AlphaValue Corporate Services Fundamental Analysis EN
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Cementir Holding

CR
Bloomberg   CEM IM
Ciments & Agrégats  /  Italie  Web Site   |   Investors Relation
Egalement présent dans : Sociétés holdings
White knight in a green armour
Pros
  • Cementir is about white cement, a niche that offers growth and better margins as a higher value-added product. It controls 20% of the addressable market
  • It has an excellent record at pivoting assets and making those sweat with Denmark, the US and Belgium as the current hubs
  • The family-controlled business appears to be run as a tight ship with a long-term view
Cons
  • Absolute market size is capped in white cement so that Cementir relies on Belgian and Danish assets to grow local grey cement franchises
  • As a family business, it leaves no room for third-party openings and suffers from a limited float
  • Cementir will see a trough in its net profit in 2019
Mises à Jour
24/11/21OpinionAchat vs Accumuler
12/11/21 Résultats9M 21: well managed cost inflation
03/11/21 Autres NewsCementir Holding accelerating from grey ...
29/07/21 RésultatsH1 21: all regions in recovery mode
29/07/21OpinionAchat vs Accumuler
29/07/21 EPSFollowing a good set of H1 results, along ...
06/05/21 RésultatsQ1 21: growth momentum continues
16/03/21OpinionAchat vs Accumuler
16/03/21 EPSFollowing the group's full FY20 results, w...
16/03/21 DCFOur DCF has been positively impacted by...
10/03/21 RésultatsFY20 results - a Turkish Delight
08/02/21OpinionAchat vs Accumuler
08/02/21 EPSFollowing the group's preliminary FY20 re...
08/02/21 DCFOur DCF based value has been positively...
05/02/21 RésultatsFY 20: performance beyond full-year gui...
10/11/20 Résultats9m 20: results in line with 9m19 but caut...
29/07/20 RésultatsH1 20: in for a Danish treat
27/07/20 EPSOur EPS is negatively impacted by the lo...
27/07/20 DCFA further decline in the top line and a red...
14/05/20 RésultatsQ1 20: lower result but good shareholder...
24/03/20 EPSWe have updated our model with the FY1...
24/03/20 DCFAlong with the change in earnings, we ha...
06/03/20 RésultatsFY19: profits higher than our conservativ...
06/03/20 EPSEPS for 2019 increases due to the comp...
18/02/20 RésultatsFY19: stability despite the Turkish burden
20/12/19 NewsWhen cement goes green too
11/12/19 TargetWe have reviewed our long-term assump...
11/12/19 EPSIn our opinion, the 300bp EBITDA margi...
15/11/19 RésultatsPriority to organic growth
02/08/19 Value in white
Objectif
Potentiel 27,0 %
Cours (€) 8,17
Capi (M€) 1 300
Perf. 1S: -3,20 %
Perf. 1M: -10,2 %
Perf. 3M: -13,9 %
Perf Ytd: 24,7 %
Perf. relative/stoxx600 10j: -1,09 %
Perf. relative/stoxx600 20j: -7,03 %