Holcim Förvaltning
Förvaltning kriterier kontrolleras 2/4
Holcim VD är Miljan Gutovic, utsedd i May 2024, har en mandatperiod på 2.17 år. totala årliga ersättningen är CHF 6.75M, bestående av 19.6% lön 80.4% bonusar, inklusive företagsaktier och optioner. äger direkt 0.03% av företagets aktier, värda CHF 12.15M. Den genomsnittliga mandatperioden för ledningsgruppen och styrelsen är 2.2 år respektive 4.2 år.
Viktig information
Miljan Gutovic
Verkställande direktör
CHF 6.7m
Total ersättning
| VD-lön i procent | 19.63% |
| Anställning som VD | 2.2yrs |
| Ägande av VD | 0.03% |
| Ledningens genomsnittliga anställningstid | 2.2yrs |
| Styrelsens genomsnittliga mandatperiod | 4.2yrs |
Senaste uppdateringar av ledningen
Recent updates
Uppdatering av berättelse • Jul 08
HOLN: Earnings Momentum And Cement Electrification Projects Will Shape Balanced Future Returns
Holcim's updated fair value estimate has moved to CHF 81.27 from CHF 79.22. This reflects analysts' higher price targets in the CHF 80 to CHF 92 range and their focus on earnings momentum, slightly faster revenue growth, and a modestly higher future P/E, partly offset by a softer profit margin outlook.
Uppdatering av berättelse • Jun 24
HOLN: Rich P/E Will Likely Cap Upside Despite Recent Upgrades
Holcim's updated fair value estimate has increased to CHF 63.67, supported by a series of analyst actions, including a slightly lower CHF 73 target at RBC Capital, multiple upgrades to Outperform or Buy with higher price targets such as CHF 92, and updated assumptions for steadier revenue growth, a firmer profit margin, a lower discount rate, and a slightly reduced future P/E. Analyst Commentary Recent research on Holcim reflects a mix of optimism and caution, with several firms adjusting ratings and price targets as they reassess the company’s earnings profile, valuation, and execution risks.Uppdatering av berättelse • Jun 05
HOLN: Cement Margins And Electrification Projects Will Shape Measured Future Upside
Holcim's analyst price target has been raised by CHF 2 to reflect slightly higher fair value estimates and improved margin expectations, supported by a series of recent upgrades and renewed coverage from major banks. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as consistent with their view that Holcim's earnings power can support a slightly richer valuation multiple, provided current margin expectations are met.
Uppdatering av berättelse • May 22
HOLN: Cement Pricing Strength In Europe Will Support Future Rebound Potential
Analysts have modestly raised their average price target on Holcim by CHF 2, reflecting a more constructive stance on the stock as several firms highlight solid cement pricing resilience in Europe and updated assumptions for revenue growth, margins and future P/E multiples. Analyst Commentary Recent research on Holcim has been skewed toward more optimistic views, with several bullish analysts revisiting their models on pricing, earnings power and valuation multiples.Uppdatering av berättelse • May 04
HOLN: Cement Pricing And Electrification Projects Will Shape Fairly Balanced Upside
The analyst price target for Holcim has been adjusted slightly higher to reflect a fair value of about CHF 78.70, with analysts pointing to recent upgrades and target raises, supported by steady assumptions for revenue growth, margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts are citing recent upgrades and resumed coverage with positive ratings as support for the idea that Holcim's execution on its strategy is being recognized in current valuation assumptions.Uppdatering av berättelse • Apr 20
HOLN: Cement Pricing Resilience And Margin Execution Will Shape Future Upside Balance
Holcim's analyst price target is updated to CHF 78.03, a small move supported by recent upgrades and resumed coverage from several banks. Analysts point to steadier profit margins and only modest adjustments to growth and discount rate assumptions.Uppdatering av berättelse • Apr 05
HOLN: European Cement Pricing Resilience Will Shape Upside Risk Balance
Analysts have trimmed the implied fair value for Holcim from CHF 78.71 to CHF 77.76. This reflects slightly higher discount rate and P/E assumptions, even as they reference recent Street research that includes both higher and lower price targets between CHF 69 and CHF 80 and differing views on cement pricing resilience in Europe.Uppdatering av berättelse • Mar 22
HOLN: Circular Expansion And Cement Pricing Support Will Shape Upside Risk Balance
Holcim's updated analyst price target edges slightly lower to CHF 78 from CHF 80, as analysts factor in a reduced future P/E assumption to 21.24x, along with adjusted expectations for revenue growth, profit margins and discount rates. Recent Street research reflects a mix of target hikes and trims clustered around the CHF 72 to CHF 80 range.Uppdatering av berättelse • Mar 08
HOLN: Cement Pricing Resilience In Europe Will Drive Rebound Potential
Our revised fair value estimate for Holcim has risen from CHF 70 to CHF 93. This reflects analysts' updated price targets in the CHF 72 to CHF 80 range and their view that recent share weakness has been overdone, while near term cement pricing in Europe is expected to hold.Uppdatering av berättelse • Feb 22
