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

FRA:HEI • DE0006047004

Current stock price

188.35 EUR
+2.15 (+1.15%)
Last:

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

8

1. HEI.DE Profitability Analysis

1.1 Basic Checks

  • In the past year HEI was profitable.
  • In the past year HEI had a positive cash flow from operations.
  • HEI had positive earnings in each 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 2025 0 1B -1B 2B -2B 3B

1.2 Ratios

  • HEI has a better Return On Assets (5.37%) than 64.29% of its industry peers.
  • With a decent Return On Equity value of 10.69%, HEI is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 7.77%, HEI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HEI is in line with the industry average of 7.13%.
  • The last Return On Invested Capital (7.77%) for HEI is above the 3 year average (7.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.37%
ROE 10.69%
ROIC 7.77%
ROA(3y)5.2%
ROA(5y)5.12%
ROE(3y)10.45%
ROE(5y)10.48%
ROIC(3y)7.23%
ROIC(5y)6.51%
HEI.DE Yearly ROA, ROE, ROICHEI.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10 -15

1.3 Margins

  • HEI's Profit Margin of 9.04% is fine compared to the rest of the industry. HEI outperforms 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of HEI has grown nicely.
  • The Operating Margin of HEI (14.37%) is better than 71.43% of its industry peers.
  • HEI's Operating Margin has improved in the last couple of years.
  • The Gross Margin of HEI (64.21%) is better than 92.86% of its industry peers.
  • In the last couple of years the Gross Margin of HEI has remained more or less at the same level.
Industry RankSector Rank
OM 14.37%
PM (TTM) 9.04%
GM 64.21%
OM growth 3Y14.72%
OM growth 5Y5.04%
PM growth 3Y6.12%
PM growth 5YN/A
GM growth 3Y2.9%
GM growth 5Y0.4%
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 2025 0 20 40 60

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4

2. HEI.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEI is still creating some value.
  • The number of shares outstanding for HEI has been reduced compared to 1 year ago.
  • HEI has less shares outstanding than it did 5 years ago.
  • HEI has a worse debt/assets ratio than last year.
HEI.DE Yearly Shares OutstandingHEI.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.57 indicates that HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • HEI has a Altman-Z score of 2.57. This is comparable to the rest of the industry: HEI outperforms 57.14% of its industry peers.
  • The Debt to FCF ratio of HEI is 4.56, which is a neutral value as it means it would take HEI, 4.56 years of fcf income to pay off all of its debts.
  • HEI has a Debt to FCF ratio (4.56) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.37 indicates that HEI is not too dependend on debt financing.
  • HEI's Debt to Equity ratio of 0.37 is in line compared to the rest of the industry. HEI outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.56
Altman-Z 2.57
ROIC/WACC1.16
WACC6.7%
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 2025 5B 10B 15B

2.3 Liquidity

  • HEI has a Current Ratio of 1.24. 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 worse Current ratio (1.24) than 92.86% of its industry peers.
  • A Quick Ratio of 0.84 indicates that HEI may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.84, HEI is doing worse than 78.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 0.84
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 2025 2B 4B 6B 8B

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5

3. HEI.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.67% over the past year.
  • HEI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.04% yearly.
  • The Revenue has been growing slightly by 4.68% in the past year.
  • HEI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.34% yearly.
EPS 1Y (TTM)25.67%
EPS 3Y12.66%
EPS 5Y11.04%
EPS Q2Q%5.35%
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.
  • The Revenue is expected to grow by 3.52% on average over the next years.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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1

4. HEI.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 32.42 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.
  • The average S&P500 Price/Earnings ratio is at 26.51. HEI is valued slightly more expensive when compared to this.
  • Based on the Price/Forward Earnings ratio of 27.13, the valuation of HEI can be described as expensive.
  • HEI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. HEI is more expensive than 78.57% of the companies in the same industry.
  • HEI is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.41, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 32.42
Fwd PE 27.13
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 ratio is a bit more expensive when compared to the industry. HEI is more expensive than 78.57% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HEI indicates a slightly more expensive valuation: HEI is more expensive than 64.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 18.05
EV/EBITDA 8.7
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 HEI does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of HEI may justify a higher PE ratio.
PEG (NY)5.26
PEG (5Y)2.94
EPS Next 2Y9.35%
EPS Next 3Y11.32%

