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Buzzi Unicem

DB:UCM1
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UCM1
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Buzzi Unicem SpA, together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Buzzi Unicem has significant price volatility in the past 3 months.
UCM1 Share Price and Events
7 Day Returns
12.2%
DB:UCM1
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
-29.4%
DB:UCM1
-26.7%
Europe Basic Materials
-16.6%
DE Market
UCM1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Buzzi Unicem (UCM1) 12.2% -20.6% -34% -29.4% -29.2% 1%
Europe Basic Materials 6.6% -18.2% -32.2% -26.7% -36.7% -34%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • UCM1 underperformed the Basic Materials industry which returned -26.7% over the past year.
  • UCM1 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
UCM1
Industry
5yr Volatility vs Market

Value

 Is Buzzi Unicem 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 Buzzi Unicem 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 Buzzi Unicem.

DB:UCM1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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:UCM1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
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- 24%) (40.87%))
1.048
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.048 * 8.23%)
8.23%

Discounted Cash Flow Calculation for DB:UCM1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Buzzi Unicem 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:UCM1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.23%)
2020 179.25 Analyst x4 165.61
2021 345.90 Analyst x5 295.27
2022 323.00 Analyst x3 254.75
2023 308.37 Est @ -4.53% 224.71
2024 298.23 Est @ -3.29% 200.79
2025 291.02 Est @ -2.42% 181.03
2026 285.76 Est @ -1.81% 164.23
2027 281.80 Est @ -1.38% 149.64
2028 278.74 Est @ -1.09% 136.75
2029 276.30 Est @ -0.88% 125.24
Present value of next 10 years cash flows €1,898.00
DB:UCM1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €276.30 × (1 + -0.39%) ÷ (8.23% – -0.39%)
€3,191.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,191.46 ÷ (1 + 8.23%)10
€1,446.66
DB:UCM1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,898.00 + €1,446.66
€3,344.66
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,344.66 / 205.20
€16.3
DB:UCM1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:UCM1 represents 0.49611x of BIT:BZU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.49611x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 16.30 x 0.49611
€8.09
Value per share (EUR) From above. €8.09
Current discount Discount to share price of €8.92
= -1 x (€8.92 - €8.09) / €8.09
-10.3%

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

  • The current share price of Buzzi Unicem is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Buzzi Unicem's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Buzzi Unicem's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:UCM1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.93
BIT:BZU Share Price ** BIT (2020-04-07) in EUR €17.98
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.52x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Buzzi Unicem.

DB:UCM1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:BZU Share Price ÷ EPS (both in EUR)

= 17.98 ÷ 1.93

9.3x

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

  • Buzzi Unicem is good value based on earnings compared to the Europe Basic Materials industry average.
  • Buzzi Unicem is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Buzzi Unicem's expected growth come at a high price?
Raw Data
DB:UCM1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-3%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:UCM1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.3x ÷ -3%

-3.08x

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

  • Buzzi Unicem earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Buzzi Unicem's assets?
Raw Data
DB:UCM1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €16.51
BIT:BZU Share Price * BIT (2020-04-07) in EUR €17.98
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.85x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:UCM1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:BZU Share Price ÷ Book Value per Share (both in EUR)

= 17.98 ÷ 16.51

1.09x

* Primary Listing of Buzzi Unicem.

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

  • Buzzi Unicem is overvalued based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess Buzzi Unicem'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. Buzzi Unicem has a total score of 2/6, 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.

Future Performance

 How is Buzzi Unicem expected to perform in the next 1 to 3 years based on estimates from 10 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
-3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Buzzi Unicem expected to grow at an attractive rate?
  • Buzzi Unicem's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Buzzi Unicem's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Buzzi Unicem's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:UCM1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:UCM1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -3%
DB:UCM1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 0.1%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
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:UCM1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:UCM1 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,140 538 347 4
2021-12-31 3,233 565 338 10
2020-12-31 2,844 385 263 6
2020-04-07
DB:UCM1 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 3,221 575 386
2019-09-30 3,139 501 390
2019-06-30 3,056 427 394
2019-03-31 2,966 379 388
2018-12-31 2,875 332 382
2018-09-30 2,834 311 390
2018-06-30 2,792 290 397
2018-03-31 2,801 330 394
2017-12-31 2,809 371 392
2017-09-30 2,754 223
2017-06-30 2,765 355 173
2017-03-31 2,809 201

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Buzzi Unicem's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Buzzi Unicem's revenue is expected to grow by 0.1% 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:UCM1 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 10 Analyst Estimates (S&P Global) See Below

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

DB:UCM1 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.71 1.92 1.37 5.00
2021-12-31 1.71 2.01 1.40 8.00
2020-12-31 1.19 1.51 0.72 7.00
2020-04-07
DB:UCM1 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2019-09-30
2019-06-30 1.93
2019-03-31 1.90
2018-12-31 1.87
2018-09-30 1.90
2018-06-30 1.93
2018-03-31 1.91
2017-12-31 1.90
2017-09-30 1.08
2017-06-30 0.84
2017-03-31 0.98

*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.
  • Buzzi Unicem is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Buzzi Unicem'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.
Buzzi Unicem has a total score of 0/6, 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.

