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Investlytic score: 4/5 criteria met. Data as of 28/10/2026.
- ✅ Price trend passed
- ✅ Growth passed
- ✅ Debt passed
- ✅ P/E passed
- ❌ Correction failed
Price trend
Overall trend (8 years): the price has been multiplied by at least 1.5.
Price change 2018 → 2019: 21.69%
Price change 2019 → 2020: -5.76%
Price change 2020 → 2021: -2.78%
Price change 2021 → 2022: -10.48%
Price change 2022 → 2023: 51.91%
Price change 2023 → 2024: 47.39%
Price change 2024 → 2025: 86.92%
Price change 2025 → 2026: -33.45%
Price change 2026 (year to date): -33.24%
Financial growth
Revenue CAGR (8 years): 2.48%
Earnings CAGR (8 years): 7.86%
Growth status: positive trend (>1%/yr) in revenue and earnings.
Debt
Debt-to-equity ratio: 0.45
Debt/equity < 0.5 (maximum threshold).
P/E (Price/Earnings)
P/E ratio: 13.18
P/E < 25.0 (maximum threshold).
Correction (6 months)
Current correction: 22.30% from the high over 6 months.
Excessive correction (> 20.0%).
Criteria of the Investlytic model
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<script src="https://investlytic.co/encart.js" data-symbole="HEI.DE" data-lang="en"></script>Price trend
Price & trend
Interactive chart →💰 Dividend
Dividend ranking →⚖️ Comparison with the market
All stocks →| Stock | P/E | Dette/FP | Revenue growth | Rating |
|---|---|---|---|---|
| HeidelbergCement AG | 13.1 | 0.45 | +4.1 % | 🔒 |
| Givaudan S.A. | 38.2 | 0.97 | +3.9 % | – |
| Holcim Ltd | 94.3 | 0.62 | −2.1 % | – |
| ArcelorMittal S.A. | 16.7 | 0.25 | −1.6 % | – |
| BASF Se | 27.3 | 0.74 | −0.5 % | – |
Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.
Detailed analysis · Price trend
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Revenues & profits
Revenue and net income
Financial indicators
Annual financial statements
| Fiscal year | Revenue | Net income | Net margin | EPS | Revenue growth |
|---|
Key reported figures
Revenue, net income and net margin reported by HeidelbergCement AG over the latest fiscal years.
| Fiscal year | Revenue | Net income | Net margin | Revenue growth |
|---|---|---|---|---|
| 2020 | 19.7 bn | -2.3 bn | -11.9 % | n/a |
| 2021 | 20.9 bn | 2.0 bn | 9.4 % | +6.3 % |
| 2022 | 23.6 bn | 1.8 bn | 7.6 % | +12.7 % |
| 2023 | 23.7 bn | 2.2 bn | 9.1 % | +0.4 % |
| 2024 | 23.7 bn | 2.0 bn | 8.4 % | +0.1 % |
| 2025 | 24.0 bn | 2.2 bn | 9.0 % | +1.2 % |
Amounts converted to USD. Source: published annual accounts, collected on 30/10/2026.
Accounts and financial health
Balance sheet and cash flow published by HeidelbergCement AG over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and investments | 3.1 bn | 1.5 bn | 3.3 bn | 3.2 bn | 2.6 bn |
| Total Debt | 8.0 bn | 7.1 bn | 8.6 bn | 8.6 bn | 8.1 bn |
| Net Debt | 4.9 bn | 5.7 bn | 5.4 bn | 5.3 bn | 5.5 bn |
| Equity | 15.4 bn | 16.5 bn | 17.2 bn | 18.8 bn | 18.2 bn |
| Total assets | 33.7 bn | 33.3 bn | 35.5 bn | 37.3 bn | 36.1 bn |
| Operating cash flow | 2.4 bn | 2.4 bn | 3.2 bn | 3.2 bn | 3.3 bn |
| Investments (capex) | 1.4 bn | 1.3 bn | 1.3 bn | 1.3 bn | 1.4 bn |
| Free cash-flow | 976 m | 1.1 bn | 1.9 bn | 1.9 bn | 1.9 bn |
| Share buybacks | 350 m | 350 m | 298 m | 350 m | 400 m |
| Dividends paid | 436 m | 458 m | 484 m | 546 m | 589 m |
Amounts in EUR, currency of the published accounts.
Trailing 12-month ratios
Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 02/11/2026.
Valuation and competitors
HeidelbergCement AG compared with its sector on the same exchange and with its main competitors.
