Heidelberg Materials AG

BRSE:HEID Stock Report

Market Cap: CHF 20.6b

Heidelberg Materials Valuation

Is HEID undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HEID when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HEID (CHF117.26) is trading below our estimate of fair value (CHF234.4)

Significantly Below Fair Value: HEID is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HEID?

Key metric: As HEID is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HEID. This is calculated by dividing HEID's market cap by their current earnings.
What is HEID's PE Ratio?
PE Ratio11.9x
Earnings€1.85b
Market Cap€22.04b

Price to Earnings Ratio vs Peers

How does HEID's PE Ratio compare to its peers?

The above table shows the PE ratio for HEID vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28x
HOLN Holcim
16.7x7.3%CHF 50.0b
EMSN EMS-CHEMIE HOLDING
31.2x7.4%CHF 14.4b
SIKA Sika
28.7x8.8%CHF 35.8b
GIVN Givaudan
35.4x6.1%CHF 36.5b
HEID Heidelberg Materials
11.9x8.7%CHF 22.0b

Price-To-Earnings vs Peers: HEID is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (28x).

Price to Earnings Ratio vs Industry

How does HEID's PE Ratio compare vs other companies in the European Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEID 11.9xIndustry Avg. 12.7xNo. of Companies10PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEID is good value based on its Price-To-Earnings Ratio (11.9x) compared to the European Basic Materials industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is HEID's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HEID PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HEID's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HEID forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 117.26
CHF 118.50
+1.1%
15.9%CHF 149.82CHF 85.21n/a19
Dec ’25n/a
CHF 114.60
0%
15.7%CHF 149.11CHF 84.80n/a19
Nov ’25CHF 96.06
CHF 104.14
+8.4%
14.6%CHF 140.61CHF 78.74n/a19
Oct ’25n/a
CHF 105.25
0%
14.9%CHF 141.89CHF 79.46n/a19
Sep ’25n/a
CHF 107.33
0%
15.3%CHF 142.68CHF 79.90n/a19
Aug ’25n/a
CHF 104.79
0%
15.3%CHF 141.41CHF 79.19n/a19
Jul ’25n/a
CHF 108.22
0%
14.4%CHF 146.76CHF 82.19n/a18
Jun ’25n/a
CHF 108.22
0%
14.4%CHF 146.76CHF 82.19n/a18
May ’25n/a
CHF 104.61
0%
15.4%CHF 145.69CHF 78.67n/a17
Apr ’25CHF 98.51
CHF 96.95
-1.6%
15.3%CHF 145.93CHF 78.80n/a17
Mar ’25n/a
CHF 90.84
0%
10.4%CHF 109.70CHF 74.41n/a18
Feb ’25CHF 81.78
CHF 83.53
+2.1%
11.8%CHF 98.10CHF 65.40n/a18
Jan ’25CHF 75.39
CHF 79.67
+5.7%
10.8%CHF 93.54CHF 66.14n/a19
Dec ’24n/a
CHF 80.49
0%
10.9%CHF 99.31CHF 67.49n/a19
Nov ’24CHF 65.00
CHF 80.26
+23.5%
10.1%CHF 99.15CHF 67.39CHF 96.0619
Oct ’24n/a
CHF 85.24
0%
30.1%CHF 191.80CHF 66.17n/a20
Sep ’24n/a
CHF 82.53
0%
31.9%CHF 191.19CHF 52.58n/a20
Aug ’24n/a
CHF 81.35
0%
33.1%CHF 191.80CHF 52.74n/a20
Jul ’24n/a
CHF 79.78
0%
35.3%CHF 195.74CHF 53.83n/a20
Jun ’24n/a
CHF 78.36
0%
35.8%CHF 194.70CHF 53.54n/a20
May ’24n/a
CHF 75.93
0%
39.6%CHF 196.76CHF 54.11n/a19
Apr ’24n/a
CHF 72.93
0%
43.3%CHF 197.90CHF 38.59CHF 98.5119
Mar ’24n/a
CHF 68.23
0%
46.7%CHF 198.57CHF 38.72n/a19
Feb ’24n/a
CHF 59.08
0%
13.2%CHF 71.26CHF 39.14CHF 81.7820
Jan ’24n/a
CHF 53.03
0%
17.1%CHF 69.84CHF 35.41CHF 75.3920
Dec ’23n/a
CHF 53.21
0%
18.6%CHF 75.92CHF 35.49n/a20

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 12:18
End of Day Share Price 2024/12/12 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Heidelberg Materials AG is covered by 49 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Félix BrunotteAlphaValue
Gerhard SchwarzBaader Helvea Equity Research
Tom ZhangBarclays