CRH Plc vs United States Lime & Minerals Inc

CRH Plc (CRH) is undervalued and United States Lime & Minerals Inc (USLM) is fairly valued.

Against our estimates of intrinsic value, CRH trades at the wider discount: a margin of safety of +21%, against +3% for USLM.

Values as of the 22 Sept 2026 close.

CRH Plc (CRH)

Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $112.05; the price of $88.04 is 21% below that value, and 72% of that value comes from beyond year five.

Leak Score 53/100 on 6 of 12 signals

United States Lime & Minerals Inc (USLM)

Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $117.56; the price of $113.78 is 3% below that value, and 78% of that value comes from beyond year five.

Leak Score 44/100 on 2 of 12 signals

MetricCRHUSLM
VerdictUndervaluedFairly valued
Price$88.04$113.78
Intrinsic value$112.05$117.56
Margin of safety+21%+3%
Leak Score53/100 (6/12)44/100 (2/12)
Market cap$58.6B$3.3B
Revenue growth, 5 years6.3%18.3%
Operating margin14.1%42.1%
Net margin9.9%35.7%
Return on equity16.4%21.4%
Debt to equity0.820.00
P/E15.5x24.3x
Forward P/E13.4x20.0x
P/B2.3x4.7x
Dividend yield1.8%0.2%

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