CEMENTIR HOLDING NV (CEM.MI) Stock Fundamental Analysis
BIT:CEM - Euronext Milan - NL0013995087 - Common Stock - Currency: EUR
CEM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 11 industry peers in the Construction Materials industry. CEM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. CEM has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
CEM had positive earnings in the past year.
CEM had a positive operating cash flow in the past year.
Each year in the past 5 years CEM has been profitable.
Each year in the past 5 years CEM had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.32%, CEM belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
CEM's Return On Equity of 11.74% is amongst the best of the industry. CEM outperforms 81.82% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.19%, CEM belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CEM is in line with the industry average of 8.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.32% | ||
| ROE | 11.74% | ||
| ROIC | 8.19% |
ROA(3y)7.27%
ROA(5y)6.35%
ROE(3y)12.33%
ROE(5y)11.41%
ROIC(3y)8.33%
ROIC(5y)8.07%
1.3 Margins
CEM's Profit Margin of 11.95% is amongst the best of the industry. CEM outperforms 90.91% of its industry peers.
CEM's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 14.57%, CEM belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
In the last couple of years the Operating Margin of CEM has grown nicely.
CEM has a Gross Margin (58.03%) which is in line with its industry peers.
CEM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.57% | ||
| PM (TTM) | 11.95% | ||
| GM | 58.03% |
OM growth 3Y3.69%
OM growth 5Y3.57%
PM growth 3Y12.78%
PM growth 5Y11.63%
GM growth 3Y-1.17%
GM growth 5Y4.19%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CEM is still creating some value.
The number of shares outstanding for CEM remains at a similar level compared to 1 year ago.
Compared to 5 years ago, CEM has less shares outstanding
CEM has a better debt/assets ratio than last year.
2.2 Solvency
CEM has an Altman-Z score of 3.65. This indicates that CEM is financially healthy and has little risk of bankruptcy at the moment.
CEM has a Altman-Z score of 3.65. This is amongst the best in the industry. CEM outperforms 90.91% of its industry peers.
The Debt to FCF ratio of CEM is 0.92, which is an excellent value as it means it would take CEM, only 0.92 years of fcf income to pay off all of its debts.
CEM's Debt to FCF ratio of 0.92 is amongst the best of the industry. CEM outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that CEM is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.09, CEM belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.92 | ||
| Altman-Z | 3.65 |
ROIC/WACC1.01
WACC8.15%
2.3 Liquidity
A Current Ratio of 1.85 indicates that CEM should not have too much problems paying its short term obligations.
CEM has a Current ratio of 1.85. This is in the better half of the industry: CEM outperforms 63.64% of its industry peers.
CEM has a Quick Ratio of 1.40. This is a normal value and indicates that CEM is financially healthy and should not expect problems in meeting its short term obligations.
CEM's Quick ratio of 1.40 is fine compared to the rest of the industry. CEM outperforms 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.4 |
3. Growth
3.1 Past
CEM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.14%.
The Earnings Per Share has been growing by 19.81% on average over the past years. This is quite good.
The Revenue has decreased by -0.43% in the past year.
CEM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.84% yearly.
EPS 1Y (TTM)0.14%
EPS 3Y21.42%
EPS 5Y19.81%
EPS Q2Q%-5.77%
Revenue 1Y (TTM)-0.43%
Revenue growth 3Y7.45%
Revenue growth 5Y6.84%
Sales Q2Q%2.53%
3.2 Future
Based on estimates for the next years, CEM will show a small growth in Earnings Per Share. The EPS will grow by 5.60% on average per year.
The Revenue is expected to grow by 4.37% on average over the next years.
EPS Next Y3.3%
EPS Next 2Y4.66%
EPS Next 3Y5.6%
EPS Next 5YN/A
Revenue Next Year5.3%
Revenue Next 2Y5.4%
Revenue Next 3Y5.51%
Revenue Next 5Y4.37%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 10.95, which indicates a very decent valuation of CEM.
Based on the Price/Earnings ratio, CEM is valued a bit cheaper than 63.64% of the companies in the same industry.
When comparing the Price/Earnings ratio of CEM to the average of the S&P500 Index (28.79), we can say CEM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.91, the valuation of CEM can be described as reasonable.
CEM's Price/Forward Earnings is on the same level as the industry average.
CEM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.95 | ||
| Fwd PE | 10.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CEM indicates a rather cheap valuation: CEM is cheaper than 81.82% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CEM is valued cheaper than 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.48 | ||
| EV/EBITDA | 4.84 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CEM may justify a higher PE ratio.
