Heidelberg Materials AG

XTRA:HEI Aktierapport

Börsvärde: €33.2b

Heidelberg Materials Förvaltning

Förvaltning kriterier kontrolleras 3/4

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Viktig information

Dominik von Achten

Verkställande direktör

€8.7m

Total ersättning

VD-lön i procent19.55%
Anställning som VD18.5yrs
Ägande av VDn/a
Ledningens genomsnittliga anställningstid4.6yrs
Styrelsens genomsnittliga mandatperiod6.9yrs

Senaste uppdateringar av ledningen

Heidelberg Materials AG's (ETR:HEI) CEO Compensation Is Looking A Bit Stretched At The Moment

May 09
Heidelberg Materials AG's (ETR:HEI) CEO Compensation Is Looking A Bit Stretched At The Moment

Recent updates

HEI: Medium Term Margin Conviction Will Shape Future Upside Potential

Heidelberg Materials' analyst price target has edged up to about €226, with analysts highlighting adjusted assumptions on discount rates, revenue growth, profit margins and future P/E multiples, following a mix of target changes and upgrades across recent research. Analyst Commentary Bullish Takeaways Bullish analysts are raising or reiterating price targets in the €220 range and above, which signals confidence that the current valuation still leaves room for upside if execution on earnings and cash flow meets expectations.

HEI: Upgraded Ratings And Earnings Quality Will Support Future Re Rating

Analysts have trimmed the fair value estimate for Heidelberg Materials from €300 to €285 as slightly higher discount rate assumptions and a lower future P/E multiple offset modestly stronger views on revenue growth and profit margins, in line with mixed recent price target revisions and upgrades from the Street. Analyst Commentary Recent Street research on Heidelberg Materials reflects a generally constructive tone, with several bullish analysts shifting their stance more positively even as some price targets are adjusted lower.

HEI: Recent Rating Upgrades And Trimmed Expectations Will Likely Restrain Returns

Analysts have trimmed their fair value estimate for Heidelberg Materials by about €0.88 to €156.11, reflecting recent price target cuts on the stock even as some firms have upgraded their rating and still view the latest share pullback as overdone. Analyst Commentary Recent research points to a more mixed backdrop for Heidelberg Materials, with some firms trimming their fair value assumptions even when reiterating relatively constructive stances on the stock.

HEI: Upgraded Rating And Stable Fair Value Will Support Re Rating

Analysts have trimmed their average price target on Heidelberg Materials from €239 to €220, citing what they see as an overdone share price selloff while still maintaining a constructive view on the company. Analyst Commentary Bullish Takeaways Bullish analysts have shifted to a more positive stance on Heidelberg Materials with an upgrade to a Buy rating, signalling increased confidence in the shares at current levels.

HEI: Higher Required Return And P/E Outlook Will Support Re Rating

Analysts are maintaining their €300.00 price target for Heidelberg Materials, citing only small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions in their models. Valuation Changes Fair Value: €300.00 fair value estimate is unchanged, indicating no shift in the overall price target.

HEI: Higher Discount Rate And Rich P/E Will Likely Cap Upside

Analysts have kept their price target for Heidelberg Materials steady at €156.99, with small tweaks to the discount rate, a revenue growth outlook of 5.56% and a future P/E of 12.58x to reflect updated views on the company’s risk profile and earnings potential. Valuation Changes Fair Value: Model fair value remains unchanged at €156.99.

HEI: Richer P/E Assumptions Will Likely Limit Long Term Upside Potential

Analysts have lifted their price target for Heidelberg Materials from €146.80 to €157.00. This reflects updated assumptions on revenue growth, profit margins and the future P/E multiple.

HEI: Higher Multiple Outlook Will Support More Constructive Future Re Rating

Analysts have raised their price target on Heidelberg Materials from €240 to €300, citing higher expected growth. They see this as supporting a higher future P/E multiple, even with more conservative margin assumptions and a slightly higher discount rate.

Heidelberg Materials AG's (ETR:HEI) Shareholders Might Be Looking For Exit

Dec 29
Heidelberg Materials AG's (ETR:HEI) Shareholders Might Be Looking For Exit

HEI: Future Margin Pressures May Cap Upside Despite Recent Optimism

Analysts have raised their price target for Heidelberg Materials from about EUR 121 to approximately EUR 147, citing expectations that the company's higher growth and improving profitability will support a higher earnings multiple. Analyst Commentary Recent Street research has highlighted a more constructive stance on Heidelberg Materials, with some major houses citing stronger growth prospects and room for the valuation multiple to expand.

Is It Too Late To Consider Buying Heidelberg Materials AG (ETR:HEI)?

Dec 16
Is It Too Late To Consider Buying Heidelberg Materials AG (ETR:HEI)?

HEI: Higher Multiple Outlook And Cyclical Risks Will Shape Future Opportunity

Analysts have raised their price target on Heidelberg Materials from EUR 214.01 to EUR 224.67, citing expectations that the company’s higher growth will support a stronger valuation multiple. Analyst Commentary Recent research highlights that bullish analysts are turning more positive on Heidelberg Materials as they factor in stronger growth prospects and potential for multiple expansion.