HOLN: Rich P/E And Downgrade Will Likely Limit Further Upside
Holcim's analyst price target has shifted to CHF 80, up CHF 5, as analysts weigh mixed revisions that balance slightly softer revenue and margin assumptions with a higher assumed future P/E multiple and recent price target changes at Citi and RBC Capital. Analyst Commentary Recent research on Holcim sends a mixed signal, with some bearish analysts trimming expectations while others adjust targets higher.Uppdatering av berättelse • Feb 07
HOLN: Circular Expansion And Mixed Street Views Will Shape Future Risk Balance
Narrative Update The updated analyst price target for Holcim edges up to about CHF 79 from roughly CHF 78.80, as analysts factor in mixed recent research that includes a CHF 5 target increase at Citi, a higher implied future P/E and adjustments to revenue growth and profit margin assumptions, alongside a modest trim from RBC Capital and a downgrade elsewhere on the Street. Analyst Commentary Recent research on Holcim reflects a split view, with some analysts lifting price targets while others trim expectations or move to a more cautious stance.Uppdatering av berättelse • Jan 23
HOLN: Circular Expansion And Mixed Ratings Will Shape Future Risk Balance
The analyst price target for Holcim has increased by about CHF 4 to roughly CHF 79, with analysts citing updated assumptions on fair value, discount rate, revenue trends, profit margin and future P/E, in light of recent mixed target changes across major banks. Analyst Commentary Recent research on Holcim reflects a mix of optimism and caution, with several large banks adjusting their price targets and ratings in different directions.Uppdatering av berättelse • Jan 09
HOLN: Cement Demand And Rich Multiple Will Likely Cap Further Upside
Analysts have raised their price expectations for Holcim by CHF 6 to CHF 78, citing improved profit margin assumptions and lower P/E expectations as the main factors behind the updated targets. Analyst Commentary Recent research on Holcim shows a mix of optimism and caution, with several large banks adjusting their views and price targets in quick succession.Uppdatering av berättelse • Dec 25
HOLN: Future Multiple Expansion Will Likely Disappoint Amid Softening Cement Demand
Analysts have lifted their price target on Holcim to CHF 78 from CHF 72, citing a higher fair value estimate of approximately CHF 58 per share and greater confidence in the stock's future earnings multiple, despite slightly softer growth and margin assumptions. Analyst Commentary Recent Street research on Holcim has been broadly constructive, with several major houses lifting their price targets into the high CHF 70s and reiterating positive recommendations.Uppdatering av berättelse • Dec 11
HOLN: European Cement Regime Will Offset Demand Risks And Circular Expansion Challenges
The analyst fair value estimate for Holcim has been raised to approximately CHF 74.90 from CHF 73.20. This reflects analysts' more constructive view on the company's positioning in a stronger European cement regime and recent upward revisions to Street price targets, despite some concerns about near term sales trends.Uppdatering av berättelse • Nov 27
HOLN: Outlook Will Balance European Demand Recovery With Margin Uncertainties
Holcim's fair value price target has increased modestly from CHF 72.05 to CHF 73.20. Analysts highlight renewed optimism, driven by upward revisions from major institutions and confidence in earnings resilience, despite cautious outlooks on revenue growth and profit margins.Analysartikel • Nov 16
Holcim AG's (VTX:HOLN) Earnings Are Not Doing Enough For Some Investors
When close to half the companies in Switzerland have price-to-earnings ratios (or "P/E's") above 20x, you may consider...Uppdatering av berättelse • Nov 13
HOLN: Future Performance Will Reflect European Demand Trends and Sector Headwinds
Holcim's analyst price target has increased modestly, rising from CHF 71.35 to CHF 72.05. Analysts cite recent upgrades, strengthened ratings, and a more favorable outlook for the building materials sector as factors driving the revision.Uppdatering av berättelse • Oct 29
Recent Profit Margin Improvements Will Balance Softer Trends In Key Regions
Holcim's analyst fair value estimate has been raised from CHF 69.28 to CHF 71.35. Analysts point to improved profit margins and expectations for continued resilience in the building materials sector.Analysartikel • Oct 29
Holcim (VTX:HOLN) Could Easily Take On More Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Uppdatering av berättelse • Oct 15
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Holcim's analyst fair value target has ticked up modestly from CHF 68.35 to CHF 69.28. This reflects analysts' balanced outlook on earnings growth potential and sector resilience amid recent upgrades and more positive sentiment toward the European cement industry.Analysartikel • Oct 13
Should You Investigate Holcim AG (VTX:HOLN) At CHF65.70?
