Amrize AG

SWX:AMRZ Stock Report

Market Cap: CHF 21.3b

Amrize Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 AMRZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CHF 67.13
Fair Value
42.6% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: AMRZ (CHF38.54) is trading below our estimate of fair value (CHF67.13)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AMRZ. This is calculated by dividing AMRZ's market cap by their current earnings.
What is AMRZ's PE Ratio?
PE Ratio22.5x
EarningsUS$1.18b
Market CapUS$26.47b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AMRZ 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
12.2x-2.81%CHF 38.6b
SIKA Sika
20.2x8.37%CHF 24.1b
GIVN Givaudan
27.4x5.24%CHF 30.0b
EMSN EMS-CHEMIE HOLDING
27.1x3.80%CHF 12.5b
AMRZ Amrize
22.5x15.04%CHF 21.3b

Price-To-Earnings vs Peers: AMRZ is expensive based on its Price-To-Earnings Ratio (22.5x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AMRZ 22.5xIndustry Avg. 14.4xNo. of Companies11PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AMRZ is expensive based on its Price-To-Earnings Ratio (22.5x) compared to the European Basic Materials industry average (14.5x).

Price to Earnings Ratio vs Fair Ratio

What is AMRZ'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.

AMRZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AMRZ'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 AMRZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 38.54
CHF 48.16
+24.97%
13.62%CHF 65.16CHF 39.95n/a12
Nov ’26CHF 41.48
CHF 48.91
+17.91%
13.60%CHF 66.11CHF 40.53n/a12
Oct ’26CHF 38.07
CHF 46.99
+23.44%
8.00%CHF 52.19CHF 39.42n/a9
Sep ’26CHF 41.16
CHF 46.41
+12.76%
6.83%CHF 49.99CHF 39.82n/a8
Aug ’26CHF 41.06
CHF 48.87
+19.01%
5.24%CHF 52.37CHF 45.46n/a6
Jul ’26CHF 39.13
CHF 46.44
+18.70%
5.58%CHF 50.99CHF 44.13n/a6
CHF 48.16
Fair Value
20.0% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/20 08:04
End of Day Share Price 2025/11/20 00:00
Earnings2025/09/30
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

Amrize AG is covered by 28 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tom ZhangBarclays
Harry GoadBerenberg
Paul RogerBNP Paribas