Dangote Cement Plc

NGSE:DANGCEM Rapport sur les actions

Capitalisation boursière : ₦17.6t

Dangote Cement Croissance future

Future contrôle des critères 4/6

Dangote Cement devrait augmenter ses bénéfices et son chiffre d'affaires de 23.3% et de 15.6% par an respectivement. Le BPA devrait croître de de 12.8% par an. Le rendement des capitaux propres devrait être 42.3% dans 3 ans.

Informations clés

23.3%

Taux de croissance des bénéfices

12.75%

Taux de croissance du BPA

Basic Materials croissance des bénéfices21.9%
Taux de croissance des recettes15.6%
Rendement futur des capitaux propres42.33%
Couverture par les analystes

Low

Dernière mise à jour26 Aug 2026

Mises à jour récentes de la croissance future

Recent updates

Mise à jour du récit • Sep 10

Reports (Unaudited) Robust H1 2026 Earnings Growth Driven by Strong Revenue Expansion, Improved Margins, and Significant Debt Reduction

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Dangote Cement Plc delivered an impressive financial performance for the six months ended June 30, 2026, driven by strong revenue growth across its African operations, higher sales volumes, improved pricing, and a substantial reduction in financing costs. Group revenue rose by 21.4% year-on-year (YoY) to ₦2.51 trillion from ₦2.07 trillion in H1 2025, supported by a 11.8% increase in cement and clinker sales volumes to 14.94 million tonnes.
Mise à jour du récit • Aug 12

DANGCEM: Higher Margins And Lower Risk Premium Will Drive Future Upside

Analysts have raised their NGN fair value estimate for Dangote Cement from NGN1,176.39 to NGN1,238.24, citing updated views on revenue growth, profit margins and future P/E assumptions that feed into a slightly lower discount rate. What’s in the News for Dangote Cement Dangote Cement has scheduled a board meeting for July 29, 2026, to discuss various matters.
Mise à jour du récit • Aug 06

Dangote Cement Plc – US$800 Million Itori Cement Plant Expansion Project

Author: Qudus Adebara (The Research Guy) Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark Memorandum of Understanding (MoU) valued at over US$800 million for the expansion of the Dangote Cement Plant in Itori, Ogun State , significantly increasing the facility’s production capacity and reinforcing Nigeria’s position as Africa’s leading cement producer.
Mise à jour du récit • Jul 30

DangCement Delivers Strong Q1 2026 Performance with Robust Revenue Growth and Margin Expansion Driven by Volume Recovery and Cost Efficiency

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Dangote Cement Plc delivered an impressive performance for the three months ended March 31, 2026, marked by strong revenue growth, improved margins, and significant expansion in profitability. Group revenue rose by 20.4% YoY to ₦1.20 trillion, driven by a 13.8% increase in sales volumes and improved pricing across key markets.
Mise à jour du récit • Jul 28

DANGCEM: Raised Fair Value And July 2026 Board Review May Steady Outlook

Analysts have raised their fair value estimate for Dangote Cement from NGN 846.90 to NGN 1,077.80, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News for Dangote Cement Dangote Cement has scheduled a board meeting for Jul 29, 2026, to review various matters related to the company.
Mise à jour du récit • Jul 14

DANGCEM: Higher Long Run Margins And Lower P/E Will Support Undervalued Shares

Analysts have raised their NGN fair value estimate for Dangote Cement from NGN1,077.80 to NGN1,359.79, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple as the key drivers of the higher price target. What's in the News for Dangote Cement Board meeting scheduled for Jul 29, 2026, to review and discuss the Unaudited Financial Statements for the quarter ending Jun 30, 2026.
Mise à jour du récit • Jun 30

DANGCEM: Higher Margins And Rich Dividend Will Drive Future Upside

Analysts have revised their fair value estimate for Dangote Cement from NGN692.35 to NGN1,176.39, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E as the main drivers of the higher price target. What's in the News Dangote Cement has scheduled a board meeting for April 29, 2026 to discuss various matters, including the unaudited financial statements for the quarter ending March 31, 2026.
Mise à jour du récit • Jun 16

DANGCEM: Elevated Board Meeting Expectations Will Likely Sustain Overstretched Share Price

