HeidelbergCement AG
XETRA:HEI

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HeidelbergCement AG Logo
HeidelbergCement AG
XETRA:HEI
Watchlist
Price: 220.4 EUR -0.63% Market Closed
Market Cap: 39.3B EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+38%
5Y
+53%
10Y
+106%
Operating Income
+
3Y
+252%
5Y
-
10Y
+468%
Net Income
+
3Y
+395%
5Y
-
10Y
+1 298%

Earnings Waterfall
HeidelbergCement AG

Revenue
27.3B EUR
Cost of Revenue
-13.5B EUR
Gross Profit
13.8B EUR
Operating Expenses
-5.3B EUR
Operating Income
8.5B EUR
Other Expenses
-837.3m EUR
Net Income
7.6B EUR

Income Statement
HeidelbergCement AG

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Income Statement
Currency: EUR
Dec-2000 Mar-2001 Jun-2001 Sep-2001 Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Jun-2006 Sep-2006 Dec-2006 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Sep-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
0
0
0
0
386
0
0
0
342
0
0
0
0
0
0
0
0
0
0
0
295
0
0
283
0
0
525
0
0
0
814
0
0
0
722
0
0
0
677
0
0
0
637
0
0
0
621
0
0
0
559
0
0
0
555
0
0
0
469
0
0
0
451
0
0
0
362
0
0
0
321
162
317
199
233
209
221
197
151
172
207
241
0
272
135
Revenue
6 809
N/A
6 797
0%
6 831
+1%
6 793
-1%
6 915
+2%
6 708
-3%
6 668
-1%
6 614
-1%
6 766
+2%
6 487
-4%
6 473
0%
6 505
+0%
6 563
+1%
6 631
+1%
6 738
+2%
6 920
+3%
7 133
+3%
7 133
0%
7 380
+3%
7 671
+4%
7 997
+4%
8 196
+2%
8 152
-1%
8 196
+1%
8 652
+6%
9 538
+10%
11 089
+16%
21 599
+95%
21 285
-1%
22 063
+4%
14 473
-34%
13 867
-4%
13 018
-6%
12 245
-6%
11 378
-7%
11 352
0%
11 655
+3%
11 973
+3%
12 216
+2%
12 645
+4%
12 730
+1%
12 958
+2%
13 328
+3%
13 451
+1%
13 764
+2%
14 005
+2%
14 020
+0%
13 822
-1%
13 627
-1%
13 358
-2%
12 128
-9%
12 049
-1%
11 757
-2%
11 571
-2%
12 614
+9%
12 928
+2%
13 269
+3%
13 385
+1%
13 465
+1%
13 461
0%
13 401
0%
14 316
+7%
15 166
+6%
16 118
+6%
17 153
+6%
17 242
+1%
17 266
+0%
17 108
-1%
17 303
+1%
17 637
+2%
18 075
+2%
18 855
+4%
18 851
0%
17 894
-5%
17 606
-2%
18 290
+4%
18 720
+2%
19 732
+5%
21 095
+7%
21 618
+2%
21 178
-2%
20 699
-2%
26 455
+28%
21 156
-20%
27 317
+29%
Gross Profit
Cost of Revenue
0
0
0
0
(2 622)
0
0
0
(2 527)
(530)
(1 226)
(1 909)
(2 496)
(1 944)
(1 965)
(2 019)
(2 656)
(2 644)
(2 737)
(2 867)
(3 005)
(3 129)
(3 124)
(3 071)
(3 230)
(3 472)
(4 171)
(8 167)
(7 975)
(8 434)
(5 595)
(5 380)
(5 128)
(4 732)
(4 453)
(4 356)
(4 447)
(4 605)
(4 721)
(4 918)
(5 025)
(5 160)
(5 342)
(5 457)
(5 651)
(5 796)
(5 885)
(5 781)
(5 636)
(5 491)
(5 084)
(5 120)
(5 019)
(4 953)
(5 292)
(5 379)
(5 491)
(5 495)
(5 445)
(5 394)
(5 283)
