Holcim (HOLN) Stock Overview
Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
HOLN Community Fair Values
Create NarrativeSee what 88 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Holcim AG Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CHF 67.56 |
| 52 Week High | CHF 82.54 |
| 52 Week Low | CHF 60.10 |
| Beta | 0.74 |
| 1 Month Change | -2.65% |
| 3 Month Change | -12.17% |
| 1 Year Change | -2.17% |
| 3 Year Change | 16.40% |
| 5 Year Change | 48.45% |
| Change since IPO | 333.05% |
Recent News & Updates
Narrative Update • Aug 04
HOLN: Earnings Momentum And Clean Technology Plans Will Offset Rich P/E
Holcim's updated fair value estimate has increased to CHF 65.57 from CHF 63.67, reflecting analysts' recent adjustments to price targets in the CHF 73 to CHF 92 range and their focus on earnings momentum and valuation multiples. Analyst Commentary Recent research on Holcim points to a mixed set of views, with most price targets now clustered in the CHF 73 to CHF 92 range.
Narrative Update • Jul 08
HOLN: Earnings Momentum And Cement Electrification Projects Will Shape Balanced Future Returns
Holcim's updated fair value estimate has moved to CHF 81.27 from CHF 79.22. This reflects analysts' higher price targets in the CHF 80 to CHF 92 range and their focus on earnings momentum, slightly faster revenue growth, and a modestly higher future P/E, partly offset by a softer profit margin outlook.Recent updates
Narrative Update • Aug 04
HOLN: Earnings Momentum And Clean Technology Plans Will Offset Rich P/E
Holcim's updated fair value estimate has increased to CHF 65.57 from CHF 63.67, reflecting analysts' recent adjustments to price targets in the CHF 73 to CHF 92 range and their focus on earnings momentum and valuation multiples. Analyst Commentary Recent research on Holcim points to a mixed set of views, with most price targets now clustered in the CHF 73 to CHF 92 range.Narrative Update • Jul 08
HOLN: Earnings Momentum And Cement Electrification Projects Will Shape Balanced Future Returns
Holcim's updated fair value estimate has moved to CHF 81.27 from CHF 79.22. This reflects analysts' higher price targets in the CHF 80 to CHF 92 range and their focus on earnings momentum, slightly faster revenue growth, and a modestly higher future P/E, partly offset by a softer profit margin outlook.Narrative Update • Jun 24
HOLN: Rich P/E Will Likely Cap Upside Despite Recent Upgrades
Holcim's updated fair value estimate has increased to CHF 63.67, supported by a series of analyst actions, including a slightly lower CHF 73 target at RBC Capital, multiple upgrades to Outperform or Buy with higher price targets such as CHF 92, and updated assumptions for steadier revenue growth, a firmer profit margin, a lower discount rate, and a slightly reduced future P/E. Analyst Commentary Recent research on Holcim reflects a mix of optimism and caution, with several firms adjusting ratings and price targets as they reassess the company’s earnings profile, valuation, and execution risks.Narrative Update • Jun 05
HOLN: Cement Margins And Electrification Projects Will Shape Measured Future Upside
Holcim's analyst price target has been raised by CHF 2 to reflect slightly higher fair value estimates and improved margin expectations, supported by a series of recent upgrades and renewed coverage from major banks. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as consistent with their view that Holcim's earnings power can support a slightly richer valuation multiple, provided current margin expectations are met.