Past Performance

  How has Buzzi Unicem 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 Buzzi Unicem'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.
  • Buzzi Unicem has delivered over 20% year on year earnings growth in the past 5 years.
  • Buzzi Unicem's 1-year earnings growth is less than its 5-year average (0.9% vs 25.4%)
  • Buzzi Unicem's earnings growth has not exceeded the Europe Basic Materials industry average in the past year (0.9% vs 20.8%).
Earnings and Revenue History
Buzzi Unicem'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 Buzzi Unicem Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UCM1 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,221.44 385.67 518.38
2019-09-30 3,138.74 389.69 521.86
2019-06-30 3,056.04 393.71 525.35
2019-03-31 2,965.70 387.92 524.29
2018-12-31 2,875.37 382.13 523.23
2018-09-30 2,833.90 389.58 518.58
2018-06-30 2,792.43 397.02 513.93
2018-03-31 2,800.63 394.32 513.95
2017-12-31 2,808.83 391.62 513.98
2017-09-30 2,754.40 222.62 528.37
2017-06-30 2,764.74 173.19 512.00
2017-03-31 2,809.18 201.07 521.03
2016-12-31 2,672.02 145.87 503.59
2016-09-30 2,667.41 185.60 519.52
2016-06-30 2,690.09 180.77 521.05
2016-03-31 2,692.93 170.49 496.04
2015-12-31 2,665.98 125.33 497.16
2015-09-30 2,609.62 182.76 491.06
2015-06-30 2,567.67 174.10 484.56
2015-03-31 2,527.23 128.88 476.71
2014-12-31 2,510.22 116.59 471.39
2014-09-30 2,519.94 -21.00 478.82
2014-06-30 2,546.68 -35.97 487.02
2014-03-31 2,567.17 -38.20 491.87
2013-12-31 2,515.67 -50.68 492.43
2013-09-30 2,563.79 -64.14 501.93
2013-06-30 2,613.77 -69.41 469.93

*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.
  • Buzzi Unicem has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Buzzi Unicem used its assets more efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • Buzzi Unicem has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Buzzi Unicem'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.
Buzzi Unicem has a total score of 3/6, 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.

Health

 How is Buzzi Unicem'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 Buzzi Unicem's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Buzzi Unicem is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Buzzi Unicem's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Buzzi Unicem'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 1.4x 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 Buzzi Unicem Company Filings, last reported 3 months ago.

DB:UCM1 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,690.82 1,275.78 837.40
2019-09-30 3,690.82 1,275.78 837.40
2019-06-30 3,398.23 1,315.58 634.28
2019-03-31 3,398.23 1,315.58 634.28
2018-12-31 3,145.66 1,273.24 440.50
2018-09-30 3,145.66 1,273.24 440.50
2018-06-30 3,005.97 1,583.51 762.21
2018-03-31 3,005.97 1,583.51 762.21
2017-12-31 2,854.38 1,598.06 815.33
2017-09-30 2,854.38 1,598.06 815.33
2017-06-30 2,745.28 1,551.44 631.91
2017-03-31 2,745.28 1,551.44 631.91
2016-12-31 2,809.36 1,558.72 606.85
2016-09-30 2,670.24 1,850.00 873.45
2016-06-30 2,592.36 1,900.85 850.85
2016-03-31 2,492.10 1,527.22 431.41
2015-12-31 2,581.94 1,545.52 506.34
2015-09-30 2,552.81 1,455.64 379.39
2015-06-30 2,561.55 1,508.34 394.32
2015-03-31 2,539.90 1,584.96 441.12
2014-12-31 2,365.51 1,481.78 416.19
2014-09-30 2,382.55 1,540.22 543.53
2014-06-30 2,218.61 1,552.32 448.36
2014-03-31 2,177.29 1,636.57 474.32
2013-12-31 2,304.42 1,627.62 528.66
2013-09-30 2,488.64 1,773.06 663.52
2013-06-30 2,557.19 1,676.78 497.63
  • Buzzi Unicem's level of debt (34.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (62.6% vs 34.6% today).
  • Debt is well covered by operating cash flow (45.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess Buzzi Unicem'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. Buzzi Unicem has a total score of 5/6, 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.

