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Cementir Holding S.p.A.
(CEM)
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Rating:70Outperform
Price Target:
€15.00
▲(2.32% Upside)
Action:Reiterated
Date:09/13/26
The score is driven primarily by strong financial performance (low leverage and resilient margins) and attractive valuation (low P/E with a dividend). These positives are partially offset by weak technical conditions (price below key moving averages with negative MACD) and the noted 2025 free-cash-flow volatility, which reduces near-term confidence.
Positive Factors
Improving Balance Sheet
Material debt reduction alongside equity growth has strengthened Cementir’s financial position and reduced leverage. This provides greater flexibility to fund operations, withstand weaker construction conditions, and pursue investment without relying as heavily on external financing.
Negative Factors
Free Cash Flow Volatility
The sharp 2025 deterioration in free-cash-flow growth reduces confidence in the consistency of cash conversion. Even with positive operating cash flow, swings from working capital or higher investment outflows could constrain distributions, deleveraging, or funding available for growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Balance Sheet
Material debt reduction alongside equity growth has strengthened Cementir’s financial position and reduced leverage. This provides greater flexibility to fund operations, withstand weaker construction conditions, and pursue investment without relying as heavily on external financing.
Read all positive factors
Cementir Holding S.p.A. (CEM) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€2.11B
Dividend Yield2.23%
Average Volume (3M)114.81K
Price to Earnings (P/E)7.6
Beta (1Y)0.59
Revenue Growth-1.84%
EPS Growth9.37%
CountryIT
Employees2,969
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)1.30
Shares Outstanding159,120,000
10 Day Avg. Volume63,492
30 Day Avg. Volume114,809
Financial Highlights & Ratios
PEG Ratio6.12
Price to Book (P/B)1.58
Price to Sales (P/S)1.78
P/FCF Ratio11.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.22
Revenue Forecast (FY)€1.68B
Cementir Holding S.p.A. Business Overview & Revenue Model
Company Description
Cementir Holding N.V., through its subsidiaries, manufactures and supplies a broad spectrum of construction materials, including grey and white cement, ready-mix concrete, aggregates, and precast concrete items. The company operates across numerou...
How the Company Makes Money
Cementir primarily makes money by manufacturing and selling cement and clinker to distributors, construction companies, and concrete producers, with revenue largely driven by sales volumes and pricing in its end-markets. A second major source of r...
Cementir Holding S.p.A. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.99B | 1.64B | 1.69B | 1.70B | 1.72B | 1.37B |
| Gross Profit | 793.31M | 612.99M | 978.92M | 967.88M | 919.68M | 817.50M |
| EBITDA | 468.00M | 437.92M | 439.28M | 434.12M | 371.68M | 290.24M |
| Net Income | 202.22M | 206.41M | 201.64M | 201.36M | 162.29M | 113.32M |
Balance Sheet | ||||||
| Total Assets | 2.87B | 2.85B | 2.76B | 2.52B | 2.49B | 2.11B |
| Cash, Cash Equivalents and Short-Term Investments | 424.32M | 618.78M | 503.24M | 412.39M | 355.76M | 282.54M |
| Total Debt | 153.80M | 160.20M | 183.15M | 189.02M | 297.67M | 318.74M |
| Total Liabilities | 820.47M | 878.30M | 899.34M | 871.36M | 971.20M | 883.50M |
| Stockholders Equity | 1.93B | 1.85B | 1.72B | 1.50B | 1.37B | 1.09B |
Cash Flow | ||||||
| Free Cash Flow | 311.12M | 251.75M | 216.26M | 193.81M | 176.33M | 137.30M |
| Operating Cash Flow | 357.86M | 336.95M | 343.90M | 300.38M | 281.40M | 218.98M |
| Investing Cash Flow | -9.03M | -46.26M | -109.32M | -91.76M | -138.98M | -72.67M |
| Financing Cash Flow | -35.68M | -125.12M | -164.20M | -139.01M | -70.27M | -284.40M |
Cementir Holding S.p.A. Technical Analysis
Negative
14.66
Price Trends
14.40
Negative
14.47
Negative
15.58
Negative
Market Momentum
-0.28
Positive
35.50
Neutral
10.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CEM, the sentiment is Negative. The current price of 14.66 is above the 20-day moving average (MA) of 13.88, above the 50-day MA of 14.40, and below the 200-day MA of 15.58, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 35.50 is Neutral, neither overbought nor oversold. The STOCH value of 10.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:CEM.
Cementir Holding S.p.A. Peers Comparison
UnderperformOutperform
Sector (55)
IT:CEM
Cementir Holding S.p.A.
13.45
-0.25
-1.85%
IT:BZU
Buzzi SpA
37.48
-8.35
-18.22%
IT:CALT
Caltagirone SPA
9.80
1.62
19.76%
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.