Holcim AG

BATS-CHIXE:HOLNZ Stock Report

Market Cap: CHF 42.2b

Holcim Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 Future Cash Flow 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.

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: HOLNZ (CHF76.24) is trading below our estimate of future cash flow value (CHF126.28)

Significantly Below Future Cash Flow Value: HOLNZ 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 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 Ratio108.5x
EarningsCHF 389.00m
Market CapCHF 42.21b

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 Average45.4x
RHIM RHI Magnesita
18.9x26.16%UK£1.4b
BREE Breedon Group
11.7x12.27%UK£1.0b
SRC SigmaRoc
17.3x15.98%UK£1.4b
IBST Ibstock
133.5x33.97%UK£400.5m
HOLNZ Holcim
108.5x25.71%CHF 42.2b

Price-To-Earnings vs Peers: HOLNZ is expensive based on its Price-To-Earnings Ratio (108.5x) compared to the peer average (44.4x).

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies5PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HOLNZ is expensive based on its Price-To-Earnings Ratio (108.5x) compared to the European Basic Materials industry average (16.7x).

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 Ratio108.5x
Fair PE Ratio34.4x

Price-To-Earnings vs Fair Ratio: HOLNZ is expensive based on its Price-To-Earnings Ratio (108.5x) compared to the estimated Fair Price-To-Earnings Ratio (34.4x).

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 76.24
CHF 79.22
+3.91%
9.73%CHF 93.00CHF 58.00n/a21
May ’27CHF 72.68
CHF 78.55
+8.08%
9.36%CHF 93.00CHF 58.00n/a21
Apr ’27CHF 67.61
CHF 78.39
+15.94%
10.57%CHF 93.00CHF 58.00n/a21
Mar ’27CHF 71.12
CHF 79.38
+11.62%
10.99%CHF 93.00CHF 58.00n/a21
Feb ’27CHF 79.34
CHF 79.43
+0.11%
11.97%CHF 93.00CHF 55.00n/a20
Jan ’27CHF 77.72
CHF 75.42
-2.96%
11.96%CHF 91.00CHF 55.00n/a20
Dec ’26CHF 74.88
CHF 73.20
-2.24%
10.38%CHF 83.50CHF 55.00n/a20
Nov ’26CHF 71.38
CHF 71.55
+0.24%
10.35%CHF 83.50CHF 55.00n/a20
Oct ’26CHF 67.24
CHF 68.46
+1.82%
10.96%CHF 81.30CHF 51.00n/a18
Sep ’26CHF 66.64
CHF 66.02
-0.93%
9.79%CHF 79.30CHF 51.00n/a16
Aug ’26CHF 65.04
CHF 64.63
-0.64%
8.02%CHF 73.00CHF 51.00n/a16
Jul ’26CHF 58.44
CHF 58.60
+0.27%
12.55%CHF 67.00CHF 48.27n/a12
Jun ’26CHF 91.00
CHF 98.03
+7.73%
10.99%CHF 120.00CHF 84.00n/a21
May ’26CHF 91.22
CHF 97.14
+6.48%
10.65%CHF 120.00CHF 84.00CHF 72.6820
Apr ’26CHF 95.92
CHF 97.84
+2.00%
11.09%CHF 116.00CHF 75.00CHF 67.6120
Mar ’26CHF 98.74
CHF 95.11
-3.67%
11.41%CHF 111.00CHF 72.00CHF 71.1221
Feb ’26CHF 91.94
CHF 94.47
+2.75%
11.71%CHF 111.00CHF 72.00CHF 79.3421
Jan ’26CHF 87.36
CHF 92.82
+6.25%
13.43%CHF 111.00CHF 62.00CHF 77.7221
Dec ’25CHF 89.54
CHF 91.56
+2.26%
13.19%CHF 111.00CHF 62.00CHF 74.8821
Nov ’25CHF 86.44
CHF 87.12
+0.79%
9.70%CHF 100.00CHF 62.00CHF 71.3821
Oct ’25CHF 82.42
CHF 86.11
+4.47%
10.16%CHF 100.00CHF 61.00CHF 67.2420
Sep ’25CHF 81.84
CHF 85.43
+4.38%
10.45%CHF 96.00CHF 61.00CHF 66.6420
Aug ’25CHF 82.22
CHF 84.93
+3.29%
10.46%CHF 96.00CHF 61.00CHF 65.0420
Jul ’25CHF 79.98
CHF 83.39
+4.27%
11.57%CHF 97.50CHF 61.00CHF 58.4419
Jun ’25CHF 78.62
CHF 82.96
+5.52%
11.97%CHF 97.50CHF 61.00CHF 91.0019
May ’25CHF 77.25
CHF 80.96
+4.80%
12.93%CHF 97.50CHF 61.00CHF 91.2218
CHF 79.14
Fair Value
3.7% undervalued intrinsic discount
21
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/28 15:30
End of Day Share Price 2026/05/28 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

Holcim AG is covered by 40 analysts. 16 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
Patrick AppenzellerBaader Helvea Equity Research
Pierre Sylvain RousseauBarclays