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Heidelberg Materials
(XETRA:HEI)
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Rating:65Neutral
Price Target:
€152.00
▼(-6.29% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by improving profitability, decreasing leverage, and steady cash generation. This is tempered by weak technical momentum (price below major moving averages with negative MACD) and top-line growth concerns, while a reasonable P/E and moderate dividend yield provide partial support.
Positive Factors
Improving Profitability
The sustained improvement in net margin indicates Heidelberg Materials has restored stronger earnings quality after weaker historical performance. If maintained, higher profitability can support reinvestment, improve resilience to cost pressures, and strengthen the company’s ability to compound earnings over coming quarters.
Negative Factors
Stagnant Revenue
Broadly unchanged revenue suggests limited top-line expansion despite the company’s global construction materials footprint. Without renewed volume, pricing, or mix growth, future earnings improvement may depend mainly on efficiency and margin actions, which can be harder to sustain over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The sustained improvement in net margin indicates Heidelberg Materials has restored stronger earnings quality after weaker historical performance. If maintained, higher profitability can support reinvestment, improve resilience to cost pressures, and strengthen the company’s ability to compound earnings over coming quarters.
Read all positive factors
Heidelberg Materials (HEI) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€25.48B
Dividend Yield2.54%
Average Volume (3M)488.08K
Price to Earnings (P/E)12.7
Beta (1Y)0.99
Revenue Growth0.38%
EPS Growth7.48%
CountryDE
Employees50,603
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)7.55
Shares Outstanding176,365,070
10 Day Avg. Volume570,422
30 Day Avg. Volume488,079
Financial Highlights & Ratios
PEG Ratio1.92
Price to Book (P/B)2.17
Price to Sales (P/S)1.83
P/FCF Ratio20.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€229.88Price Target Upside41.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)12.74
Revenue Forecast (FY)€22.34B
Heidelberg Materials Business Overview & Revenue Model
Company Description
HeidelbergCement AG is a global manufacturer and distributor of essential construction materials. The company's product line includes various cement formulations, a wide array of aggregates encompassing natural stone like sand and gravel, as well ...
How the Company Makes Money
Heidelberg Materials makes money primarily by manufacturing and selling construction materials used as inputs to building and infrastructure projects. Its key revenue streams typically include: (1) Cement: Revenue from selling cement and related b...
Heidelberg Materials Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.46B | 21.20B | 21.18B | 21.10B | 18.72B |
| Gross Profit | 6.63B | 13.52B | 13.12B | 12.43B | 11.50B |
| EBITDA | 4.29B | 4.25B | 4.30B | 3.37B | 3.32B |
| Net Income | 1.94B | 1.78B | 1.93B | 1.60B | 1.76B |
Balance Sheet | |||||
| Total Assets | 36.14B | 37.30B | 35.47B | 33.26B | 33.71B |
| Cash, Cash Equivalents and Short-Term Investments | 2.63B | 3.22B | 3.30B | 1.47B | 3.13B |
| Total Debt | 8.11B | 8.56B | 8.62B | 7.11B | 8.02B |
| Total Liabilities | 16.84B | 17.33B | 17.10B | 15.63B | 17.05B |
| Stockholders Equity | 18.16B | 18.80B | 17.24B | 16.54B | 15.44B |
Cash Flow | |||||
| Free Cash Flow | 1.89B | 1.91B | 1.88B | 1.08B | 976.50M |
| Operating Cash Flow | 3.25B | 3.23B | 3.21B | 2.42B | 2.40B |
| Investing Cash Flow | -2.21B | -1.81B | -1.48B | -1.48B | 619.80M |
| Financing Cash Flow | -1.55B | -1.45B | 134.60M | -2.54B | -2.84B |
Heidelberg Materials Technical Analysis
Negative
162.20
Price Trends
158.33
Negative
167.65
Negative
181.99
Negative
Market Momentum
-5.18
Positive
31.33
Neutral
13.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HEI, the sentiment is Negative. The current price of 162.2 is above the 20-day moving average (MA) of 150.84, above the 50-day MA of 158.33, and below the 200-day MA of 181.99, indicating a bearish trend. The MACD of -5.18 indicates Positive momentum. The RSI at 31.33 is Neutral, neither overbought nor oversold. The STOCH value of 13.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:HEI.
Heidelberg Materials Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €28.52B | 15.50 | 9.23% | 3.04% | -3.47% | -5.47% | |
74 Outperform | €44.57B | 7.53 | 17.00% | 4.48% | -8.88% | 1431.12% | |
65 Neutral | €25.48B | 12.66 | 11.07% | 2.54% | 0.38% | 7.48% | |
64 Neutral | €9.25B | 78.81 | 1.49% | 4.91% | -4.03% | -71.46% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €3.03B | 47.52 | 1.27% | 0.39% | -5.60% | ― | |
54 Neutral | €9.08B | 31.72 | 3.04% | 1.02% | -2.22% | ― |
* General Sector Average
DE:HEI
Heidelberg Materials
141.75
-45.90
-24.46%
DE:BAS
BASF SE
50.18
9.13
22.24%
DE:EVK
Evonik
20.38
6.41
45.94%
DE:HEN
Henkel AG & Co. KGaA
67.35
6.48
10.64%
DE:SZG
Salzgitter
50.85
22.20
77.47%
DE:TKA
thyssenkrupp
14.64
5.50
60.14%
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.