Executive Summary
Cementir Holding N.V., through its subsidiaries, produces and distributes grey and white cement, ready-mix concrete, aggregates, and concrete products in the Nordic and Baltic regions, Belgium, France, North America, Turkey, Egypt, the Asia Pacific, Italy, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Cementir Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CEM is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CEM's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
3.5%
CEM
1.8%
IT Basic Materials
2.8%
IT Market
1 Year Return
6.6%
CEM
-6.4%
IT Basic Materials
-9.9%
IT Market
Return vs Industry: CEM exceeded the Italian Basic Materials industry which returned -7% over the past year.
Return vs Market: CEM exceeded the Italian Market which returned -10.9% over the past year.
Shareholder returns
| CEM | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.5% | 1.8% | 2.8% |
| 30 Day | 21.3% | 11.0% | 13.3% |
| 90 Day | 17.1% | 8.6% | 7.9% |
| 1 Year | 9.3%6.6% | -3.3%-6.4% | -7.4%-9.9% |
| 3 Year | 5.9%-0.6% | -2.1%-10.8% | 1.2%-8.6% |
| 5 Year | 31.0%17.9% | 13.3%-2.1% | 4.7%-28.1% |
Long-Term Price Volatility Vs. Market
How volatile is Cementir Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Cementir Holding N.V. Just Beat Revenue Estimates By 6.9%2 weeks ago | Simply Wall St
At €5.62, Is It Time To Put Cementir Holding N.V. (BIT:CEM) On Your Watch List?Valuation
Is Cementir Holding undervalued compared to its fair value and its price relative to the market?
13.97x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CEM (€7.12) is trading above our estimate of fair value (€6.25)
Significantly Below Fair Value: CEM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CEM is good value based on its PE Ratio (14x) compared to the XE Basic Materials industry average (15x).
PE vs Market: CEM is good value based on its PE Ratio (14x) compared to the Italian market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: CEM is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: CEM's PB Ratio (1.1x) is in line with the XE Basic Materials industry average.
Next Steps
Future Growth
How is Cementir Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
12.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEM's forecast earnings growth (12% per year) is above the savings rate (2%).
Earnings vs Market: CEM's earnings (12% per year) are forecast to grow slower than the Italian market (24.6% per year).
High Growth Earnings: CEM's earnings are forecast to grow, but not significantly.
Revenue vs Market: CEM's revenue (2.6% per year) is forecast to grow slower than the Italian market (3.4% per year).
High Growth Revenue: CEM's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CEM's Return on Equity is forecast to be low in 3 years time (8.6%).
Next Steps
Past Performance
How has Cementir Holding performed over the past 5 years?
5.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEM has high quality earnings.
Growing Profit Margin: CEM's current net profit margins (6.7%) are lower than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: CEM's earnings have grown by 5.5% per year over the past 5 years.
Accelerating Growth: CEM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CEM had negative earnings growth (-6.5%) over the past year, making it difficult to compare to the Basic Materials industry average (-5.9%).
Return on Equity
High ROE: CEM's Return on Equity (7.7%) is considered low.
Next Steps
Financial Health
How is Cementir Holding's financial position?
Financial Position Analysis
Short Term Liabilities: CEM's short term assets (€820.4M) exceed its short term liabilities (€484.8M).
Long Term Liabilities: CEM's short term assets (€820.4M) exceed its long term liabilities (€717.2M).
Debt to Equity History and Analysis
Debt Level: CEM's debt to equity ratio (55.1%) is considered high.
Reducing Debt: CEM's debt to equity ratio has increased from 32.3% to 55.1% over the past 5 years.
Debt Coverage: CEM's debt is well covered by operating cash flow (36.8%).
Interest Coverage: CEM's interest payments on its debt are well covered by EBIT (54.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Cementir Holding current dividend yield, its reliability and sustainability?
1.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CEM's dividend (1.97%) is higher than the bottom 25% of dividend payers in the Italian market (1.53%).
High Dividend: CEM's dividend (1.97%) is low compared to the top 25% of dividend payers in the Italian market (4.9%).
Stability and Growth of Payments
Stable Dividend: CEM's dividend payments have been volatile in the past 10 years.
Growing Dividend: CEM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.5%), CEM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CEM's dividends in 3 years are forecast to be well covered by earnings (24.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Francesco Caltagirone (52 yo)
no data
Tenure
€5,024,000
Compensation
Mr. Francesco C. Caltagirone Jr., serves as the Group Chief Executive Officer and Member of Executive Board at Aalborg Portland Holding A/S. Mr. Caltagirone has been the Chairman of the Board and Chief Exe...
CEO Compensation Analysis
Compensation vs Market: Francesco's total compensation ($USD5.94M) is above average for companies of similar size in the Italian market ($USD1.68M).
Compensation vs Earnings: Francesco's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Group CEO | no data | €5.02m | 5.36% € 60.7m | |
| Group Chief Financial Officer | 2yrs | no data | no data | |
| Group Chief Operating Officer | no data | no data | no data | |
| Group Chief M&A | no data | no data | no data | |
| Group General Counsel | no data | no data | no data | |
| Group Chief Sales | no data | no data | no data | |
| Group Chief Human Resources Officer | 2.83yrs | no data | no data | |
| Group Chief Procurement & Logistic Officer | 3.42yrs | no data | no data | |
| Group Chief Information Technology Officer | 3.17yrs | no data | no data | |
| Group Chief Internal Audit Officer | no data | no data | no data | |
| Chief Industrial Officer | no data | no data | no data | |
| Chief Supply Chain Officer | 3.92yrs | no data | no data |
3.2yrs
Average Tenure
Experienced Management: CEM's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Group CEO | no data | €5.02m | 5.36% € 60.7m | |
| Vice Chairman of the Board | 1.08yrs | €11.00k | 1.44% € 16.3m | |
| Independent Director | 8.58yrs | €72.00k | no data | |
| Director | 17.5yrs | €12.00k | no data | |
| Director | 28.42yrs | €10.00k | no data | |
| Standing Auditor | no data | €75.00k | no data | |
| Vice Chairman of the Board | 1.08yrs | €8.00k | 1.98% € 22.4m | |
| Director | 12.83yrs | €236.00k | no data | |
| Independent Director | 5.58yrs | €52.00k | no data | |
| Independent Director | 5.58yrs | €52.00k | no data |
7.1yrs
Average Tenure
51yo
Average Age
Experienced Board: CEM's board of directors are considered experienced (7.1 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
Cementir Holding N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cementir Holding N.V.
- Ticker: CEM
- Exchange: BIT
- Founded: 1947
- Industry: Construction Materials
- Sector: Materials
- Market Cap: €1.132b
- Shares outstanding: 159.02m
- Website: https://www.cementirholding.com
Number of Employees
Location
- Cementir Holding N.V.
- 200, Corso di Francia
- Rome
- Rome
- 191
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CEM | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Nov 1980 |
| 0HY2 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Nov 1980 |
| CEMM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Nov 1980 |
| 3PC | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1980 |
Biography
Cementir Holding N.V., through its subsidiaries, produces and distributes grey and white cement, ready-mix concrete, aggregates, and concrete products in the Nordic and Baltic regions, Belgium, France, Nor...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 20:35 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| 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.