HEI.DE · Heidelberg Materials AG

DAX · XETRA

Risiko 6/10 · Carbon-Cost Cyclical · €169.30 ▲ 0.18%

Kennzahlen

• Price €169.30
• Market cap €29.9B
• P/E (ttm) 15.16
• Div yield 2.13%
• 52-wk range €159.70 – €241.80

Wichtigste Risiken

• EU ETS carbon cost escalation (cement is ~8% of EU emissions) (Cost base and competitiveness) — HIGH
• European residential/commercial construction downturn (Volume and pricing in core markets) — HIGH
• Leverage from acquisitions in a rising-rate environment (Balance sheet and refinancing) — MED
• Geopolitical exposure in EM (Africa, Middle East) (Asset security and cash repatriation) — MED

Fazit

Pricing discipline and aggregates mix have defended margins well, but EU carbon costs are a rising structural headwind that no cement maker can fully offset.

Interaktive Analyse öffnen → Teilen

Recherche, keine Anlageberatung.