Executive Summary
Buzzi Unicem SpA, together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates.
Rewards
Risk Analysis
No risks detected for BZU from our risk checks.
Snowflake Analysis
Excellent balance sheet and good value.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.3%
BZU
-1.8%
IT Basic Materials
1.0%
IT Market
1 Year Return
32.9%
BZU
9.0%
IT Basic Materials
17.6%
IT Market
Return vs Industry: BZU exceeded the Italian Basic Materials industry which returned 9.3% over the past year.
Return vs Market: BZU exceeded the Italian Market which returned 18.6% over the past year.
Shareholder returns
| BZU | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.8% | 1.0% |
| 30 Day | 4.3% | -1.8% | 4.1% |
| 90 Day | -0.6% | 0.3% | 6.5% |
| 1 Year | 33.7%32.9% | 12.4%9.0% | 22.8%17.6% |
| 3 Year | -1.5%-3.1% | 1.6%-6.6% | 39.4%25.4% |
| 5 Year | 83.5%79.1% | 10.4%-3.5% | 17.6%-22.5% |
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
2 days ago | Simply Wall St
Is Buzzi Unicem S.p.A. (BIT:BZU) Better Than Average At Deploying Capital?3 weeks ago | Simply Wall St
What Does Buzzi Unicem S.p.A.'s (BIT:BZU) Share Price Indicate?1 month ago | Simply Wall St
Are Investors Undervaluing Buzzi Unicem S.p.A. (BIT:BZU) By 35%?Valuation
Is Buzzi Unicem undervalued compared to its fair value and its price relative to the market?
42.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BZU (€22.57) is trading below our estimate of fair value (€39.28)
Significantly Below Fair Value: BZU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BZU is good value based on its PE Ratio (11.7x) compared to the Basic Materials industry average (13x).
PE vs Market: BZU is good value based on its PE Ratio (11.7x) compared to the Italian market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: BZU is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: BZU is overvalued based on its PB Ratio (1.4x) compared to the XE Basic Materials industry average (1.2x).
Next Steps
Future Growth
How is Buzzi Unicem forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
5.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BZU's forecast earnings growth (5.8% per year) is above the savings rate (1.2%).
Earnings vs Market: BZU's earnings (5.8% per year) are forecast to grow slower than the Italian market (9.9% per year).
High Growth Earnings: BZU's earnings are forecast to grow, but not significantly.
Revenue vs Market: BZU's revenue (4.2% per year) is forecast to grow faster than the Italian market (4.2% per year).
High Growth Revenue: BZU's revenue (4.2% 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 (10.5%).
Next Steps
Past Performance
How has Buzzi Unicem performed over the past 5 years?
35.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BZU has high quality earnings.
Growing Profit Margin: BZU's current net profit margins (12.9%) are lower than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: BZU has become profitable over the past 5 years, growing earnings by 35.3% per year.
Accelerating Growth: BZU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BZU had negative earnings growth (-0.8%) over the past year, making it difficult to compare to the Basic Materials industry average (25.3%).
Return on Equity
High ROE: BZU's Return on Equity (11.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Buzzi Unicem's financial position?
Financial Position Analysis
Short Term Liabilities: BZU's short term assets (€1.7B) exceed its short term liabilities (€805.8M).
Long Term Liabilities: BZU's short term assets (€1.7B) do not cover its long term liabilities (€1.9B).
Debt to Equity History and Analysis
Debt Level: BZU's debt to equity ratio (38.7%) is considered satisfactory.
Reducing Debt: BZU's debt to equity ratio has reduced from 69.9% to 38.7% over the past 5 years.
Debt Coverage: BZU's debt is well covered by operating cash flow (32.4%).
Interest Coverage: BZU's interest payments on its debt are well covered by EBIT (13.1x coverage).
Balance Sheet
Inventory Level: BZU has a high level of physical assets or inventory.
Debt Coverage by Assets: BZU's debt is covered by short term assets (assets are 1.3x debt).
Next Steps
Dividend
What is Buzzi Unicem's current dividend yield, its reliability and sustainability?
0.55%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BZU's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.87%).
High Dividend: BZU's dividend (0.55%) is low compared to the top 25% of dividend payers in the Italian market (4.34%).
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?
13.6yrs
Average board tenure
CEO
Buzzi Unicem has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 2.8yrs | €243.60k | no data | |
| Chief Executive of Finance & Executive Director | 20.1yrs | €329.89k | no data | |
| Chief Executive Operations & Executive Director | 15.1yrs | €315.99k | no data | |
| Non-Executive Independent Director | 17.1yrs | €45.00k | no data | |
| Non-Executive Independent Director | 21.1yrs | €60.00k | no data | |
| Honorary Chairman | 0yrs | €98.09k | no data | |
| Non-Executive Independent Director | 12.1yrs | €210.00k | no data | |
| Non-Executive Independent Director | 6.1yrs | €45.00k | no data | |
| Non-Executive Vice Chairman of the Board | 2.8yrs | €45.00k | no data | |
| Chairman of Board of Statutory Auditors | 0yrs | €45.00k | no data |
13.6yrs
Average Tenure
71yo
Average Age
Experienced Board: BZU's board of directors are seasoned and experienced ( 13.6 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.
Recent Insider Transactions
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: €4.336b
- Shares outstanding: 205.30m
- 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 SpA, together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. The company has operations in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Russia, Mexico, and Brazil. Buzzi Unicem SpA was founded in 1907 and is based in Casale Monferrato, Italy.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 20:56 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.