HeidelbergCement AG (HEI.DE) stock analysis

In our weekly check, HeidelbergCement AG is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 3.

About HeidelbergCement AG

HeidelbergCement AG is a Basic Materials company (Construction Materials) based in Germany, listed on XETRA as HEI.DE.

What our checks show for HEI.DE

Red flags

• The gross margin fell by 30.5 points, to 30.9%: costs are rising faster than prices.
• The stock has fallen as much as 83% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 15.5 years.

Warning signs

• Revenue grew only 0.6% a year over the last 3 years.
• The net margin is only 9%: little room if costs rise.
• The price swings a lot: 37.7% annual volatility. Expect large ups and downs.
• Thinly traded (about 428 thousand shares a day): buying and selling can move the price.
• Return on capital (ROCE) is only 9.6%.

Strengths

• Net debt is only 1.3x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 12.2 times over.
• Operating cash flow is 1.68x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 13.7% a year over the next years.
• The dividend takes 27% of profit: there is a cushion.
• A large company: market value $29.08 billion.

Next earnings report: 2026-11-04

Similar companies

MLM · AMRZ · SGO.PA · VMC · HOLN.SW · KRX.IR

Questions

What grade does HeidelbergCement AG (HEI.DE) have?

In our weekly check, HeidelbergCement AG is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of HEI.DE stock?

This week's biggest flags for HeidelbergCement AG: Gross margin falling, Deep past fall, Slow recovery after falls. In total 8 of 25 checks show a warning or a red flag.

What does HeidelbergCement AG do?

HeidelbergCement AG is a Basic Materials company (Construction Materials) based in Germany, listed on XETRA as HEI.DE.

When does HeidelbergCement AG report earnings next?

The next earnings report is expected on 2026-11-04. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

Open the full analysis