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Amrize Ltd
(NYSE:AMRZ)
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Rating:68Neutral
Price Target:
$45.00
â–²(2.25% Upside)
Action:Reiterated
Date:10/30/26
AMRZ scores as above-average primarily due to solid financial performance (strong growth, good margins, improved leverage) and a supportive earnings-call outlook with achievable 2026 guidance and ongoing savings/pricing initiatives. The score is held back by weakening cash conversion/free cash flow trends, mixed longer-term technicals with overbought signals, and a valuation that looks somewhat demanding relative to its dividend support.
Positive Factors
Pricing and cost savings
Pricing execution, surcharges and procurement savings are supporting margins despite cost inflation, giving Amrize levers to protect profitability. ASPIRE savings and positive Building Materials price-over-cost performance can reinforce earnings quality and margin resilience over coming quarters.
Negative Factors
Weakening cash conversion
Although Amrize remains cash generative, declining free cash flow and weaker operating cash conversion reduce the quality and flexibility of reported earnings. Continued investment may eventually support growth, but currently it limits internally funded returns and near-term financial comfort.
Read all positive and negative factors
Positive Factors
Negative Factors
Pricing and cost savings
Pricing execution, surcharges and procurement savings are supporting margins despite cost inflation, giving Amrize levers to protect profitability. ASPIRE savings and positive Building Materials price-over-cost performance can reinforce earnings quality and margin resilience over coming quarters.
Read all positive factors
Amrize Ltd (AMRZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.63B
Dividend Yield1.59%
Average Volume (3M)3.79M
Price to Earnings (P/E)24.1
Beta (1Y)0.67
Revenue Growth3.86%
EPS Growth4.25%
CountryUS
Employees19,000
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)2.23
Shares Outstanding546,925,660
10 Day Avg. Volume4,207,660
30 Day Avg. Volume3,794,792
Financial Highlights & Ratios
PEG Ratio-3.63
Price to Book (P/B)2.26
Price to Sales (P/S)2.53
P/FCF Ratio21.08
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue2.20
Enterprise Value/Gross Profit8.89
Enterprise Value/Ebitda9.34
Forecast
1Y Price Target
$45.82Price Target Upside4.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)2.44
Revenue Forecast (FY)$12.51B
Amrize Ltd Business Overview & Revenue Model
Company Description
Amrize AG engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada. It operates through two segments, Building Materials and Building Envelope. The Buil...
Amrize Ltd Earnings Call Summary
Earnings Call Date:Oct 28, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Positive
The call was broadly positive, supported by revenue, net income and EPS growth; strong pricing execution; Building Materials margin expansion; successful acquisitions; ASPIRE savings; robust liquidity; and a substantial long-term project pipeline. However, weather-related volume declines, residential roofing weakness, a 14.6% Building Envelope EBITDA decline, persistent cost inflation, delayed Building Envelope price-cost recovery and below-target cash conversion created meaningful challenges. Highlights significantly outweighed the lowlights.Positive Updates
Revenue, Net Income and EPS Growth
Third-quarter revenue increased 2.2%, net income grew 3.3% to $558 million, adjusted EBITDA increased slightly to $1.1 billion, and diluted earnings per share rose 4.1% to $1.02.
Negative Updates
Weather-Related Volume Pressure
Weather patterns, particularly in the Northeast, South and Central regions, pressured construction volumes. Cement and aggregates were most affected, and total volume performance represented a $69 million year-over-year headwind.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue, Net Income and EPS Growth
Third-quarter revenue increased 2.2%, net income grew 3.3% to $558 million, adjusted EBITDA increased slightly to $1.1 billion, and diluted earnings per share rose 4.1% to $1.02.
