Heidelberg Materials AG

SWX:HEID Stock Report

Market Cap: CHF 28.2b

Heidelberg Materials Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HEID (CHF157.25) is trading below our estimate of future cash flow value (CHF417.77)

Significantly Below Future Cash Flow Value: HEID is trading below future cash flow 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 Ratio15.4x
Earnings€1.99b
Market Cap€30.57b

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 Average46.3x
AMRZ Amrize
24.3x15.06%CHF 22.7b
HOLN Holcim
106.9x25.65%CHF 41.6b
SIKA Sika
24.3x9.35%CHF 25.4b
GIVN Givaudan
29.5x5.76%CHF 31.6b
HEID Heidelberg Materials
15.4x9.56%CHF 30.6b

Price-To-Earnings vs Peers: HEID is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (46.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

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 15.4xIndustry Avg. 15.5xNo. of Companies5PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEID is good value based on its Price-To-Earnings Ratio (15.4x) compared to the European Basic Materials industry average (15.5x).

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 Ratio15.4x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: HEID is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).

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 157.25
CHF 202.00
+28.46%
17.00%CHF 269.64CHF 129.28n/a20
Jul ’27CHF 171.15
CHF 205.07
+19.82%
14.98%CHF 268.90CHF 128.92n/a19
Jun ’27CHF 166.35
CHF 206.11
+23.90%
14.93%CHF 267.05CHF 128.04n/a19
May ’27CHF 171.35
CHF 207.89
+21.33%
14.68%CHF 262.47CHF 128.93n/a19
Apr ’27CHF 165.95
CHF 211.06
+27.18%
15.77%CHF 261.23CHF 128.32n/a19
Mar ’27CHF 176.20
CHF 214.72
+21.86%
16.57%CHF 272.65CHF 127.24n/a19
Feb ’27CHF 214.40
CHF 219.44
+2.35%
17.21%CHF 275.02CHF 128.34n/a19
Jan ’27CHF 207.60
CHF 210.53
+1.41%
17.53%CHF 279.40CHF 130.39n/a18
Dec ’26n/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 85.01CHF 171.1518
Jun ’26n/a
CHF 162.81
0%
21.29%CHF 205.50CHF 85.00CHF 166.3519
May ’26CHF 161.80
CHF 154.18
-4.71%
20.41%CHF 203.53CHF 85.74CHF 171.3518
Apr ’26CHF 150.63
CHF 148.71
-1.28%
20.76%CHF 190.72CHF 86.78CHF 165.9518
Mar ’26n/a
CHF 133.82
0%
18.40%CHF 172.29CHF 85.21CHF 176.2019
Feb ’26CHF 127.73
CHF 124.88
-2.23%
16.50%CHF 165.21CHF 85.91CHF 214.4019
Jan ’26n/a
CHF 118.50
0%
15.87%CHF 149.82CHF 85.21CHF 207.6019
Dec ’25n/a
CHF 114.60
0%
15.68%CHF 149.11CHF 84.80n/a19
Nov ’25CHF 96.06
CHF 103.93
+8.20%
14.59%CHF 140.33CHF 78.58n/a19
Oct ’25n/a
CHF 104.44
0%
14.90%CHF 140.80CHF 78.85CHF 176.4719
Sep ’25n/a
CHF 105.86
0%
15.26%CHF 140.71CHF 78.80n/a19
Aug ’25n/a
CHF 104.79
0%
15.26%CHF 141.41CHF 79.19n/a19
Jul ’25n/a
CHF 106.06
0%
14.45%CHF 143.83CHF 80.54CHF 182.5118
CHF 197.75
Fair Value
20.5% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/17 01:50
End of Day Share Price 2026/07/17 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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 35 analysts. 19 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
Katherine HearneBarclays