CRH is a diversified international building materials company. Co. is engaged in the manufacture and distribution of a range of building materials products from the fundamentals of heavy materials and elements to construct the frame, through value-added products that complete the building envelope, to distribution channels which service construction fit-out and renewal. Co. operates seven operating segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia.
  • TickerCRG
  • ISINIE0001827041
  • ExchangeIrish Stock Exchange
  • SectorConstruction & Materials
  • CountryIreland

Analysts

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/17/2019

We reiterate our Buy recommendation with a target price of € 15.60. Aside from the restoration of the market’s confidence, the key point is the upcoming strategic plan expected to be unveiled at end-2019. It should be based on enhancing the operating performance and resuming value creation, which should in turn act as a catalyst for the group's re-rating. Our analysis of the various strategic options indicates a positive risk-reward profile. - ...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/07/2019

Nous réitérons notre opinion Achat avec un OC de 15.60 €. Au-delà du retour à la confiance du marché, l’enjeu demeure le prochain plan stratégique qui sera dévoilé en fin d’année 2019. Il devra être fondé sur un socle d’amélioration de la performance opérationnelle et de retour à la création de valeur afin de constituer le catalyseur d’une revalorisation du groupe. Notre analyse des différentes options stratégiques aboutit à un risk reward positif. - ...

Sven Edelfelt ...
  • Virginie Rousseau

CRH : A disposal to provide the means to acquire Eagle Materials’ cement assets

>End of the line for distribution - CRH has announced the signature of an agreement for the divestment of its Europe Distribution to the private equity funds managed by Blackstone for an EV of € 1.64bn (excluding a consideration of € 50m subject to respecting of a number of other contractual clauses). In 2018, this segment generated sales of € 3.86bn (i.e. 14% of group sales) and an EBITDA of € 181m (i.e. 5% of group EBITDA). On this basis, the price paid stands at 10...

Sven Edelfelt ...
  • Virginie Rousseau

CRH : Une cession pour mieux racheter les actifs ciment de Eagle Materials

>Clap de fin pour la distribution - CRH a annoncé avoir conclu un accord pour céder sa branche Europe Distribution à des fonds de private equity gérés par Blackstone pour une VE de 1.64°Md€ (hors contrepartie de 50 M€ soumise au respect de certaines autres clauses contractuelles). En 2018, ce segment a généré un chiffre d’affaires de 3.86°Md€ (soit 14% du chiffre d’affaires groupe) et un EBITDA de 181 M€ (soit 5% de l’EBITDA groupe). Sur cette base le multiple de VE/E...

Kristoffer Inton

Morningstar | CRH Sells European Distribution Business for Good Price; Slight Increase to FVE

On July 16, CRH announced the sale of its European distribution business to Blackstone for EUR 1.6 billion in cash. After accounting for year-to-date portfolio changes, the European distribution business generated EUR 3.7 billion in sales and EUR 155 million in EBITDA. We think CRH received slightly above fair value for the asset sale, slightly offset by a stronger U.S. dollar since our last update. Having updated our model to reflect these changes, we’ve raised our fair value estimates to $36 and GBX 2,900 per share, respectively, up from $35.50 and GBX 2,700, respectively. Our no-moat ratin...

Eric Lemarie

CRH: Positive start of the year | BUY | EUR38(+27%)

CRH - BUY | EUR38(+27%) Positive start of the year 7% organic top line growth in Q1 Still busy on the M&A side Positive guidance but not very precise yet Share-buy-back to continue

CRH plc - December 2016 (LTM): Peer Snapshot

Peer Snapshot: CRH plc - December 2016 (LTM) 30 March 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM

Sven Edelfelt ...
  • Virginie Rousseau

CRH : A disposal to provide the means to acquire Eagle Materials’ cement assets

>End of the line for distribution - CRH has announced the signature of an agreement for the divestment of its Europe Distribution to the private equity funds managed by Blackstone for an EV of € 1.64bn (excluding a consideration of € 50m subject to respecting of a number of other contractual clauses). In 2018, this segment generated sales of € 3.86bn (i.e. 14% of group sales) and an EBITDA of € 181m (i.e. 5% of group EBITDA). On this basis, the price paid stands at 10...

Sven Edelfelt ...
  • Virginie Rousseau

CRH : Une cession pour mieux racheter les actifs ciment de Eagle Materials

>Clap de fin pour la distribution - CRH a annoncé avoir conclu un accord pour céder sa branche Europe Distribution à des fonds de private equity gérés par Blackstone pour une VE de 1.64°Md€ (hors contrepartie de 50 M€ soumise au respect de certaines autres clauses contractuelles). En 2018, ce segment a généré un chiffre d’affaires de 3.86°Md€ (soit 14% du chiffre d’affaires groupe) et un EBITDA de 181 M€ (soit 5% de l’EBITDA groupe). Sur cette base le multiple de VE/E...

