GULF CEMENT COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.395 AED | +1.54% |
|
-1.25% | -14.13% |
| Apr. 19 | Gulf Cement Co. Resumes Trading on Abu Dhabi Bourse | MT |
| Apr. 18 | Gulf Cement Co. to Pause Trading on Abu Dhabi Bourse Amid Annual General Meeting | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 640.9 | 492.4 | 344.5 | 287.4 | 213.5 | 188.9 |
| Enterprise Value (EV) 1 | 588.2 | 493.7 | 354.5 | 272.5 | 251 | 232.8 |
| P/E ratio | -19.4 x | -18.4 x | -1.26 x | -5.42 x | -3.92 x | -3.66 x |
| Yield | 6.4% | - | 5.96% | - | - | - |
| Capitalization / Revenue | 1.35 x | 1.11 x | 1 x | 0.84 x | 0.61 x | 0.41 x |
| EV / Revenue | 1.24 x | 1.11 x | 1.02 x | 0.8 x | 0.72 x | 0.5 x |
| EV / EBITDA | 60.6 x | 11.9 x | -10.1 x | -10 x | 138 x | 25.5 x |
| EV / FCF | 5.23 x | -20.5 x | 17.3 x | 4.92 x | -3.06 x | 22.7 x |
| FCF Yield | 19.1% | -4.88% | 5.77% | 20.3% | -32.7% | 4.41% |
| Price to Book | 0.61 x | 0.5 x | 0.48 x | 0.45 x | 0.36 x | 0.34 x |
| Nbr of stocks (in thousands) | 410,298 | 410,298 | 410,548 | 410,548 | 410,548 | 410,548 |
| Reference price 2 | 1.562 | 1.200 | 0.8390 | 0.7000 | 0.5200 | 0.4600 |
| Announcement Date | 2/27/19 | 2/13/20 | 2/10/21 | 2/14/22 | 2/13/23 | 2/13/24 |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 475.7 | 443.6 | 345.9 | 340.6 | 348.1 | 462.7 |
| EBITDA 1 | 9.708 | 41.53 | -35.25 | -27.21 | 1.823 | 9.131 |
| EBIT 1 | -49.16 | -31.85 | -96.01 | -72.16 | -53.26 | -51.13 |
| Operating Margin | -10.33% | -7.18% | -27.76% | -21.18% | -15.3% | -11.05% |
| Earnings before Tax (EBT) 1 | -32.99 | -26.8 | -273.5 | -52.99 | -54.4 | -51.59 |
| Net income 1 | -32.99 | -26.8 | -273.5 | -52.99 | -54.4 | -51.59 |
| Net margin | -6.94% | -6.04% | -79.06% | -15.56% | -15.63% | -11.15% |
| EPS 2 | -0.0804 | -0.0653 | -0.6661 | -0.1291 | -0.1325 | -0.1257 |
| Free Cash Flow 1 | 112.4 | -24.09 | 20.45 | 55.37 | -82.15 | 10.27 |
| FCF margin | 23.63% | -5.43% | 5.91% | 16.26% | -23.6% | 2.22% |
| FCF Conversion (EBITDA) | 1,157.9% | - | - | - | - | 112.47% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1000 | - | 0.0500 | - | - | - |
| Announcement Date | 2/27/19 | 2/13/20 | 2/10/21 | 2/14/22 | 2/13/23 | 2/13/24 |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1.36 | 10 | - | 37.5 | 44 |
| Net Cash position 1 | 52.7 | - | - | 14.9 | - | - |
| Leverage (Debt/EBITDA) | - | 0.0327 x | -0.2848 x | - | 20.56 x | 4.818 x |
| Free Cash Flow 1 | 112 | -24.1 | 20.5 | 55.4 | -82.2 | 10.3 |
| ROE (net income / shareholders' equity) | -3.02% | -2.65% | -32.3% | -7.82% | -8.76% | -8.98% |
| ROA (Net income/ Total Assets) | -2.41% | -1.61% | -5.6% | -5.01% | -3.88% | -3.8% |
| Assets 1 | 1,369 | 1,664 | 4,884 | 1,058 | 1,403 | 1,356 |
| Book Value Per Share 2 | 2.540 | 2.390 | 1.740 | 1.560 | 1.460 | 1.340 |
| Cash Flow per Share 2 | 0.0600 | 0.0200 | 0.0200 | 0.0200 | 0.0100 | 0 |
| Capex 1 | 9.23 | 30 | 25.9 | 35.7 | 55.3 | 35.4 |
| Capex / Sales | 1.94% | 6.77% | 7.49% | 10.49% | 15.9% | 7.65% |
| Announcement Date | 2/27/19 | 2/13/20 | 2/10/21 | 2/14/22 | 2/13/23 | 2/13/24 |
1AED in Million2AED
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -14.13% | 44.15M | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -1.00% | 15.46B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B |
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