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LafargeHolcim

DB:HLBB
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLBB
DB
CHF23B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

LafargeHolcim Ltd provides building materials and solutions in the Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • LafargeHolcim has significant price volatility in the past 3 months.
HLBB Share Price and Events
7 Day Returns
11.7%
DB:HLBB
6.1%
Europe Basic Materials
4.3%
DE Market
1 Year Returns
-
DB:HLBB
-24.9%
Europe Basic Materials
-14.2%
DE Market
HLBB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LafargeHolcim (HLBB) 11.7% -9.5% -26.7% - - -
Europe Basic Materials 6.1% -12.6% -30.4% -24.9% -34.6% -32.1%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • No trading data on HLBB.
  • No trading data on HLBB.
Price Volatility
HLBB
Industry
5yr Volatility vs Market
Related Companies

HLBB Value

 Is LafargeHolcim undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LafargeHolcim to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LafargeHolcim.

DB:HLBB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HLBB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 18%) (62.41%))
1.158
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.158 * 5.44%)
5.91%

Discounted Cash Flow Calculation for DB:HLBB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LafargeHolcim is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:HLBB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 5.91%)
2020 2,633.94 Analyst x9 2,486.97
2021 2,793.79 Analyst x10 2,490.71
2022 3,049.80 Analyst x3 2,567.23
2023 2,991.52 Est @ -1.91% 2,377.67
2024 2,948.01 Est @ -1.45% 2,212.34
2025 2,914.55 Est @ -1.14% 2,065.18
2026 2,887.98 Est @ -0.91% 1,932.17
2027 2,866.17 Est @ -0.76% 1,810.58
2028 2,847.66 Est @ -0.65% 1,698.51
2029 2,831.46 Est @ -0.57% 1,594.62
Present value of next 10 years cash flows CHF21,235.00
DB:HLBB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF2,831.46 × (1 + -0.39%) ÷ (5.91% – -0.39%)
CHF44,771.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF44,771.15 ÷ (1 + 5.91%)10
CHF25,214.10
DB:HLBB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF21,235.00 + CHF25,214.10
CHF46,449.10
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF46,449.10 / 613.69
CHF75.69
DB:HLBB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HLBB represents 0.18925x of SWX:LHN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.18925x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 75.69 x 0.18925
€14.32
Value per share (EUR) From above. €14.32
Current discount Discount to share price of €7.06
= -1 x (€7.06 - €14.32) / €14.32
50.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price LafargeHolcim is available for.
Intrinsic value
>50%
Share price is €7.06 vs Future cash flow value of €14.32
Current Discount Checks
For LafargeHolcim to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LafargeHolcim's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • LafargeHolcim's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LafargeHolcim's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LafargeHolcim's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HLBB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CHF CHF3.68
SWX:LHN Share Price ** SWX (2020-04-07) in CHF CHF37.31
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.79x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LafargeHolcim.

DB:HLBB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:LHN Share Price ÷ EPS (both in CHF)

= 37.31 ÷ 3.68

10.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LafargeHolcim is overvalued based on earnings compared to the Europe Basic Materials industry average.
  • LafargeHolcim is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does LafargeHolcim's expected growth come at a high price?
Raw Data
DB:HLBB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
2.6%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.7x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:HLBB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.13x ÷ 2.6%

3.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LafargeHolcim is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LafargeHolcim's assets?
Raw Data
DB:HLBB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CHF CHF46.55
SWX:LHN Share Price * SWX (2020-04-07) in CHF CHF37.31
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.8x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:HLBB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:LHN Share Price ÷ Book Value per Share (both in CHF)

= 37.31 ÷ 46.55

0.8x

* Primary Listing of LafargeHolcim.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LafargeHolcim is good value based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess LafargeHolcim's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. LafargeHolcim has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HLBB Future Performance

 How is LafargeHolcim expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LafargeHolcim expected to grow at an attractive rate?
  • LafargeHolcim's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • LafargeHolcim's earnings growth is positive but not above the Germany market average.
  • LafargeHolcim's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HLBB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HLBB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 2.6%
DB:HLBB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 1.6%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.9%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HLBB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HLBB Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 30,989 1
2023-12-31 30,322 1
2022-12-31 27,062 4,923 2,317 9
2021-12-31 26,797 4,825 2,324 17
2020-12-31 25,479 4,505 2,032 18
2020-04-08
DB:HLBB Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-12-31 26,722 4,825 2,229
2019-09-30 26,988 4,414 2,208
2019-06-30 27,253 4,002 2,187
2019-03-31 27,360 3,495 1,845
2018-12-31 27,466 2,988 1,502
2018-09-30 27,528 3,559 -2,211
2018-06-30 27,375 3,231 -2,370
2018-03-31 28,027 3,585 -1,742
2017-12-31 27,021 3,040 -1,675
2017-09-30 26,388 2,781 1,899
2017-06-30 26,480 2,896 2,500
2017-03-31 26,472 3,041 2,098