Dividends

 What is Buzzi Unicem'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
0.83%
Current annual income from Buzzi Unicem dividends. Estimated to be 0.99% next year.
If you bought €2,000 of Buzzi Unicem shares you are expected to receive €17 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?
  • Buzzi Unicem's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Buzzi Unicem's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase Buzzi Unicem before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:UCM1 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 10 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:UCM1 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.18 5.00
2021-12-31 0.20 10.00
2020-12-31 0.15 8.00
2020-04-07
DB:UCM1 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.150 0.914
2019-03-28 0.125 0.635
2018-04-17 0.120 0.668
2018-03-28 0.120 0.619
2017-04-21 0.100 0.450
2017-03-30 0.100 0.437
2016-04-18 0.075 0.390
2016-03-24 0.075 0.488
2015-04-17 0.050 0.341
2015-03-27 0.050 0.357
2014-04-04 0.050 0.428
2014-03-27 0.050 0.370
2013-04-18 0.050 0.405
2013-03-28 0.050 0.441
2012-04-19 0.050 0.569
2012-04-02 0.050 0.633
2011-11-11 0.000 0.000
2011-08-11 0.000 0.000
2011-08-05 0.000 0.000
2011-05-13 0.000 0.000
2011-04-01 0.000 0.000
2010-03-23 0.180 2.063

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

  • Buzzi Unicem is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Buzzi Unicem is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Buzzi Unicem's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Buzzi Unicem's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (10.4x coverage).
X
Income/ dividend checks
We assess Buzzi Unicem'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 Buzzi Unicem afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Buzzi Unicem has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Buzzi Unicem'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.
  • Buzzi Unicem has no CEO, or we have no data on them.
Management Team

Enrico Buzzi

TITLE
Executive Chairman of the Board
COMPENSATION
€244K
AGE
81

Pietro Buzzi

TITLE
Chief Executive of Finance & Executive Director
COMPENSATION
€330K
AGE
58
TENURE
2.9 yrs

Michele Buzzi

TITLE
Chief Executive Operations & Executive Director
COMPENSATION
€316K
AGE
56
TENURE
2.9 yrs

Agostino Pieressa

TITLE
Investor Relations Officer

Patrick Klein

TITLE
Group Treasurer & Financial Controller
Board of Directors Tenure

Average tenure and age of the Buzzi Unicem board of directors in years:

13.8
Average Tenure
71
Average Age
  • The average tenure for the Buzzi Unicem board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Enrico Buzzi

TITLE
Executive Chairman of the Board
COMPENSATION
€244K
AGE
81
TENURE
2.9 yrs

Veronica Buzzi

TITLE
Non-Executive Vice Chairman of the Board
COMPENSATION
€45K
AGE
48
TENURE
2.9 yrs

Sandro Buzzi

TITLE
Honorary Chairman
COMPENSATION
€98K
AGE
86

Pietro Buzzi

TITLE
Chief Executive of Finance & Executive Director
COMPENSATION
€330K
AGE
58
TENURE
20.3 yrs

Michele Buzzi

TITLE
Chief Executive Operations & Executive Director
COMPENSATION
€316K
AGE
56
TENURE
15.3 yrs

Maurizio Sella

TITLE
Non-Executive Independent Director
COMPENSATION
€60K
AGE
77
TENURE
21.3 yrs

Fabrizio Di Giusto

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€45K

Gianfelice Mario Rocca

TITLE
Non-Executive Independent Director
COMPENSATION
€45K
AGE
71
TENURE
17.3 yrs

Paolo Burlando

TITLE
Non-Executive Independent Director
COMPENSATION
€210K
AGE
57
TENURE
12.3 yrs

Elsa Fornero

TITLE
Non-Executive Independent Director
COMPENSATION
€45K
AGE
71
TENURE
6.3 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 Buzzi Unicem'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. Buzzi Unicem 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.

News

Simply Wall St News

Company Info

Description

Buzzi Unicem SpA, together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. The company has operations in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Russia, Mexico, and Brazil. Buzzi Unicem SpA was founded in 1907 and is based in Casale Monferrato, Italy.

Details
Name: Buzzi Unicem S.p.A.
UCM1
Exchange: DB
Founded: 1907
€3,359,383,892
205,203,820
Website: http://www.buzziunicem.it
Address: Buzzi Unicem S.p.A.
via Luigi Buzzi, 6,
Casale Monferrato,
Alessandria, 15033,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT BZU Ordinary Shares Borsa Italiana IT EUR 02. Jan 1992
OTCPK BZZU.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB UCM Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0NVQ Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG BZU Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE BZUM Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK BZZU.Y UNSPONSORD ADR Pink Sheets LLC US USD 24. Oct 2008
BIT BZUR Saving Shares Borsa Italiana IT EUR 02. Jan 1992
OTCPK BZZF.F Saving Shares Pink Sheets LLC US USD 02. Jan 1992
DB UCM1 Saving Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0NVR Saving Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE BZURM Saving Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
9,880
Buzzi Unicem employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:04
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/25
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.