HeidelbergCement AG banner

HeidelbergCement AG
XETRA:HEI

Watchlist Manager
HeidelbergCement AG Logo
HeidelbergCement AG
XETRA:HEI
Watchlist
Price: 188.35 EUR 1.15% Market Closed
Market Cap: €33.2B

EV/FCFF

20.3
Current
26%
More Expensive
vs 3-y average of 16.1

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
20.3
=
Enterprise Value
€36.9B
/
Free Cash Flow to Firm
€1.8B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
20.3
=
Enterprise Value
€36.9B
/
Free Cash Flow to Firm
€1.8B

Valuation Scenarios

HeidelbergCement AG is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (16.1), the stock would be worth €148.99 (21% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-25%
Maximum Upside
No Upside Scenarios
Average Downside
15%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 20.3 €188.35
0%
3-Year Average 16.1 €148.99
-21%
5-Year Average 15.3 €142.09
-25%
Industry Average 19.9 €184.91
-2%
Country Average 17.7 €164.09
-13%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
DE
HeidelbergCement AG
XETRA:HEI
33.2B EUR 20.3 17.1
IE
CRH PLC
NYSE:CRH
79.2B USD 31.6 21.1
CH
Holcim AG
SIX:HOLN
40.2B CHF 24.6 3
US
Vulcan Materials Co
NYSE:VMC
39.4B USD 38 36.6
US
Martin Marietta Materials Inc
NYSE:MLM
37.3B USD 43.5 32.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.4T INR 76.2 46.9
US
Amrize AG
SIX:AMRZ
25.1B CHF 23.3 25.1
DE
Heidelberg Materials AG
XMUN:HEI
21.8B EUR 14.1 11.3
CN
China Jushi Co Ltd
SSE:600176
136.9B CNY 52.1 41.7
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR -9.5 45.1
MX
Cemex SAB de CV
NYSE:CX
18.1B USD 28.1 18.8

Market Distribution

In line with most companies in Germany
Percentile
55th
Based on 1 970 companies
55th percentile
20.3
Low
0.1 — 11.9
Typical Range
11.9 — 29.2
High
29.2 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 11.9
Median 17.7
70th Percentile 29.2
Max 2 317.8

HeidelbergCement AG
Glance View

HeidelbergCement AG stands as a prominent figure in the global building materials industry, embodying a legacy that stretches back to its founding in 1873 in Heidelberg, Germany. The company's journey from a regional cement manufacturer to a global powerhouse is a testament to its strategic vision and operational excellence. HeidelbergCement primarily makes its money through the production and distribution of essential materials like cement, aggregates, ready-mixed concrete, and asphalt. With operations spanning across more than 50 countries, the company has strategically positioned itself to tap into the diverse market needs driven by urbanization and infrastructure developments. Central to HeidelbergCement's business model is its robust and vertically integrated structure, which enhances operational efficiency and cost control. This integration allows the company to optimize its supply chain, from the extraction of raw materials in quarries to processing them in cement plants, and finally distributing the finished products to construction sites worldwide. Such a comprehensive approach not only ensures quality control throughout the production process but also enables the company to remain resilient against market fluctuations in raw material prices. By continuously focusing on innovation, sustainability, and digitalization, HeidelbergCement seeks to cement its role not just as a supplier of building materials, but as a critical player in shaping the world's infrastructure landscape.

HEI Intrinsic Value
195 EUR
Undervaluation 3%
Intrinsic Value
Price €188.35
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett