Financials Qatar National Cement Company (Q.P.S.C.)

Equities

QNCD

QA0007227687

Construction Materials

End-of-day quote Qatar Exchange 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
3.571 QAR -0.61% Intraday chart for Qatar National Cement Company (Q.P.S.C.) -0.39% -9.53%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,888 3,692 2,712 3,333 3,163 2,579
Enterprise Value (EV) 1 3,553 3,573 2,417 2,634 2,376 1,911
P/E ratio 11.2 x 21.4 x 18.3 x 15 x 13.9 x 12.7 x
Yield 8.4% 5.31% 4.82% 5.88% 6.2% 7.6%
Capitalization / Revenue 4.58 x 5.25 x 4.11 x 4.04 x 4.46 x 5.6 x
EV / Revenue 4.19 x 5.08 x 3.66 x 3.2 x 3.35 x 4.15 x
EV / EBITDA 7.67 x 11 x 8.92 x 7.68 x 7.94 x 7.92 x
EV / FCF 71.9 x -5,019 x 8.65 x 5.84 x 10.5 x 209 x
FCF Yield 1.39% -0.02% 11.6% 17.1% 9.5% 0.48%
Price to Book 1.22 x 1.2 x 0.89 x 1.09 x 1.03 x 0.83 x
Nbr of stocks (in thousands) 653,529 653,529 653,529 653,529 653,529 653,529
Reference price 2 5.950 5.650 4.150 5.100 4.840 3.947
Announcement Date 1/24/19 1/27/20 1/28/21 2/1/22 1/28/23 1/23/24
1QAR in Million2QAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 848.2 703 659.6 824.4 708.8 460.8
EBITDA 1 463 323.5 270.8 343 299.1 241.3
EBIT 1 307.4 148.2 124.5 228 185.9 128.8
Operating Margin 36.25% 21.08% 18.87% 27.65% 26.22% 27.95%
Earnings before Tax (EBT) 1 347.8 172.2 148.5 224.5 227.1 205.1
Net income 1 347.8 172.2 148.5 224.5 227.1 205.1
Net margin 41.01% 24.49% 22.51% 27.24% 32.04% 44.51%
EPS 2 0.5322 0.2634 0.2272 0.3400 0.3475 0.3100
Free Cash Flow 1 49.39 -0.7119 279.4 451.1 225.7 9.156
FCF margin 5.82% -0.1% 42.35% 54.72% 31.85% 1.99%
FCF Conversion (EBITDA) 10.67% - 103.15% 131.53% 75.48% 3.79%
FCF Conversion (Net income) 14.2% - 188.19% 200.9% 99.4% 4.46%
Dividend per Share 2 0.5000 0.3000 0.2000 0.3000 0.3000 0.3000
Announcement Date 1/24/19 1/27/20 1/28/21 2/1/22 1/28/23 1/23/24
1QAR in Million2QAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 335 120 295 699 787 669
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 49.4 -0.71 279 451 226 9.16
ROE (net income / shareholders' equity) 11% 5.48% 4.84% 7.46% 7.41% 6.65%
ROA (Net income/ Total Assets) 5.01% 2.55% 2.28% 4.21% 3.35% 2.34%
Assets 1 6,944 6,757 6,499 5,332 6,770 8,762
Book Value Per Share 2 4.890 4.720 4.660 4.670 4.710 4.730
Cash Flow per Share 2 0.9300 0.3200 0.4500 1.070 0.7500 0.6200
Capex 1 92.8 31.4 13.3 3.85 6.72 15.6
Capex / Sales 10.94% 4.47% 2.02% 0.47% 0.95% 3.38%
Announcement Date 1/24/19 1/27/20 1/28/21 2/1/22 1/28/23 1/23/24
1QAR in Million2QAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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