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4

5. HEI.DE Dividend Analysis

5.1 Amount

  • HEI has a Yearly Dividend Yield of 1.91%.
  • HEI's Dividend Yield is slightly below the industry average, which is at 2.34.
  • HEI's Dividend Yield is comparable with the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.91%

5.2 History

  • On average, the dividend of HEI grows each year by 40.78%, which is quite nice.
Dividend Growth(5Y)40.78%
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

  • HEI pays out 30.34% of its income as dividend. This is a sustainable payout ratio.
  • HEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.34%
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 2025 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 (4/30/2026, 7:00:00 PM)

188.35

+2.15 (+1.15%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Industry Strength31.76
Industry Growth40
Earnings (Last)02-25
Earnings (Next)05-06
Inst Owners44.74%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap33.22B
Revenue(TTM)18.07B
Net Income(TTM)1.94B
Analysts77.86
Price Target235.04 (24.79%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.91%
Yearly Dividend3.32
Dividend Growth(5Y)40.78%
DP30.34%
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)0
Avg Revenue beat(2)-1.84%
Min Revenue beat(2)-1.9%
Max Revenue beat(2)-1.78%
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)-1.93%
PT rev (3m)-1.04%
EPS NQ rev (1m)-4.67%
EPS NQ rev (3m)-13.86%
EPS NY rev (1m)-1.74%
EPS NY rev (3m)-2.77%
Revenue NQ rev (1m)-2.33%
Revenue NQ rev (3m)-4.92%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-1.73%
Valuation
Industry RankSector Rank
PE 32.42
Fwd PE 27.13
P/S 1.55
P/FCF 18.05
P/OCF 10.21
P/B 1.83
P/tB 3.76
EV/EBITDA 8.7
EPS(TTM)5.81
EY3.08%
EPS(NY)6.94
Fwd EY3.69%
FCF(TTM)10.43
FCFY5.54%
OCF(TTM)18.45
OCFY9.8%
SpS121.68
BVpS102.99
TBVpS50.15
PEG (NY)5.26
PEG (5Y)2.94
Graham Number116.033 (-38.4%)
Profitability
Industry RankSector Rank
ROA 5.37%
ROE 10.69%
ROCE 10.57%
ROIC 7.77%
ROICexc 8.54%
ROICexgc 13.17%
OM 14.37%
PM (TTM) 9.04%
GM 64.21%
FCFM 8.57%
ROA(3y)5.2%
ROA(5y)5.12%
ROE(3y)10.45%
ROE(5y)10.48%
ROIC(3y)7.23%
ROIC(5y)6.51%
ROICexc(3y)8.04%
ROICexc(5y)7.2%
ROICexgc(3y)12.36%
ROICexgc(5y)11.04%
ROCE(3y)9.83%
ROCE(5y)8.85%
ROICexgc growth 3Y14.96%
ROICexgc growth 5Y5.73%
ROICexc growth 3Y14.02%
ROICexc growth 5Y6.7%
OM growth 3Y14.72%
OM growth 5Y5.04%
PM growth 3Y6.12%
PM growth 5YN/A
GM growth 3Y2.9%
GM growth 5Y0.4%
F-Score7
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.56
Debt/EBITDA 1.51
Cap/Depr 101.24%
Cap/Sales 6.59%
Interest Coverage 8.66
Cash Conversion 72.62%
Profit Quality 94.81%
Current Ratio 1.24
Quick Ratio 0.84
Altman-Z 2.57
F-Score7
WACC6.7%
ROIC/WACC1.16
Cap/Depr(3y)100.11%
Cap/Depr(5y)104.8%
Cap/Sales(3y)6.51%
Cap/Sales(5y)6.69%
Profit Quality(3y)98.09%
Profit Quality(5y)83.55%
High Growth Momentum
Growth
EPS 1Y (TTM)25.67%
EPS 3Y12.66%
EPS 5Y11.04%
EPS Q2Q%5.35%
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 1Y7.57%
EBIT growth 3Y15.38%
EBIT growth 5Y9.29%
EBIT Next Year47.99%
EBIT Next 3Y19.49%
EBIT Next 5Y13.57%
FCF growth 1Y1.02%
FCF growth 3Y19.26%
FCF growth 5Y-2.21%
OCF growth 1Y0.71%
OCF growth 3Y10.38%
OCF growth 5Y1.46%

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 1 / 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 8 / 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 32.42 and the Price/Book (PB) ratio is 1.83.


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.