INMOCEMENTO SA (IMC) AI Stock Analysis

• Market Cap: €1.86B
• Dividend Yield: N/A
• Average Volume (3M): 16.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: ES
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Construction Materials
• EPS (TTM): N/A
• Shares Outstanding: 454,878,140
• 10 Day Avg. Volume: 16,949
• 30 Day Avg. Volume: 15,999
• PEG Ratio: -0.01
• Price to Book (P/B): 0.09
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 0.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.44
• Revenue Forecast (FY): €1.15B

• Rating: 64 Neutral
• Price Target: €4.00 ▲(14.94% Upside)
• Action: Reiterated Date: 10/24/25
• Date: Action: Reiterated 10/24/25

The overall stock score of 64 reflects strong financial performance with robust cash flow and stable balance sheet, which are the most significant factors. Technical analysis shows moderate momentum without strong buy or sell signals. The lack of valuation data and earnings call information limits further assessment.

Positive Factors

Cash Generation

Sustained free cash flow growth indicates strong operating cash conversion and internal funding capacity. Over 20% FCF expansion supports capex, dividends, or debt repayment without relying on external financing, enhancing long-term financial flexibility and resilience.

Balance Sheet Strength

A near-50% equity ratio and lower leverage reflect prudent capital structure, reducing solvency risk in a cyclical industry. Improved debt-to-equity supports stable financing costs and gives room to invest or absorb downturns, underpinning durable financial stability.

Profitability and Margins

High gross and operating margins point to efficient production and cost management in core cement operations. Durable margin structure provides pricing power and buffer against input cost fluctuations, supporting sustained profitability across cycles.

Negative Factors

Declining Return on Equity

A drop in ROE to mid-single digits signals weaker profitability relative to capital employed, which can pressure investor returns and limit capacity to attract investment. Improving asset returns will be needed to justify reinvestment and sustain growth.

Net Income Weakness

A meaningful fall in net income reduces retained earnings and free cash conversion upside despite robust operating margins. Persistent net income volatility could constrain reinvestment, dividend capacity, and the ability to fund strategic initiatives long term.

Cyclical Demand Exposure

Reliance on seasonal and macro-driven construction activity creates durable revenue cyclicality. Economic slowdowns or shifts in public infrastructure spending can materially reduce volumes and utilization, increasing revenue volatility and working capital stress.

INMOCEMENTO SA Business Overview & Revenue Model

Company Description

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses. The company is involved in the leasing and management of office buildings, premises, and shopping centres; development and operation of rental housing projects; promotion and sale of housing projects; and provision of urban land management services. It also manufactures and markets cement and its derivatives, such as concrete, mortar, and aggregates. The company was incorporated in 2024 and is based in Barcelona, Spain. Inmocemento S.A. operates as a subsidiary of Fomento de Construcciones y Contratas, S. A.

How the Company Makes Money

INMOCEMENTO SA generates revenue primarily through the sale of cement and associated construction materials. The company’s revenue model is built on several key streams, including direct sales to contractors, builders, and large-scale construction firms. Additionally, IMC may engage in strategic partnerships with construction companies and government contracts for infrastructure projects, which provide significant revenue opportunities. The company also focuses on expanding its distribution network and enhancing product offerings, which helps to capture a larger market share and increase sales volume. Seasonal demand for construction materials, influenced by economic cycles and government infrastructure spending, also plays a critical role in the company’s earnings.

INMOCEMENTO SA Financial Statement Overview

Summary

INMOCEMENTO SA demonstrates strong financial health with consistent revenue growth and solid profitability margins. The balance sheet reflects stability with a good equity base and declining leverage. Cash flow generation is robust, supporting operational efficiency. However, the decline in net income and ROE suggests areas for improvement to enhance overall profitability.

Income Statement

INMOCEMENTO SA has shown consistent revenue growth with a notable increase from 2023 to 2024. The gross profit margin improved to 59.43% in 2024, indicating strong cost management. Net profit margin decreased slightly to 16.06% due to a significant drop in net income, but EBIT and EBITDA margins remained robust at 29.95% and 33.32%, respectively. Overall, profitability metrics demonstrate a solid performance, with room for improvement in net income.

Balance Sheet

The company maintains a healthy equity base, with an equity ratio of 48.60% in 2024, providing stability. The debt-to-equity ratio improved to 0.46, reflecting prudent financial management. Return on Equity (ROE) decreased to 6.77% due to lower net income. While the company is well-capitalized, the drop in ROE suggests a need for improved profitability.

Cash Flow

Cash flow performance is strong, with a 20.67% growth in free cash flow from 2023 to 2024, indicating efficient cash generation. Operating cash flow to net income ratio stands at 2.22, highlighting robust cash conversion efficiency. The free cash flow to net income ratio is 1.88, underscoring effective cash management despite the dip in net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	446.36M	943.93M	867.67M	794.86M	589.82M
Gross Profit	272.32M	571.45M	470.33M	370.18M	347.01M
EBITDA	157.37M	308.29M	264.92M	170.89M	114.09M
Net Income	232.88M	151.60M	225.24M	-116.11M	131.22M
Balance Sheet
Total Assets	4.84B	4.60B	4.54B	4.09B	4.17B
Cash, Cash Equivalents and Short-Term Investments	387.84M	151.86M	64.31M	110.62M	127.03M
Total Debt	912.85M	1.01B	1.30B	980.85M	1.17B
Total Liabilities	1.65B	1.67B	1.88B	1.78B	1.60B
Stockholders Equity	2.46B	2.24B	1.89B	1.59B	1.69B
Cash Flow
Free Cash Flow	131.16M	285.24M	236.37M	120.07M	147.27M
Operating Cash Flow	145.68M	336.57M	280.15M	153.04M	164.89M
Investing Cash Flow	171.07M	-49.34M	-181.98M	-168.09M	34.31M
Financing Cash Flow	-73.50M	-218.11M	-87.86M	-17.14M	-128.34M

INMOCEMENTO SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:IMC, the sentiment is Positive. The current price of 3.48 is below the 20-day moving average (MA) of 4.05, below the 50-day MA of 3.81, and below the 200-day MA of 3.55, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 64.15 is Neutral, neither overbought nor oversold. The STOCH value of 64.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:IMC.

INMOCEMENTO SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
IMC	64 Neutral	€1.86B	―	―	―	―	―
ARM	50 Neutral	€293.24M	-14.27	-6.13%	―	4.98%	41.96%