HeidelbergCement AG - HEI.DE

HEI.DE Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
HEI.DE	2.1	8.5	14.4	41.7	37.4	65.4	128.4	110.8	109.5	89.4
S&P 500	-0.4	1.6	0.8	4.8	12.2	25.1	38.1	84.8	196.1	34391.7

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	HEI.DE
name	HeidelbergCement AG
price	137.25
changes percentage	2.0826
change	2.8
day low	134.95
day high	137.3
year high	137.3
year low	81.94
market cap	24860274768
price avg 50	122.333
price avg 200	103.61915
exchange	XETRA
volume	642884
avg volume	348075
open	135.15
previous close	134.45
eps	10.11
pe	13.58
earnings announcement	2025-02-25T07:30:00.000+0000
shares outstanding	181131328
timestamp	2025-01-24 16:41:13

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 70.0%

Overall Quarterly Financial Health: 41.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	21177600000	21095100000	0.39
gross profit	13118100000	12430000000	5.54
gross profit ratio	0.62	0.59	5.12
research and development expenses	129400000	123400000	4.86
operating expenses	10124400000	10349100000	-2.17
interest income	31500000	143500000	-78.05
interest expense	218700000	151200000	44.64
ebitda	4303300000	3370400000	27.68
ebitdaratio	0.2	0.18	14.32
operating income	3022500000	2475600000	22.09
operating income ratio	0.14	0.12	21.62
net income	1928900000	1596600000	20.81
net income ratio	0.09	0.08	20.34
eps	10.43	8.45	23.43

Overall Score of Annual Income Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 21,178 million in 2023 from 21,095 million in 2022 representing a change of 0.39%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 13,118 million in 2023 from 12,430 million in 2022 representing a change of 5.54%. This indicates a sales profitability growth, which is a positive sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses increased to 129 million in 2023 from 123 million in 2022 representing a change of 4.86%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

  Operating Expenses: Operating Expenses decreased to 10,124 million in 2023 from 10,349 million in 2022 representing a change of -2.17%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 4,303 million in 2023 from 3,370 million in 2022 representing a change of 27.68%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 3,022 million in 2023 from 2,476 million in 2022 representing a change of 22.09%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 1,929 million in 2023 from 1,597 million in 2022 representing a change of 20.81%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 10.43 in 2023 from 10.43 in 2022 representing a change of 23.43%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	5007000000	5007000000	0.00
gross profit	3121200000	3121200000	0.00
gross profit ratio	0.62	0.62	0.00
research and development expenses	0	0	NaN
operating expenses	2520000000	2636700000	-4.43
interest income	53400000	38550000	38.52
interest expense	130500000	0	NaN
ebitda	865400000	865400000	0.00
ebitdaratio	0.17	0.17	0.00
operating income	601200000	552400000	8.83
operating income ratio	0.12	0.11	8.83
net income	287150000	289950000	-0.97
net income ratio	0.06	0.06	-0.97
eps	1.61	1.59	1.26

Overall Score of Quarterly Income Statement

0.75 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 2,520 million in 2024Q2 from 2,637 million in 2024Q1 representing a change of -4.43%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Operating Income: Operating income increased to 601 million in 2024Q2 from 552 million in 2024Q1 representing a change of 8.83%. The increase in operating income indicates better operational performance and increased profitability.

  Earnings per Share (EPS): EPS increased to 1.61 in 2024Q2 from 1.61 in 2024Q1 representing a change of 1.26%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Net Income: Net income decreased to 287 million in 2024Q2 from 290 million in 2024Q1 representing a change of -0.97%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	35471500000	33255600000	6.66
total liabilities	17096700000	15631400000	9.37
total equity	18374800000	17624200000	4.26
cash and cash equivalents	3266500000	1399300000	133.44
short term investments	12300000	11400000	7.89
long term investments	2728800000	2803900000	-2.68
total current assets	8822200000	7118600000	23.93
total non current assets	27550300000	26136800000	5.41
total current liabilities	7384400000	6146000000	20.15
total non current liabilities	9712300000	9485400000	2.39
common stock	558600000	579300000	-3.57
retained earnings	11854000000	10809100000	9.67
total debt	8619400000	6619700000	30.21

Overall Score of Annual Balance Sheet

0.6 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 35,472 million in 2023 from 33,256 million in 2022 representing a change of 6.66%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 18,375 million in 2023 from 17,624 million in 2022 representing a change of 4.26%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 3,266 million in 2023 from 1,399 million in 2022 representing a change of 133.44%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 12 million in 2023 from 11 million in 2022 representing a change of 7.89%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 8,822 million in 2023 from 7,119 million in 2022 representing a change of 23.93%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 11,854 million in 2023 from 10,809 million in 2022 representing a change of 9.67%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 17,097 million in 2023 from 15,631 million in 2022 representing a change of 9.37%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 7,384 million in 2023 from 6,146 million in 2022 representing a change of 20.15%. This indicates a higher short-term debt burden.

  Common Stock: Common Stock decreased to 559 in 2023 from 579 in 2022 representing a change of -3.57%. This indicates a decrease in ownership interest.