Analysts have revised their fair value estimate for Dangote Cement to NGN846.90 from NGN641.25, citing updated assumptions around revenue growth, profit margins and future P/E expectations. This revision is also supported by a slightly lower discount rate.
Mise à jour du récit • Jun 02

DANGCEM: Higher Margins And Future P/E Will Support Fairly Valued Shares

Analysts have raised their NGN fair value estimate for Dangote Cement from NGN846.90 to NGN1,077.80, citing revised assumptions that combine slightly lower revenue growth expectations with higher projected profit margins, as well as a modestly adjusted discount rate and future P/E. What's in the News Dangote Cement has scheduled a board meeting for April 29, 2026.
Mise à jour du récit • May 19

Dangote Cement Plc – Proposed Dual Listing on the London Stock Exchange

Strategic International Listing to Expand Global Capital Access & Enhance Valuation Visibility Analyst: Qudus Adebara (Research Analyst, DLM Securities) Transaction Overview Dangote Cement Plc is planning a secondary listing on the London Stock Exchange (LSE) as part of a broader strategy to deepen international investor participation, improve capital market visibility, and strengthen its global positioning. According to comments by Aliko Dangote , the company intends to: Sell approximately 10% of its shares to outside investors Pursue a dual listing structure Potentially complete the listing around September 2026, subject to market conditions and investor demand The move could value the company at close to: US$13 billion Strategic Rationale 1.
Mise à jour du récit • May 14

DANGCEM: Rich Valuation Will Persist Despite Higher Margin Expectations

Analysts have kept their NGN fair value estimate for Dangote Cement steady at NGN641.25. The updated price target reflects a slightly higher discount rate and lower revenue growth assumptions, partly offset by expectations for stronger profit margins and a similar forward P/E multiple.
Mise à jour du récit • May 06

Dangote Cement Plc Delivers Record FY 2025 Profit Growth Driven by Revenue Expansion and Improved Cost Efficiency

Analyst: Qudus Adebara (Research Analyst) Executive Summary Dangote Cement Plc delivered a strong FY 2025 performance, supported by significant revenue growth, improved operating efficiency, and reduced finance costs. Group revenue increased by 20% YoY to ₦4.31 trillion , driven by improved pricing and resilient demand across key markets.
Mise à jour du récit • Apr 21

DANGCEM: Future P/E And Dividend Policy Will Support Fairly Valued Shares

Analysts have nudged their fair value estimate for Dangote Cement higher from NGN817.22 to NGN846.90, citing updated inputs for discount rate, revenue growth, profit margin and assumptions for the future price-to-earnings (P/E) ratio. What's in the News Board meeting scheduled for April 29, 2026, to review the unaudited financial statements for the quarter ending March 31, 2026, and other business matters (company event filing).
Mise à jour du récit • Apr 07

DANGCEM: Rich Dividend Will Mask Near Term Overvaluation Risk

Analysts now set a revised NGN 692.35 price target for Dangote Cement, compared with the previous NGN 654.06. This reflects refreshed assumptions on discount rate, revenue growth, profit margin and future P/E that slightly adjust their longer term valuation outlook.
Mise à jour du récit • Mar 24

DANGCEM: Higher Future P/E And Dividend Outlook Will Shape Fairly Valued Shares

Analysts have raised their fair value estimate for Dangote Cement from NGN 693.01 to NGN 817.22, citing updated assumptions for the discount rate, revenue growth, profit margin, and a higher future P/E multiple. What's in the News An annual dividend of NGN 45.00 per share has been announced, payable on July 2, 2026, with an ex-dividend date of June 18, 2026 and a record date of June 17, 2026 (Key Developments) A board meeting is scheduled for February 26, 2026 to discuss various matters, including the audited financial statements for the year ending December 31, 2025 (2025 AFS) (Key Developments) Valuation Changes Fair Value: NGN 693.01 has been revised to NGN 817.22 per share, reflecting a higher estimated valuation level.
Mise à jour du récit • Mar 09

DANGCEM: Lower Future P/E Assumptions Will Pressure Overstretched Share Price

Analysts have modestly trimmed their price target for Dangote Cement to NGN 641.25, reflecting slightly lower assumptions for revenue growth, profit margins, the discount rate and future P/E. What's in the News Dangote Cement Plc announced an annual dividend of NGN 45.00 per share, with a record date of June 17, 2026, an ex dividend date of June 18, 2026, and a payment date of July 2, 2026 (Key Developments).
Mise à jour du récit • Mar 04