(5 583)
(5 912)
(6 308)
(6 714)
(6 761)
(6 734)
(6 720)
(6 894)
(7 129)
(7 401)
(7 793)
(7 498)
(6 804)
(6 524)
(6 722)
(7 219)
(7 922)
(8 665)
(8 680)
(8 031)
(7 643)
0
(7 632)
(7 738)
Gross Profit
0
N/A
0
N/A
0
N/A
0
N/A
4 293
N/A
0
N/A
0
N/A
0
N/A
4 239
N/A
5 958
+41%
5 248
-12%
4 596
-12%
4 067
-12%
4 687
+15%
4 773
+2%
4 901
+3%
4 477
-9%
4 488
+0%
4 643
+3%
4 804
+3%
4 992
+4%
5 067
+1%
5 027
-1%
5 125
+2%
5 422
+6%
6 066
+12%
6 918
+14%
13 433
+94%
13 310
-1%
13 629
+2%
8 878
-35%
8 488
-4%
7 890
-7%
7 513
-5%
6 924
-8%
6 996
+1%
7 208
+3%
7 368
+2%
7 494
+2%
7 727
+3%
7 705
0%
7 798
+1%
7 986
+2%
7 642
-4%
7 835
+3%
8 011
+2%
8 135
+2%
8 042
-1%
7 991
-1%
7 867
-2%
7 045
-10%
6 929
-2%
6 739
-3%
6 619
-2%
7 322
+11%
7 549
+3%
7 777
+3%
7 890
+1%
8 020
+2%
8 067
+1%
8 118
+1%
8 733
+8%
9 254
+6%
9 809
+6%
10 439
+6%
10 482
+0%
10 532
+0%
10 388
-1%
10 409
+0%
10 508
+1%
10 674
+2%
11 061
+4%
11 353
+3%
11 090
-2%
11 082
0%
11 568
+4%
11 501
-1%
11 810
+3%
12 430
+5%
12 938
+4%
13 147
+2%
13 055
-1%
0
N/A
13 525
N/A
13 823
+2%
Operating Income
Operating Expenses
(6 150)
(6 170)
(6 205)
(6 211)
(3 728)
(6 177)
(6 139)
(6 100)
(3 738)
(5 505)
(4 838)
(4 196)
(3 676)
(4 216)
(4 223)
(4 231)
(3 742)
(3 755)
(3 857)
(3 909)
(3 982)
(3 855)
(3 808)
(3 982)
(3 129)
(3 436)
(5 286)
(8 291)
(8 912)
(9 349)
(7 354)
(6 913)
(6 538)
(6 305)
(5 758)
(6 220)
(6 467)
(6 571)
(6 036)
(6 308)
(6 297)
(6 448)
(6 464)
(6 722)
(6 837)
(6 877)
(6 759)
(6 878)
(6 803)
(6 435)
(5 795)
(5 489)
(5 331)
(5 475)
(5 956)
(6 117)
(6 285)
(6 359)
(6 452)
(6 425)
(6 439)
(7 072)
(7 805)
(8 452)
(9 007)
(8 918)
(8 818)
(8 595)
(8 547)
(8 768)
(9 115)
(9 359)
(9 567)
(12 747)
(9 103)
(9 214)
(9 534)
(9 396)
(10 422)
(10 511)
(10 512)
(10 505)
0
(10 657)
(11 092)
Selling, General & Administrative
0
0
0
0
(1 425)
0
0
0
(1 408)
(328)
(680)
(1 015)
(1 373)
(1 017)
(1 004)
(1 003)
(1 365)
(1 376)
(1 409)
(1 428)
(1 450)
(1 358)
(1 310)
(1 271)
(1 294)
(1 417)
(1 671)
(3 320)
(3 272)
(3 421)
(2 298)
(2 237)
(2 169)
(2 083)
(2 041)
(2 011)
(2 036)
(2 069)
(5 143)
(2 126)
(2 089)
(2 068)
(5 494)
(2 096)
(2 172)
(2 272)
(2 535)
(2 312)
(2 296)
(2 255)
(2 193)
(1 904)
(1 851)
(1 800)
(2 295)
(2 121)
(2 192)
(2 221)
(5 858)
(2 278)
(2 296)
(2 505)
(3 036)
(2 861)
(3 038)
(3 029)
(3 445)
(2 973)
(2 959)
(2 975)
(3 490)
(3 130)
(3 319)
(3 096)
(3 154)
(3 102)
(3 235)
(3 135)
(3 370)
(3 339)
(3 561)
(3 412)
0
(3 610)
(3 516)
Depreciation & Amortization
(605)
(613)
(611)
(608)
(620)
(631)
(635)
(642)
(647)
(636)
(640)
(642)
(633)
(603)
(563)
