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CEM

Cementir HoldingBIT:CEM Stock Report

Last Price

€7.69

Market Cap

€1.2b

7D

-5.3%

1Y

7.1%

Updated

25 Jan, 2022

Data

Company Financials +
CEM fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends4/6

CEM Stock Overview

Cementir Holding N.V., through its subsidiaries, provides cement and ready-mixed concrete in the Nordic and Baltic, Belgium, North America, Turkey, Egypt, Asia Pacific, Italy, and internationally.

Cementir Holding Competitors

Buzzi Unicem

BIT:BZU

€3.5b

CRH

ISE:CRG

€33.1b

Holcim

SWX:HOLN

CHF29.7b

HeidelbergCement

XTRA:HEI

€11.8b

Price History & Performance

Summary of all time highs, changes and price drops for Cementir Holding
Historical stock prices
Current Share Price€7.69
52 Week High€9.98
52 Week Low€6.71
Beta1.32
1 Month Change-8.12%
3 Month Change-15.86%
1 Year Change7.10%
3 Year Change29.90%
5 Year Change94.49%
Change since IPO168.97%

Recent News & Updates

Dec 14
We Think Cementir Holding (BIT:CEM) Can Manage Its Debt With Ease

We Think Cementir Holding (BIT:CEM) Can Manage Its Debt With Ease

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Oct 13
At €8.81, Is It Time To Put Cementir Holding N.V. (BIT:CEM) On Your Watch List?

At €8.81, Is It Time To Put Cementir Holding N.V. (BIT:CEM) On Your Watch List?

Cementir Holding N.V. ( BIT:CEM ), might not be a large cap stock, but it received a lot of attention from a...

Aug 30
Cementir Holding (BIT:CEM) Seems To Use Debt Rather Sparingly

Cementir Holding (BIT:CEM) Seems To Use Debt Rather Sparingly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Aug 13
Is There An Opportunity With Cementir Holding N.V.'s (BIT:CEM) 49% Undervaluation?

Is There An Opportunity With Cementir Holding N.V.'s (BIT:CEM) 49% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Cementir Holding N.V. ( BIT:CEM ) by taking the...

Shareholder Returns

CEMIT Basic MaterialsIT Market
7D-5.3%-5.9%-5.0%
1Y7.1%6.2%16.4%

Return vs Industry: CEM matched the Italian Basic Materials industry which returned 6.6% over the past year.

Return vs Market: CEM underperformed the Italian Market which returned 17.9% over the past year.

Price Volatility

Is CEM's price volatile compared to industry and market?
CEM volatility
CEM Average Weekly Movement3.4%
Basic Materials Industry Average Movement4.0%
Market Average Movement4.5%
10% most volatile stocks in IT Market7.3%
10% least volatile stocks in IT Market2.8%

Stable Share Price: CEM is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CEM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19473,090Francesco Caltagironehttps://www.cementirholding.com

Cementir Holding N.V., through its subsidiaries, provides cement and ready-mixed concrete in the Nordic and Baltic, Belgium, North America, Turkey, Egypt, Asia Pacific, Italy, and internationally. The company offers white cement for architectural, aesthetic, and structural applications; grey cement for the construction industry; concrete for use in infrastructure, landscaping, industry and agriculture, energy and environment, buildings, and pre-stressed and prefabricated concrete products; and aggregates, such as natural sand, gravel, and crushed stones. It also provides Aalborg Extreme, a premixed concrete for thin concrete products production; Aalborg Excel, a ready-to-use mortar for sophisticated aesthetics used for glass fiber concrete; Aalborg Explore, a ready-to-use mortar; and FUTURECEM cement.

Cementir Holding Fundamentals Summary

How do Cementir Holding's earnings and revenue compare to its market cap?
CEM fundamental statistics
Market Cap€1.20b
Earnings (TTM)€141.92m
Revenue (TTM)€1.35b

8.5x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CEM income statement (TTM)
Revenue€1.35b
Cost of Revenue€862.92m
Gross Profit€482.79m
Expenses€340.87m
Earnings€141.92m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)0.91
Gross Margin35.88%
Net Profit Margin10.55%
Debt/Equity Ratio24.4%

How did CEM perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

16%

Payout Ratio

Valuation

Is Cementir Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CEM (€7.69) is trading below our estimate of fair value (€20.72)

Significantly Below Fair Value: CEM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CEM is good value based on its PE Ratio (8.5x) compared to the European Basic Materials industry average (15.1x).

PE vs Market: CEM is good value based on its PE Ratio (8.5x) compared to the Italian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: CEM is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: CEM is good value based on its PB Ratio (1.1x) compared to the XE Basic Materials industry average (1.6x).


Future Growth

How is Cementir Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEM's forecast earnings growth (9.3% per year) is above the savings rate (1.8%).

Earnings vs Market: CEM's earnings (9.3% per year) are forecast to grow slower than the Italian market (11.2% per year).

High Growth Earnings: CEM's earnings are forecast to grow, but not significantly.

Revenue vs Market: CEM's revenue (5% per year) is forecast to grow faster than the Italian market (0.3% per year).

High Growth Revenue: CEM's revenue (5% 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 (11.3%).


Past Performance

How has Cementir Holding performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEM has high quality earnings.

Growing Profit Margin: CEM's current net profit margins (10.5%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: CEM's earnings have grown by 2.9% per year over the past 5 years.

Accelerating Growth: CEM's earnings growth over the past year (75%) exceeds its 5-year average (2.9% per year).

Earnings vs Industry: CEM earnings growth over the past year (75%) exceeded the Basic Materials industry 33%.


Return on Equity

High ROE: CEM's Return on Equity (12.5%) is considered low.


Financial Health

How is Cementir Holding's financial position?


Financial Position Analysis

Short Term Liabilities: CEM's short term assets (€625.4M) exceed its short term liabilities (€445.3M).

Long Term Liabilities: CEM's short term assets (€625.4M) exceed its long term liabilities (€455.3M).


Debt to Equity History and Analysis

Debt Level: CEM's net debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: CEM's debt to equity ratio has reduced from 34.9% to 24.4% over the past 5 years.

Debt Coverage: CEM's debt is well covered by operating cash flow (95.1%).

Interest Coverage: CEM's interest payments on its debt are well covered by EBIT (30.6x coverage).


Balance Sheet


Dividend

What is Cementir Holding current dividend yield, its reliability and sustainability?

1.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CEM's dividend (1.82%) is higher than the bottom 25% of dividend payers in the Italian market (1.13%).

High Dividend: CEM's dividend (1.82%) is low compared to the top 25% of dividend payers in the Italian market (3.63%).


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 low payout ratio (15.9%), 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 (21.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Francesco Caltagirone (53 yo)

no data

Tenure

€5,325,000

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 ($USD6.01M) is above average for companies of similar size in the Italian market ($USD1.43M).

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


Leadership Team

Experienced Management: CEM's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: CEM's board of directors are seasoned and experienced ( 15.7 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

Cementir Holding N.V.'s 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
  • Implied Market Cap: €1.200b
  • Shares outstanding: 156.02m
  • Website: https://www.cementirholding.com

Number of Employees


Location

  • Cementir Holding N.V.
  • Corso di Francia 200
  • Rome
  • Rome
  • 191
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 21:39
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.