BIT:BZU

Stock Analysis Report

Executive Summary

Buzzi Unicem SpA, together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


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Share Price & News

How has Buzzi Unicem's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

BIT:BZU

1.1%

IT Basic Materials

-0.4%

IT Market


1 Year Return

4.0%

BIT:BZU

2.1%

IT Basic Materials

-3.0%

IT Market

BZU outperformed the Basic Materials industry which returned -6.7% over the past year.

BZU outperformed the Market in Italy which returned -3% over the past year.


Share holder returns

BZUIndustryMarket
7 Day0.6%1.1%-0.4%
30 Day-4.0%-3.6%-7.2%
90 Day-4.8%-3.4%-4.6%
1 Year4.7%4.0%3.2%2.1%1.2%-3.0%
3 Year-0.6%-2.2%9.2%6.5%22.2%5.8%
5 Year65.6%61.6%55.0%47.5%9.6%-34.8%

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

Valuation

Is Buzzi Unicem undervalued based on future cash flows and its price relative to the stock market?

26%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Buzzi Unicem's share price is below the future cash flow value, and at a moderate discount (> 20%).

Buzzi Unicem's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Buzzi Unicem is good value based on earnings compared to the Europe Basic Materials industry average.

Buzzi Unicem is good value based on earnings compared to the Italy market.


Price Based on Expected Growth

Buzzi Unicem is poor value based on expected growth next year.


Price Based on Value of Assets

Buzzi Unicem is overvalued based on assets compared to the Europe Basic Materials industry average.


Next Steps

Future Growth

How is Buzzi Unicem expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Buzzi Unicem's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).

Buzzi Unicem's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).

Buzzi Unicem's revenue growth is expected to exceed the Italy market average.

Buzzi Unicem's earnings growth is positive but not above the Italy market average.

Buzzi Unicem's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Buzzi Unicem is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Buzzi Unicem performed over the past 5 years?

35.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Buzzi Unicem has delivered over 20% year on year earnings growth in the past 5 years.

Buzzi Unicem's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Buzzi Unicem's 1-year earnings growth is negative, it can't be compared to the Europe Basic Materials industry average.


Return on Equity

Buzzi Unicem has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Buzzi Unicem used its assets more efficiently than the Europe Basic Materials industry average last year based on Return on Assets.


Return on Capital Employed

Buzzi Unicem has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Buzzi Unicem's financial position?


Financial Position Analysis

Buzzi Unicem is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Buzzi Unicem's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Buzzi Unicem's level of debt (38.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (69.9% vs 38.7% today).

Debt is well covered by operating cash flow (32.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 13.1x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

1.02%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Buzzi Unicem's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.15%).

Buzzi Unicem's dividend is below the markets top 25% of dividend payers in Italy (4.57%).

Buzzi Unicem is not paying a notable dividend for Italy, therefore no need to check if the payments are stable.

Buzzi Unicem is not paying a notable dividend for Italy, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Buzzi Unicem's dividends as it is not paying a notable one for Italy.


Future Payout to Shareholders

No need to calculate the sustainability of Buzzi Unicem's dividends in 3 years as they are not expected to pay a notable one for Italy.


Next Steps

Management

What is the CEO of Buzzi Unicem's salary, the management and board of directors tenure and is there insider trading?

13.1yrs

Average board tenure


CEO

Buzzi Unicem has no CEO, or we have no data on them.


Board Age and Tenure

13.1yrs

Average Tenure

71yo

Average Age

The average tenure for the Buzzi Unicem board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy€1,052,67128 Dec 18
Fimedi SpA
EntityCompany
Shares70,500
Max Price€14.93
Buy€1,946,88027 Dec 18
Fimedi SpA
EntityCompany
Shares130,000
Max Price€14.98
Buy€2,398,86421 Dec 18
Fimedi SpA
EntityCompany
Shares160,000
Max Price€14.99
Buy€11,96919 Dec 18
Fimedi SpA
EntityCompany
Shares800
Max Price€14.96
Buy€1,531,95818 Dec 18
Fimedi SpA
EntityCompany
Shares102,200
Max Price€14.99
Buy€545,56217 Dec 18
Fimedi SpA
EntityCompany
Shares36,500
Max Price€14.95
Buy€449,57318 Oct 18
Fimedi SpA
EntityCompany
Shares45,000
Max Price€9.99
Buy€438,05010 Oct 18
Fimedi SpA
EntityCompany
Shares43,000
Max Price€10.19
Buy€42,92012 Sep 18
Fimedi SpA
EntityCompany
Shares4,300
Max Price€9.98

Ownership Breakdown


Management Team

  • Enrico Buzzi (81yo)

    Executive Chairman of the Board

    • Compensation: 243.60k
  • Michele Buzzi (56yo)

    Chief Executive Operations & Executive Director

    • Tenure: 2.3yrs
    • Compensation: 315.99k
  • Pietro Buzzi (58yo)

    Chief Executive of Finance & Executive Director

    • Tenure: 2.3yrs
    • Compensation: 329.89k
  • Patrick Klein

    Group Treasurer & Financial Controller

  • Agostino Pieressa

    Investor Relations Officer


Board Members

  • Enrico Buzzi (81yo)

    Executive Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: 243.60k
  • Fabrizio Di Giusto

    Chairman of Board of Statutory Auditors

    • Compensation: 45.00k
  • Veronica Buzzi (48yo)

    Non-Executive Vice Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: 45.00k
  • Sandro Buzzi (86yo)

    Honorary Chairman

    • Compensation: 98.09k
  • Gianfelice Rocca (71yo)

    Non-Executive Independent Director

    • Tenure: 16.6yrs
    • Compensation: 45.00k
  • Pietro Buzzi (58yo)

    Chief Executive of Finance & Executive Director

    • Tenure: 19.6yrs
    • Compensation: 329.89k
  • Michele Buzzi (56yo)

    Chief Executive Operations & Executive Director

    • Tenure: 14.6yrs
    • Compensation: 315.99k
  • Paolo Burlando (57yo)

    Non-Executive Independent Director

    • Tenure: 11.6yrs
    • Compensation: 210.00k
  • Maurizio Sella (77yo)

    Non-Executive Independent Director

    • Tenure: 20.6yrs
    • Compensation: 60.00k
  • Elsa Fornero (71yo)

    Non-Executive Independent Director

    • Tenure: 5.6yrs
    • Compensation: 45.00k

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: €3.543b
  • Shares outstanding: 205.30m
  • Website: Click here

Number of Employees


Location

  • Buzzi Unicem S.p.A.
  • via Luigi Buzzi, 6
  • Casale Monferrato
  • Alessandria
  • 15033
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UCMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
BZUWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
0NVQLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
BZZU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
BZUMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
BZUBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
BZURMBATS-CHIXE (BATS 'Chi-X Europe')Saving SharesGBEURJan 1992
UCM1DB (Deutsche Boerse AG)Saving SharesDEEURJan 1992
0NVRLSE (London Stock Exchange)Saving SharesGBEURJan 1992
BZZF.FOTCPK (Pink Sheets LLC)Saving SharesUSUSDJan 1992
BZZU.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008
BZURBIT (Borsa Italiana)Saving SharesITEURJan 1992

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, Luxembour ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 20:46
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.