We initiate coverage on Buzzi SpA, a family-controlled cement manufacturer with core operations in the US, Italy, and Central Europe. Buzzi earns most of its revenue from cement and has the largest cement concentration within our European building materials coverage.
Structural US conditions remain strong as current volume weakness due to subdued residential construction is purely cyclical and should be further boosted by data center construction in Texas and reindustrialization.
Buzzi has underinvested in decarbonization (both in costs and product offering) and thus will incur higher costs in the future once free carbon credits are phased out, and also weaker pricing power relative to some of its peers.
|
Metric
|
BZU
|
CRH
|
HOLN
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.35 | 14.99 | 19.42 |
Price/Book Value | 0.96 | 2.39 | 2.23 |
Price/Sales | 1.59 | 1.50 | 2.24 |
Price/Cash Flow | 7.58 | 9.17 | 11.39 |
|
Metric
|
BZU
|
CRH
|
HOLN
|
|---|---|---|---|
Quick Ratio | 3.12 | 1.01 | 0.74 |
Current Ratio | 4.39 | 1.58 | 1.09 |
Interest Coverage | 27.03 | 6.88 | 3.39 |
|
Metric
|
BZU
|
CRH
|
HOLN
|
|---|---|---|---|
Return on Assets (Normalized) | 9.30% | 6.08% | 5.67% |
Return on Equity (Normalized) | 11.90% | 14.98% | 12.73% |
Return on Invested Capital (Normalized) | 10.46% | 9.13% | 8.33% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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United States