HLBZF - HeidelbergCement: 3% Yielding Cement Market Heavyweight For A DGI Portfolio

• HeidelbergCement is a top global player in aggregates and ready-mix concrete and the second largest in cement.
• The stock is yielding ~3%, with strong DPS growth potential.
• The pillars of the dividend thesis are the sharp revenue recovery after the pandemic-induced softness, copious cash flow coupled with decent earnings quality, portfolio recalibration, deleveraging, and buybacks.
• The company is valued at Enterprise Value/EBITDA (Forward) of just 5.8x, with an FCF yield of 14.7%, which is exceedingly cheap.

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