NORTHERN REGION CEMENT COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.86 SAR | +0.61% |
|
+2.07% | -6.45% |
| Mar. 30 | Northern Region Cement Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 21 | Northern Region Cement Co Logs Lower FY23 Profit; Revenue Up | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,501 | 2,131 | 2,189 | 2,416 | 1,940 | 1,897 |
| Enterprise Value (EV) 1 | 2,446 | 2,930 | 2,963 | 3,221 | 2,802 | 2,811 |
| P/E ratio | 117 x | 23.1 x | 20.3 x | 22.8 x | 17.3 x | 33.7 x |
| Yield | - | - | 4.11% | 3.73% | 4.64% | 4.74% |
| Capitalization / Revenue | 3.82 x | 3.16 x | 3.36 x | 4.3 x | 3.14 x | 2.75 x |
| EV / Revenue | 6.23 x | 4.35 x | 4.55 x | 5.73 x | 4.53 x | 4.08 x |
| EV / EBITDA | 20.5 x | 14.6 x | 15.1 x | 16.3 x | 13.8 x | 14 x |
| EV / FCF | -3,502 x | 22.9 x | 33.6 x | -520 x | -4,585 x | -161 x |
| FCF Yield | -0.03% | 4.37% | 2.97% | -0.19% | -0.02% | -0.62% |
| Price to Book | 0.73 x | 0.99 x | 0.99 x | 1.09 x | 0.87 x | 0.85 x |
| Nbr of stocks (in thousands) | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 |
| Reference price 2 | 8.340 | 11.84 | 12.16 | 13.42 | 10.78 | 10.54 |
| Announcement Date | 3/20/19 | 3/17/20 | 3/15/21 | 3/31/22 | 3/23/23 | 3/30/24 |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 392.5 | 673.4 | 651.5 | 561.9 | 618 | 689.6 |
| EBITDA 1 | 119.1 | 200.6 | 196.7 | 197.3 | 203.8 | 200.1 |
| EBIT 1 | 53.62 | 126.3 | 126.6 | 120.5 | 131.3 | 126.7 |
| Operating Margin | 13.66% | 18.75% | 19.43% | 21.45% | 21.25% | 18.37% |
| Earnings before Tax (EBT) 1 | 19.09 | 105 | 125.8 | 136.1 | 141.9 | 114 |
| Net income 1 | 12.85 | 92.27 | 107.6 | 106.1 | 112 | 56.26 |
| Net margin | 3.27% | 13.7% | 16.52% | 18.88% | 18.13% | 8.16% |
| EPS 2 | 0.0714 | 0.5126 | 0.5979 | 0.5892 | 0.6224 | 0.3126 |
| Free Cash Flow 1 | -0.6986 | 127.9 | 88.07 | -6.194 | -0.6112 | -17.45 |
| FCF margin | -0.18% | 19% | 13.52% | -1.1% | -0.1% | -2.53% |
| FCF Conversion (EBITDA) | - | 63.77% | 44.76% | - | - | - |
| FCF Conversion (Net income) | - | 138.66% | 81.83% | - | - | - |
| Dividend per Share | - | - | 0.5000 | 0.5000 | 0.5000 | 0.5000 |
| Announcement Date | 3/20/19 | 3/17/20 | 3/15/21 | 3/31/22 | 3/23/23 | 3/30/24 |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 |
|---|---|---|
| Net sales 1 | - | 185 |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income | 27.56 | - |
| Net margin | - | - |
| EPS | 0.1500 | - |
| Dividend per Share | - | - |
| Announcement Date | 11/7/22 | 3/23/23 |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 945 | 799 | 774 | 806 | 862 | 914 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.931 x | 3.981 x | 3.936 x | 4.082 x | 4.228 x | 4.566 x |
| Free Cash Flow 1 | -0.7 | 128 | 88.1 | -6.19 | -0.61 | -17.4 |
| ROE (net income / shareholders' equity) | 0.64% | 4.41% | 4.96% | 4.82% | 5.06% | 2.52% |
| ROA (Net income/ Total Assets) | 1.06% | 2.46% | 2.46% | 2.33% | 2.46% | 2.28% |
| Assets 1 | 1,208 | 3,747 | 4,374 | 4,560 | 4,556 | 2,462 |
| Book Value Per Share 2 | 11.40 | 11.90 | 12.30 | 12.30 | 12.40 | 12.40 |
| Cash Flow per Share 2 | 0.1400 | 0.6500 | 0.1500 | 0.1000 | 0.1000 | 0.2400 |
| Capex 1 | 66.9 | 37.1 | 135 | 123 | 111 | 168 |
| Capex / Sales | 17.03% | 5.51% | 20.79% | 21.87% | 17.9% | 24.31% |
| Announcement Date | 3/20/19 | 3/17/20 | 3/15/21 | 3/31/22 | 3/23/23 | 3/30/24 |
1SAR in Million2SAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
SELL
Number of Analysts
1
Last Close Price
9.86
SAR
Average target price
10
SAR
Spread / Average Target
+1.42%
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.45% | 473M | |
| +18.45% | 48.57B | |
| +4.32% | 15.76B | |
| -5.15% | 15.37B | |
| -10.14% | 11.14B | |
| +28.73% | 9B | |
| +105.28% | 7.97B | |
| -3.59% | 7.71B | |
| -7.03% | 7.56B | |
| +24.84% | 6.86B |
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