Analysts Lift Dangote Cement Price Target as Profit Margin Outlook Improves and Discount Rate Falls

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

12 Dec 24

Updated

09 Dec 25

Views

193

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

27.4%

7D

-0.8%

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1Y

27.4%

7D

-0.8%

You can edit this narrative until Dec 10 8:05 PM. Then, changes will post as Updates.

Author's Valuation

₦654.066.7% undervalued

AnalystConsensusTarget Fair Value

Shared on 09 Dec 25

DANGCEM: Lower Discount Rate Will Support Stable Margins And Earnings Outlook

Analysts have nudged their price target on Dangote Cement slightly higher to N654.06 per share from N654.06 per share, citing marginal improvements in the company’s long term discount rate assumptions and sustained expectations for robust revenue growth and stable profit margins. What's in the News Board meeting scheduled for October 27, 2025 to review and discuss the unaudited financial statements for the quarter ending September 30, 2025, along with other strategic matters (company disclosure) Valuation Changes Fair Value: Unchanged at NGN 654.06 per share, indicating no revision to the core valuation estimate.

Shared on 25 Nov 25

Fair value Increased 10%

DANGCEM: Higher Discount Rate Will Drive Upward Momentum For Shares

Analysts have raised their fair value estimate for Dangote Cement from ₦591.95 to ₦654.06. They cited marginal improvements in revenue growth projections and an updated discount rate as factors supporting the upward adjustment.

Shared on 05 Nov 25

DANGCEM: Profit Margin and Revenue Worries Signal Further Downside Ahead

Analysts have modestly reduced their price target for Dangote Cement to ₦591.95 per share, citing slightly lower revenue growth forecasts and profit margin expectations. What's in the News The board meeting is scheduled for October 27, 2025, to discuss various matters, including the unaudited financial statements for the quarter ending September 30, 2025 (Board Meeting notice).

Shared on 22 Oct 25

Fair value Increased 2.94%

Analysts have raised their price target for Dangote Cement from ₦575.05 to ₦591.95 per share, citing improved profit margin projections and a slightly lower discount rate as key factors behind the updated valuation. What's in the News An upcoming board meeting is scheduled for October 27, 2025.

Shared on 08 Oct 25

Fair value Increased 4.58%

Narrative Update on Dangote Cement: Analyst Price Target Revision Analysts have raised their fair value estimate for Dangote Cement from ₦549.85 to ₦575.05. This revision is due to minor adjustments to discount rate assumptions, while the outlook on revenue growth and profit margins remains stable.

Shared on 01 May 25

Fair value Decreased 0.77%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 2.63%

AnalystConsensusTarget has increased profit margin from 14.2% to 15.9% and decreased future PE multiple from 24.8x to 20.5x.

Shared on 02 Apr 25

Fair value Increased 4.95%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 0.36%

AnalystConsensusTarget has increased profit margin from 10.9% to 14.2% and decreased future PE multiple from 33.5x to 24.9x.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 0.58%

AnalystConsensusTarget has decreased revenue growth from 18.2% to 15.4% and decreased profit margin from 23.1% to 10.9%.

AnalystConsensusTarget Fair Value

₦654.06

6.7% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

14.72%

Basic Materials revenue growth rate

0.18%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

29.37%

Calculation

₦1.42t

Earnings '28

x

16.63x

PE Ratio '28

=

₦23.69t

Market Cap '28

₦23.69t

Market Cap '28

/

16.75b

No. shares '28

=

₦1.41k

Share Price '28

₦1.41k Share Price '28

Discounted to 2025 @ 29.31% p.a.

=

₦654.06

Fair Value '25