(HEI) Heidelberg Materials - Overview
Sector: Basic Materials | Industry: Building Materials | Exchange: XETRA (Germany) | Market Cap: 30.802m EUR | Total Return: 9.9% in 12m
Avg Turnover: 55.7M
EPS Trend: 90.9%
Qual. Beats: 0
Rev. Trend: -20.2%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Heidelberg Materials AG is a global manufacturer and distributor of heavy building materials, including cement, aggregates, ready-mixed concrete, and asphalt. Founded in 1873 and headquartered in Germany, the company supplies essential inputs for large-scale infrastructure projects such as bridges and tunnels, as well as commercial and residential construction.
The business model is vertically integrated, allowing the company to control the supply chain from raw material extraction in quarries to the production of specialized concrete components. As a major player in the construction materials sector, the company operates in a capital-intensive industry where proximity to end-markets is a critical competitive advantage due to high transportation costs for heavy goods.
Investors can further analyze these industrial fundamentals and valuation metrics on ValueRay.
- EU carbon emission costs and regulatory compliance pressure margins
- Global infrastructure spending levels dictate demand for heavy building materials
- Energy price volatility impacts high-intensity cement and clinker production costs
- Decarbonization technology investments influence long term capital expenditure requirements
- Residential construction activity in Europe and North America drives volume growth
| Net Income: 2.54b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.08 > 1.0 |
| NWC/Revenue: 6.06% < 20% (prev 9.25%; Δ -3.19% < -1%) |
| CFO/TA 0.14 > 3% & CFO 4.96b > Net Income 2.54b |
| Net Debt (6.68b) to EBITDA (5.42b): 1.23 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (176.4m) vs 12m ago -1.54% < -2% |
| Gross Margin: 64.35% > 18% (prev 0.63%; Δ 6.37k% > 0.5%) |
| Asset Turnover: 73.73% > 50% (prev 56.29%; Δ 17.44% > 0%) |
| Interest Coverage Ratio: 15.88 > 6 (EBITDA TTM 5.42b / Interest Expense TTM 259.4m) |
| A: 0.05 (Total Current Assets 8.60b - Total Current Liabilities 6.96b) / Total Assets 36.1b |
| B: 0.38 (Retained Earnings 13.8b / Total Assets 36.1b) |
| C: 0.11 (EBIT TTM 4.12b / Avg Total Assets 36.7b) |
| D: 0.85 (Book Value of Equity 14.4b / Total Liabilities 16.8b) |
| Altman-Z'' = 3.20 = A |
| DSRI: 0.93 (Receivables 2.53b/2.11b, Revenue 27.1b/21.0b) |
| GMI: 0.99 (GM 64.35% / 63.42%) |
| AQI: 0.91 (AQ_t 0.36 / AQ_t-1 0.39) |
| SGI: 1.29 (Revenue 27.1b / 21.0b) |
| TATA: -0.07 (NI 2.54b - CFO 4.96b) / TA 36.1b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 174.65 with a total of 408,793 shares traded.
Over the past week, the price has changed by +4.22%,
over one month by +14.01%,
over three months by -14.15% and
over the past year by +9.94%.
Heidelberg Materials has no consensus analysts rating.
P/E Trailing = 15.6216
P/E Forward = 13.089
P/S = 1.4292
P/B = 1.6734
P/EG = 1.8183
Revenue TTM = 27.1b EUR
EBIT TTM = 4.12b EUR
EBITDA TTM = 5.42b EUR
Long Term Debt = 5.71b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.43b EUR (from shortTermDebt, last quarter)
Debt = 9.30b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.19b
Net Debt = 6.68b EUR (calculated: Debt 9.30b - CCE 2.63b)
Enterprise Value = 37.5b EUR (30.8b + Debt 9.30b - CCE 2.63b)
Interest Coverage Ratio = 15.88 (Ebit TTM 4.12b / Interest Expense TTM 259.4m)
EV/FCF = 19.83x (Enterprise Value 37.5b / FCF TTM 1.89b)
FCF Yield = 5.04% (FCF TTM 1.89b / Enterprise Value 37.5b)
FCF Margin = 6.98% (FCF TTM 1.89b / Revenue TTM 27.1b)
Net Margin = 9.40% (Net Income TTM 2.54b / Revenue TTM 27.1b)
Gross Margin = 64.35% ((Revenue TTM 27.1b - Cost of Revenue TTM 9.65b) / Revenue TTM)
Gross Margin QoQ = 65.44% (prev 62.79%)
Tobins Q-Ratio = 1.04 (Enterprise Value 37.5b / Total Assets 36.1b)
Interest Expense / Debt = 2.79% (Interest Expense 259.4m / Debt 9.30b)
Taxrate = 23.76% (438.6m / 1.85b)
NOPAT = 3.14b (EBIT 4.12b * (1 - 23.76%))
Current Ratio = 1.24 (Total Current Assets 8.60b / Total Current Liabilities 6.96b)
Debt / Equity = 0.51 (Debt 9.30b / totalStockholderEquity, last quarter 18.2b)
Debt / EBITDA = 1.23 (Net Debt 6.68b / EBITDA 5.42b)
Debt / FCF = 3.53 (Net Debt 6.68b / FCF TTM 1.89b)
Total Stockholder Equity = 17.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.93% (Net Income 2.54b / Total Assets 36.1b)
RoE = 14.26% (Net Income TTM 2.54b / Total Stockholder Equity 17.8b)
RoCE = 17.48% (EBIT 4.12b / Capital Employed (Equity 17.8b + L.T.Debt 5.71b))
RoIC = 10.26% (NOPAT 3.14b / Invested Capital 30.6b)
WACC = 6.88% (E(30.8b)/V(40.1b) * Re(8.32%) + D(9.30b)/V(40.1b) * Rd(2.79%) * (1-Tc(0.24)))
Discount Rate = 8.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.45 | Cagr: -2.38%
[DCF] Terminal Value 74.81% ; FCFF base≈1.93b ; Y1≈1.86b ; Y5≈1.82b
[DCF] Fair Price = 124.4 (EV 28.6b - Net Debt 6.68b = Equity 21.9b / Shares 176.4m; r=8.35% [WACC [floored]]; 5y FCF grow -4.53% → 2.50% )
EPS Correlation: 90.91 | EPS CAGR: 22.00% | SUE: -0.75 | # QB: 0
Revenue Correlation: -20.23 | Revenue CAGR: -2.24% | SUE: -0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.81 | Chg30d=+3.53% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=4.09 | Chg30d=-1.21% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=13.37 | Chg30d=+0.44% | Revisions=+0% | GrowthEPS=+11.2% | GrowthRev=+2.8%
EPS next Year (2027-12-31): EPS=14.98 | Chg30d=-0.12% | Revisions=-29% | GrowthEPS=+12.0% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: -29%