We Like These Underlying Return On Capital Trends At Heidelberg Materials (ETR:HEI)

Dec 03
We Like These Underlying Return On Capital Trends At Heidelberg Materials (ETR:HEI)

HEI: Upgraded Growth Outlook And Acquisition Activity Will Shape Future Opportunity

Analysts have raised their price target for Heidelberg Materials from €188 to €230, citing stronger growth prospects and improved profit margins as supporting factors for the upgrade. Analyst Commentary Recent research has highlighted a shift in sentiment toward Heidelberg Materials, with valuation and growth expectations playing central roles in the latest assessment.

HEI: Future Profit Margins And Potential Acquisitions Will Shape Risk And Opportunity

The analyst price target for Heidelberg Materials has increased slightly to €210.29 from €210.55. Analysts cite improved revenue growth projections and expanding profit margins as factors supporting a higher stock valuation.

Upgraded Outlook and Market Opportunities Will Drive Long-Term Share Price Gains

Narrative Update on Heidelberg Materials Analysts have raised their price target for Heidelberg Materials from €204.16 to €210.55, citing improved growth outlook and expectations for higher valuation multiples. Analyst Commentary Recent assessments by bullish analysts have provided further insight into Heidelberg Materials’ prospects, with both optimistic and cautious points coming to the forefront as they evaluated the company’s execution and valuation trajectory.

Emerging Markets And Green Construction Will Create Long-Term Value

Analysts have raised their price target for Heidelberg Materials to approximately EUR 204 from about EUR 201, citing expectations of higher growth that could support an improved stock multiple. Analyst Commentary Analyst perspectives on Heidelberg Materials highlight both opportunities for continued growth and potential risks that could impact valuation and performance.

Emerging Markets And Green Construction Will Create Long-Term Value

The slight increase in Heidelberg Materials' future P/E ratio despite a modest decline in expected revenue growth suggests improved market sentiment or confidence in profitability, leading to a higher consensus price target, which has risen from €195.16 to €200.62. What's in the News Heidelberg Materials is among the bidders for NCC AB's aggregates, asphalt, and paving business, currently valued at up to $1 billion, with the sale process advancing to the next round of bidding.

Emerging Markets And Green Construction Will Create Long-Term Value

The modest increase in Heidelberg Materials' consensus analyst price target is primarily underpinned by a slightly higher forward P/E multiple, reflecting improved earnings expectations, raising fair value from €191.28 to €195.16. Valuation Changes Summary of Valuation Changes for Heidelberg Materials The Consensus Analyst Price Target has risen slightly from €191.28 to €195.16.

At €197, Is Heidelberg Materials AG (ETR:HEI) Worth Looking At Closely?

Sep 03
At €197, Is Heidelberg Materials AG (ETR:HEI) Worth Looking At Closely?

These 4 Measures Indicate That Heidelberg Materials (ETR:HEI) Is Using Debt Reasonably Well

Aug 19
These 4 Measures Indicate That Heidelberg Materials (ETR:HEI) Is Using Debt Reasonably Well

Analysts Have Made A Financial Statement On Heidelberg Materials AG's (ETR:HEI) Interim Report

Aug 04
Analysts Have Made A Financial Statement On Heidelberg Materials AG's (ETR:HEI) Interim Report

Heidelberg Materials (ETR:HEI) Is Looking To Continue Growing Its Returns On Capital

Jul 31
Heidelberg Materials (ETR:HEI) Is Looking To Continue Growing Its Returns On Capital

Getting In Cheap On Heidelberg Materials AG (ETR:HEI) Might Be Difficult

Jun 25
Getting In Cheap On Heidelberg Materials AG (ETR:HEI) Might Be Difficult

Heidelberg Materials' (ETR:HEI) Dividend Will Be Increased To €3.30

May 10
Heidelberg Materials' (ETR:HEI) Dividend Will Be Increased To €3.30

Heidelberg Materials AG's (ETR:HEI) CEO Compensation Is Looking A Bit Stretched At The Moment

May 09
Heidelberg Materials AG's (ETR:HEI) CEO Compensation Is Looking A Bit Stretched At The Moment

Is Heidelberg Materials (ETR:HEI) A Risky Investment?

May 05
Is Heidelberg Materials (ETR:HEI) A Risky Investment?
User avatar

Sustainability Projects And Calculated Moves Fuel Exciting Growth And Margin Expansion

Transformation initiatives and sustainability projects are set to improve margins, revenues, and earnings through cost efficiencies and eco-friendly strategies.