Dangote Cement Plc Signs $1bn Expansion Deal with Sinoma International Engineering to Drive 80MTPA Target

Author: Qudus Adebara (DLM Securities, Research Analyst) Executive Summary Dangote Cement Plc has entered into a strategic agreement with Sinoma International Engineering for the construction of 12 new projects and expansion of existing facilities across Africa, with an estimated investment exceeding $1 billion. The projects form a critical component of the Dangote Group’s Vision 2030 , supporting the company’s ambition to scale cement production capacity to 80 million tonnes per annum (MTPA) by 2030 , while contributing to the Group’s broader $100 billion revenue target.
Mise à jour du récit • Mar 03

DANGOTE CEMENT PLC Q3 Result – Record Revenue and Profit Growth Reinforce Market Leadership Amid Cost Pressures

Analyst: Qudus Adebara Executive Summary Dangote Cement Plc delivered a robust performance for the nine months ended 30 September 2025, achieving new revenue and profit milestones despite persistent cost inflation, foreign exchange challenges, and energy price volatility. The Group’s revenue rose 23% year-on-year (YoY) to ₦3.15 trillion (9M 2024: ₦2.56 trillion), reflecting sustained domestic demand, price adjustments, and resilient export volumes.
Mise à jour du récit • Feb 23

DANGCEM: Lower Margin Outlook Will Likely Pressure Expensive Shares

Analysts have nudged their fair value estimate for Dangote Cement to NGN693.01 from NGN667.16, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled for February 26, 2026, to review and discuss the audited financial statements for the year ending December 31, 2025, along with other corporate matters (Key Developments).
Mise à jour du récit • Feb 11

Dangote Cement Plc – Strategic Expansion Outlook (Proposed Entry into Burundi)

Author: Qudus Adebara Dangote Cement Plc – Strategic Expansion Outlook (Proposed Entry into Burundi) Strengthening East African Footprint & Advancing Pan-African Cement Dominance Engagement Overview Following Aliko Dangote’s high-level visit to Burundi and discussions with President Évariste Ndayishimiye, one of the most strategically significant opportunities emerging from the engagement is the potential expansion of Dangote Cement Plc (Dangcem) into the Burundian market. While discussions covered multiple sectors, cement manufacturing stands out as the most immediately actionable and strategically aligned investment vertical for the Group.
Mise à jour du récit • Feb 08

DANGCEM: Future Margins And P/E Assumptions Will Shape Fair Valuation

Analysts have lifted their price target on Dangote Cement from ₦457.55 to ₦641.25, citing updated assumptions for revenue growth, profit margins and future P/E multiples as key drivers of the change. What's in the News A board meeting is scheduled for February 26, 2026 to review and discuss the audited financial statements for the year ending December 31, 2025, among other matters (company announcement).
Mise à jour du récit • Jan 25

DANGCEM: Stable Assumptions And 2025 Board Review Will Guide Outlook

Analysts have held their fair value estimate for Dangote Cement broadly steady at about ₦654.06 per share, explaining that only very small technical tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E justify keeping the target effectively unchanged. What's in the News The board plans to meet on Feb 26, 2026 to review various matters, including the audited financial statements for the year ending Dec 31, 2025.
Mise à jour du récit • Jan 10

DANGCEM: Steady Assumptions And Upcoming Board Meeting Will Shape Outlook

Analysts have made a minor upward adjustment to their price target for Dangote Cement to ₦654.06, reflecting slightly lower assumed discount rates and marginal tweaks to long term revenue growth, profit margin and future P/E inputs in their models. What's in the News A board meeting is scheduled for February 26, 2026, to discuss various matters, including the audited financial statements for the year ending December 31, 2025, which may offer more clarity on recent business performance and capital allocation priorities (company announcement).
Mise à jour du récit • Dec 23

DANGCEM: Higher Required Return Will Keep Margins And Earnings Outlook Steady

Narrative Update on Analyst Price Target Analysts have modestly raised their price target for Dangote Cement by ₦0.00 per share. This reflects slightly higher long term discount rate assumptions and a marginally richer future price to earnings multiple, while fair value, revenue growth, and profit margin forecasts remain essentially unchanged.
Mise à jour du récit • Dec 09

