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

FRA:HEI • DE0006047004

Current stock price

185.95 EUR
-1.05 (-0.56%)
Last:

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

8

1. HEI.DE Profitability Analysis

1.1 Basic Checks

  • HEI had positive earnings in the past year.
  • HEI had a positive operating cash flow in the past year.
  • Each year in the past 5 years HEI has been 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 2025 0 1B -1B 2B -2B 3B

1.2 Ratios

  • HEI has a better Return On Assets (5.37%) than 64.29% of its industry peers.
  • HEI has a better Return On Equity (10.69%) than 64.29% of its industry peers.
  • The Return On Invested Capital of HEI (7.77%) is better than 71.43% of its industry peers.
  • HEI had an Average Return On Invested Capital over the past 3 years of 7.23%. This is in line with the industry average of 7.13%.
  • The 3 year average ROIC (7.23%) for HEI is below the current ROIC(7.77%), indicating increased profibility in the last year.
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 has a Profit Margin of 9.04%. This is in the better half of the industry: HEI outperforms 64.29% of its industry peers.
  • HEI's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 14.37%, HEI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • HEI's Operating Margin has improved in the last couple of years.
  • HEI has a better Gross Margin (64.21%) than 92.86% of its industry peers.
  • HEI's Gross Margin has been stable in the last couple of years.
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

  • 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
  • Compared to 1 year ago, HEI has a worse debt to assets ratio.
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 2.57 indicates that HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.57, HEI is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • HEI has a debt to FCF ratio of 4.56. This is a neutral value as HEI would need 4.56 years to pay back of all of its debts.
  • The Debt to FCF ratio of HEI (4.56) is better than 71.43% of its industry peers.
  • HEI has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • HEI has a Debt to Equity ratio (0.37) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.56
Altman-Z 2.57
ROIC/WACC1.15
WACC6.77%
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

  • HEI has a Current Ratio of 1.24. This is a normal value and indicates that HEI is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.24, HEI is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
  • 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.
  • HEI has a worse Quick ratio (0.84) than 78.57% of its industry peers.
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

  • 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.
  • HEI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.04% yearly.
  • Looking at the last year, HEI shows a small growth in Revenue. The Revenue has grown by 4.68% in the last year.
  • The Revenue has been growing slightly by 5.34% on average over the past years.
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

  • HEI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.58% yearly.
  • 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

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • 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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2

4. HEI.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • HEI is valuated quite expensively with a Price/Earnings ratio of 32.01.
  • Based on the Price/Earnings ratio, HEI is valued a bit more expensive than 64.29% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HEI to the average of the S&P500 Index (27.42), we can say HEI is valued inline with the index average.
  • The Price/Forward Earnings ratio is 26.79, which means the current valuation is very expensive for HEI.
  • 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 71.43% of the companies listed in the same industry.
  • HEI's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.24.
Industry RankSector Rank
PE 32.01
Fwd PE 26.79
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 in line with the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as HEI.
Industry RankSector Rank
P/FCF 17.82
EV/EBITDA 8.64
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 an expensive valuation of the company.
  • The excellent profitability rating of HEI may justify a higher PE ratio.
PEG (NY)5.19
PEG (5Y)2.9
EPS Next 2Y9.35%
EPS Next 3Y11.32%

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4

5. HEI.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.93%, HEI has a reasonable but not impressive dividend return.
  • The stock price of HEI dropped by -21.61% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • 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 1.93%

5.2 History

  • The dividend of HEI is nicely growing with an annual growth rate of 40.78%!
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

  • HEI pays out 30.34% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of HEI is growing, but the earnings are growing slower. 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 (4/24/2026, 7:00:00 PM)

185.95

-1.05 (-0.56%)

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 Cap32.80B
Revenue(TTM)18.07B
Net Income(TTM)1.94B
Analysts77.86
Price Target238.92 (28.49%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.93%
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 32.01
Fwd PE 26.79
P/S 1.53
P/FCF 17.82
P/OCF 10.08
P/B 1.81
P/tB 3.71
EV/EBITDA 8.64
EPS(TTM)5.81
EY3.12%
EPS(NY)6.94
Fwd EY3.73%
FCF(TTM)10.43
FCFY5.61%
OCF(TTM)18.45
OCFY9.92%
SpS121.68
BVpS102.99
TBVpS50.15
PEG (NY)5.19
PEG (5Y)2.9
Graham Number116.033 (-37.6%)
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 2.57
F-Score7
WACC6.77%
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 2 / 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 8 / 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 32.01 and the Price/Book (PB) ratio is 1.81.


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.