YAMAMA SAUDI CEMENT COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.4 SAR | +0.62% |
|
-3.28% | -5.12% |
| Apr. 26 | Yamama Cement Forecasts Higher Production Costs Amid Saudi Aramco's Fuel Product Price Adjustments | MT |
| Apr. 02 | Yamama Cement Names Chair, Vice Chair | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,245 | 5,984 | 5,265 | 5,468 | 6,915 | 6,561 | - | - |
| Enterprise Value (EV) 1 | 6,822 | 7,186 | 6,340 | 6,275 | 8,079 | 7,699 | 7,850 | 6,561 |
| P/E ratio | 20.4 x | 16.5 x | 32.5 x | 15.3 x | 22.8 x | 17.1 x | 17.1 x | 16.2 x |
| Yield | - | 1.69% | - | - | 2.93% | 3.09% | 4.08% | 3.55% |
| Capitalization / Revenue | 6.54 x | 6.8 x | 7.16 x | 5.35 x | 7.39 x | 5.91 x | 5.55 x | 5.28 x |
| EV / Revenue | 8.51 x | 8.17 x | 8.62 x | 6.14 x | 8.64 x | 6.93 x | 6.64 x | 5.28 x |
| EV / EBITDA | 14.1 x | 21.4 x | 36.8 x | 17 x | 18.4 x | 11.8 x | 12 x | 9.23 x |
| EV / FCF | -83.3 x | 26.6 x | 40.8 x | 25.3 x | -41.6 x | 55 x | 36.3 x | 19.8 x |
| FCF Yield | -1.2% | 3.76% | 2.45% | 3.95% | -2.41% | 1.82% | 2.75% | 5.04% |
| Price to Book | 1.44 x | 1.54 x | 1.23 x | 1.18 x | 1.46 x | 1.36 x | 1.36 x | 1.33 x |
| Nbr of stocks (in thousands) | 202,500 | 202,500 | 202,500 | 202,500 | 202,500 | 202,500 | - | - |
| Reference price 2 | 25.90 | 29.55 | 26.00 | 27.00 | 34.15 | 32.40 | 32.40 | 32.40 |
| Announcement Date | 2/13/20 | 2/14/21 | 2/20/22 | 2/2/23 | 2/19/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 801.9 | 879.9 | 735.8 | 1,023 | 935.2 | 1,110 | 1,183 | 1,242 |
| EBITDA 1 | 482.5 | 336.1 | 172.1 | 368.7 | 438.8 | 655 | 655.5 | 711 |
| EBIT 1 | 286.3 | 328.9 | 163.8 | 333.1 | 263.6 | 380.3 | 427.3 | 448.5 |
| Operating Margin | 35.71% | 37.37% | 22.26% | 32.57% | 28.18% | 34.25% | 36.13% | 36.11% |
| Earnings before Tax (EBT) 1 | 286.3 | 376.3 | 179.1 | 377.8 | 316.3 | 305 | 407 | - |
| Net income 1 | 256.3 | 363.3 | 160.6 | 355.8 | 304.3 | 341 | 383.3 | 408.5 |
| Net margin | 31.97% | 41.29% | 21.83% | 34.79% | 32.53% | 30.71% | 32.41% | 32.89% |
| EPS 2 | 1.270 | 1.790 | 0.8000 | 1.760 | 1.500 | 1.890 | 1.897 | 2.000 |
| Free Cash Flow 1 | -81.9 | 270.2 | 155.2 | 247.8 | -194.3 | 140 | 216 | 331 |
| FCF margin | -10.21% | 30.7% | 21.09% | 24.23% | -20.78% | 12.61% | 18.26% | 26.65% |
| FCF Conversion (EBITDA) | - | 80.38% | 90.18% | 67.21% | - | 21.37% | 32.95% | 46.55% |
| FCF Conversion (Net income) | - | 74.37% | 96.65% | 69.65% | - | 41.06% | 56.35% | 81.03% |
| Dividend per Share 2 | - | 0.5000 | - | - | 1.000 | 1.000 | 1.322 | 1.150 |
| Announcement Date | 2/13/20 | 2/14/21 | 2/20/22 | 2/2/23 | 2/19/24 | - | - | - |
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 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 170.7 | 182.3 | 221.6 | 209.3 | 253.4 | 338.4 | 283.2 | 218.9 | - | 211.7 | 224.5 | 257.7 |
| EBITDA | 42.4 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -14.24 | 23.31 | 81.06 | 96.58 | 132.2 | 117.1 | - | - | 20.8 | 58.28 | 88.3 |
| Operating Margin | - | -7.81% | 10.52% | 38.73% | 38.12% | 39.06% | 41.35% | - | - | 9.82% | 25.95% | 34.27% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 39.97 | -11.93 | 29.62 | 90.7 | 101.3 | 134.2 | 112.4 | 98.31 | 210.7 | 40.78 | 52.76 | 64.3 |
| Net margin | 23.42% | -6.54% | 13.37% | 43.34% | 39.99% | 39.64% | 39.7% | 44.9% | - | 19.26% | 23.5% | 24.95% |
| EPS | 0.2000 | -0.0500 | - | - | 0.5000 | 0.6700 | 0.5600 | 0.4900 | - | 0.2000 | 0.2600 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 2/20/22 | 4/21/22 | 7/26/22 | 10/24/22 | 2/2/23 | 5/9/23 | 8/8/23 | 8/8/23 | 10/23/23 | 2/19/24 | - |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,577 | 1,202 | 1,075 | 808 | 1,164 | 1,138 | 1,289 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.269 x | 3.577 x | 6.243 x | 2.19 x | 2.652 x | 1.737 x | 1.966 x | - |
| Free Cash Flow 1 | -81.9 | 270 | 155 | 248 | -194 | 140 | 216 | 331 |
| ROE (net income / shareholders' equity) | 7.31% | 9.65% | 3.91% | 7.97% | 6.48% | 7.13% | 7.83% | 7.85% |
| ROA (Net income/ Total Assets) | - | 6.54% | - | - | 4.74% | 4.2% | 4.1% | 4.6% |
| Assets 1 | - | 5,555 | - | - | 6,417 | 8,119 | 9,350 | 8,880 |
| Book Value Per Share 2 | 18.00 | 19.20 | 21.20 | 23.00 | 23.40 | 23.80 | 23.80 | 24.40 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 466 | 397 | 314 | 270 | 281 | 271 | 274 | 310 |
| Capex / Sales | 58.07% | 45.08% | 42.72% | 26.45% | 30.05% | 24.4% | 23.17% | 24.96% |
| Announcement Date | 2/13/20 | 2/14/21 | 2/20/22 | 2/2/23 | 2/19/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
32.4
SAR
Average target price
37.3
SAR
Spread / Average Target
+15.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.12% | 1.75B | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B | |
| +14.55% | 5.7B |
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