Declared Dividend • Jun 05
Final dividend increased to €0.23 Dividend of €0.23 is 28% higher than last year. Ex-date: 10th June 2026 Payment date: 7th July 2026 Dividend yield will be 7.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 30
Vassiliko Cement Works Public Company Ltd Approves Dividend for 2025, Payable on 7 July 2026 Vassiliko Cement Works Public Company Ltd. AGM held on 28 May 2026, the following resolution was approved: The payment of a dividend amounting to EUR 16.545.267,81 corresponding to EUR 0,23 per ordinary share, comprising €0,22 out of the profits of the year 2025 and EUR 0,01 out of the profits of 2024 included in Retained Earnings, was approved. The dividend will be paid to the entitled shareholders of the Company that will be registered at the CSE registry on the 11 June 2026 (record date). The shares of the Company will be traded in the CSE without the right to the dividend (ex-dividend) as from 10 June 2026. Investors that will purchase shares at the CSE by close of business on 9 June 2026 (Last Cum Date) will be entitled to the dividend. It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date. Payment of the dividend will be made (effected) by the 7 July 2026. Reported Earnings • Apr 27
Full year 2025 earnings released: EPS: €0.49 (vs €0.36 in FY 2024) Full year 2025 results: EPS: €0.49 (up from €0.36 in FY 2024). Revenue: €152.8m (up 9.1% from FY 2024). Net income: €35.5m (up 37% from FY 2024). Profit margin: 23% (up from 19% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Annonce • Apr 25
Vassiliko Cement Works Public Company Ltd, Annual General Meeting, May 28, 2026 Vassiliko Cement Works Public Company Ltd, Annual General Meeting, May 28, 2026, at 17:00 GTB Standard Time. Location: plant offices of the company, vassiliko Cyprus Annonce • Apr 09
Vassiliko Cement Works Public Company Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Vassiliko Cement Works Public Company Ltd announced that they will report fiscal year 2025 results at 10:30 AM, GTB Standard Time on Apr 24, 2026 New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Sep 29
First half dividend increased to €0.15 Dividend of €0.15 is 25% higher than last year. Ex-date: 8th October 2025 Payment date: 4th November 2025 Dividend yield will be 7.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 29
First half 2025 earnings released: EPS: €0.27 (vs €0.16 in 1H 2024) First half 2025 results: EPS: €0.27 (up from €0.16 in 1H 2024). Revenue: €78.8m (up 14% from 1H 2024). Net income: €19.5m (up 68% from 1H 2024). Profit margin: 25% (up from 17% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annonce • Jul 17
Vassiliko Cement Works Public Company Ltd to Report First Half, 2025 Results on Jul 24, 2025 Vassiliko Cement Works Public Company Ltd announced that they will report first half, 2025 results on Jul 24, 2025 Upcoming Dividend • Jun 10
Upcoming dividend of €0.18 per share Eligible shareholders must have bought the stock before 17 June 2025. Payment date: 15 July 2025. Payout ratio and cash payout ratio are on the higher end at 83% and 80% respectively. Trailing yield: 7.2%. Within top quartile of Cypriot dividend payers (5.7%). Higher than average of industry peers (2.6%). Annonce • Jun 06
Vassiliko Cement Works Public Company Ltd Approves Dividend, Payable on 15 July 2025 Vassiliko Cement Works Public Company Ltd. at its Annual General Meeting of the shareholders held on June 5, 2024 approved a total dividend payment of EUR 0.18 per share, EUR 0.06 out of the profits of the year 2023 and EUR 0.12 out of the profits of 2024 included in Retained Earnings. The dividend will be paid to the entitled shareholders of the Company that will be registered at the CSE registry on the 18 June 2025 (record date). The shares of the Company will be traded in the CSE without the right to the dividend (ex-dividend) as from 17 June 2025. Investors that will purchase shares at the CSE by close of business on 16 June 2025 (Last Cum Date) will be entitled to the dividend. It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date. Payment of the dividend will be made (effected) by the 15 July 2025. Annonce • May 14
Vassiliko Cement Works Public Company Ltd Proposes Dividend for the Year 2024 Vassiliko Cement Works Public Company Ltd. at its Annual General Meeting of the shareholders to be held on June 5, 2024 proposed a total dividend payment of EUR 0.18 per share, EUR 0.06 out of the profits of the year 2023 and EUR 0.12 out of the profits of 2024 included in Retained Earnings. New Risk • May 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Cypriot stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.48, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 16x in the Basic Materials industry in Asia. Total returns to shareholders of 102% over the past three years. Reported Earnings • Apr 20
