(CEM) Cementir Holding N.V - Overview
Sector: Basic Materials | Industry: Building Materials | Exchange: MI (Italy) | Market Cap: 2.129m EUR | Total Return: -1.9% in 12m
Avg Turnover: 2.40M
Rev. Trend: -63.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Cementir Holding N.V. is a global manufacturer of building materials headquartered in the Netherlands, specializing in the production of white and grey cement, ready-mixed concrete, and aggregates. The company operates an integrated business model across Europe, North America, Turkey, and Asia, managing the full value chain from raw material extraction to technical application support and logistics. Its product portfolio includes specialized brands such as Aalborg White and FUTURECEM, targeting high-performance architectural and structural applications.
The cement industry is highly capital-intensive and characterized by significant energy consumption, making vertical integration into waste management and alternative fuels a common strategy for cost mitigation. As the worlds leading producer of white cement, Cementir benefits from a niche market position where products command higher margins compared to standard grey cement due to their specialized aesthetic and chemical properties. Investors may find it useful to examine ValueRay for deeper insights into the companys valuation metrics.
Beyond core manufacturing, the company provides technical design assistance, digital solutions, and procurement management for large-scale infrastructure and industrial projects. Cementir also maintains a trading arm for clinker and solid fuels, ensuring supply chain stability for its global production facilities.
- Global leadership in white cement production drives premium pricing and high margins
- Energy price volatility and carbon emission costs impact European manufacturing profitability
- Infrastructure spending and urbanization in Turkish and Asian markets fuel volume growth
- Decarbonization initiatives and FUTURECEM adoption mitigate regulatory risks and carbon taxes
- Strategic expansion in North American concrete markets diversifies regional revenue streams
| Net Income: 156.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.49 > 1.0 |
| NWC/Revenue: 35.93% < 20% (prev 22.37%; Δ 13.56% < -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 0.57%; Δ 5.70k% > 0.5%) |
| Asset Turnover: 60.18% > 50% (prev 66.88%; Δ -6.70% > 0%) |
| Interest Coverage Ratio: 18.46 > 6 (EBITDA TTM 337.8m / 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 2.69b) |
| D: 3.12 (Book Value of Equity 2.74b / Total Liabilities 878.3m) |
| Altman-Z'' = 8.23 = AAA |
| DSRI: 0.94 (Receivables 146.3m/161.6m, Revenue 1.62b/1.69b) |
| GMI: 0.99 (GM 57.55% / 57.19%) |
| AQI: 0.96 (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 = -3.19 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 13.69 with a total of 176,528 shares traded.
Over the past week, the price has changed by -1.58%,
over one month by -12.26%,
over three months by -13.67% and
over the past year by -1.93%.
Cementir Holding N.V has no consensus analysts rating.
P/E Trailing = 11.6017
P/E Forward = 20.0401
P/S = 1.7415
P/B = 1.1246
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 = 1.58b EUR (2.13b + Debt 71.9m - CCE 618.8m)
Interest Coverage Ratio = 18.46 (Ebit TTM 195.1m / Interest Expense TTM 10.6m)
EV/FCF = 6.86x (Enterprise Value 1.58b / FCF TTM 230.7m)
FCF Yield = 14.58% (FCF TTM 230.7m / Enterprise Value 1.58b)
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 = 0.55 (Enterprise Value 1.58b / 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 = 5.82% (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 = 6.53% (NOPAT 142.4m / Invested Capital 2.18b)
WACC = 7.44% (E(2.13b)/V(2.20b) * Re(7.33%) + D(71.9m)/V(2.20b) * Rd(14.69%) * (1-Tc(0.27)))
Discount Rate = 7.33% (= 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=-5.33% | Revisions=-33% | GrowthEPS=-21.4% | GrowthRev=+1.5%
EPS next Year (2027-12-31): EPS=1.34 | Chg30d=-1.09% | Revisions=-33% | GrowthEPS=+8.0% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: -33%