Home Compare A2A.MI vs HOLN.SW
Stock Comparison · Valuation-led comparison

A2A S.p.A. vs Holcim: Which Stock Looks Stronger in 2026?

A2A S.p.A holds the cleaner structural position, with valuation as the main driver and growth adding further support. Holcim still leads on growth and stability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-07-05

The comparison is mainly decided in valuation, with the rest of the profile carrying less weight. A2A S.p.A. leads by 19 points on the overall comparison score.

Trajectory Similarity
0.65
Moderately similar
Peer-set rank: #10
within A2A S.p.A.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

Most of the shared profile comes through revenue growth trajectory and capital structure.

Similarity drivers
revenue growth trajectorycapital structure
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
A2A.MI
A2A S.p.A.
57
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
HOLN.SW
Holcim AG
38
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: A2A.MI vs HOLN.SW Profitability 49 37 Stability 33 47 Valuation 84 11 Growth 50 71 A2A.MI HOLN.SW
Gap Ranking
#1 Valuation +73
#2 Growth +21
#3 Stability +14
#4 Profitability +12
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for A2A.MI and HOLN.SW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer A2A.MIHOLN.SW Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward A2A S.p.A..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where A2A.MI and HOLN.SW each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY A2A.MI Elevated · above norm 0th 50th 100th 14 pct gap HOLN.SW Elevated · below norm 0th 50th 100th 97th 82nd
A2A.MI (97th percentile) and HOLN.SW (82nd percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
On valuation, A2A S.p.A. ranks near the top of the group; Holcim AG sits in the weaker half.
Growth
On growth, the edge still sits with Holcim AG, even though both profiles look solid.
Valuation — Dominant Gap
A2A.MI
84
HOLN.SW
11
Gap+73in favour of A2A.MI

The multiple-based pricing edge comes from a forward P/E that is 6.8 turns lower.

What keeps the gap from being one-sided

Earnings growth also leans toward HOLN.SW, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The valuation edge is decisive, even though current pricing and growth still lean somewhat toward Holcim AG.

Explore full peer positioning in AssetNext

Break down the A2A.MI vs HOLN.SW comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how A2A.MI and HOLN.SW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.