BUL/HEI (BUL/HEI)

Bulgarian Stock Exchange: BUL/HEI · EUR

€151

-19.00 (-11.2%)· Recorded snapshot

Market cap	25.8B
Revenue (ttm)	21.7B
Net income (ttm)	2B
EPS (ttm)	€11.3
P/E (trailing)	13.3x
P/E (forward)	10.7x
Volume	25

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 21.7B
Net income (ttm): 2B
EPS (ttm): €11.3
P/E (trailing): 13.3x
P/E (forward): 10.7x
Market cap: 25.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E10.7

P25 n/aP50 n/aP75 n/a

Trailing P/E13.3

P25 n/aP50 n/aP75 n/a

ROE11.7

P25 n/aP50 n/aP75 n/a

ROIC8.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All BUL/HEI indicators

Market & fundamental data

Available fields

219

Groups with data

Currency

EUR

Showing 219 of 219 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Germany
Country code	BG
Earnings date	2027-02-25
Employees	50,603
Enterprise value	EUR 34.8B
Exchange	Bulgarian Stock Exchange
Financial currency	EUR
Financial report date	2026-06-30
First seen	2026-10-10
Fiscal year end	December
Founded	1873
Industry	Building Materials
Is primary listing	No
ISIN number	DE0006047004
Last refreshed	2026-10-29
Market cap	EUR 25.8B
Next earnings date	2027-02-25
Price	EUR 150.60
Price currency	EUR
Sector	Materials
SIC code	3241
Stock price date	2026-09-15
Symbol	bul/HEI
Website	https://www.heidelbergmaterials.de

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	13.19x
Average P/E ratio (3Y)	13.29x
Average P/E ratio (5Y)	10.6x
Earnings yield	7.49%
EV/Earnings	17.44x
EV/EBIT	10.72x
EV/EBITDA	7.71x
EV/FCF	20.45x
EV/Sales	1.6x
FCF / EV yield	4.89%
FCF yield	6.59%
Forward P/E	10.73x
Graham number	173.98285
Graham upside	15.53%
Lynch fair value	EUR 58.17
Lynch upside	-61.37%
P/B ratio	1.3x
P/E ratio	13.35x
P/FCF ratio	15.18x
P/OCF ratio	8.12x
P/S ratio	1.19x
Price / tangible book value	2.95x
Price/EBITDA ratio	6.32x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	14.09%
EBITDA margin	18.78%
Effective tax rate	24.27%
FCF margin	7.82%
Gross margin	64.25%
Operating margin	14.09%
Pretax margin	13.5%
Profit margin	9.17%
Profit per employee	EUR 39,377
Profitable quarters	22
Profitable years	5
Revenue per employee	EUR 429,502
ROA	5.24%
ROA (5Y)	4.62%
ROCE	9.77%
ROE	11.7%
ROE (5Y)	11.13%
ROIC	8.4%
ROIC (5Y)	8.09%
Tax / revenue	3.28%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	6.52%
EPS growth (Q)	8.81%
EPS growth (QoQ)	-40.97%
EPS growth 10Y	8.97%
EPS growth 3Y	5.8%
EPS growth 5Y	5.05%
EPS growth quarters	2
EPS growth years	1
FCF growth	-13.68%
FCF growth 3Y	10.61%
FCF growth 5Y	-4.4%
Gross profit growth	0.67%
Gross profit growth (Q)	2.01%
Gross profit growth 3Y	2.45%
Gross profit growth 5Y	3.76%
Net income growth	5.22%
Net income growth (Q)	7.53%
Net income growth (QoQ)	-41.19%
Net income growth 3Y	3.95%
Net income growth 5Y	2.64%
Net income growth quarters	2
Net income growth years	1
OCF growth	-3.52%
OCF growth (Q)	-69.07%
OCF growth (QoQ)	-98.87%
OCF growth 10Y	6.59%
OCF growth 3Y	7.13%
OCF growth 5Y	0.74%
Operating income growth	-3.47%
Operating income growth (Q)	-1.32%
Operating income growth 3Y	8.67%
Operating income growth 5Y	5.41%
Revenue growth	0.37%
Revenue growth (Q)	1.75%
Revenue growth (QoQ)	-4.82%
Revenue growth 10Y	4.9%
Revenue growth 3Y	0.07%
Revenue growth 5Y	3.44%
Revenue growth quarters	2
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR -1.5B
Depreciation and amortization	EUR 1B
EBIT	EUR 3.1B
EBITDA	EUR 4.1B
EPS	EUR 11.28
Financing cash flow	EUR -286.5M
Free cash flow	EUR 1.7B
Gross profit	EUR 14B
Income taxes	EUR 712.1M
Investing cash flow	EUR -2B
Net borrowing	EUR 901.8M
Net cash flow	EUR 866.6M
Net income	EUR 2B
Operating income	EUR 3.1B
Revenue	EUR 21.7B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.54
Book value per share	EUR 105.99
Debt / EBITDA	2.31
Debt / equity	0.5
Debt / FCF	5.87
Goodwill	EUR 9.4B
Interest coverage	10.23
Long-term assets	EUR 28.7B
Long-term liabilities	EUR 11.5B
Net cash (debt)	EUR -7.8B
Net cash / market cap	-30.21%
Net debt / EBITDA	1.91
Net debt / equity	0.39
Net debt / FCF	4.58
Piotroski F-Score	6
Property, plant and equipment	EUR 13.5B
Shareholders' equity	EUR 19.8B
Tangible book value	EUR 8.8B
Tangible book value per share	EUR 49.78
Total assets	EUR 38.3B
Total cash	EUR 2.2B
Total debt	EUR 10B
Total liabilities	EUR 18.5B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.6
Current assets	EUR 9.6B
Current liabilities	EUR 7B
Current ratio	1.37
Inventory turnover	2.74
Net working capital	EUR 2.1B
Quick ratio	0.92
Working capital	EUR 2.6B
Working capital turnover	11.95