(517)
(484)
(481)
(483)
(492)
(496)
(479)
(469)
(461)
(461)
(499)
(573)
(1 147)
(1 113)
(1 162)
(799)
(794)
(789)
(788)
(785)
(784)
(796)
(801)
(809)
(813)
(822)
(833)
(847)
(854)
(847)
(856)
(873)
(861)
(854)
(823)
(704)
(680)
(654)
(636)
(693)
(713)
(739)
(753)
(767)
(765)
(761)
(841)
(959)
(1 050)
(1 142)
(1 142)
(1 109)
(1 103)
(1 094)
(1 098)
(1 091)
(1 233)
(1 394)
(1 403)
(1 344)
(1 286)
(1 261)
(1 242)
(1 264)
(1 245)
(1 236)
(1 264)
0
(1 295)
(1 317)
Other Operating Expenses
(5 546)
(5 557)
(5 593)
(5 603)
(1 683)
(5 545)
(5 504)
(5 458)
(1 684)
(4 541)
(3 518)
(2 539)
(1 670)
(2 596)
(2 656)
(2 711)
(1 892)
(1 898)
(1 966)
(1 989)
(2 036)
(2 018)
(2 029)
(2 250)
(1 374)
(1 520)
(3 042)
(3 825)
(4 528)
(4 766)
(4 258)
(3 882)
(3 580)
(3 434)
(2 931)
(3 425)
(3 635)
(3 701)
(84)
(3 370)
(3 386)
(3 548)
(123)
(3 773)
(3 818)
(3 749)
(3 351)
(3 705)
(3 653)
(3 357)
(2 898)
(2 905)
(2 827)
(3 039)
(2 968)
(3 283)
(3 354)
(3 385)
172
(3 381)
(3 382)
(3 726)
(3 811)
(4 540)
(4 827)
(4 747)
(4 264)
(4 519)
(4 495)
(4 695)
(4 535)
(4 995)
(4 854)
(8 249)
(4 605)
(4 826)
(5 039)
(5 020)
(5 789)
(5 927)
(5 715)
(5 829)
0
(5 752)
(6 260)
Operating Income
658
N/A
627
-5%
627
0%
582
-7%
565
-3%
532
-6%
529
-1%
514
-3%
500
-3%
452
-10%
410
-9%
400
-2%
391
-2%
471
+20%
550
+17%
669
+22%
735
+10%
733
0%
786
+7%
895
+14%
1 010
+13%
1 211
+20%
1 219
+1%
1 143
-6%
2 293
+101%
2 630
+15%
1 632
-38%
5 141
+215%
4 398
-14%
4 280
-3%
1 523
-64%
1 575
+3%
1 352
-14%
1 207
-11%
1 167
-3%
776
-33%
742
-4%
797
+7%
1 458
+83%
1 419
-3%
1 408
-1%
1 350
-4%
1 522
+13%
1 272
-16%
1 275
+0%
1 332
+4%
1 376
+3%
1 163
-15%
1 188
+2%
1 432
+21%
1 249
-13%
1 440
+15%
1 408
-2%
1 144
-19%
1 366
+19%
1 432
+5%
1 493
+4%
1 531
+3%
1 567
+2%
1 643
+5%
1 679
+2%
1 661
-1%
1 449
-13%
1 358
-6%
1 432
+5%
1 564
+9%
1 715
+10%
1 793
+5%
1 862
+4%
1 740
-7%
1 559
-10%
1 702
+9%
1 786
+5%
(1 658)
N/A
1 979
N/A
2 354
+19%
1 967
-16%
2 414
+23%
2 008
-17%
2 427
+21%
2 635
+9%
2 550
-3%
8 549
+235%
2 867
-66%
8 487
+196%
Pre-Tax Income
Interest Income Expense
(143)
(142)
(137)
(174)
(196)
(193)
(187)
(152)
(156)
(176)
(173)
(149)
(133)
(137)
(169)
(174)
(213)
(188)
(157)
(114)
(122)
(78)
(105)
(46)
(33)
(145)
(296)
(603)
(729)
(789)
(691)
(673)
(646)
(594)
(607)
(584)
(620)
(635)
(619)
(570)
(538)
(540)
(543)
(500)
(512)
(499)
(505)
(497)
(457)
(410)
(286)
(306)
(283)
(273)
(350)
(287)
(251)
(227)
(265)
(167)
(168)
(149)
(193)
(131)
(111)
(96)
(74)
(63)
(48)
(36)
(43)
(11)
(30)
(21)
69
177
191
126
100
87
106
82
0
104
42
