BZU Stock Analysis: Buzzi Unicem S.p.A. | MI
Building Materials | MI, Italy | Market Cap: 8.117m EUR | 12M Return: -12.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 19.3M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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. (BZU), formerly Buzzi Unicem S.p.A. until its May 2023 renaming, is an Italian-headquartered building materials producer that manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates. Founded in 1872 and based in Casale Monferrato, the company operates across approximately a dozen countries, with its principal markets including Italy, the United States, Germany, and several other European, Middle Eastern, and Latin American jurisdictions (such as Poland, the Czech Republic, the UAE, Brazil, and Mexico).
As a Materials-sector (Construction Materials) company, Buzzi sits within a heavy, capital-intensive industry whose economics are shaped by local demand for construction inputs and by the high cost of transporting bulk commodities like cement, which typically enforces regional production footprints. Its vertically integrated mix of cement, ready-mix concrete, and aggregates allows the group to capture margin across consecutive stages of the construction supply chain.
- US construction demand drives volumes and pricing
- Energy and carbon costs pressure cement margins
- European infrastructure spending supports Italy and Germany volumes
| Net Income: 921.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.09 > 1.0 |
| NWC/Revenue: 55.45% < 20% (prev 49.89%; Δ 5.56% < -1%) |
| CFO/TA 0.14 > 3% & CFO 1.27b > Net Income 921.3m |
| Net Debt (-1.31b) to EBITDA (1.23b): -1.07 < 3 |
| Current Ratio: 4.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (181.0m) vs 12m ago -2.22% < -2% |
| Gross Margin: 53.79% > 18% (prev 65.45%; Δ -11.66% > 0.5%) |
| Asset Turnover: 51.31% > 50% (prev 49.64%; Δ 1.67% > 0%) |
| Interest Coverage Ratio: 21.45 > 6 (EBIT TTM 898.1m / Interest Expense TTM 41.9m) |
| A: 0.28 (Total Current Assets 3.21b - Total Current Liabilities 700.8m) / Total Assets 8.92b |
| B: 0.76 (Retained Earnings 6.79b / Total Assets 8.92b) |
| C: 0.10 (EBIT TTM 898.1m / Avg Total Assets 8.81b) |
| D: 3.86 (Book Value of Equity 7.09b / Total Liabilities 1.84b) |
| Altman-Z'' = 9.05 = AAA |
| DSRI: 0.93 (Receivables 571.5m/585.0m, Revenue 4.52b/4.31b) |
| GMI: 1.22 (GM 65.45% / 53.79%) |
| AQI: 0.96 (AQ_t 0.20 / AQ_t-1 0.20) |
| SGI: 1.05 (Revenue 4.52b / 4.31b) |
| TATA: -0.04 (NI 921.3m - CFO 1.27b) / TA 8.92b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of July 10, 2026, the stock is trading at EUR 43.38 with a total of 394,268 shares traded. Over the past week, the price has changed by -5.70%, over one month by -0.73%, over three months by -5.19% and over the past year by -12.39%.
Current recommended Stop Loss: 41.50 (which is 4.3% or 1.3 ATR below the current price).
Buzzi Unicem S.p.A. has no consensus analysts rating.
P/E Trailing = 9.0118
P/E Forward = 9.3985
P/S = 1.7931
P/B = 1.1218
P/EG = 0.3938
Revenue TTM = 4.52b EUR
EBIT TTM = 898.1m EUR
EBITDA TTM = 1.23b EUR
Long Term Debt = 305.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 20.9m EUR (from shortTermDebt, last quarter)
Debt = 91.0m EUR (Leases only: 91.0m)
Net Debt = -1.31b EUR (calculated: Debt 91.0m - CCE 1.40b)
Enterprise Value = 6.81b EUR (8.12b + Debt 91.0m - CCE 1.40b)
Interest Coverage Ratio = 21.45 (Ebit TTM 898.1m / Interest Expense TTM 41.9m)
EV/FCF = 13.92x (Enterprise Value 6.81b / FCF TTM 489.1m)
FCF Yield = 7.19% (FCF TTM 489.1m / Enterprise Value 6.81b)
FCF Margin = 10.82% (FCF TTM 489.1m / Revenue TTM 4.52b)
Net Margin = 20.39% (Net Income TTM 921.3m / Revenue TTM 4.52b)
Gross Margin = 53.79% ((Revenue TTM 4.52b - Cost of Revenue TTM 2.09b) / Revenue TTM)
Gross Margin QoQ = 45.27% (prev 62.88%)
Tobins Q-Ratio = 0.76 (Enterprise Value 6.81b / Total Assets 8.92b)
Interest Expense / Debt = 46.03% (Interest Expense 41.9m / Debt 91.0m)
Taxrate = 21.51% (253.3m / 1.18b)
NOPAT = 704.9m (EBIT 898.1m * (1 - 21.51%))
Current Ratio = 4.58 (Total Current Assets 3.21b / Total Current Liabilities 700.8m)
Debt / Equity = 0.01 (Debt 91.0m / totalStockholderEquity, last quarter 7.09b)
Debt / EBITDA = -1.07 (Net Debt -1.31b / EBITDA 1.23b)
Debt / FCF = -2.68 (Net Debt -1.31b / FCF TTM 489.1m)
Total Stockholder Equity = 6.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.46% (Net Income 921.3m / Total Assets 8.92b)
RoE = 14.04% (Net Income TTM 921.3m / Total Stockholder Equity 6.56b)
RoCE = 13.08% (EBIT 898.1m / Capital Employed (Equity 6.56b + L.T.Debt 305.5m))
RoIC = 8.79% (NOPAT 704.9m / Invested Capital 8.02b)
WACC = 8.74% (E(8.12b)/V(8.21b) * Re(8.43%) + D(91.0m)/V(8.21b) * Rd(46.03%) * (1-Tc(0.22)))
Discount Rate = 8.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -57.98 | Cagr: -1.64%
[DCF] Terminal Value 74.23% ; FCFF base≈487.1m ; Y1≈493.3m ; Y5≈531.4m
[DCF] Fair Price = 51.14 (EV 7.74b - Net Debt -1.31b = Equity 9.05b / Shares 177.0m; r=8.74% [WACC]; 5y FCF grow 1.01% → 2.50% )
Revenue Correlation: 90.08 | Revenue CAGR: 16.23% | SUE: -0.02 | # QB: 0
EPS current Year (2026-12-31): EPS=4.77 | Chg30d=-0.09% | Revisions=+30% | GrowthEPS=-6.4% | GrowthRev=+2.4%
EPS next Year (2027-12-31): EPS=5.11 | Chg30d=-0.03% | Revisions=+0% | GrowthEPS=+7.1% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: +21% (up=7, down=4)