Construction Materials


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. Loma Negra Compañía Industrial Argentina Sociedad Anónima LOMA3,3885,9747,8719,87415,28726,80738,952
2. CRH plc CRH8,1699,08511,02713,57216,62517,11124,72830,65529,07324,89922,78723,45624,60424,84522,88523,63524,78921,65323,24128,132
3. CEMEX, S.A.B. de C.V CX5,6226,9346,5157,1648,13915,30918,25021,67917,58215,14814,39613,54315,19914,93814,23910,30511,74612,13013,53113,130
4. Fletcher Building Limited FRCEF1,1052781,4361,8797,3575,8589,0049,3999,4718,3087,309
5. Vulcan Materials Company VMC2,7453,0202,7972,8922,4542,8953,3423,3283,6512,6902,4062,6122,5672,8103,2383,4323,6083,9084,3984,953
6. Martin Marietta Materials, Inc MLM1,5181,7181,6921,7111,7602,0042,2062,2072,1201,7031,7831,7142,0382,1562,9583,5403,8193,9664,2444,739
7. James Hardie Industries plc JHX9727566078049821,2101,4891,5431,4691,2031,1251,1671,2381,3211,4941,6571,7281,9222,0552,5072,607
8. Summit Materials, Inc SUM9161,2041,4321,6261,9332,1012,222
9. Forterra, Inc FRTA7377171,3641,5801,4801,530
10. U.S. Concrete, Inc USCR3954945034735015767908047545344564955316157049751,1701,3361,5061,479
11. Eagle Materials Inc EXP4174374714275006168579187485994684864956438981,0661,1431,2111,3871,3931,451
12. Cementos Pacasmayo S.A.A CPAC2643243714594494241,2311,2401,2261,2621,393
13. Tecnoglass Inc TGLS0183197239305314371431
14. The Monarch Cement Company MCEM117126135122145141154147154132121122152127147148165168174172
15. United States Lime & Minerals, Inc USLM324039455681119125142117133143139134150131139145144158
16. Brampton Brick Limited BMPAF323859798896908467577478989095127143156160142
17. Smith-Midland Corporation SMID16.04272318.1622242932303032272528232940424047
18. ReTo Eco-Solutions, Inc RETO13.7617.3832363830
19. CEMATRIX Corporation CTXXF7.515.389.67.7117.5623
20. Vitreous Glass Inc VCIGF6.737.338.448.028.238.638.50
21. Onyx Corp ONXC232717.9616.94
22. Lincoln Ventures Ltd TEKXF001.884.8400


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. Loma Negra Compañía Industrial Argentina Sociedad Anónima LOMA1.761.761.321.251.551.751.45
2. CRH plc CRH1.111.111.211.231.221.031.451.240.950.860.921.031.051.010.921.031.050.871.071.21
3. CEMEX, S.A.B. de C.V CX1.231.230.941.11.141.881.191.190.810.860.950.941.120.980.950.721.141.031.120.97
4. Fletcher Building Limited FRCEF0.250.255.171.313.910.81.541.041.010.880.88
5. Vulcan Materials Company VMC1.11.10.931.030.851.181.1511.10.740.891.090.981.091.151.061.051.081.131.13
6. Martin Marietta Materials, Inc MLM1.131.130.991.011.031.141.110.960.81.050.961.191.061.371.21.081.041.071.12
7. James Hardie Industries plc JHX0.780.780.81.321.221.231.231.040.950.820.941.041.061.071.131.111.041.111.071.221.04
8. Summit Materials, Inc SUM1.311.311.191.141.191.091.06
9. Forterra, Inc FRTA0.970.971.91.160.941.03
10. U.S. Concrete, Inc USCR1.251.251.020.941.061.151.371.020.940.710.851.091.071.161.141.381.21.141.130.98
11. Eagle Materials Inc EXP1.051.051.080.91.171.231.391.070.810.80.781.041.021.31.41.191.071.061.1411.04
12. Cementos Pacasmayo S.A.A CPAC1.231.231.151.240.980.952.91.010.991.031.1
13. Tecnoglass Inc TGLSINFINF1.081.211.281.031.181.16
14. The Monarch Cement Company MCEM1.081.081.060.911.190.971.090.951.050.860.921.011.240.841.151.011.121.021.030.99
15. United States Lime & Minerals, Inc USLM1.221.220.991.161.231.461.461.061.140.821.131.080.970.971.120.871.061.0411.1
16. Brampton Brick Limited BMPAF1.171.171.581.331.111.090.940.930.80.851.31.061.250.921.061.341.131.091.020.89
17. Smith-Midland Corporation SMID1.671.670.840.81.221.081.231.070.950.991.070.840.931.110.821.291.371.040.961.16
18. ReTo Eco-Solutions, Inc RETO1.261.261.871.11.060.79
19. CEMATRIX Corporation CTXXF2.052.050.620.82.281.28
20. Vitreous Glass Inc VCIGF1.091.091.150.951.031.050.990
21. Onyx Corp ONXC1.191.190.660.94
22. Lincoln Ventures Ltd TEKXFNANNANINF2.580NAN