Neutral
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Seeking Alpha
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vor 4 Monaten
CRH plc is fundamentally strong but currently trades at historically high valuations, driven by NA-focused growth and sector-wide premiumization. CRH derives over 75% of EBITDA from North America, with 40% tied to publicly-funded infrastructure, increasing cyclicality and exposure to U.S. market downturns. Despite record results and strong capital allocation, CRH's 22x+ P/E, sub-1.2% yield, and...