Company Valuation: Holcim AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,451 29,112 38,234 49,081 41,894 37,668 - -
Change - 2.32% 31.34% 28.37% -14.64% -10.09% - -
Enterprise Value (EV) 1 38,428 35,144 46,130 57,529 45,679 43,042 42,259 41,645
Change - -8.55% 31.26% 24.71% -20.6% -5.77% -1.82% -1.45%
P/E 12.5x 8.77x 12.3x 16.7x 3.27x 18.8x 16.2x 14.8x
PBR 1.02x 0.98x 1.45x 1.8x 2.8x 2.27x 2.13x 2.01x
PEG - 0.2x -6.11x -6.87x 0x -0.2x 1x 1.5x
Capitalization / Revenue 1.06x 1x 1.42x 1.86x 2.66x 2.23x 2.05x 1.95x
EV / Revenue 1.43x 1.2x 1.71x 2.18x 2.91x 2.55x 2.3x 2.16x
EV / EBITDA 5.54x 5.08x 6.85x 8.62x 11.4x 10x 8.82x 8.09x
EV / EBIT 8.33x 7.4x 9.69x 11.4x 15.9x 13.8x 12x 10.9x
EV / FCF 10.9x 11.7x 12.5x 15.1x 26.5x 20.2x 15.7x 14.6x
FCF Yield 9.14% 8.57% 8.03% 6.61% 3.78% 4.94% 6.37% 6.86%
Dividend per Share 2 2.2 2.5 2.8 3.1 1.7 1.881 2.085 2.297
Rate of return 4.73% 5.22% 4.24% 3.55% 2.19% 2.76% 3.06% 3.37%
EPS 2 3.73 5.46 5.35 5.22 23.79 3.618 4.192 4.612
Distribution rate 59% 45.8% 52.3% 59.4% 7.15% 52% 49.7% 49.8%
Net sales 1 26,834 29,189 27,009 26,407 15,724 16,898 18,388 19,268
EBITDA 1 6,932 6,912 6,737 6,677 3,992 4,287 4,790 5,146
EBIT 1 4,612 4,752 4,760 5,049 2,876 3,118 3,532 3,827
Net income 1 2,298 3,308 3,060 2,926 13,179 2,022 2,324 2,562
Net Debt 1 9,977 6,032 7,896 8,448 3,785 5,374 4,591 3,977
Reference price 2 46.51 47.88 66.02 87.36 77.76 68.10 68.10 68.10
Nbr of stocks (in thousands) 611,712 608,010 579,125 561,823 538,766 553,125 - -
Announcement Date 2/25/22 2/24/23 2/28/24 2/28/25 2/27/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.2x1.77x8.7x1.82% 57.06B
18.81x2.55x10.04x2.76% 45.43B
33.54x6.06x18.42x0.69% 35.77B
34.32x3.39x18.03x1.13% 34.53B
30.24x4.63x15.74x0.8% 34.01B
11.74x1.41x6.58x2.62% 29B
16.38x2.05x8.3x1.34% 21.92B
66.91x4.15x64.3x0.34% 20.71B
14.8x4.79x9.65x2.68% 18.07B
Average 26.88x 3.42x 17.75x 1.58% 32.95B
Weighted average by Cap. 25.25x 3.26x 15.68x 1.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Holcim AG

Historical PBR trend

Valuation ratios - PBR - Holcim AG

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Holcim AG

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Holcim AG


Year-on-year evolution of the Yield

Valuation ratios - Yield - Holcim AG