Cementir Holding makes cement, ready-mixed concrete and aggregates, and its Danish and Turkish operations give it exposure to construction markets that most European cement peers lack. The company trades on 11.7x trailing and 9.5x forward earnings, a discount to where building-materials names usually sit, despite a 14.5% operating margin and a 58.3% gross margin. Revenue is growing 5.5%, and a 10.2% ROE suggests the capital base is earning a reasonable return rather than simply being carried on the balance sheet. The stock is outside any major index, which may explain part of the discount and would be worth testing before assuming the multiple is mispriced. The obvious next step is to check how much of the forward multiple reflects the Turkish currency exposure and whether margins hold as volumes recover.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €14.00 | first publication | €12.63 |
Answered from Cementir Holding N.V. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| CEM.MI Cementir Holding N.V. | €12.70 | - | - | 11.8x | 10.2% | 67 | 59 |
| FBU.AX Fletcher Building Limited | A$2.70 | A$2 | 31% above | 16.4x | 5.5% | 56 | 53 |
| TTAM Titan America SA Common Shares | $13.77 | $16 | 12% below | 14.3x | 17.4% | 64 | 49 |
| CMO.MC Cementos Molins, S.A. | €35.40 | €43 | 18% below | 11.2x | 13.7% | 79 | 56 |
| 5233.T Taiheiyo Cement Corporation | ¥4055.00 | - | - | 16.7x | 4.2% | 43 | 62 |
| TGLS Tecnoglass Inc. Ordinary Shares | $38.72 | $53 | 27% below | 13.4x | 17.0% | 71 | 54 |
| VCT.PA Vicat S.A. | €58.20 | €85 | 31% below | 9.1x | 10.2% | 59 | 59 |
Where CEM.MI ranks against its sector peers on each metric.