(HOLN) Holcim - SW
Sector: Basic Materials | Industry: Building Materials | Exchange: SW (Switzerland) | Market Cap: 41.241m CHF | Total Return: 58.9% in 12m
Avg Turnover: 77.5M
Qual. Beats: 0
Rev. Trend: -89.2%
Qual. Beats: 0
Warnings
P/E ratio 106.5
Tailwinds
Idiosyncratic Leader
Holcim AG is a Swiss-based global provider of building materials and construction solutions, operating across Europe, Latin America, Asia, the Middle East, and Africa. The company’s portfolio includes cement, aggregates, ready-mix concrete, and specialized products such as roofing, insulation, and facade systems. Its materials support diverse end-markets, including large-scale infrastructure, residential housing, and industrial energy projects.
The construction materials sector is characterized by high capital intensity and significant logistical costs, often favoring companies with localized production networks to minimize transportation expenses. Holcim has expanded its business model beyond traditional heavy materials into high-growth segments like building envelopes and digital concrete services to improve margins and sustainability profiles. Investors looking for deeper financial metrics can explore more data on ValueRay.
Founded in 1833 and formerly known as LafargeHolcim, the company rebranded in 2021 to align with its modernized strategy. It distributes products under numerous global brands, including ECOPact and Elevate, focusing on integrated solutions for the global construction supply chain.
- North American business spin-off unlocks pure-play valuation premium
- Decarbonization and green cement transition improves long-term margin resilience
- Strategic acquisitions in roofing and insulation diversify non-cement revenue
- Infrastructure spending and urbanization trends drive emerging market volume growth
| Net Income: 14.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 3.48 > 1.0 |
| NWC/Revenue: 10.67% < 20% (prev 9.15%; Δ 1.51% < -1%) |
| CFO/TA 0.15 > 3% & CFO 5.12b > Net Income 14.0b |
| Net Debt (5.71b) to EBITDA (5.18b): 1.10 < 3 |
| Current Ratio: 1.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (553.1m) vs 12m ago -0.66% < -2% |
| Gross Margin: 43.16% > 18% (prev 43.74%; Δ -0.58% > 0.5%) |
| Asset Turnover: 51.25% > 50% (prev 48.97%; Δ 2.28% > 0%) |
| Interest Coverage Ratio: 9.68 > 6 (EBIT TTM 3.74b / Interest Expense TTM 386.5m) |
| A: 0.07 (Total Current Assets 9.80b - Total Current Liabilities 7.40b) / Total Assets 33.6b |
| B: 0.61 (Retained Earnings 20.5b / Total Assets 33.6b) |
| C: 0.09 (EBIT TTM 3.74b / Avg Total Assets 43.9b) |
| D: 0.88 (Book Value of Equity 15.4b / Total Liabilities 17.5b) |
| Altman-Z'' = 3.96 = AA |
| DSRI: 0.77 (Receivables 2.23b/3.41b, Revenue 22.5b/26.6b) |
| GMI: 1.01 (GM 43.74% / 43.16%) |
| AQI: 0.84 (AQ_t 0.34 / AQ_t-1 0.40) |
| SGI: 0.85 (Revenue 22.5b / 26.6b) |
| TATA: 0.27 (NI 14.0b - CFO 5.12b) / TA 33.6b) |
| Beneish M = -3.38 (Cap -4..+1) = AA |
As of June 15, 2026, the stock is trading at CHF 74.56 with a total of 1,288,691 shares traded.
Over the past week, the price has changed by +0.16%,
over one month by +5.46%,
over three months by +20.96% and
over the past year by +58.85%.
Holcim has no consensus analysts rating.
P/E Trailing = 106.5143
P/E Forward = 19.6078
P/S = 2.6228
P/B = 2.682
P/EG = 0.4318
Revenue TTM = 22.5b CHF
EBIT TTM = 3.74b CHF
EBITDA TTM = 5.18b CHF
Long Term Debt = 7.39b CHF (from longTermDebt, last quarter)
Short Term Debt = 1.34b CHF (from shortTermDebt, last quarter)
Debt = 11.2b CHF (from shortLongTermDebtTotal, last quarter) + Leases 1.65b
Net Debt = 5.71b CHF (calculated: Debt 11.2b - CCE 5.44b)
Enterprise Value = 47.0b CHF (41.2b + Debt 11.2b - CCE 5.44b)
Interest Coverage Ratio = 9.68 (Ebit TTM 3.74b / Interest Expense TTM 386.5m)
EV/FCF = 12.91x (Enterprise Value 47.0b / FCF TTM 3.64b)
FCF Yield = 7.75% (FCF TTM 3.64b / Enterprise Value 47.0b)
FCF Margin = 16.15% (FCF TTM 3.64b / Revenue TTM 22.5b)
Net Margin = 62.36% (Net Income TTM 14.0b / Revenue TTM 22.5b)
Gross Margin = 43.16% ((Revenue TTM 22.5b - Cost of Revenue TTM 12.8b) / Revenue TTM)
Gross Margin QoQ = 41.40% (prev 43.29%)
Tobins Q-Ratio = 1.40 (Enterprise Value 47.0b / Total Assets 33.6b)
Interest Expense / Debt = 3.47% (Interest Expense 386.5m / Debt 11.2b)
Taxrate = 35.93% (752.0m / 2.09b)
NOPAT = 2.40b (EBIT 3.74b * (1 - 35.93%))
Current Ratio = 1.32 (Total Current Assets 9.80b / Total Current Liabilities 7.40b)
Debt / Equity = 0.73 (Debt 11.2b / totalStockholderEquity, last quarter 15.4b)
Debt / EBITDA = 1.10 (Net Debt 5.71b / EBITDA 5.18b)
Debt / FCF = 1.57 (Net Debt 5.71b / FCF TTM 3.64b)
Total Stockholder Equity = 18.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 31.96% (Net Income 14.0b / Total Assets 33.6b)
RoE = 78.14% (Net Income TTM 14.0b / Total Stockholder Equity 18.0b)
RoCE = 14.76% (EBIT 3.74b / Capital Employed (Equity 18.0b + L.T.Debt 7.39b))
RoIC = 9.08% (NOPAT 2.40b / Invested Capital 26.4b)
WACC = 7.60% (E(41.2b)/V(52.4b) * Re(9.06%) + D(11.2b)/V(52.4b) * Rd(3.47%) * (1-Tc(0.36)))
Discount Rate = 9.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.45 | Cagr: -1.64%
[DCF] Terminal Value 74.15% ; FCFF base≈3.78b ; Y1≈3.51b ; Y5≈3.19b
[DCF] Fair Price = 80.96 (EV 50.5b - Net Debt 5.71b = Equity 44.8b / Shares 553.1m; r=8.35% [WACC [floored]]; 5y FCF grow -8.81% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -89.24 | Revenue CAGR: -14.39% | SUE: -0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=3.68 | Chg30d=-0.20% | Revisions=+0% | GrowthEPS=+14.4% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=4.20 | Chg30d=-0.23% | Revisions=+0% | GrowthEPS=+14.0% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: +0%