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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 31.9%
Price (€) 9.85
Target Price (€) 13.0
Market Cap (€M) 1,567
Perf. 1W: -1.30%
Perf. 1M: -0.71%
Perf. 3M: 2.07%
Perf Ytd: 3.25%
10 day relative perf. to stoxx600: -2.86%
20 day relative perf. to stoxx600: -0.34%
EPS change22/03/2022
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Change in EPS2022 : € 0.82 vs 0.85-3.34%
2023 : € 0.88 vs 0.90-2.03%

We have updated our model following the FY21 results announcement. 2021 EPS is down by €0.04, the difference arising mainly from the net exchange rate losses of €13.6m. In addition, we have lowered our earnings estimates for 2022 and 2023 (estimated EPS down by €0.03 and €0.02 respectively) given the unfavourable backdrop of energy price inflation.
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

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