Added to YB: 2026-01-15
Pitch date: 2025-11-13
BZU.MI [bullish]
Buzzi S.p.A.
-0.39%
current return
Author Info
No bio for this author
Company Info
Buzzi S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.
Market Cap
EUR 9.9B
Pitch Price
EUR 51.75
Price Target
79.00 (+53%)
Dividend
1.28%
EV/EBITDA
6.78
P/E
10.90
EV/Sales
2.07
Sector
Construction Materials
Category
value
Buzzi S.p.A. - $BZU.MI
BZU.MI: Italian cement co trades at massive discount despite 52% EBITDA from superior US assets (38% margins, top 5 player). Sum-of-parts worth €79 vs €52 current price. US assets alone cover 80% of €8.5B EV at 12x EBITDA vs peers' 11.6x median. Family-controlled mgmt with 56% stake, EPS +657% in 10yrs. EU decarbonization driving pricing power, supply constraints benefiting scaled players. €1.1B Mexico stake (publicly traded) adds hidden value.
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