{
 "as_of": "2026-11-06",
 "cmr": "ch-cm-kg/SIX/HEID",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# HEIDELBERG MATER (SIX: HEID) — research page\n\nAs of 2026-11-06 · ch-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is HEIDELBERG MATER, listed on SIX under ticker HEID, with ISIN DE0006047004 and LEI LZ2C6E0W5W7LQMX5ZI37. The security type is Corporate (foreign ISIN, SIX line). Segment is not on the record. Sector is not on the record, as the SIX feed returns an empty ICB industry for this line. Jurisdiction is DE. Listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 0 filings in the window 2025-11-06 to 2026-11-06, on 0 filing days. The median gap between filing days is not on the record. The latest filing date is not on the record, and days from latest filing to record date are not on the record. The latest filing type is not on the record. The exchange peer median on SIX is 29.5 days of cadence gap, 0 filings and 14 days of latency, across 607 issuers. Sector peer figures are not on the record for CH.\n\n## Auditor\n\nThe auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location is not on the record. Auditor changes are not on the record, as no lifecycle type map exists for this register yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as no lifecycle type map exists for this register yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden, and it is determinable for each. The rule version is acm-68000/ch/finsa-product-duties/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 23 research houses: AlphaValue, Berenberg, Bloomberg, CIC Market Solutions, Citi Investment Research, Data Based Analysis, Davy Stockbrokers, Deutsche Bank, DZ BANK, Exane BNP Paribas, Goldman Sachs, Jefferies, Morgan Stanley, Morningstar, Oddo, On Field Investment, RBC Capital Markets, UBS, Goodbody, J.P. Morgan, Kepler Cheuvreux, Landesbank Baden-Württemberg and Metzler.\n\n## Open research\n\nNo openly published research notes were found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/LZ2C6E0W5W7LQMX5ZI37 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.ch-cm-kg.ai/events/SIX/HEID (the disclosure lines)\n- https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions (the halt flag)\n- https://mcp.ch-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage (coverage)\n- https://mcp.ch-cm-kg.ai/record/SIX/HEID (the record)\n",
 "market": "CH",
 "node": "ch-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the CH vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "CH",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "CH",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CH",
    "state": "not_on_record"
   },
   "changes": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "ch-cm-kg/SIX/HEID",
  "coverage": {
   "count": 23,
   "houses": [
    {
     "analyst": "Egor Sonin",
     "house": "AlphaValue",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Harry Goad",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Kevin Kouam",
     "house": "Bloomberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Ebrahim Homani",
     "house": "CIC Market Solutions",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Ephrem Ravi",
     "house": "Citi Investment Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Michael Betts",
     "house": "Data Based Analysis",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Colin Sheridan",
     "house": "Davy Stockbrokers",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Jonathan Bell",
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Thorsten Reigber",
     "house": "DZ BANK",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Paul Roger",
     "house": "Exane BNP Paribas",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Benjamin Rada Martin",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Glynis Johnson",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Cedar Ekblom",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Matthew Donen",
     "house": "Morningstar",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Sven Edelfelt",
     "house": "Oddo",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Yassine Touahri",
     "house": "On Field Investment",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Anthony Codling",
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Julian Radlinger",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Lorcan Denningan",
     "house": "Goodbody",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Elodie Rall",
     "house": "J.P. Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Luis Prieto",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Johannes Spaeth",
     "house": "Landesbank Baden-Württemberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Nikolas Demeter",
     "house": "Metzler",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage",
     "result": "read: 23 of 45 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 607,
     "median_cadence_gap_days": 29.5,
     "median_filings": 0,
     "median_latency_days": 14,
     "name": "SIX"
    },
    "sector": {
     "market": "CH",
     "state": "not_on_record"
    }
   },
   "by_type": {},
   "cadence_median_gap_days": null,
   "filing_days": 0,
   "filings": 0,
   "latency_days": null,
   "latest": [],
   "latest_filing_date": null,
   "note": "no disclosure line on the record for this issuer in the window",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/HEID",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "SIX"
   },
   "isin": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "DE0006047004"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/LZ2C6E0W5W7LQMX5ZI37",
    "state": "sourced",
    "value": "DE"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE0006047004)",
    "state": "sourced",
    "value": "LZ2C6E0W5W7LQMX5ZI37"
   },
   "name": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "HEIDELBERG MATER"
   },
   "sector": {
    "market": "CH",
    "reason": "the SIX feed returns an empty ICB industry for this line",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "Corporate (foreign ISIN, SIX line)"
   },
   "segment": {
    "market": "CH",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "HEID"
   },
   "website": {
    "market": "CH",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "CH",
  "node": "ch-cm-kg",
  "numbers_hash": "sha256:ba3b8c69dc275b9e2883a4d7d4113749fded21ee84de88ae510b17b7a3666bcf",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Privatkundinnen und -kunden",
    "professionelle Kunden",
    "institutionelle Kunden"
   ],
   "outcomes": {
    "Privatkundinnen und -kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "institutionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ch-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ch-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ch/finsa-product-duties/r1",
   "section": "ch.aio.v8"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ch-cm-kg.ai/record/SIX/HEID",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:ba3b8c69dc275b9e2883a4d7d4113749fded21ee84de88ae510b17b7a3666bcf",
 "path": "/ch/SIX/HEID",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is HEIDELBERG MATER, listed on SIX under ticker HEID, with ISIN DE0006047004 and LEI LZ2C6E0W5W7LQMX5ZI37. The security type is Corporate (foreign ISIN, SIX line). Segment is not on the record. Sector is not on the record, as the SIX feed returns an empty ICB industry for this line. Jurisdiction is DE. Listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 0 filings in the window 2025-11-06 to 2026-11-06, on 0 filing days. The median gap between filing days is not on the record. The latest filing date is not on the record, and days from latest filing to record date are not on the record. The latest filing type is not on the record. The exchange peer median on SIX is 29.5 days of cadence gap, 0 filings and 14 days of latency, across 607 issuers. Sector peer figures are not on the record for CH.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location is not on the record. Auditor changes are not on the record, as no lifecycle type map exists for this register yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as no lifecycle type map exists for this register yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden, and it is determinable for each. The rule version is acm-68000/ch/finsa-product-duties/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 23 research houses: AlphaValue, Berenberg, Bloomberg, CIC Market Solutions, Citi Investment Research, Data Based Analysis, Davy Stockbrokers, Deutsche Bank, DZ BANK, Exane BNP Paribas, Goldman Sachs, Jefferies, Morgan Stanley, Morningstar, Oddo, On Field Investment, RBC Capital Markets, UBS, Goodbody, J.P. Morgan, Kepler Cheuvreux, Landesbank Baden-Württemberg and Metzler.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/LZ2C6E0W5W7LQMX5ZI37"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/HEID"
  },
  {
   "for": "the halt flag",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ch-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.heidelbergmaterials.com/en/investor-relations/shareholder-information/analyst-coverage"
  },
  {
   "for": "the record",
   "source": "https://mcp.ch-cm-kg.ai/record/SIX/HEID"
  }
 ],
 "title": "HEIDELBERG MATER (HEID) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}