This Dublin Gravel Supplier Is Undervalued Compared To Rivals VMC, MLM: Here's Why
Portfolio Pulse from Anthony Noto
Dublin-based construction supply company CRH plc is undervalued compared to its rivals Martin Marietta Materials (NYSE:MLM) and Vulcan Materials (NYSE:VMC), according to Street Sheet. CRH is expected to benefit from $2 trillion in spending from recent US government initiatives, and its primary stock market listing is moving to the US.
June 05, 2023 | 8:41 pm
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NEUTRAL IMPACT
Martin Marietta Materials (NYSE:MLM) is trading at a higher valuation than CRH plc, which is expected to benefit from recent US government initiatives.
MLM is trading at a higher valuation than CRH, but the news does not directly impact MLM's stock price. However, it highlights the valuation gap between the two companies, which could lead to a potential reevaluation of MLM's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Vulcan Materials (NYSE:VMC) is trading at a higher valuation than CRH plc, which is expected to benefit from recent US government initiatives.
VMC is trading at a higher valuation than CRH, but the news does not directly impact VMC's stock price. However, it highlights the valuation gap between the two companies, which could lead to a potential reevaluation of VMC's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
CRH plc is undervalued compared to rivals MLM and VMC, and is expected to benefit from $2 trillion in US government spending. The company is moving its primary stock market listing to the US.
CRH is undervalued compared to its rivals and is expected to benefit from recent US government initiatives, which will increase demand for its products. The company's move to list its primary stock in the US will help close the valuation gap with its competitors and potentially drive the stock higher.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100