AlphaValue Corporate Services
Cette analyse a été commandée et financée par l’entreprise concernée et constitue donc un avantage non-monétaire mineur tel que défini par MIFID2

Cementir Holding

CR
Bloomberg   CEM IM
Ciments & Agrégats  /  Italie  Web Site   |   Investors Relation
Egalement présent dans : Sociétés holdings
Positioned in a niche market
Objectif
Potentiel 36,7 %
Cours (€) 9,95
Capi (M€) 1 583
Perf. 1S: -1,49 %
Perf. 1M: 1,06 %
Perf. 3M: 8,22 %
Perf Ytd: 7,20 %
Perf. relative/stoxx600 10j: -0,41 %
Perf. relative/stoxx600 20j: -0,22 %
EPS change29/04/2024

Changement d’EPS2024 : € 1,08 vs 0,99+9,87 %
2025 : € 1,00 vs 0,87+15,9 %

We have integrated into our model the better-than-expected FY23 results, in which EBITDA was 3% higher than our forecasts, mainly thanks to price hikes and cost management. Despite the lower volumes in 2024, we believe in the company's ability to maintain prices at this high level, and expect cost management to potentially reduce the pressure on margins from personnel costs. Overall, we have incorporated the guidance provided by the company in its 2024-2026 industrial plan, which has had a positive impact on our EPS.



Changement de DCF€ 14,4 vs 13,9+3,57 %

We have revised upwards our estimates for capex as the company has increased its guidance for the 2024-2026 period, resulting in a stable DCF despite the higher EBITDA.



Mises à Jour

13 mai 24 Publication Res./CA
Q1 24: a rebound is expected in the H2

13 févr. 24 Publication Res./CA
FY 23: A conservative look to the future

08 nov. 23 Publication Res./CA
Q3 23: Conservative guidance

31 juil. 23 Publication Res./CA
H1 23: positive price-cost spread

10 mai 23 Publication Res./CA
Q1 23: Pricing boosts profitability

18 avr. 23 EPS change
Price hikes boost the EPS

13 févr. 23 Publication Res./CA
FY 22: Price hikes to manage inflation.

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