Holcim Ltd Unsponsored ADR (HCMLY)
OTHER OTC:HCMLY
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Holcim Ltd Unsponsored ADR
(OTC:HCMLY)
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Rating:58Neutral
Price Target:
$20.00
â–²(1.01% Upside)
Action:DowngradedDate:03/03/26
The score is held back primarily by the 2025 deterioration in revenue, margins, and free cash flow, and by weak technical momentum (below key moving averages with a negative MACD). Offsetting factors include upbeat 2026 guidance and strong balance-sheet metrics discussed on the earnings call, plus a low P/E that supports valuation despite uncertainty around the unusually high stated dividend yield.
Positive Factors
Strong cash generation & low leverage
Holcim closed 2025 with CHF 2.2bn FCF and net-debt leverage of 0.9x, supporting durable financial flexibility. Sustained cash generation and mid-teens ROIC provide capacity to fund NextGen investments, dividends and selective M&A without immediate balance-sheet stress.
Negative Factors
2025 revenue, margin & FCF deterioration
A pronounced 2025 decline in revenue, margins and free cash flow weakens the operational cushion built over prior years. If sustained, this reduces capital allocation flexibility, raises refinancing sensitivity and could force tougher trade-offs between investment, dividends and M&A.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation & low leverage
Holcim closed 2025 with CHF 2.2bn FCF and net-debt leverage of 0.9x, supporting durable financial flexibility. Sustained cash generation and mid-teens ROIC provide capacity to fund NextGen investments, dividends and selective M&A without immediate balance-sheet stress.
Read all positive factors
Holcim Ltd Unsponsored ADR (HCMLY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$49.98B
Dividend Yield90.93%
Average Volume (3M)2.37K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue Growth-36.83%
EPS Growth-71.73%
CountryUS
Employees62,391
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)1.45
Shares Outstanding2,834,377,700
10 Day Avg. Volume7,116
30 Day Avg. Volume2,372
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)2.77
Price to Sales (P/S)2.71
P/FCF Ratio25.88
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue2.82
Enterprise Value/Gross Profit6.66
Enterprise Value/Ebitda12.52
Forecast
1Y Price Target
$17.00Price Target Upside-14.14% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.92
Revenue Forecast (FY)$20.77B
Holcim Ltd Unsponsored ADR Business Overview & Revenue Model
Company Description
Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company in the Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. It operates through four segments: Cement, Aggregates, Ready...
How the Company Makes Money
Holcim makes money primarily by manufacturing and selling building materials and construction solutions to distributors, contractors, and industrial customers. Its main revenue streams typically include: (1) Cement: revenue from the sale of cement...
Holcim Ltd Unsponsored ADR Earnings Call Summary
Earnings Call Date:Feb 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Positive
The call emphasized strong, broad-based profitable growth with meaningful margin expansion, robust free cash flow, a healthy balance sheet and clear mid‑term capital allocation (NextGen Growth 2030). Regional strengths (Europe, LatAm, North Africa/Australia) and traction in sustainable, high‑value solutions were repeatedly highlighted. Key headwinds include FX effects, some LatAm integration pressures and uncertainty around EU ETS/CCUS economics, but management portrayed these as manageable or temporary. Given the preponderance of positive operational and financial metrics, plus confident guidance for 2026 aligned with mid‑term targets, the tone of the call is overall constructive and upbeat.Positive Updates
Strong recurring EBIT growth and margin expansion
Recurring EBIT accelerated in Q4 (+12.2%) and achieved full-year recurring EBIT growth of 10.3% (12.2% organic growth), materially exceeding the 6%–10% target. Group recurring EBIT margin expanded by ~80 basis points to 18.3%.
Negative Updates
Foreign exchange headwinds
FX reduced sales by CHF 810 million (~5%) in 2025 and created profit headwinds (CHF 200 million cited, ~7% on one measure). Management expects FX headwinds in 2026 of roughly ~3% on sales and ~4%–5% on profit (with Q1 still challenging).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong recurring EBIT growth and margin expansion
Recurring EBIT accelerated in Q4 (+12.2%) and achieved full-year recurring EBIT growth of 10.3% (12.2% organic growth), materially exceeding the 6%–10% target. Group recurring EBIT margin expanded by ~80 basis points to 18.3%.
