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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Cementir Holding N.V.    CEM   NL0013995087

CEMENTIR HOLDING N.V.

(CEM)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 10/30 11:52:32 am
5.405 EUR   +1.60%
10/12CEMENTIR : Share buy-back program
PU
09/09CEMENTIR : Publication notice of investors presentation
PU
08/06CEMENTIR N : Credem - 1H2020 consolidated results
PU
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Fine-tuning the model prior to H1 results (Cementir Holding)

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07/27/2020 | 03:28am EDT

Fine-tuning the model prior to H1 results
EPS CHANGE
CHANGE IN EPS
2020 : € 0.45 vs 0.56 -19.7%
2021 : € 0.56 vs 0.61 -8.65%

Our EPS is negatively impacted by the lower activity level and margin assumptions. COVID-19 has had a more widespread impact since we last updated our model, resulting in this sharp degradation of the EPS. Region-wise for 2020, we expect Denmark will continue to remain resilient but Norway may see a sharp drop in demand due to its oil-dependent economy. Egypt and China should show positive growth, while Belgium/France and Malayasia, which were the most impacted by prolonged lockdowns, should see significant top-line and margin declines this year (for Belgium/France: sales -14% and EBITDA -22% vs our previous estimates). Turkey might be affected by unfavourable FX and, hence, may see a negative EBITDA this year too. Given that the US is still undergoing partial lockdowns, we have taken a conservative stance on this region (sales -8% and EBITDA -15% vs our previous estimates). Lastly, we have reduced EBITDA for Italy, which mainly accounts for the corporate level activities, to €-3.7m, because of the one-off announced during Q1 and possible restructuring expenses. For now, we have left the top-line growth and EBITDA margin improvement unchanged for 2021, but the lowered 2020 base has impacted the 2021 figures in absolute terms.


CHANGE IN DCF
€ 10.1 vs 11.1 -9.22%

A further decline in the top line and a reduction in the EBITDA margin have resulted in a decline of €1.03 in the DCF.


Stocks mentioned in the article
ChangeLast1st jan.
CEMENTIR HOLDING N.V. 1.88% 5.42 Delayed Quote.-20.88%
LONDON BRENT OIL -0.05% 37.64 Delayed Quote.-38.33%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.86% 8.36455 Delayed Quote.39.49%
WTI -2.20% 35.405 Delayed Quote.-36.69%
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All news about CEMENTIR HOLDING N.V.
10/12CEMENTIR : Share buy-back program
PU
09/09CEMENTIR : Publication notice of investors presentation
PU
08/06CEMENTIR N : Credem - 1H2020 consolidated results
PU
08/06CEMENTIR N : Credem - risultati consolidati primo semestre 2020
PU
08/06CEMENTIR : Publication notice of Consolidated Half-Year financial report at 30 J..
PU
07/29H1 20 : in for a Danish treat (Cementir Holding)
AL
07/28CEMENTIR : The Board of Directors approves consolidated results as of 30 June 20..
PU
07/27Fine-tuning the model prior to H1 results (Cementir Holding)
AL
07/02CEMENTIR : Shareholders' Meeting approves share buy-back up to EUR 60 Million
PU
05/18CEMENTIR HOLDING N.V. : Ex-dividend day for final dividend
FA
More news
Financials
Sales 2020 1 188 M 1 389 M 1 389 M
Net income 2020 68,9 M 80,7 M 80,7 M
Net Debt 2020 178 M 208 M 208 M
P/E ratio 2020 12,3x
Yield 2020 2,71%
Capitalization 847 M 987 M 990 M
EV / Sales 2020 0,86x
EV / Sales 2021 0,77x
Nbr of Employees 3 000
Free-Float 28,7%
Chart CEMENTIR HOLDING N.V.
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Technical analysis trends CEMENTIR HOLDING N.V.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 7,30 €
Last Close Price 5,32 €
Spread / Highest target 41,0%
Spread / Average Target 37,2%
Spread / Lowest Target 31,6%
EPS Revisions
Managers
NameTitle
Francesco Caltagirone Chairman & Chief Executive Officer
Veysi Taner AykaÁ President-Eastern Mediterranean Region
Paolo Zugaro Group Chief Operating Officer
Giovanni Luise Group Chief Financial Officer
Giacomo Cornetti Group Chief Information Technology Officer
Sector and Competitors