Holcim AG

Report azionario SWX:HOLN

Capitalizzazione di mercato: CHF 42.2b

Holcim Crescita futura

Criteri Future verificati 4/6

Holcim prevede che gli utili e i ricavi cresceranno rispettivamente di 25.6% e 6.1% all'anno. Si prevede che l'EPS crescerà di 25.9% all'anno. Si prevede che il ritorno sul capitale proprio sarà di 13.9% in 3 anni.

Informazioni chiave

25.6%

Tasso di crescita degli utili

25.89%

Tasso di crescita dell'EPS

Basic Materials crescita degli utili17.6%
Tasso di crescita dei ricavi6.1%
Rendimento futuro del capitale proprio13.91%
Copertura analitica

Good

Ultimo aggiornamento13 May 2026

Aggiornamenti recenti sulla crescita futura

Recent updates

Aggiornamento della narrazione • May 04

HOLN: Cement Pricing And Electrification Projects Will Shape Fairly Balanced Upside

The analyst price target for Holcim has been adjusted slightly higher to reflect a fair value of about CHF 78.70, with analysts pointing to recent upgrades and target raises, supported by steady assumptions for revenue growth, margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts are citing recent upgrades and resumed coverage with positive ratings as support for the idea that Holcim's execution on its strategy is being recognized in current valuation assumptions.
Aggiornamento della narrazione • Apr 20

HOLN: Cement Pricing Resilience And Margin Execution Will Shape Future Upside Balance

Holcim's analyst price target is updated to CHF 78.03, a small move supported by recent upgrades and resumed coverage from several banks. Analysts point to steadier profit margins and only modest adjustments to growth and discount rate assumptions.
Aggiornamento della narrazione • Apr 05

HOLN: European Cement Pricing Resilience Will Shape Upside Risk Balance

Analysts have trimmed the implied fair value for Holcim from CHF 78.71 to CHF 77.76. This reflects slightly higher discount rate and P/E assumptions, even as they reference recent Street research that includes both higher and lower price targets between CHF 69 and CHF 80 and differing views on cement pricing resilience in Europe.
Aggiornamento della narrazione • Mar 22

HOLN: Circular Expansion And Cement Pricing Support Will Shape Upside Risk Balance

Holcim's updated analyst price target edges slightly lower to CHF 78 from CHF 80, as analysts factor in a reduced future P/E assumption to 21.24x, along with adjusted expectations for revenue growth, profit margins and discount rates. Recent Street research reflects a mix of target hikes and trims clustered around the CHF 72 to CHF 80 range.
Aggiornamento della narrazione • Mar 08

HOLN: Cement Pricing Resilience In Europe Will Drive Rebound Potential

Our revised fair value estimate for Holcim has risen from CHF 70 to CHF 93. This reflects analysts' updated price targets in the CHF 72 to CHF 80 range and their view that recent share weakness has been overdone, while near term cement pricing in Europe is expected to hold.
Aggiornamento della narrazione • Feb 22

HOLN: Rich P/E And Downgrade Will Likely Limit Further Upside

Holcim's analyst price target has shifted to CHF 80, up CHF 5, as analysts weigh mixed revisions that balance slightly softer revenue and margin assumptions with a higher assumed future P/E multiple and recent price target changes at Citi and RBC Capital. Analyst Commentary Recent research on Holcim sends a mixed signal, with some bearish analysts trimming expectations while others adjust targets higher.
Aggiornamento della narrazione • Feb 07

HOLN: Circular Expansion And Mixed Street Views Will Shape Future Risk Balance

Narrative Update The updated analyst price target for Holcim edges up to about CHF 79 from roughly CHF 78.80, as analysts factor in mixed recent research that includes a CHF 5 target increase at Citi, a higher implied future P/E and adjustments to revenue growth and profit margin assumptions, alongside a modest trim from RBC Capital and a downgrade elsewhere on the Street. Analyst Commentary Recent research on Holcim reflects a split view, with some analysts lifting price targets while others trim expectations or move to a more cautious stance.
Aggiornamento della narrazione • Jan 23

HOLN: Circular Expansion And Mixed Ratings Will Shape Future Risk Balance

The analyst price target for Holcim has increased by about CHF 4 to roughly CHF 79, with analysts citing updated assumptions on fair value, discount rate, revenue trends, profit margin and future P/E, in light of recent mixed target changes across major banks. Analyst Commentary Recent research on Holcim reflects a mix of optimism and caution, with several large banks adjusting their price targets and ratings in different directions.
Aggiornamento della narrazione • Jan 09

