEM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

CEM's Return On Assets of 6.95% is fine compared to the rest of the industry. CEM outperforms 71.43% of its industry peers.
CEM has a Return On Equity of 10.59%. This is in the better half of the industry: CEM outperforms 71.43% of its industry peers.
CEM has a Return On Invested Capital of 8.03%. This is in the better half of the industry: CEM outperforms 71.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CEM is in line with the industry average of 8.19%.
Industry RankSector Rank
ROA 6.95%
ROE 10.59%
ROIC 8.03%
ROA(3y)7.27%
ROA(5y)6.35%
ROE(3y)12.33%
ROE(5y)11.41%
ROIC(3y)8.33%
ROIC(5y)8.07%
CEM.MI Yearly ROA, ROE, ROICCEM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

CEM has a better Profit Margin (10.66%) than 78.57% of its industry peers.
CEM's Profit Margin has improved in the last couple of years.
CEM's Operating Margin of 13.83% is fine compared to the rest of the industry. CEM outperforms 71.43% of its industry peers.
CEM's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 57.94%, CEM perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
In the last couple of years the Gross Margin of CEM has grown nicely.
Industry RankSector Rank
OM 13.83%
PM (TTM) 10.66%
GM 57.94%
OM growth 3Y3.69%
OM growth 5Y3.57%
PM growth 3Y12.78%
PM growth 5Y11.63%
GM growth 3Y-1.17%
GM growth 5Y4.19%
CEM.MI Yearly Profit, Operating, Gross MarginsCEM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

9

2. Health

2.1 Basic Checks

CEM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CEM has about the same amount of shares outstanding.
CEM has less shares outstanding than it did 5 years ago.
CEM has a better debt/assets ratio than last year.
CEM.MI Yearly Shares OutstandingCEM.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
CEM.MI Yearly Total Debt VS Total AssetsCEM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

CEM has an Altman-Z score of 4.25. This indicates that CEM is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.25, CEM belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
CEM has a debt to FCF ratio of 0.70. This is a very positive value and a sign of high solvency as it would only need 0.70 years to pay back of all of its debts.
CEM's Debt to FCF ratio of 0.70 is amongst the best of the industry. CEM outperforms 100.00% of its industry peers.
CEM has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.07, CEM belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.7
Altman-Z 4.25
ROIC/WACC1.02
WACC7.87%
CEM.MI Yearly LT Debt VS Equity VS FCFCEM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 2.01 indicates that CEM has no problem at all paying its short term obligations.
CEM's Current ratio of 2.01 is fine compared to the rest of the industry. CEM outperforms 71.43% of its industry peers.
A Quick Ratio of 1.46 indicates that CEM should not have too much problems paying its short term obligations.
CEM's Quick ratio of 1.46 is amongst the best of the industry. CEM outperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 1.46
CEM.MI Yearly Current Assets VS Current LiabilitesCEM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

3

3. Growth

3.1 Past

CEM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.35%.
The Earnings Per Share has been growing by 19.81% on average over the past years. This is quite good.
The Revenue has been growing slightly by 0.39% in the past year.
CEM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.84% yearly.
EPS 1Y (TTM)-14.35%
EPS 3Y21.42%
EPS 5Y19.81%
EPS Q2Q%-24.19%
Revenue 1Y (TTM)0.39%
Revenue growth 3Y7.45%
Revenue growth 5Y6.84%
Sales Q2Q%-1.86%

3.2 Future

The Earnings Per Share is expected to grow by 4.14% on average over the next years.
The Revenue is expected to grow by 3.86% on average over the next years.
EPS Next Y0.25%
EPS Next 2Y3.44%
EPS Next 3Y4.14%
EPS Next 5YN/A
Revenue Next Year2.92%
Revenue Next 2Y4.03%
Revenue Next 3Y4.63%
Revenue Next 5Y3.86%

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 decreasing.
CEM.MI Yearly Revenue VS EstimatesCEM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 500M 1B 1.5B 2B
CEM.MI Yearly EPS VS EstimatesCEM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1

5

4. Valuation

4.1 Price/Earnings Ratio

CEM is valuated correctly with a Price/Earnings ratio of 13.55.
Compared to the rest of the industry, the Price/Earnings ratio of CEM is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CEM to the average of the S&P500 Index (27.77), we can say CEM is valued rather cheaply.
The Price/Forward Earnings ratio is 11.53, which indicates a very decent valuation of CEM.
CEM's Price/Forward Earnings ratio is in line with the industry average.
CEM is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.55
Fwd PE 11.53
CEM.MI Price Earnings VS Forward Price EarningsCEM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CEM indicates a somewhat cheap valuation: CEM is cheaper than 71.43% of the companies listed in the same industry.
CEM's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 10.72
EV/EBITDA 6.17
CEM.MI Per share dataCEM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of CEM may justify a higher PE ratio.
PEG (NY)54.14
PEG (5Y)0.68
EPS Next 2Y3.44%
EPS Next 3Y4.14%