Direct competitors
| Company | Market cap (USD) | P/E | Net margin |
|---|---|---|---|
| HeidelbergCement AG | 29.6 bn | 13.4 | 9.0 % |
| Holcim Ltd HOLN.SW | 46.3 bn | 97.3 | 2.5 % |
| CRH plc CRH | 60.4 bn | 15.9 | 10.0 % |
| Martin Marietta Materials, Inc. MLM | 32.5 bn | 31.5 | 17.4 % |
| Vulcan Materials Company VMC | 36.1 bn | 33.7 | 13.6 % |
| Eagle Materials Inc. EXP | 5.6 bn | 14.0 | 18.4 % |
| Arcosa, Inc. ACA | 7.3 bn | 34.3 | 7.2 % |
| Sector median (Xetra) | 21.3 |
Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 02/11/2026. Competitors: comparable companies named by the data provider.
Analyst consensus and forecasts
What the financial analysts covering HeidelbergCement AG publish: ratings, price targets and earnings forecasts.
Breakdown of ratings
Price targets: published for companies listed in the United States only.
Analyst forecasts
| Fiscal year | Revenue | Net income | Expected EPS (range) | P/E on this EPS | Analysts |
|---|---|---|---|---|---|
| 2026 | 22.4 bn | 2.3 bn | 12.77 (12.33 / 13.42) | 11.8 | 11 |
| 2027 | 23.8 bn | 2.5 bn | 14.47 (13.56 / 15.49) | 10.4 | 11 |
| 2028 | 24.9 bn | 2.8 bn | 16.06 (14.33 / 17.70) | 9.4 | 12 |
Amounts in EUR, the reporting currency.
Track record against expectations: reported EPS above consensus 7 times over the last 10 releases.
Source: ratings and forecasts published by analysts, collected on 01/11/2026. An analyst rating or target is not a guarantee.
Dividends and earnings
HeidelbergCement AG: dividend history, last distributions, stock splits and earnings releases.
Annual dividend per share (EUR), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.
Latest ex-dividend dates
| Ex-dividend | Amount | Payment |
|---|---|---|
| 14/05/2026 | 3.60 EUR | 19/05/2026 |
| 16/05/2025 | 3.30 EUR | 20/05/2025 |
| 17/05/2024 | 3.00 EUR | 22/05/2024 |
| 12/05/2023 | 2.60 EUR | 16/05/2023 |
| 13/05/2022 | 2.40 EUR | 17/05/2022 |
| 07/05/2021 | 2.20 EUR | 11/05/2021 |
| 05/06/2020 | 0.600 EUR | 09/06/2020 |
| 10/05/2019 | 2.10 EUR | 14/05/2019 |
Earnings releases
Next release: 04/11/2026. Expected EPS: 4.09.
| Date | Published EPS | Expected EPS | Surprise |
|---|---|---|---|
| 30/07/2026 | 4.43 | 3.14 | +41.1 % |
| 31/07/2025 | 3.95 | 3.11 | +27.0 % |
| 25/02/2025 | 3.37 | 8.65 | -61.0 % |
| 07/11/2024 | 3.37 | 2.92 | +15.4 % |
| 30/07/2024 | 2.55 | 3.43 | -25.7 % |
| 22/02/2024 | 3.46 | 2.93 | +18.1 % |
Stock splits
| Date | Operation |
|---|---|
| 24/09/2009 | split: 271 shares for 250 |
| 04/03/2005 | reverse split: 694 share for 709 |
| 17/06/2003 | split: 147 shares for 125 |
| 19/05/2003 | split: 1,041 shares for 1,000 |
Factual data: ex-dividend history and earnings calendar, as of 01/11/2026. A past dividend does not guarantee the next one.
Who owns the stock
Free float, institutional investors, large funds, executives and elected officials: declared positions in HeidelbergCement AG.
Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 01/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.
PEA and practical information
Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.
Frequently asked questions about HeidelbergCement AG
What is the HeidelbergCement AG share price?
Latest recorded price: 150.45 EUR on 30/10/2026, for a market cap of 29.6 bn USD.
What is the revenue of HeidelbergCement AG?
24.0 bn USD for fiscal year 2025, with net income of 2.2 bn USD (net margin 9.0 %).
Does HeidelbergCement AG pay a dividend?
Yes. Latest dividend: 3.60 EUR per share, ex-dividend on 14/05/2026. Over 12 months: 3.60 EUR. Yield on the latest known price: 1.5 %.
When does HeidelbergCement AG report its next earnings?
The next release is expected on 04/11/2026. EPS expected by analysts: 4.09.
What do analysts say about HeidelbergCement AG?
Out of 1 analysts: 0 buy or strong buy, 0 hold, 1 sell or strong sell.
What is the P/E ratio of HeidelbergCement AG?
Trailing 12-month P/E of 13.4, against 21.3 for the sector median on the same exchange (10-year median: 22.8).
Is HeidelbergCement AG stock eligible for the French PEA?
Likely: the company is headquartered in the European Union or the European Economic Area (ISIN DE0006047004) and the stock is listed on a European exchange. The institution holding the PEA confirms eligibility.
How many employees does HeidelbergCement AG have?
50,692 full-time employees according to the latest published profile.
Who runs HeidelbergCement AG?
Dominik von Achten is the company's chief executive.