Cementos Molins, S.A (CMO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cementos Molins, S.A stock €19.45, price €38.00, that is 48.8% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €10.22 – €44.96 · fair‑value band €13.14 – €29.31 · the €38.00 price screens above the €19.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Cementos Molins, S.A. manufactures and markets materials and solutions for construction. It engages in the exploitation of quarries and clay deposits, limestones and gypsum, and related products.
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It offers cements; concrete and aggregates; precast solutions; construction solutions; urban landscape and circular economy. The company operates in Mexico, Argentina, Uruguay, Bolivia, Colombia, Bangladesh, India, Tunisia, Croatia, Turkey, Spain, the United States and Asia.
The company was incorporated in 1928 and is based in Barcelona, Spain.
Stock analysis
Cementos Molins, S.A (CMO) currently trades at €38.00, while our model-based Fair Value estimate is €19.45, 49% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €37.93 per share, and 3 of the 24 models we run sit above the €38.00 price.
Bear case: the Asset-Based group reads lowest at €9.42, and 21 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €13.14 (bear) to €29.31 (bull), the price of €38.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Cementos Molins, S.A reported revenue of €1.0B in FY2025 versus €1.1B in FY2022, a compound −1.4%/yr. Reported net income was €185M in FY2025, compounding +18.2%/yr from FY2022.
Key figures
Market cap €2.4B Mid · P/E ratio 12.0 · P/S ratio 1.76 · EPS (TTM) €3.17 · Dividend yield 1.1% · Net margin 14.6% · Return on equity 13.7% · Return on assets (EBIT) 5.8% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −49%, CMO screens richer than that median.
Fair Value models
Bear€13.14Fair Value €19.45Bull€29.31
Price €38.00 · Downside -48.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€2.34 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.37/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.4%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+13.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)1.1%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 11%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +33.1% a year for the price.
News mood ⓘNews mood, the average tone of recent news (3 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: High margins provide modest evidence of pricing power, yet insufficient data leave the competitive moat unclear and weak free cash flow conversion remains the key concern.
Main risk: Integration costs from the new Oklahoma plant together with slower demand could restrict the expected margin gains and volume growth in the Escofet division.
Cementos Molins has opened its first US manufacturing plant in Oklahoma for the Escofet urban landscape brand, moving production closer to North American customers instead of relying on exports from Europe. The goal is to lift that market's share of the division's revenue from around 6% toward 30% over time. Our models see the stock as overvalued; will this local production drive enough margin gains and volume growth to close the gap, or will integration costs and slower demand hold it back?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−48.8% · Bottom 25%
Profitability
Return on equity (12 months)13.7% · Top 25%
Return on assets7.8% · Top 25%
Net margin (12 months)14.6% · Top 25%
Operating margin (12 months)10.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.8% · Above median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
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Is Cementos Molins, S.A (CMO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €19.45 versus a price of €38.00, about 49% lower (overvalued).
What is the fair value of CMO?
Our model-based fair value for Cementos Molins, S.A is €19.45 (as of Nov 7, 2026), built from audited fundamentals. The current price: €38.00.
What is the quality score of CMO?
Cementos Molins, S.A has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cementos Molins, S.A (CMO)?
Our model-based price target is the fair value of €19.45 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario €13.14, optimistic scenario €29.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Cementos Molins, S.A stock forecast for 2026?
Our models put fair value at €19.45, about 49% lower versus a price of €38.00 (overvalued). Cautious scenario €13.14, optimistic scenario €29.31. The calculation is refreshed regularly with new filings.
What is the revenue of Cementos Molins, S.A (CMO)?
Cementos Molins, S.A reported trailing-twelve-month revenue of about €1.4B (latest available figure, as of Nov 7, 2026).
Does Cementos Molins, S.A pay a dividend?
Cementos Molins, S.A currently shows a dividend yield of 1.13% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Cementos Molins, S.A (CMO) and when is the ex-dividend date?
Cementos Molins, S.A pays a dividend of €0.43 per share a year, a dividend yield of 1.1%. The last ex-dividend date was Jul 17, 2026. A dividend has been paid every year since 2020. The payout ratio is 13.6% of earnings. Free cash flow covers the dividend 1.13 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Cementos Molins, S.A (CMO)?
