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CRH PLC ADR CRH

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

CRH Delivers Resilient Third-Quarter Trading Update Helped by Cost Savings; Shares Fairly Valued

Matthew Donen, CFA Equity Analyst

Analyst Note

| Matthew Donen, CFA |

Narrow-moat CRH delivered a resilient third-quarter trading update in a challenging environment, which saw its top-line outperform European peers. Having suspended its guidance in April, the company now expects full-year EBITDA to be ahead of 2019, which is better than our initial expectations but not material enough to adjust our fair value estimate of GBP 27 ($34). Shares remain fairly valued.

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Company Profile

Business Description

CRH is a global manufacturer of a range of building products used in construction projects, operating via a vertically integrated business model. The past decade has seen CRH transform into a leading building materials business, with increasing exposure to upstream building activities such as aggregates and cement. CRH’s geographic footprint is mostly across developed markets. North America is CRH’s largest market and accounts for 59% of sales. The company is the largest producer of aggregates and asphalt in the United States.

Contact
Stonemason’s Way, Rathfarnham
Dublin, D16 KH51, Ireland
T +353 14041000
Sector Basic Materials
Industry Building Materials
Most Recent Earnings Jun 30, 2008
Fiscal Year End Dec 31, 2020
Stock Type
Employees 80,300