- Holcim’s first-half (1H) sales for 2024 came in at CHF12.81 billion, below the estimated CHF13.07 billion.
- European sales were CHF3.60 billion, slightly missing the estimate of CHF3.66 billion.
- Latin American revenue exceeded expectations, reaching CHF1.45 billion against the estimate of CHF986.4 million.
- Revenue from the Middle East and Africa amounted to CHF1.77 billion.
- North American revenue was on target at CHF2.02 billion.
- Recurring EBIT for the company was CHF2.21 billion, surpassing the estimate of CHF2.13 billion.
- Europe’s recurring EBIT stood at CHF606 million, higher than the expected CHF567 million.
- Latin America’s recurring EBIT was CHF519 million, above the estimate of CHF508.8 million.
- Middle East and Africa’s recurring EBIT reached CHF444 million.
- Analyst ratings include 10 buys, 14 holds, and 3 sells.
Holcim on Smartkarma
Analysts on Smartkarma, such as Jesus Rodriguez Aguilar, are providing insightful coverage on Holcim. In a report titled “Value from US Spin-Off,” Rodriguez Aguilar notes that Holcim intends to spin-off and list its North American business in the US. This move is expected to be value accretive and could potentially lead to a 25.7% upside. Following the Holcim/Lafarge merger, the company’s share price performance has lagged behind its competitors. By valuing the RoW business at lower European multiples, Rodriguez Aguilar estimates a fair value of CHF 84.47 per share, showcasing the potential for significant growth.
A look at Holcim Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts are optimistic about the long-term outlook for Holcim Ltd., a company that provides building materials globally. The company has received positive Smart Scores across various factors, with a strong rating in Value, Dividend, and Growth, indicating high potential in these areas. Additionally, Holcim shows robust momentum, suggesting positive performance trends. However, there is a slightly lower score in Resilience, implying some level of vulnerability to market fluctuations. Overall, the Smart Scores highlight Holcim’s solid fundamentals and growth prospects in the building materials industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
