Holcim AG

Holcim AG maintains a capital structure supported by total equity of CHF 15.38 billion against total liabilities of CHF 18.23 billion, resulting in a debt-to-equity ratio of 0.57. The company holds a current ratio of 1.32, indicating adequate short-term liquidity to cover immediate obligations. However, the firm reports negative free cash flow of CHF -1.20 billion, driven by operating cash flow of CHF 2.79 billion and capital expenditures of CHF -1.06 billion, suggesting that internal cash generation is currently insufficient to fund investment needs without external financing or debt utilization.

Profitability metrics present significant anomalies in the provided data, with a reported net income of CHF 13.18 billion against revenue of CHF 15.72 billion, implying an unrealistically high net margin. This results in a return on equity of 85.7% and a return on assets of 39.22%, figures that are exceptionally high for the construction materials industry and likely reflect data inconsistencies or non-recurring items not detailed in the snapshot. The price-to-earnings ratio of 5.25 appears compressed relative to these inflated earnings figures, while the price-to-book ratio stands at 4.5.

Analysts project an 817% upside to the mean price target of CHF 80.43 from the current market price.

Net income surged 350.4% year-over-year to CHF 13.2 billion in fiscal 2026, demonstrating strong profitability growth.

Long-term debt decreased to CHF 8.7 billion in fiscal 2026, reflecting a reduction from CHF 16.6 billion in 2022.

The company faces high credit risk and medium liquidity risk according to the identified risk flags.

Cash conversion of 0.21 places Holcim in the bottom quartile compared to the 1.22 cohort median.

Revenue CHF 3.52B, −4,8% YoY.

• ▍Revenue CHF 3.52B, −4,8% YoY

Revenue CHF 4.04B, −2,5% YoY.

• ▍Revenue CHF 4.04B, −2,5% YoY

Revenue CHF 3.70B.

• ▍Revenue CHF 3.70B

Revenue CHF 4.14B.

• ▍Revenue CHF 4.14B

Revenue CHF 15.72B, −2,9% YoY; Operating income −50,4% YoY.

• ▍Revenue CHF 15.72B, −2,9% YoY
• ▍Operating income −50,4% YoY
• ▍Net income +350,4% YoY
• ▍Free cash flow −426,7% YoY
• ▍Net margin 83.8%

Revenue CHF 16.20B, −40,0% YoY; Operating income −46,4% YoY.

• ▍Revenue CHF 16.20B, −40,0% YoY
• ▍Operating income −46,4% YoY
• ▍Net income −4,4% YoY
• ▍Free cash flow −40,3% YoY
• ▍Net margin 18.1%

Revenue CHF 27.01B, −7,5% YoY; Operating income −7,6% YoY.

• ▍Revenue CHF 27.01B, −7,5% YoY
• ▍Operating income −7,6% YoY
• ▍Net income −7,5% YoY
• ▍Free cash flow −19,1% YoY
• ▍Net margin 11.3%

Revenue CHF 29.19B, +8,8% YoY; Operating income +18,8% YoY.

• ▍Revenue CHF 29.19B, +8,8% YoY
• ▍Operating income +18,8% YoY
• ▍Net income +44,0% YoY
• ▍Free cash flow +165,3% YoY
• ▍Net margin 11.3%

Revenue CHF 26.83B; Operating income CHF 4.20B.

• ▍Revenue CHF 26.83B
• ▍Operating income CHF 4.20B
• ▍Net margin 8.6%