Full year 2024 earnings released: EPS: €0.36 (vs €0.39 in FY 2023) Full year 2024 results: EPS: €0.36 (down from €0.39 in FY 2023). Revenue: €140.0m (down 13% from FY 2023). Net income: €25.9m (down 7.0% from FY 2023). Profit margin: 19% (up from 17% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 19
Final dividend of €0.18 announced Shareholders will receive a dividend of €0.18. Ex-date: 17th June 2025 Payment date: 15th July 2025 Dividend yield will be 8.0%, which is higher than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 34% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Apr 17
Vassiliko Cement Works Public Company Ltd, Annual General Meeting, Jun 05, 2025 Vassiliko Cement Works Public Company Ltd, Annual General Meeting, Jun 05, 2025, at 17:00 GTB Standard Time. Location: plant offices of the company, vassiliko Cyprus New Risk • Feb 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (131% cash payout ratio). Declared Dividend • Sep 30
First half dividend of €0.12 announced Shareholders will receive a dividend of €0.12. Ex-date: 9th October 2024 Payment date: 5th November 2024 Dividend yield will be 8.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 06
First half 2024 earnings released: EPS: €0.16 (vs €0.18 in 1H 2023) First half 2024 results: EPS: €0.16 (down from €0.18 in 1H 2023). Revenue: €69.1m (down 15% from 1H 2023). Net income: €11.6m (down 12% from 1H 2023). Profit margin: 17% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 05
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 09 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Cypriot dividend payers (6.3%). Higher than average of industry peers (2.5%). Annonce • May 12
Vassiliko Cement Works Public Company Ltd, Annual General Meeting, May 30, 2024 Vassiliko Cement Works Public Company Ltd, Annual General Meeting, May 30, 2024, at 17:00 GTB Standard Time. Location: at the plant offices of the company, at vassiliko, Cyprus Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: €0.39 (vs €0.18 in FY 2022) Full year 2023 results: EPS: €0.39 (up from €0.18 in FY 2022). Revenue: €160.5m (up 13% from FY 2022). Net income: €27.8m (up 119% from FY 2022). Profit margin: 17% (up from 8.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Declared Dividend • Apr 15
First half dividend of €0.17 announced Shareholders will receive a dividend of €0.17. Ex-date: 12th June 2024 Payment date: 9th July 2024 Dividend yield will be 7.8%, which is higher than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 31
First half 2023 earnings released: EPS: €0.18 (vs €0.07 in 1H 2022) First half 2023 results: EPS: €0.18 (up from €0.07 in 1H 2022). Revenue: €81.1m (up 34% from 1H 2022). Net income: €13.2m (up 163% from 1H 2022). Profit margin: 16% (up from 8.3% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • May 31
Upcoming dividend of €0.13 per share at 6.8% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 04 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.8%. Lower than top quartile of Cypriot dividend payers (7.0%). Higher than average of industry peers (2.6%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: €0.18 (vs €0.24 in FY 2021) Full year 2022 results: EPS: €0.18 (down from €0.24 in FY 2021). Revenue: €142.7m (up 41% from FY 2021). Net income: €12.9m (down 26% from FY 2021). Profit margin: 9.0% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Senior Independent Director Stelios Anastasiades was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 11
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 18 October 2022. Payment date: 15 November 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of Cypriot dividend payers (5.6%). Higher than average of industry peers (4.0%). Annonce • Oct 07
Vassiliko Cement Works Public Company Ltd Announces Approval of Payment of an Interim Dividend, Payable on 15 November 2022 Vassiliko Cement Works Public Company Ltd. announced that the Board of Directors of the Company, at its meeting held on 6 October 2022, approved the payment of an interim dividend for 2022 of €4.316.156,82 corresponding to €0,06 per share. The interim dividend will be paid to the entitled shareholders of the Company who will be registered at the CSE registry as at 19th October 2022 (record date). As a result, the 18th of October 2022 is determined to be the ex-dividend date, date from which the shares of the Company will be traded at the CSE without the right to the dividend. Investors that will purchase shares at the CSE by the close of business on 17th October 2022 (Last Cum Date) will be entitled to the dividend. It is noted that shareholders entitled to the dividend will also be the holders of shares through an off exchange transfer to be completed by the record date. Payment of the dividends will be made (effected) until the 15th November 2022. Buying Opportunity • Aug 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.6%. The fair value is estimated to be €3.