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LHM

LafargeHolcim MarocCBSE:LHM Stock Report

Market Cap

د.م51.3b

7D

0.7%

1Y

54.2%

Updated

17 Oct, 2021

Data

Company Financials +
LHM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health2/6
Dividends3/6

LHM Overview

LafargeHolcim Maroc provides construction products and solutions worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for LafargeHolcim Maroc
Historical stock prices
Current Share Priceد.م2,198.00
52 Week Highد.م1,407.00
52 Week Lowد.م2,199.00
Beta0.54
1 Month Change7.32%
3 Month Change23.48%
1 Year Change54.25%
3 Year Change41.90%
5 Year Change-3.17%
Change since IPO597.80%

Recent News & Updates

Shareholder Returns

LHMMA Basic MaterialsMA Market
7D0.7%1.0%1.0%
1Y54.2%65.2%26.4%

Return vs Industry: LHM underperformed the MA Basic Materials industry which returned 65.2% over the past year.

Return vs Market: LHM exceeded the MA Market which returned 26.4% over the past year.

Price Volatility

Is LHM's price volatile compared to industry and market?
LHM volatility
LHM Beta0.54
Industry Beta0.51
Market Beta1

Stable Share Price: LHM is less volatile than 75% of MA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: LHM's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18331,107José Primohttps://www.lafargeholcim.ma

LafargeHolcim Maroc provides construction products and solutions worldwide. The company produces and supplies cement, ready-mix concrete, aggregates, mortar, plaster, and lime. Its products are used in building and infrastructure projects.

LafargeHolcim Maroc Fundamentals Summary

How do LafargeHolcim Maroc's earnings and revenue compare to its market cap?
LHM fundamental statistics
Market Capد.م51.26b
Earnings (TTM)د.م2.10b
Revenue (TTM)د.م7.79b

24.4x

P/E Ratio

6.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LHM income statement (TTM)
Revenueد.م7.79b
Cost of Revenueد.م2.06b
Gross Profitد.م5.74b
Expensesد.م3.64b
Earningsد.م2.10b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)90.05
Gross Margin73.57%
Net Profit Margin26.94%
Debt/Equity Ratio53.6%

How did LHM perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

56%

Payout Ratio

Valuation

Is LafargeHolcim Maroc undervalued compared to its fair value and its price relative to the market?

24.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LHM (MAD2198) is trading above our estimate of fair value (MAD996.51)

Significantly Below Fair Value: LHM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LHM is poor value based on its PE Ratio (24.4x) compared to the African Basic Materials industry average (13.7x).

PE vs Market: LHM is good value based on its PE Ratio (24.4x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: LHM is poor value based on its PEG Ratio (23.7x)


Price to Book Ratio

PB vs Industry: LHM is overvalued based on its PB Ratio (4.9x) compared to the XF Basic Materials industry average (1.4x).


Future Growth

How is LafargeHolcim Maroc forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LHM's forecast earnings growth (1% per year) is below the savings rate (9.1%).

Earnings vs Market: LHM's earnings (1% per year) are forecast to grow slower than the MA market (13.1% per year).

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

Revenue vs Market: LHM's revenue (4.6% per year) is forecast to grow slower than the MA market (6.7% per year).

High Growth Revenue: LHM's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LHM's Return on Equity is forecast to be low in 3 years time (17.2%).


Past Performance

How has LafargeHolcim Maroc performed over the past 5 years?

-1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LHM has high quality earnings.

Growing Profit Margin: LHM's current net profit margins (26.9%) are higher than last year (16.3%).


Past Earnings Growth Analysis

Earnings Trend: LHM's earnings have declined by 1% per year over the past 5 years.

Accelerating Growth: LHM's earnings growth over the past year (80.1%) exceeds its 5-year average (-1% per year).

Earnings vs Industry: LHM earnings growth over the past year (80.1%) exceeded the Basic Materials industry 44.8%.


Return on Equity

High ROE: LHM's Return on Equity (20%) is considered high.


Financial Health

How is LafargeHolcim Maroc's financial position?


Financial Position Analysis

Short Term Liabilities: LHM's short term assets (MAD1.8B) do not cover its short term liabilities (MAD2.4B).

Long Term Liabilities: LHM's short term assets (MAD1.8B) do not cover its long term liabilities (MAD7.5B).


Debt to Equity History and Analysis

Debt Level: LHM's debt to equity ratio (53.6%) is considered high.

Reducing Debt: LHM's debt to equity ratio has increased from 28.3% to 53.6% over the past 5 years.

Debt Coverage: LHM's debt is well covered by operating cash flow (41.8%).

Interest Coverage: LHM's interest payments on its debt are well covered by EBIT (17.5x coverage).


Balance Sheet


Dividend

What is LafargeHolcim Maroc current dividend yield, its reliability and sustainability?

2.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LHM's dividend (2.27%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: LHM's dividend (2.27%) is low compared to the top 25% of dividend payers in the MA market (4.85%).


Stability and Growth of Payments

Stable Dividend: LHM's dividend payments have been volatile in the past 10 years.

Growing Dividend: LHM's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.5%), LHM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LHM's dividends in 3 years are forecast to be covered by earnings (73% payout ratio).


Next Steps

Management

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

4.3yrs

Average board tenure


CEO

José Primo

0.75

Tenure

Mr. José Antonio Primo serves as Director General since 2021 and had served as a Director of LafargeHolcim Maroc (formerly known as Lafarge Ciments SA).


Board Members

Experienced Board: LHM's board of directors are considered experienced (4.3 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

LafargeHolcim Maroc's employee growth, exchange listings and data sources


Key Information

  • Name: LafargeHolcim Maroc
  • Ticker: LHM
  • Exchange: CBSE
  • Founded: 1833
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: د.م51.256b
  • Shares outstanding: 23.32m
  • Website: https://www.lafargeholcim.ma

Number of Employees


Location

  • LafargeHolcim Maroc
  • 6, Route de Mekka
  • Quartier les Crêtes
  • Casablanca
  • 20150
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 16:30
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
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.