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Çimsa Valuation Multiples

Discover Çimsa's revenue and EBITDA valuation multiples, acquisitions, and investment history, alongside public comparables like Monarch Cement, Kuwait Cement, Holcim Ecuador, Cementos Pacasmayo and more.

Çimsa Overview

About Çimsa

Cimsa Cimento Sanayi Ve Ticaret AS is a building materials company that manufactures and distributes various types of cement. Cimsa's product offerings include specialty cement, such as white cement and calculate aluminate cement and regular grey cement. Beyond the company's primary cement segment, Cimsa produces ready-mixed concrete and the company operates its distribution system. It generates the majority of its revenue from the Cement segment. The company is based in Turkey but maintains factories and operations across Europe.


Founded

1972

HQ

Turkey

Employees

921

Financials (FY)

Revenue: $999M
EBITDA: $235M

EV

$2B

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Çimsa Financials

Çimsa reported last fiscal year revenue of $999M and EBITDA of $235M.

In the same fiscal year, Çimsa generated $196M in gross profit, $235M in EBITDA, and $67M in net income.

Revenue (LTM)


Çimsa P&L

In the most recent fiscal year, Çimsa reported revenue of $999M and EBITDA of $235M.

Çimsa is profitable as of last fiscal year, with gross margin of 20%, EBITDA margin of 23%, and net margin of 7%.

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Last FY202320242025202620272028
Revenue$999M$446M$612M$999M
Gross Profit$196M$88M$131M$196M
Gross Margin20%20%21%20%
EBITDA$235M$114M$173M$235M
EBITDA Margin23%26%28%23%
EBIT Margin10%12%11%10%
Net Profit$67M$54M$58M$67M
Net Margin7%12%10%7%
Net Debt$397M---

Financial data powered by Morningstar, Inc.

Çimsa Stock Performance

Çimsa has current market cap of $1B, and enterprise value of $2B.

Market Cap Evolution


Çimsa's stock price is $1.12.

Çimsa share price increased by 1.2% in the last 30 days, and by 3.0% in the last year.

Çimsa has an EPS (earnings per share) of $0.07.

See more trading valuation data for Çimsa
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$1B-1.6%1.2%2.7%3.0%$0.07

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Çimsa Valuation Multiples

Çimsa trades at 1.6x EV/Revenue multiple, and 6.7x EV/EBITDA.

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EV / Revenue (LTM)


Çimsa Financial Valuation Multiples

As of June 5, 2026, Çimsa has market cap of $1B and EV of $2B.

Çimsa has a P/E ratio of 15.7x.

Last FY202320242025202620272028
EV/Revenue1.6x3.5x2.6x1.6x
EV/EBITDA6.7x13.8x9.1x6.7x
EV/EBIT16.2x29.1x22.5x16.2x
EV/Gross Profit8.0x17.9x11.9x8.0x
P/E15.7x19.5x18.1x15.7x
EV/FCFn/m(69.9x)27.9xn/m

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Çimsa Valuation Multiples

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Çimsa Margins & Growth Rates

Çimsa grew revenue by 17% but EBITDA decreased by 8% in the last fiscal year.

In the most recent fiscal year, Çimsa reported gross margin of 20%, EBITDA margin of 23%, and net margin of 7%.

See estimated margins and future growth rates for Çimsa

Çimsa Margins

Last FY202420252026202720282029
Gross Margin20%21%20%-
EBITDA Margin23%28%23%19%
EBIT Margin10%11%10%-
Net Margin7%10%7%8%
FCF Margin0%9%0%-

Çimsa Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth17%37%63%17%
Gross Profit Growth-50%49%-
EBITDA Growth(8%)52%36%(8%)
EBIT Growth-30%39%-
Net Profit Growth36%8%15%36%
FCF Growth-(351%)(97%)-

Data powered by FactSet, Inc. and Morningstar, Inc.

Çimsa Operational KPIs

Çimsa's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.1M for the same period.

Çimsa's Rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Çimsa's Rule of X is 60% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Last FY202320242025202620272028
Rule of 4035%---
Bessemer Rule of X60%---
Revenue per Employee$1.1M---
Opex per Employee$0.1M---
S&M Expenses to Revenue0%0%0%0%
G&A Expenses to Revenue3%2%4%3%
R&D Expenses to Revenue0%0%0%0%
Opex to Revenue10%8%10%10%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Çimsa Competitors

Çimsa competitors include Monarch Cement, Kuwait Cement, Holcim Ecuador, Cementos Pacasmayo, Caltagirone, Akçansa, Metsa Board, Ackerstein Group, Breedon Group and Batısöke Çimento.

Most Çimsa public comparables operate across Building Materials.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Monarch Cement----
Kuwait Cement4.9x-28.0x-
Holcim Ecuador2.6x-7.3x-
Cementos Pacasmayo2.1x2.1x8.5x8.2x
Caltagirone0.2x-0.9x-
Akçansa1.7x-8.4x-
Metsa Board0.8x0.8x70.9x21.6x
Ackerstein Group3.0x-18.3x-

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Acquisitions by Çimsa

Çimsa has acquired 1 company to date.

Last acquisition by Çimsa was on August 28th 2024. Çimsa acquired Mannok for $376M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Çimsa

Mannok
Description
Mannok is an Ireland-based producer of building materials encompassing insulation boards, plasterboard, and plastic piping systems. Its Viridian Range includes PIR insulation for walls, roofs, and floors with thermal values up to 0.022 W/mK. Headquartered in Ballyconnell, County Cavan, the company serves UK and Irish construction sectors from manufacturing sites across Northern Ireland.
HQ CountryIreland
HQ City
Dublin
Deal Date28 Aug 2024
Valuation$376M
EV/Revenue
EV/EBITDA

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Investments by Çimsa

Çimsa has invested in 2 companies to date.

Latest investment by Çimsa was on October 1st 2025. Çimsa invested in FenX in their $10M Series A round (EV/Revenue multiple available to Pro users).

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Latest Investments by Çimsa

FenX
everox (former C2CA)
Description
FenX is a Swiss company based in Zurich developing recyclable insulation materials from mineral waste. Its foam products serve real estate developers and construction firms for non-flammable building applications. The portfolio includes panels with low CO2 emissions made from basalt and glass waste, supporting circular economy projects across Europe since 2020.
everox is a Netherlands-based concrete recycling company founded in 2016 through a collaboration between Delft University, Delft Enterprises, and GBN. Operating a demonstration plant in Hoorn, everox employs advanced separation and quality control technologies to process waste concrete into aggregates, sand, and cement substitutes. This circular process targets reduction of virgin material use and addresses 8% of global CO2 emissions from cement production. The company's modular systems support scalable production of high-quality recycled concrete for construction projects across Europe.
HQ CountrySwitzerlandNetherlands
HQ City
Zurich
Rotterdam
Deal Date1 Oct 202513 Nov 2024
RoundSeries ASeries A
Raised$10M$11M
Investors4See Ventures; buildify.earth; Çimsa; ETH Zurich Foundation; Move Energy; Supernova Invest; Zürcher Kantonal BankChrysalix Venture Capital; Çimsa; InnovationQuarter; PI-Impact; Taaleri Bioindustry; Titan Cement International
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Çimsa

When was Çimsa founded?Çimsa was founded in 1972.
Where is Çimsa headquartered?Çimsa is headquartered in Turkey.
How many employees does Çimsa have?As of today, Çimsa has over 921 employees.
Is Çimsa publicly listed?Yes, Çimsa is a public company listed on Borsa Istanbul.
What is the stock symbol of Çimsa?Çimsa trades under CIMSA ticker.
When did Çimsa go public?Çimsa went public in 1986.
Who are competitors of Çimsa?Çimsa main competitors include Monarch Cement, Kuwait Cement, Holcim Ecuador, Cementos Pacasmayo, Caltagirone, Akçansa, Metsa Board, Ackerstein Group, Breedon Group, Batısöke Çimento.
What is the current market cap of Çimsa?Çimsa's current market cap is $1B.
What is the current revenue of Çimsa?Çimsa's last fiscal year revenue is $999M.
What is the current revenue growth of Çimsa?Çimsa revenue growth (vs. last FY) is 17%.
What is the current EV/Revenue multiple of Çimsa?Current revenue multiple of Çimsa is 1.6x.
Is Çimsa profitable?No, Çimsa is not profitable.
How many companies Çimsa has acquired to date?As of June 2026, Çimsa has acquired 1 company.
What was the largest acquisition by Çimsa?$376M acquisition of Mannok on 28th August 2024 was the largest M&A Çimsa has done to date.
What companies Çimsa acquired?Çimsa acquired Mannok.
In how many companies Çimsa has invested to date?As of June 2026, Çimsa has invested in 2 companies.
What was the last Çimsa investment?On 1st October 2025 Çimsa invested in FenX, participating in a $10M Series A round, alongside 4See Ventures, buildify.earth, ETH Zurich Foundation, Move Energy, Supernova Invest, and Zürcher Kantonal Bank.
In what companies Çimsa invested in?Çimsa invested in everox (former C2CA) and FenX.

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