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 3.5%. Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €8.78m from profit in 1H 2021). Profit margin: (down from 17% in 1H 2021). The decrease in margin was driven by lower expenses. Annonce • Jul 16
Vassiliko Cement Works Public Company Ltd to Report First Half, 2022 Results on Jul 28, 2022 Vassiliko Cement Works Public Company Ltd announced that they will report first half, 2022 results on Jul 28, 2022 Upcoming Dividend • May 24
Upcoming dividend of €0.13 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 28 June 2022. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 7.7%. Within top quartile of Cypriot dividend payers (5.6%). Higher than average of industry peers (3.7%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 2 independent directors (9 non-independent directors). Senior Independent Director Stelios Anastasiades was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: €0.24 (vs €0.23 in FY 2020) Full year 2021 results: EPS: €0.24 (up from €0.23 in FY 2020). Revenue: €101.4m (down 4.0% from FY 2020). Net income: €17.4m (up 4.6% from FY 2020). Profit margin: 17% (up from 16% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Annonce • Apr 09
Vassiliko Cement Works Public Company Ltd Proposes Dividend, Payable on 28 June 2022 Vassiliko Cement Works Public Company Ltd. resolved to recommend to the forthcoming Annual General Meeting of the shareholders of the Company (to be held on 19 May 2022) to approve the payment of a dividend of €9,351,673.11 corresponding to €0.13 per fully paid share, which is payable from the profits of the year 2020 included in Retained Earnings. The dividend to be approved by the Annual General Meeting will be paid to the entitled shareholders of the Company that will be registered at the CSE registry as at 1 June 2022 (record date). As a result, 31 May 2022 is set to be the ex-dividend date, date from which the shares of the Company will be traded in the CSE without the right to the dividend. Investors that will purchase shares at the CSE by the close of business on 30 May 2022 (Last Cum Date) will be entitled to the dividend. It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date. Payment of the dividend will be made (effected) till the 28 June 2022. Annonce • Apr 08
Vassiliko Cement Works Public Company Ltd, Annual General Meeting, May 19, 2022 Vassiliko Cement Works Public Company Ltd, Annual General Meeting, May 19, 2022, at 17:00 E. Europe Standard Time. Agenda: To consider the management report; to receive, consider and approve the annual financial statements and the report of the auditors; and to discuss other matters. Reported Earnings • Aug 02
First half 2021 earnings released: EPS €0.12 (vs €0.068 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €50.4m (up 13% from 1H 2020). Net income: €8.78m (up 81% from 1H 2020). Profit margin: 17% (up from 11% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 01
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 08 June 2021. Payment date: 06 July 2021. Trailing yield: 7.8%. Within top quartile of Cypriot dividend payers (5.6%). Higher than average of industry peers (3.0%). Reported Earnings • Apr 18
Full year 2020 earnings released: EPS €0.23 (vs €0.28 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €105.7m (up 4.6% from FY 2019). Net income: €16.7m (down 18% from FY 2019). Profit margin: 16% (down from 20% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Is New 90 Day High Low • Dec 30
New 90-day high: €2.30 The company is up 22% from its price of €1.88 on 30 September 2020. The Cypriot market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 06
New 90-day low: €1.78 The company is down 13% from its price of €2.04 on 07 August 2020. The Cypriot market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 4.0% over the same period. Upcoming Dividend • Sep 30
Upcoming Dividend of €0.06 Per Share Will be paid on the 3rd of November to those who are registered shareholders by the 7th of October. The trailing yield of 7.4% is in the top quartile of Cypriot dividend payers (6.7%), and it is higher than industry peers (3.3%). 