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.22%
Dividend per share	EUR 0.00
Last dividend	EUR 2.40
Payout ratio	31.86%
Shareholder yield	1.22%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	EUR 193.59
1D price change	-11.2%
1M price change	-11.2%
1M total return	-11.2%
1Y price change	-25.74%
1Y return CAGR	-25.75%
1Y total return	-25.74%
20-day SMA	EUR 171.23
200-day SMA	EUR 195.54
3M price change	-16.22%
3M total return	-16.22%
3Y price change	107.01%
3Y return CAGR	27.44%
3Y total return	107.01%
50-day SMA	EUR 176.67
50-day SMA vs 200-day SMA	50under200
52-week high	EUR 240.00
52-week high date	2026-01-27
52-week low	EUR 148.90
52-week low date	2026-09-15
6M price change	-7.37%
6M total return	-7.37%
All-time high	EUR 240.00
All-time high date	2026-01-27
All-time low	EUR 38.91
All-time low date	2022-09-29
Average true range (ATR)	EUR 4.02
Average volume	2.5
Change from 52-week high	-37.25%
Change from 52-week low	1.14%
Change from all-time high	-37.25%
Change from all-time low	287.05%
Change from open	1.14%
Day's gap	-12.21%
Dollar volume	EUR 3,765
High price	EUR 150.60
Low price	EUR 148.90
Monthly RSI	45.65
Open price	EUR 148.90
Position in 52-week range	100%
Previous close	EUR 169.60
Price vs 150-day SMA	-22.21%
Price vs 20-day SMA	-12.05%
Price vs 200-day SMA	-22.98%
Price vs 50-day SMA	-14.76%
Relative volume	10
RSI	28.21
Sharpe ratio	-0.68
Sharpe ratio (3Y)	0.77
Sortino ratio	-0.76
Sortino ratio (3Y)	1.32
Volume	25
Weekly RSI	35.53
YTD price change	-31.61%
YTD total return	-31.61%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	124.7M
Shares change (QoQ)	-0.37%
Shares change (YoY)	-1.22%
Shares held by institutions	41.1%

Deeper analysis on BUL/HEI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this BUL/HEI report

Is a complete BUL/HEI research report available?

No complete published report is available for bul/HEI (BUL/HEI) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

BUL/HEI (BUL/HEI)

Price

Financial snapshot

Fair-value bridge

Latest news · BUL/HEI

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BUL/HEI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BUL/HEI

Frequently asked questions