Heidelberg Materials Valuation
Is HEID undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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 (CHF106.49) is trading below our estimate of fair value (CHF217.42)
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.
| What is HEID's PE Ratio? | |
|---|---|
| PE Ratio | 11.4x |
| Earnings | €1.85b |
| Market Cap | €21.09b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 7.8x |
| PEG Ratio | 1.6x |
Price to Earnings Ratio vs Peers
How does HEID's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 28.2x | ||
HOLN Holcim | 16.5x | 7.7% | CHF 49.6b |
EMSN EMS-CHEMIE HOLDING | 32.2x | 8.8% | CHF 14.9b |
GIVN Givaudan | 34.1x | 6.1% | CHF 35.2b |
SIKA Sika | 30.1x | 9.0% | CHF 37.6b |
HEID Heidelberg Materials | 11.4x | 7.3% | CHF 21.1b |
Price-To-Earnings vs Peers: HEID is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (28.2x).
Price to Earnings Ratio vs Industry
How does HEID's PE Ratio compare vs other companies in the European Basic Materials Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: HEID is good value based on its Price-To-Earnings Ratio (11.4x) compared to the European Basic Materials industry average (13.2x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11.4x |
| Fair PE Ratio | n/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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | CHF 112.68 0% | 16.0% | CHF 149.84 | CHF 85.22 | n/a | 19 |
| Nov ’25 | CHF 96.06 | CHF 104.14 +8.4% | 14.6% | CHF 140.61 | CHF 78.74 | n/a | 19 |
| Oct ’25 | n/a | CHF 105.25 0% | 14.9% | CHF 141.89 | CHF 79.46 | n/a | 19 |
| Sep ’25 | n/a | CHF 107.33 0% | 15.3% | CHF 142.68 | CHF 79.90 | n/a | 19 |
| Aug ’25 | n/a | CHF 104.79 0% | 15.3% | CHF 141.41 | CHF 79.19 | n/a | 19 |
| Jul ’25 | n/a | CHF 108.22 0% | 14.4% | CHF 146.76 | CHF 82.19 | n/a | 18 |
| Jun ’25 | n/a | CHF 108.22 0% | 14.4% | CHF 146.76 | CHF 82.19 | n/a | 18 |
| May ’25 | n/a | CHF 104.61 0% | 15.4% | CHF 145.69 | CHF 78.67 | n/a | 17 |
| Apr ’25 | CHF 98.51 | CHF 96.95 -1.6% | 15.3% | CHF 145.93 | CHF 78.80 | n/a | 17 |
| Mar ’25 | n/a | CHF 90.84 0% | 10.4% | CHF 109.70 | CHF 74.41 | n/a | 18 |
| Feb ’25 | CHF 81.78 | CHF 83.53 +2.1% | 11.8% | CHF 98.10 | CHF 65.40 | n/a | 18 |
| Jan ’25 | CHF 75.39 | CHF 79.67 +5.7% | 10.8% | CHF 93.54 | CHF 66.14 | n/a | 19 |
| Dec ’24 | n/a | CHF 80.49 0% | 10.9% | CHF 99.31 | CHF 67.49 | n/a | 19 |
| Nov ’24 | CHF 65.00 | CHF 80.26 +23.5% | 10.1% | CHF 99.15 | CHF 67.39 | CHF 96.06 | 19 |
| Oct ’24 | n/a | CHF 85.24 0% | 30.1% | CHF 191.80 | CHF 66.17 | n/a | 20 |
| Sep ’24 | n/a | CHF 82.53 0% | 31.9% | CHF 191.19 | CHF 52.58 | n/a | 20 |
| Aug ’24 | n/a | CHF 81.35 0% | 33.1% | CHF 191.80 | CHF 52.74 | n/a | 20 |
| Jul ’24 | n/a | CHF 79.78 0% | 35.3% | CHF 195.74 | CHF 53.83 | n/a | 20 |
| Jun ’24 | n/a | CHF 78.36 0% | 35.8% | CHF 194.70 | CHF 53.54 | n/a | 20 |
| May ’24 | n/a | CHF 75.93 0% | 39.6% | CHF 196.76 | CHF 54.11 | n/a | 19 |
| Apr ’24 | n/a | CHF 72.93 0% | 43.3% | CHF 197.90 | CHF 38.59 | CHF 98.51 | 19 |
| Mar ’24 | n/a | CHF 68.23 0% | 46.7% | CHF 198.57 | CHF 38.72 | n/a | 19 |
| Feb ’24 | n/a | CHF 59.08 0% | 13.2% | CHF 71.26 | CHF 39.14 | CHF 81.78 | 20 |
| Jan ’24 | n/a | CHF 53.03 0% | 17.1% | CHF 69.84 | CHF 35.41 | CHF 75.39 | 20 |
| Dec ’23 | n/a | CHF 53.21 0% | 18.6% | CHF 75.92 | CHF 35.49 | n/a | 20 |
| Nov ’23 | n/a | CHF 53.06 0% | 21.1% | CHF 75.79 | CHF 35.43 | CHF 65.00 | 19 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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