PEG (NY)3.32
PEG (5Y)0.55
EPS Next 2Y4.66%
EPS Next 3Y5.6%
5. Dividend
5.1 Amount
CEM has a Yearly Dividend Yield of 2.06%.
Compared to an average industry Dividend Yield of 3.68, CEM is paying slightly less dividend.
CEM's Dividend Yield is comparable with the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.06% |
5.2 History
On average, the dividend of CEM grows each year by 16.93%, which is quite nice.
Dividend Growth(5Y)16.93%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CEM pays out 28.87% of its income as dividend. This is a sustainable payout ratio.
The dividend of CEM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.87%
EPS Next 2Y4.66%
EPS Next 3Y5.6%
BIT:CEM (4/25/2025, 7:00:00 PM)
14.24
+0.4 (+2.89%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)
Earnings (Next)
Inst Owners10.67%
Inst Owner ChangeN/A
Ins Owners72.23%
Ins Owner ChangeN/A
Market Cap2.27B
Analysts80
Price Target14.03 (-1.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.06% |
Yearly Dividend0.37
Dividend Growth(5Y)16.93%
DP28.87%
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)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)0%
PT rev (3m)13.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.19%
EPS NY rev (3m)7.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.95 | ||
| Fwd PE | 10.91 | ||
| P/S | 1.34 | ||
| P/FCF | 10.48 | ||
| P/OCF | 6.59 | ||
| P/B | 1.32 | ||
| P/tB | 2.11 | ||
| EV/EBITDA | 4.84 |
EPS(TTM)1.3
EY9.13%
EPS(NY)1.3
Fwd EY9.16%
FCF(TTM)1.36
FCFY9.54%
OCF(TTM)2.16
OCFY15.18%
SpS10.6
BVpS10.79
TBVpS6.75
PEG (NY)3.32
PEG (5Y)0.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.32% | ||
| ROE | 11.74% | ||
| ROCE | 10.97% | ||
| ROIC | 8.19% | ||
| ROICexc | 10.56% | ||
| ROICexgc | 16.76% | ||
| OM | 14.57% | ||
| PM (TTM) | 11.95% | ||
| GM | 58.03% | ||
| FCFM | 12.82% |
ROA(3y)7.27%
ROA(5y)6.35%
ROE(3y)12.33%
ROE(5y)11.41%
ROIC(3y)8.33%
ROIC(5y)8.07%
ROICexc(3y)10.65%
ROICexc(5y)10.32%
ROICexgc(3y)17.16%
ROICexgc(5y)17.1%
ROCE(3y)11.16%
ROCE(5y)10.8%
ROICexcg growth 3Y2.63%
ROICexcg growth 5Y9%
ROICexc growth 3Y2.86%
ROICexc growth 5Y8.55%
OM growth 3Y3.69%
OM growth 5Y3.57%
PM growth 3Y12.78%
PM growth 5Y11.63%
GM growth 3Y-1.17%
GM growth 5Y4.19%
F-Score6
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.92 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 89.61% | ||
| Cap/Sales | 7.57% | ||
| Interest Coverage | 20.9 | ||
| Cash Conversion | 88.58% | ||
| Profit Quality | 107.25% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.4 | ||
| Altman-Z | 3.65 |
F-Score6
WACC8.15%
ROIC/WACC1.01
Cap/Depr(3y)85.34%
Cap/Depr(5y)77.33%
Cap/Sales(3y)6.65%
Cap/Sales(5y)6.15%
Profit Quality(3y)104.05%
Profit Quality(5y)121.12%
High Growth Momentum
Growth
EPS 1Y (TTM)0.14%
EPS 3Y21.42%
EPS 5Y19.81%
EPS Q2Q%-5.77%
EPS Next Y3.3%
EPS Next 2Y4.66%
EPS Next 3Y5.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.43%
Revenue growth 3Y7.45%
Revenue growth 5Y6.84%
Sales Q2Q%2.53%
Revenue Next Year5.3%
Revenue Next 2Y5.4%
Revenue Next 3Y5.51%
Revenue Next 5Y4.37%
EBIT growth 1Y-4.92%
EBIT growth 3Y11.41%
EBIT growth 5Y10.66%
EBIT Next Year58.23%
EBIT Next 3Y20.61%
EBIT Next 5YN/A
FCF growth 1Y11.58%
FCF growth 3Y16.35%
FCF growth 5Y7.34%
OCF growth 1Y14.49%
OCF growth 3Y16.24%
OCF growth 5Y9.84%