AlphaValue Corporate Services
COVERAGE ABOUT US CONTACT FR
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

CR 		Bloomberg   CEM IM
Cement & Aggregates  /  Italy  Web Site   |   Investors Relation
Also operates in : Holding Companies
Positioned in a niche market
Target
Upside 33.3%
Price (€) 9.7
Target Price (€) 12.9
Market Cap (€M) 1,543
Perf. 1W: -3.58%
Perf. 1M: 3.08%
Perf. 3M: 2.54%
Perf Ytd: 1.68%
10 day relative perf. to stoxx600: -3.65%
20 day relative perf. to stoxx600: 4.25%
Opinion change29/07/2021
Download

Change in OpinionBuy vs Add

Change in EPS2021 : € 0.76 vs 0.69+9.44%
2022 : € 0.85 vs 0.79+8.28%

Following a good set of H1 results, along with strong demand momentum and updated guidance, we have revised our estimates upwards. We now assume the FY21 revenue and EBITDA to be €1.35bn and €297m respectively, and estimate them to grow by 6.3% and 7.7% CAGR respectively over 2020-23. As a result, our EPS for FY21 and FY22 have been positively impacted.
Updates

06 May 22 Earnings/sales releases
Q1 22: profitability outpacing cost inflation

22 Mar 22 EPS change
We have updated our model following the FY21...

09 Feb 22 Earnings/sales releases
FY 21: EBITDA at all-time high level

12 Nov 21 Earnings/sales releases
9M 21: well managed cost inflation

03 Nov 21 ESG related
Cementir Holding accelerating from grey to green

29 Jul 21 Earnings/sales releases
H1 21: all regions in recovery mode

29 Jul 21 Opinion change
Following a good set of H1 results, along wi...

06 May 21 Earnings/sales releases
Q1 21: growth momentum continues

16 Mar 21 Opinion change
Following the group's full FY20 results, we have...

10 Mar 21 Earnings/sales releases
FY20 results - a Turkish Delight

Next1234Next
.