Holcim reported a 12% increase in recurring EBIT to CHF 976 million in the third quarter, exceeding company-compiled consensus of CHF 949 million. Management raised its full-year EBIT growth guidance to between 10% and 12% from 10%. Shares are trading 6% higher intraday.
The phasing out of free carbon credits in Europe to produce cement will put pressure on small manufacturers and likely lead to lower supply, and thus higher profitability for large incumbents such as Holcim.
Following the spinoff of Amrize, Holcim has no exposure to the US market, which exhibits high entry barriers and a robust outlook from reindustrialization and infrastructure spending.
|
Metric
|
HOLN
|
CRH
|
HEI
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.42 | 14.99 | 12.86 |
Price/Book Value | 2.23 | 2.39 | 1.39 |
Price/Sales | 2.24 | 1.50 | 1.21 |
Price/Cash Flow | 11.39 | 9.17 | 7.72 |
|
Metric
|
HOLN
|
CRH
|
HEI
|
|---|---|---|---|
Quick Ratio | 0.74 | 1.01 | 0.95 |
Current Ratio | 1.09 | 1.58 | 1.37 |
Interest Coverage | 3.39 | 6.88 | 10.54 |
|
Metric
|
HOLN
|
CRH
|
HEI
|
|---|---|---|---|
Return on Assets (Normalized) | 5.67% | 6.08% | 6.31% |
Return on Equity (Normalized) | 12.73% | 14.98% | 12.76% |
Return on Invested Capital (Normalized) | 8.33% | 9.13% | 9.21% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| CRH PLC
CRH
| LOCK|#?&$>t& | LOCK|jnLg# | $58B | |||
| Holcim Ltd ADR
HCMLY
| — | LOCK|$N^P | $43B | |||
| Holcim Ltd
HCMLF
| LOCK|Qzt@$^$ | LOCK|v?>& | $43B | |||
| Martin Marietta Materials Inc
MLM
| LOCK|^PPyt#Z | LOCK|@Q | $37B | |||
| Vulcan Materials Co
VMC
| LOCK|K^Kf#r%m | LOCK|>V< | $35B | |||
| Heidelberg Materials AG ADR
HDLMY
| LOCK|$#lQ?< | LOCK|S@yFl | $29B | |||
| Heidelberg Materials AG
HLBZF
| LOCK|@Vq$DG | LOCK|>Q<P | $29B | |||
| Amrize Ltd Registered Share
AMRZ
| LOCK|JCJkFw | LOCK|wmqv | $21B | |||
| Grasim Industries Ltd DR
GRSXY
| — | LOCK|vXv<C | $21B | |||
| James Hardie Industries PLC
JHX
| LOCK|<tPQynn | LOCK|<>H | $15B |
United States