Financials CRH plc London Stock Exchange

Equities

CRH

IE0001827041

Construction Materials

Market Closed - London Stock Exchange Other stock markets 11:35:12 2023-12-01 am EST			5-day change	1st Jan Change
5,040.00 ^GBX	+1.08%		+2.63%	+52.77%

Nov. 27	EARNINGS AND TRADING: JLEN amends earnings; Thor quarter profit falls	AN
Nov. 23	SigmaRoc calls December 11 vote on CRH asset purchase	AN

Valuation

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	17 801	28 267	27 380	35 847	26 855	41 217	-	-
Enterprise Value (EV) ²	24 771	35 037	32 480	41 628	31 681	47 024	45 956	44 519
P/E ratio	-	-	-	-	-	14,5x	14,1x	12,8x
Yield	-	-	-	-	-	2,11%	2,24%	2,34%
Capitalization / Revenue	0,66x	1,12x	1,20x	1,28x	0,88x	1,28x	1,24x	1,18x
EV / Revenue	0,92x	1,39x	1,42x	1,49x	1,03x	1,46x	1,38x	1,27x
EV / EBITDA	7,36x	8,34x	8,47x	8,63x	5,98x	8,12x	7,56x	6,92x
EV / FCF	31,8x	15,7x	13,3x	17,3x	13,9x	16,1x	14,3x	12,6x
FCF Yield	3,14%	6,38%	7,52%	5,77%	7,19%	6,22%	6,98%	7,94%
Price to Book	-	-	-	-	-	2,15x	1,95x	1,76x
Nbr of stocks (in thousands)	815 839	789 336	784 761	770 505	744 565	694 173	-	-
Reference price ³	24,9	40,0	42,9	52,9	38,6	64,5	64,5	64,5
Announcement Date	02/28/19	02/28/20	03/04/21	03/03/22	03/02/23	-	-	-

¹USD in Million²EUR in Million³USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	26 790	25 129	22 845	27 929	30 661	32 290	33 268	35 067
EBITDA ¹	3 365	4 200	3 834	4 823	5 295	5 791	6 075	6 431
EBIT ¹	2 177	2 494	1 881	3 339	3 649	4 152	4 366	4 688
Operating Margin	8,13%	9,92%	8,24%	12,0%	11,9%	12,9%	13,1%	13,4%
Earnings before Tax (EBT) ¹	1 862	2 115	1 378	3 013	3 250	3 765	3 987	4 334
Net income ¹	2 517	1 948	929	2 312	3 628	2 932	3 095	3 405
Net margin	9,40%	7,75%	4,07%	8,28%	11,8%	9,08%	9,30%	9,71%
EPS ²	-	-	-	-	-	4,44	4,57	5,05
Free Cash Flow ¹	778	2 237	2 443	2 403	2 279	2 926	3 209	3 534
FCF margin	2,90%	8,90%	10,7%	8,61%	7,43%	9,06%	9,65%	10,1%
FCF Conversion (EBITDA)	23,1%	53,3%	63,7%	49,8%	43,0%	50,5%	52,8%	55,0%
FCF Conversion (Net income)	30,9%	115%	263%	104%	62,8%	99,8%	104%	104%
Dividend per Share ²	-	-	-	-	-	1,36	1,45	1,51
Announcement Date	28/02/19	28/02/20	04/03/21	03/03/22	02/03/23	-	-	-

¹EUR in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December	2019 S1	2019 S2	2020 S1	2020 S2	2021 S1	2021 Q3	2021 S2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 S1	2023 S2
Net sales ¹	13 217	11 912	10 265	12 730	11 942	7 774	15 269	15 031	9 150	7 849	16 715	14 871	17 906
EBITDA ¹	1 540	2 660	1 336	2 517	1 696	1 691	3 025	2 215	1 937	1 334	3 211	2 322	-
EBIT	751	1 743	642	1 249	975	-	-	1 388	-	-	2 366	-	-
Operating Margin	5,68%	14,6%	6,25%	9,81%	8,17%	-	-	9,23%	-	-	14,2%	-	-
Earnings before Tax (EBT)	707	1 408	435	949	889	-	-	-	-	-	2 137	-	-
Net income	548	1 400	341	595	667	-	-	2 099	-	-	1 653	-	-
Net margin	4,15%	11,8%	3,32%	4,68%	5,59%	-	-	14,0%	-	-	9,89%	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	08/22/19	02/28/20	08/20/20	03/04/21	08/26/21	11/23/21	03/03/22	08/25/22	11/22/22	03/02/23	03/02/23	08/24/23	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	6 970	6 770	5 100	5 781	4 826	5 807	4 739	3 302
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2,07x	1,61x	1,33x	1,20x	0,91x	1,00x	0,78x	0,51x
Free Cash Flow ¹	778	2 237	2 443	2 403	2 279	2 926	3 209	3 534
ROE (net income / shareholders' equity)	9,38%	9,83%	9,87%	12,9%	12,7%	15,2%	14,9%	15,5%
Shareholders' equity ¹	26 822	19 822	9 409	17 980	28 620	19 299	20 771	22 026
ROA (Net income/ Total Assets)	7,54%	4,47%	4,13%	5,72%	5,91%	7,08%	6,71%	7,51%
Assets ¹	33 403	43 579	22 512	40 393	61 343	41 446	46 120	45 364
Book Value Per Share ²	-	-	-	-	-	29,9	33,0	36,7
Cash Flow per Share ²	-	-	-	-	-	6,56	7,01	8,21
Capex ¹	1 121	1 229	827	1 406	1 428	1 586	1 637	1 675
Capex / Sales	4,18%	4,89%	3,62%	5,03%	4,66%	4,91%	4,92%	4,78%
Announcement Date	02/28/19	02/28/20	03/04/21	03/03/22	03/02/23	-	-	-

¹EUR in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for CRH plc

Trading Rating :

Investor Rating :

ESG Refinitiv :

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

64.49USD

Average target price

70.04USD

Spread / Average Target

+8.61%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Construction Materials

	1st Jan change	Capi.
CRH PLC	+52.77%	44 767 M $
ULTRATECH CEMENT LIMITED	+29.81%	31 269 M $
MARTIN MARIETTA MATERIALS, INC.	+38.28%	28 886 M $
VULCAN MATERIALS COMPANY	+23.14%	28 651 M $
POSCO FUTURE M CO., LTD.	+74.44%	18 696 M $
GRASIM INDUSTRIES LIMITED	+16.97%	15 891 M $
HEIDELBERG MATERIALS AG	+41.78%	15 276 M $
AMBUJA CEMENTS LIMITED	-15.65%	10 541 M $
CEMEX, S.A.B. DE C.V.	+56.47%	10 392 M $
SUMMIT MATERIALS, INC.	+25.22%	4 247 M $

Other Construction Materials