HEIDELBERG MATERIALS AG (HEI.DE) Stock Fundamental Analysis
Europe - FRA:HEI - DE0006047004 - Common Stock
193.35 EUR
-0.8 (-0.41%)
Taking everything into account, HEI scores 4 out of 10 in our fundamental rating. HEI was compared to 14 industry peers in the Construction Materials industry. HEI scores excellent on profitability, but there are some minor concerns on its financial health. HEI is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HEI had positive earnings in the past year.
HEI had a positive operating cash flow in the past year.
Of the past 5 years HEI 4 years were profitable.
HEI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of HEI (5.14%) is better than 64.29% of its industry peers.
With a decent Return On Equity value of 10.35%, HEI is doing good in the industry, outperforming 64.29% of the companies in the same industry.
HEI's Return On Invested Capital of 7.73% is fine compared to the rest of the industry. HEI outperforms 64.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HEI is in line with the industry average of 8.19%.
The 3 year average ROIC (6.57%) for HEI is below the current ROIC(7.73%), indicating increased profibility in the last year.
| 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
HEI has a better Profit Margin (8.42%) than 71.43% of its industry peers.
HEI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 13.55%, HEI is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
HEI's Operating Margin has improved in the last couple of years.
HEI's Gross Margin of 63.93% is fine compared to the rest of the industry. HEI outperforms 71.43% of its industry peers.
HEI'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), HEI is creating some value.
HEI has less shares outstanding than it did 1 year ago.
The number of shares outstanding for HEI has been reduced compared to 5 years ago.
The debt/assets ratio for HEI has been reduced compared to a year ago.
2.2 Solvency
HEI has an Altman-Z score of 2.61. This is not the best score and indicates that HEI is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.61, HEI is in line with its industry, outperforming 57.14% of the companies in the same 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 Debt to FCF ratio (4.57) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.38 indicates that HEI is not too dependend on debt financing.
The Debt to Equity ratio of HEI (0.38) is better than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.57 | ||
| Altman-Z | 2.61 |
ROIC/WACC1.19
WACC6.52%
2.3 Liquidity
HEI has a Current Ratio of 1.13. This is a normal value and indicates that HEI is financially healthy and should not expect problems in meeting its short term obligations.
HEI has a Current ratio of 1.13. This is in the lower half of the industry: HEI underperforms 78.57% 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.
Looking at the Quick ratio, with a value of 0.73, HEI is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
HEI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.37%.
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, HEI shows a decrease in Revenue. The Revenue has decreased by -0.10% in the last year.
HEI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.33% yearly.
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
HEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.01% yearly.
Based on estimates for the next years, HEI will show a small growth in Revenue. The Revenue will grow by 5.10% on average per year.
EPS Next Y10.84%
EPS Next 2Y12.25%
EPS Next 3Y11.77%
EPS Next 5Y6.01%
Revenue Next Year3.43%
Revenue Next 2Y4.02%
Revenue Next 3Y4.3%
Revenue Next 5Y5.1%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 19.61, which indicates a rather expensive current valuation of HEI.
HEI's Price/Earnings ratio is in line with the industry average.
HEI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.55, which indicates a correct valuation of HEI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HEI is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.18, HEI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.61 | ||
| Fwd PE | 13.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HEI is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, HEI is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.22 | ||
| EV/EBITDA | 9.65 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HEI does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of HEI may justify a higher PE ratio.
PEG (NY)1.81
PEG (5Y)1.58
EPS Next 2Y12.25%
EPS Next 3Y11.77%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.69%, HEI has a reasonable but not impressive dividend return.
HEI's Dividend Yield is slightly below the industry average, which is at 3.61.
HEI's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
5.2 History
The dividend of HEI is nicely growing with an annual growth rate of 7.61%!
Dividend Growth(5Y)7.61%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
33.05% of the earnings are spent on dividend by HEI. This is a low number and sustainable payout ratio.
HEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP33.05%
EPS Next 2Y12.25%
EPS Next 3Y11.77%
FRA:HEI (10/21/2025, 5:00:47 PM)
193.35
-0.8 (-0.41%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)
Earnings (Next)
Inst Owners43.87%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap34.50B
Analysts73.08
Price Target213.04 (10.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
Yearly Dividend3.03
Dividend Growth(5Y)7.61%
DP33.05%
Div Incr Years1
Div Non Decr Years4
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)3.23%
PT rev (3m)11.98%
EPS NQ rev (1m)-3.72%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.28%
EPS NY rev (3m)-3.33%
Revenue NQ rev (1m)0.27%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-1.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.61 | ||
| Fwd PE | 13.55 | ||
| P/S | 1.63 | ||
| P/FCF | 18.22 | ||
| P/OCF | 10.48 | ||
| P/B | 2 | ||
| P/tB | 4.33 | ||
| EV/EBITDA | 9.65 |
EPS(TTM)9.86
EY5.1%
EPS(NY)14.27
Fwd EY7.38%
FCF(TTM)10.61
FCFY5.49%
OCF(TTM)18.44
OCFY9.54%
SpS118.57
BVpS96.5
TBVpS44.7
PEG (NY)1.81
PEG (5Y)1.58
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 | 2.61 |
F-Score7
WACC6.52%
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 Y10.84%
EPS Next 2Y12.25%
EPS Next 3Y11.77%
EPS Next 5Y6.01%
Revenue 1Y (TTM)-0.1%
Revenue growth 3Y4.16%
Revenue growth 5Y2.33%
Sales Q2Q%88.85%
Revenue Next Year3.43%
Revenue Next 2Y4.02%
Revenue Next 3Y4.3%
Revenue Next 5Y5.1%
EBIT growth 1Y8.81%
EBIT growth 3Y13.38%
EBIT growth 5Y9.93%
EBIT Next Year50.17%
EBIT Next 3Y19.81%
EBIT Next 5Y14.41%
FCF growth 1Y61.81%
FCF growth 3Y23.1%
FCF growth 5Y4.23%
OCF growth 1Y27.42%
OCF growth 3Y10.49%
OCF growth 5Y3.94%