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CMO

Cementos Molins BDM:CMO Stock Report

Last Price

€16.00

Market Cap

€1.0b

7D

0%

1Y

-10.1%

Updated

14 Aug, 2022

Data

Company Financials +
CMO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

CMO Stock Overview

Cementos Molins, S.A. manufactures and sells cement and lime, precast concrete, and other construction materials in Spain, Argentina, Mexico, Uruguay, Bangladesh, India, Tunisia, Bolivia, Colombia, Croatia, Germany, and Turkey.

Cementos Molins Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cementos Molins
Historical stock prices
Current Share Price€16.00
52 Week High€19.00
52 Week Low€14.90
Beta0.16
1 Month Change5.26%
3 Month Change-5.88%
1 Year Change-10.11%
3 Year Change3.23%
5 Year Change14.29%
Change since IPO1,540.40%

Recent News & Updates

Jan 22
Cementos Molins (BDM:CMO) Has A Rock Solid Balance Sheet

Cementos Molins (BDM:CMO) Has A Rock Solid Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

CMOES Basic MaterialsES Market
7D0%1.7%2.8%
1Y-10.1%-21.1%-5.9%

Return vs Industry: CMO exceeded the Spanish Basic Materials industry which returned -21.1% over the past year.

Return vs Market: CMO underperformed the Spanish Market which returned -5.9% over the past year.

Price Volatility

Is CMO's price volatile compared to industry and market?
CMO volatility
CMO Average Weekly Movement4.0%
Basic Materials Industry Average Movement4.8%
Market Average Movement3.8%
10% most volatile stocks in ES Market6.6%
10% least volatile stocks in ES Market0.7%

Stable Share Price: CMO is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CMO's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19283,763Julio Rodriguez Izquierdohttps://www.cemolins.es

Cementos Molins, S.A. manufactures and sells cement and lime, precast concrete, and other construction materials in Spain, Argentina, Mexico, Uruguay, Bangladesh, India, Tunisia, Bolivia, Colombia, Croatia, Germany, and Turkey. It engages in the exploitation of quarries and clay deposits, limestones and gypsum, and related products. The company offers Portland and calcium aluminate, cast, grey, white, aluminous, and adhesive cement; and mortars, and concrete and aggregates.

Cementos Molins Fundamentals Summary

How do Cementos Molins's earnings and revenue compare to its market cap?
CMO fundamental statistics
Market Cap€1.01b
Earnings (TTM)€105.00m
Revenue (TTM)€1.00b

9.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMO income statement (TTM)
Revenue€1.00b
Cost of Revenue€353.03m
Gross Profit€647.77m
Other Expenses€542.77m
Earnings€105.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.66
Gross Margin64.73%
Net Profit Margin10.49%
Debt/Equity Ratio25.5%

How did CMO perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

34%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CMO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA7.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

CMO PE Ratio vs Peers
The above table shows the PE ratio for CMO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.6x
ENC ENCE Energía y Celulosa
18x-19.8%€878.5m
VID Vidrala
16.3x21.3%€2.0b
MCM Miquel y Costas & Miquel
9.7xn/a€491.1m
ACX Acerinox
2.5x-27.2%€2.5b
CMO Cementos Molins
9.7xn/a€1.0b

Price-To-Earnings vs Peers: CMO is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (11.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: CMO is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the European Basic Materials industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is CMO'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.

CMO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: CMO (€16) is trading above our estimate of fair value (€13.46)

Significantly Below Fair Value: CMO is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Cementos Molins forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CMO's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if CMO's earnings are forecast to grow faster than the Spanish market

High Growth Earnings: Insufficient data to determine if CMO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CMO's revenue (3.1% per year) is forecast to grow slower than the Spanish market (3.7% per year).

High Growth Revenue: CMO's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CMO's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Cementos Molins performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CMO has high quality earnings.

Growing Profit Margin: CMO's current net profit margins (10.5%) are lower than last year (16.8%).


Past Earnings Growth Analysis

Earnings Trend: CMO's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: CMO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CMO had negative earnings growth (-10.9%) over the past year, making it difficult to compare to the Basic Materials industry average (28.2%).


Return on Equity

High ROE: CMO's Return on Equity (11.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Cementos Molins's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CMO's short term assets (€479.3M) exceed its short term liabilities (€335.6M).

Long Term Liabilities: CMO's short term assets (€479.3M) exceed its long term liabilities (€465.4M).


Debt to Equity History and Analysis

Debt Level: CMO's net debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: CMO's debt to equity ratio has reduced from 46% to 25.5% over the past 5 years.

Debt Coverage: CMO's debt is well covered by operating cash flow (34.2%).

Interest Coverage: CMO's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


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Dividend

What is Cementos Molins's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CMO's dividend (3.5%) is higher than the bottom 25% of dividend payers in the Spanish market (2.16%).

High Dividend: CMO's dividend (3.5%) is low compared to the top 25% of dividend payers in the Spanish market (5.98%).


Stability and Growth of Payments

Stable Dividend: CMO's dividends per share have been stable in the past 10 years.

Growing Dividend: CMO's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.8%), CMO's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52.9%), CMO's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Julio Rodriguez Izquierdo (61 yo)

7.17yrs

Tenure

€1,042,000

Compensation

Mr. Julio Rodriguez Izquierdo has been the Chief Executive Officer and Executive Director at Cementos Molins, S.A. since June 30, 2015 and served as its Managing Director. Mr. Izquierdo served as an Execut...


CEO Compensation Analysis

Compensation vs Market: Julio's total compensation ($USD1.07M) is about average for companies of similar size in the Spanish market ($USD1.23M).

Compensation vs Earnings: Julio's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CMO's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: CMO's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cementos Molins, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cementos Molins, S.A.
  • Ticker: CMO
  • Exchange: BDM
  • Founded: 1928
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: €1.014b
  • Shares outstanding: 63.36m
  • Website: https://www.cemolins.es

Number of Employees


Location

  • Cementos Molins, S.A.
  • Calle Espronceda 38
  • Local 3
  • Madrid
  • Madrid
  • 28003
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.