  Total Debt: Total Debt increased to 8,619 million in 2023 from 6,620 million in 2022 representing a change of 30.21%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	35346100000	35346100000	0.0
total liabilities	16795400000	16795400000	0.0
total equity	18550700000	18550700000	0.0
cash and cash equivalents	1803500000	1803500000	0.0
short term investments	0	0	NaN
long term investments	2505500000	2505500000	0.0
total current assets	8226700000	8226700000	0.0
total non current assets	27119400000	27119400000	0.0
total current liabilities	7384900000	7384900000	0.0
total non current liabilities	9410500000	9410500000	0.0
common stock	546200000	546200000	0.0
retained earnings	11607500000	11607500000	0.0
total debt	8636100000	8636100000	0.0

Overall Score of Quarterly Balance Sheet

0.5 out of 1

Detailed Analysis

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	1812400000	-1661000000	209.11
operating cash flow	3205100000	2420200000	32.43
free cash flow	1875400000	1085000000	72.85
capital expenditure	-1329700000	-1335200000	0.41
depreciation and amortization	1235600000	1402300000	-11.89
deferred income tax	0	51200000	-100.00
stock based compensation	17400000	3400000	411.76
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	-387600000	81300000	-576.75
investments in property plant and equipment	-1329800000	-1335200000	0.40
net cash used for investing activites	-1479800000	-1482200000	0.16
debt repayment	1011000000	-1391800000	172.64
common stock issued	0	0	NaN
common stock repurchased	-298000000	-350000000	14.86
dividends paid	-484100000	-458300000	-5.63
net cash used provided by financing activities	134600000	-2538900000	105.30
cash at end of period	3266500000	1454100000	124.64
accounts receivables	0	0	NaN
cash at beginning of period	1454100000	3115100000	-53.32

Overall Score of Annual Cashflow Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 1,812 million in 2023 from -1,661 million in 2022 representing a change of 209.11%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 3,205 million in 2023 from 2,420 million in 2022 representing a change of 32.43%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 1,875 million in 2023 from 1,085 million in 2022 representing a change of 72.85%. This indicates an increase in cash generated after accounting for capital expenditures.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -1,330 million in 2023 from -1,335 million in 2022 representing a change of 0.41%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Stock-Based Compensation: Stock-Based Compensation increased to 17 million in 2023 from 3 million in 2022 representing a change of 411.76%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

  Dividends Paid: Dividends Paid decreased to -484 million in 2023 from -458 million in 2022 representing a change of -5.63%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	27850000	27850000	0.00
free cash flow	-183900000	-183900000	0.00
capital expenditure	-211750000	-211750000	0.00
depreciation and amortization	313000000	313000000	0.00
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	-143850000	-143850000	0.00
investments in property plant and equipment	-211750000	-211750000	0.00
net cash used for investing activites	-322050000	-322050000	0.00
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	-45150000	-45150000	0.00
dividends paid	-273100000	-273100000	0.00
net cash used provided by financing activities	-425150000	-425150000	0.00
net change in cash	-1463000000	-731500000	-100.00
cash at end of period	1803500000	-731500000	346.55
cash at beginning of period	3266500000	0	NaN

Overall Score of Quarterly Cashflow Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -1,463 million in 2024Q2 from -732 million in 2024Q1 representing a change of -100.0%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

Earnings Transcripts ⓘ

We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.

Note: The years mentioned below are fiscal years in accounting.

Q2 2023 Earnings call transcript
Q4 2022 Earnings call transcript
Q3 2022 Earnings call transcript
Q2 2022 Earnings call transcript
Q1 2022 Earnings call transcript
Q3 2021 Earnings call transcript
Q2 2021 Earnings call transcript
Q4 2020 Earnings call transcript

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	114.47	111.6	2.57
net income per share	10.43	8.45	23.44
operating cash flow per share	17.32	12.8	35.31
free cash flow per share	10.14	5.74	76.60
cash per share	17.72	7.46	137.47
book value per share	99.32	93.24	6.52
tangible book value per share	52.38	47.86	9.44
shareholders equity per share	93.19	87.49	6.52
interest debt per share	47.77	35.82	33.37
market cap	14974547520	10071411840	48.68
enterprise value	20327447520	15291811840	32.93
pe ratio	7.76	6.31	23.07
price to sales ratio	0.71	0.48	48.10
pocfratio	4.67	4.16	12.27
pfcf ratio	7.98	9.28	-13.98
pb ratio	0.87	0.61	42.62
ptb ratio	0.87	0.61	42.62
ev to sales	0.96	0.72	32.41
enterprise value over ebitda	4.72	4.54	4.11
ev to operating cash flow	6.34	6.32	0.38
ev to free cash flow	10.84	14.09	-23.09
earnings yield	0.13	0.16	-18.74
free cash flow yield	0.13	0.11	16.25
debt to equity	0.5	0.4	24.90
debt to assets	0.24	0.2	22.07
net debt to ebitda	1.24	1.55	-19.69
current ratio	1.19	1.16	3.15
interest coverage	13.82	16.37	-15.59
income quality	1.66	1.4	18.91
dividend yield	0.03	0.05	-28.96
payout ratio	0.25	0.29	-12.57
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0.01	0.01	4.45
intangibles to total assets	0.24	0.26	-5.08
capex to operating cash flow	0.41	0.55	-24.80
capex to revenue	0.06	0.06	-0.80
capex to depreciation	1.08	0.95	13.02
stock based compensation to revenue	0.0	0.0	409.77
graham number	147.86	128.94	14.67
roic	0.07	0.07	6.53
return on tangible assets	0.07	0.06	11.30
graham net net	-59.16	-59.99	1.37
working capital	1437800000	972600000	47.83
tangible asset value	9690200000	9046800000	7.11
net current asset value	-8274500000	-8512800000	2.80
invested capital	24271900000	23210400000	4.57
average receivables	2065050000	1978100000	4.40
average payables	3249800000	3261750000	-0.37
average inventory	2656600000	2418150000	9.86
days sales outstanding	35.33	36.0	-1.87
days payables outstanding	142.95	140.82	1.51
days of inventory on hand	120.93	111.33	8.63
receivables turnover	10.33	10.14	1.90
payables turnover	2.55	2.59	-1.49
inventory turnover	3.02	3.28	-7.94
roe	0.11	0.1	15.88
capex per share	7.19	7.06	1.75

• ROE:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 7.76 on 2023-12-31 from 6.31 on 2022-12-31, representing a change of 23.07%. Indicating an increase in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 1.19 on 2023-12-31 from 1.16 on 2022-12-31, representing a change of 3.15%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.50 on 2023-12-31 from 0.40 on 2022-12-31, representing a change of 24.90%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
HEI.DE
calendar year	2024	2024	NaN
revenue per share	27.79	27.52	0.98
net income per share	1.59	1.59	-0.00
operating cash flow per share	0.15	0.15	0.98
free cash flow per share	-1.02	-1.01	-0.98
cash per share	10.01	9.91	0.98
book value per share	102.96	101.96	0.98
tangible book value per share	52.7	52.19	0.98
shareholders equity per share	97.26	96.32	0.98
interest debt per share	48.65	47.47	2.50
market cap	17376472982.64	18080802860.16	-3.90
enterprise value	24209072982.64	24913402860.16	-2.83
pe ratio	15.13	15.59	-2.96
price to sales ratio	3.47	3.61	-3.90
pocfratio	623.93	649.22	-3.90
pfcf ratio	-94.49	-98.32	3.90
pb ratio	0.99	1.03	-3.90
ptb ratio	0.99	1.03	-3.90
ev to sales	4.84	4.98	-2.83
enterprise value over ebitda	27.97	28.79	-2.83
ev to operating cash flow	869.27	894.56	-2.83
ev to free cash flow	-131.64	-135.47	2.83
earnings yield	0.02	0.02	3.05
free cash flow yield	-0.01	-0.01	-4.05
debt to equity	0.49	0.49	0.00
debt to assets	0.24	0.24	0.00
net debt to ebitda	7.9	7.9	0.00
current ratio	1.11	1.11	0.00
interest coverage	4.61	0	NaN
income quality	0.1	0.1	0.00
dividend yield	0.02	0.02	4.05
payout ratio	0.95	0.94	0.98
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.26	0.26	0.00
capex to operating cash flow	7.6	7.6	0.00
capex to revenue	0.04	0.04	0.00
capex to depreciation	0.68	0.68	0.00
stock based compensation to revenue	0	0	NaN
graham number	59.06	58.77	0.49
roic	0.01	0.01	8.83
return on tangible assets	0.01	0.01	-0.97
graham net net	-64.7	-64.07	-0.98
working capital	841800000	841800000	0.00
tangible asset value	9494700000	9494700000	0.00
net current asset value	-8568700000	-8568700000	0.00
invested capital	22885400000	22885400000	0.00
average receivables	2618800000	2334200000	12.19
average payables	2900800000	3028650000	-4.22
average inventory	2740600000	2705450000	1.30
days sales outstanding	47.07	47.07	0.00
days payables outstanding	138.44	138.44	0.00
days of inventory on hand	130.8	130.8	0.00
receivables turnover	1.91	1.91	0.00
payables turnover	0.65	0.65	0.00
inventory turnover	0.69	0.69	0.00
roe	0.02	0.02	-0.97
capex per share	1.18	1.16	0.98

• Negative

  ROE: Return on Equity (ROE) decreased to 0.02 on 2024-06-30 Q2 from 0.02 on 2024-03-31 Q1, representing a change of -0.97%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 15.13 on 2024-06-30 Q2 from 15.59 on 2024-03-31 Q1, representing a change of -2.96%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.11 on 2024-06-30 Q2 from 1.11 on 2024-03-31 Q1, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.49 on 2024-06-30 Q2 from 0.49 on 2024-03-31 Q1, representing a change of 0.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 93.98 which is lower than current price 137.25, indicates the company may be overvalued.