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LafargeHolcim's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • LafargeHolcim's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HLBB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from LafargeHolcim Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLBB Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 3.97 4.55 3.46 5.00
2021-12-31 3.80 4.58 2.80 14.00
2020-12-31 3.28 4.21 2.00 13.00
2020-04-08
DB:HLBB Past Financials Data
Date (Data in CHF Millions) EPS *
2019-12-31 3.68
2019-09-30 3.67
2019-06-30 3.67
2019-03-31 3.09
2018-12-31 2.52
2018-09-30 -3.70
2018-06-30 -3.96
2018-03-31 -2.91
2017-12-31 -2.78
2017-09-30 3.14
2017-06-30 4.14
2017-03-31 3.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • LafargeHolcim is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LafargeHolcim's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LafargeHolcim has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HLBB Past Performance

  How has LafargeHolcim performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LafargeHolcim's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LafargeHolcim's year on year earnings growth rate has been positive over the past 5 years.
  • LafargeHolcim's 1-year earnings growth exceeds its 5-year average (48.4% vs 8.9%)
  • LafargeHolcim's earnings growth has exceeded the Europe Basic Materials industry average in the past year (48.4% vs 20.7%).
Earnings and Revenue History
LafargeHolcim's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LafargeHolcim Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLBB Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 26,722.00 2,229.00 8,046.00
2019-09-30 26,987.50 2,208.00 8,255.50
2019-06-30 27,253.00 2,187.00 8,096.00
2019-03-31 27,359.50 1,844.50 8,260.50
2018-12-31 27,466.00 1,502.00 8,794.00
2018-09-30 27,528.00 -2,211.00 8,575.00
2018-06-30 27,375.00 -2,370.00 8,601.00
2018-03-31 28,027.00 -1,742.00 8,464.00
2017-12-31 27,021.00 -1,675.00 8,315.00
2017-09-30 26,388.00 1,899.00 8,455.00
2017-06-30 26,480.00 2,500.00 8,318.00
2017-03-31 26,472.00 2,098.00 8,643.00
2016-12-31 26,904.00 1,748.00 8,491.00
2016-09-30 27,776.00 -1,501.00 8,940.00
2016-06-30 28,280.00 -1,884.00 9,106.00
2016-03-31 25,731.00 -2,006.00 8,344.00
2015-12-31 23,584.00 -1,572.00 7,879.00
2015-09-30 20,980.00 1,578.00 6,766.00
2015-06-30 18,545.00 1,375.00 5,995.00
2015-03-31 18,714.00 1,518.00 6,046.00
2014-12-31 18,825.00 1,287.00 6,054.00
2014-09-30 18,886.00 1,164.00 6,095.00
2014-06-30 18,996.00 1,186.00 6,131.00
2014-03-31 19,422.00 1,164.00 6,146.00
2013-12-31 19,719.00 1,272.00 6,275.00
2013-09-30 20,193.00 871.00 6,533.00
2013-06-30 20,643.00 794.00 6,690.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • LafargeHolcim has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LafargeHolcim used its assets less efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • LafargeHolcim has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LafargeHolcim's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LafargeHolcim has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HLBB Health

 How is LafargeHolcim's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LafargeHolcim's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LafargeHolcim is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LafargeHolcim's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of LafargeHolcim's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LafargeHolcim Company Filings, last reported 3 months ago.