HOLN: Cement Demand And Rich Multiple Will Likely Cap Further Upside

Analysts have raised their price expectations for Holcim by CHF 6 to CHF 78, citing improved profit margin assumptions and lower P/E expectations as the main factors behind the updated targets. Analyst Commentary Recent research on Holcim shows a mix of optimism and caution, with several large banks adjusting their views and price targets in quick succession.
Aggiornamento della narrazione • Dec 25

HOLN: Future Multiple Expansion Will Likely Disappoint Amid Softening Cement Demand

Analysts have lifted their price target on Holcim to CHF 78 from CHF 72, citing a higher fair value estimate of approximately CHF 58 per share and greater confidence in the stock's future earnings multiple, despite slightly softer growth and margin assumptions. Analyst Commentary Recent Street research on Holcim has been broadly constructive, with several major houses lifting their price targets into the high CHF 70s and reiterating positive recommendations.
Aggiornamento della narrazione • Dec 11

HOLN: European Cement Regime Will Offset Demand Risks And Circular Expansion Challenges

The analyst fair value estimate for Holcim has been raised to approximately CHF 74.90 from CHF 73.20. This reflects analysts' more constructive view on the company's positioning in a stronger European cement regime and recent upward revisions to Street price targets, despite some concerns about near term sales trends.
Aggiornamento della narrazione • Nov 27

HOLN: Outlook Will Balance European Demand Recovery With Margin Uncertainties

Holcim's fair value price target has increased modestly from CHF 72.05 to CHF 73.20. Analysts highlight renewed optimism, driven by upward revisions from major institutions and confidence in earnings resilience, despite cautious outlooks on revenue growth and profit margins.
Articolo di analisi • Nov 16

Holcim AG's (VTX:HOLN) Earnings Are Not Doing Enough For Some Investors

When close to half the companies in Switzerland have price-to-earnings ratios (or "P/E's") above 20x, you may consider...
Aggiornamento della narrazione • Nov 13

HOLN: Future Performance Will Reflect European Demand Trends and Sector Headwinds

Holcim's analyst price target has increased modestly, rising from CHF 71.35 to CHF 72.05. Analysts cite recent upgrades, strengthened ratings, and a more favorable outlook for the building materials sector as factors driving the revision.
Aggiornamento della narrazione • Oct 29

Recent Profit Margin Improvements Will Balance Softer Trends In Key Regions

Holcim's analyst fair value estimate has been raised from CHF 69.28 to CHF 71.35. Analysts point to improved profit margins and expectations for continued resilience in the building materials sector.
Articolo di analisi • Oct 29

Holcim (VTX:HOLN) Could Easily Take On More Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Aggiornamento della narrazione • Oct 15

Aggressive Projections Will Falter Amid Regulatory And Market Risks

Holcim's analyst fair value target has ticked up modestly from CHF 68.35 to CHF 69.28. This reflects analysts' balanced outlook on earnings growth potential and sector resilience amid recent upgrades and more positive sentiment toward the European cement industry.
Articolo di analisi • Oct 13

Should You Investigate Holcim AG (VTX:HOLN) At CHF65.70?

Let's talk about the popular Holcim AG ( VTX:HOLN ). The company's shares saw a decent share price growth of 11% on the...
Aggiornamento della narrazione • Sep 18

Aggressive Projections Will Falter Amid Regulatory And Market Risks

Analysts increased Holcim’s target price to CHF68.35, citing resilient earnings, long-term growth from decarbonization, and value realization post-North America spin-off, despite concerns over full near-term valuation and earnings risks. Analyst Commentary Bullish analysts cited Holcim's resilient heavy side business performance and stable earnings outlook, even amid soft U.S. construction trends.
Aggiornamento della narrazione • Sep 03

Aggressive Projections Will Falter Amid Regulatory And Market Risks

Holcim’s modestly higher price target reflects mixed analyst views on the Amrize spin-off, with bullish arguments centered on exposure to European recovery, structural decarbonization growth, and valuation appeal, while concerns over fair value and post-spin dynamics temper optimism—leading to a revised consensus price target of CHF66.96. Analyst Commentary Diverging analyst reactions to the spin-out of Holcim's North American operations into Amrize, with some seeing reduced value and others focusing on stronger balance sheet and potential margin improvement.
Aggiornamento della narrazione • Aug 07

Aggressive Projections Will Falter Amid Regulatory And Market Risks

Given the absence of new analyst reasoning, both Holcim’s consensus price target and key valuation metrics such as Future P/E and discount rate have remained essentially unchanged, with the fair value holding steady at CHF65.77. What's in the News Holcim AG expects full-year 2025 post spin-off recurring EBIT growth of 6% to 10% in local currency.
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Nuova narrazione • Mar 02

Amrize's NYSE Listing Will Unlock New Value And Access To US Capital Markets

Holcim's strategy of unlocking value through Amrize's NYSE listing and margin expansion via branded solutions predicts strengthened revenue and operational focus.

