LafargeHolcim Maroc S.A.

CBSE:LHM Stock Report

Market Cap: د.م46.3b

LafargeHolcim Maroc Valuation

Is LHM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LHM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LHM (MAD1985) is trading above our estimate of fair value (MAD771.9)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for LHM?

Key metric: As LHM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LHM. This is calculated by dividing LHM's market cap by their current earnings.
What is LHM's PE Ratio?
PE Ratio31.3x
Earningsد.م1.48b
Market Capد.م46.29b

Price to Earnings Ratio vs Peers

How does LHM's PE Ratio compare to its peers?

The above table shows the PE ratio for LHM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.2x
CMA Ciments du Maroc Société Anonyme
28.9x7.5%د.م27.9b
MNG Managem
73.2x50.0%د.م34.3b
002271 Beijing Oriental Yuhong Waterproof Technology
27.8x36.3%CN¥33.3b
1102 Asia Cement
14.8x1.6%NT$154.3b
LHM LafargeHolcim Maroc
31.3x8.9%د.م46.3b

Price-To-Earnings vs Peers: LHM is good value based on its Price-To-Earnings Ratio (31.3x) compared to the peer average (36.1x).


Price to Earnings Ratio vs Industry

How does LHM's PE Ratio compare vs other companies in the Global Basic Materials Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LHM 31.3xIndustry Avg. 17.1xNo. of Companies46PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LHM is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the Global Basic Materials industry average (16.8x).


Price to Earnings Ratio vs Fair Ratio

What is LHM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LHM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.3x
Fair PE Ratio34.2x

Price-To-Earnings vs Fair Ratio: LHM is good value based on its Price-To-Earnings Ratio (31.3x) compared to the estimated Fair Price-To-Earnings Ratio (34.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LHM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.م1,985.00
د.م1,795.00
-9.6%
6.1%د.م1,905.00د.م1,685.00n/a2
Nov ’25د.م1,861.00
د.م1,795.00
-3.5%
6.1%د.م1,905.00د.م1,685.00n/a2
Oct ’25د.م1,805.00
د.م1,731.50
-4.1%
10.0%د.م1,905.00د.م1,558.00n/a2
Jul ’25د.م1,920.00
د.م1,510.00
-21.4%
7.5%د.م1,624.00د.م1,396.00n/a2
Jun ’25د.م1,970.00
د.م1,510.00
-23.4%
7.5%د.م1,624.00د.م1,396.00n/a2
May ’25د.م2,000.00
د.م1,510.00
-24.5%
7.5%د.م1,624.00د.م1,396.00n/a2
Apr ’25د.م1,960.00
د.م1,418.00
-27.7%
1.6%د.م1,440.00د.م1,396.00n/a2
Mar ’25د.م1,973.00
د.م1,453.50
-26.3%
4.0%د.م1,511.00د.م1,396.00n/a2
Feb ’25د.م1,960.00
د.م1,453.50
-25.8%
4.0%د.م1,511.00د.م1,396.00n/a2
Jan ’25د.م1,920.00
د.م1,453.50
-24.3%
4.0%د.م1,511.00د.م1,396.00n/a2
Dec ’24د.م1,886.00
د.م1,394.33
-26.1%
4.2%د.م1,466.00د.م1,321.00د.م2,000.003
Nov ’24د.م1,860.00
د.م1,394.33
-25.0%
4.2%د.م1,466.00د.م1,321.00د.م1,861.003
Oct ’24د.م1,700.00
د.م1,380.33
-18.8%
3.2%د.م1,424.00د.م1,321.00د.م1,805.003
Sep ’24د.م1,700.00
د.م1,384.67
-18.5%
3.5%د.م1,437.00د.م1,321.00د.م1,900.003
Aug ’24د.م1,756.00
د.م1,384.67
-21.1%
3.5%د.م1,437.00د.م1,321.00د.م1,943.003
Jul ’24د.م1,780.00
د.م1,544.33
-13.2%
15.4%د.م1,875.00د.م1,321.00د.م1,920.003
Jun ’24د.م1,620.00
د.م1,544.33
-4.7%
15.4%د.م1,875.00د.م1,321.00د.م1,970.003
Feb ’24د.م1,370.00
د.م1,756.50
+28.2%
6.7%د.م1,875.00د.م1,638.00د.م1,960.002
Jan ’24د.م1,350.00
د.م1,756.50
+30.1%
6.7%د.م1,875.00د.م1,638.00د.م1,920.002
Dec ’23د.م1,430.00
د.م1,756.50
+22.8%
6.7%د.م1,875.00د.م1,638.00د.م1,886.002

Analyst Forecast: Target price is lower than the current share price.


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