With the divestment of its activities in Indonesia, Malaysia, Singapore and the Philippines, LafargeHolcim exits South East Asia with a total enterprise value (EV) of $4.9bn, representing a 2018 EV/recurring EBITDA multiple of…above 21x, which is outstanding for the cement sector. Following this divestment, we expect to revise our target price upward by a low to mid single-digit figure.
10 May 2019
Divestment of Holcim Philippines is a very positive step
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Divestment of Holcim Philippines is a very positive step
With the divestment of its activities in Indonesia, Malaysia, Singapore and the Philippines, LafargeHolcim exits South East Asia with a total enterprise value (EV) of $4.9bn, representing a 2018 EV/recurring EBITDA multiple of…above 21x, which is outstanding for the cement sector. Following this divestment, we expect to revise our target price upward by a low to mid single-digit figure.