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Stock Comparison · Cheaper and stronger

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

A2A S.p.A holds the cleaner structural position, with the lead spread across valuation and growth. Holcim still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — A2A S.p.A holds the more constructive position. That puts structure and market broadly in agreement — A2A S.p.A's lead looks more confirmed than conflicted.

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 2026-08-16

The clearest separation starts in valuation, but growth adds another real layer to the result. A2A S.p.A. leads by 34 points on the overall comparison score.

Trajectory Similarity
0.66
Moderately similar
Peer-set rank: #9
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.
60
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
HOLN.SW
Holcim AG
26
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

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

Pricing and operating quality both support the lead here.

Dimension spread: A2A.MI vs HOLN.SW Profitability 53 36 Stability 32 45 Valuation 84 11 Growth 61 13 A2A.MI HOLN.SW
Gap Ranking
#1 Valuation +73
#2 Growth +48
#3 Profitability +17
#4 Stability +13
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

A2A S.p.A. looks stronger both structurally and on relative valuation.

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 27 pct gap HOLN.SW Neutral · below norm 0th 50th 100th 93rd 66th
Today HOLN.SW sits in the upper-middle of its own 5-year history (66th percentile), while A2A.MI sits higher in its own history (93rd). Within each stock's own 5-year context, HOLN.SW is at a historically more favourable entry position than A2A.MI. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

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, A2A S.p.A. is positioned higher in the group, while Holcim AG is closer to the middle.
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 5.8 turns lower.

What else supports the lead

Revenue growth reinforces the category-level growth lead.

What this means for the comparison

The lead is built on both valuation and growth — though stability still provides a counterweight.

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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Similar valuation-and-growth comparisons

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.