Kristoffer Inton

Morningstar | CRH Sells European Distribution Business for Good Price; Slight Increase to FVE

On July 16, CRH announced the sale of its European distribution business to Blackstone for EUR 1.6 billion in cash. After accounting for year-to-date portfolio changes, the European distribution business generated EUR 3.7 billion in sales and EUR 155 million in EBITDA. We think CRH received slightly above fair value for the asset sale, slightly offset by a stronger U.S. dollar since our last update. Having updated our model to reflect these changes, we’ve raised our fair value estimates to $36 and GBX 2,900 per share, respectively, up from $35.50 and GBX 2,700, respectively. Our no-moat ratin...

Kristoffer Inton

Morningstar | CRH Sells European Distribution Business for Good Price; Slight Increase to FVE. See Updated Analyst Note from 16 Jul 2019

On July 16, CRH announced the sale of its European distribution business to Blackstone for EUR 1.6 billion in cash. After accounting for year-to-date portfolio changes, the European distribution business generated EUR 3.7 billion in sales and EUR 155 million in EBITDA. We think CRH received slightly above fair value for the asset sale, slightly offset by a stronger U.S. dollar since our last update. Having updated our model to reflect these changes, we’ve raised our fair value estimates to $36 and GBX 2,900 per share, respectively, up from $35.50 and GBX 2,700, respectively. Our no-moat ratin...

Kristoffer Inton

CRH Sells European Distribution Business for Good Price; Slight Increase to FVE

On July 16, CRH announced the sale of its European distribution business to Blackstone for EUR 1.6 billion in cash. After accounting for year-to-date portfolio changes, the European distribution business generated EUR 3.7 billion in sales and EUR 155 million in EBITDA. We think CRH received slightly above fair value for the asset sale, slightly offset by a stronger U.S. dollar since our last update. Having updated our model to reflect these changes, we’ve raised our fair value estimates to $36 a...

1 director bought

A director at CRH bought 5,260 shares at 27.940EUR and the significance rating of the trade was 77/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members a...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/17/2019

We reiterate our Buy recommendation with a target price of € 15.60. Aside from the restoration of the market’s confidence, the key point is the upcoming strategic plan expected to be unveiled at end-2019. It should be based on enhancing the operating performance and resuming value creation, which should in turn act as a catalyst for the group's re-rating. Our analysis of the various strategic options indicates a positive risk-reward profile. - ...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/07/2019

Nous réitérons notre opinion Achat avec un OC de 15.60 €. Au-delà du retour à la confiance du marché, l’enjeu demeure le prochain plan stratégique qui sera dévoilé en fin d’année 2019. Il devra être fondé sur un socle d’amélioration de la performance opérationnelle et de retour à la création de valeur afin de constituer le catalyseur d’une revalorisation du groupe. Notre analyse des différentes options stratégiques aboutit à un risk reward positif. - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/05/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/06/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/25/2019

...

CRH PLC. with less fundamental stars is reduced to Neutral

CRH PLC. (GB), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 21, 2019, the closing price was GBp 2,512.00 and its expected value was estimated at GB...

CRH PLC. with less fundamental stars is reduced to Neutral

CRH PLC. (IE), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 14, 2019, the closing price was EUR 28.41 and its expected value was estimated at EUR 2...

Nurhayati Wan

CRH PLC

Nurhayati Wan

CRH PLC

Nurhayati Wan

CRH PLC

MarketLine Department

Wienerberger AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Wienerberger AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Wienerberger AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

MarketLine Department

Imerys SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Imerys SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Imerys SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights Thi...

Expert Corporate Governance Service (ECGS)

CRH - AGM 26 April 2019

Item 4: Approve the Remuneration Policy Last year, the remuneration report was only approved by 57.7% of shareholders.  The Company states that they have engaged with shareholders about the new policy, which is submitted for approval. As it is not incorporated in the UK, the Company is not required by law to seek such approval. The changes proposed to the Remuneration Policy strengthen the alignment between pay and performance.  However, there are concerns over the structure of remuneration.  The bonus exceeds guidelines and total incentive pay is potentially excessive.  There are excessive ...

CRH PLC – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Analyse court terme - CRH : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 26,05 € prochainement. Le prochain objectif est à 23,00 €, puis 21,22 €. Le franchissement de 26,05 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - CRH : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €26.05. The next target is at €23.00, then €21.22. Passing €26.05 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - CRH : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 23,00 €. La tendance de fond serait remise en cause en cas de franchissement de 26,05 €.

Jérôme VINERIER

Short term view - CRH : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €23.00. The background trend would be questioned should prices rise above €26.05.

Jérôme VINERIER

Analyse moyen terme - CRH : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 22,02 €, puis 19,08 €. Le franchissement de 28,70 € remettrait en cause la suite de la baisse.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch