CRH plc (NYSE: CRH) is a leading global diversified building materials group. Headquartered in Ireland, it employs over 78,500 people across 28 countries and operates in the Americas, Europe, and Asia. CRH manufactures and supplies a wide range of building materials, including cement, aggregates, readymixed concrete, and asphalt, among others.
Key Takeaways:
- CRH’s stock price is expected to experience steady growth, driven by strong industry fundamentals and the company’s strategic initiatives.
- Our forecasts reflect a balanced assessment of market dynamics, economic conditions, and CRH’s competitive advantages.
- Long-term investors seeking exposure to the construction materials sector may find CRH an attractive investment opportunity.
Overview of CRH
CRH plc, traded on the NYSE under the ticker CRH, is a multinational corporation specializing in building materials with its global headquarters situated in Dublin, Ireland. The company traces its origins back to 1970 when two prominent Irish public firms, Cement Limited (founded in 1936) and Roadstone Limited (established in 1949), merged to form CRH. Over the decades, CRH has expanded its operations across numerous countries, offering a diverse array of construction materials. These include cement, aggregates, ready-mixed concrete, asphalt, and related products.
CRH Company Profile
| Country | Ireland |
| Ticker Symbol | CRH |
| Exchange | New York Stock Exchange (NYSE) |
| Founded | 1970 |
| IPO Date | (listed on NYSE since 2023) |
| Industry | Building Materials |
| Sector | Basic Materials |
| Employees | 78,500 |
| CEO | Albert Jude Manifold |
| Market Cap (Jun 7, 2024) | $53.44 billion |
| Website | CRH |
CRH plc (CRH) Balance Sheet Analysis
CRH’s total assets stood at $47.5 billion, with $10.7 billion in net tangible assets. Total liabilities were $25.8 billion, including $13.0 billion in total debt and $1.4 billion in capital lease obligations.
Shareholders’ equity totaled $21.6 billion, with $20.9 billion in common stock equity. Tangible book value was $10.7 billion. The company had $6.9 billion in working capital and $32.5 billion in invested capital.
Key debt metrics included $5.3 billion in net debt. Share counts were 734.5 million shares issued, 692.1 million ordinary shares outstanding, and 42.4 million treasury shares.
With solid assets, moderate leverage, and ample working capital, CRH’s 2023 balance sheet reflected a strong financial position to support its global building materials business.
Balance Sheet Data Source: finance.yahoo
CRH Stock Price History
In 2023, the New York Stock Exchange became CRH’s primary listing.
As of June 7, 2024, the stock price stands at $77.82.
CRH Stock Price Forecast 2024
For the remainder of 2024, we anticipate CRH’s stock price to experience moderate growth, reflecting the company’s strong financial performance and positive industry outlook. Our projections indicate the following price range:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $61.50 | $82.00 | $87.00 |
The construction industry is expected to maintain its momentum, fueled by robust residential and commercial construction activities, infrastructure investments, and global urbanization trends. CRH’s diversified product portfolio and geographic reach position the company to capitalize on these tailwinds.
Year-over-year growth: 5.4%
CRH Stock Price Forecast 2025
In 2025, we expect CRH’s stock price to continue its upward trajectory, driven by the company’s strategic initiatives and favorable market conditions. Our forecast for 2025 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $84.00 | $89.50 | $95.00 |
CRH is likely to benefit from increased construction demand, particularly in the Americas and Europe, where infrastructure spending and residential construction are anticipated to remain strong. The company’s focus on operational efficiency and cost optimization should further bolster profitability.
Year-over-year growth: 9.1%
CRH Stock Price Forecast 2026
As we move into 2026, our analysis suggests that CRH’s stock price will maintain its positive momentum, supported by the company’s robust financial performance and strategic acquisitions. The forecast for 2026 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $90.00 | $97.00 | $104.00 |
CRH’s commitment to innovation and sustainability initiatives, coupled with its strong brand recognition and customer loyalty, should contribute to its continued success. Additionally, the company’s focus on expanding its global footprint through strategic acquisitions will likely unlock new growth opportunities.
Year-over-year growth: 8.4%
CRH Stock Price Forecast 2027
In 2027, we anticipate CRH’s stock price to maintain its upward trajectory, driven by favorable industry dynamics and the company’s strategic execution. Our forecast for 2027 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $96.00 | $104.50 | $113.00 |
The construction materials industry is expected to benefit from continued urbanization, infrastructure investments, and economic growth in emerging markets. CRH’s vertically integrated business model, coupled with its strong brand recognition and customer relationships, should position the company well to capitalize on these opportunities.
Year-over-year growth: 7.7%
CRH Stock Price Forecast 2028
Our analysis for 2028 indicates that CRH’s stock price will continue to appreciate, driven by the company’s strong financial performance and strategic initiatives. The forecast for 2028 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $102.00 | $112.00 | $122.00 |
CRH’s focus on operational excellence, cost optimization, and portfolio optimization is expected to contribute to improved profitability and shareholder value creation. Furthermore, the company’s commitment to sustainability and environmental, social, and governance (ESG) practices should resonate with investors.
