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Holcim Ltd Unsponsored ADR
(OTC:HCMLY)
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Rating:65Neutral
Price Target:
$16.50
â–¼(-6.94% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily supported by solid financial performance driven by strong operating cash flow/free cash flow and stable operating margins, plus a positive earnings-call update featuring upgraded 2026 guidance. Offsetting these are weak technical conditions (price below key moving averages and negative MACD) and unfavorable valuation signals (high P/E alongside a very high dividend yield that looks harder to justify given volatile/weak TTM net income).
Positive Factors
Strong Cash Generation
Holcim’s substantial operating and free cash flow provides financial flexibility to fund capital expenditure, service debt, support capital returns, and pursue growth initiatives. Persistently positive cash generation also gives the business greater resilience through construction-cycle volatility.
Negative Factors
Weak and Volatile Net Income
The sharp decline in reported net income indicates meaningful volatility below the operating line and reduces confidence that operating profitability converts consistently into shareholder earnings. This can constrain dividends, reinvestment, and the reliability of longer-term earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Holcim’s substantial operating and free cash flow provides financial flexibility to fund capital expenditure, service debt, support capital returns, and pursue growth initiatives. Persistently positive cash generation also gives the business greater resilience through construction-cycle volatility.
Read all positive factors
Holcim Ltd Unsponsored ADR (HCMLY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.55B
Dividend Yield71.68%
Average Volume (3M)21.20K
Price to Earnings (P/E)60.6
Beta (1Y)1.17
Revenue Growth-19.54%
EPS Growth-85.61%
CountryUS
Employees45,536
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-0.32
Shares Outstanding2,834,377,700
10 Day Avg. Volume20,875
30 Day Avg. Volume21,201
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.77
Price to Sales (P/S)2.71
P/FCF Ratio25.88
Enterprise Value/Market Cap1.45
Enterprise Value/Revenue3.05
Enterprise Value/Gross Profit7.27
Enterprise Value/Ebitda13.54
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.9
Revenue Forecast (FY)$20.50B
Holcim Ltd Unsponsored ADR Business Overview & Revenue Model
Company Description
Holcim Ltd, a venerable company founded in 1833 and headquartered in Zug, Switzerland, functions as a global provider of construction materials and innovative solutions. Its expansive operations span across major regions, including Asia Pacific, E...
How the Company Makes Money
Holcim makes money primarily by producing and selling building materials and related solutions to customers in construction and infrastructure. Its key revenue streams include: (1) Cement: revenue from sales of cement to concrete producers, contra...
Holcim Ltd Unsponsored ADR Earnings Call Summary
Earnings Call Date:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call presented strong operational and financial momentum: solid organic sales and double-digit recurring EBIT growth, upgraded full-year guidance, successful value-accretive M&A (Xella, Pacasmayo), material sustainability gains (36% increase in recycled materials, >70% alternative fuel use in Europe) and clear AI targets for productivity. Offsetting these positives are manageable near-term issues: country-specific softness (UK, Argentina), mix effects and integration/onboarding costs (including margin dilution from divestments and acquisitions), FX headwinds, and some one-off provisions. On balance the positives—broad-based growth, margin expansion drivers, upgraded guidance and strategic initiatives—outweigh the lowlights.Positive Updates
Strong Organic Net Sales Growth
Organic net sales up 5.2% in H1 2026 and 6.4% in Q2 2026, contributing ~CHF 390 million in organic growth for the first half.
Negative Updates
Country-Specific Weaknesses — UK, Argentina, Colombia Effects
UK residential remained soft in H1; Argentina showed softer performance; Colombia volumes impacted by election uncertainty, contributing to weaker Q2 volume trends in parts of LatAm.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Organic Net Sales Growth
Organic net sales up 5.2% in H1 2026 and 6.4% in Q2 2026, contributing ~CHF 390 million in organic growth for the first half.
