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Holcim Ltd HOLN Stock Quote

| Rating as of

Morningstar‘s Stock Analysis HOLN

Valuation
Currency in CHF
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Our Investment Thesis for Holcim Remains Intact Following Strong H1 and Guidance Upgrade; 30% Upside

Matthew Donen, CFA Equity Analyst

Analyst Note

| Matthew Donen, CFA |

Narrow-moat Holcim successfully offset significant cost inflation, which exceeded CHF 1 billion, to deliver 13% organic revenue growth and 6% EBIT growth during the first half of the year. Growth was driven by price increases and strong demand for Holcim’s downstream solutions & products segment, which is becoming an increasing part of the business and now contributes 18% of group sales. The shift in business mix and ability to raise prices to help offset inflation confirms our investment thesis, which, combined with the group’s shareholder-friendly capital return, we believe will lead to attractive shareholder returns. We reiterate our CHF 56 fair value estimate and view shares as undervalued.

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Key Statistics HOLN

Company Profile HOLN

Business Description

Holcim is a global manufacturer of construction materials such as cement, aggregates and concrete. The company is the result of a merger between Lafarge and Holcim, completed in 2015, which created a leader in the building materials sector. LafargeHolcim has a global presence, operating in over 70 countries with 72,000 employees. The company also has significant investments in ACC Limited and Ambuja Cement, two major cement players listed in India.

Contact
Grafenauweg 10
Zug, CH-6300, Switzerland
T +41 588585858
Industry Building Materials
Most Recent Earnings Dec 31, 2017
Fiscal Year End Dec 31, 2022
Stock Type
Employees 69,672