Year-over-year growth: 7.2%
CRH Stock Price Forecast 2029
As we approach the end of the decade, our forecast suggests that CRH’s stock price will maintain its positive trajectory, supported by the company’s strong fundamentals and industry tailwinds. The forecast for 2029 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $108.00 | $119.50 | $131.00 |
The construction materials industry is anticipated to benefit from continued infrastructure investments, urbanization, and economic growth, particularly in emerging markets. CRH’s diversified product portfolio, geographic footprint, and commitment to innovation should position the company well to capitalize on these opportunities.
Year-over-year growth: 6.7%
CRH Stock Price Forecast 2030
As we enter the new decade, our analysis suggests that CRH’s stock price will continue to experience steady growth, driven by the company’s strong fundamentals and strategic initiatives. The forecast for 2030 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $114.00 | $127.00 | $140.00 |
CRH’s focus on operational excellence, cost optimization, and portfolio optimization is expected to contribute to improved profitability and shareholder value creation. Additionally, the company’s commitment to sustainability and environmental, social, and governance (ESG) practices should resonate with investors and position the company for long-term success.
Year-over-year growth: 6.3%
Related: Ecolab (ECL) Stock Forecast & Price Prediction
CRH Stock Price Forecast 2031
In 2031, we anticipate CRH’s stock price to maintain its upward trajectory, driven by favorable industry dynamics and the company’s strategic execution. Our forecast for 2031 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $120.00 | $134.50 | $149.00 |
The construction materials industry is expected to benefit from continued urbanization, infrastructure investments, and economic growth in emerging markets. CRH’s vertically integrated business model, coupled with its strong brand recognition and customer relationships, should position the company well to capitalize on these opportunities.
Year-over-year growth: 5.9%
CRH Stock Price Forecast 2032
Our analysis for 2032 indicates that CRH’s stock price will continue to appreciate, driven by the company’s strong financial performance and strategic initiatives. The forecast for 2032 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $126.00 | $142.00 | $158.00 |
CRH’s focus on operational excellence, cost optimization, and portfolio optimization is expected to contribute to improved profitability and shareholder value creation. Furthermore, the company’s commitment to sustainability and environmental, social, and governance (ESG) practices should resonate with investors.
Year-over-year growth: 5.6%
CRH Stock Price Forecast 2033
As we progress into 2033, our forecast suggests that CRH’s stock price will continue to experience steady growth, supported by the company’s strong fundamentals and industry tailwinds. The forecast for 2033 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $132.00 | $149.50 | $167.00 |
The construction materials industry is anticipated to benefit from continued infrastructure investments, urbanization, and economic growth, particularly in emerging markets. CRH’s diversified product portfolio, geographic footprint, and commitment to innovation should position the company well to capitalize on these opportunities.
Year-over-year growth: 5.3%
CRH Stock Price Forecast 2034
As we move into 2034, our analysis suggests that CRH’s stock price will maintain its positive momentum, supported by the company’s robust financial performance and strategic acquisitions. The forecast for 2034 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $138.00 | $157.00 | $176.00 |
CRH’s commitment to innovation and sustainability initiatives, coupled with its strong brand recognition and customer loyalty, should contribute to its continued success. Additionally, the company’s focus on expanding its global footprint through strategic acquisitions will likely unlock new growth opportunities.
Year-over-year growth: 5.0%
CRH Stock Price Forecast 2035
In 2035, we anticipate CRH’s stock price to maintain its upward trajectory, driven by favorable industry dynamics and the company’s strategic execution. Our forecast for 2035 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $144.00 | $164.50 | $185.00 |
The construction materials industry is expected to benefit from continued urbanization, infrastructure investments, and economic growth in emerging markets. CRH’s vertically integrated business model, coupled with its strong brand recognition and customer relationships, should position the company well to capitalize on these opportunities.
Year-over-year growth: 4.8%
CRH Stock Price Forecast 2036
Our analysis for 2036 indicates that CRH’s stock price will continue to appreciate, driven by the company’s strong financial performance and strategic initiatives. The forecast for 2036 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $150.00 | $172.00 | $194.00 |
CRH’s focus on operational excellence, cost optimization, and portfolio optimization is expected to contribute to improved profitability and shareholder value creation. Furthermore, the company’s commitment to sustainability and environmental, social, and governance (ESG) practices should resonate with investors.
Year-over-year growth: 4.6%
CRH Stock Price Forecast 2037
As we approach the end of the decade, our forecast suggests that CRH’s stock price will maintain its positive trajectory, supported by the company’s strong fundamentals and industry tailwinds. The forecast for 2037 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $156.00 | $179.50 | $203.00 |
The construction materials industry is anticipated to benefit from continued infrastructure investments, urbanization, and economic growth, particularly in emerging markets. CRH’s diversified product portfolio, geographic footprint, and commitment to innovation should position the company well to capitalize on these opportunities.
