INMOCEMENTO SA (ES:IMC)
BME:IMC
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INMOCEMENTO SA
(BME:IMC)
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Rating:75Outperform
Price Target:
€4.50
▲(29.31% Upside)
Action:UpgradedDate:03/06/26
The score is driven mainly by strong financial performance (profitability rebound and improving leverage) and an attractive low P/E valuation. Offsetting these positives, technical signals are mixed with near-term softness, and cash conversion risk remains due to relatively low operating cash flow versus net income and historical earnings volatility.
Positive Factors
Profitability rebound and revenue acceleration
A material profitability rebound and sharp revenue acceleration in 2025 indicate improved business economics and pricing or mix gains. Sustained higher margins and larger scale can fund reinvestment, improve resilience across cycles, and support consistent cash generation over the medium term.
Negative Factors
Cash conversion risk: OCF lagging earnings
When operating cash flow persistently trails net income it signals earnings may rely on non-cash items or working-capital timing. This weakens earnings quality, can strain liquidity during downturns, raises refinancing risk, and complicates reliable free-cash-flow forecasting over months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound and revenue acceleration
A material profitability rebound and sharp revenue acceleration in 2025 indicate improved business economics and pricing or mix gains. Sustained higher margins and larger scale can fund reinvestment, improve resilience across cycles, and support consistent cash generation over the medium term.
Read all positive factors
INMOCEMENTO SA (IMC) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€1.72B
Dividend YieldN/A
Average Volume (3M)16.00K
Price to Earnings (P/E)4.7
Beta (1Y)0.45
Revenue GrowthN/A
EPS GrowthN/A
CountryES
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryConstruction Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding454,878,140
10 Day Avg. Volume16,949
30 Day Avg. Volume15,999
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.63
Price to Sales (P/S)1.69
P/FCF Ratio6.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.44
Revenue Forecast (FY)€1.15B
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 pr...
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...
INMOCEMENTO SA Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
73
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 966.98M | 943.93M | 867.67M | 794.86M | 589.82M |
| Gross Profit | 938.07M | 571.45M | 470.33M | 370.18M | 347.01M |
| EBITDA | 318.91M | 308.29M | 264.92M | 170.89M | 114.09M |
| Net Income | 346.56M | 151.60M | 225.24M | -116.11M | 131.22M |
Balance Sheet | |||||
| Total Assets | 4.71B | 4.60B | 4.54B | 4.09B | 4.17B |
| Cash, Cash Equivalents and Short-Term Investments | 264.79M | 151.86M | 64.31M | 110.62M | 127.03M |
| Total Debt | 741.43M | 1.01B | 1.30B | 980.85M | 1.17B |
| Total Liabilities | 1.43B | 1.67B | 1.88B | 1.78B | 1.60B |
| Stockholders Equity | 2.58B | 2.24B | 1.89B | 1.59B | 1.69B |
Cash Flow | |||||
| Free Cash Flow | 265.40M | 285.24M | 236.37M | 120.07M | 147.27M |
| Operating Cash Flow | 312.16M | 336.57M | 280.15M | 153.04M | 164.89M |
| Investing Cash Flow | 141.07M | -49.34M | -181.98M | -168.09M | 34.31M |
| Financing Cash Flow | -330.99M | -218.11M | -87.86M | -17.14M | -128.34M |
INMOCEMENTO SA Technical Analysis
Neutral
3.48
Price Trends
3.89
Negative
3.72
Positive
3.61
Positive
Market Momentum
-0.04
Positive
44.05
Neutral
68.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:IMC, the sentiment is Neutral. The current price of 3.48 is below the 20-day moving average (MA) of 3.87, below the 50-day MA of 3.89, and below the 200-day MA of 3.61, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 44.05 is Neutral, neither overbought nor oversold. The STOCH value of 68.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ES:IMC.
INMOCEMENTO SA Peers Comparison
UnderperformOutperform
Sector (65)
ES:IMC
INMOCEMENTO SA
3.80
0.82
27.35%
ES:MTB
Montebalito
1.82
0.37
25.52%
ES:REN
Renta Corporacion Real Estate ate ate
0.84
0.03
3.19%
ES:ARM
Arima Real Estate SOCIMI SA
10.98
0.94
9.41%
ES:YMCS
Miciso Real Estate SOCIMI SA
1.00
0.00
0.00%
ES:YTCH
TECHO HOGAR SOCIMI, S.A.
1.12
0.10
9.80%
INMOCEMENTO SA Corporate Events
INMOCEMENTO Reveals Highly Concentrated Ownership in Annual Governance Filing
Feb 26, 2026
INMOCEMENTO, S.A., a Barcelona-based listed company in the broader real estate and construction-related sector, has a share capital of €227.4 million divided into 454.9 million ordinary shares with equal voting rights. The company does not u...
Inmocemento Outlines Conservative Director Pay Policy for 2024–2026
Feb 26, 2026
Inmocemento, S.A. has detailed its director remuneration policy for 2024 to 2026, confirming a mixed system that combines a share in net profits with attendance fees for board and committee meetings. The company states that the policy aims to ensu...
INMOCEMENTO SA Outlines Detailed Report on Somnia Mar Housing Development in Badalona
Feb 26, 2026
INMOCEMENTO SA has issued a structured report on its Somnia Mar and housing development project in Badalona, Barcelona, outlining key sections such as relevant events, executive summary, performance by areas, and financial statements. The document...
INMOCEMENTO Strengthens Balance Sheet With Higher Assets and Cash in 2025
Feb 26, 2026
INMOCEMENTO, S.A. reported a substantial expansion of its balance sheet in the second half of 2025, with total assets rising to €2.09 billion from €1.92 billion a year earlier. Growth was driven mainly by non-current assets, especially...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.