NATIONAL CEMENT COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.21 AED | -9.80% |
|
-9.80% | -7.92% |
| Apr. 26 | National Cement Resumes Trading on Dubai Bourse | MT |
| Apr. 25 | National Cement Co. to Halt Trading on Dubai Bourse | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 789.4 | 857.5 | 818.1 | 803.7 | 947.2 | 861.1 |
| Enterprise Value (EV) 1 | 1,051 | 1,007 | 905.2 | 786.9 | 1,013 | 827 |
| P/E ratio | -21.5 x | 11.6 x | -241 x | 16.4 x | -33 x | 13.8 x |
| Yield | 4.55% | 4.18% | - | 4.46% | - | 6.25% |
| Capitalization / Revenue | 3.49 x | 4.5 x | 4.47 x | 5.45 x | 6.91 x | 4.58 x |
| EV / Revenue | 4.64 x | 5.28 x | 4.94 x | 5.34 x | 7.4 x | 4.4 x |
| EV / EBITDA | -86.5 x | 135 x | -33.7 x | 171 x | -33.7 x | -26.6 x |
| EV / FCF | -26.8 x | 33.2 x | 29.2 x | -65.2 x | -13.3 x | -25.1 x |
| FCF Yield | -3.73% | 3.01% | 3.42% | -1.53% | -7.52% | -3.98% |
| Price to Book | 0.53 x | 0.6 x | 0.6 x | 0.47 x | 0.57 x | 0.43 x |
| Nbr of stocks (in thousands) | 358,800 | 358,800 | 358,800 | 358,800 | 358,800 | 358,800 |
| Reference price 2 | 2.200 | 2.390 | 2.280 | 2.240 | 2.640 | 2.400 |
| Announcement Date | 4/1/19 | 3/25/20 | 3/30/21 | 3/24/22 | 3/29/23 | 3/29/24 |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 226.3 | 190.8 | 183.1 | 147.5 | 137 | 187.9 |
| EBITDA 1 | -12.15 | 7.479 | -26.84 | 4.595 | -30.02 | -31.11 |
| EBIT 1 | -29.61 | -9.588 | -45.51 | -13.48 | -48.29 | -49.41 |
| Operating Margin | -13.08% | -5.03% | -24.86% | -9.14% | -35.25% | -26.29% |
| Earnings before Tax (EBT) 1 | -36.74 | 73.78 | -3.389 | 48.97 | -28.72 | 62.23 |
| Net income 1 | -36.74 | 73.78 | -3.389 | 48.97 | -28.72 | 62.23 |
| Net margin | -16.24% | 38.67% | -1.85% | 33.21% | -20.96% | 33.12% |
| EPS 2 | -0.1024 | 0.2056 | -0.009445 | 0.1365 | -0.0800 | 0.1734 |
| Free Cash Flow 1 | -39.23 | 30.35 | 30.98 | -12.07 | -76.17 | -32.95 |
| FCF margin | -17.33% | 15.91% | 16.92% | -8.18% | -55.6% | -17.54% |
| FCF Conversion (EBITDA) | - | 405.75% | - | - | - | - |
| FCF Conversion (Net income) | - | 41.13% | - | - | - | - |
| Dividend per Share 2 | 0.1000 | 0.1000 | - | 0.1000 | - | 0.1500 |
| Announcement Date | 4/1/19 | 3/25/20 | 3/30/21 | 3/24/22 | 3/29/23 | 3/29/24 |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 262 | 149 | 87.1 | - | 66.1 | - |
| Net Cash position 1 | - | - | - | 16.8 | - | 34.1 |
| Leverage (Debt/EBITDA) | -21.53 x | 19.99 x | -3.245 x | - | -2.201 x | - |
| Free Cash Flow 1 | -39.2 | 30.3 | 31 | -12.1 | -76.2 | -33 |
| ROE (net income / shareholders' equity) | -2.41% | 5.06% | -0.25% | 3.18% | -1.71% | 3.4% |
| ROA (Net income/ Total Assets) | -0.91% | -0.32% | -1.66% | -0.47% | -1.61% | -1.57% |
| Assets 1 | 4,039 | -23,035 | 204 | -10,340 | 1,784 | -3,954 |
| Book Value Per Share 2 | 4.190 | 3.980 | 3.780 | 4.790 | 4.590 | 5.620 |
| Cash Flow per Share 2 | 0.1600 | 0.0800 | 0.1200 | 0.2300 | 0.1200 | 0.1100 |
| Capex 1 | 12.7 | 4.3 | 1.86 | 1.24 | 4.82 | 3.31 |
| Capex / Sales | 5.59% | 2.25% | 1.02% | 0.84% | 3.52% | 1.76% |
| Announcement Date | 4/1/19 | 3/25/20 | 3/30/21 | 3/24/22 | 3/29/23 | 3/29/24 |
1AED in Million2AED
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -7.92% | 216M | |
| +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 |
- Stock Market
- Equities
- NCC Stock
- Financials National Cement Company