Read all positive updates
Company Guidance
Holcim upgraded its 2026 guidance after a strong H1, targeting organic net sales growth at the high end of NextGen (c.5% organic net sales growth) and organic recurring EBIT growth at the high end (c.10%), together with a further increase in recurring EBIT margin (broadly flat through the first 9 months before full‑year expansion), free cash flow around CHF 2.0 billion, and a year‑end leverage of roughly 1.6x (near the 1.5x target) while maintaining a bolt‑on M&A run‑rate of ~CHF 0.5bn p.a.; management reiterated continued positive price‑over‑cost (17th consecutive quarter), plans to grow recycled construction & demolition volumes (up 36% in H1) and alternative fuel use (>70% in Europe H1), and flagged strategic contributions from recent deals (Xella ~CHF 900m and Pacasmayo ~CHF 500m projected 2026 sales) and AI benefits of ~CHF 200m by 2028 (with ~CHF 20m p.a. investment).Holcim Ltd Unsponsored ADR Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
67
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.81B | 15.72B | 26.41B | 27.01B | 29.19B | 26.83B |
| Gross Profit | 8.30B | 6.66B | 11.68B | 11.50B | 11.61B | 11.54B |
| EBITDA | 4.46B | 3.51B | 6.83B | 6.82B | 6.35B | 6.42B |
| Net Income | 150.93M | 804.15M | 2.93B | 3.06B | 3.31B | 2.30B |
Balance Sheet | ||||||
| Total Assets | 36.14B | 33.64B | 54.28B | 52.69B | 57.60B | 59.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.59B | 5.45B | 5.35B | 6.09B | 9.83B | 6.69B |
| Total Debt | 10.91B | 9.52B | 12.92B | 13.12B | 14.91B | 16.61B |
| Total Liabilities | 19.51B | 17.54B | 26.33B | 25.90B | 27.99B | 29.41B |
| Stockholders Equity | 15.75B | 15.39B | 27.24B | 26.00B | 28.67B | 27.68B |
Cash Flow | ||||||
| Free Cash Flow | 2.78B | 1.65B | 4.02B | 3.96B | 3.01B | 3.51B |
| Operating Cash Flow | 4.24B | 2.66B | 5.67B | 5.47B | 4.56B | 5.04B |
| Investing Cash Flow | -3.41B | -1.87B | -2.04B | -3.47B | 2.08B | -4.71B |
| Financing Cash Flow | -779.96M | -60.17M | -4.37B | -5.22B | -3.25B | 1.11B |
Holcim Ltd Unsponsored ADR Technical Analysis
Negative
17.73
Price Trends
17.02
Negative
17.82
Negative
18.17
Negative
Market Momentum
-0.53
Positive
35.17
Neutral
16.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HCMLY, the sentiment is Negative. The current price of 17.73 is above the 20-day moving average (MA) of 16.01, above the 50-day MA of 17.02, and below the 200-day MA of 18.17, indicating a bearish trend. The MACD of -0.53 indicates Positive momentum. The RSI at 35.17 is Neutral, neither overbought nor oversold. The STOCH value of 16.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HCMLY.
Holcim Ltd Unsponsored ADR Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $53.92B | 14.19 | 16.26% | 1.90% | 6.29% | 18.35% | |
70 Outperform | $33.89B | 11.70 | 23.11% | 0.70% | 0.06% | 125.23% | |
70 Outperform | $31.77B | 28.84 | 13.11% | 0.84% | 6.86% | 18.35% | |
68 Neutral | $2.41B | 13.61 | 16.96% | 1.22% | 5.46% | 7.16% | |
65 Neutral | $41.55B | 60.62 | 3.74% | 71.68% | -19.54% | -85.61% | |
65 Neutral | $14.59B | 28.85 | 3.67% | 1.12% | 9.40% | -67.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
HCMLY
Holcim Ltd Unsponsored ADR
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-8.77%
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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.