Narrative Update • May 22
HOLN: Cement Pricing Strength In Europe Will Support Future Rebound Potential
Analysts have modestly raised their average price target on Holcim by CHF 2, reflecting a more constructive stance on the stock as several firms highlight solid cement pricing resilience in Europe and updated assumptions for revenue growth, margins and future P/E multiples. Analyst Commentary Recent research on Holcim has been skewed toward more optimistic views, with several bullish analysts revisiting their models on pricing, earnings power and valuation multiples.Narrative Update • May 04
HOLN: Cement Pricing And Electrification Projects Will Shape Fairly Balanced Upside
The analyst price target for Holcim has been adjusted slightly higher to reflect a fair value of about CHF 78.70, with analysts pointing to recent upgrades and target raises, supported by steady assumptions for revenue growth, margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts are citing recent upgrades and resumed coverage with positive ratings as support for the idea that Holcim's execution on its strategy is being recognized in current valuation assumptions.Narrative Update • Apr 20
HOLN: Cement Pricing Resilience And Margin Execution Will Shape Future Upside Balance
Holcim's analyst price target is updated to CHF 78.03, a small move supported by recent upgrades and resumed coverage from several banks. Analysts point to steadier profit margins and only modest adjustments to growth and discount rate assumptions.Narrative Update • Apr 05
HOLN: European Cement Pricing Resilience Will Shape Upside Risk Balance
Analysts have trimmed the implied fair value for Holcim from CHF 78.71 to CHF 77.76. This reflects slightly higher discount rate and P/E assumptions, even as they reference recent Street research that includes both higher and lower price targets between CHF 69 and CHF 80 and differing views on cement pricing resilience in Europe.Narrative Update • Mar 22
HOLN: Circular Expansion And Cement Pricing Support Will Shape Upside Risk Balance
Holcim's updated analyst price target edges slightly lower to CHF 78 from CHF 80, as analysts factor in a reduced future P/E assumption to 21.24x, along with adjusted expectations for revenue growth, profit margins and discount rates. Recent Street research reflects a mix of target hikes and trims clustered around the CHF 72 to CHF 80 range.Narrative Update • Mar 08
HOLN: Cement Pricing Resilience In Europe Will Drive Rebound Potential
Our revised fair value estimate for Holcim has risen from CHF 70 to CHF 93. This reflects analysts' updated price targets in the CHF 72 to CHF 80 range and their view that recent share weakness has been overdone, while near term cement pricing in Europe is expected to hold.Narrative Update • Feb 22
HOLN: Rich P/E And Downgrade Will Likely Limit Further Upside
Holcim's analyst price target has shifted to CHF 80, up CHF 5, as analysts weigh mixed revisions that balance slightly softer revenue and margin assumptions with a higher assumed future P/E multiple and recent price target changes at Citi and RBC Capital. Analyst Commentary Recent research on Holcim sends a mixed signal, with some bearish analysts trimming expectations while others adjust targets higher.Narrative Update • Feb 07
HOLN: Circular Expansion And Mixed Street Views Will Shape Future Risk Balance
Narrative Update The updated analyst price target for Holcim edges up to about CHF 79 from roughly CHF 78.80, as analysts factor in mixed recent research that includes a CHF 5 target increase at Citi, a higher implied future P/E and adjustments to revenue growth and profit margin assumptions, alongside a modest trim from RBC Capital and a downgrade elsewhere on the Street. Analyst Commentary Recent research on Holcim reflects a split view, with some analysts lifting price targets while others trim expectations or move to a more cautious stance.Narrative Update • Jan 23
HOLN: Circular Expansion And Mixed Ratings Will Shape Future Risk Balance
The analyst price target for Holcim has increased by about CHF 4 to roughly CHF 79, with analysts citing updated assumptions on fair value, discount rate, revenue trends, profit margin and future P/E, in light of recent mixed target changes across major banks. Analyst Commentary Recent research on Holcim reflects a mix of optimism and caution, with several large banks adjusting their price targets and ratings in different directions.Narrative Update • Jan 09
HOLN: Cement Demand And Rich Multiple Will Likely Cap Further Upside
Analysts have raised their price expectations for Holcim by CHF 6 to CHF 78, citing improved profit margin assumptions and lower P/E expectations as the main factors behind the updated targets. Analyst Commentary Recent research on Holcim shows a mix of optimism and caution, with several large banks adjusting their views and price targets in quick succession.Narrative Update • Dec 25
HOLN: Future Multiple Expansion Will Likely Disappoint Amid Softening Cement Demand
Analysts have lifted their price target on Holcim to CHF 78 from CHF 72, citing a higher fair value estimate of approximately CHF 58 per share and greater confidence in the stock's future earnings multiple, despite slightly softer growth and margin assumptions. Analyst Commentary Recent Street research on Holcim has been broadly constructive, with several major houses lifting their price targets into the high CHF 70s and reiterating positive recommendations.Narrative Update • Dec 11
HOLN: European Cement Regime Will Offset Demand Risks And Circular Expansion Challenges
The analyst fair value estimate for Holcim has been raised to approximately CHF 74.90 from CHF 73.20. This reflects analysts' more constructive view on the company's positioning in a stronger European cement regime and recent upward revisions to Street price targets, despite some concerns about near term sales trends.Narrative Update • Nov 27
HOLN: Outlook Will Balance European Demand Recovery With Margin Uncertainties
Holcim's fair value price target has increased modestly from CHF 72.05 to CHF 73.20. Analysts highlight renewed optimism, driven by upward revisions from major institutions and confidence in earnings resilience, despite cautious outlooks on revenue growth and profit margins.Analysis Article • Nov 16
Holcim AG's (VTX:HOLN) Earnings Are Not Doing Enough For Some Investors
When close to half the companies in Switzerland have price-to-earnings ratios (or "P/E's") above 20x, you may consider...Narrative Update • Nov 13
HOLN: Future Performance Will Reflect European Demand Trends and Sector Headwinds
Holcim's analyst price target has increased modestly, rising from CHF 71.35 to CHF 72.05. Analysts cite recent upgrades, strengthened ratings, and a more favorable outlook for the building materials sector as factors driving the revision.Narrative Update • Oct 29
Recent Profit Margin Improvements Will Balance Softer Trends In Key Regions
Holcim's analyst fair value estimate has been raised from CHF 69.28 to CHF 71.35. Analysts point to improved profit margins and expectations for continued resilience in the building materials sector.Analysis Article • Oct 29
Holcim (VTX:HOLN) Could Easily Take On More Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Oct 15
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Holcim's analyst fair value target has ticked up modestly from CHF 68.35 to CHF 69.28. This reflects analysts' balanced outlook on earnings growth potential and sector resilience amid recent upgrades and more positive sentiment toward the European cement industry.Analysis Article • Oct 13
Should You Investigate Holcim AG (VTX:HOLN) At CHF65.70?
