Executive Summary
Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 4.7% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with proven track record.
Similar Companies
Share Price & News
How has Buzzi Unicem's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BZU is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BZU's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.2%
BZU
-2.0%
IT Basic Materials
-2.2%
IT Market
1 Year Return
-3.0%
BZU
0.4%
IT Basic Materials
-11.1%
IT Market
Return vs Industry: BZU underperformed the Italian Basic Materials industry which returned 0.4% over the past year.
Return vs Market: BZU exceeded the Italian Market which returned -11.2% over the past year.
Shareholder returns
| BZU | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | -2.0% | -2.2% |
| 30 Day | 8.9% | 7.5% | 0.5% |
| 90 Day | 2.4% | 16.9% | 13.3% |
| 1 Year | -2.0%-3.0% | 3.8%0.4% | -8.3%-11.1% |
| 3 Year | -6.6%-8.6% | -0.4%-9.4% | -3.9%-14.0% |
| 5 Year | 56.8%52.1% | 41.7%22.6% | 25.4%-9.3% |
Long-Term Price Volatility Vs. Market
How volatile is Buzzi Unicem's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Can Buzzi Unicem (BIT:BZU) Continue To Grow Its Returns On Capital?3 weeks ago | Simply Wall St
What Kind Of Shareholders Own Buzzi Unicem S.p.A. (BIT:BZU)?1 month ago | Simply Wall St
When Should You Buy Buzzi Unicem S.p.A. (BIT:BZU)?Valuation
Is Buzzi Unicem undervalued compared to its fair value and its price relative to the market?
9.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BZU (€21.3) is trading above our estimate of fair value (€19.22)
Significantly Below Fair Value: BZU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BZU is good value based on its PE Ratio (9.4x) compared to the XE Basic Materials industry average (16.2x).
PE vs Market: BZU is good value based on its PE Ratio (9.4x) compared to the Italian market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: BZU's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BZU's PB Ratio (1.2x) is in line with the XE Basic Materials industry average.
Next Steps
Future Growth
How is Buzzi Unicem forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
-4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BZU's earnings are forecast to decline over the next 3 years (-4.7% per year).
Earnings vs Market: BZU's earnings are forecast to decline over the next 3 years (-4.7% per year).
High Growth Earnings: BZU's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BZU's revenue (2.7% per year) is forecast to grow slower than the Italian market (3.2% per year).
High Growth Revenue: BZU's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BZU's Return on Equity is forecast to be low in 3 years time (8.7%).
Next Steps
Past Performance
How has Buzzi Unicem performed over the past 5 years?
23.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BZU has high quality earnings.
Growing Profit Margin: BZU's current net profit margins (14.5%) are higher than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: BZU's earnings have grown significantly by 23.3% per year over the past 5 years.
Accelerating Growth: BZU's earnings growth over the past year (18.8%) is below its 5-year average (23.3% per year).
Earnings vs Industry: BZU earnings growth over the past year (18.8%) exceeded the Basic Materials industry -7.8%.
Return on Equity
High ROE: BZU's Return on Equity (12.7%) is considered low.
Next Steps
Financial Health
How is Buzzi Unicem's financial position?
Financial Position Analysis
Short Term Liabilities: BZU's short term assets (€2.0B) exceed its short term liabilities (€509.1M).
Long Term Liabilities: BZU's short term assets (€2.0B) do not cover its long term liabilities (€2.3B).
Debt to Equity History and Analysis
Debt Level: BZU's debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: BZU's debt to equity ratio has reduced from 58.8% to 35.8% over the past 5 years.
Debt Coverage: BZU's debt is well covered by operating cash flow (48.4%).
Interest Coverage: BZU's interest payments on its debt are well covered by EBIT (28.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Buzzi Unicem current dividend yield, its reliability and sustainability?
0.70%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BZU's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.43%).
High Dividend: BZU's dividend (0.71%) is low compared to the top 25% of dividend payers in the Italian market (4.57%).
Stability and Growth of Payments
Stable Dividend: BZU is not paying a notable dividend for the Italian market, therefore no need to check if payments are stable.
Growing Dividend: BZU is not paying a notable dividend for the Italian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BZU is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BZU's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average board tenure
CEO
Pietro Buzzi (59 yo)
no data
Tenure
€329,885
Compensation
Mr. Pietro Buzzi serves as a Chief Executive Officer at Buzzi Unicem S.p.A and serves as its Director. He served as a Chief Executive of Finance at Buzzi Unicem SpA since May 12, 2017. After a short experi...
CEO Compensation Analysis
Compensation vs Market: Pietro's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD2.36M).
Compensation vs Earnings: Pietro's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | no data | €329.89k | no data | |
| Chief Executive Operations & Executive Director | 16yrs | €315.99k | no data | |
| Executive Director | 1yr | no data | no data | |
| Non-Executive Independent Director | 18yrs | €45.00k | no data | |
| Non-Executive Director | 13yrs | €210.00k | no data | |
| Non-Executive Independent Director | 7yrs | €45.00k | no data | |
| President of Board | 1yr | €45.00k | no data | |
| Non-Executive Independent Director | 10yrs | €60.00k | no data | |
| Chairman of Board of Statutory Auditors | no data | €45.00k | no data | |
| Non-Executive Independent Director | 7yrs | €45.00k | no data | |
| Non-Executive Independent Director | 4yrs | no data | no data | |
| Independent Non-Executive Director | 1.67yrs | no data | no data |
7.0yrs
Average Tenure
58yo
Average Age
Experienced Board: BZU's board of directors are considered experienced (7 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
Buzzi Unicem S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Buzzi Unicem S.p.A.
- Ticker: BZU
- Exchange: BIT
- Founded: 1907
- Industry: Construction Materials
- Sector: Materials
- Market Cap: €4.090b
- Shares outstanding: 205.52m
- Website: https://www.buzziunicem.it
Number of Employees
Location
- Buzzi Unicem S.p.A.
- via Luigi Buzzi, 6
- Casale Monferrato
- Alessandria
- 15033
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BZZF.F | OTCPK (Pink Sheets LLC) | Saving Shares | US | USD | Jan 1992 | |
| UCM | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| UCM1 | DB (Deutsche Boerse AG) | Saving Shares | DE | EUR | Jan 1992 | |
| BZU | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1992 |
| BZUR | BIT (Borsa Italiana) | Saving Shares | IT | EUR | Jan 1992 | |
| BZZU.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| 0NVQ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| 0NVR | LSE (London Stock Exchange) | Saving Shares | GB | EUR | Jan 1992 | |
| BZUM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| BZURM | BATS-CHIXE (BATS 'Chi-X Europe') | Saving Shares | GB | EUR | Jan 1992 | |
| BZU | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1992 |
| BZZU.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 |
Biography
Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates. It offers construction hydraulic binders for making plasters an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 18:34 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.