Holcim AG

LSE:0QKY Stock Report

Market Cap: CHF 50.0b

Holcim Valuation

Is 0QKY 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 0QKY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 193.99
Fair Value
54.3% undervalued intrinsic discount
21
Number of Analysts

Below Fair Value: 0QKY (CHF88.73) is trading below our estimate of fair value (CHF193.99)

Significantly Below Fair Value: 0QKY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QKY?

Key metric: As 0QKY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QKY. This is calculated by dividing 0QKY's market cap by their current earnings.
What is 0QKY's PE Ratio?
PE Ratio16.7x
EarningsCHF 3.01b
Market CapCHF 50.02b

Price to Earnings Ratio vs Peers

How does 0QKY's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QKY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.5x
BREE Breedon Group
15x14.2%UK£1.4b
RHIM RHI Magnesita
9.9x10.9%UK£1.5b
IBST Ibstock
90.2x36.5%UK£635.9m
MSLH Marshalls
30.8x28.1%UK£661.0m
0QKY Holcim
16.7x7.3%CHF 50.0b

Price-To-Earnings vs Peers: 0QKY 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 0QKY's PE Ratio compare vs other companies in the European Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0QKY 16.7xIndustry Avg. 13.2xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QKY 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 0QKY'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.

0QKY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: 0QKY 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 0QKY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 88.73
CHF 93.11
+4.9%
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 89.44
CHF 91.56
+2.4%
13.2%CHF 111.00CHF 62.00n/a21
Nov ’25CHF 85.99
CHF 87.12
+1.3%
9.7%CHF 100.00CHF 62.00n/a21
Oct ’25CHF 82.86
CHF 86.11
+3.9%
10.2%CHF 100.00CHF 61.00n/a20
Sep ’25CHF 81.73
CHF 85.43
+4.5%
10.5%CHF 96.00CHF 61.00n/a20
Aug ’25CHF 82.16
CHF 84.93
+3.4%
10.5%CHF 96.00CHF 61.00n/a20
Jul ’25CHF 80.24
CHF 83.39
+3.9%
11.6%CHF 97.50CHF 61.00n/a19
Jun ’25CHF 79.35
CHF 82.96
+4.6%
12.0%CHF 97.50CHF 61.00n/a19
May ’25CHF 77.18
CHF 80.96
+4.9%
12.9%CHF 97.50CHF 61.00n/a18
Apr ’25CHF 81.68
CHF 78.57
-3.8%
12.3%CHF 95.00CHF 61.00n/a18
Mar ’25CHF 73.46
CHF 73.33
-0.2%
11.7%CHF 90.50CHF 58.00n/a19
Feb ’25CHF 65.34
CHF 69.62
+6.6%
9.8%CHF 84.50CHF 58.00n/a19
Jan ’25CHF 65.98
CHF 66.79
+1.2%
10.6%CHF 80.00CHF 54.00CHF 87.3621
Dec ’24CHF 65.07
CHF 64.56
-0.8%
8.7%CHF 77.00CHF 54.00CHF 89.4420
Nov ’24CHF 57.17
CHF 64.56
+12.9%
8.7%CHF 77.00CHF 54.00CHF 85.9920
Oct ’24CHF 58.92
CHF 65.03
+10.4%
10.6%CHF 76.00CHF 48.00CHF 82.8620
Sep ’24CHF 58.30
CHF 64.67
+10.9%
10.8%CHF 76.00CHF 48.00CHF 81.7321
Aug ’24CHF 60.60
CHF 64.52
+6.5%
10.9%CHF 76.00CHF 48.00CHF 82.1621
Jul ’24CHF 60.19
CHF 64.10
+6.5%
12.6%CHF 78.50CHF 49.00CHF 80.2420
Jun ’24CHF 56.18
CHF 63.77
+13.5%
12.1%CHF 78.00CHF 49.00CHF 79.3519
May ’24CHF 58.81
CHF 63.77
+8.4%
12.1%CHF 78.00CHF 49.00CHF 77.1819
Apr ’24CHF 58.74
CHF 59.60
+1.5%
15.5%CHF 78.00CHF 39.00CHF 81.6819
Mar ’24CHF 58.28
CHF 55.52
-4.7%
15.5%CHF 71.00CHF 39.00CHF 73.4620
Feb ’24CHF 54.92
CHF 54.20
-1.3%
14.8%CHF 68.50CHF 39.00CHF 65.3420
Jan ’24CHF 47.88
CHF 50.97
+6.5%
13.9%CHF 64.00CHF 38.00CHF 65.9818
Analyst Price Target
Consensus Narrative from 21 Analysts
CHF 92.76
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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 19:33
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