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HeidelbergCement AG
XETRA:HEI

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

EV/IC

1.2
Current
66%
More Expensive
vs 3-y average of 0.7

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.2
=
Enterprise Value
€36.9B
/
Invested Capital
€30.2B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.2
=
Enterprise Value
€36.9B
/
Invested Capital
€30.2B

Valuation Scenarios

HeidelbergCement AG is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.7), the stock would be worth €113.62 (40% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-44%
Maximum Upside
+6%
Average Downside
25%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.2 €188.35
0%
3-Year Average 0.7 €113.62
-40%
5-Year Average 0.7 €106.13
-44%
Industry Average 1.3 €200.22
+6%
Country Average 1 €146.99
-22%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
DE
HeidelbergCement AG
XETRA:HEI
33.2B EUR 1.2 17.1
IE
CRH PLC
NYSE:CRH
77.2B USD 1.8 20.6
CH
Holcim AG
SIX:HOLN
40.1B CHF 1.7 3
US
Vulcan Materials Co
NYSE:VMC
38.8B USD 2.6 36.1
US
Martin Marietta Materials Inc
NYSE:MLM
37.1B USD 2.3 32.6
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.4T INR 2.9 46.9
US
Amrize AG
SIX:AMRZ
23.6B CHF 1.6 24.9
DE
Heidelberg Materials AG
XMUN:HEI
21.8B EUR 0.9 11.3
CN
China Jushi Co Ltd
SSE:600176
136.9B CNY 3.1 41.7
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 0.6 45.1
MX
Cemex SAB de CV
NYSE:CX
18B USD 0.9 18.8

Market Distribution

In line with most companies in Germany
Percentile
62st
Based on 2 708 companies
62st percentile
1.2
Low
0 — 0.6
Typical Range
0.6 — 1.6
High
1.6 —
Distribution Statistics
Germany
Min 0
30th Percentile 0.6
Median 1
70th Percentile 1.6
Max 298.9

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
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