Heidelberg Materials AG

BRSE:HEID Stock Report

Market Cap: CHF 36.4b

Heidelberg Materials Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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.

CHF 232.58
Fair Value
17.0% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: HEID (CHF193.04) is trading below our estimate of fair value (CHF232.58)

Significantly Below Fair Value: HEID is trading below fair value, but not by a significant amount.

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 Ratio20.8x
Earnings€1.86b
Market Cap€39.07b

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 Average21.7x
HOLN Holcim
12.8x-6.07%CHF 40.5b
AMRZ Amrize
24.3x15.04%CHF 23.0b
GIVN Givaudan
28.6x5.28%CHF 31.2b
SIKA Sika
21.1x8.12%CHF 25.2b
HEID Heidelberg Materials
20.8x10.90%CHF 39.1b

Price-To-Earnings vs Peers: HEID is good value based on its Price-To-Earnings Ratio (20.8x) compared to the peer average (21.7x).

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 20.8xIndustry Avg. 15.6xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEID is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the European Basic Materials industry average (15.6x).

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 Ratio20.8x
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
Currentn/a
CHF 197.55
0%
14.29%CHF 240.93CHF 129.23n/a18
Nov ’26n/a
CHF 194.76
0%
13.11%CHF 226.44CHF 129.50n/a16
Oct ’26CHF 176.47
CHF 188.75
+6.96%
19.35%CHF 228.76CHF 85.04n/a17
Sep ’26n/a
CHF 179.91
0%
20.49%CHF 222.44CHF 85.59n/a16
Aug ’26n/a
CHF 175.94
0%
19.52%CHF 208.82CHF 84.83n/a16
Jul ’26CHF 182.51
CHF 168.50
-7.68%
20.36%CHF 205.52CHF 85.01n/a18
Jun ’26n/a
CHF 162.81
0%
21.29%CHF 205.50CHF 85.00n/a19
May ’26CHF 161.80
CHF 154.18
-4.71%
20.41%CHF 203.53CHF 85.74n/a18
Apr ’26CHF 150.63
CHF 148.71
-1.28%
20.76%CHF 190.72CHF 86.78n/a18
Mar ’26n/a
CHF 133.82
0%
18.40%CHF 172.29CHF 85.21n/a19
Feb ’26CHF 127.73
CHF 124.88
-2.23%
16.50%CHF 165.21CHF 85.91n/a19
Jan ’26n/a
CHF 118.58
0%
15.87%CHF 149.92CHF 85.27n/a19
Dec ’25n/a
CHF 114.51
0%
15.68%CHF 148.99CHF 84.74n/a19
Nov ’25CHF 96.06
CHF 104.14
+8.41%
14.59%CHF 140.61CHF 78.74n/a19
Oct ’25n/a
CHF 105.25
0%
14.90%CHF 141.89CHF 79.46CHF 176.4719
Sep ’25n/a
CHF 107.33
0%
15.26%CHF 142.68CHF 79.90n/a19
Aug ’25n/a
CHF 104.79
0%
15.26%CHF 141.41CHF 79.19n/a19
Jul ’25n/a
CHF 108.22
0%
14.45%CHF 146.76CHF 82.19CHF 182.5118
Jun ’25n/a
CHF 108.22
0%
14.45%CHF 146.76CHF 82.19n/a18
May ’25n/a
CHF 104.61
0%
15.35%CHF 145.69CHF 78.67CHF 161.8017
Apr ’25CHF 98.51
CHF 96.95
-1.58%
15.26%CHF 145.93CHF 78.80CHF 150.6317
Mar ’25n/a
CHF 90.84
0%
10.39%CHF 109.70CHF 74.41n/a18
Feb ’25CHF 81.78
CHF 83.53
+2.15%
11.78%CHF 98.10CHF 65.40CHF 127.7318
Jan ’25CHF 75.39
CHF 79.67
+5.67%
10.80%CHF 93.54CHF 66.14n/a19
Dec ’24n/a
CHF 80.49
0%
10.88%CHF 99.31CHF 67.49n/a19
CHF 188.47
Fair Value
2.4% overvalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/01 19:36
End of Day Share Price 2025/11/12 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Heidelberg Materials AG is covered by 37 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard SchwarzBaader Helvea Equity Research
Tom ZhangBarclays
Harry GoadBerenberg