André, RosárioRiva, CamilloBarbosa, Luís Miguel NunesDuarte, Miguel MarecosKiesinger, Kai2025-04-012025-04-012025-01-232024-12-14http://hdl.handle.net/10362/181767This equity report evaluates Heidelberg Materials AG, a global leader in construction materials. Through detailed analysis of its operations, value drivers, and financial forecasts, we developed a valuation model incorporating methodologies such as DCF and DDM, as well as an underlying WACC analysis. Sensitivity analysis highlights the impact of key variables on valuation. Our findings suggest that the company offers attractive value, reflecting its strong market position and commitment to sustainability.engHeidelberg materialsConstruction materialsCementDAX40master thesis203926935