Read all positive updates
Company Guidance
For 2026, Amrize expects cement pricing to be positive in the fourth quarter and to be flat to low single digit for the full year, aggregates pricing at mid-single-digit growth for the full year, softer volumes in Building Materials in the fourth quarter, and price over cost positive in Building Materials; in Building Envelope, normal seasonal destocking patterns are expected to weigh on fourth quarter shingle demand, with further improvements in the price over cost spread in the fourth quarter versus the third quarter, while price over cost positivity is expected in 2027. ASPIRE remains on track to deliver $80 million in savings in 2026, and the company now expects 2026 revenues of $12.2 billion to $12.4 billion and EBITDA of $2.95 billion to $3.05 billion; 2027 is expected to be a year of growth, with price momentum continuing, although the global situation and inflation remain uncertain.Amrize Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.28B | 11.81B | 11.70B | 11.68B | 10.73B |
| Gross Profit | 3.04B | 3.03B | 3.07B | 2.77B | 2.47B |
| EBITDA | 2.90B | 2.82B | 3.02B | 2.70B | 2.50B |
| Net Income | 1.22B | 1.19B | 1.27B | 956.00M | 1.11B |
Balance Sheet | |||||
| Total Assets | 24.36B | 24.25B | 23.52B | 23.05B | 20.67B |
| Cash, Cash Equivalents and Short-Term Investments | 299.00M | 1.92B | 1.82B | 1.11B | 351.00M |
| Total Debt | 6.50B | 5.91B | 5.79B | 9.52B | 8.66B |
| Total Liabilities | 11.60B | 10.99B | 10.21B | 13.84B | 12.46B |
| Stockholders Equity | 12.76B | 13.25B | 13.31B | 9.20B | 8.21B |
Cash Flow | |||||
| Free Cash Flow | 1.08B | 1.42B | 1.64B | 1.41B | 1.50B |
| Operating Cash Flow | 2.03B | 2.21B | 2.28B | 2.04B | 1.99B |
| Investing Cash Flow | -1.35B | -361.00M | -1.21B | -2.02B | -2.52B |
| Financing Cash Flow | -1.21B | -1.55B | -537.00M | 734.00M | 497.00M |
Amrize Ltd Technical Analysis
Neutral
44.01
Price Trends
39.72
Positive
45.08
Negative
50.26
Negative
Market Momentum
0.44
Negative
66.93
Neutral
89.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMRZ, the sentiment is Neutral. The current price of 44.01 is above the 20-day moving average (MA) of 38.23, above the 50-day MA of 39.72, and below the 200-day MA of 50.26, indicating a neutral trend. The MACD of 0.44 indicates Negative momentum. The RSI at 66.93 is Neutral, neither overbought nor oversold. The STOCH value of 89.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AMRZ.
Amrize Ltd Risk Analysis
Amrize Ltd disclosed 2 risk factors in its most recent earnings report. Amrize Ltd reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
Amrize Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $38.38B | 13.25 | 23.11% | 0.62% | 0.06% | 125.23% | |
70 Outperform | $60.41B | 17.01 | 14.90% | 1.70% | 5.58% | 5.51% | |
69 Neutral | $16.29B | 25.41 | 4.98% | 1.00% | 9.60% | -55.05% | |
69 Neutral | $36.10B | 33.21 | 13.04% | 0.73% | 1.61% | 0.24% | |
68 Neutral | $22.63B | 24.15 | 10.79% | 1.59% | 3.86% | 4.25% | |
62 Neutral | $5.63B | 14.44 | 26.87% | 0.54% | 1.68% | -7.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AMRZ
Amrize Ltd
41.38
-9.83
-19.19%
CX
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10.70
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EXP
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MLM
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-11.36%
VMC
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281.25
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CRH
CRH plc
90.81
-26.57
-22.63%
Amrize Ltd Corporate Events
Executive/Board Changes
Amrize Ltd Appoints Zane Nielsen Chief Accounting Officer
Positive
Sep 1, 2026
On August 28, 2026, Amrize Ltd’s board appointed 49-year-old Zane Nielsen as Chief Accounting Officer and Corporate Controller, effective September 1, 2026, succeeding Richard Hoffman as the company’s principal accounting officer. Niel...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.