Sika V3 Reported / Relationship-Standard Growth

Generated: 2026-07-23

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Company-only V3 scope: AS-led candidates passing the locked relationship contract are automatically approved. Macro, commodity/input-price, and text/commentary signals remain deferred. Historical qualification is recomputed at true same period; forecast timing is handled separately.

Sections
Executive SummarySecondary Overview: Reported / Relationship-Standard GrowthRun Metadata

Executive Summary Back to top

What This Pack Is For

Sika target growth is compared with pre-labelled peer, demand, channel/inventory, and upstream company baskets using the V3 AS-led approval universe.

Analysis

  • This secondary view uses the three validated V2 reported-growth target vectors and repaired local candidate series. It is not represented as Bloomberg USD-translated growth.
  • Each approved source is standardized independently before the equal-weight available-source composite is calculated.
  • A composite requires at least one active approved source. Single-source composites are shown and explicitly identified by their 1/1 breadth; they should be read as lower-confidence signals. Filled markers show full coverage; open markers show valid partial coverage; quarters with no active source are left blank.
  • Primary target and aggregate paths connect between observed points across missing spans for readability, but no observation marker is drawn and missing values remain excluded from scoring.
  • Absolute target growth remains in the card metadata; all visible time-series charts use z-scores so mixed units are never averaged directly.
  • Correlations validate the semantic driver stack; they do not establish causality.

Secondary Overview: Reported / Relationship-Standard Growth Back to top

Same-period z-score view. The left chart compares target momentum with the approved available-source composite; the right chart shows the same composite and the strongest bucket-diverse sources. The composite is the equal-weight mean of available approved sources and requires at least one active source. A 1/1 composite is displayed but is explicitly lower breadth than a multi-company signal. Filled markers denote full coverage and open markers denote valid partial coverage. A valid source composite remains visible inside the target-history window even when that target quarter is missing. Primary target and aggregate lines connect between observed points across missing spans without adding points or filling missing values; raw source diagnostics retain their actual gaps. Quarters with no active approved source remain blank. An isolated black diamond, when available, is the latest target NTM/LTM revenue consensus standardized against the displayed target history and positioned four quarters after the latest actual. Organic and quarterly-YoY targets label this explicitly as a revenue-consensus proxy. The marker is display-only and is excluded from scoring. Expand each source diagnostic to inspect every approved company and metric.

Construction Industry

sources n=8 / companies n=8Industry growth=3, Downstream demand=3, Channel / inventory=1, Upstream input=1minimum composite breadth 1/8active sources at latest target 8/8latest target actual -7.1%latest target z -2.1latest composite z -0.4 at 26 Q1partial-coverage observations 15target/composite overlap 36 quarters

Target zTarget zSame-period composite zSame-period composite z-2.5-1.3-0.11.12.315 Q217 Q319 Q321 Q423 Q426 Q1
Composite zComposite zHolcim · Net Sales | RevenueHolcimNet Sales | RevenueVulcan Materials · InventoriesVulcan MaterialsInventoriesLowes · ServicesLowesServicesBASF · is_capex_as_reportedBASFis_capex_as_reportedRockwool · Eastern EuropeRockwoolEastern Europe-3.2-1.40.42.13.917 Q219 Q120 Q422 Q424 Q326 Q2
Segment source diagnostics
target bucket company segment_or_metric universe field source_type corr_obs same_q_corr fdr_q_diagnostic fdr_above_10pct_reference
Construction Industry channel_inventory Lowes Services LOW UN EQUITY sales_rev_turn 25 -0.595216 0.005090 False
Construction Industry industry_growth Rockwool Eastern Europe ROCKB DC EQUITY sales_rev_turn 32 0.589846 0.001714 False
Construction Industry industry_growth Holcim Net Sales | Revenue HOLN SE EQUITY is_comp_sales 34 0.693964 0.000048 False
Construction Industry industry_growth Cemex Segment revenue: United States CEMEXCPO MF EQUITY sales_rev_turn 36 0.539466 0.002057 False
Construction Industry downstream_demand Martin Marietta Materials Segment revenue: West Group MLM UN EQUITY sales_rev_turn 36 0.518035 0.008480 False
Construction Industry upstream_input BASF Chemicals > Capital Expenditure BAS GY EQUITY is_capex_as_reported 32 0.513901 0.007875 False
Construction Industry downstream_demand Amazon As a % of Revenue AMZN UW EQUITY cap_expend_to_sales 32 -0.400637 0.080738 False
Construction Industry downstream_demand Vulcan Materials Inventories VMC UN EQUITY bs_inventories 36 0.562978 0.004913 False

Industrial Manufacturing

sources n=17 / companies n=17Industry growth=7, Downstream demand=6, Channel / inventory=1, Upstream input=3minimum composite breadth 1/17active sources at latest target 16/17latest target actual -3.9%latest target z -1.0latest composite z -0.4 at 26 Q1partial-coverage observations 14target/composite overlap 36 quarters

