CEMENTIR HOLDING NV (CEM.MI) Stock Fundamental Analysis
BIT:CEM - Euronext Milan - NL0013995087 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to CEM. CEM was compared to 13 industry peers in the Construction Materials industry. CEM gets an excellent profitability rating and is at the same time showing great financial health properties. CEM is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CEM had positive earnings in the past year.
CEM had a positive operating cash flow in the past year.
Each year in the past 5 years CEM has been profitable.
CEM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CEM has a better Return On Assets (7.32%) than 84.62% of its industry peers.
The Return On Equity of CEM (11.74%) is better than 84.62% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.19%, CEM belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
CEM had an Average Return On Invested Capital over the past 3 years of 8.33%. This is in line with the industry average of 7.83%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.32% | ||
| ROE | 11.74% | ||
| ROIC | 8.19% |
ROA(3y)7.27%
ROA(5y)6.35%
ROE(3y)12.33%
ROE(5y)11.41%
ROIC(3y)8.33%
ROIC(5y)8.07%
1.3 Margins
The Profit Margin of CEM (11.95%) is better than 84.62% of its industry peers.
CEM's Profit Margin has improved in the last couple of years.
CEM's Operating Margin of 14.57% is fine compared to the rest of the industry. CEM outperforms 69.23% of its industry peers.
CEM's Operating Margin has improved in the last couple of years.
CEM has a better Gross Margin (58.03%) than 61.54% of its industry peers.
In the last couple of years the Gross Margin of CEM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.57% | ||
| PM (TTM) | 11.95% | ||
| GM | 58.03% |
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%
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.
The number of shares outstanding for CEM remains at a similar level compared to 1 year ago.
The number of shares outstanding for CEM has been reduced compared to 5 years ago.
The debt/assets ratio for CEM has been reduced compared to a year ago.
2.2 Solvency
CEM has an Altman-Z score of 3.66. This indicates that CEM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.66, CEM belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
CEM has a debt to FCF ratio of 0.92. This is a very positive value and a sign of high solvency as it would only need 0.92 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.92, CEM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
CEM has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
CEM's Debt to Equity ratio of 0.09 is amongst the best of the industry. CEM outperforms 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.92 | ||
| Altman-Z | 3.66 |
ROIC/WACC1.01
WACC8.14%
2.3 Liquidity
CEM has a Current Ratio of 1.85. This is a normal value and indicates that CEM is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CEM (1.85) is better than 61.54% of its industry peers.
CEM has a Quick Ratio of 1.40. This is a normal value and indicates that CEM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.40, CEM is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.4 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.14% over the past year.
The Earnings Per Share has been growing by 19.81% on average over the past years. This is quite good.
CEM shows a decrease in Revenue. In the last year, the revenue decreased by -0.43%.
Measured over the past years, CEM shows a small growth in Revenue. The Revenue has been growing by 6.84% on average per year.
EPS 1Y (TTM)0.14%
EPS 3Y21.42%
EPS 5Y19.81%
EPS Q2Q%-5.77%
Revenue 1Y (TTM)-0.43%
Revenue growth 3Y7.45%
Revenue growth 5Y6.84%
Sales Q2Q%2.53%
3.2 Future
Based on estimates for the next years, CEM will show a small growth in Earnings Per Share. The EPS will grow by 5.60% on average per year.
Based on estimates for the next years, CEM will show a small growth in Revenue. The Revenue will grow by 4.37% on average per year.
EPS Next Y3.3%
EPS Next 2Y4.66%
EPS Next 3Y5.6%
EPS Next 5YN/A
Revenue Next Year4.59%
Revenue Next 2Y5.06%
Revenue Next 3Y5.31%
Revenue Next 5Y4.37%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 10.86, which indicates a very decent valuation of CEM.
CEM's Price/Earnings ratio is a bit cheaper when compared to the industry. CEM is cheaper than 69.23% of the companies in the same industry.
When comparing the Price/Earnings ratio of CEM to the average of the S&P500 Index (26.43), we can say CEM is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.82, the valuation of CEM can be described as very reasonable.
CEM's Price/Forward Earnings is on the same level as the industry average.
CEM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.17.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 10.82 |
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 76.92% of the companies listed in the same industry.
84.62% of the companies in the same industry are more expensive than CEM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.39 | ||
| EV/EBITDA | 4.92 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CEM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.29
PEG (5Y)0.55
EPS Next 2Y4.66%
EPS Next 3Y5.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.01%, CEM has a reasonable but not impressive dividend return.
CEM's Dividend Yield is slightly below the industry average, which is at 3.44.
CEM's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
5.2 History
On average, the dividend of CEM grows each year by 16.93%, which is quite nice.
Dividend Growth(5Y)16.93%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
28.87% of the earnings are spent on dividend by CEM. This is a low number and sustainable payout ratio.
CEM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP28.87%
EPS Next 2Y4.66%
EPS Next 3Y5.6%
BIT:CEM (6/4/2025, 7:00:00 PM)
14.12
+0.08 (+0.57%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)
Earnings (Next)
Inst Owners10.67%
Inst Owner ChangeN/A
Ins Owners72.23%
Ins Owner ChangeN/A
Market Cap2.25B
Analysts78.18
Price Target14.03 (-0.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Yearly Dividend0.37
Dividend Growth(5Y)16.93%
DP28.87%
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)0%
PT rev (3m)5.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.19%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.51%
Revenue NY rev (3m)-0.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 10.82 | ||
| P/S | 1.33 | ||
| P/FCF | 10.39 | ||
| P/OCF | 6.53 | ||
| P/B | 1.31 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 4.92 |
EPS(TTM)1.3
EY9.21%
EPS(NY)1.3
Fwd EY9.24%
FCF(TTM)1.36
FCFY9.63%
OCF(TTM)2.16
OCFY15.31%
SpS10.6
BVpS10.79
TBVpS6.75
PEG (NY)3.29
PEG (5Y)0.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.32% | ||
| ROE | 11.74% | ||
| ROCE | 10.97% | ||
| ROIC | 8.19% | ||
| ROICexc | 10.56% | ||
| ROICexgc | 16.76% | ||
| OM | 14.57% | ||
| PM (TTM) | 11.95% | ||
| GM | 58.03% | ||
| FCFM | 12.82% |
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 Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.92 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 89.61% | ||
| Cap/Sales | 7.57% | ||
| Interest Coverage | 20.9 | ||
| Cash Conversion | 88.58% | ||
| Profit Quality | 107.25% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.4 | ||
| Altman-Z | 3.66 |
F-Score6
WACC8.14%
ROIC/WACC1.01
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)0.14%
EPS 3Y21.42%
EPS 5Y19.81%
EPS Q2Q%-5.77%
EPS Next Y3.3%
EPS Next 2Y4.66%
EPS Next 3Y5.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.43%
Revenue growth 3Y7.45%
Revenue growth 5Y6.84%
Sales Q2Q%2.53%
Revenue Next Year4.59%
Revenue Next 2Y5.06%
Revenue Next 3Y5.31%
Revenue Next 5Y4.37%
EBIT growth 1Y-4.92%
EBIT growth 3Y11.41%
EBIT growth 5Y10.66%
EBIT Next Year58.9%
EBIT Next 3Y20.31%
EBIT Next 5YN/A
FCF growth 1Y11.58%
FCF growth 3Y16.35%
FCF growth 5Y7.34%
OCF growth 1Y14.49%
OCF growth 3Y16.24%
OCF growth 5Y9.84%