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Spanish cement, concrete and precast-materials producer with operations across Spain, Latin America, Tunisia and India.
Spanish cement, concrete and precast-materials producer with operations across Spain, Latin America, Tunisia and India.
Cement is heavy and expensive to ship, so each plant mainly serves its local market and earns on that market's building activity and prices. Selling concrete and precast products downstream captures more of the value chain, and energy and fuel are major costs. Based in Barcelona, with plants in several countries.
In one line: A smaller, international-diversified Martin Marietta.
Moat: narrow (scale, distribution, regulatory licence). Local quarry/plant licences and logistics give regional pricing power, but cement is a commodity.
Headquarters: Sant Vicenc dels Horts, Spain · Founded: 1928 · Employees: 4,508
Size Cementos Molins (CMO.MC) is a Spain Materials company (Construction Materials) with a market value of $2.70B, the 44th largest of 97 Spain companies the cockpit tracks. Shares closed at €38.00 on 6 Nov 2026.
Growth Revenue grew 14.2% over the last twelve months (peer median -0.9%); the operating margin is 11.7% (peer median 10.0%).
Valuation It trades at 13.6× forward earnings against a peer median of 12.2× (8th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points below its cost of capital (5.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.25B | €1.03B | €1.06B | €977M | €1.07B |
| Revenue growth | — | -3% | +9% | -9% | — |
| Gross profit | €276M | €394M | €440M | €397M | €466M |
| EBITDA | €263M | €204M | €224M | €178M | €188M |
| Net income | €201M | €185M | €184M | €151M | €112M |
| Free cash flow | n/a | €142M | €183M | €101M | €72.5M |
| Capital expenditure | n/a | €74.5M | €64.4M | €56.4M | €81.9M |
| Total debt | €1.70B | €286M | €212M | €211M | €311M |
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 |
|---|---|---|---|---|---|---|
| Cementos Molins CMO.MC | $2.70B | n/a | +14% | 12% | 13.6× | 8.9% |
| Cemex SAB de CV Sponsored ADR CX | $16.6B | -18% | +10% | 13% | 11.2× | 4.4% |
| Holcim HOLN.SW | $48.4B | -3% | -26% | 16% | 19.5× | 1.4% |
| Heidelberg Materials HEI.DE | $34.3B | -5% | 0% | 15% | 13.5× | 4.9% |
| Vicat VCT.PA | $3.29B | +6% | +5% | 11% | 10.2× | 0.2% |
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 | CMO.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.8% | +1.6% | 2nd highest of 21 |
| Distance from 52-week high | -18.8% | -36.3% | 9th highest of 21 |
| Revenue growth (TTM) | +14.2% | -0.9% | 3rd highest of 21 |
| Operating margin | 11.7% | 10.0% | 9th highest of 21 |
| Forward P/E | 13.6× | 12.2× | 8th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 8.9% | 5.3% | 6th most demanding of 17 |
| Growth delivered (Del g) | +12.5% | +3.4% | 5th highest of 17 |
| Hurdle (Req g minus delivered) | -3.6 pp | -0.8 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | -1.7 pp | -2.1 pp | 11th highest of 21 |
| EV / EBITDA | 15.1× | 7.3× | 3rd most expensive of 13 |
| Net debt / EBITDA | 5.2× | 1.8× | 2nd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 12% | 13.6× | 8.9% | +12.5% |
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 13% | 12.8× | 4.3% | +6.0% |
| 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% |