HOLN Stock Analysis: Holcim | SW
Building Materials | SW, Switzerland | Market Cap: 38.885m CHF | 12M Return: 8% | CH0012214059 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 63.5M
Qual. Beats: 0
Rev. Trend: -80.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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.
Holcim AG is a Swiss-headquartered building materials and solutions provider operating across Europe, Latin America, and the Asia, Middle East, and Africa regions. Its product portfolio spans cement, clinker, ready-mix concrete, aggregates, precast concrete, asphalt, mortars, roofing, insulation, and facade systems, supported by digital services through its HOLCIM+ platform. The company serves four major end markets-infrastructure (tunnels, railways, airports, bridges), housing, commercial construction, and industrial projects including renewable energy and mining-under brands such as ECOPact, ECOPlanet, Elevate, Ductal, and Tector. Originally founded in 1833 and previously known as LafargeHolcim Ltd, the company rebranded to Holcim AG in May 2021 and is listed on the Swiss exchange under ticker HOLN. As a large-cap constituent of the Materials sector, Holcim is one of the global leaders in the heavy-side construction materials industry, where scale of raw material reserves, vertical integration across cement, aggregates, and concrete, and exposure to long-cycle infrastructure demand are key competitive drivers.
- US infrastructure spending lifts cement and aggregates volumes
- EU carbon border tax raises cement production costs
- Acquisitions expand higher-margin roofing and building solutions portfolio
| Net Income: 6.98b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -4.12 > 1.0 |
| NWC/Revenue: 3.12% < 20% (prev 12.55%; Δ -9.44% < -1%) |
| CFO/TA 0.12 > 3% & CFO 4.40b > Net Income 6.98b |
| Net Debt (8.99b) to EBITDA (5.24b): 1.72 < 3 |
| Current Ratio: 1.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (555.2m) vs 12m ago -0.22% < -2% |
| Gross Margin: 42.14% > 18% (prev 44.17%; Δ -2.04% > 0.5%) |
| Asset Turnover: 68.25% > 50% (prev 72.52%; Δ -4.27% > 0%) |
| Interest Coverage Ratio: 13.06 > 6 (EBIT TTM 3.67b / Interest Expense TTM 281.0m) |
| A: 0.02 (Total Current Assets 9.19b - Total Current Liabilities 8.45b) / Total Assets 36.3b |
| B: 0.60 (Retained Earnings 21.6b / Total Assets 36.3b) |
| C: 0.11 (EBIT TTM 3.67b / Avg Total Assets 34.6b) |
| D: 0.81 (Book Value of Equity 15.8b / Total Liabilities 19.6b) |
| Altman-Z'' = 3.64 = AA |
| DSRI: 1.25 (Receivables 2.66b/2.15b, Revenue 23.6b/23.9b) |
| GMI: 1.05 (GM 44.17% / 42.14%) |
| AQI: 1.08 (AQ_t 0.37 / AQ_t-1 0.34) |
| SGI: 0.99 (Revenue 23.6b / 23.9b) |
| TATA: 0.07 (NI 6.98b - CFO 4.40b) / TA 36.3b) |
| Beneish M = -2.73 (Cap -4..+1) = A |
As of August 24, 2026, the stock is trading at CHF 70.30 with a total of 745,389 shares traded. Over the past week, the price has changed by -1.87%, over one month by -4.74%, over three months by -6.79% and over the past year by +8.03%.
Current recommended Stop Loss: 68.10 (which is 3.1% or 1.4 ATR below the current price).
Holcim has no consensus analysts rating.
P/E Trailing = 100.4286
P/E Forward = 18.0505
P/S = 2.4645
P/B = 2.4392
P/EG = 0.3964
Revenue TTM = 23.6b CHF
EBIT TTM = 3.67b CHF
EBITDA TTM = 5.24b CHF
Long Term Debt = 7.39b CHF (from longTermDebt, last fiscal year)
Short Term Debt = 2.43b CHF (from shortTermDebt, last quarter)
Debt = 12.6b CHF (from shortLongTermDebtTotal, last quarter) + Leases 1.65b
Net Debt = 8.99b CHF (calculated: Debt 12.6b - CCE 3.60b)
Enterprise Value = 47.9b CHF (38.9b + Debt 12.6b - CCE 3.60b)
Interest Coverage Ratio = 13.06 (Ebit TTM 3.67b / Interest Expense TTM 281.0m)
EV/FCF = 17.52x (Enterprise Value 47.9b / FCF TTM 2.73b)
FCF Yield = 5.71% (FCF TTM 2.73b / Enterprise Value 47.9b)
FCF Margin = 11.56% (FCF TTM 2.73b / Revenue TTM 23.6b)
Net Margin = 29.54% (Net Income TTM 6.98b / Revenue TTM 23.6b)
Gross Margin = 42.14% ((Revenue TTM 23.6b - Cost of Revenue TTM 13.7b) / Revenue TTM)
Gross Margin QoQ = 42.66% (prev 41.40%)
Tobins Q-Ratio = 1.32 (Enterprise Value 47.9b / Total Assets 36.3b)
Interest Expense / Debt = 2.23% (Interest Expense 281.0m / Debt 12.6b)
Taxrate = 22.75% (281.0m / 1.24b)
NOPAT = 2.83b (EBIT 3.67b * (1 - 22.75%))
Current Ratio = 1.09 (Total Current Assets 9.19b / Total Current Liabilities 8.45b)
Debt / Equity = 0.80 (Debt 12.6b / totalStockholderEquity, last quarter 15.8b)
Debt / EBITDA = 1.72 (Net Debt 8.99b / EBITDA 5.24b)
Debt / FCF = 3.29 (Net Debt 8.99b / FCF TTM 2.73b)
Total Stockholder Equity = 15.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 20.16% (Net Income 6.98b / Total Assets 36.3b)
RoE = 45.64% (Net Income TTM 6.98b / Total Stockholder Equity 15.3b)
RoCE = 16.17% (EBIT 3.67b / Capital Employed (Equity 15.3b + L.T.Debt 7.39b))
RoIC = 9.75% (NOPAT 2.83b / Invested Capital 29.1b)
WACC = 7.17% (E(38.9b)/V(51.5b) * Re(8.93%) + D(12.6b)/V(51.5b) * Rd(2.23%) * (1-Tc(0.23)))
Discount Rate = 8.93% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.90 | Cagr: -0.73%
[DCF] Terminal Value 73.10% ; FCFF base≈3.18b ; Y1≈2.79b ; Y5≈2.25b
[DCF] Fair Price = 49.08 (EV 36.1b - Net Debt 8.99b = Equity 27.1b / Shares 553.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -80.08 | Revenue CAGR: -11.49% | SUE: 1.40 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=3.82 | Chg30d=+2.68% | Revisions=+62% | GrowthEPS=+18.7% | GrowthRev=+7.2%
EPS next Year (2027-12-31): EPS=4.31 | Chg30d=+0.23% | Revisions=+46% | GrowthEPS=+12.7% | GrowthRev=+8.7%
[Analyst] Revisions Ratio: +61% (up=17, down=3)