RIYADH CEMENT COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.2 SAR | -0.18% |
|
-4.56% | -20.47% |
| Apr. 25 | Riyadh Cement Co. Sets Distribution Date for H2 2023 Dividend Payout | MT |
| Mar. 25 | Riyadh Cement Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,744 | 3,960 | 3,816 | 4,104 | 3,264 | - | - |
| Enterprise Value (EV) 1 | 3,744 | 3,960 | 3,816 | 4,104 | 3,264 | 3,264 | 3,264 |
| P/E ratio | 17 x | 18.8 x | 20.1 x | 21.8 x | 13.6 x | 17 x | 16 x |
| Yield | 5.61% | 5.3% | 4.72% | 4.53% | 5.51% | 6.99% | 5.51% |
| Capitalization / Revenue | 6.34 x | 5.9 x | 6.38 x | 6.38 x | 4.61 x | 4.6 x | 4.29 x |
| EV / Revenue | 6.34 x | 5.9 x | 6.38 x | 6.38 x | 4.61 x | 4.6 x | 4.29 x |
| EV / EBITDA | 11.4 x | 12.4 x | 12.8 x | 13.3 x | 9.69 x | - | - |
| EV / FCF | 14,865,519 x | - | 15,295,514 x | - | - | - | - |
| FCF Yield | 0% | - | 0% | - | - | - | - |
| Price to Book | 2.17 x | - | - | - | 1.94 x | 1.93 x | 1.9 x |
| Nbr of stocks (in thousands) | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | - | - |
| Reference price 2 | 31.20 | 33.00 | 31.80 | 34.20 | 27.20 | 27.20 | 27.20 |
| Announcement Date | 3/27/21 | 3/31/22 | 3/23/23 | 3/18/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 590.3 | 671.1 | 598 | 643.4 | 708 | 710.2 | 760 |
| EBITDA 1 | 329.1 | 318.8 | 298.3 | 307.7 | 337 | - | - |
| EBIT 1 | 226.9 | - | 201.9 | - | 185 | 207 | 221 |
| Operating Margin | 38.44% | - | 33.77% | - | 26.13% | 29.15% | 29.08% |
| Earnings before Tax (EBT) | 225.8 | - | - | - | - | - | - |
| Net income 1 | 220 | 211.6 | 189.8 | 188.8 | 175 | 234 | 209 |
| Net margin | 37.26% | 31.54% | 31.75% | 29.34% | 24.72% | 32.95% | 27.5% |
| EPS 2 | 1.830 | 1.760 | 1.580 | 1.570 | 1.993 | 1.600 | 1.700 |
| Free Cash Flow | 251.9 | - | 249.5 | - | - | - | - |
| FCF margin | 42.67% | - | 41.72% | - | - | - | - |
| FCF Conversion (EBITDA) | 76.52% | - | 83.63% | - | - | - | - |
| FCF Conversion (Net income) | 114.51% | - | 131.42% | - | - | - | - |
| Dividend per Share 2 | 1.750 | 1.750 | 1.500 | 1.550 | 1.500 | 1.900 | 1.500 |
| Announcement Date | 3/27/21 | 3/31/22 | 3/23/23 | 3/18/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2024 Q1 |
|---|---|---|---|---|---|---|
| Net sales 1 | 291.4 | 401.4 | 269.6 | 258.6 | 339.4 | 181.5 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | 111.3 | 48.6 |
| Operating Margin | - | - | - | - | 32.78% | 26.78% |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 98.63 | 160.4 | 51.26 | 85.07 | 104.8 | 63.5 |
| Net margin | 33.84% | 39.95% | 19.01% | 32.89% | 30.87% | 34.99% |
| EPS 2 | 0.8200 | - | - | - | - | 0.6800 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/27/21 | 9/13/21 | 3/31/22 | 9/8/22 | 3/23/23 | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | 252 | - | 249 | - | - | - | - |
| ROE (net income / shareholders' equity) | 12.7% | 12.6% | 11.4% | 11.3% | 10.5% | 13.8% | 12.2% |
| ROA (Net income/ Total Assets) | 11.5% | - | - | 10.1% | 9.5% | 12.5% | 11.1% |
| Assets 1 | 1,920 | - | - | 1,865 | 1,842 | 1,880 | 1,883 |
| Book Value Per Share 2 | 14.40 | - | - | - | 14.00 | 14.10 | 14.30 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | 42.6 | - | 48.5 | - | - | - | - |
| Capex / Sales | 7.22% | - | 8.1% | - | - | - | - |
| Announcement Date | 3/27/21 | 3/31/22 | 3/23/23 | 3/18/24 | - | - | - |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
27.2
SAR
Average target price
33.9
SAR
Spread / Average Target
+24.63%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -20.47% | 870M | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B | |
| +14.55% | 5.7B |
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