HEIDELBERG MATERIALS AG (HEI.DE) Fundamental Analysis & Valuation

FRA:HEI • DE0006047004

Current stock price

185.1 EUR
+14.75 (+8.66%)
Last:

This HEI.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. HEI.DE Profitability Analysis

1.1 Basic Checks

  • HEI had positive earnings in the past year.
  • HEI had a positive operating cash flow in the past year.
  • HEI had positive earnings in 4 of the past 5 years.
  • In the past 5 years HEI always reported a positive cash flow from operatings.
HEI.DE Yearly Net Income VS EBIT VS OCF VS FCFHEI.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B -2B 3B

1.2 Ratios

  • The Return On Assets of HEI (5.14%) is better than 64.29% of its industry peers.
  • HEI has a Return On Equity of 10.35%. This is in the better half of the industry: HEI outperforms 64.29% of its industry peers.
  • HEI has a better Return On Invested Capital (7.73%) than 71.43% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HEI is in line with the industry average of 7.57%.
  • The last Return On Invested Capital (7.73%) for HEI is above the 3 year average (6.57%), which is a sign of increasing profitability.
Industry RankSector 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%
HEI.DE Yearly ROA, ROE, ROICHEI.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 -15

1.3 Margins

  • HEI has a Profit Margin of 8.42%. This is in the better half of the industry: HEI outperforms 64.29% of its industry peers.
  • HEI's Profit Margin has improved in the last couple of years.
  • HEI's Operating Margin of 13.55% is fine compared to the rest of the industry. HEI outperforms 64.29% of its industry peers.
  • HEI's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 63.93%, HEI belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HEI has remained more or less at the same level.
Industry RankSector 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%
HEI.DE Yearly Profit, Operating, Gross MarginsHEI.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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5

2. HEI.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HEI is creating some value.
  • Compared to 1 year ago, HEI has less shares outstanding
  • Compared to 5 years ago, HEI has less shares outstanding
  • The debt/assets ratio for HEI has been reduced compared to a year ago.
HEI.DE Yearly Shares OutstandingHEI.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
HEI.DE Yearly Total Debt VS Total AssetsHEI.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.45 indicates that HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of HEI (2.45) is comparable to the rest of the industry.
  • The Debt to FCF ratio of HEI is 4.57, which is a neutral value as it means it would take HEI, 4.57 years of fcf income to pay off all of its debts.
  • HEI has a better Debt to FCF ratio (4.57) than 71.43% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that HEI is not too dependend on debt financing.
  • HEI's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. HEI outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 4.57
Altman-Z 2.45
ROIC/WACC1.15
WACC6.72%
HEI.DE Yearly LT Debt VS Equity VS FCFHEI.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.13 indicates that HEI should not have too much problems paying its short term obligations.
  • The Current ratio of HEI (1.13) is worse than 85.71% of its industry peers.
  • HEI has a Quick Ratio of 1.13. This is a bad value and indicates that HEI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HEI has a Quick ratio of 0.73. This is in the lower half of the industry: HEI underperforms 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 0.73
HEI.DE Yearly Current Assets VS Current LiabilitesHEI.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. HEI.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.67% over the past year.
  • Measured over the past years, HEI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.04% on average per year.
  • The Revenue has been growing slightly by 4.68% in the past year.
  • Measured over the past years, HEI shows a small growth in Revenue. The Revenue has been growing by 5.34% on average per year.
EPS 1Y (TTM)25.67%
EPS 3Y12.66%
EPS 5Y11.04%
EPS Q2Q%N/A
Revenue 1Y (TTM)4.68%
Revenue growth 3Y10.31%
Revenue growth 5Y5.34%
Sales Q2Q%0.14%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.58% on average over the next years. This is quite good.
  • Based on estimates for the next years, HEI will show a small growth in Revenue. The Revenue will grow by 3.52% on average per year.
EPS Next Y6.17%
EPS Next 2Y9.35%
EPS Next 3Y11.32%
EPS Next 5Y12.58%
Revenue Next Year6.26%
Revenue Next 2Y-1%
Revenue Next 3Y1.22%
Revenue Next 5Y3.52%

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 stable.
  • 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.
HEI.DE Yearly Revenue VS EstimatesHEI.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B 25B
HEI.DE Yearly EPS VS EstimatesHEI.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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2

4. HEI.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 31.86 indicates a quite expensive valuation of HEI.
  • Based on the Price/Earnings ratio, HEI is valued a bit more expensive than 64.29% of the companies in the same industry.
  • HEI is valuated rather expensively when we compare the Price/Earnings ratio to 26.21, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 26.66, which means the current valuation is very expensive for HEI.
  • Based on the Price/Forward Earnings ratio, HEI is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
  • HEI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 31.86
Fwd PE 26.66
HEI.DE Price Earnings VS Forward Price EarningsHEI.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • HEI's Enterprise Value to EBITDA is on the same level as the industry average.
  • HEI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 17.24
EV/EBITDA 8.6
HEI.DE Per share dataHEI.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • HEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.16
PEG (5Y)2.89
EPS Next 2Y9.35%
EPS Next 3Y11.32%