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
210
0
0
1 040
0
0
0
253
0
0
0
(344)
0
0
0
(102)
0
0
0
(146)
0
0
0
(172)
0
0
0
106
0
0
0
1
0
0
0
73
0
0
0
(39)
(7)
(6)
(6)
142
70
0
69
337
0
(58)
0
(3 564)
0
776
0
19
0
163
0
0
(348)
0
Gain/Loss on Disposition of Assets
0
0
0
0
23
0
0
0
(1)
0
0
0
22
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
59
47
36
25
0
29
49
34
0
6
(3)
10
0
26
(25)
(43)
(674)
(713)
(658)
(710)
(117)
(71)
6
0
(46)
(49)
(32)
(48)
(57)
(56)
(87)
(114)
(125)
(265)
(230)
(229)
(275)
(154)
(138)
(119)
(62)
(40)
(39)
(39)
(35)
(85)
(107)
(92)
(103)
(71)
(47)
(61)
(68)
(76)
(86)
(135)
(144)
(143)
(62)
(115)
(97)
(110)
(69)
(76)
(79)
(63)
(94)
(97)
(91)
(89)
(89)
(105)
(65)
(75)
(86)
(49)
(40)
31
90
6
(55)
(19)
(180)
(37)
1
Pre-Tax Income
575
N/A
531
-8%
526
-1%
433
-18%
392
-10%
368
-6%
391
+6%
396
+1%
343
-13%
282
-18%
233
-18%
260
+12%
280
+7%
360
+29%
357
-1%
453
+27%
(152)
N/A
(168)
-11%
(29)
+83%
71
N/A
772
+983%
1 062
+38%
1 120
+5%
1 306
+17%
2 214
+70%
2 436
+10%
2 343
-4%
4 491
+92%
3 612
-20%
3 435
-5%
998
-71%
788
-21%
581
-26%
349
-40%
(14)
N/A
(37)
-157%
(153)
-311%
8
N/A
599
+7 879%
730
+22%
808
+11%
770
-5%
794
+3%
734
-8%
729
-1%
748
+3%
592
-21%
575
-3%
628
+9%
952
+51%
1 022
+7%
1 074
+5%
1 057
-2%
795
-25%
931
+17%
1 010
+9%
1 098
+9%
1 161
+6%
1 313
+13%
1 361
+4%
1 415
+4%
1 401
-1%
1 148
-18%
1 144
0%
1 236
+8%
1 399
+13%
1 688
+21%
1 704
+1%
1 722
+1%
1 684
-2%
1 765
+5%
1 586
-10%
1 633
+3%
(1 753)
N/A
(1 602)
+9%
2 482
N/A
2 894
+17%
2 571
-11%
2 217
-14%
2 520
+14%
2 849
+13%
2 613
-8%
8 369
+220%
2 587
-69%
8 529
+230%
Net Income
Tax Provision
(173)
(152)
(187)
(141)
(136)
(134)
(81)
(74)
(80)
(84)
(110)
(142)
(146)
(142)
(120)
(149)
(181)
(202)
(265)
(266)
(300)
(374)
(400)
(390)
(391)
(445)
(369)
(744)
(678)
(642)
(327)
(167)
(42)
41
190
95
18
27
(60)
(150)
(183)
(203)
(238)
(213)
(196)
(212)
(152)
(171)
(123)
(109)
(212)
(191)
(243)
(261)
(65)
(97)
(117)
(88)
(295)
(296)
(283)
(378)
(314)
(327)
(408)
(414)
(580)
(548)
(543)
(439)
(464)
(426)
(358)
(347)
(335)
(521)
(947)
(861)
(485)
(551)
(659)
(616)
0
(704)
(754)
Income from Continuing Operations
401
379
339
292
255
234
311
322
262
198
123
119
133
218
237
305
(333)
(370)
(294)
(195)
471
688
720
916
1 823
1 991
1 974
3 747
2 934
2 793
671
621
539
389
176
58
(135)
34
539
580
625
567
556
521
533
536
440
404
505
842
810
883
814
534
866
914
981
1 073
1 019
1 065
1 132
1 023
834
817
828
985
1 109
1 156
1 179
1 245
1 300
1 160
1 275
(2 100)
(1 937)
1 961
1 947
1 710
1 732
1 969
2 190
1 997
7 753
1 882
7 776
