HEIDELBERG MATERIALS AG (HEI.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:HEI - DE0006047004 - Common Stock
238.7 EUR
+9.8 (+4.28%)
HEI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Construction Materials industry. While HEI has a great profitability rating, there are some minor concerns on its financial health. HEI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- HEI had positive earnings in the past year.
- HEI had a positive operating cash flow in the past year.
- Of the past 5 years HEI 4 years were profitable.
- In the past 5 years HEI always reported a positive cash flow from operatings.
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 better Return On Equity (10.35%) than 64.29% of its industry peers.
- 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.
- 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 7.80%.
- The last Return On Invested Capital (7.73%) for HEI is above the 3 year average (6.57%), which is a sign of increasing profitability.
| 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 64.29% of its industry peers.
- In the last couple of years the Profit Margin of HEI has grown nicely.
- 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 78.57% 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEI is still creating some value.
- Compared to 1 year ago, HEI has less shares outstanding
- Compared to 5 years ago, HEI has less shares outstanding
- HEI has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.83 indicates that HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of HEI (2.83) is comparable to the rest of the industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 4.57, HEI is in line with its industry, outperforming 42.86% of the companies in the same industry.
- A Debt/Equity ratio of 0.38 indicates that HEI is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.38, HEI perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.57 | ||
| Altman-Z | 2.83 |
ROIC/WACC1.13
WACC6.82%
2.3 Liquidity
- A Current Ratio of 1.13 indicates that HEI should not have too much problems paying its short term obligations.
- HEI has a Current ratio of 1.13. This is amonst the worse of the industry: HEI underperforms 92.86% of its industry peers.
- HEI has a Quick Ratio of 1.13. This is a bad value and indicates that HEI is not financially healthy enough and could expect problems in meeting its short term obligations.
- HEI has a Quick ratio of 0.73. This is amonst the worse of the industry: HEI underperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
- HEI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.67%, which is quite impressive.
- Measured over the past years, HEI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.04% on average per year.
- The Revenue has been growing slightly by 4.68% in the past year.
- 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%0.89%
3.2 Future
- The Earnings Per Share is expected to grow by 12.58% on average over the next years. This is quite good.
- The Revenue is expected to grow by 3.52% on average over the next years.
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
- With a Price/Earnings ratio of 41.08, 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 (27.32), we can say HEI is valued expensively.
- Based on the Price/Forward Earnings ratio of 34.39, the valuation of HEI can be described as expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HEI indicates a slightly more expensive valuation: HEI is more expensive than 78.57% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.32, HEI is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.08 | ||
| Fwd PE | 34.39 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, HEI is valued more expensive than 85.71% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, HEI is valued a bit more expensive than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.5 | ||
| EV/EBITDA | 11.08 |
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)6.66
PEG (5Y)3.72
EPS Next 2Y9.35%
EPS Next 3Y11.32%
5. Dividend
5.1 Amount
- HEI has a Yearly Dividend Yield of 1.41%.
- HEI's Dividend Yield is slightly below the industry average, which is at 2.76.
- Compared to the average S&P500 Dividend Yield of 1.83, HEI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
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.
- 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%
FRA:HEI (1/22/2026, 7:00:00 PM)
238.7
+9.8 (+4.28%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)11-06 2025-11-06
Earnings (Next)02-25 2026-02-25/amc
Inst Owners43.35%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap42.59B
Revenue(TTM)18.07B
Net Income(TTM)1.78B
Analysts74.07
Price Target237.51 (-0.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
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)4.89%
PT rev (3m)11.49%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)-1.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.44%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.08 | ||
| Fwd PE | 34.39 | ||
| P/S | 2.01 | ||
| P/FCF | 22.5 | ||
| P/OCF | 12.94 | ||
| P/B | 2.47 | ||
| P/tB | 5.34 | ||
| EV/EBITDA | 11.08 |
EPS(TTM)5.81
EY2.43%
EPS(NY)6.94
Fwd EY2.91%
FCF(TTM)10.61
FCFY4.45%
OCF(TTM)18.44
OCFY7.73%
SpS118.57
BVpS96.5
TBVpS44.7
PEG (NY)6.66
PEG (5Y)3.72
Graham Number112.32
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%
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 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 | 2.83 |
F-Score7
WACC6.82%
ROIC/WACC1.13
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%0.89%
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 3Y19.75%
EBIT Next 5Y14.74%
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 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 7 / 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.