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6

5. HEI.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.02%, HEI has a reasonable but not impressive dividend return.
  • In the last 3 months the price of HEI has falen by -26.22%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • HEI's Dividend Yield is comparable with the industry average which is at 2.41.
  • HEI's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.02%

5.2 History

  • On average, the dividend of HEI grows each year by 7.61%, which is quite nice.
Dividend Growth(5Y)7.61%
Div Incr Years2
Div Non Decr Years5
HEI.DE Yearly Dividends per shareHEI.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 33.05% of the earnings are spent on dividend by HEI. This is a low number and sustainable payout ratio.
  • The dividend of HEI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP33.05%
EPS Next 2Y9.35%
EPS Next 3Y11.32%
HEI.DE Yearly Income VS Free CF VS DividendHEI.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B -2B
HEI.DE Dividend Payout.HEI.DE Dividend Payout, showing the Payout Ratio.HEI.DE Dividend Payout.PayoutRetained Earnings

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HEI.DE Fundamentals: All Metrics, Ratios and Statistics

HEIDELBERG MATERIALS AG

FRA:HEI (4/8/2026, 12:00:13 PM)

185.1

+14.75 (+8.66%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)02-25
Earnings (Next)07-30
Inst Owners44.82%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap32.65B
Revenue(TTM)18.07B
Net Income(TTM)1.78B
Analysts77.86
Price Target239.65 (29.47%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.02%
Yearly Dividend3.03
Dividend Growth(5Y)7.61%
DP33.05%
Div Incr Years2
Div Non Decr Years5
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)-3.18%
PT rev (3m)3.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.26%
Valuation
Industry RankSector Rank
PE 31.86
Fwd PE 26.66
P/S 1.54
P/FCF 17.24
P/OCF 9.92
P/B 1.9
P/tB 4.09
EV/EBITDA 8.6
EPS(TTM)5.81
EY3.14%
EPS(NY)6.94
Fwd EY3.75%
FCF(TTM)10.73
FCFY5.8%
OCF(TTM)18.66
OCFY10.08%
SpS119.95
BVpS97.63
TBVpS45.22
PEG (NY)5.16
PEG (5Y)2.89
Graham Number112.97
Profitability
Industry RankSector 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%
ROICexgc growth 3Y8.18%
ROICexgc 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 RankSector 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 2.45
F-Score7
WACC6.72%
ROIC/WACC1.15
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)25.67%
EPS 3Y12.66%
EPS 5Y11.04%
EPS Q2Q%N/A
EPS Next Y6.17%
EPS Next 2Y9.35%
EPS Next 3Y11.32%
EPS Next 5Y12.58%
Revenue 1Y (TTM)4.68%
Revenue growth 3Y10.31%
Revenue growth 5Y5.34%
Sales Q2Q%0.14%
Revenue Next Year6.26%
Revenue Next 2Y-1%
Revenue Next 3Y1.22%
Revenue Next 5Y3.52%
EBIT growth 1Y8.81%
EBIT growth 3Y13.38%
EBIT growth 5Y9.93%
EBIT Next Year47.91%
EBIT Next 3Y19.32%
EBIT Next 5Y14.51%
FCF growth 1Y61.81%
FCF growth 3Y23.1%
FCF growth 5Y4.23%
OCF growth 1Y27.42%
OCF growth 3Y10.49%
OCF growth 5Y3.94%

HEIDELBERG MATERIALS AG / HEI.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of HEIDELBERG MATERIALS AG (HEI.DE) stock?

ChartMill assigns a fundamental rating of 5 / 10 to HEI.DE.


What is the valuation status of HEIDELBERG MATERIALS AG (HEI.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to HEIDELBERG MATERIALS AG (HEI.DE). This can be considered as Overvalued.


How profitable is HEIDELBERG MATERIALS AG (HEI.DE) stock?

HEIDELBERG MATERIALS AG (HEI.DE) has a profitability rating of 7 / 10.


What are the PE and PB ratios of HEIDELBERG MATERIALS AG (HEI.DE) stock?

The Price/Earnings (PE) ratio for HEIDELBERG MATERIALS AG (HEI.DE) is 31.86 and the Price/Book (PB) ratio is 1.9.


Can you provide the expected EPS growth for HEI stock?

The Earnings per Share (EPS) of HEIDELBERG MATERIALS AG (HEI.DE) is expected to grow by 6.17% in the next year.