Analys av ersättningar till VD

Hur har Dominik von Achten:s ersättning förändrats jämfört med Heidelberg Materials:s resultat?
DatumTotal ersättningLönFöretagets resultat
Dec 31 2025€9m€2m

€2b

Sep 30 2025n/an/a

€2b

Jun 30 2025n/an/a

€2b

Mar 31 2025n/an/a

€2b

Dec 31 2024€9m€2m

€2b

Sep 30 2024n/an/a

€2b

Jun 30 2024n/an/a

€2b

Mar 31 2024n/an/a

€2b

Dec 31 2023€7m€2m

€2b

Sep 30 2023n/an/a

€2b

Jun 30 2023n/an/a

€2b

Mar 31 2023n/an/a

€2b

Dec 31 2022€6m€1m

€2b

Sep 30 2022n/an/a

€2b

Jun 30 2022n/an/a

€2b

Mar 31 2022n/an/a

€2b

Dec 31 2021€6m€1m

€2b

Sep 30 2021n/an/a

€2b

Jun 30 2021n/an/a

€2b

Mar 31 2021n/an/a

-€133m

Dec 31 2020€5m€1m

-€2b

Sep 30 2020n/an/a

-€2b

Jun 30 2020n/an/a

-€2b

Mar 31 2020n/an/a

-€544m

Dec 31 2019€4m€1m

€1b

Ersättning vs marknad: Dominik s total kompensation ($USD 10.21M ) är över genomsnittet för företag av liknande storlek på German marknaden ($USD 5.71M ).

Ersättning vs inkomst: Ersättningen från Dominik har varit i linje med företagets resultat under det senaste året.

VD OCH KONCERNCHEF

Dominik von Achten (60 yo)

18.5yrs
Anställning
€8,696,000
Kompensation

Dr. Dominik Von Achten is Member of Supervisory Board of E.ON SE from April 23, 2026. He has been Chairman of Managing Board at Heidelberg Materials AG (formerly known as HeidelbergCement AG) (a/k/a Heidel...

Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
Dominik von Achten
Chairman of Managing Board18.5yrs€8.70minga uppgifter
Rene Aldach
CFO & Member of the Managing Board4.6yrs€3.34minga uppgifter
Hayrullah Gurdal
Member of Managing Board10.2yrs€4.03minga uppgifter
Jon Morrish
Member of Managing Board10.2yrs€4.37minga uppgifter
Axel Conrads
CTO & Member of Management Board2.2yrs€1.46minga uppgifter
Dennis Lentz
Chief Digital Officer & Member of Managing Board4.6yrs€3.67minga uppgifter
Chris Ward
Member of Managing Board6.6yrs€4.39minga uppgifter
Roberto Callieri
Member of the Managing Board2.3yrs€2.59minga uppgifter
Katharina Beumelburg
Chief Sustainability & New Technologies Officer and Member of the Managing Board1.5yrs€1.94minga uppgifter
Anna Toborek-Kacar
Member of Supervisory Board & Director of Group Corporate Financeno data€132.00kinga uppgifter
Christoph Beumelburg
Director of Group Communication & Investor Relationsno datainga uppgifteringa uppgifter
Andreas Schnurr
Director of Group Human Resources & Group Complianceno datainga uppgifteringa uppgifter
4.6yrs
Genomsnittlig anställningstid
54yo
Genomsnittlig ålder

Erfaren ledning: HEI s ledningsgrupp anses vara erfaren ( 4.6 års genomsnittlig anställningstid).

Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Anna Toborek-Kacar
Member of Supervisory Board & Director of Group Corporate Finance1.4yrs€132.00kinga uppgifter
John Baker
Member of Advisory Council22.3yrsinga uppgifteringa uppgifter
Paul Vanfrachem
Member of Advisor Councilno datainga uppgifteringa uppgifter
Ludwig Merckle
Independent Member of Supervisory Board26.8yrs€229.00kinga uppgifter
Bernd Scheifele
Independent Chairman of Supervisory Board3.9yrs€332.00kinga uppgifter
Marinus Platschorre
Member of Advisory Councilno datainga uppgifteringa uppgifter
Jacques Merceron-Vicat
Member of Advisory Councilno datainga uppgifteringa uppgifter
Karl Kronimus
Member of Advisory Councilno datainga uppgifteringa uppgifter
Jochen Kirchhoff
Member of Advisory Councilno datainga uppgifteringa uppgifter
Werner Schraeder
Employee Representative Deputy Chairman of Supervisory Board16.9yrs€216.00kinga uppgifter
Luka Mucic
Independent Member of Supervisory Board6.9yrs€211.00kinga uppgifter
Sopna Sury
Independent Member of Supervisory Board3.9yrs€195.00kinga uppgifter
6.9yrs
Genomsnittlig anställningstid
64yo
Genomsnittlig ålder

Erfaren styrelse: HEI s styrelse anses vara erfaren ( 6.9 års genomsnittlig mandatperiod).

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/04/30 08:05
Aktiekurs vid dagens slut2026/04/30 00:00
Intäkter2025/12/31
Årlig intjäning2025/12/31

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.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* 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 användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials 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

Heidelberg Materials AG bevakas av 34 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.

AnalytikerInstitution
Gerhard SchwarzBaader Helvea Equity Research
Tom ZhangBarclays
Harry GoadBerenberg