Holcim AG

BATS-CHIXE:HOLNZ Stock Report

Market Cap: CHF 50.0b

Holcim Valuation

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

Valuation Score

4/6

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

Discounted Cash Flow
Simply Wall St
CHF 194.98
Fair Value
54.3% undervalued intrinsic discount
21
Number of Analysts

Below Fair Value: HOLNZ (CHF89.18) is trading below our estimate of fair value (CHF194.98)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HOLNZ. This is calculated by dividing HOLNZ's market cap by their current earnings.
What is HOLNZ's PE Ratio?
PE Ratio16.7x
EarningsCHF 3.01b
Market CapCHF 50.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HOLNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.3x
BREE Breedon Group
14.7x14.5%UK£1.4b
RHIM RHI Magnesita
9.9x10.9%UK£1.5b
IBST Ibstock
86.8x36.5%UK£654.1m
MSLH Marshalls
29.6x28.1%UK£666.1m
HOLNZ Holcim
16.7x7.3%CHF 50.0b

Price-To-Earnings vs Peers: HOLNZ is good value based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (36.5x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HOLNZ is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the European Basic Materials industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is HOLNZ'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.

HOLNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: HOLNZ is good value based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.2x).

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 HOLNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 89.18
CHF 93.11
+4.4%
13.3%CHF 111.00CHF 62.00n/a21
Jan ’26CHF 87.36
CHF 92.82
+6.3%
13.4%CHF 111.00CHF 62.00n/a21
Dec ’25CHF 89.54
CHF 91.56
+2.3%
13.2%CHF 111.00CHF 62.00n/a21
Nov ’25CHF 86.44
CHF 87.12
+0.8%
9.7%CHF 100.00CHF 62.00n/a21
Oct ’25CHF 82.42
CHF 86.11
+4.5%
10.2%CHF 100.00CHF 61.00n/a20
Sep ’25CHF 81.84
CHF 85.43
+4.4%
10.5%CHF 96.00CHF 61.00n/a20
Aug ’25CHF 82.22
CHF 84.93
+3.3%
10.5%CHF 96.00CHF 61.00n/a20
Jul ’25CHF 79.98
CHF 83.39
+4.3%
11.6%CHF 97.50CHF 61.00n/a19
Jun ’25CHF 78.62
CHF 82.96
+5.5%
12.0%CHF 97.50CHF 61.00n/a19
May ’25CHF 77.25
CHF 80.96
+4.8%
12.9%CHF 97.50CHF 61.00n/a18
Apr ’25CHF 81.56
CHF 78.57
-3.7%
12.3%CHF 95.00CHF 61.00n/a18
Mar ’25CHF 73.45
CHF 73.33
-0.2%
11.7%CHF 90.50CHF 58.00n/a19
Feb ’25CHF 65.09
CHF 69.62
+7.0%
9.8%CHF 84.50CHF 58.00n/a19
Jan ’25CHF 65.90
CHF 66.79
+1.4%
10.6%CHF 80.00CHF 54.00CHF 87.3621
Dec ’24CHF 65.06
CHF 64.56
-0.8%
8.7%CHF 77.00CHF 54.00CHF 89.5420
Nov ’24CHF 57.32
CHF 64.56
+12.6%
8.7%CHF 77.00CHF 54.00CHF 86.4420
Oct ’24CHF 58.70
CHF 65.03
+10.8%
10.6%CHF 76.00CHF 48.00CHF 82.4220
Sep ’24CHF 58.16
CHF 64.67
+11.2%
10.8%CHF 76.00CHF 48.00CHF 81.8421
Aug ’24CHF 60.82
CHF 64.52
+6.1%
10.9%CHF 76.00CHF 48.00CHF 82.2221
Jul ’24CHF 60.24
CHF 64.10
+6.4%
12.6%CHF 78.50CHF 49.00CHF 79.9820
Jun ’24CHF 56.18
CHF 63.77
+13.5%
12.1%CHF 78.00CHF 49.00CHF 78.6219
May ’24CHF 58.70
CHF 63.77
+8.6%
12.1%CHF 78.00CHF 49.00CHF 77.2519
Apr ’24CHF 59.00
CHF 59.60
+1.0%
15.5%CHF 78.00CHF 39.00CHF 81.5619
Mar ’24CHF 57.88
CHF 55.52
-4.1%
15.5%CHF 71.00CHF 39.00CHF 73.4520
Feb ’24CHF 54.88
CHF 54.20
-1.2%
14.8%CHF 68.50CHF 39.00CHF 65.0920
Jan ’24CHF 48.01
CHF 50.97
+6.2%
13.9%CHF 64.00CHF 38.00CHF 65.9018
Analyst Price Target
Consensus Narrative from 21 Analysts
CHF 93.23
Fair Value
4.3% undervalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 20:46
End of Day Share Price 2025/01/09 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Holcim AG is covered by 56 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick AppenzellerBaader Helvea Equity Research
Gerhard SchwarzBaader Helvea Equity Research
Christian ArnoldBank Vontobel AG