LafargeHolcim

LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
  • TickerHOLN
  • ISINCH0012214059
  • ExchangeSix Swiss Exchange
  • SectorConstruction & Materials
  • CountrySwitzerland

Analysts

Samantha Jeary ...
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/20/2019

The "magic words" of the central bankers, uttered by the Fed, the integration of a scenario of a halt in the deterioration of the economic environment, the bet on a positive outcome for US-China trade negotiations and for Brexit are probably the source of the rally in risky assets. In this context, the rise of markets calls for a particular form of vigilance with regard to the tone of the central bankers. First test today with the Fed and a market that expects the final elements of no...

Samantha Jeary ...
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/03/2019

La « parole magique » des banquiers centraux, libérée par la FED, l’intégration d’un scénario d’arrêt de dégradation de la conjoncture, le pari d’une issue positive des négociations sino-américaines et du Brexit auront été à l’origine du rallye des actifs risqués. Dans ce contexte, la hausse des marchés appelle à une vigilance particulière vis-à-vis de la tonalité des instituts d’émission. Premier test avec la FED et un marché qui s’attend à l’abandon définitif des derniers éléments d...

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : From recovery to reconquest

>Action plan ongoing and changes afoot - In 2018, the group made good progress in its reorganisation by renewing a fair amount of its management team by recruiting externally or internally. In 2019, further adjustments will probably be needed, but on a more modest scale.Margins in aggregates and ready-mix concrete should return to a level closer in line with the rest of the industry. These business lines have now become independent of the cement business and repo...

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : Un scrip dividende, une première !

>EBITDA T4 2018 en ligne avec le consensus (~1.1%) - L’EBITDA ressort à 1 665 MCHF (+6.5% à pcc), en ligne avec le consensus (1 674 MCHF) et au-dessus de nos attentes de 2.7% (1 621 MCHFe). Par rapport à nos estimations, l’EBITDA est inférieur en Asie-Pacifique (-3%) et en Afrique (-6%). L’Amérique du Nord ressort en ligne avec nos attentes. A l’inverse, l’Europe et l’Amérique latine ressortent au-dessus de respectivement +5% et +3%. Huaxin a contribué à l’EBITDA à h...

Kristoffer Inton

Morningstar | LafargeHolcim’s Performance Accelerates in 4Q; Shares Fairly Valued. See Updated Analyst Note from 07 Mar 2019

LafargeHolcim’s strong performance continued into the fourth quarter, as recurring EBITDA rose 2%, or 6.5% on a like-for-like basis, to CHF 1.7 billion. For the full year, recurring EBITDA totaled CHF 6 billion, 0.4% higher than 2017, or 3.6% on a like-for-like basis. Latin America and Middle East Africa, weighed on by softening demand and a challenging price environment, respectively, dragged on overall company performance. Asia Pacific and Europe saw very good performance in 2018, with low-double-digit and high-single digit gains in recurring EBITDA, respectively. North America saw another y...

LafargeHolcim Ltd: Update following rating confirmation

CORPORATES CREDIT OPINION 21 March 2017 Update RATINGS LafargeHolcim Ltd Domicile Switzerland Long Term Rating Baa2 Type LT Issuer Rating - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stanislas Duquesnoy 49-69-70730-781

LafargeHolcim Ltd: Recent Strong Performance Supports Rating Confirmation but we Remain Cautious on 2018 EBITDA Guidance

CORPORATES ISSUER IN-DEPTH 14 March 2017 RATINGS LafargeHolcim Ltd. Issuer rating Baa2 Outlook Negative Moody's Investors Service KEY METRICS: 2016 2015 2014 Debt/ EBITDA 4.1x 7.0x 3.4x RCF/net debt

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : From recovery to reconquest

>Action plan ongoing and changes afoot - In 2018, the group made good progress in its reorganisation by renewing a fair amount of its management team by recruiting externally or internally. In 2019, further adjustments will probably be needed, but on a more modest scale.Margins in aggregates and ready-mix concrete should return to a level closer in line with the rest of the industry. These business lines have now become independent of the cement business and repo...

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : Un scrip dividende, une première !

>EBITDA T4 2018 en ligne avec le consensus (~1.1%) - L’EBITDA ressort à 1 665 MCHF (+6.5% à pcc), en ligne avec le consensus (1 674 MCHF) et au-dessus de nos attentes de 2.7% (1 621 MCHFe). Par rapport à nos estimations, l’EBITDA est inférieur en Asie-Pacifique (-3%) et en Afrique (-6%). L’Amérique du Nord ressort en ligne avec nos attentes. A l’inverse, l’Europe et l’Amérique latine ressortent au-dessus de respectivement +5% et +3%. Huaxin a contribué à l’EBITDA à h...

Kristoffer Inton

Morningstar | LafargeHolcim’s Performance Accelerates in 4Q; Shares Fairly Valued. See Updated Analyst Note from 07 Mar 2019

LafargeHolcim’s strong performance continued into the fourth quarter, as recurring EBITDA rose 2%, or 6.5% on a like-for-like basis, to CHF 1.7 billion. For the full year, recurring EBITDA totaled CHF 6 billion, 0.4% higher than 2017, or 3.6% on a like-for-like basis. Latin America and Middle East Africa, weighed on by softening demand and a challenging price environment, respectively, dragged on overall company performance. Asia Pacific and Europe saw very good performance in 2018, with low-double-digit and high-single digit gains in recurring EBITDA, respectively. North America saw another y...

