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Italian diversified holding company with interests in cement, publishing, real estate and financial services.
Italian diversified holding company with interests in cement, publishing, real estate and financial services.
In one line: An Italian family conglomerate holding company.
Moat: none (scale). A family-controlled diversified holding company; value depends on the performance of its underlying stakes, not a single moat.
Headquarters: Rome, Italy · Founded: 1980 · Employees: 3,782
Size Caltagirone (CALT.MI) is an Italy Materials company (Construction Materials) with a market value of $1.26B, the 76th largest of 123 Italy companies the cockpit tracks. Shares closed at €9.37 on 6 Nov 2026.
Performance Over six months the shares gained 1.0%, against -14.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median -7.8%); the operating margin is 9.8% (peer median 9.1%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.6× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.6 points below its cost of capital (8.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €2.41B | €2.33B | €2.09B | €1.93B | €1.92B |
| Revenue growth | — | +11% | +9% | +1% | — |
| Gross profit | €1.09B | €1.03B | €783M | €690M | €626M |
| EBITDA | €392M | €397M | €385M | €360M | €299M |
| Net income | €167M | €148M | €130M | €131M | €111M |
| Free cash flow | €321M | €279M | €421M | €360M | €236M |
| Capital expenditure | €132M | €112M | €136M | €109M | €106M |
| Total debt | n/a | €309M | €351M | €433M | €500M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Caltagirone CALT.MI | $1.26B | +1% | +10% | 10% | 1.1× | 0.9% |
| Italmobiliare ITM.MI | $1.20B | -8% | +8% | 14% | 2.1× | n/a |
| Tamburi Investment Partners TIP.MI | $1.72B | +5% | +353% | -539% | n/a | n/a |
| Exor EXO.AS | $26.2B | +10% | +59% | -384% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CALT.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | +0.1% | 9th highest of 21 |
| 6-month return | +1.0% | -14.7% | 7th highest of 21 |
| Distance from 52-week high | -14.7% | -33.0% | 6th highest of 21 |
| Revenue growth (TTM) | +9.6% | -7.8% | 5th highest of 21 |
| Operating margin | 9.8% | 9.1% | 9th highest of 20 |
| EV / Sales | 1.1× | 1.6× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 0.9% | 3.3% | 8th least demanding of 17 |
| Growth delivered (Del g) | +10.5% | +3.3% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -9.6 pp | -3.1 pp | 6th least demanding of 17 |
| ROIC minus cost of capital | -4.6 pp | -2.3 pp | 6th lowest of 20 |
| EV / EBITDA | 6.6× | 7.6× | 4th cheapest of 12 |
| Net debt / EBITDA | -0.6× | 1.3× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Caltagirone CALT.MI | Italy | $1.26B | +1% | +10% | 10% | 1.1× | 0.9% | +10.5% |
| Shandong Fiberglass 605006.SS | China | $1.25B | +10% | +31% | 5% | 3.9× | n/a | n/a |
| West China Cement 2233.HK | Hong Kong | $1.30B | -29% | -10% | 15% | 2.4× | n/a | n/a |
| Guangdong Tapai 002233.SZ | China | $1.34B | -10% | -11% | 7% | 0.9× | -15.3% | -10.2% |
| BBMG Jidong Cement 000401.SZ | China | $1.35B | -21% | -8% | n/a | 1.2× | 37.1% | -7.0% |
| Fsilon Furnishing and Construction Materials 605318.SS | China | $1.36B | -29% | -15% | -5% | 18.3× | n/a | n/a |
| Cementos Pacasmayo SAA Sponsored ADR CPAC | United States | $1.16B | +20% | +21% | 25% | 2.1× | -9.8% | +9.9% |
| Loma Negra Compania Industrial Argentina SA Sponsored ADR LOMA | United States | $1.12B | -21% | -5% | 9% | 2.0× | 13.6% | +2.9% |
| Mitani Sekisan 5273.T | Japan | $1.12B | +33% | +9% | 18% | 1.3× | -8.4% | +7.7% |
| Goldsun Building Materials 2504.TW | Taiwan | $1.06B | -14% | -3% | 22% | 2.1× | -7.1% | +3.6% |
| Breedon BREE.L | United Kingdom | $1.60B | +17% | +8% | 7% | 1.1× | 10.1% | +13.0% |
| Sumitomo Osaka Cement 5232.T | Japan | $969M | +49% | +5% | 7% | 1.0× | 4.6% | -1.3% |
| Maeda Kosen 7821.T | Japan | $944M | +21% | +11% | 17% | 1.8× | -4.7% | +10.6% |
| CCCC Design And Consulting 600720.SS | China | $1.73B | -24% | -10% | 12% | 0.7× | n/a | n/a |
| Hanilcmt 300720.KS | South Korea | $905M | -4% | -10% | 11% | 1.2× | -3.2% | +7.9% |
| China West Construction 002302.SZ | China | $884M | -16% | -24% | -7% | 0.7× | 12.5% | -5.0% |
| China Resources Building Materials Technology 1313.HK | Hong Kong | $873M | -31% | -12% | -3% | 1.1× | -8.1% | -10.6% |
| BBMG 601992.SS | China | $1.86B | -19% | -25% | -4% | 2.2× | 41.4% | -3.3% |
| Gansu Shangfeng Materials 000672.SZ | China | $1.88B | -6% | -23% | 7% | 3.3× | 10.2% | -6.1% |
| NWPX Infrastructure NWPX | United States | $841M | -22% | +16% | 12% | 1.6× | 6.2% | +12.9% |
| Xinjiang Qingsong Building Materials & Chemicals (Group) 600425.SS | China | $833M | -16% | -8% | 9% | 1.6× | 2.0% | +5.1% |