Read all positive updates
Company Guidance
Holcim guided for 2026 to organic net‑sales growth of 3–5% and organic recurring‑EBIT growth of 8–10%, with a further increase in recurring‑EBIT margin; it expects cash flow of around CHF 2.0 billion (after CHF 2.2bn FCF in 2025 and 54% cash conversion), plans 20%+ volume growth in circular construction in 2026, and will continue investing (CapEx was ~CHF 400m in 2025). The group closed 2025 with net‑debt leverage of 0.9x and a 2025 ROIC of 11.2%, remains committed to net leverage below 1.5x long term, and reconfirmed its NextGen Growth 2030 allocation: up to CHF 22bn deployment to 2030, CHF 7bn returned to shareholders (~50% payout) plus CHF 4–6bn capacity for large M&A or buybacks; the Board proposed a CHF 1.7 dividend (53% payout ratio, 2.4% post‑tax yield). Management also noted a move to organic‑growth guidance, an anticipated FX headwind of roughly –3% on sales and –4–5% on profit (estimate), and reiterated disciplined pricing, cost and capital allocation as drivers of the targets.Holcim Ltd Unsponsored ADR Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.72B | 26.41B | 27.01B | 29.19B | 26.83B |
| Gross Profit | 6.66B | 11.68B | 11.50B | 11.61B | 11.54B |
| EBITDA | 3.51B | 6.83B | 6.82B | 5.34B | 6.42B |
| Net Income | 804.15M | 2.93B | 3.06B | 3.31B | 2.30B |
Balance Sheet | |||||
| Total Assets | 33.64B | 54.28B | 52.69B | 57.60B | 59.88B |
| Cash, Cash Equivalents and Short-Term Investments | 5.45B | 5.35B | 6.09B | 9.83B | 6.69B |
| Total Debt | 9.52B | 12.92B | 13.12B | 14.91B | 16.61B |
| Total Liabilities | 17.54B | 26.33B | 25.90B | 27.99B | 29.41B |
| Stockholders Equity | 15.39B | 27.24B | 26.00B | 28.67B | 27.68B |
Cash Flow | |||||
| Free Cash Flow | 1.65B | 4.02B | 3.96B | 3.01B | 3.51B |
| Operating Cash Flow | 2.66B | 5.67B | 5.47B | 4.56B | 5.04B |
| Investing Cash Flow | -1.87B | -2.04B | -3.47B | 2.08B | -4.71B |
| Financing Cash Flow | -60.17M | -4.37B | -5.22B | -3.25B | 1.11B |
Holcim Ltd Unsponsored ADR Technical Analysis
Positive
19.80
Price Trends
17.64
Positive
18.55
Positive
17.77
Positive
Market Momentum
0.37
Negative
64.89
Neutral
92.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HCMLY, the sentiment is Positive. The current price of 19.8 is above the 20-day moving average (MA) of 17.24, above the 50-day MA of 17.64, and above the 200-day MA of 17.77, indicating a bullish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 64.89 is Neutral, neither overbought nor oversold. The STOCH value of 92.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HCMLY.
Holcim Ltd Unsponsored ADR Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $18.60B | 1.84 | 3.40% | 0.74% | 5.01% | -67.33% | |
74 Outperform | $38.58B | 54.27 | 13.10% | 0.67% | 7.41% | 19.13% | |
70 Outperform | $6.63B | 16.19 | 28.78% | 0.47% | 1.44% | -5.89% | |
70 Outperform | $36.90B | 5.87 | 11.90% | 0.51% | -1.28% | 140.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $49.98B | -20.70 | 78.14% | 90.93% | -36.83% | -71.73% |
* Basic Materials Sector Average
HCMLY
Holcim Ltd Unsponsored ADR
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5.22
38.99%
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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.