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Heidelberg Materials AG
XMUN:HEI

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Heidelberg Materials AG
XMUN:HEI
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Price: 186.4 EUR 0.51% Market Closed
Market Cap: €21.7B

EV/FCFF

14
Current
20%
More Expensive
vs 3-y average of 11.7

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
14
=
Enterprise Value
€25.8B
/
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
14
=
Enterprise Value
€25.8B
/
Free Cash Flow to Firm
€1.8B

Valuation Scenarios

Heidelberg Materials AG is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (11.7), the stock would be worth €155.78 (16% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-20%
Maximum Upside
+42%
Average Upside
8%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 14 €186.4
0%
3-Year Average 11.7 €155.78
-16%
5-Year Average 11.2 €148.23
-20%
Industry Average 19.9 €264.9
+42%
Country Average 17.7 €235.07
+26%

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
Heidelberg Materials AG
XMUN:HEI
21.7B EUR 14 11.2
IE
CRH PLC
NYSE:CRH
78.9B USD 31.5 21
CH
Holcim AG
SIX:HOLN
39.8B CHF 24.7 3.1
DE
HeidelbergCement AG
XETRA:HEI
32.8B EUR 20.1 16.9
US
Vulcan Materials Co
NYSE:VMC
38.1B USD 36.9 35.4
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.6T INR 79.1 48.6
US
Martin Marietta Materials Inc
NYSE:MLM
37.1B USD 43.3 32.6
US
Amrize AG
SIX:AMRZ
24.4B CHF 24 25.9
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR -9.4 44.3
CN
China Jushi Co Ltd
SSE:600176
133B CNY 50.7 40.5
MX
Cemex SAB de CV
NYSE:CX
18.2B USD 28.2 18.9

Market Distribution

In line with most companies in Germany
Percentile
36th
Based on 1 970 companies
36th percentile
14
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

Heidelberg Materials AG
Glance View

Heidelberg Materials AG, a stalwart in the construction materials sector, traces its origins back to the late 19th century. Its journey began on the banks of the Neckar River in Germany, where the company originally focused on cement production. Over the decades, what started as a modest family business evolved into a global powerhouse, becoming one of the largest suppliers of cement, aggregates, and ready-mixed concrete worldwide. This transformation was possible through strategic acquisitions and relentless innovation, enabling Heidelberg Materials to secure a formidable presence in more than 60 countries. The company embraces sustainability as a core tenet, diligently working to reduce its carbon footprint by investing in new technologies and environmentally-friendly materials, reflecting in its ongoing development of low-carbon products. At the heart of Heidelberg Materials' business model lies diversification and integration across its operations. By maintaining control over its production processes, from raw material extraction to the delivery of finished products, the company enhances operational efficiency and scales its output effectively. The cement segment remains the cornerstone of its revenue, being critical to construction projects globally. Aggregates, such as sand and gravel, complement this, forming essential components for construction. The ready-mixed concrete segment bridges these materials, offering tailored solutions for specific building needs. The synergy between these segments not only fortifies Heidelberg Materials' market position but also allows the firm to deliver consistent value through a well-rounded product portfolio that meets the diverse demands of infrastructure and building projects around the world.

HEI Intrinsic Value
275.4 EUR
Undervaluation 32%
Intrinsic Value
Price €186.4
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