HEIDELBERG MATERIALS AG (HEI.DE) Stock Fundamental Analysis
Europe - FRA:HEI - DE0006047004 - Common Stock
195.45 EUR
+2.7 (+1.4%)
HEI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 13 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
In the past year HEI was profitable.
In the past year HEI had a positive cash flow from operations.
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.
1.2 Ratios
HEI has a better Return On Assets (5.14%) than 69.23% of its industry peers.
With a decent Return On Equity value of 10.35%, HEI is doing good in the industry, outperforming 69.23% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.73%, HEI is doing good in the industry, outperforming 69.23% of the companies in the same industry.
HEI had an Average Return On Invested Capital over the past 3 years of 6.57%. This is in line with the industry average of 8.09%.
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 76.92% of its industry peers.
In the last couple of years the Profit Margin of HEI has grown nicely.
The Operating Margin of HEI (13.55%) is better than 69.23% of its industry peers.
HEI's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 63.93%, HEI is doing good in the industry, outperforming 69.23% 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 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.
Compared to 1 year ago, HEI has less shares outstanding
HEI has less shares outstanding than it did 5 years ago.
HEI has a better debt/assets ratio than last year.
2.2 Solvency
HEI has an Altman-Z score of 2.60. 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.
The Altman-Z score of HEI (2.60) is better than 61.54% of its industry peers.
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 of 4.57. This is comparable to the rest of the industry: HEI outperforms 53.85% of its industry peers.
HEI has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
HEI has a better Debt to Equity ratio (0.38) than 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.57 | ||
| Altman-Z | 2.6 |
ROIC/WACC1.19
WACC6.51%
2.3 Liquidity
A Current Ratio of 1.13 indicates that HEI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.13, HEI is not doing good in the industry: 76.92% of the companies in the same industry are doing better.
A Quick Ratio of 0.73 indicates that HEI may have some problems paying its short term obligations.
With a Quick ratio value of 0.73, HEI is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The earnings per share for HEI have decreased by -5.37% in the last year.
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.
The Revenue has been growing slightly by 2.33% on average over the past years.
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
Based on estimates for the next years, HEI will show a small growth in Earnings Per Share. The EPS will grow by 6.10% on average per year.
Based on estimates for the next years, HEI will show a small growth in Revenue. The Revenue will grow by 5.04% on average per year.
EPS Next Y10.53%
EPS Next 2Y11.74%
EPS Next 3Y11.69%
EPS Next 5Y6.1%
Revenue Next Year3.65%
Revenue Next 2Y4.09%
Revenue Next 3Y4.47%
Revenue Next 5Y5.04%
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.
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 19.82, which indicates a rather expensive current valuation of HEI.
HEI's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.32. HEI is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 13.82, the valuation of HEI can be described as correct.
HEI's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.89. HEI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.82 | ||
| Fwd PE | 13.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HEI is valued a bit more expensive than the industry average as 69.23% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, HEI is valued a bit more expensive than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.42 | ||
| EV/EBITDA | 9.6 |
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)1.88
PEG (5Y)1.6
EPS Next 2Y11.74%
EPS Next 3Y11.69%
5. Dividend
5.1 Amount
HEI has a Yearly Dividend Yield of 1.63%.
HEI's Dividend Yield is slightly below the industry average, which is at 3.53.
Compared to the average S&P500 Dividend Yield of 2.38, HEI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
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 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.
The dividend of HEI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP33.05%
EPS Next 2Y11.74%
EPS Next 3Y11.69%
FRA:HEI (9/26/2025, 7:00:00 PM)
195.45
+2.7 (+1.4%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)
Earnings (Next)
Inst Owners37.1%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap34.87B
Analysts72.8
Price Target206.37 (5.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
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)4.16%
PT rev (3m)10.77%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.6%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.82 | ||
| Fwd PE | 13.82 | ||
| P/S | 1.65 | ||
| P/FCF | 18.42 | ||
| P/OCF | 10.6 | ||
| P/B | 2.03 | ||
| P/tB | 4.37 | ||
| EV/EBITDA | 9.6 |
EPS(TTM)9.86
EY5.04%
EPS(NY)14.15
Fwd EY7.24%
FCF(TTM)10.61
FCFY5.43%
OCF(TTM)18.44
OCFY9.44%
SpS118.57
BVpS96.5
TBVpS44.7
PEG (NY)1.88
PEG (5Y)1.6
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 | 2.6 |
F-Score7
WACC6.51%
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 Y10.53%
EPS Next 2Y11.74%
EPS Next 3Y11.69%
EPS Next 5Y6.1%
Revenue 1Y (TTM)-0.1%
Revenue growth 3Y4.16%
Revenue growth 5Y2.33%
Sales Q2Q%88.85%
Revenue Next Year3.65%
Revenue Next 2Y4.09%
Revenue Next 3Y4.47%
Revenue Next 5Y5.04%
EBIT growth 1Y8.81%
EBIT growth 3Y13.38%
EBIT growth 5Y9.93%
EBIT Next Year50.77%
EBIT Next 3Y19.61%
EBIT Next 5Y14.3%
FCF growth 1Y61.81%
FCF growth 3Y23.1%
FCF growth 5Y4.23%
OCF growth 1Y27.42%
OCF growth 3Y10.49%
OCF growth 5Y3.94%