AlphaValue Corporate Services Fundamental Analysis FR
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AlphaValue Corporate Services
This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II

Cementir Holding

Bloomberg   CEM IM
Cement & Aggregates  /  Italy  Web Site   |   Investors Relation
Also operates in : Holding Companies
White knight in a green armour
  • Cementir is about white cement, a niche that offers growth and better margins as a higher value-added product. It controls 20% of the addressable market
  • It has an excellent record at pivoting assets and making those sweat with Denmark, the US and Belgium as the current hubs
  • The family-controlled business appears to be run as a tight ship with a long-term view
  • Absolute market size is capped in white cement so that Cementir relies on Belgian and Danish assets to grow local grey cement franchises
  • As a family business, it leaves no room for third-party openings and suffers from a limited float
  • Cementir will see a trough in its net profit in 2019
Upside 14.2%
Price (€) 9.13
Market Cap (€M) 1,453
Perf. 1W: 2.35%
Perf. 1M: 3.05%
Perf. 3M: 1.90%
Perf Ytd: 39.3%
10 day relative perf. to stoxx600: 2.73%
20 day relative perf. to stoxx600: 2.85%