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

FRA:HEI • DE0006047004

Current stock price

179.75 EUR
-1.55 (-0.85%)
Last:

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

6

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.
  • Of the past 5 years HEI 4 years were profitable.
  • HEI had a positive operating cash flow in each of the past 5 years.
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 0 1B -1B 2B -2B 3B

1.2 Ratios

  • HEI has a Return On Assets of 5.14%. This is comparable to the rest of the industry: HEI outperforms 57.14% of its industry peers.
  • HEI has a Return On Equity (10.35%) which is comparable to the rest of the industry.
  • HEI has a Return On Invested Capital of 7.73%. This is in the better half of the industry: HEI outperforms 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 7.87%.
  • The 3 year average ROIC (6.57%) for HEI is below the current ROIC(7.73%), indicating increased profibility in the last year.
Industry RankSector 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%
HEI.DE Yearly ROA, ROE, ROICHEI.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 -15

1.3 Margins

  • HEI has a Profit Margin (8.42%) which is in line with its industry peers.
  • HEI's Profit Margin has improved in the last couple of years.
  • HEI has a Operating Margin of 13.55%. This is comparable to the rest of the industry: HEI outperforms 57.14% 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 71.43% 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 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%
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 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 better 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 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 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.52 indicates that HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • HEI's Altman-Z score of 2.52 is fine compared to the rest of the industry. HEI outperforms 64.29% 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 50.00% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that HEI is not too dependend on debt financing.
  • HEI's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. HEI outperforms 42.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 4.57
Altman-Z 2.52
ROIC/WACC1.11
WACC6.97%
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 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.13 indicates that HEI should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.13, HEI is doing worse than 92.86% of the companies in the same industry.
  • 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: 85.71% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 0.73
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 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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.
  • HEI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.68%.
  • 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%N/A
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.
  • HEI 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.
  • 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 30.94, 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 (25.23), we can say HEI is valued slightly more expensively.
  • The Price/Forward Earnings ratio is 25.89, 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 the industry average as 78.57% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of HEI to the average of the S&P500 Index (22.51), we can say HEI is valued inline with the index average.
Industry RankSector Rank
PE 30.94
Fwd PE 25.89
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HEI indicates a slightly more expensive valuation: HEI is more expensive than 78.57% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, HEI is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 16.74
EV/EBITDA 9.04
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)5.02
PEG (5Y)2.8
EPS Next 2Y9.35%
EPS Next 3Y11.32%

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6

5. HEI.DE Dividend Analysis

5.1 Amount

  • HEI has a Yearly Dividend Yield of 1.99%.
  • Compared to an average industry Dividend Yield of 2.40, HEI has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.90, HEI has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.99%

5.2 History

  • The dividend of HEI is nicely growing with an annual growth rate of 7.61%!
Dividend Growth(5Y)7.61%
Div Incr Years1
Div Non Decr Years4
HEI.DE Yearly Dividends per shareHEI.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

  • HEI pays out 33.05% of its income as dividend. This is a sustainable payout ratio.
  • HEI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP33.05%
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 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 (3/26/2026, 7:00:00 PM)

179.75

-1.55 (-0.85%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)02-25
Earnings (Next)07-30
Inst Owners44.82%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap31.70B
Revenue(TTM)18.07B
Net Income(TTM)1.78B
Analysts74.29
Price Target247.52 (37.7%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.99%
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)0.1%
PT rev (3m)9.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.14%
EPS NY rev (3m)0.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE 30.94
Fwd PE 25.89
P/S 1.5
P/FCF 16.74
P/OCF 9.63
P/B 1.84
P/tB 3.98
EV/EBITDA 9.04
EPS(TTM)5.81
EY3.23%
EPS(NY)6.94
Fwd EY3.86%
FCF(TTM)10.73
FCFY5.97%
OCF(TTM)18.66
OCFY10.38%
SpS119.95
BVpS97.63
TBVpS45.22
PEG (NY)5.02
PEG (5Y)2.8
Graham Number112.97
Profitability
Industry RankSector 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%
ROICexgc growth 3Y8.18%
ROICexgc 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 RankSector 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 2.52
F-Score7
WACC6.97%
ROIC/WACC1.11
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%N/A
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 1Y8.81%
EBIT growth 3Y13.38%
EBIT growth 5Y9.93%
EBIT Next Year47.91%
EBIT Next 3Y19.32%
EBIT Next 5Y14.51%
FCF growth 1Y61.81%
FCF growth 3Y23.1%
FCF growth 5Y4.23%
OCF growth 1Y27.42%
OCF growth 3Y10.49%
OCF growth 5Y3.94%

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.


Can you provide the valuation status for HEIDELBERG MATERIALS AG?

ChartMill assigns a valuation rating of 1 / 10 to HEIDELBERG MATERIALS AG (HEI.DE). This can be considered as Overvalued.


Can you provide the profitability details for HEIDELBERG MATERIALS AG?

HEIDELBERG MATERIALS AG (HEI.DE) has a profitability rating of 6 / 10.


Can you provide the financial health for HEI stock?

The financial health rating of HEIDELBERG MATERIALS AG (HEI.DE) is 4 / 10.


What is the earnings growth outlook for HEIDELBERG MATERIALS AG?

The Earnings per Share (EPS) of HEIDELBERG MATERIALS AG (HEI.DE) is expected to grow by 6.17% in the next year.