DB:HLBB Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 31,499.00 12,826.00 4,152.00
2019-09-30 31,499.00 12,826.00 4,152.00
2019-06-30 30,811.00 14,272.00 3,045.00
2019-03-31 30,811.00 14,272.00 3,045.00
2018-12-31 30,053.00 15,958.00 2,518.00
2018-09-30 30,053.00 15,958.00 2,518.00
2018-06-30 29,510.00 18,698.00 2,466.00
2018-03-31 29,510.00 18,698.00 2,466.00
2017-12-31 30,975.00 18,622.00 4,218.00
2017-09-30 34,116.00 19,912.00 4,294.00
2017-06-30 33,186.00 19,430.00 3,603.00
2017-03-31 34,867.00 19,285.00 4,241.00
2016-12-31 34,747.00 19,720.00 4,923.00
2016-09-30 33,721.00 21,130.00 4,588.00
2016-06-30 33,686.00 22,114.00 3,922.00
2016-03-31 34,832.00 22,000.00 3,896.00
2015-12-31 35,722.00 21,791.00 4,393.00
2015-09-30 38,309.00 22,369.00 4,665.00
2015-06-30 18,196.00 11,310.00 2,253.00
2015-03-31 19,058.00 11,401.00 1,731.00
2014-12-31 20,112.00 11,669.00 2,148.00
2014-09-30 19,892.00 12,368.00 1,956.00
2014-06-30 18,932.00 12,565.00 1,945.00
2014-03-31 18,837.00 12,055.00 2,015.00
2013-12-31 18,676.00 11,705.00 2,244.00
2013-09-30 18,733.00 13,395.00 3,115.00
2013-06-30 19,180.00 13,599.00 2,642.00
  • LafargeHolcim's level of debt (40.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (58% vs 40.7% today).
  • Debt is well covered by operating cash flow (37.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess LafargeHolcim's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LafargeHolcim has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HLBB Dividends

 What is LafargeHolcim's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.36%
Current annual income from LafargeHolcim dividends. Estimated to be 5.59% next year.
If you bought €2,000 of LafargeHolcim shares you are expected to receive €107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • LafargeHolcim's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • LafargeHolcim's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HLBB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HLBB Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.11 8.00
2021-12-31 2.12 16.00
2020-12-31 2.04 17.00
2020-04-08
DB:HLBB Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2020-02-27 2.000 5.495
2019-03-07 2.000 4.023
2018-05-08 2.000 4.254
2017-03-02 2.000 3.563
2016-05-12 1.500 3.021
2015-02-23 1.238 2.266
2014-02-26 1.238 1.802
2014-02-25 1.238 1.832
2013-02-27 1.095 1.673
2012-08-15 0.952 1.542
2012-02-29 0.952 1.806
2011-03-02 1.429 2.672
2010-03-03 1.429 2.154
2009-11-11 0.000 0.000
2009-08-20 0.000 0.000
2009-05-06 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of LafargeHolcim's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess LafargeHolcim's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LafargeHolcim afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LafargeHolcim has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HLBB Management

 What is the CEO of LafargeHolcim's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jan Jenisch
COMPENSATION CHF8,633,958
AGE 53
TENURE AS CEO 2.6 years
CEO Bio

Mr. Jan Jenisch, Iic. Rer. Pol., has been the Chief Executive Officer of LafargeHolcim since September 1, 2017. Mr. Jenisch served as the Chief Executive Officer of Sika AG since January 1, 2012 until July 1, 2017 which develops and manufactures systems and products for the building materials and automotive sector. Under his leadership, Sika expanded into new markets and set new standards of performance in sales and profitability. He served as a Member of Group Management of Sika AG since 2004 until July 1, 2017. Mr. Jenisch served as a Regional Manager of Asia Pacific at Sika AG from 2007 to January 01, 2012. He served as the Head of Industry Division at Sika AG since 2004 until 2006. Mr. Jenisch served as Head of Automotive Europe, General Manager of Sika Tivoli GmbH - Germany, Managing Director of Sika Automotive Belgium SA and Director of Hayashi Sika Automotive Ltd - Japan at Sika AG since 1998 until 2004. He served as Market Development Manager of Industry Division at Sika AG since joining in 1996 until 1997. He has been a Vice Chairman of Ambuja Cements Limited since October 30, 2017. He has been Deputy Chairman at ACC Limited since October 17, 2017 and has been its Non-Executive Non-Independent Director. He was a Non-Executive Director of Schweiter Technologies AG from May 7, 2014 to April 11, 2019. He serves as a Director of Glas Troesch AG. Mr. Jenisch holds an MBA Degree from University Fribourg, Switzerland in 1993 and Post study from University Fribourg, Switzerland in 1996.

