QASSIM CEMENT COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 60 SAR | +0.17% |
|
+3.45% | -5.81% |
| Mar. 03 | Qassim Cement Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Jan. 04 | Saudi Arabian companies warn Aramco fuel price hike may curb earnings | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,949 | 7,290 | 6,813 | 5,499 | 5,733 | 5,391 | - | - |
| Enterprise Value (EV) 1 | 5,188 | 6,455 | 5,923 | 4,786 | 5,733 | 4,986 | 5,104 | 5,202 |
| P/E ratio | 16.5 x | 17.4 x | 23.1 x | 42.1 x | 40.3 x | 19.6 x | 19.7 x | 16.1 x |
| Yield | 5.22% | 5.49% | 4.62% | 3.6% | 4.08% | 4.51% | 5.51% | 5.59% |
| Capitalization / Revenue | 7.51 x | 8.11 x | 9.43 x | 8.11 x | 9.82 x | 7.1 x | 6.44 x | 5.96 x |
| EV / Revenue | 6.55 x | 7.18 x | 8.19 x | 7.05 x | 9.82 x | 6.57 x | 6.1 x | 5.75 x |
| EV / EBITDA | 11.5 x | 13 x | 17.8 x | 20.5 x | 31.9 x | 15.7 x | 14.9 x | 13.6 x |
| EV / FCF | 12 x | 13.2 x | 15 x | 443 x | - | 37.2 x | 30.4 x | 21.2 x |
| FCF Yield | 8.33% | 7.56% | 6.67% | 0.23% | - | 2.69% | 3.29% | 4.71% |
| Price to Book | 3.33 x | 4.03 x | 3.93 x | 3.3 x | - | 3.42 x | 3.42 x | 3.42 x |
| Nbr of stocks (in thousands) | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | - | - |
| Reference price 2 | 66.10 | 81.00 | 75.70 | 61.10 | 63.70 | 59.90 | 59.90 | 59.90 |
| Announcement Date | 2/5/20 | 2/4/21 | 2/9/22 | 2/23/23 | 3/3/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 791.8 | 898.4 | 722.8 | 678.5 | 583.6 | 759 | 837 | 904.5 |
| EBITDA 1 | 452.4 | 497.1 | 332.8 | 233.5 | 179.6 | 318.5 | 343.5 | 382.5 |
| EBIT 1 | 380 | 422.3 | 259.8 | 161.2 | - | 256.5 | 279.5 | 316.5 |
| Operating Margin | 47.99% | 47% | 35.94% | 23.75% | - | 33.79% | 33.39% | 34.99% |
| Earnings before Tax (EBT) 1 | 385.3 | 449.5 | 325.4 | 155.1 | - | 277 | 350 | 407 |
| Net income 1 | 360.7 | 419.8 | 295.3 | 130.5 | 142 | 260.5 | 291.5 | 335 |
| Net margin | 45.56% | 46.73% | 40.85% | 19.24% | 24.33% | 34.32% | 34.83% | 37.04% |
| EPS 2 | 4.010 | 4.660 | 3.280 | 1.450 | 1.580 | 3.057 | 3.047 | 3.720 |
| Free Cash Flow 1 | 432.2 | 487.7 | 394.8 | 10.8 | - | 134 | 168 | 245 |
| FCF margin | 54.59% | 54.28% | 54.62% | 1.59% | - | 17.65% | 20.07% | 27.09% |
| FCF Conversion (EBITDA) | 95.55% | 98.11% | 118.63% | 4.62% | - | 42.07% | 48.91% | 64.05% |
| FCF Conversion (Net income) | 119.82% | 116.16% | 133.7% | 8.27% | - | 51.44% | 57.63% | 73.13% |
| Dividend per Share 2 | 3.450 | 4.450 | 3.500 | 2.200 | 2.600 | 2.700 | 3.300 | 3.350 |
| Announcement Date | 2/5/20 | 2/4/21 | 2/9/22 | 2/23/23 | 3/3/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 170.3 | 131.3 | 142.5 | 152.1 | 166.8 | 217.1 | 174.1 | 137.2 | 120.8 | 151.5 | 192.3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 59.7 | 4.417 | 17.79 | 37.01 | 34.04 | 60.85 | 49.08 | - | 10.08 | 32.75 | 38.7 |
| Operating Margin | 35.05% | 3.36% | 12.49% | 24.33% | 20.41% | 28.03% | 28.19% | - | 8.34% | 21.62% | 20.12% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 60.39 | 33.83 | 25.08 | - | - | - | 54.94 | 38.1 | 8.046 | 40.89 | 61.27 |
| Net margin | 35.46% | 25.76% | 17.6% | - | - | - | 31.56% | 27.77% | 6.66% | 27% | 31.85% |
| EPS 2 | 0.6700 | 0.3800 | - | - | - | - | 0.6100 | 0.4200 | 0.0900 | 0.4600 | 0.9700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/21 | 2/9/22 | 5/11/22 | 8/16/22 | 11/10/22 | 2/23/23 | 5/10/23 | 8/14/23 | 11/14/23 | 3/3/24 | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 761 | 835 | 890 | 713 | - | 405 | 287 | 189 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 432 | 488 | 395 | 10.8 | - | 134 | 168 | 245 |
| ROE (net income / shareholders' equity) | 21.1% | 23.4% | 16.7% | 7.68% | 8.75% | 16.3% | 18.1% | 20.5% |
| ROA (Net income/ Total Assets) | - | 20.1% | - | - | - | - | - | - |
| Assets 1 | - | 2,086 | - | - | - | - | - | - |
| Book Value Per Share 2 | 19.80 | 20.10 | 19.30 | 18.50 | - | 17.50 | 17.50 | 17.50 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 18.6 | 16.8 | 27.3 | 82.1 | - | 144 | 146 | 147 |
| Capex / Sales | 2.36% | 1.87% | 3.78% | 12.1% | - | 18.91% | 17.38% | 16.25% |
| Announcement Date | 2/5/20 | 2/4/21 | 2/9/22 | 2/23/23 | 3/3/24 | - | - | - |
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
D-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
59.9
SAR
Average target price
55.8
SAR
Spread / Average Target
-6.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.81% | 1.44B | |
| +19.75% | 48.59B | |
| +8.09% | 16.48B | |
| -3.26% | 15.81B | |
| -9.89% | 11.24B | |
| +32.47% | 9.26B | |
| -4.30% | 7.76B | |
| +40.96% | 7.76B | |
| -5.24% | 7.58B | |
| +105.28% | 7.34B |
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