Executive Summary
Cementir Holding S.p.A., through its subsidiaries, manufactures and distributes grey and white cement, ready-mix concrete, aggregates, and concrete products worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Good value with adequate balance sheet and pays a dividend.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.5%
CEM
1.7%
IT Basic Materials
0.2%
IT Market
1 Year Return
42.1%
CEM
31.4%
IT Basic Materials
18.6%
IT Market
Return vs Industry: CEM exceeded the Italian Basic Materials industry which returned 31.4% over the past year.
Return vs Market: CEM exceeded the Italian Market which returned 18.6% over the past year.
Shareholder returns
| CEM | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.5% | 1.7% | 0.2% |
| 30 Day | 7.3% | 4.1% | -0.9% |
| 90 Day | 9.1% | 6.2% | 4.3% |
| 1 Year | 45.4%42.1% | 35.5%31.4% | 23.9%18.6% |
| 3 Year | 73.0%63.5% | 7.8%-0.8% | 25.5%6.6% |
| 5 Year | 51.7%37.7% | 29.9%13.3% | 30.4%-15.8% |
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
Has Cementir Holding N.V. (BIT:CEM) Been Employing Capital Shrewdly?2 weeks ago | Simply Wall St
Need To Know: Cementir Holding N.V. (BIT:CEM) Insiders Have Been Buying Shares4 weeks ago | Simply Wall St
Are You An Income Investor? Don't Miss Out On Cementir Holding S.p.A. (BIT:CEM)Valuation
Is Cementir Holding undervalued compared to its fair value and its price relative to the market?
15.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CEM (€6.87) is trading below our estimate of fair value (€8.1)
Significantly Below Fair Value: CEM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CEM is good value based on its PE Ratio (12.1x) compared to the Basic Materials industry average (13.1x).
PE vs Market: CEM is good value based on its PE Ratio (12.1x) compared to the Italian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CEM is poor value based on its PEG Ratio (1x)
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 (1.2x).
Next Steps
Future Growth
How is Cementir Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
11.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEM's forecast earnings growth (11.7% per year) is above the savings rate (1.2%).
Earnings vs Market: CEM's earnings (11.7% per year) are forecast to grow faster than the Italian market (8.6% per year).
High Growth Earnings: CEM's earnings are forecast to grow, but not significantly.
Revenue vs Market: CEM's revenue (4.1% per year) is forecast to grow faster than the Italian market (3% per year).
High Growth Revenue: CEM's revenue (4.1% 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 (9.4%).
Next Steps
Past Performance
How has Cementir Holding performed over the past 5 years?
17.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEM has high quality earnings.
Growing Profit Margin: CEM's current net profit margins (7.4%) are lower than last year (13.3%).
Past Earnings Growth Analysis
Earnings Trend: CEM's earnings have grown by 17.3% 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 (-42.9%) over the past year, making it difficult to compare to the Basic Materials industry average (24.5%).
Return on Equity
High ROE: CEM's Return on Equity (8.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cementir Holding's financial position?
Financial Position Analysis
Short Term Liabilities: CEM's short term assets (€589.1M) exceed its short term liabilities (€318.1M).
Long Term Liabilities: CEM's short term assets (€589.1M) do not cover its long term liabilities (€724.9M).
Debt to Equity History and Analysis
Debt Level: CEM's debt to equity ratio (43.2%) is considered high.
Reducing Debt: CEM's debt to equity ratio has reduced from 43.6% to 43.2% over the past 5 years.
Debt Coverage: CEM's debt is well covered by operating cash flow (38.7%).
Interest Coverage: CEM's interest payments on its debt are well covered by EBIT (18.1x coverage).
Balance Sheet
Inventory Level: CEM has a high level of physical assets or inventory.
Debt Coverage by Assets: CEM's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Cementir Holding's current dividend yield, its reliability and sustainability?
2.04%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CEM's dividend (2.04%) is higher than the bottom 25% of dividend payers in the Italian market (1.96%).
High Dividend: CEM's dividend (2.04%) is low compared to the top 25% of dividend payers in the Italian market (4.3%).
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 (24.7%), 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 (20.5% payout ratio).
Next Steps
Management
What is the CEO of Cementir Holding's salary, the management and board of directors tenure and is there insider trading?
2.1yrs
Average management tenure
CEO
Francesco Caltagirone (51yo)
0yrs
Tenure
€3,503,000
Compensation
Mr. Francesco 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 Execu ...
CEO Compensation Analysis
Compensation vs Market: Francesco's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.05M).
Compensation vs Earnings: Francesco's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.1yrs
Average Tenure
Experienced Management: CEM's management team is considered experienced (2.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 1,250,000 |
| Max Price | €5.93 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 1,250,000 |
| Max Price | €5.93 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 1,270,299 |
| Max Price | €6.04 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 1,270,299 |
| Max Price | €6.04 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 67,307 |
| Max Price | €4.80 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Francesco Caltagirone (51yo)
Chairman & CEO
- Tenure: 0yrs
- Compensation: €3.50m
Marco Bianconi (53yo)
Corporate Development
- Tenure: 3.1yrs
Paolo Zugaro
General Manager
- Tenure: 1.7yrs
Pasquale Vetrano
Chief Global Procurement Officer
- Tenure: 2.5yrs
Giacomo Cornetti
Chief Information Technology Officer
- Tenure: 2.3yrs
Claudio Gioacchino Criscuolo
General Counsel
- Tenure: 0yrs
Franco Doria
Chief Internal Audit Officer
- Tenure: 0yrs
Michele Marino
Chief Sales
- Tenure: 0yrs
Alessandro Maniscalco
Chief Human Resources Officer
- Tenure: 1.9yrs
Giovanni Luise
Chief Financial Officer
- Tenure: 1.1yrs
Board Members
Carlo Carlevaris (88yo)
Senior Non Executive Director
- Tenure: 0yrs
- Compensation: €12.00k
Azzurra Caltagirone (46yo)
Vice Chairman of the Board
- Tenure: 0.2yrs
- Compensation: €10.00k
Paolo Di Benedetto (72yo)
Independent Director
- Tenure: 0yrs
- Compensation: €71.00k
Mario Delfini
Director
- Tenure: 0yrs
- Compensation: €32.00k
Saverio Caltagirone
Director
- Tenure: 0yrs
- Compensation: €80.00k
Edoardo Caltagirone
Director
- Tenure: 0yrs
- Compensation: €10.00k
Francesco Caltagirone (51yo)
Chairman & CEO
- Tenure: 0yrs
- Compensation: €3.50m
Alessandro Caltagirone (50yo)
Vice Chairman of the Board
- Tenure: 0.2yrs
- Compensation: €8.00k
Fabio Corsico (46yo)
Director
- Tenure: 0yrs
- Compensation: €11.00k
Veronica De Romanis
Independent Director
- Tenure: 0yrs
- Compensation: €35.00k
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: €1.092b
- Shares outstanding: 159.12m
- Website: https://www.cementirholding.it
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 S.p.A., through its subsidiaries, manufactures and distributes grey and white cement, ready-mix concrete, aggregates, and concrete products worldwide. The company offers various grey cemen ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 20:51 |
| End of Day Share Price | 2019/12/13 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.