BIT:CEM

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Cementir Holding

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


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


Market Performance


7 Day Return

0.7%

CEM

0.4%

IT Basic Materials

-0.7%

IT Market


1 Year Return

-2.6%

CEM

-8.3%

IT Basic Materials

-12.5%

IT Market

Return vs Industry: CEM exceeded the Italian Basic Materials industry which returned -7.2% over the past year.

Return vs Market: CEM exceeded the Italian Market which returned -11.5% over the past year.


Shareholder returns

CEMIndustryMarket
7 Day0.7%0.4%-0.7%
30 Day0.7%0.6%-1.3%
90 Day-3.8%5.7%-0.1%
1 Year-0.04%-2.6%-5.2%-8.3%-10.3%-12.5%
3 Year-10.1%-15.6%-11.8%-19.7%-9.4%-17.7%
5 Year33.6%20.2%15.8%-0.06%-0.1%-31.4%

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

Valuation

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

12.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CEM (€6.08) is trading above our estimate of fair value (€4.44)

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 (12.7x) compared to the XE Basic Materials industry average (13x).

PE vs Market: CEM is good value based on its PE Ratio (12.7x) compared to the Italian market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: CEM is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: CEM's PB Ratio (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 4 analysts?

23.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEM's forecast earnings growth (23.4% per year) is above the savings rate (2%).

Earnings vs Market: CEM's earnings (23.4% per year) are forecast to grow slower than the Italian market (25.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CEM's revenue (3.6% per year) is forecast to grow faster than the Italian market (3.5% per year).

High Growth Revenue: CEM's revenue (3.6% 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 (8.9%).


Next Steps

Past Performance

How has Cementir Holding performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEM has high quality earnings.

Growing Profit Margin: CEM's current net profit margins (6.3%) are lower than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: CEM's earnings have grown by 7.6% 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 (-15.3%) over the past year, making it difficult to compare to the Basic Materials industry average (-11%).


Return on Equity

High ROE: CEM's Return on Equity (7.2%) 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 36.7% 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 (14.5x coverage).


Balance Sheet


Next Steps

Dividend

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

2.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CEM's dividend (2.3%) is higher than the bottom 25% of dividend payers in the Italian market (1.59%).

High Dividend: CEM's dividend (2.3%) is low compared to the top 25% of dividend payers in the Italian market (5.26%).


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 (29.2%), 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 (27.2% payout ratio).


Next Steps

Management

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

3.0yrs

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 ($USD5.94M) is above average for companies of similar size in the Italian market ($USD1.35M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Francesco Caltagirone
Chairman & Group CEOno data€5.02m5.35%
€ 51.8m
Giovanni Luise
Group Chief Financial Officer1.83yrsno datano data
Paolo Zugaro
Group Chief Operating Officerno datano datano data
Marco Bianconi
Group Chief M&Ano datano datano data
Claudio Gioacchino Criscuolo
Group General Counselno datano datano data
Michele Marino
Group Chief Salesno datano datano data
Alessandro Maniscalco
Group Chief Human Resources Officer2.67yrsno datano data
Pasquale Vetrano
Group Chief Procurement & Logistic Officer3.25yrsno datano data
Giacomo Cornetti
Group Chief Information Technology Officer3yrsno datano data
Franco Doria
Group Chief Internal Audit Officerno datano datano data
Patrick Franchomme
Chief Industrial Officerno datano datano data
Ansko Neumann
Chief Supply Chain Officer3.75yrsno datano data

3.0yrs

Average Tenure

Experienced Management: CEM's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Francesco Caltagirone
Chairman & Group CEOno data€5.02m5.35%
€ 51.8m
Azzurra Caltagirone
Vice Chairman of the Board0.92yr€11.00k1.44%
€ 13.9m
Paolo Di Benedetto
Independent Director8.42yrs€72.00kno data
Saverio Caltagirone
Director17.33yrs€12.00kno data
Edoardo Caltagirone
Director28.25yrs€10.00kno data
Claudio Bianchi
Standing Auditorno data€75.00kno data
Alessandro Caltagirone
Vice Chairman of the Board0.92yr€8.00k1.98%
€ 19.2m
Fabio Corsico
Director12.67yrs€236.00kno data
Veronica De Romanis
Independent Director5.42yrs€52.00kno data
Chiara Mancini
Independent Director5.42yrs€52.00kno data

6.9yrs

Average Tenure

51yo

Average Age

Experienced Board: CEM's board of directors are considered experienced (6.9 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: €967.450m
  • Shares outstanding: 159.12m
  • Website: https://www.cementirholding.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEMBIT (Borsa Italiana)YesOrdinary SharesITEURNov 1980
0HY2LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1980
CEMMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1980
3PCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 02:35
End of Day Share Price2020/09/18 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.