CRH plc (CRH) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+18.0%

$114.36

vs $96.88 price

Levered DCF

$87.27

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.3

Grey zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	22.53×	18.28×	15.86×	7.85×	16.06×	29.8×	19.03×	19.47×
P/B	3.5×	2.93×	2.4×	1.39×	2.04×	1.7×	1.53×	1.04×
P/S	2.24×	1.78×	1.43×	0.92×	1.33×	1.21×	1.17×	0.8×
EV / EBITDA	12.75×	10.5×	9.45×	6.25×	8.78×	10.56×	9.77×	8.44×
Gross margin	36.1%	35.7%	34.2%	33.2%	33.9%	33.2%	31.8%	32.3%
Operating margin	14.5%	13.8%	12.0%	11.9%	11.6%	8.2%	10.0%	9.2%
Net margin	10.0%	9.8%	9.1%	11.8%	8.3%	4.1%	6.2%	4.1%
Current ratio	1.74×	1.37×	1.69×	1.67×	1.85×	2.01×	1.34×	1.29×
Debt / equity	0.8×	0.71×	0.62×	0.51×	0.6×	0.7×	0.92×	0.94×
Interest coverage	6.72×	8.05×	11.13×	9.71×	11.53×	5.82×	6.38×	6.37×
Dividend yield	1.2%	2.7%	1.9%	3.0%	2.2%	2.1%	2.0%	2.8%
Payout ratio	26.5%	48.9%	29.6%	23.8%	35.3%	63.0%	38.0%	55.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.6%	16.2%	15.2%	17.7%	12.7%	5.7%	8.0%	5.4%
Return on invested capital	8.3%	8.7%	8.1%	7.9%	7.4%	4.1%	4.5%	4.2%
Return on assets	6.4%	6.9%	6.7%	8.5%	5.7%	2.5%	3.2%	2.1%
Free cash flow yield	3.5%	3.8%	6.4%	8.1%	6.4%	8.8%	7.8%	4.6%
Earnings yield	4.5%	5.5%	6.3%	12.7%	6.2%	3.4%	5.3%	5.1%
Enterprise value	$99.1B	$74.8B	$56.7B	$35.2B	$47.6B	$39.6B	$36.7B	$27.1B
Net debt / EBITDA	1.94×	1.63×	1.11×	0.89×	1.18×	1.64×	2.03×	2.48×
Cash conversion cycle (days)	81	74	65	69	67	73	128	41