Kristoffer Inton

Morningstar | LafargeHolcim’s Performance Accelerates in 4Q; Shares Fairly Valued

LafargeHolcim’s strong performance continued into the fourth quarter, as recurring EBITDA rose 2%, or 6.5% on a like-for-like basis, to CHF 1.7 billion. For the full year, recurring EBITDA totaled CHF 6 billion, 0.4% higher than 2017, or 3.6% on a like-for-like basis. Latin America and Middle East Africa, weighed on by softening demand and a challenging price environment, respectively, dragged on overall company performance. Asia Pacific and Europe saw very good performance in 2018, with low-double-digit and high-single digit gains in recurring EBITDA, respectively. North America saw another y...

Kristoffer Inton

LafargeHolcim’s Performance Accelerates in 4Q; Shares Fairly Valued

LafargeHolcim’s strong performance continued into the fourth quarter, as recurring EBITDA rose 2%, or 6.5% on a like-for-like basis, to CHF 1.7 billion. For the full year, recurring EBITDA totaled CHF 6 billion, 0.4% higher than 2017, or 3.6% on a like-for-like basis. Latin America and Middle East Africa, weighed on by softening demand and a challenging price environment, respectively, dragged on overall company performance. Asia Pacific and Europe saw very good performance in 2018, with low-dou...

1 director sold

A director at Lafargeholcim Ltd sold 3,124,200 shares at 45.580CHF and the significance rating of the trade was 71/100. 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...

Samantha Jeary ...
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/20/2019

The "magic words" of the central bankers, uttered by the Fed, the integration of a scenario of a halt in the deterioration of the economic environment, the bet on a positive outcome for US-China trade negotiations and for Brexit are probably the source of the rally in risky assets. In this context, the rise of markets calls for a particular form of vigilance with regard to the tone of the central bankers. First test today with the Fed and a market that expects the final elements of no...

Samantha Jeary ...
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/03/2019

La « parole magique » des banquiers centraux, libérée par la FED, l’intégration d’un scénario d’arrêt de dégradation de la conjoncture, le pari d’une issue positive des négociations sino-américaines et du Brexit auront été à l’origine du rallye des actifs risqués. Dans ce contexte, la hausse des marchés appelle à une vigilance particulière vis-à-vis de la tonalité des instituts d’émission. Premier test avec la FED et un marché qui s’attend à l’abandon définitif des derniers éléments d...

Alfred Glaser ...
  • Delphine Brault
  • Harald Eggeling
  • Jerôme Bodin
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/07/2019

...

Alfred Glaser ...
  • Delphine Brault
  • Harald Eggeling
  • Jerôme Bodin
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/03/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/08/2019

In the face of macroeconomic turbulence, office and retail real estate investment companies are “safe haven” stocks due to the durability of their dividends and their capacity to create value via their project pipelines. We particularly appreciate stocks which have adapted/clarified their strategies to fit new trends in the market. As such, we confirm our Buy recommendations on Gecina, Klépierre and Carmila and have upgraded Icade and Unibail-Rodamco-Westfield to Buy. Cf. report publi...

With a more favourable environment, LAFARGEHOLCIM LTD improves to Slightly Positive

LAFARGEHOLCIM LTD (CH), a company active in the Building Materials & Fixtures industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 15, 2019, the closing price was CHF 44.95 and its potential was estimated at CHF 47.59.

Nurhayati Wan

LafargeHolcim

Nurhayati Wan

LafargeHolcim

Nurhayati Wan

LafargeHolcim

Nurhayati Wan

LafargeHolcim

LafargeHolcim – 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...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

The MSCI ACWI and ACWI ex-US have managed to break above their respective 200-day moving averages, providing further evidence that global equities are going through a bottoming process. • Remain overweight China which is leading global equities higher. RS uptrends remain intact for the Shanghai Composite and MSCI China indexes. In today's report we highlight a number of actionable charts Chinese companies, focusing on less-exploited price patterns... see page 2. • EAFE small- vs large-cap ratio exhibits early signs of bottoming. We view the potential bottom for the MSCI EAFE small- vs. larg...

Valérie GASTALDY

Analyse court terme - LAFARGEHOLCIM LTD (EUR) : La tendance est baissière.

La tendance est baissière. La reprise est une consolidation. Les Stochastiques sont en zone de surachat. La baisse peut bientôt reprendre vers 38,74 €. La tendance de fond serait remise en cause en cas de franchissement de 44,00 €.

Valérie GASTALDY

Short term view - LAFARGEHOLCIM LTD (EUR) : The trend is bearish.

The trend is bearish. The recovery is a consolidation. Stochastics are at the overbought level. The fall can soon resume toward €38.74. The background trend would be questioned should prices rise above €44.00.

Valérie GASTALDY

Short term view - LAFARGEHOLCIM LTD (CHF) : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. Stochastics are at the overbought level. The fall can soon resume toward CHF 43.20. The background trend would be questioned should prices rise above CHF 49.04.

Valérie GASTALDY

Analyse court terme - LAFARGEHOLCIM LTD (CHF) : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. Les Stochastiques sont en zone de surachat. La baisse peut bientôt reprendre vers 43,20 CHF. La tendance de fond serait remise en cause en cas de franchissement de 49,04 CHF.

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