Professional
Added to YB: 2025-11-18
Pitch date: 2025-11-03
BZU.MI [bullish]
Buzzi S.p.A.
-27.74%
current return
Author Info
Kerrisdale Capital is a research-oriented investment firm that shares investment ideas. Sign up for the newsletter.
Company Info
Buzzi S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.
Market Cap
EUR 7.4B
Pitch Price
EUR 50.70
Price Target
85.00 (+132%)
Dividend
1.67%
EV/EBITDA
5.11
P/E
8.78
EV/Sales
1.49
Sector
Construction Materials
Category
value
Buzzi SpA - Make Italy Great Again
BZU.MI: Cement co w/ 52% EBITDA from US assets trading at 6.8x 2025E EBITDA vs peers at 9-12x despite 38% US margins (highest in industry). €9B mkt cap, 56% family-owned, 15% EPS CAGR over 30yrs. EU decarbonization driving capacity cuts/pricing power. Price target €85 (73% upside).
Read full article (35 min)