2024-07-11 09:48:23 ET
Summary
- Heidelberg Materials has outperformed the market but with minimal dividends, resulting in less than 0.3% outperformance.
- The company has reached overvalued territory, close to a triple-digit share price, with potential for underperformance.
- Despite positive trends in revenue and EBITDA, the company's valuation and sustainability concerns make it a "HOLD" or potential sell.
Dear readers/followers,
It's been some time since I updated on Heidelberg Materials ( OTCPK:HDELY ). I was once a holder of a large portfolio stake in the company - until I sold out at around €85/share in my last position. In fact, I downgraded my rating on the company in my last article, which you can find here from March of this year. Since that particular time, the company has actually outperformed the broader market, but less of dividends, that outperformance has been less than 0.3%, and even with dividends, we're talking only around 3.5%. I would categorize this within the realm of a possible rounding error.
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Heidelberg Materials: Too High, We're In Overvalued Territory