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The Screen · Basic Materials · Building Materials
AMRZAmrize Ltd
AMRZ · the NYSE · USD · Market cap $21.6B · 19,000 employees
Amrize AG engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.59, read 2026-11-05
Ethical passes the values gate
Price44.15 USD
Fair value36.05
Ethical score70.0/100
Value readOvervaluedas of 4 Nov 2026
Our investment reviews on this name
2026-10-23Read Accumulation39.44+11.9% to today ✓Markdown gives way to Accumulation with results news in the headlines
2026-09-21Read Markdown38.19+15.6% to today Distribution gives way to Markdown after a 28% slide in 12 weeks
2026-07-02Read Distribution53.17-17.0% to today ✓First review on file: Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Amrize Ltd holds its Accumulation at $44.15. The statistical read favours the buyers, held for 8 days.
As held on the ledger · 2026-11-04
Phase
Accumulation
Quantitative state
The statistical read favours the buyers, held for 8 days
Price at the screen
$44.15
Valuation
18.01 trailing · 13.83 forward price to earnings
Values screen
PASS· score 70.0
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
26.16%
Below 33%
Interest-bearing debt is just 26.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
12.36%
Below 49%
Money owed to the company is 12.4% of assets, under the 49% limit.
Pass
Revenue purity
0.41%
Below 5%
Only 0.4% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Amrize clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 26%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Get an email when AMRZ's ethical verdict changes
Today AMRZ passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Overvalued vs our fair value, as of 4 Nov 2026: it trades above our $36.05 fair value estimate, narrow competitive moat, 8.60% revenue growth.
Fair value range in USD, drawn from the 2026-11-04 screen. The gold marker is the market price at the same screen. The price runs 22.5% above the base estimate.
Third-party analyst targets: 19 covering, consensus Buy. The average target sits +9% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Where our models see it going: fair-value estimate $36.05, with a range of $28.80 to $41.46, dated to the 2026-11-04 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Cement pours tied to the construction cycle
When a highway extension gets poured outside Dallas or a warehouse rises near Chicago, Amrize supplies the cement and aggregates that hold the project together. The business sits inside a sector that expands and contracts with interest rates, public spending and housing starts.
We pass. Shares trade 10% above our fair value, revenue growth sits at just 5% and the narrow moat plus 10% ROE give little margin when volumes turn down. A forward multiple of 15.6 times looks ordinary rather than cheap once the cycle is considered.
The classic trap in this industry is that earnings often peak while multiples still appear reasonable. Here the modest growth, single-country exposure and construction sensitivity add real downside if spending slows. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: its business and earnings are exposed to Switzerland and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
AMRZ trades on the NYSE (the company is based in Switzerland). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Accumulation$41.97+6.4%Entry 19
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 6.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65.
2026-10-28Accumulation$39.44+0.0%Entry 18
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-27Accumulation$39.44+0.0%Entry 17
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-26Accumulation$39.44+0.0%Entry 16
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Accumulation$39.44+0.0%Entry 15
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-24Accumulation$39.44+0.0%Entry 14
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-22Markdown$37.32+0.0%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-21Markdown$37.32+0.0%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-19Markdown$37.32+3.1%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 3.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (21 analysts) rates it buy, with a mean price target of $65.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.