For today's price to be fair in a discounted-cash-flow model, Cementos Molins, S.A would have to grow free cash flow by +36.0 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -1.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CMO use?
Our models discount Cementos Molins, S.A at 9.7 %: a base by market capitalisation (mid), damped by beta 0.17, country premium for Spain. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cementos Molins, S.A that is +36.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Cementos Molins, S.A (CMO) delivered so far?
Over the past 3 years revenue at Cementos Molins, S.A grew -1.4 % a year. The price currently implies free-cash-flow growth of +36.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cementos Molins, S.A (CMO) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Cementos Molins, S.A (+36.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cementos Molins, S.A (CMO)?
The free-cash-flow yield on the price is 1.28 %: that much free cash flow Cementos Molins, S.A produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cementos Molins, S.A (CMO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cementos Molins, S.A it is €19.45 per share (as of Nov 7, 2026), against a price of €38.00. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Cementos Molins, S.A stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CMO trades above its calculated fair value: price €38.00, fair value €19.45, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CMO?
No. The price is what the market pays today (€38.00); the fair value is what the company's own numbers justify (€19.45). For Cementos Molins, S.A the two are €18.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cementos Molins, S.A worth?
The market values Cementos Molins, S.A at about €2.4B (market capitalisation, as of Nov 7, 2026). Per share that is €38.00; our models calculate a fair value of €19.45 per share.
What do the bullish and bearish scenarios say about CMO?
Our models span a range for Cementos Molins, S.A: cautious scenario €13.14, base €19.45, optimistic €29.31 per share (as of Nov 7, 2026, price €38.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CMO?
Cementos Molins, S.A trades at a price-to-earnings ratio of 12.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €19.45 is built from several models across several years. Other multiples: P/B 1.8, P/S 1.8, EV/EBITDA 9.4.
How solid is the balance sheet of Cementos Molins, S.A (CMO)?
Balance-sheet figures for Cementos Molins, S.A (as of Nov 7, 2026): return on equity 13.7%, debt of 0.16 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is CMO from its 52-week high?
Cementos Molins, S.A trades at €38.00, about 15% below its 52-week high of €44.96 and 36% above the low of €27.98 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €19.45 is for.
Which stocks are comparable to Cementos Molins, S.A?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cementos Molins, S.A stock attractive at the current price?
The data as of Nov 7, 2026: price €38.00, calculated fair value €19.45 (−49%), Quality Score 52/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CMO calculated?
We run Cementos Molins, S.A through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €19.45 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Cementos Molins, S.A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cementos Molins, S.A (CMO)?
The closing price on Nov 6, 2026 was €38.00. Our model-based fair value is €19.45, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cementos Molins, S.A right now?
The price sits above even our optimistic bull case (€29.31). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€13.14 to €29.31) leaves room in how you read the outcome.
Key figures of Cementos Molins, S.A
How large is the market capitalisation of Cementos Molins, S.A (CMO)?
The market capitalisation of Cementos Molins, S.A is €2.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cementos Molins, S.A (CMO)?
The price-to-sales ratio of Cementos Molins, S.A is 1.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cementos Molins, S.A (CMO)?
Earnings per share at Cementos Molins, S.A are €3.17 (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cementos Molins, S.A (CMO)?
The dividend yield of Cementos Molins, S.A is 1.1% (payout 13.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cementos Molins, S.A (CMO)?
The net margin of Cementos Molins, S.A is 14.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cementos Molins, S.A (CMO)?
The return on equity (ROE) of Cementos Molins, S.A is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cementos Molins, S.A (CMO)?
On an EBIT basis the return on assets of Cementos Molins, S.A is 5.8% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cementos Molins, S.A (CMO)?
The operating margin of Cementos Molins, S.A is 10.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cementos Molins, S.A (CMO)?
Revenue at Cementos Molins, S.A is growing +7.8% versus a year earlier (3y avg −1.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Cementos Molins, S.A (CMO) carry?
The net debt of Cementos Molins, S.A is €23.3M (fiscal year 2025, ≈ 0.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026