BZU Stock Analysis: Buzzi Unicem S.p.A. | MI
Building Materials | MI, Italy | Market Cap: 6.683m EUR | 12M Return: -22.3% | IT0001347308 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 16.4M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Buzzi S.p.A. (formerly Buzzi Unicem S.p.A., renamed in May 2023) is an Italian-headquartered building materials company founded in 1872 and based in Casale Monferrato. It manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates, with operations spanning more than a dozen countries across Europe, North America, South America, the Middle East, and North Africa, including key markets such as Italy, the United States, Germany, Poland, Brazil, and Mexico.
The company operates as a vertically integrated producer across the cement value chain, moving from raw material extraction (aggregates) through clinker and cement manufacturing to downstream ready-mix concrete. Cement and construction materials are cyclical, heavy commodities whose demand closely tracks construction and infrastructure activity, and high distribution costs relative to product weight generally make cement a regionally focused business - a structural factor that helps explain Buzzis multi-country, multi-plant footprint rather than centralized global production.
- US housing slowdown pressures largest cement segment volumes
- EU carbon costs and energy prices squeeze margins
- Italian infrastructure spending boosts domestic cement demand
| Net Income: 859.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.28 > 1.0 |
| NWC/Revenue: 54.66% < 20% (prev 45.67%; Δ 8.99% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.00b > Net Income 859.0m |
| Net Debt (-619.1m) to EBITDA (1.29b): -0.48 < 3 |
| Current Ratio: 4.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (179.3m) vs 12m ago -3.06% < -2% |
| Gross Margin: 38.15% > 18% (prev 43.81%; Δ -5.65% > 0.5%) |
| Asset Turnover: 50.57% > 50% (prev 51.47%; Δ -0.90% > 0%) |
| Interest Coverage Ratio: 31.02 > 6 (EBIT TTM 944.9m / Interest Expense TTM 30.5m) |
| A: 0.27 (Total Current Assets 3.20b - Total Current Liabilities 729.4m) / Total Assets 9.22b |
| B: 0.78 (Retained Earnings 7.23b / Total Assets 9.22b) |
| C: 0.11 (EBIT TTM 944.9m / Avg Total Assets 8.94b) |
| D: 3.91 (Book Value of Equity 7.30b / Total Liabilities 1.87b) |
| Altman-Z'' = 9.13 = AAA |
| DSRI: 1.21 (Receivables 1.02b/831.0m, Revenue 4.52b/4.46b) |
| GMI: 1.15 (GM 43.81% / 38.15%) |
| AQI: 0.97 (AQ_t 0.20 / AQ_t-1 0.21) |
| SGI: 1.01 (Revenue 4.52b / 4.46b) |
| TATA: -0.02 (NI 859.0m - CFO 1.00b) / TA 9.22b) |
| Beneish M = -2.73 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at EUR 36.00 with a total of 567,011 shares traded. Over the past week, the price has changed by -3.41%, over one month by -10.67%, over three months by -17.09% and over the past year by -22.25%.
Current recommended Stop Loss: 34.70 (which is 3.6% or 1.3 ATR below the current price).
Buzzi Unicem S.p.A. has no consensus analysts rating.
P/E Trailing = 7.9538
P/E Forward = 7.5873
P/S = 1.4753
P/B = 0.9053
P/EG = 0.3938
Revenue TTM = 4.52b EUR
EBIT TTM = 944.9m EUR
EBITDA TTM = 1.29b EUR
Long Term Debt = 352.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 82.6m EUR (from shortTermDebt, last quarter)
Debt = 589.8m EUR (from shortLongTermDebtTotal, last quarter) + Leases 91.4m
Net Debt = -619.1m EUR (calculated: Debt 589.8m - CCE 1.21b)
Enterprise Value = 6.06b EUR (6.68b + Debt 589.8m - CCE 1.21b)
Interest Coverage Ratio = 31.02 (Ebit TTM 944.9m / Interest Expense TTM 30.5m)
EV/FCF = 11.20x (Enterprise Value 6.06b / FCF TTM 541.4m)
FCF Yield = 8.93% (FCF TTM 541.4m / Enterprise Value 6.06b)
FCF Margin = 11.97% (FCF TTM 541.4m / Revenue TTM 4.52b)
Net Margin = 19.00% (Net Income TTM 859.0m / Revenue TTM 4.52b)
Gross Margin = 38.15% ((Revenue TTM 4.52b - Cost of Revenue TTM 2.80b) / Revenue TTM)
Gross Margin QoQ = 30.08% (prev 45.73%)
Tobins Q-Ratio = 0.66 (Enterprise Value 6.06b / Total Assets 9.22b)
Interest Expense / Debt = 5.16% (Interest Expense 30.5m / Debt 589.8m)
Taxrate = 19.44% (207.2m / 1.07b)
NOPAT = 761.2m (EBIT 944.9m * (1 - 19.44%))
Current Ratio = 4.39 (Total Current Assets 3.20b / Total Current Liabilities 729.4m)
Debt / Equity = 0.08 (Debt 589.8m / totalStockholderEquity, last quarter 7.30b)
Debt / EBITDA = -0.48 (Net Debt -619.1m / EBITDA 1.29b)
Debt / FCF = -1.14 (Net Debt -619.1m / FCF TTM 541.4m)
Total Stockholder Equity = 6.89b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.61% (Net Income 859.0m / Total Assets 9.22b)
RoE = 12.47% (Net Income TTM 859.0m / Total Stockholder Equity 6.89b)
RoCE = 13.05% (EBIT 944.9m / Capital Employed (Equity 6.89b + L.T.Debt 352.8m))
RoIC = 9.12% (NOPAT 761.2m / Invested Capital 8.34b)
WACC = 7.87% (E(6.68b)/V(7.27b) * Re(8.20%) + D(589.8m)/V(7.27b) * Rd(5.16%) * (1-Tc(0.19)))
Discount Rate = 8.20% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.99 | Cagr: -1.42%
[DCF] Terminal Value 75.64% ; FCFF base≈538.1m ; Y1≈547.2m ; Y5≈594.4m
[DCF] Fair Price = 55.74 (EV 9.22b - Net Debt -619.1m = Equity 9.84b / Shares 176.5m; r=8.35% [WACC [floored]]; 5y FCF grow 1.52% → 2.50% )
Revenue Correlation: 78.94 | Revenue CAGR: 11.17% | SUE: 1.84 | # QB: 1
EPS current Year (2026-12-31): EPS=4.57 | Chg30d=-1.07% | Revisions=-40% | GrowthEPS=-10.3% | GrowthRev=+1.6%
EPS next Year (2027-12-31): EPS=4.83 | Chg30d=-1.94% | Revisions=-64% | GrowthEPS=+5.7% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: -69% (up=1, down=12)