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Heidelberg Materials AG
XMUN:HEI

Watchlist Manager
Heidelberg Materials AG
XMUN:HEI
Watchlist
Price: 188.35 EUR -2.08%
Market Cap: €21.9B

P/B

1.2
Current
77%
More Expensive
vs 3-y average of 0.7

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.2
=
Market Cap
€21.6B
/
Total Equity
€18.2B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.2
=
Market Cap
€21.6B
/
Total Equity
€18.2B

Valuation Scenarios

Heidelberg Materials AG is trading above its 3-year average

If P/B returns to its 3-Year Average (0.7), the stock would be worth €106.35 (44% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-52%
Maximum Upside
+40%
Average Downside
6%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.2 €188.35
0%
3-Year Average 0.7 €106.35
-44%
5-Year Average 0.6 €90.03
-52%
Industry Average 1.6 €245.49
+30%
Country Average 1.7 €263.1
+40%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
DE
Heidelberg Materials AG
XMUN:HEI
21.9B EUR 1.2 11.3
IE
CRH PLC
NYSE:CRH
77.6B USD 3.2 20.7
CH
Holcim AG
SIX:HOLN
39.5B CHF 2.6 3
DE
HeidelbergCement AG
XETRA:HEI
33.1B EUR 1.8 17
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.6T INR 4.9 49.1
US
Vulcan Materials Co
NYSE:VMC
37.9B USD 4.4 35.2
US
Martin Marietta Materials Inc
NYSE:MLM
36.8B USD 3.7 32.4
US
Amrize AG
SIX:AMRZ
24.5B CHF 2.3 25.6
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 1.9 44.4
CN
China Jushi Co Ltd
SSE:600176
128B CNY 4.1 39
MX
Cemex SAB de CV
NYSE:CX
17.3B USD 1.3 18

Market Distribution

In line with most companies in Germany
Percentile
35th
Based on 2 701 companies
35th percentile
1.2
Low
0 — 1.1
Typical Range
1.1 — 2.8
High
2.8 —
Distribution Statistics
Germany
Min 0
30th Percentile 1.1
Median 1.7
70th Percentile 2.8
Max 125.7

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 €188.35
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