Income to Minority Interest
(29)
(28)
(27)
(19)
(11)
(13)
(12)
(14)
(14)
(12)
(7)
(15)
(17)
(19)
(21)
(33)
(33)
(34)
(47)
(44)
(57)
(71)
(75)
(76)
(75)
(78)
(97)
(192)
(186)
(191)
(112)
(106)
(104)
(119)
(125)
(145)
(160)
(152)
(168)
(172)
(174)
(177)
(186)
(194)
(210)
(225)
(244)
(243)
(239)
(223)
(197)
(188)
(185)
(186)
(202)
(206)
(200)
(192)
(183)
(181)
(197)
(201)
(174)
(168)
(140)
(134)
(141)
(134)
(126)
(130)
(143)
(162)
(151)
(111)
(130)
(161)
(143)
(129)
(126)
(135)
(158)
(143)
0
(137)
(160)
Net Income (Common)
373
N/A
351
-6%
312
-11%
273
-13%
244
-11%
221
-9%
298
+35%
308
+3%
248
-19%
186
-25%
116
-38%
104
-10%
117
+12%
199
+70%
216
+9%
272
+26%
(366)
N/A
(404)
-10%
(341)
+16%
(239)
+30%
415
N/A
677
+63%
749
+11%
951
+27%
1 779
+87%
1 960
+10%
2 022
+3%
5 115
+153%
4 222
-17%
4 007
-5%
1 808
-55%
481
-73%
404
-16%
243
-40%
43
-82%
(93)
N/A
(306)
-228%
(134)
+56%
343
N/A
381
+11%
420
+10%
366
-13%
348
-5%
301
-13%
323
+7%
308
-4%
285
-8%
257
-10%
445
+73%
804
+81%
736
-8%
824
+12%
690
-16%
445
-35%
486
+9%
509
+5%
547
+7%
659
+20%
800
+21%
851
+6%
898
+5%
758
-16%
657
-13%
659
+0%
698
+6%
840
+20%
918
+9%
965
+5%
1 005
+4%
1 064
+6%
1 143
+7%
980
-14%
1 091
+11%
(2 255)
N/A
(2 139)
+5%
1 750
N/A
1 759
+1%
1 545
-12%
1 597
+3%
1 774
+11%
1 929
+9%
1 785
-7%
7 541
+323%
1 782
-76%
7 650
+329%
EPS (Diluted)
5.12
N/A
5
-2%
4.42
-12%
3.85
-13%
3.47
-10%
3.14
-10%
4.2
+34%
4.39
+5%
3.52
-20%
2.63
-25%
1.65
-37%
0.9
-45%
1.28
+42%
1.8
+41%
1.92
+7%
2.45
+28%
-3.35
N/A
-3.62
-8%
-3.01
+17%
-1.98
+34%
3.45
N/A
6.07
+76%
6.57
+8%
7.58
+15%
14.54
+92%
16.03
+10%
15.77
-2%
39.31
+149%
31.49
-20%
29.75
-6%
14.54
-51%
3.54
-76%
2.97
-16%
1.71
-42%
0.29
-83%
-0.49
N/A
-1.63
-233%
-0.71
+56%
1.82
N/A
2.03
+12%
2.23
+10%
1.95
-13%
1.85
-5%
1.6
-14%
1.72
+7%
1.66
-3%
1.51
-9%
1.37
-9%
2.36
+72%
4.28
+81%
3.92
-8%
4.39
+12%
3.66
-17%
2.36
-36%
2.58
+9%
2.7
+5%
2.9
+7%
3.5
+21%
4.25
+21%
4.52
+6%
4.77
+6%
3.9
-18%
3.42
-12%
3.31
-3%
3.51
+6%
4.23
+21%
4.62
+9%
4.86
+5%
5.06
+4%
5.36
+6%
5.76
+7%
4.93
-14%
5.49
+11%
-11.36
N/A
-10.78
+5%
8.81
N/A
8.91
+1%
8.05
-10%
8.44
+5%
9.52
+13%
10.42
+9%
9.8
-6%
0
N/A
9.86
N/A
42.87
+335%

See Also

Summary
HEI intrinsic value, competitors valuation, and company profile.
DCF Valuation
HEI stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HEI stock valuation using valuation multiples.
Wall Street Estimates
HEI price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HEI stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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