Buzzi: This Global Cement Giant Could Rally 23%
October 2026
By Chad Padowitz, Talaria Co-CIO
Talaria Co-CIO Chad Padowitz’s latest stock in focus for Money Magazine looks at Buzzi, the Italian family-controlled cement producer with significant exposure to the US and global infrastructure markets.
With cement plants difficult to replicate and high transport costs creating barriers to entry, Buzzi benefits from established market positions and attractive industry economics. The company also has a strong net cash balance sheet and is increasingly returning capital to shareholders through dividends and buybacks.
Trading at just 8.4 times expected 2026 earnings and below book value, Chad examines why Buzzi could be an undervalued opportunity, with potential upside of around 23%.
Chad Padowitz is the Co-Chief Investment Officer of Talaria Asset Management. He has more than 25 years’ experience in the financial services industry in the UK, South Africa and Australia.
His experience includes working as an analyst in the treasury department at HSBC Bank in London, in derivative reporting and analysis, and as an equities research analyst at First National Bank in South Africa.
Chad holds a Bachelor of Commerce from University of the Witwatersrand (South Africa), is a Fellow of the Financial Services Institute of Australasia and is a Chartered Financial Analyst charterholder. Chad co-founded Talaria Asset Management in 2018.
