CRH Plc is expecting a strong performance in 2023, with a projected full-year EBITDA of approximately $6.3 billion, surpassing the $5.6 billion achieved in 2022. The company is also anticipating a net cash inflow from operating activities of around $5 billion for the year, compared to $4.0 billion in 2022. Furthermore, CRH Plc foresees a net debt to EBITDA ratio of around 1.1x at the end of 2023, reflecting an increase from the 0.9x ratio in 2022.
Looking ahead to 2024, CRH Plc remains optimistic about its trading outlook. The company expects to witness resilient underlying demand in key end-use markets across North America and Europe. This positive outlook is supported by significant public investment in infrastructure and increased re-industrialization activity in crucial non-residential segments. While new-build residential construction is expected to remain subdued, CRH Plc anticipates positive pricing momentum, thanks to effective commercial management and the benefits derived from its integrated and value-based solutions strategy.
For more comprehensive information, please visit the official press release and earnings update on the CRH website.
Updated on: 30/11/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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CRH Stock Shows Positive Performance on November 21, 2023: Strong Earnings Growth and Promising Investment in Construction Materials Sector
CRH stock had a positive performance on November 21, 2023. The stock opened at $60.17, higher than the previous day’s closing price of $58.74. Throughout the day, it traded within a range of $59.99 to $61.34. The volume for the day was 2,626,677 shares. CRH has a market capitalization of $42.3 billion.
In terms of earnings growth, CRH saw a significant increase of 54.31% in the previous year. Looking ahead, analysts expect a positive earnings growth of 16.00% over the next five years.
The company also experienced a revenue growth of 5.62% in the last year. The P/E ratio for CRH stock is 15.8.
When considering the company’s financial ratios, the price/sales ratio is 0.90 and the price/book ratio is 2.07.
In comparison to other companies in the construction materials industry, CRH’s stock performance on November 21, 2023, was relatively positive. JHX (James Hardie Industries) had a slight increase of 0.40%, CXC (Cemex SAB de CV) saw a larger increase of 2.23%, and EXP (Eagle Materials Inc) had a significant increase of 1.50%.
Looking ahead, there is no specific reporting date or EPS forecast available for CRH. However, in the last fiscal year, the company generated $32.7 billion in annual revenue and had a profit of $3.8 billion. The net profit margin for CRH is 8.12%.
CRH operates in the non-energy minerals sector and is involved in the construction materials industry. Its corporate headquarters are located in an undisclosed location.
Overall, CRH stock had a positive performance on November 21, 2023, with an increase in the opening price compared to the previous day’s closing price. The company has shown strong earnings growth in the past and is expected to continue growing in the future. CRH appears to be a promising investment in the construction materials sector.
CRH PLC Stock Analysis: 12-Month Price Forecast, Earnings Report, and Growth Prospects
On November 21, 2023, CRH PLC’s stock had a last price of $61.01. The 21 analysts offering 12-month price forecasts had a median target of $70.00, with a high estimate of $86.00 and a low estimate of $51.00. The median estimate of $70.00 represents a +14.74% increase from the last price of $61.01. The consensus among the analysts was to buy the stock, and this rating had remained unchanged since November. The company is scheduled to report its earnings for the current quarter on February 28, which will provide valuable insights into its profitability and growth prospects.