(BZU) Buzzi Unicem S.p.A. - Overview
Sector: Basic Materials | Industry: Building Materials | Exchange: MI (Italy) | Market Cap: 7.777m EUR | Total Return: -6.3% in 12m
Avg Turnover: 20.0M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Buzzi S.p.A. is an Italian multinational building materials company specializing in the production and distribution of cement, ready-mix concrete, and natural aggregates. Founded in 1872, the firm operates a geographically diverse industrial footprint across Europe, North America, North Africa, and South America.
The construction materials sector is highly capital-intensive, requiring significant investment in heavy machinery and integrated logistics to manage high-volume, low-value commodities. Due to the weight of cement and aggregates, the business model relies heavily on localized production facilities situated near end-markets to minimize transportation costs.
Investors can evaluate the company’s long-term valuation metrics and debt profile on ValueRay.
Following a corporate rebranding in May 2023, the company transitioned its name from Buzzi Unicem S.p.A. to Buzzi S.p.A. while maintaining its headquarters in Casale Monferrato.
- Infrastructure spending and residential construction demand in the United States and Italy
- Energy price volatility affects cement production margins and operational profitability
- Decarbonization costs and EU carbon credit regulations impact long-term capital expenditure
- Geopolitical instability in Eastern European markets creates revenue and asset valuation risks
- Dollar to Euro exchange rate fluctuations drive reported earnings from North American operations
| Net Income: 1.86b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -6.50 > 1.0 |
| NWC/Revenue: 28.37% < 20% (prev 28.79%; Δ -0.41% < -1%) |
| CFO/TA 0.28 > 3% & CFO 2.54b > Net Income 1.86b |
| Net Debt (-1.31b) to EBITDA (2.23b): -0.59 < 3 |
| Current Ratio: 4.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (181.0m) vs 12m ago -2.22% < -2% |
| Gross Margin: 59.49% > 18% (prev 0.39%; Δ 5.91k% > 0.5%) |
| Asset Turnover: 106.8% > 50% (prev 85.06%; Δ 21.73% > 0%) |
| Interest Coverage Ratio: 45.37 > 6 (EBITDA TTM 2.23b / 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: 0.23 (EBIT TTM 1.90b / Avg Total Assets 8.27b) |
| D: 3.76 (Book Value of Equity 6.91b / Total Liabilities 1.84b) |
| Altman-Z'' = 9.81 = AAA |
| DSRI: 0.53 (Receivables 571.5m/790.7m, Revenue 8.83b/6.48b) |
| GMI: 0.66 (GM 59.49% / 39.34%) |
| AQI: 0.88 (AQ_t 0.20 / AQ_t-1 0.22) |
| SGI: 1.36 (Revenue 8.83b / 6.48b) |
| TATA: -0.08 (NI 1.86b - CFO 2.54b) / TA 8.92b) |
| Beneish M = -3.61 (Cap -4..+1) = AAA |
As of May 25, 2026, the stock is trading at EUR 43.74 with a total of 391,888 shares traded.
Over the past week, the price has changed by -0.82%,
over one month by -4.97%,
over three months by -9.13% and
over the past year by -6.26%.
Buzzi Unicem S.p.A. has no consensus analysts rating.
P/E Trailing = 8.5697
P/E Forward = 9.1659
P/S = 1.718
P/B = 1.0954
P/EG = 0.3938
Revenue TTM = 8.83b EUR
EBIT TTM = 1.90b EUR
EBITDA TTM = 2.23b 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 = 6.47b EUR (7.78b + Debt 91.0m - CCE 1.40b)
Interest Coverage Ratio = 45.37 (Ebit TTM 1.90b / Interest Expense TTM 41.9m)
EV/FCF = 13.22x (Enterprise Value 6.47b / FCF TTM 489.1m)
FCF Yield = 7.56% (FCF TTM 489.1m / Enterprise Value 6.47b)
FCF Margin = 5.54% (FCF TTM 489.1m / Revenue TTM 8.83b)
Net Margin = 21.10% (Net Income TTM 1.86b / Revenue TTM 8.83b)
Gross Margin = 59.49% ((Revenue TTM 8.83b - Cost of Revenue TTM 3.58b) / Revenue TTM)
Gross Margin QoQ = 45.27% (prev 62.88%)
Tobins Q-Ratio = 0.72 (Enterprise Value 6.47b / Total Assets 8.92b)
Interest Expense / Debt = 46.03% (Interest Expense 41.9m / Debt 91.0m)
Taxrate = 15.37% (97.0m / 631.4m)
NOPAT = 1.61b (EBIT 1.90b * (1 - 15.37%))
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 = -0.59 (Net Debt -1.31b / EBITDA 2.23b)
Debt / FCF = -2.68 (Net Debt -1.31b / FCF TTM 489.1m)
Total Stockholder Equity = 6.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 22.53% (Net Income 1.86b / Total Assets 8.92b)
RoE = 28.40% (Net Income TTM 1.86b / Total Stockholder Equity 6.56b)
RoCE = 27.67% (EBIT 1.90b / Capital Employed (Equity 6.56b + L.T.Debt 305.5m))
RoIC = 19.76% (NOPAT 1.61b / Invested Capital 8.14b)
WACC = 8.66% (E(7.78b)/V(7.87b) * Re(8.31%) + D(91.0m)/V(7.87b) * Rd(46.03%) * (1-Tc(0.15)))
Discount Rate = 8.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -57.98 | Cagr: -1.64%
[DCF] Terminal Value 71.93% ; FCFF base≈658.5m ; Y1≈577.4m ; Y5≈466.5m
[DCF] Fair Price = 47.28 (EV 7.12b - Net Debt -1.31b = Equity 8.43b / Shares 178.3m; r=8.66% [WACC]; 5y FCF grow -15.0% → 2.50% )
Revenue Correlation: 90.08 | Revenue CAGR: 16.23% | SUE: -0.02 | # QB: 0
EPS current Year (2026-12-31): EPS=4.79 | Chg30d=+1.05% | Revisions=+9% | GrowthEPS=-6.2% | GrowthRev=+2.6%
EPS next Year (2027-12-31): EPS=5.13 | Chg30d=+0.93% | Revisions=+27% | GrowthEPS=+7.1% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: +27%