Profile
Sector:
Basic MaterialsIndustry:
Building MaterialsCountry:
ArgentinaIPO:
01 November 2017Website:
http://www.lomanegra.comNext earnings report:
08 November 2024Last dividends:
30 June 2023Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:05:17 GMTAnalysts recommendations
Institutional Ownership
LOMA Latest News
Loma is closely tied to Argentina's economic cycles, showing resilience with a 28.1% EBITDA margin despite a 33% YoY drop in net sales. Argentina's economic reforms under President Milei, including FX unification and fiscal adjustments, are expected to benefit LOMA, especially with increased private sector investments. LOMA's valuation, based on a DCF model with a 14% WACC, suggests potential growth, reflecting Argentina's long-term economic stability and recovery prospects.
Argentina's economy is showing signs of recovery under President Javier Milei, who has implemented strict fiscal policies to curb overspending and inflation. Loma Negra, Argentina's largest cement producer, is well-positioned to benefit from the country's economic turnaround due to its market dominance and strong profit margin. The company's strong balance sheet and increased gross margins, despite economic challenges, highlight its resilience and potential for growth in a recovering economy.
Loma Negra's 2Q24 results were poor, with a 30% drop in sold volumes, halted production, and a challenging Argentinian macroeconomy impacting performance. Despite the downturn, margins improved due to cost-cutting measures, but the long-term viability of halted production is questionable. Brazilian controller Intercement's financial troubles and potential sale of Loma's stake could spur interest from strategic players, but not likely to affect stock price.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Diego Jalón – Head-Investor Relations Sergio Faifman – Chief Executive Officer Marcos Gradin – Chief Financial Officer Conference Call Participants Alberto Valerio – UBS Alejandra Obregon – Morgan Stanley Operator Good morning and welcome to the Loma Negra Second Quarter 2024 Conference Call And Webcast. All participants will be in a listen-only mode.
Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed the most recent trading day at $6.47, moving -1.22% from the previous trading session.
In the most recent trading session, Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed at $6.82, indicating a -1.3% shift from the previous trading day.
Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed the most recent trading day at $7.29, moving +1.25% from the previous trading session.
Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed at $6.94 in the latest trading session, marking a +1.76% move from the prior day.
In the most recent trading session, Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed at $6.78, indicating a +1.8% shift from the previous trading day.
In the latest trading session, Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed at $6.49, marking a -1.96% move from the previous day.
- 1(current)
What type of business is Loma Negra Compañía Industrial Argentina Sociedad Anonima?
Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction. The company also provides rail transportation services; and treats and recycles industrial waste for use as fuel and raw material. It markets its products under the Loma Negra, San Martín, Plasticor, Cacique Plus, Cacique Max, Loma Negra Plus, and Lomax brands. The company was founded in 1926 and is based in Buenos Aires, Argentina. Loma Negra Compañía Industrial Argentina Sociedad Anónima is a subsidiary of Intercement Trading E Inversiones Argentina Sociedad Limitada.
What sector is Loma Negra Compañía Industrial Argentina Sociedad Anonima in?
Loma Negra Compañía Industrial Argentina Sociedad Anonima is in the Basic Materials sector
What industry is Loma Negra Compañía Industrial Argentina Sociedad Anonima in?
Loma Negra Compañía Industrial Argentina Sociedad Anonima is in the Building Materials industry
What country is Loma Negra Compañía Industrial Argentina Sociedad Anonima from?
Loma Negra Compañía Industrial Argentina Sociedad Anonima is headquartered in Argentina
When did Loma Negra Compañía Industrial Argentina Sociedad Anonima go public?
Loma Negra Compañía Industrial Argentina Sociedad Anonima initial public offering (IPO) was on 01 November 2017
What is Loma Negra Compañía Industrial Argentina Sociedad Anonima website?
https://www.lomanegra.com
Is Loma Negra Compañía Industrial Argentina Sociedad Anonima in the S&P 500?
No, Loma Negra Compañía Industrial Argentina Sociedad Anonima is not included in the S&P 500 index
Is Loma Negra Compañía Industrial Argentina Sociedad Anonima in the NASDAQ 100?
No, Loma Negra Compañía Industrial Argentina Sociedad Anonima is not included in the NASDAQ 100 index
Is Loma Negra Compañía Industrial Argentina Sociedad Anonima in the Dow Jones?
No, Loma Negra Compañía Industrial Argentina Sociedad Anonima is not included in the Dow Jones index
When was Loma Negra Compañía Industrial Argentina Sociedad Anonima the previous earnings report?
No data
When does Loma Negra Compañía Industrial Argentina Sociedad Anonima earnings report?
The next expected earnings date for Loma Negra Compañía Industrial Argentina Sociedad Anonima is 08 November 2024