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

FRA:HEI • DE0006047004

Current stock price

187.55 EUR
-1.35 (-0.71%)
Last:

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

7

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's Return On Assets of 5.37% is in line compared to the rest of the industry. HEI outperforms 57.14% of its industry peers.
  • HEI's Return On Equity of 10.69% is in line compared to the rest of the industry. HEI outperforms 57.14% of its industry peers.
  • The Return On Invested Capital of HEI (7.77%) is better than 64.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital 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 in line compared to the rest of the industry. HEI outperforms 57.14% 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 14.37%, HEI is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HEI has grown nicely.
  • Looking at the Gross Margin, with a value of 64.21%, HEI belongs to the top of the industry, outperforming 85.71% 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 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

  • HEI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, HEI has less shares outstanding
  • The number of shares outstanding for HEI has been reduced compared to 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 2.58 indicates that HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • HEI has a Altman-Z score (2.58) which is comparable to the rest of the industry.
  • 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 better Debt to FCF ratio (4.56) than 64.29% of its industry peers.
  • A Debt/Equity ratio of 0.37 indicates that HEI is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.37, HEI is in line with its industry, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.56
Altman-Z 2.58
ROIC/WACC1.15
WACC6.78%
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

  • A Current Ratio of 1.24 indicates that HEI should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.24, HEI is doing worse than 92.86% of the companies in the same industry.
  • HEI has a Quick Ratio of 1.24. This is a bad value and indicates that HEI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.84, HEI is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
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.
  • Measured over the past years, HEI shows a small growth in Revenue. The Revenue has been growing by 5.34% on average per year.
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.
  • Based on estimates for the next years, HEI will show a small growth in Revenue. The Revenue will grow by 3.52% on average per year.
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • With a Price/Earnings ratio of 32.28, HEI can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, HEI is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of HEI to the average of the S&P500 Index (27.79), we can say HEI is valued inline with the index average.
  • The Price/Forward Earnings ratio is 27.02, which means the current valuation is very expensive for HEI.
  • Based on the Price/Forward Earnings ratio, HEI is valued a bit more expensive than 78.57% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.88, HEI is valued a bit cheaper.
Industry RankSector Rank
PE 32.28
Fwd PE 27.02
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 64.29% 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 17.98
EV/EBITDA 8.72
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 decent profitability rating of HEI may justify a higher PE ratio.
PEG (NY)5.23
PEG (5Y)2.93
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 1.89%.
  • In the last 3 months the price of HEI has falen by -20.93%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • HEI's Dividend Yield is comparable with the industry average which is at 2.26.
  • Compared to an average S&P500 Dividend Yield of 1.81, HEI has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.89%

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

  • 30.34% 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.
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 (4/22/2026, 7:00:00 PM)

187.55

-1.35 (-0.71%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)02-25
Earnings (Next)05-06
Inst Owners44.74%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap33.08B
Revenue(TTM)18.07B
Net Income(TTM)1.94B
Analysts77.86
Price Target238.92 (27.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.89%
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)-3.47%
PT rev (3m)0.59%
EPS NQ rev (1m)-4.67%
EPS NQ rev (3m)-13.86%
EPS NY rev (1m)-1.74%
EPS NY rev (3m)-2.83%
Revenue NQ rev (1m)-3.36%
Revenue NQ rev (3m)-4.92%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-1.73%
Valuation
Industry RankSector Rank
PE 32.28
Fwd PE 27.02
P/S 1.54
P/FCF 17.98
P/OCF 10.16
P/B 1.82
P/tB 3.74
EV/EBITDA 8.72
EPS(TTM)5.81
EY3.1%
EPS(NY)6.94
Fwd EY3.7%
FCF(TTM)10.43
FCFY5.56%
OCF(TTM)18.45
OCFY9.84%
SpS121.68
BVpS102.99
TBVpS50.15
PEG (NY)5.23
PEG (5Y)2.93
Graham Number116.033 (-38.13%)
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 2.58
F-Score7
WACC6.78%
ROIC/WACC1.15
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 5Y14.34%
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 7 / 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 32.28 and the Price/Book (PB) ratio is 1.82.


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.