Previsioni di crescita degli utili e dei ricavi

SWX:HOLN - Stime future degli analisti e dati finanziari passati (CHF Millions )
DataRicaviUtiliFlusso di cassa liberoLiquidità dell'operazioneAvg. Numero di analisti
12/31/202818,8482,6012,7144,45213
12/31/202717,9272,3102,6034,25316
12/31/202616,4051,9921,9513,42615
12/31/202515,7243891,7272,788N/A
9/30/202515,8731,0422,8363,902N/A
6/30/202526,2273,1633,3805,015N/A
3/31/202526,3173,0433,6995,341N/A
12/31/202416,2011,4534,5825,667N/A
9/30/202419,0971,9564,4195,605N/A
6/30/202421,9932,4594,2565,543N/A
3/31/202424,5012,7514,1115,507N/A
12/31/202327,0093,0433,9655,470N/A
9/30/202327,2923,2193,3854,906N/A
6/30/202327,5753,3952,8054,341N/A
3/31/202328,3823,3432,9094,452N/A
12/31/202229,1893,2913,0134,562N/A
9/30/202229,0742,9452,9984,651N/A
6/30/202228,9592,5982,9834,739N/A
3/31/202227,8972,4393,2484,892N/A
12/31/202126,8342,2803,5135,045N/A
9/30/202125,9202,2263,5344,895N/A
6/30/202125,0052,1713,5544,745N/A
3/31/202124,0741,9253,5294,682N/A
12/31/202023,1421,6793,5044,618N/A
9/30/202023,7491,6223,6324,853N/A
6/30/202024,3561,5653,7595,088N/A
3/31/202025,5391,8983,5254,957N/A
12/31/201926,7222,2303,2914,825N/A
9/30/201926,9882,209N/A4,414N/A
6/30/201927,2532,187N/A4,002N/A
3/31/201927,3601,845N/A3,495N/A
12/31/201827,4661,502N/A2,988N/A
9/30/201827,528-2,211N/A3,559N/A
6/30/201827,375-2,370N/A3,231N/A
3/31/201828,027-1,742N/A3,585N/A
12/31/201727,021-1,675N/A3,040N/A
9/30/201726,3881,899N/A2,781N/A
6/30/201726,4802,500N/A2,896N/A
3/31/201726,4722,098N/A3,041N/A
12/31/201626,9041,748N/A3,295N/A
9/30/201627,776-1,501N/A3,050N/A
6/30/201628,280-1,884N/A2,506N/A
3/31/201625,731-2,006N/A2,415N/A
12/31/201523,584-1,572N/A2,465N/A
9/30/201520,9801,578N/A2,377N/A
6/30/201518,5451,375N/A2,510N/A

Previsioni di crescita futura degli analisti

Guadagni vs tasso di risparmio: La crescita prevista degli utili di HOLN ( 25.6% all'anno) è superiore al tasso di risparmio ( 0.6% ).

Guadagni vs Mercato: Si prevede che gli utili di HOLN ( 25.6% all'anno) cresceranno più rapidamente del mercato Swiss ( 10.7% all'anno).

Guadagni ad alta crescita: Si prevede che gli utili di HOLN cresceranno in modo significativo nei prossimi 3 anni.

Ricavi vs Mercato: Si prevede che il fatturato di HOLN ( 6.1% all'anno) crescerà più rapidamente del mercato Swiss ( 4.9% all'anno).

Ricavi ad alta crescita: Si prevede che il fatturato di HOLN ( 6.1% all'anno) crescerà più lentamente di 20% all'anno.

Previsioni di crescita dell'utile per azione

Rendimento futuro del capitale proprio

ROE futuro: Si prevede che il Return on Equity di HOLN sarà basso tra 3 anni ( 13.9 %).

Scoprire le aziende in crescita

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/13 04:00
Prezzo dell'azione a fine giornata2026/05/13 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Holcim AG è coperta da 39 analisti. 16 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Gerhard SchwarzBaader Helvea Equity Research
Patrick AppenzellerBaader Helvea Equity Research
Pierre Sylvain RousseauBarclays