André, RosárioRiva, CamilloBarbosa, Luís Miguel NunesDuarte, Miguel MarecosRiedmann, Damian2025-08-292025-08-292025-01-232024-12-14http://hdl.handle.net/10362/187146This thesis examines Heidelberg Materials AG, a global leader in construction materials, focusing on its strategic positioning, valuation as well as risk assessment. It highlights the current market environment, key industry trends, including an increasing focus on sustainability and the digitalization to catch up. Valuation methods such as CCA, CTA and a Monte Carlo simulation emphasize the impact of the market on the final determination of our target share price. The results underline Heidelberg Materials' solid industry standing, adaptability to sustainability trends, but also challenges in managing industry risks, providing a comprehensive perspective on a future outlook of Heidelberg Materials.engHeidelberg MaterialsConstruction materialsCementDAX40master thesis203991427