CEM Stock Analysis: Cementir Holding N.V | MI
Building Materials | MI, Italy | Market Cap: 2.351m EUR | 12M Return: -5.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.27M
Rev. Trend: -63.1%
Qual. Beats: 0
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.
Cementir Holding N.V. (CEM) is a Netherlands-based building materials company that operates across Italy, the Nordic and Baltic regions, Belgium, North America, Turkiye, Egypt, and Asia Pacific. Its business is organized into Cement, Ready-Mixed Concrete, Aggregates, Waste, and Other segments, with a diverse product portfolio including white cement marketed under the Aalborg White brand, low-carbon grey cement under the FUTURECEM brand, ready-mixed concrete, and aggregates such as sand, gravel, and crushed stone. The company also offers specialty products like Aalborg Extreme self-compacting concrete, Aalborg Excel mortar, and the Aalborg INBIND binder, alongside trading, logistics, technical support, and digital solutions. Incorporated in 1947 and headquartered in Amsterdam, Cementir serves a wide range of end markets including infrastructure, construction, agriculture, and industrial applications. The construction materials industry is generally cyclical, driven by trends in residential and non-residential construction as well as public infrastructure spending, and white cement in particular represents a niche, higher-margin subset of the broader cement market used primarily for decorative and architectural purposes.
- White cement pricing powers Nordic segment margins
- Turkey lira weakness pressures reported revenue translation
- Energy and pet-coke costs squeeze cement margin expansion
| Net Income: 156.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.24 > 1.0 |
| NWC/Revenue: 35.93% < 20% (prev 25.90%; Δ 10.03% < -1%) |
| CFO/TA 0.12 > 3% & CFO 336.9m > Net Income 156.5m |
| Net Debt (-546.9m) to EBITDA (337.8m): -1.62 < 3 |
| Current Ratio: 2.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (155.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 57.55% > 18% (prev 57.19%; Δ 0.35% > 0.5%) |
| Asset Turnover: 57.67% > 50% (prev 61.21%; Δ -3.54% > 0%) |
| Interest Coverage Ratio: 18.46 > 6 (EBIT TTM 195.1m / Interest Expense TTM 10.6m) |
| A: 0.20 (Total Current Assets 1.10b - Total Current Liabilities 523.1m) / Total Assets 2.85b |
| B: 0.96 (Retained Earnings 2.74b / Total Assets 2.85b) |
| C: 0.07 (EBIT TTM 195.1m / Avg Total Assets 2.80b) |
| D: 2.11 (Book Value of Equity 1.85b / Total Liabilities 878.3m) |
| Altman-Z'' = 7.15 = AAA |
| DSRI: 0.85 (Receivables 146.3m/180.3m, Revenue 1.62b/1.69b) |
| GMI: 0.99 (GM 57.19% / 57.55%) |
| AQI: 0.95 (AQ_t 0.28 / AQ_t-1 0.29) |
| SGI: 0.96 (Revenue 1.62b / 1.69b) |
| TATA: -0.06 (NI 156.5m - CFO 336.9m) / TA 2.85b) |
| Beneish M = -3.22 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at EUR 14.24 with a total of 1,631,716 shares traded. Over the past week, the price has changed by -4.56%, over one month by -0.21%, over three months by -10.26% and over the past year by -5.54%.
Current recommended Stop Loss: 13.50 (which is 5.2% or 1.3 ATR below the current price).
Cementir Holding N.V has no consensus analysts rating.
P/E Trailing = 12.8136
P/E Forward = 20.0401
P/S = 1.9234
P/B = 1.2782
Revenue TTM = 1.62b EUR
EBIT TTM = 195.1m EUR
EBITDA TTM = 337.8m EUR
Long Term Debt = 65.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 6.77m EUR (from shortLongTermDebt, last quarter)
Debt = 71.9m EUR (Leases only: 71.9m)
Net Debt = -546.9m EUR (calculated: Debt 71.9m - CCE 618.8m)
Enterprise Value = 1.80b EUR (2.35b + Debt 71.9m - CCE 618.8m)
Interest Coverage Ratio = 18.46 (Ebit TTM 195.1m / Interest Expense TTM 10.6m)
EV/FCF = 7.82x (Enterprise Value 1.80b / FCF TTM 230.7m)
FCF Yield = 12.79% (FCF TTM 230.7m / Enterprise Value 1.80b)
FCF Margin = 14.27% (FCF TTM 230.7m / Revenue TTM 1.62b)
Net Margin = 9.68% (Net Income TTM 156.5m / Revenue TTM 1.62b)
Gross Margin = 57.55% ((Revenue TTM 1.62b - Cost of Revenue TTM 686.7m) / Revenue TTM)
Gross Margin QoQ = 56.34% (prev 56.12%)
Tobins Q-Ratio = 0.63 (Enterprise Value 1.80b / Total Assets 2.85b)
Interest Expense / Debt = 14.69% (Interest Expense 10.6m / Debt 71.9m)
Taxrate = 27.02% (77.4m / 286.3m)
NOPAT = 142.4m (EBIT 195.1m * (1 - 27.02%))
Current Ratio = 2.11 (Total Current Assets 1.10b / Total Current Liabilities 523.1m)
Debt / Equity = 0.04 (Debt 71.9m / totalStockholderEquity, last quarter 1.85b)
Debt / EBITDA = -1.62 (Net Debt -546.9m / EBITDA 337.8m)
Debt / FCF = -2.37 (Net Debt -546.9m / FCF TTM 230.7m)
Total Stockholder Equity = 1.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.58% (Net Income 156.5m / Total Assets 2.85b)
RoE = 9.15% (Net Income TTM 156.5m / Total Stockholder Equity 1.71b)
RoCE = 10.98% (EBIT 195.1m / Capital Employed (Equity 1.71b + L.T.Debt 65.8m))
RoIC = 6.33% (NOPAT 142.4m / Invested Capital 2.25b)
WACC = 7.49% (E(2.35b)/V(2.42b) * Re(7.39%) + D(71.9m)/V(2.42b) * Rd(14.69%) * (1-Tc(0.27)))
Discount Rate = 7.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -83.33 | Cagr: -1.14%
[DCF] Terminal Value 76.28% ; FCFF base≈224.9m ; Y1≈238.4m ; Y5≈281.4m
[DCF] Fair Price = 31.35 (EV 4.33b - Net Debt -546.9m = Equity 4.87b / Shares 155.5m; r=8.35% [WACC [floored]]; 5y FCF grow 6.70% → 2.50% )
Revenue Correlation: -63.08 | Revenue CAGR: -1.22% | SUE: -0.04 | # QB: 0
EPS current Year (2026-12-31): EPS=1.24 | Chg30d=+0.00% | Revisions=-40% | GrowthEPS=-21.4% | GrowthRev=+1.5%
EPS next Year (2027-12-31): EPS=1.34 | Chg30d=+0.00% | Revisions=-38% | GrowthEPS=+8.0% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: -50% (up=1, down=6)