Let's talk about the popular Holcim AG ( VTX:HOLN ). The company's shares saw a decent share price growth of 11% on the...Uppdatering av berättelse • Sep 18
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Analysts increased Holcim’s target price to CHF68.35, citing resilient earnings, long-term growth from decarbonization, and value realization post-North America spin-off, despite concerns over full near-term valuation and earnings risks. Analyst Commentary Bullish analysts cited Holcim's resilient heavy side business performance and stable earnings outlook, even amid soft U.S. construction trends.Uppdatering av berättelse • Sep 03
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Holcim’s modestly higher price target reflects mixed analyst views on the Amrize spin-off, with bullish arguments centered on exposure to European recovery, structural decarbonization growth, and valuation appeal, while concerns over fair value and post-spin dynamics temper optimism—leading to a revised consensus price target of CHF66.96. Analyst Commentary Diverging analyst reactions to the spin-out of Holcim's North American operations into Amrize, with some seeing reduced value and others focusing on stronger balance sheet and potential margin improvement.Uppdatering av berättelse • Aug 07
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Given the absence of new analyst reasoning, both Holcim’s consensus price target and key valuation metrics such as Future P/E and discount rate have remained essentially unchanged, with the fair value holding steady at CHF65.77. What's in the News Holcim AG expects full-year 2025 post spin-off recurring EBIT growth of 6% to 10% in local currency.
Ny berättelse • Mar 02
Amrize's NYSE Listing Will Unlock New Value And Access To US Capital Markets
Holcim's strategy of unlocking value through Amrize's NYSE listing and margin expansion via branded solutions predicts strengthened revenue and operational focus.Analys av ersättningar till VD
| Datum | Total ersättning | Lön | Företagets resultat |
|---|---|---|---|
| Dec 31 2025 | CHF 7m | CHF 1m | CHF 389m |
| Sep 30 2025 | n/a | n/a | CHF 1b |
| Jun 30 2025 | n/a | n/a | CHF 3b |
| Mar 31 2025 | n/a | n/a | CHF 3b |
| Dec 31 2024 | CHF 4m | CHF 800k | CHF 1b |
Ersättning vs marknad: Miljan s total kompensation ($USD 8.35M ) är över genomsnittet för företag av liknande storlek på Swiss marknaden ($USD 5.97M ).
Ersättning vs inkomst: Ersättningen för Miljan har ökat med mer än 20 % medan företagets intäkter har minskat med mer än 20 % det senaste året.
VD OCH KONCERNCHEF
Miljan Gutovic (47 yo)
2.2yrs
Anställning
CHF 6,749,752
Kompensation
Mr. Miljan Gutovic is Vice President of Board of Directors at LafargeHolcim Maroc and has been its Non-Executive Director since May 09, 2018. He serves as Head of Region Europe at Holcim Ltd (formerly Lafa...
