Buzzi SpA (BZU) AI Stock Analysis

• Market Cap: €8.87B
• Dividend Yield: 1.35%
• Average Volume (3M): 546.94K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.73
• Revenue Growth: 5.34%
• EPS Growth: -3.46%
• Country: IT
• Employees: 10,061
• Sector: General
• Sector Strength: N/A
• Industry: Construction Materials
• EPS (TTM): 2.13
• Shares Outstanding: 192,626,160
• 10 Day Avg. Volume: 640,590
• 30 Day Avg. Volume: 546,940
• PEG Ratio: -4.52
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 1.51
• P/FCF Ratio: 13.47
• 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: €51.15
• Price Target Upside: 4.90% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: €56.00 ▲(14.85% Upside)

The score is driven primarily by strong financial performance (profitability, stable leverage, and solid cash generation). Valuation is supportive with a relatively low P/E, while technical indicators are mixed-to-weak in the near term, limiting the overall score.

Positive Factors

Profitability / Margins

Buzzi’s strong gross, EBIT and EBITDA margins indicate durable pricing power and operational efficiency across its cement and concrete operations. Sustained margins strengthen resilience through construction cycles, enabling ongoing plant reinvestment, product development and cushioning commodity cost volatility.

Cash Generation

Consistent positive free cash flow provides durable internal funding for maintenance, capacity investments and targeted acquisitions. Reliable cash generation reduces dependence on external financing, supports steady dividends and debt paydown, and raises strategic optionality for long-term growth.

Balance Sheet Strength

A healthy balance sheet with prudent leverage and a solid equity ratio gives Buzzi financial stability. Lower debt exposure reduces refinancing and solvency risk, preserves capacity to fund capex or M&A internally, and enhances resilience to cyclical downturns in construction markets.

Negative Factors

Asset Utilization

Management’s note that asset utilization needs improvement implies capital intensity isn’t fully converted into output. In the cement sector, suboptimal asset turns restrain return on invested capital, limiting margin expansion and requiring efficiency programs or higher volumes to justify assets.

Free Cash Flow Growth

Although FCF is positive, only moderate free cash flow growth constrains the pace of strategic investments, accelerated debt reduction or higher shareholder returns. Slower FCF growth reduces flexibility to scale operations or pursue consolidation without tapping external capital sources.

EPS Trend

Negative EPS growth despite revenue increases signals per-share profitability pressure, which could stem from rising costs, margin compression or one-offs. Persistent EPS declines can limit retained earnings accumulation and curb long-term shareholder return and reinvestment capacity.

Buzzi SpA Business Overview & Revenue Model

Company Description

Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. It also offers special binders, safety sheets, and clinkers, as well as construction hydraulic binders for making plasters and masonry works on site. 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 S.p.A. was founded in 1872 and is headquartered in Casale Monferrato, Italy.

How the Company Makes Money

Buzzi SpA generates revenue primarily through the sale of cement, concrete, and aggregates. The company’s main revenue streams include the production and distribution of different types of cement for residential, commercial, and industrial construction projects, as well as ready-mix concrete and various aggregate materials required for construction. Buzzi SpA benefits from long-term contracts with construction firms and governments, which provide a stable and predictable income stream. Additionally, the company has established strategic partnerships with key players in the construction industry, enhancing its market presence and enabling access to larger projects. Factors contributing to its earnings include the demand for construction materials driven by urbanization, infrastructure development, and ongoing investments in sustainable building practices.

Buzzi SpA Financial Statement Overview

Summary

Strong profitability and operational efficiency (solid gross, EBIT and EBITDA margins) supported by positive revenue growth. Balance sheet leverage is prudent with good ROE, and cash generation is sound with positive free cash flow, though asset utilization and free cash flow growth are only moderate.

Income Statement

Buzzi SpA demonstrates strong profitability with a consistent gross profit margin and robust net profit margin. The company has managed to sustain positive revenue growth over the years, reflecting its strong market position. EBIT and EBITDA margins also indicate operational efficiency, making the company a solid performer in its industry.

Balance Sheet

Buzzi SpA maintains a healthy balance sheet with a low debt-to-equity ratio, signifying prudent leverage and financial stability. The return on equity is commendable, highlighting efficient use of shareholder funds. The equity ratio suggests a solid capital structure, though there is room for improvement in asset utilization.

Cash Flow

The company's cash flow statement reveals a positive free cash flow trend, which is crucial for funding operations and investments. The operating cash flow to net income ratio indicates strong cash generation relative to earnings, though free cash flow growth has been moderate. Overall, cash management is sound, supporting the company's growth initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.45B	4.31B	4.32B	4.00B	3.45B	3.22B
Gross Profit	1.96B	1.95B	1.89B	1.49B	1.32B	1.33B
EBITDA	1.46B	1.42B	1.43B	893.20M	920.47M	990.57M
Net Income	906.88M	942.32M	966.54M	458.79M	541.90M	560.25M
Balance Sheet
Total Assets	8.67B	8.69B	7.62B	7.50B	6.92B	6.39B
Cash, Cash Equivalents and Short-Term Investments	1.27B	1.41B	1.12B	1.34B	1.21B	1.22B
Total Debt	601.58M	607.57M	665.47M	1.29B	1.22B	1.32B
Total Liabilities	2.06B	2.08B	1.98B	2.59B	2.55B	2.78B
Stockholders Equity	6.56B	6.60B	5.63B	4.91B	4.37B	3.60B
Cash Flow
Free Cash Flow	533.26M	484.20M	520.79M	127.98M	377.21M	360.67M
Operating Cash Flow	980.35M	932.62M	818.80M	394.71M	591.66M	588.81M
Investing Cash Flow	-471.69M	-240.34M	-304.11M	-141.16M	-334.04M	-8.64M
Financing Cash Flow	-484.74M	-410.10M	-704.43M	-152.40M	-331.57M	-133.63M

Buzzi SpA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 48.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BZU, the sentiment is Neutral. The current price of 48.76 is below the 20-day moving average (MA) of 50.45, below the 50-day MA of 51.29, and above the 200-day MA of 47.90, indicating a neutral trend. The MACD of -0.88 indicates Positive momentum. The RSI at 43.06 is Neutral, neither overbought nor oversold. The STOCH value of 22.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:BZU.

Buzzi SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAN	79 Outperform	€3.93B	20.42	8.18%	0.62%	-1.69%	-7.64%
CMB	76 Outperform	€1.17B	25.66	21.53%	2.75%	6.00%	20.37%
CEM	75 Outperform	€2.97B	16.58	10.89%	1.48%	0.39%	-14.36%
BZU	73 Outperform	€8.87B	9.60	14.45%	1.35%	5.34%	-3.46%
WBD	73 Outperform	€3.49B	13.96	15.86%	2.32%	21.15%	17.26%
ERG	69 Neutral	€3.35B	23.96	6.61%	4.61%	-3.04%	-39.96%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%