HEIDELBERG MATERIALS AG (HEI.DE) Stock Fundamental Analysis
Europe - FRA:HEI - DE0006047004 - Common Stock
195.125 EUR
+4.53 (+2.37%)
HEI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 14 industry peers in the Construction Materials industry. While HEI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. HEI is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HEI had positive earnings in the past year.
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.
1.2 Ratios
HEI's Return On Assets of 5.14% is fine compared to the rest of the industry. HEI outperforms 64.29% of its industry peers.
HEI has a better Return On Equity (10.35%) than 64.29% of its industry peers.
HEI's Return On Invested Capital of 7.73% is fine compared to the rest 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 8.19%.
The 3 year average ROIC (6.57%) for HEI is below the current ROIC(7.73%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 8.42%, HEI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Profit Margin of HEI has grown nicely.
HEI has a Operating Margin of 13.55%. This is in the better half of the industry: HEI outperforms 64.29% of its industry peers.
In the last couple of years the Operating Margin of HEI has grown nicely.
The Gross Margin of HEI (63.93%) is better than 71.43% of its industry peers.
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
Compared to 1 year ago, HEI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.59 indicates that HEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
HEI's Altman-Z score of 2.59 is in line compared to the rest of the industry. HEI outperforms 57.14% of its industry peers.
HEI has a debt to FCF ratio of 4.57. This is a neutral value as HEI would need 4.57 years to pay back of all of its debts.
The Debt to FCF ratio of HEI (4.57) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.38 indicates that HEI is not too dependend on debt financing.
The Debt to Equity ratio of HEI (0.38) is better than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.57 | ||
| Altman-Z | 2.59 |
ROIC/WACC1.19
WACC6.51%
2.3 Liquidity
HEI has a Current Ratio of 1.13. This is a normal value and indicates that HEI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.13, HEI is doing worse than 78.57% of the companies in the same industry.
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.
The Quick ratio of HEI (0.73) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The earnings per share for HEI have decreased by -5.37% in the last year.
The Earnings Per Share has been growing by 12.42% on average over the past years. This is quite good.
Looking at the last year, HEI shows a decrease in Revenue. The Revenue has decreased by -0.10% in the last year.
Measured over the past years, HEI shows a small growth in Revenue. The Revenue has been growing by 2.33% on average per year.
EPS 1Y (TTM)-5.37%
EPS 3Y3.43%
EPS 5Y12.42%
EPS Q2Q%21.9%
Revenue 1Y (TTM)-0.1%
Revenue growth 3Y4.16%
Revenue growth 5Y2.33%
Sales Q2Q%88.85%
3.2 Future
HEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.01% yearly.
Based on estimates for the next years, HEI will show a small growth in Revenue. The Revenue will grow by 5.10% on average per year.
EPS Next Y10.84%
EPS Next 2Y12.25%
EPS Next 3Y11.77%
EPS Next 5Y6.01%
Revenue Next Year3.43%
Revenue Next 2Y4.02%
Revenue Next 3Y4.3%
Revenue Next 5Y5.1%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.79, the valuation of HEI can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of HEI is on the same level as its industry peers.
HEI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
HEI is valuated correctly with a Price/Forward Earnings ratio of 13.67.
HEI's Price/Forward Earnings is on the same level as the industry average.
HEI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 13.67 |
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 71.43% 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.39 | ||
| EV/EBITDA | 9.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
HEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.83
PEG (5Y)1.59
EPS Next 2Y12.25%
EPS Next 3Y11.77%
5. Dividend
5.1 Amount
HEI has a Yearly Dividend Yield of 1.69%. Purely for dividend investing, there may be better candidates out there.
HEI's Dividend Yield is slightly below the industry average, which is at 3.61.
HEI's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
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
HEI pays out 33.05% of its income as dividend. This is a sustainable payout ratio.
HEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP33.05%
EPS Next 2Y12.25%
EPS Next 3Y11.77%
FRA:HEI (10/20/2025, 11:48:15 AM)
195.125
+4.53 (+2.37%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)
Earnings (Next)
Inst Owners43.87%
Inst Owner ChangeN/A
Ins Owners28.4%
Ins Owner ChangeN/A
Market Cap34.82B
Analysts73.08
Price Target213.04 (9.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
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)3.23%
PT rev (3m)11.98%
EPS NQ rev (1m)-3.72%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.28%
EPS NY rev (3m)-3.33%
Revenue NQ rev (1m)0.27%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-1.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 13.67 | ||
| P/S | 1.65 | ||
| P/FCF | 18.39 | ||
| P/OCF | 10.58 | ||
| P/B | 2.02 | ||
| P/tB | 4.37 | ||
| EV/EBITDA | 9.51 |
EPS(TTM)9.86
EY5.05%
EPS(NY)14.27
Fwd EY7.32%
FCF(TTM)10.61
FCFY5.44%
OCF(TTM)18.44
OCFY9.45%
SpS118.57
BVpS96.5
TBVpS44.7
PEG (NY)1.83
PEG (5Y)1.59
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%
ROICexcg growth 3Y8.18%
ROICexcg 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 | 2.59 |
F-Score7
WACC6.51%
ROIC/WACC1.19
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)-5.37%
EPS 3Y3.43%
EPS 5Y12.42%
EPS Q2Q%21.9%
EPS Next Y10.84%
EPS Next 2Y12.25%
EPS Next 3Y11.77%
EPS Next 5Y6.01%
Revenue 1Y (TTM)-0.1%
Revenue growth 3Y4.16%
Revenue growth 5Y2.33%
Sales Q2Q%88.85%
Revenue Next Year3.43%
Revenue Next 2Y4.02%
Revenue Next 3Y4.3%
Revenue Next 5Y5.1%
EBIT growth 1Y8.81%
EBIT growth 3Y13.38%
EBIT growth 5Y9.93%
EBIT Next Year50.17%
EBIT Next 3Y19.81%
EBIT Next 5Y14.41%
FCF growth 1Y61.81%
FCF growth 3Y23.1%
FCF growth 5Y4.23%
OCF growth 1Y27.42%
OCF growth 3Y10.49%
OCF growth 5Y3.94%