Ledningsgrupp
| Namn | Position | Anställning | Kompensation | Ägarskap |
|---|---|---|---|---|
| Head of Region Europe & CEO | 2.2yrs | CHF 6.75m | 0.030% CHF 12.2m | |
| Chief Financial Officer | 3.3yrs | inga uppgifter | 0.0014% CHF 553.6k | |
| Group Head of Operational Excellence | 2.2yrs | inga uppgifter | 0.0016% CHF 664.3k | |
| Group Head of Investor Relations | no data | inga uppgifter | inga uppgifter | |
| Group General Counsel | 1yr | inga uppgifter | 0.00089% CHF 365.0k | |
| Chief Communications Officer | 1.3yrs | inga uppgifter | inga uppgifter | |
| Chief Marketing & Innovation Officer | 2.8yrs | inga uppgifter | inga uppgifter | |
| Chief People & Sustainability Officer | 1.1yrs | inga uppgifter | 0.00069% CHF 283.0k | |
| Region Head of Asia | 9.9yrs | inga uppgifter | 0.023% CHF 9.4m | |
| Executive Officer | 4.8yrs | inga uppgifter | inga uppgifter | |
| Group Head of Strategy and M&A | no data | inga uppgifter | inga uppgifter | |
| Group Head of Building Systems | 2.3yrs | inga uppgifter | 0.00045% CHF 184.5k |
2.2yrs
Genomsnittlig anställningstid
49yo
Genomsnittlig ålder
Erfaren ledning: HOLN s ledningsgrupp anses vara erfaren ( 2.2 års genomsnittlig anställningstid).
Styrelseledamöter
| Namn | Position | Anställning | Kompensation | Ägarskap |
|---|---|---|---|---|
| Honorary Chairman | 8.2yrs | inga uppgifter | 5.84% CHF 2.4b | |
| Independent Director | 2.2yrs | CHF 302.50k | 0.00012% CHF 49.2k | |
| Independent Chairman | 6.2yrs | CHF 810.00k | 0.0022% CHF 889.9k | |
| Independent Director | 7.2yrs | CHF 380.83k | 0.0017% CHF 713.6k | |
| Independent Director | 4.2yrs | CHF 307.18k | 0.00068% CHF 278.9k | |
| Independent Director | 1.2yrs | CHF 175.00k | inga uppgifter | |
| Independent Director | 1.2yrs | CHF 179.68k | inga uppgifter | |
| Independent Director | 7.2yrs | CHF 312.18k | 0.0017% CHF 713.6k | |
| Independent Director | 6.2yrs | CHF 330.93k | 0.0014% CHF 570.0k | |
| Independent Director | 4.2yrs | CHF 323.84k | 0.0022% CHF 918.6k | |
| Independent Director | 2.2yrs | CHF 283.84k | 0.00012% CHF 49.2k |
4.2yrs
Genomsnittlig anställningstid
61yo
Genomsnittlig ålder
Erfaren styrelse: HOLN s styrelse anses vara erfaren ( 4.2 års genomsnittlig mandatperiod).
Företagsanalys och finansiella data Status
| Uppgifter | Senast uppdaterad (UTC-tid) |
|---|---|
| Analys av företag | 2026/07/10 04:33 |
| Aktiekurs vid dagens slut | 2026/07/10 00:00 |
| Intäkter | 2025/12/31 |
| Årlig intjäning | 2025/12/31 |
Datakällor
Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.
| Paket | Uppgifter | Tidsram | Exempel US-källa |
|---|---|---|---|
| Företagets finansiella ställning | 10 år |
| |
| Analytikernas konsensusuppskattningar | +3 år |
|
|
| Marknadspriser | 30 år |
| |
| Ägarskap | 10 år |
| |
| Förvaltning | 10 år |
| |
| Viktiga utvecklingstendenser | 10 år |
|
* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.
Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.
Analysmodell och snöflinga
Detaljer om analysmodellen som används för att skapa denna rapport finns på vår Github-sida; vi har också guider om hur du använder våra rapporter och handledningar på Youtube.
Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.
Industri- och sektormått
Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.
Källor för analytiker
Holcim AG bevakas av 40 analytiker. 18 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.
| Analytiker | Institution |
|---|---|
| Gerhard Schwarz | Baader Helvea Equity Research |
| Patrick Appenzeller | Baader Helvea Equity Research |
| Pierre Sylvain Rousseau | Barclays |