Amrize spekt de aandeelhouder

In ons #beursbericht vandaag: De aandelen van #Amrize stegen gisteren met meer dan 13 procent nadat het bouwmaterialenbedrijf optimistische verwachtingen voor 2026 uitsprak. Voedingsgigant #Nestlé maakte vanochtend de jaarcijfers bekend.

Goldman Sachs initiates coverage on Amrize with “neutral” rating Investing.com -- Goldman Sachs has initiated coverage on Amrize (NYSE:AMRZ), a North American cement and roofing company, with a “neutral” rating and a 12-month price target of $57, representing 15% upside from the June 30 closing price of $49.55. The brokerage’s evaluation flags Amrize’s leading position in U.S. cement, balanced against near-term headwinds in construction demand. Amrize holds a 23% share of the 104 million ton U.S. cement market, the highest among domestic producers, with over 50% local market share within a 150-mile radius of its plants. This geographic concentration provides pricing power in a sector where transport costs are high. Goldman estimates Amrize’s cement EBITDA margins at approximately 40%, underpinned by a logistics network that ships more than 60% of cement by rail and barge. The company’s operational scale includes 18 cement plants (13 U.S., 5 Canada), 141 terminals, and 55 cementitious operations. Amrize’s Building Materials segment accounts for 71% of sales and 77% of EBITDA, while its Building Envelope business, developed through seven acquisitions since 2021, makes up 29% of sales and 23% of EBITDA. Building Envelope margins have expanded from 15% in 2021 to 23% in 2024. Revenue is projected to rise modestly from $11.7 billion in 2024 to $12.9 billion by 2027. Earnings per share is expected to increase from $2.69 in 2024 to $3.60 in 2027. Free cash flow per share is forecast at $0.07 in 2025, rising to $3.92 in 2027. Amrize is targeting capital returns with $1.6 billion in planned share repurchases annually from 2026. The U.S. cement industry remains in a structural net import position, with 24% of demand met by imports due to prohibitive domestic replacement costs ($800–$1,000 per ton). Amrize imports only a small portion of its cement, largely from Canada. The company is investing in capacity expansions, including a fifth mill at its St. Genevieve plant and a new clinker line in Quebec. Despite these strengths, Goldman cites a deceleration in private non-residential construction as a limiting factor. Construction spending is expected to grow just 1% in 2025, down from 7% in 2024, driven by weaker trends in manufacturing, warehousing, and office space.

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Wall Street starts Amrize coverage after Holcim spin-off; shares jump Investing.com -- Wall Street analysts have begun coverage of Amrize, the newly spun-off North American business from Holcim (SIX:HOLN), with Morgan Stanley and RBC Capital Markets analysts taking a bullish view on the newly created building materials firm. The company’s shares jumped more than 5% in European trading on Tuesday to CHF41.35. This comes after the stock ended 15% below the reference price on Monday, closing at CHF39.31. Both firms initiated coverage shortly after the spin-off, which saw Holcim shed approximately 40% of its revenues and EBITDA to create a dedicated platform for North American expansion. Morgan Stanley initiated the stock with an Overweight rating and a $62 price target, citing a strong earnings outlook, margin expansion potential, and a healthy balance sheet. “Amrize is a 100% North American Building Materials business,” the bank said in a note, with revenue divided across cement, aggregates/concrete, and building envelope segments. It sees base-case revenue and EBITDA growth of 7% and 9% CAGR to 2030, respectively, with upside from M&A. RBC Capital Markets also launched coverage with an Outperform rating and a $61 target. “Amrize is the biggest North American Building Materials pure-play and its largest cement producer,” analysts led by Anthony Codling wrote. They argue the North American cement market is misunderstood and expect the valuation gap with aggregates to narrow. RBC estimates fiscal 2025 (FY25) revenue and EBITDA at $11.8 billion and $3.2 billion, respectively, and values Amrize on an 11.5x EV/EBITDA multiple and 5.5% free cash flow yield. Both banks highlight Amrize’s strong position in cement, with Morgan Stanley noting it has “nearly double the capacity of the number 2 player” in the U.S., and see potential for steady price increases in both cement and aggregates. In the roofing segment, which has grown rapidly through acquisitions, margins are still below peers but improving. According to Morgan Stanley, “management’s ambition is to lift margins towards Carlisle (~30%) over the mid term through cost control and system selling.” On capital allocation, both firms point to Amrize’s high cash conversion and flexibility to pursue further M&A. RBC expects a dividend payout ratio of 30% and share buybacks at around $300 million annually, but sees most of the free cash flow going toward debt reduction and acquisitions.