CEO Compensation
  • Jan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jan's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the LafargeHolcim management team in years:

2.3
Average Tenure
53
Average Age
  • The tenure for the LafargeHolcim management team is about average.
Management Team

Jan Jenisch

TITLE
Chief Executive Officer
COMPENSATION
CHF9M
AGE
53
TENURE
2.6 yrs

Géraldine J. Picaud

TITLE
Chief Financial Officer
AGE
49
TENURE
2.3 yrs

Alessandra Girolami

TITLE
Head of Investor Relations
TENURE
3.6 yrs

Keith Carr

TITLE
Group General Counsel and Head of Legal & Compliance
AGE
53

Feliciano Muñoz

TITLE
Head of Human Resources
AGE
56
TENURE
1.9 yrs

Martin Kriegner

TITLE
Region Head of Asia Pacific
AGE
58
TENURE
3.7 yrs

Oliver Osswald

TITLE
Region Head of Latin America
AGE
48
TENURE
3.7 yrs

Marcel Cobuz

TITLE
Region Head of Europe
AGE
48
TENURE
2.3 yrs

René Thibault

TITLE
Head of North America Region
AGE
53
TENURE
2.3 yrs

Jamie Gentoso

TITLE
CEO of U.S. Cement Operations
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the LafargeHolcim board of directors in years:

3.4
Average Tenure
65.5
Average Age
  • The tenure for the LafargeHolcim board of directors is about average.
Board of Directors

Beat Hess

TITLE
Independent Chairman
COMPENSATION
CHF2M
AGE
70
TENURE
2.9 yrs

Óscar Fanjul Martín

TITLE
Independent Vice Chairman
COMPENSATION
CHF410K
AGE
70
TENURE
2.9 yrs

Thomas Schmidheiny

TITLE
Honorary Chairman
AGE
74
TENURE
1.9 yrs

Patrick Kron

TITLE
Independent Director
COMPENSATION
CHF410K
AGE
66
TENURE
2.9 yrs

Dieter Spälti

TITLE
Independent Director
COMPENSATION
CHF294K
AGE
58
TENURE
17.3 yrs

William Loader

TITLE
Independent Director
COMPENSATION
CHF375K
AGE
71
TENURE
14.3 yrs

Hanne Birgitte Breinbjerg Sørensen

TITLE
Independent Director
COMPENSATION
CHF290K
AGE
54
TENURE
7.3 yrs

Jürg Oleas

TITLE
Independent Director
COMPENSATION
CHF254K
AGE
62
TENURE
3.9 yrs

Paul Desmarais

TITLE
Independent Director
COMPENSATION
CHF250K
AGE
65
TENURE
4.8 yrs

Colin Hall

TITLE
Independent Director
COMPENSATION
CHF146K
AGE
49
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess LafargeHolcim's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LafargeHolcim has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HLBB News

Simply Wall St News

HLBB Company Info

Description

LafargeHolcim Ltd provides building materials and solutions in the Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. It operates in four segments: Cement, Aggregates, Ready-Mix Concrete, and Solutions & Products. The company offers cement, hydraulic binders, clinker, and other cementitious materials; aggregates, such as crushed stone, gravel, and sand; ready-mix concrete, precast construction systems, concrete products, asphalts, mortars, and other products and services; and contracting services. Its products are used in infrastructure projects, such as transport, roads, energy, and sports and cultural facilities, as well as in mining, and oil and gas industries; and building projects comprising individual housing, collective housing, office buildings, industrial and commercial buildings, and public buildings. The company also provides its products for affordable housing, and distribution and retail industries. The company was formerly known as Holcim Ltd. and changed its name to LafargeHolcim Ltd in July 2015. LafargeHolcim Ltd was founded in 1833 and is headquartered in Jona, Switzerland.

Details
Name: LafargeHolcim Ltd
HLBB
Exchange: DB
Founded: 1833
CHF21,659,651,237
613,693,581
Website: http://www.lafargeholcim.com
Address: LafargeHolcim Ltd
Zürcherstrasse 156,
Jona,
St. Gallen, 8645,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX LHN Registered Shares SIX Swiss Exchange CH CHF 02. Jan 1992
OTCPK HCML.F Registered Shares Pink Sheets LLC US USD 02. Jan 1992
DB HLBN Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA HLBN Registered Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0QKY Registered Shares London Stock Exchange GB EUR 02. Jan 1992
ENXTPA LHN Registered Shares Euronext Paris FR EUR 02. Jan 1992
BMV LHN N Registered Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
OTCPK HCML.Y ADR EACH REPR 0.20 ORD Pink Sheets LLC US USD 23. Oct 2008
DB HLBB ADR EACH REPR 0.20 ORD Deutsche Boerse AG DE EUR 23. Oct 2008
Number of employees
Current staff
Staff numbers
72,452
LafargeHolcim employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 07:48
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.