BIT:BZU

Stock Analysis Report

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Executive Summary

Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates. More Details


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.3%

BZU

-4.5%

IT Basic Materials

-2.1%

IT Market


1 Year Return

-13.0%

BZU

-14.3%

IT Basic Materials

-18.0%

IT Market

Return vs Industry: BZU exceeded the Italian Basic Materials industry which returned -14.3% over the past year.

Return vs Market: BZU exceeded the Italian Market which returned -18% over the past year.


Shareholder returns

BZUIndustryMarket
7 Day-7.3%-4.5%-2.1%
30 Day0.7%1.1%-0.6%
90 Day-4.7%-3.7%-5.3%
1 Year-12.2%-13.0%-11.5%-14.3%-15.8%-18.0%
3 Year-17.9%-19.6%-17.0%-24.3%-14.9%-22.9%
5 Year28.7%24.8%3.3%-10.9%-9.9%-30.7%

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 compared to its fair value and its price relative to the market?

8.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BZU (€19.24) is trading above our estimate of fair value (€16.68)

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 (8.5x) compared to the XE Basic Materials industry average (13.2x).

PE vs Market: BZU is good value based on its PE Ratio (8.5x) compared to the Italian market (16.5x).


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 (1.1x) 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?

-5.6%

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 (-5.6% per year).

Earnings vs Market: BZU's earnings are forecast to decline over the next 3 years (-5.6% per year).

High Growth Earnings: BZU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BZU's revenue (2.4% per year) is forecast to grow slower than the Italian market (3.3% per year).

High Growth Revenue: BZU's revenue (2.4% 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 (8.3%).


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?

0.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BZU's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.61%).

High Dividend: BZU's dividend (0.78%) is low compared to the top 25% of dividend payers in the Italian market (5.67%).


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?

6.8yrs

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 ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.78M).

Compensation vs Earnings: Pietro's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Pietro Buzzi
CEO & Directorno data€329.89kno data
Michele Buzzi
Chief Executive Operations & Executive Director15.75yrs€315.99kno data
Luigi Buzzi
Executive Director0.75yrno datano data
Gianfelice Mario Rocca
Non-Executive Independent Director17.75yrs€45.00kno data
Paolo Burlando
Non-Executive Director12.75yrs€210.00kno data
Elsa Fornero
Non-Executive Independent Director6.75yrs€45.00kno data
Veronica Buzzi
President of Board0.75yr€45.00kno data
Aldo Romario
Non-Executive Independent Director9.75yrs€60.00kno data
Fabrizio Di Giusto
Chairman of Board of Statutory Auditorsno data€45.00kno data
Linda Gilli
Non-Executive Independent Director6.75yrs€45.00kno data
Antonella Musy
Non-Executive Independent Director3.75yrsno datano data
Mario Paterlini
Independent Non-Executive Director1.42yrsno datano data

6.8yrs

Average Tenure

58yo

Average Age

Experienced Board: BZU's board of directors are considered experienced (6.8 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: €3.690b
  • 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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 20:43
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.