CRH reported flat third-quarter adjusted EBITDA of $2.7 billion, translating to an 80-basis-point decline year over year to 23.5%. Higher energy and transportation costs, combined with one-off benefits from the prior period, were the biggest contributors. Shares are trading 5% higher intraday.
As the largest roadbuilder in North America, CRH is well positioned for a rise in public infrastructure projects underpinned by the $1.2 trillion Infrastructure Investment and Jobs Act, which will see a 40% increase in federal highway funding and remains mostly uninvested so far.
Demand for privately funded residential construction projects has slowed because higher interest rates, which limit the ability to raise cement prices.
|
Metric
|
CRH
|
VMC
|
MLM
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.72 | 33.06 | 31.74 |
Price/Book Value | 2.41 | 4.27 | 2.78 |
Price/Sales | 1.56 | 4.58 | 4.83 |
Price/Cash Flow | 9.77 | 20.46 | 20.77 |
|
Metric
|
CRH
|
VMC
|
MLM
|
|---|---|---|---|
Quick Ratio | 1.00 | 0.84 | 0.65 |
Current Ratio | 1.46 | 1.43 | 1.41 |
Interest Coverage | 6.66 | 7.20 | 6.03 |
|
Metric
|
CRH
|
VMC
|
MLM
|
|---|---|---|---|
Return on Assets (Normalized) | 5.78% | 6.70% | −3.09% |
Return on Equity (Normalized) | 14.28% | 13.14% | −5.78% |
Return on Invested Capital (Normalized) | 8.63% | 9.49% | −2.55% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States