Added to YB: 2026-07-02
Pitch date: 2026-06-29
BZU.MI [neutral]
Buzzi S.p.A.
+2.72%
current return
Author Info
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Company Info
Buzzi S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.
Market Cap
EUR 8.0B
Pitch Price
EUR 43.70
Price Target
57.00 (+27%)
Dividend
1.56%
EV/EBITDA
5.28
P/E
8.80
EV/Sales
1.57
Sector
Construction Materials
Category
value
Is Buzzi's buyback real capital allocation, or window dressing?
BZU.MI (holding update): Buzzi buyback (8.06% treasury, €102.3M spent) funded by cash flow, not draining €1B net cash pile. Buying at 8-9x EPS, avg €45.13; slows sharply above €47-48 vs €57 target—real capital allocation, not window dressing. Governance leg of Italian Discount closing; Russia/ESG unchanged. CSN Brazil M&A optionality. Author holds, not selling.
Read full article (9 min)