3

5. Dividend

5.1 Amount

CEM has a Yearly Dividend Yield of 1.74%.
CEM's Dividend Yield is slightly below the industry average, which is at 3.61.
Compared to the average S&P500 Dividend Yield of 2.36, CEM is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.74%

5.2 History

The dividend of CEM is nicely growing with an annual growth rate of 16.93%!
Dividend Growth(5Y)16.93%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

CEM pays out 27.59% of its income as dividend. This is a sustainable payout ratio.
CEM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.59%
EPS Next 2Y3.44%
EPS Next 3Y4.14%
CEM.MI Yearly Income VS Free CF VS DividendCEM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CEM.MI Dividend Payout.CEM.MI Dividend Payout, showing the Payout Ratio.CEM.MI Dividend Payout.PayoutRetained Earnings

CEMENTIR HOLDING NV

BIT:CEM (10/22/2025, 10:08:56 AM)

15.58

+0.02 (+0.13%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)07-29 2025-07-29
Earnings (Next)11-06 2025-11-06
Inst Owners10.39%
Inst Owner ChangeN/A
Ins Owners72.26%
Ins Owner ChangeN/A
Market Cap2.48B
Analysts80
Price Target15.78 (1.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
Yearly Dividend0.37
Dividend Growth(5Y)16.93%
DP27.59%
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)2.8%
PT rev (3m)5.15%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-1.6%
Valuation
Industry RankSector Rank
PE 13.55
Fwd PE 11.53
P/S 1.48
P/FCF 10.72
P/OCF 7.45
P/B 1.47
P/tB 2.31
EV/EBITDA 6.17
EPS(TTM)1.15
EY7.38%
EPS(NY)1.35
Fwd EY8.68%
FCF(TTM)1.45
FCFY9.33%
OCF(TTM)2.09
OCFY13.42%
SpS10.51
BVpS10.58
TBVpS6.73
PEG (NY)54.14
PEG (5Y)0.68
Profitability
Industry RankSector Rank
ROA 6.95%
ROE 10.59%
ROCE 10.75%
ROIC 8.03%
ROICexc 9.39%
ROICexgc 14.06%
OM 13.83%
PM (TTM) 10.66%
GM 57.94%
FCFM 13.84%
ROA(3y)7.27%
ROA(5y)6.35%
ROE(3y)12.33%
ROE(5y)11.41%
ROIC(3y)8.33%
ROIC(5y)8.07%
ROICexc(3y)10.65%
ROICexc(5y)10.32%
ROICexgc(3y)17.16%
ROICexgc(5y)17.1%
ROCE(3y)11.16%
ROCE(5y)10.8%
ROICexcg growth 3Y2.63%
ROICexcg growth 5Y9%
ROICexc growth 3Y2.86%
ROICexc growth 5Y8.55%
OM growth 3Y3.69%
OM growth 5Y3.57%
PM growth 3Y12.78%
PM growth 5Y11.63%
GM growth 3Y-1.17%
GM growth 5Y4.19%
F-Score6
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.7
Debt/EBITDA 0.32
Cap/Depr 69.64%
Cap/Sales 6.06%
Interest Coverage 20.74
Cash Conversion 88.31%
Profit Quality 129.81%
Current Ratio 2.01
Quick Ratio 1.46
Altman-Z 4.25
F-Score6
WACC7.87%
ROIC/WACC1.02
Cap/Depr(3y)85.34%
Cap/Depr(5y)77.33%
Cap/Sales(3y)6.65%
Cap/Sales(5y)6.15%
Profit Quality(3y)104.05%
Profit Quality(5y)121.12%
High Growth Momentum
Growth
EPS 1Y (TTM)-14.35%
EPS 3Y21.42%
EPS 5Y19.81%
EPS Q2Q%-24.19%
EPS Next Y0.25%
EPS Next 2Y3.44%
EPS Next 3Y4.14%
EPS Next 5YN/A
Revenue 1Y (TTM)0.39%
Revenue growth 3Y7.45%
Revenue growth 5Y6.84%
Sales Q2Q%-1.86%
Revenue Next Year2.92%
Revenue Next 2Y4.03%
Revenue Next 3Y4.63%
Revenue Next 5Y3.86%
EBIT growth 1Y-6.11%
EBIT growth 3Y11.41%
EBIT growth 5Y10.66%
EBIT Next Year56.4%
EBIT Next 3Y19.51%
EBIT Next 5Y73.49%
FCF growth 1Y27.14%
FCF growth 3Y16.35%
FCF growth 5Y7.34%
OCF growth 1Y17.93%
OCF growth 3Y16.24%
OCF growth 5Y9.84%