⚠️ Not investment advice. This is a quantitative research tool; every decision is the user's own responsibility. Past performance does not guarantee future results.⚠️ Not investment advice. Past performance does not guarantee future results.
⚠️ Not investment advice. Past performance does not guarantee future results.
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Inmocemento IMC.MC

SpainBasic Materials · Building MaterialsBolsa de Madrid (BME) · EUR
6.3AI score
Rank 731 of 2,130
better than 63% of companies
3.66EUR
▲ 10.2% in one year
IMC.MC MSCI World +22.1%
Average analyst target
4.60 EUR (+25.7%)
1 analysts
52-wk low 3.35High 4.63
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Inmocemento S.A. is a Spanish building materials company, dedicated to the manufacture and distribution of cement and other products for the construction and civil works sector.

Listed on Bolsa de Madrid (BME) · Symbol IMC.MC · BME: IMC · Currency EUR

Key points

from its scores
  • ✓Attractive valuation8.7
  • ✓Very solid balance sheet8.4
  • ✓Good share-price trend7.4
  • ✕Unfavourable risk and backdrop2.8
  • ✕Weak growth4.4

AI analysis

bottom line, main risk, context and news
Bottom line

Hold, given the healthy balance sheet and low valuation, but monitor the evolution of earnings and dividend policy.

Inmocemento has a very solid balance sheet (Net Debt/EBITDA of 0.51) and an attractive valuation (P/E 6.31, FCF yield 13.66%), although the drop in profit (-35.3%) and the nil payout weigh on its appeal. The main risk is governance in Spain, which adds uncertainty to the business.

⚠ Main risk

The governance risk in Spain, which could lead to adverse regulatory or fiscal changes for the building materials sector.

Context and risks

Inmocemento operates in Spain, a country with elevated governance risk according to the assigned profile, which adds regulatory and legal uncertainty to the building materials business. This governance risk is not reflected in the financial metrics and justifies a negative adjustment to the base risk.

Is Inmocemento stock cheap or expensive?

at the analysis date
Cheaper than its sector

On P/E and EV / EBITDA, it trades 45% below the Basic Materials median on average.

MultipleCompanySectorDifference
P/E6.319.2−67%
EV / EBITDA7.810.0−22%
Price / book0.62.3−72%
Price / sales1.62.2−27%

Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.

Valuation score: 8.7 out of 10 (median for Basic Materials: 5.8).

Average analyst target: 4.60 EUR, +25.7% versus the price.

A discount may reflect more risk or slower growth than its sector: Financial health 8.4 (sector 7.1), Growth 4.4 (sector 6.8).

Indicative fair value · EUR
Graham4.93▲ +35% vs price
Cash flow (DCF)6.54▲ +79% vs price
Dividends1.88▼ −49% vs price
Price3.66at the analysis date

Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy IMC.MCCheapest · Spain (BME) · sample 200.00 € orderCheapest · Spain (BME) · sample 200.00 € orderAvailable in your country · Spain (BME) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiGood8.4Basic Materials median: 7.1
Quality / MoatiFair6.0Basic Materials median: 5.1
ValuationiExcellent8.7Basic Materials median: 5.8
GrowthiWeak4.4Basic Materials median: 6.8
DividendiFair5.0Basic Materials median: 4.7
MomentumiGood7.4Basic Materials median: 6.5
Risk & ContextiPoor2.8Basic Materials median: 5.9
Basic Materials median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Basic Materials median
P/Ei
6.3
Basic Materials: 19.2below
EV / EBITDAi
7.8
Basic Materials: 10.0below
ROEi
9.5%
Basic Materials: 11.3%below
Operating margini
29.5%
Basic Materials: 16.1%above
Net debt / EBITDAi
0.51
Basic Materials: 1.41below
Revenue growthi
+15.6%
Basic Materials: +9.7%above

Valuation

P/E
6.3
Forward P/E
8.9
EV / EBITDA
7.8
Price / book
0.6
Price / sales
1.6
Market cap
1.7B EUR
Enterprise value
2.5B EUR

Profitability

ROE
9.5%
ROA
3.8%
ROIC (approx.)
9.1%
Gross margin
55.1%
Operating margin
29.5%
Net margin
25.6%
Free cash flow
227.2M EUR
FCF yield
13.7%
Cash conversion
70%

Solvency

Total debt
695.7M EUR
Net debt
165.4M EUR
Cash
530.3M EUR
EBITDA
326.5M EUR
Net debt / EBITDA
0.51
Debt / equity
20.63
Current ratio
2.35
Quick ratio
1.04

Growth

Revenue growth
+15.6%
Earnings growth
−35.3%
EPS (TTM)
0.58 EUR
EPS (forward)
0.41 EUR

Dividend

Dividend yield
4.1%
Payout
0.0%

Risk and market

Analyst consensus
none (1)
Target price
4.60 EUR
52-week range
3.35 – 4.63

Compare it with its sector

All 141 in Basic Materials →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about Inmocemento

Is Inmocemento stock cheap or expensive?

On P/E and EV / EBITDA, it trades 45% below the Basic Materials median on average. Valuation score: 8.7 out of 10 (median for Basic Materials: 5.8). Average analyst target: 4.60 EUR, +25.7% versus the price. This is not investment advice.

What score does Inmocemento get on MeridIAn Screener?

It scores 6.3 out of 10, rank 731 of 2,130 (better than 63% of the companies analysed). Its strongest category is Valuation (8.7) and its weakest, Risk & Context (2.8). Analysis of 08/10/2026.

What is Inmocemento's P/E ratio?

Its P/E is 6.3: the share price equals 6.3 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 8.9.

How much is Inmocemento worth on the stock market?

Its market capitalisation is 1.7B EUR and its enterprise value, debt included, is 2.5B EUR.

How much debt does Inmocemento have?

Its net debt (debt minus cash) is 165.4M EUR. That is 0.51 times its EBITDA; the Basic Materials median is 1.41.

Does Inmocemento pay a dividend?

Yes: its dividend yield is 4.10%.

How has Inmocemento stock performed over the last year?

It has risen 10.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 3.35 and 4.63 EUR. Past performance does not guarantee future results.

What do analysts think of Inmocemento?

1 analysts cover it; their average recommendation is “none” and their average target is 4.60 EUR (+25.7% versus the price). It is an estimate, not market data.