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Morgan Stanley initiates Amrize stock with overweight rating on M&A potential Investing.com - Morgan Stanley initiated coverage on Amrize Ltd (OTCBB:AMRZ) with an overweight rating and a price target of $62.00 on Tuesday. Want deeper insights into Amrize’s financials? InvestingPro subscribers get access to over 100 financial metrics and expert-curated ProTips for comprehensive investment analysis. The investment bank cited Amrize’s aggressive growth strategy, which has delivered 13% revenue and 16% EBITDA compound annual growth rates since 2021. The company has completed 17 acquisitions during this period, primarily bolt-on deals that have expanded its market presence. Morgan Stanley projects Amrize will generate approximately $7.5 billion in cumulative free cash flow between 2025 and 2028, providing substantial financial flexibility for continued acquisitions. The company currently maintains less than 1x net debt to EBITDA ratio, which positions it favorably for additional growth opportunities. Amrize ranks fifth in the U.S. aggregates market and holds just 3% market share in residential roofing, according to management data cited by Morgan Stanley. The firm’s base case assumes 2% annual bolt-on growth, though it notes "clear upside risk" exists if larger platform acquisitions materialize. Morgan Stanley analysts calculate that maintaining a 1.5x net debt to EBITDA ratio could potentially accelerate Amrize’s EBITDA growth from 9% CAGR in 2025-2030 to 15%, exceeding consensus estimates for industry peers. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Amrize Launches on NYSE Amid Global Market Uncertainty Amrize has officially begun trading on the NYSE, coinciding with a tumultuous market backdrop due to geopolitical tensions. Market analysts weigh in on the potential impact.

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Amrize to Debut on NYSE Today Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Holcim shares jump 14% after completing spin-off of Amrize unit Investing.com -- Holcim (SIX:HOLN) shares jumped 14% on Monday after the company said it completed the spin-off of its North America business, Amrize, marking a major structural shift for the Swiss construction giant. The spin-off was executed via a dividend-in-kind distribution, with Holcim shareholders receiving one Amrize share for each Holcim share held as of June 20. Amrize shares began trading on both the SIX Swiss Exchange and the New York Stock Exchange on Monday under the ticker “AMRZ,” according to a company statement. The move separates Holcim’s North American operations from its core business, allowing both entities to operate as distinct, publicly traded companies. Holcim stated that the split enables each firm to pursue “sharpened strategic and operational focus” with dedicated management teams. “This is an exciting moment for Holcim and Amrize as we begin a new chapter as independent companies,” Holcim chief executive Miljan Gutovic said in the statement. The spin-off aligns with Holcim’s “NextGen Growth 2030” strategy, which targets expansion in Europe, Australia and North Africa, while accelerating growth in Latin America. Holcim reported CHF 16.2 billion in net sales in 2024, excluding revenue from Amrize. Amrize, now operating independently, generated $11.7 billion in revenue in the same year, with operations across all U.S. states and Canadian provinces, and a workforce of 19,000.

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Holcim completes spin-off of North American business ZURICH (Reuters) -Holcim has completed the spin-off of its North American business, with shares in the separate business - called Amrize - set to start trading in Zurich and New York on Monday. Shareholders were given one Amrize share for every share in Holcim (SIX:HOLN) in the 100% spin-off of the business, which the Swiss cement maker said it was carrying out to focus on different market dynamics in North America and the rest of the world. Holcim will focus on Europe, Latin America, Australia and North Africa in future, while Amrize will operate in the United States and Canada. "This is an exciting moment for Holcim and Amrize as we begin a new chapter as independent companies," said Holcim CEO Miljan Gutovic. In March, Holcim said it would target average annual growth in earnings before interest and taxes of 6% to 10% by 2030, driven in part by mergers and acquisitions, as it unveiled its new strategy following the separation. Amrize, which had sales of $11.7 billion in 2024, is aiming to grow by 5-8% annually. It also wants to increase its core operating profit by 8-11% between 2025 and 2028 from $3.2 billion last year. Should you invest $1,000 in HOLN right now? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios powered by AI stock picks with a stellar performance in 2024. Unlock ProPicks to find out

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An der Generalversammlung von #Holcim sagt #Actares JA zum Spin-off des Nordamerika-Geschäfts – und erwartet, dass die Klima-Ambitionen des neuen Unternehmens #Amrize nicht hinter denen von Holcim zurückbleiben!

Die Abstimmungspositionen:
www.actares.ch/de/news/holc...

Lors de l'assemblée générale d'#Holcim, #Actares dit OUI au spin-off de l'activité nord-américaine - et attend que les ambitions climatiques de la nouvelle entreprise #Amrize ne soient pas inférieures à celles d'Holcim !

Les positions de vote :
www.actares.ch/fr/news/holc...

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Amrize targets 8-11% annual EBITDA growth between 2025 and 2028 HOLN hereremove ads Latest comments Install Our AppScan QR code to install app Google Play App Store Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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