Holcim Argentina makes cement, ready-mix concrete and aggregates for the local construction market, selling mainly through its own plants and distribution network in Argentina. The structural case rests on Argentina's chronic housing and infrastructure deficit, which keeps long-run cement demand well above what the current cycle shows. The problem is the cycle itself: revenue fell 5.3% and operating margin is at -19.1%, with gross margin of only 21.3%, so the business is currently losing money on operations. The stock trades at a forward P/E of 47.7 on earnings that are not yet there, and ROE of -9.5% leaves no evidence of a turnaround. Score 34/100 and no index membership reflect that. It deserves a deeper look only if you have a view on when Argentine construction volumes and pricing recover enough to lift margins back to positive territory.
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.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 20 Oct 2026, 02:20 CEST | ACCE price target | ARS 1050 | first publication | ARS 1260 |
Answered from Holcim Argentina SA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| HARG.BA Holcim Argentina SA | ARS 1300.00 | - | - | - | -9.5% | 35 | 33 |
| MSLH.L Marshalls plc | £1.66 | £2 | 10% below | 20.8x | 3.1% | 59 | 65 |
| RMIX Suncrete Inc. Class A Common Stock | $9.35 | - | - | 24.6x | -15.7% | 39 | 38 |
| 2009.HK BBMG Corporation | HK$0.59 | - | - | - | -3.0% | 13 | 21 |
| CPAC Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five Common Shares) | $12.77 | $9 | 44% above | 18.0x | 16.0% | 67 | 82 |
| LOMA Loma Negra Compania Industrial Argentina Sociedad Anonima ADS | $9.44 | - | - | 31.5x | 3.8% | 47 | 52 |
| LOMA.BA Loma Negra Compania Industrial Argentina SA | ARS 3065.00 | - | - | 35.6x | 3.8% | 47 | 53 |
Where HARG.BA ranks against its sector peers on each metric.