Company Valuation: Holcim Ltd

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 36,993 - -
Change - 2.32% 31.34% 28.37% -14.64% -11.7% - -
Enterprise Value (EV) 1 38,428 35,144 46,130 57,529 45,679 42,313 41,465 40,516
Change - -8.55% 31.26% 24.71% -20.6% -7.37% -2.01% -2.29%
P/E 12.5x 8.77x 12.3x 16.7x 3.27x 19.1x 16.5x 15x
PBR 1.02x 0.98x 1.45x 1.8x 2.8x 2.23x 2.11x 1.99x
PEG - 0.2x -6.11x -6.87x 0x -0.2x 1x 1.57x
Capitalization / Revenue 1.06x 1x 1.42x 1.86x 2.66x 2.19x 2.01x 1.92x
EV / Revenue 1.43x 1.2x 1.71x 2.18x 2.91x 2.51x 2.26x 2.1x
EV / EBITDA 5.54x 5.08x 6.85x 8.62x 11.4x 9.87x 8.63x 7.85x
EV / EBIT 8.33x 7.4x 9.69x 11.4x 15.9x 13.6x 11.7x 10.6x
EV / FCF 10.9x 11.7x 12.5x 15.1x 26.5x 24.1x 16.5x 15.3x
FCF Yield 9.14% 8.57% 8.03% 6.61% 3.78% 4.15% 6.07% 6.55%
Dividend per Share 2 2.2 2.5 2.8 3.1 1.7 1.881 2.079 2.291
Rate of return 4.73% 5.22% 4.24% 3.55% 2.19% 2.81% 3.11% 3.43%
EPS 2 3.73 5.46 5.35 5.22 23.79 3.496 4.06 4.447
Distribution rate 59% 45.8% 52.3% 59.4% 7.15% 53.8% 51.2% 51.5%
Net sales 1 26,834 29,189 27,009 26,407 15,724 16,891 18,384 19,263
EBITDA 1 6,932 6,912 6,737 6,677 3,992 4,287 4,802 5,159
EBIT 1 4,612 4,752 4,760 5,049 2,876 3,121 3,547 3,839
Net income 1 2,298 3,308 3,060 2,926 13,179 1,954 2,256 2,485
Net Debt 1 9,977 6,032 7,896 8,448 3,785 5,320 4,471 3,523
Reference price 2 46.51 47.88 66.02 87.36 77.76 66.88 66.88 66.88
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.($)
19.06x2.51x9.93x2.82% 44.79B
15.03x1.76x8.63x1.84% 56.48B
34.68x6.09x18.42x0.68% 36.02B
34.01x3.36x17.88x1.14% 34.24B
30.15x4.62x15.67x0.8% 33.91B
11.69x1.4x6.56x2.63% 29.03B
16.09x2.02x8.18x1.36% 21.55B
66.76x4.14x64.15x0.35% 20.68B
16.43x5.18x10.66x2.58% 19.57B
26.21x3.42x11.89x-.--% 15.36B
Average 27.01x 3.45x 17.20x 1.42% 31.16B
Weighted average by Cap. 25.44x 3.29x 15.48x 1.55%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Holcim Ltd

Historical PBR trend

Valuation ratios - PBR - Holcim Ltd

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Holcim Ltd

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Holcim Ltd


Year-on-year evolution of the Yield

Valuation ratios - Yield - Holcim Ltd
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