Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
HEI.F [bullish]
Heidelberg Materials AG
+131.12%
current return
Author Info
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Company Info
Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.
Market Cap
EUR 27.0B
Pitch Price
EUR 96.75
Price Target
N/A
Dividend
1.98%
EV/EBITDA
7.57
P/E
15.67
EV/Sales
1.58
Sector
Construction Materials
Category
value
Show full summary:
Artisan Global Value Fund Portfolio Holding: Heidelberg Materials AG
HEI.F: Shares +23% YTD after 63% in 2022. Valuation still cheap at 9x earnings vs US peers at 2x despite strong margins & cash flows. CO2 tax fears overblown as HEI leads in low-CO2 cement. Successfully passed on energy inflation. Pricing power underappreciated.
Read full article (2 min)