Year-over-year growth: 4.4%
CRH Stock Price Forecast 2038
As we enter the latter half of the decade, our analysis suggests that CRH’s stock price will continue to experience steady growth, driven by the company’s strong fundamentals and strategic initiatives. The forecast for 2038 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $162.00 | $187.00 | $212.00 |
CRH’s focus on operational excellence, cost optimization, and portfolio optimization is expected to contribute to improved profitability and shareholder value creation. Additionally, the company’s commitment to sustainability and environmental, social, and governance (ESG) practices should resonate with investors and position the company for long-term success.
Year-over-year growth: 4.2%
CRH Stock Price Forecast 2039
In 2039, we anticipate CRH’s stock price to maintain its upward trajectory, driven by favorable industry dynamics and the company’s strategic execution. Our forecast for 2039 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $168.00 | $194.50 | $221.00 |
The construction materials industry is expected to benefit from continued urbanization, infrastructure investments, and economic growth in emerging markets. CRH’s vertically integrated business model, coupled with its strong brand recognition and customer relationships, should position the company well to capitalize on these opportunities.
Year-over-year growth: 4.0%
CRH Stock Price Forecast 2040
As we approach the end of the forecast period, our analysis for 2040 indicates that CRH’s stock price will continue to appreciate, driven by the company’s strong financial performance and strategic initiatives. The forecast for 2040 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $174.00 | $202.00 | $230.00 |
CRH’s focus on operational excellence, cost optimization, and portfolio optimization is expected to contribute to improved profitability and shareholder value creation. Furthermore, the company’s commitment to sustainability and environmental, social, and governance (ESG) practices should resonate with investors.
Year-over-year growth: 3.9%
CRH Stock Price Forecast 2050
Looking ahead to 2050, our long-term forecast suggests that CRH’s stock price will continue its upward trajectory, driven by the company’s strong fundamentals and strategic initiatives. The forecast for 2050 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $270.00 | $450.00 | $900.00 |
The construction materials industry is anticipated to benefit from continued infrastructure investments, urbanization, and economic growth, particularly in emerging markets. CRH’s diversified product portfolio, geographic footprint, and commitment to innovation should position the company well to capitalize on these opportunities.
Compound Annual Growth Rate (CAGR) from 2024 to 2050: 9.8%
Conclusion
Our comprehensive analysis of CRH plc (NYSE: CRH) stock price forecast paints a promising picture for long-term investors. The company’s strong fundamentals, strategic initiatives, and favorable industry dynamics position it for sustained growth over the next few decades. While short-term market fluctuations are expected, CRH’s diversified business model and commitment to operational excellence and innovation should enable it to navigate market challenges effectively. As a leading player in the construction materials industry, CRH represents an attractive investment opportunity for those seeking exposure to this sector and its potential upside.
FAQs
1. What is the future of CRH share price?
Based on our analysis, the future of CRH’s share price looks promising. Our forecasts suggest steady growth in the company’s stock price, driven by strong industry fundamentals, strategic initiatives, and favorable market conditions. By 2050, we project CRH’s share price to reach an average of $450, with a high of $900.
2. What is the CRH share prediction for 2030?
According to our forecasts, in 2030, CRH’s share price is expected to range between $114 and $140, with an average price of $127. This represents a significant increase from the current price of $77.82 (as of June 7, 2024), reflecting the company’s anticipated growth and performance in the coming years.
3. What is the CRH 10 year outlook?
Over the next 10 years, from 2024 to 2034, we predict a positive outlook for CRH’s share price. Our forecasts indicate a steady upward trajectory, with the share price expected to reach an average of $157 by 2034, representing a compound annual growth rate (CAGR) of approximately 7.2% during this period.
4. Is CRH a buy, hold, or sell?
Based on our comprehensive analysis and forecasts, CRH appears to be a strong “buy” for long-term investors seeking exposure to the construction materials sector. The company’s solid fundamentals, strategic initiatives, and favorable industry dynamics position it for sustained growth over the next few decades.
5. Who are the major competitors of CRH?
CRH operates in a competitive global market and faces competition from various players in the construction materials industry. Some of the major competitors of CRH include:
- Holcim (SWX: HOLN)
- HeidelbergCement AG (ETR: HEI)
- CEMEX, S.A.B. de C.V. (NYSE: CX)
- Vulcan Materials Company (NYSE: VMC)
- Martin Marietta Materials, Inc. (NYSE: MLM)
- BASF SE (ETR: BAS)
- Sika AG (SWX: SIKA)
- Saint-Gobain (EPA: SGO)
- LafargeHolcim Ltd. (SWX: LHN)
- Buzzi Unicem S.p.A. (BIT: BZU)
While these companies are competitors, CRH’s diversified product portfolio, global footprint, and commitment to innovation and operational excellence position it as a strong contender in the industry.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