Let's talk about the popular Holcim AG ( VTX:HOLN ). The company's shares saw a decent share price growth of 11% on the...Narrative Update • Sep 18
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Analysts increased Holcim’s target price to CHF68.35, citing resilient earnings, long-term growth from decarbonization, and value realization post-North America spin-off, despite concerns over full near-term valuation and earnings risks. Analyst Commentary Bullish analysts cited Holcim's resilient heavy side business performance and stable earnings outlook, even amid soft U.S. construction trends.Narrative Update • Sep 03
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Holcim’s modestly higher price target reflects mixed analyst views on the Amrize spin-off, with bullish arguments centered on exposure to European recovery, structural decarbonization growth, and valuation appeal, while concerns over fair value and post-spin dynamics temper optimism—leading to a revised consensus price target of CHF66.96. Analyst Commentary Diverging analyst reactions to the spin-out of Holcim's North American operations into Amrize, with some seeing reduced value and others focusing on stronger balance sheet and potential margin improvement.Narrative Update • Aug 07
Aggressive Projections Will Falter Amid Regulatory And Market Risks
Given the absence of new analyst reasoning, both Holcim’s consensus price target and key valuation metrics such as Future P/E and discount rate have remained essentially unchanged, with the fair value holding steady at CHF65.77. What's in the News Holcim AG expects full-year 2025 post spin-off recurring EBIT growth of 6% to 10% in local currency.
New Narrative • Mar 02
Amrize's NYSE Listing Will Unlock New Value And Access To US Capital Markets
Holcim's strategy of unlocking value through Amrize's NYSE listing and margin expansion via branded solutions predicts strengthened revenue and operational focus.Shareholder Returns
| HOLN | CH Basic Materials | CH Market | |
|---|---|---|---|
| 7D | -4.1% | -3.3% | 1.3% |
| 1Y | -2.2% | -13.0% | 13.7% |
Return vs Industry: HOLN exceeded the Swiss Basic Materials industry which returned -13% over the past year.
Return vs Market: HOLN underperformed the Swiss Market which returned 13.7% over the past year.
Price Volatility
| HOLN volatility | |
|---|---|
| HOLN Average Weekly Movement | 3.5% |
| Basic Materials Industry Average Movement | 4.6% |
| Market Average Movement | 3.9% |
| 10% most volatile stocks in CH Market | 7.5% |
| 10% least volatile stocks in CH Market | 2.0% |
Stable Share Price: HOLN has not had significant price volatility in the past 3 months compared to the Swiss market.
Volatility Over Time: HOLN's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1833 | 50,000 | Miljan Gutovic | www.holcim.com |
Holcim AG, together with its subsidiaries, provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa. It provides foundation, flooring, walling and roofing products, including cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roofing systems, insulation systems, tile adhesives, facade solutions, and contracting and services. The company also provides digital services through HOLCIM+ platform and digital concrete services.
Holcim AG Fundamentals Summary
| HOLN fundamental statistics | |
|---|---|
| Market cap | CHF 37.75b |
| Earnings (TTM) | CHF 393.00m |
| Revenue (TTM) | CHF 15.78b |
95.1x
P/E Ratio2.4x
P/S RatioIs HOLN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HOLN income statement (TTM) | |
|---|---|
| Revenue | CHF 15.78b |
| Cost of Revenue | CHF 9.15b |
| Gross Profit | CHF 6.63b |
| Other Expenses | CHF 6.24b |
| Earnings | CHF 393.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.71 |
| Gross Margin | 42.03% |
| Net Profit Margin | 2.49% |
| Debt/Equity Ratio | 65.6% |
How did HOLN perform over the long term?
See historical performance and comparisonDividends
2.5%
Current Dividend Yield239%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/18 17:49 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Holcim AG is covered by 42 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gerhard Schwarz | Baader Helvea Equity Research |
| Patrick Appenzeller | Baader Helvea Equity Research |
| Katherine Hearne | Barclays |