HEIDELBERG MATERIALS AG (1HEI.MI) Stock Fundamental Analysis
BIT:1HEI - Euronext Milan - DE0006047004 - Common Stock - Currency: EUR
1HEI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Construction Materials industry. 1HEI has an excellent profitability rating, but there are some minor concerns on its financial health. 1HEI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 1HEI was profitable.
1HEI had a positive operating cash flow in the past year.
1HEI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years 1HEI had a positive operating cash flow.
1.2 Ratios
1HEI has a Return On Assets of 4.78%. This is in the better half of the industry: 1HEI outperforms 64.29% of its industry peers.
1HEI's Return On Equity of 9.48% is fine compared to the rest of the industry. 1HEI outperforms 64.29% of its industry peers.
1HEI has a Return On Invested Capital of 7.14%. This is in the better half of the industry: 1HEI outperforms 64.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 1HEI is in line with the industry average of 7.71%.
The 3 year average ROIC (6.57%) for 1HEI is below the current ROIC(7.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 9.48% | ||
| ROIC | 7.14% |
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
1HEI has a Profit Margin of 8.42%. This is in the better half of the industry: 1HEI outperforms 64.29% of its industry peers.
In the last couple of years the Profit Margin of 1HEI has grown nicely.
1HEI's Operating Margin of 13.55% is fine compared to the rest of the industry. 1HEI outperforms 64.29% of its industry peers.
1HEI's Operating Margin has improved in the last couple of years.
The Gross Margin of 1HEI (63.93%) is better than 78.57% of its industry peers.
1HEI'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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 1HEI is still creating some value.
The number of shares outstanding for 1HEI has been reduced compared to 1 year ago.
Compared to 5 years ago, 1HEI has less shares outstanding
The debt/assets ratio for 1HEI has been reduced compared to a year ago.
2.2 Solvency
1HEI has an Altman-Z score of 2.52. This is not the best score and indicates that 1HEI 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 2.52, 1HEI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
The Debt to FCF ratio of 1HEI is 4.70, which is a neutral value as it means it would take 1HEI, 4.70 years of fcf income to pay off all of its debts.
1HEI has a Debt to FCF ratio of 4.70. This is comparable to the rest of the industry: 1HEI outperforms 57.14% of its industry peers.
A Debt/Equity ratio of 0.36 indicates that 1HEI is not too dependend on debt financing.
1HEI has a Debt to Equity ratio of 0.36. This is in the better half of the industry: 1HEI outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 4.7 | ||
| Altman-Z | 2.52 |
ROIC/WACC1.09
WACC6.54%
2.3 Liquidity
1HEI has a Current Ratio of 1.25. This is a normal value and indicates that 1HEI is financially healthy and should not expect problems in meeting its short term obligations.
1HEI has a worse Current ratio (1.25) than 64.29% of its industry peers.
A Quick Ratio of 0.86 indicates that 1HEI may have some problems paying its short term obligations.
1HEI has a worse Quick ratio (0.86) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 25.67% over the past year.
1HEI 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.
1HEI 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%2.28%
Revenue 1Y (TTM)4.68%
Revenue growth 3Y10.31%
Revenue growth 5Y5.34%
Sales Q2Q%6.12%
3.2 Future
Based on estimates for the next years, 1HEI will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.58% on average per year.
1HEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.52% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 34.60, the valuation of 1HEI can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of 1HEI indicates a slightly more expensive valuation: 1HEI is more expensive than 64.29% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of 1HEI to the average of the S&P500 Index (27.41), we can say 1HEI is valued slightly more expensively.
A Price/Forward Earnings ratio of 28.95 indicates a quite expensive valuation of 1HEI.
1HEI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. 1HEI is more expensive than 64.29% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, 1HEI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.6 | ||
| Fwd PE | 28.95 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1HEI indicates a slightly more expensive valuation: 1HEI is more expensive than 71.43% of the companies listed in the same industry.
1HEI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.69 | ||
| EV/EBITDA | 9.34 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
1HEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.61
PEG (5Y)3.13
EPS Next 2Y9.35%
EPS Next 3Y11.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.61%, 1HEI has a reasonable but not impressive dividend return.
1HEI's Dividend Yield is slightly below the industry average, which is at 3.51.
1HEI's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.61% |
5.2 History
The dividend of 1HEI is nicely growing with an annual growth rate of 7.61%!
Dividend Growth(5Y)7.61%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
1HEI pays out 30.65% of its income as dividend. This is a sustainable payout ratio.
1HEI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.65%
EPS Next 2Y9.35%
EPS Next 3Y11.32%
BIT:1HEI (7/8/2025, 7:00:00 PM)
201
+1 (+0.5%)
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 Cap35.86B
Analysts73.33
Price Target187.51 (-6.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.61% |
Yearly Dividend3.03
Dividend Growth(5Y)7.61%
DP30.65%
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)2
Avg Revenue beat(2)1.33%
Min Revenue beat(2)1.11%
Max Revenue beat(2)1.55%
Revenue beat(4)2
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-5.48%
Max Revenue beat(4)1.55%
Revenue beat(8)2
Avg Revenue beat(8)-1.65%
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)9.93%
PT rev (3m)15.51%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.6 | ||
| Fwd PE | 28.95 | ||
| P/S | 1.7 | ||
| P/FCF | 19.69 | ||
| P/OCF | 11.1 | ||
| P/B | 1.91 | ||
| P/tB | 3.83 | ||
| EV/EBITDA | 9.34 |
EPS(TTM)5.81
EY2.89%
EPS(NY)6.94
Fwd EY3.45%
FCF(TTM)10.21
FCFY5.08%
OCF(TTM)18.11
OCFY9.01%
SpS118.57
BVpS105.34
TBVpS52.54
PEG (NY)5.61
PEG (5Y)3.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 9.48% | ||
| ROCE | 9.54% | ||
| ROIC | 7.14% | ||
| ROICexc | 7.99% | ||
| ROICexgc | 12.31% | ||
| OM | 13.55% | ||
| PM (TTM) | 8.42% | ||
| GM | 63.93% | ||
| FCFM | 8.61% |
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-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 4.7 | ||
| Debt/EBITDA | 1.54 | ||
| Cap/Depr | 91.27% | ||
| Cap/Sales | 6.67% | ||
| Interest Coverage | 8.08 | ||
| Cash Conversion | 73.24% | ||
| Profit Quality | 102.23% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 2.52 |
F-Score6
WACC6.54%
ROIC/WACC1.09
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%2.28%
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%6.12%
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 Year50.77%
EBIT Next 3Y19.61%
EBIT Next 5Y13.39%
FCF growth 1Y-2.87%
FCF growth 3Y23.1%
FCF growth 5Y4.23%
OCF growth 1Y0.83%
OCF growth 3Y10.49%
OCF growth 5Y3.94%