Executive Summary
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has HeidelbergCement's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HEI is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: HEI's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
HEI
-2.0%
IT Basic Materials
-2.2%
IT Market
1 Year Return
5.3%
HEI
0.4%
IT Basic Materials
-11.1%
IT Market
Return vs Industry: HEI exceeded the Italian Basic Materials industry which returned 0.4% over the past year.
Return vs Market: HEI exceeded the Italian Market which returned -11.2% over the past year.
Shareholder returns
| HEI | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -2.0% | -2.2% |
| 30 Day | 10.7% | 7.5% | 0.5% |
| 90 Day | 26.0% | 16.9% | 13.3% |
| 1 Year | 6.6%5.3% | 3.8%0.4% | -8.3%-11.1% |
| 3 Year | -22.2%-27.1% | -0.4%-9.4% | -3.9%-14.0% |
| 5 Year | n/a | 41.7%22.6% | 25.4%-9.3% |
Long-Term Price Volatility Vs. Market
How volatile is HeidelbergCement's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is HeidelbergCement 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: HEI (€67.46) is trading below our estimate of fair value (€211.82)
Significantly Below Fair Value: HEI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HEI is unprofitable, so we can't compare its PE Ratio to the XE Basic Materials industry average.
PE vs Market: HEI is unprofitable, so we can't compare its PE Ratio to the Italian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HEI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HEI is good value based on its PB Ratio (1x) compared to the XE Basic Materials industry average (1.2x).
Next Steps
Future Growth
How is HeidelbergCement forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
50.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: HEI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HEI's is expected to become profitable in the next 3 years.
Revenue vs Market: HEI's revenue (3.2% per year) is forecast to grow slower than the Italian market (3.2% per year).
High Growth Revenue: HEI's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HEI's Return on Equity is forecast to be low in 3 years time (9.6%).
Next Steps
Past Performance
How has HeidelbergCement performed over the past 5 years?
-17.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEI is currently unprofitable.
Growing Profit Margin: HEI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HEI is unprofitable, and losses have increased over the past 5 years at a rate of 17.4% per year.
Accelerating Growth: Unable to compare HEI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HEI is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (-7.8%).
Return on Equity
High ROE: HEI has a negative Return on Equity (-14.35%), as it is currently unprofitable.
Next Steps
Financial Health
How is HeidelbergCement's financial position?
Financial Position Analysis
Short Term Liabilities: HEI's short term assets (€7.5B) exceed its short term liabilities (€6.5B).
Long Term Liabilities: HEI's short term assets (€7.5B) do not cover its long term liabilities (€12.5B).
Debt to Equity History and Analysis
Debt Level: HEI's debt to equity ratio (71.1%) is considered high.
Reducing Debt: HEI's debt to equity ratio has increased from 49.3% to 71.1% over the past 5 years.
Debt Coverage: HEI's debt is well covered by operating cash flow (26.8%).
Interest Coverage: HEI is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is HeidelbergCement current dividend yield, its reliability and sustainability?
0.90%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HEI's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.43%).
High Dividend: HEI's dividend (0.9%) is low compared to the top 25% of dividend payers in the Italian market (4.57%).
Stability and Growth of Payments
Stable Dividend: HEI's dividend payments have been volatile in the past 10 years.
Growing Dividend: HEI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: HEI is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: HEI's dividends in 3 years are forecast to be well covered by earnings (33% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Dominik von Achten (55 yo)
0.92
Tenure
€3,595,000
Compensation
Dr. Dominik von Achten has been Chairman of Managing Board at HeidelbergCement AG (a/k/a HeidelbergCement Group) since February 1, 2020 and served as its Vice Chairman of Management Board since February 1,...
CEO Compensation Analysis
Compensation vs Market: Dominik's total compensation ($USD4.35M) is below average for companies of similar size in the Italian market ($USD6.50M).
Compensation vs Earnings: Dominik's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Managing Board | 0.92yr | €3.60m | no data | |
| CFO, Head of Finance | 0.92yr | €2.99m | no data | |
| Member of the Managing Board | 1.5yrs | €1.57m | no data | |
| Member of Managing Board | 4.92yrs | €2.52m | no data | |
| Member of Managing Board | 4.92yrs | €3.54m | no data | |
| Member of Managing Board | 4.92yrs | €3.11m | no data | |
| Member of Management Board | 1.33yrs | €1.75m | no data | |
| Director of Group Corporate Finance | no data | no data | no data | |
| Head of Group Communication & Investor Relations | no data | no data | no data | |
| Director of Group Human Resources & Group Compliance | no data | no data | no data | |
| Acting Director of Group Legal | no data | no data | no data | |
| Director of Group Treasury | 5.83yrs | no data | no data |
3.2yrs
Average Tenure
52yo
Average Age
Experienced Management: HEI's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Advisory Council | 17yrs | no data | no data | |
| Member of Advisory Council | no data | no data | no data | |
| Chairman of the Supervisory Board | 15.92yrs | €257.00k | no data | |
| Member of Advisor Council | no data | no data | no data | |
| Member of Supervisory Board | 21.58yrs | €165.90k | 26.7% € 3.5b | |
| Member of Advisory Council | no data | no data | no data | |
| Member of Advisory Council | no data | no data | no data | |
| Member of Advisory Council | no data | no data | no data | |
| Member of Advisory Council | no data | no data | no data | |
| Deputy Chairman of Employee Representative Supervisory Board | 11.67yrs | €177.00k | no data | |
| Member of Supervisory Board | 14.67yrs | €90.00k | no data | |
| Member of Supervisory Board | 1.67yrs | €101.40k | no data |
15.3yrs
Average Tenure
73yo
Average Age
Experienced Board: HEI's board of directors are seasoned and experienced ( 15.3 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
HeidelbergCement AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: HeidelbergCement AG
- Ticker: HEI
- Exchange: BIT
- Founded: 1873
- Industry: Construction Materials
- Sector: Materials
- Market Cap: €13.250b
- Shares outstanding: 198.42m
- Website: https://www.heidelbergcement.com
Number of Employees
Location
- HeidelbergCement AG
- Berliner Strasse 6
- Heidelberg
- Baden-Württemberg
- 69120
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HLBZ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 1992 |
| HEI | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1992 |
| HEI | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Jan 1992 |
| 0MG2 | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Jan 1992 |
| HEID | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Jan 1992 |
| HEI N | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1992 |
| HEID | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Jan 1992 |
| HEI | BIT (Borsa Italiana) | Yes | Common Shares | IT | EUR | Jan 1992 |
| HEI | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Jan 1992 |
| HDEL.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | May 2010 | |
| HEIU | DB (Deutsche Boerse AG) | UNSPONSORD ADR | DE | EUR | May 2010 | |
| HEIU | BST (Boerse-Stuttgart) | UNSPONSORD ADR | DE | EUR | May 2010 |
Biography
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company provides cement products, including special cements with targeted characteristics, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 19:35 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| 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.