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Italian-based global producer of cement, ready-mix concrete and building materials with operations across multiple countries.
Italian-based global producer of cement, ready-mix concrete and building materials with operations across multiple countries.
Sells cement and concrete in regional markets where transport costs limit trade, with white cement shipped over longer distances and sold at a premium; its operating base is split among Denmark, Turkey, Belgium, the US and Asia. The Caltagirone family controls the group.
In one line: An Italian, smaller HeidelbergMaterials/CRH for cement.
Moat: narrow (scale, installed base, brand). Global leadership in white cement (a specialty niche) plus scale in core cement markets, though cement remains cyclical and energy-intensive.
Headquarters: Rome, Italy / Amsterdam, Netherlands · Founded: 1947 · Employees: 2,987
Size Cementir (CEM.MI) is an Italy Materials company (Construction Materials) with a market value of $2.70B, the 56th largest of 123 Italy companies the cockpit tracks. Shares closed at €15.41 on 6 Nov 2026.
Performance Over six months the shares gained 5.0%, against -19.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +0.6%); the operating margin is 13.0% (peer median 10.0%).
Valuation It trades at 12.8× forward earnings against a peer median of 12.2× (9th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.5 points below its cost of capital (9.6% WACC).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.64B | €1.64B | €1.69B | €1.69B | €1.72B |
| Revenue growth | — | -3% | 0% | -2% | — |
| Gross profit | €598M | €613M | €621M | €634M | €597M |
| EBITDA | €359M | €379M | €378M | €379M | €304M |
| Net income | €195M | €206M | €202M | €201M | €162M |
| Free cash flow | €187M | €252M | €229M | €204M | €191M |
| Capital expenditure | €127M | €106M | €128M | €107M | €105M |
| Total debt | n/a | €155M | €198M | €230M | €297M |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cementir CEM.MI | $2.70B | +5% | -2% | 13% | 12.8× | 4.3% |
| Heidelberg Materials HEI.DE | $34.3B | -5% | 0% | 15% | 13.5× | 4.9% |
| CRH CRH | $63.1B | -16% | +6% | 14% | 16.0× | 11.0% |
| Buzzi BZU.MI | $8.04B | -9% | +2% | 18% | 9.3× | 2.8% |
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 | CEM.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.0% | +1.6% | highest of 21 |
| 6-month return | +5.0% | -19.7% | 8th highest of 20 |
| Distance from 52-week high | -25.6% | -36.3% | 10th highest of 21 |
| Revenue growth (TTM) | -1.8% | +0.6% | 10th lowest of 21 |
| Operating margin | 13.0% | 10.0% | 7th highest of 21 |
| Forward P/E | 12.8× | 12.2× | 9th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 4.3% | 5.6% | 6th least demanding of 17 |
| Growth delivered (Del g) | +6.0% | +3.7% | 9th highest of 17 |
| Hurdle (Req g minus delivered) | -1.7 pp | -1.5 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | -1.5 pp | -2.2 pp | 10th highest of 21 |
| EV / EBITDA | 6.3× | 8.4× | 3rd cheapest of 13 |
| Net debt / EBITDA | -0.8× | 2.1× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 13% | 12.8× | 4.3% | +6.0% |
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 12% | 13.6× | 8.9% | +12.5% |
| FangDa Carbon New Material 600516.SS | China | $2.74B | -20% | +17% | -4% | 226.5× | n/a | n/a |
| China National Building Material 3323.HK | Hong Kong | $2.76B | -51% | 0% | 2% | 25.2× | 25.1% | -7.7% |
| Imerys NK.PA | France | $2.41B | +11% | -2% | 6% | 15.4× | 7.4% | -2.3% |
| Taiheiyo Cement 5233.T | Japan | $3.03B | +19% | +1% | 8% | 7.7× | 0.8% | +0.8% |
| Knife River KNF | United States | $3.20B | -38% | +11% | 9% | 23.1× | n/a | n/a |
| Vicat VCT.PA | France | $3.29B | +6% | +5% | 11% | 10.2× | 0.2% | +6.6% |
| United States Lime & Minerals USLM | United States | $3.39B | +7% | +4% | 41% | 19.6× | 5.1% | +18.3% |
| Tianshan Material 000877.SZ | China | $3.47B | -30% | -17% | -13% | n/a | 5.6% | -14.5% |
| Titan America TTAM | United States | $2.08B | -32% | +5% | 15% | 10.5× | 1.0% | +6.9% |
| YOUNGY 002192.SZ | China | $2.03B | -52% | +315% | 60% | n/a | 4.9% | +16.8% |
| Sichuan Hexie Shuangma 000935.SZ | China | $1.98B | -35% | -14% | 15% | 13.8× | n/a | n/a |
| SigmaRoc SRC.L | United Kingdom | $1.95B | +14% | +4% | 15% | 12.1× | 12.4% | +52.8% |
| Gansu Shangfeng Materials 000672.SZ | China | $1.88B | -6% | -23% | 7% | 4.5× | 10.2% | -6.1% |
| BBMG 2009.HK | Hong Kong | $1.87B | -20% | -22% | -4% | n/a | 42.3% | -4.0% |
| Asia Cement 1102.TW | Taiwan | $3.92B | +5% | -10% | 10% | 11.0× | 5.6% | -1.9% |
| CCCC Design And Consulting 600720.SS | China | $1.73B | -24% | -10% | 12% | 9.7× | n/a | n/a |
| Beijing New Building Materials (Group) 000786.SZ | China | $4.41B | -33% | -3% | 10% | 11.4× | -2.3% | +8.4% |
| Breedon BREE.L | United Kingdom | $1.60B | +17% | +8% | 7% | 12.2× | 10.1% | +13.0% |
| FLSmidth & Co. A/S FLS.CO | Denmark | $4.88B | +22% | -20% | 13% | 13.9× | 2.8% | -2.3% |