Target zTarget zSame-period composite zSame-period composite z-2.3-1.2-0.11.02.215 Q217 Q319 Q321 Q423 Q426 Q1
Composite zComposite zSaint-Gobain · Segment revenue: High Performance SolutionsSaint-GobainSegment revenue: High Per…Lennar · HomebuildingLennarHomebuildingHome Depot · As % of RevenueHome DepotAs % of RevenueLyondellBasell · Cost of SalesLyondellBasellCost of SalesRPM International · Cost of RevenueRPM InternationalCost of Revenue-3.1-1.40.21.83.517 Q219 Q120 Q422 Q424 Q326 Q2
Segment source diagnostics
target bucket company segment_or_metric universe field source_type corr_obs same_q_corr fdr_q_diagnostic fdr_above_10pct_reference
Industrial Manufacturing industry_growth Saint-Gobain Segment revenue: High Performance Solutions SGO FP EQUITY sales_rev_turn 28 0.728376 0.000061 False
Industrial Manufacturing upstream_input BASF Segment revenue: Performance Materials BAS GY EQUITY sales_rev_turn 29 0.457080 0.025350 False
Industrial Manufacturing industry_growth Rockwool Segment revenue: Western Europe ROCKB DC EQUITY sales_rev_turn 36 0.657530 0.000061 False
Industrial Manufacturing downstream_demand Nippon Paint Holdings Segment revenue: Paints & Coating Business 4612 JT EQUITY sales_rev_turn 27 0.539646 0.010279 False
Industrial Manufacturing downstream_demand Volkswagen Segment revenue: South America VOW3 GY EQUITY sales_rev_turn 36 0.438495 0.017431 False
Industrial Manufacturing channel_inventory Home Depot As % of Revenue HD UN EQUITY cap_expend_to_sales 31 0.444979 0.012131 False
Industrial Manufacturing upstream_input Dow Segment revenue: Asia Pacific DOW UN EQUITY sales_rev_turn 33 0.393903 0.031095 False
Industrial Manufacturing industry_growth Geberit International - Total Revenue GEBN SE EQUITY sales_rev_turn 30 0.358136 0.072781 False
Industrial Manufacturing industry_growth Heidelberg Materials Segment revenue: Electronic Component Parts for Equipment in Various Other Industries HEI UN EQUITY sales_rev_turn 25 0.679017 0.000665 False
Industrial Manufacturing industry_growth Cemex Segment revenue: South/Central America & Caribbean CEMEXCPO MF EQUITY sales_rev_turn 36 0.366882 0.043146 False
Industrial Manufacturing upstream_input LyondellBasell Cost of Sales LYB UN EQUITY is_cog_and_ss_gaap 36 0.558058 0.001621 False
Industrial Manufacturing industry_growth Holcim Net Sales | Revenue HOLN SE EQUITY is_comp_sales 34 0.535812 0.002183 False
Industrial Manufacturing industry_growth RPM International Cost of Revenue RPM UN EQUITY cb_is_cogs 36 0.686176 0.000054 False
Industrial Manufacturing downstream_demand Lennar Homebuilding LEN UN EQUITY sales_rev_turn 35 0.706640 0.000015 False
Industrial Manufacturing downstream_demand Toyota Motor Segment revenue: Asia 7203 JT EQUITY is_rev_including_interseg_rev 36 0.427360 0.018661 False
Industrial Manufacturing downstream_demand Amazon Amazon Web Services (AWS) AMZN UW EQUITY sales_rev_turn 36 0.586234 0.000602 False
Industrial Manufacturing downstream_demand Vulcan Materials Aggregates Volume | Total Volume > Aggregates VMC UN EQUITY shipment_volume 36 0.660760 0.000054 False

Group

sources n=5 / companies n=5Industry growth=2, Downstream demand=2, Upstream input=1minimum composite breadth 1/5active sources at latest target 5/5latest target actual -6.9%latest target z -2.3latest composite z -0.9 at 26 Q1partial-coverage observations 9target/composite overlap 35 quarters

Target zTarget zSame-period composite zSame-period composite z-2.8-1.4-0.11.32.612 Q215 Q117 Q420 Q323 Q226 Q1
Composite zComposite zRockwool · Segment revenue: Western EuropeRockwoolSegment revenue: Western…General Motors · number_of_vehicles_soldGeneral Motorsnumber_of_vehicles_soldLyondellBasell · Capital ExpendituresLyondellBasellCapital ExpendituresGeberit · Segment revenue: AmericaGeberitSegment revenue: AmericaNippon Paint Holdings · Segment revenue: Paints & Coating BusinessNippon Paint HoldingsSegment revenue: Paints &…-2.6-1.00.62.23.817 Q219 Q120 Q422 Q324 Q226 Q1
Segment source diagnostics
target bucket company segment_or_metric universe field source_type corr_obs same_q_corr fdr_q_diagnostic fdr_above_10pct_reference
Group upstream_input LyondellBasell Capital Expenditures LYB UN EQUITY headline_capex 31 0.614159 0.001189 False
Group industry_growth Rockwool Segment revenue: Western Europe ROCKB DC EQUITY sales_rev_turn 35 0.539709 0.004918 False
Group downstream_demand General Motors Vehicles Sold GM UN EQUITY number_of_vehicles_sold 35 -0.457980 0.062321 False
Group downstream_demand Nippon Paint Holdings Segment revenue: Paints & Coating Business 4612 JT EQUITY sales_rev_turn 26 0.411776 0.134219 True
Group industry_growth Geberit Segment revenue: America GEBN SE EQUITY sales_rev_turn 26 0.441335 0.072025 False

Run Metadata Back to top

Approval policyas_led_auto_approve_v3_repaired
Composite methodequal-weight mean of available individually standardized sources; minimum one active source; 1/1 composites shown as lower breadth
Coverage displayfilled markers for full coverage; open markers for valid partial coverage; valid composites retained through missing target quarters; primary lines connect between observed points without inserting observations or markers
Timingsame period; no lead shifting
Relationship rows30
Companies20