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.
Mise à jour du récit • Nov 25

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.
Mise à jour du récit • Nov 15

Dangote Group – Zimbabwe Expansion Update (Dangote to Establish $1 Billion Integrated Cement Factory)

Author: Qudus Adebara Transaction Overview Dangote Group has signed a landmark $1 billion investment agreement with the Government of Zimbabwe to develop an integrated industrial complex , with the cement factory serving as the core component of the project. The investment marks Dangote’s official entry into the Zimbabwean cement market, aligning with the country’s Vision 2030 industrialization agenda under President Emmerson Mnangagwa.
Mise à jour du récit • Nov 05

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).
Mise à jour du récit • Nov 02

Dangote Cement Plc Q2/H1 Result– Strong Fundamentals with Caution on Currency Risk

Dangote Cement Plc – Sustained Growth Momentum Drives Strong Q3 2025 Performance Amid Rising Cost Environment Executive Summary Dangote Cement Plc (DANGCEM) delivered another resilient performance in Q3 and 9M 2025, underscoring its operational strength, pricing discipline, and market leadership despite persistent cost pressures and foreign exchange volatility. The Group recorded robust topline expansion, improved profitability, and solid earnings growth across its Nigerian and Pan-African operations.
Mise à jour du récit • Oct 22

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

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.
Mise à jour du récit • Oct 17

Dangote Cement Plc Q2/H1 Result– Strong Fundamentals with Caution on Currency Risk

Dangote Cement Plc – Strategic Expansion in Côte d’Ivoire Strengthens Regional Footprint Event Summary: Dangote Cement Plc has commenced operations at its new 3 million metric tonne per annum cement plant in Attingué, Côte d’Ivoire , approximately 30 km from Abidjan. The ₦100 billion CFA franc investment (~$160 million) reinforces the company’s ongoing Pan-African expansion strategy, positioning Côte d’Ivoire as the 11th African country to host a Dangote Cement plant.
Mise à jour du récit • Oct 08

African Urbanization And Expansion Will Drive Enduring Cement Demand

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.
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Nouveau récit • Dec 12

New Ghana Plant And CNG-Powered Fleet To Drive Revenue Growth And Enhance Profit Margins Across Africa

Improving production efficiency and expanding in Ghana and Nigeria are key to revenue and market position growth across Africa.

Prévisions de croissance des bénéfices et des revenus

NGSE:DANGCEM - Estimations futures des analystes et données financières antérieures (NGN Millions )
DateRecettesLes revenusFlux de trésorerie disponibleCash from OpMoy. Nombre d'analystes
12/31/20286,880,6342,202,5071,875,1352,190,3164
12/31/20275,965,8131,813,0891,609,3102,023,2884
12/31/20265,174,5341,429,3341,268,7661,775,2894
6/30/20264,749,0381,128,170836,7211,892,763N/A
3/31/20264,510,0771,114,7001,107,7141,980,769N/A
12/31/20254,306,7041,002,847849,3751,710,762N/A
9/30/20254,174,734955,098878,8331,579,864N/A
6/30/20253,892,093824,536783,8811,283,571N/A
3/31/20253,757,859592,114420,368827,563N/A
12/31/20243,580,550498,192407,102821,184N/A
9/30/20243,254,062451,565530,813750,809N/A
6/30/20243,017,313458,515547,564735,329N/A
3/31/20242,618,718448,534703,819878,038N/A
12/31/20232,208,090445,214538,450678,789N/A
9/30/20231,955,668437,312415,327546,143N/A
6/30/20231,761,118380,617378,774448,131N/A
3/31/20231,611,864380,234232,923290,405N/A
12/31/20221,618,323375,988312,915387,835N/A
9/30/20221,538,707294,595347,017449,618N/A
6/30/20221,501,129341,076449,881590,239N/A
3/31/20221,464,167375,466457,448623,788N/A
12/31/20211,383,637361,008437,353596,709N/A
9/30/20211,294,938342,229360,123584,387N/A
6/30/20211,247,889338,734354,869558,688N/A
3/31/20211,117,665303,673392,868572,003N/A
12/31/20201,034,196275,080300,964511,885N/A
9/30/2020973,324254,605358,764508,291N/A
6/30/2020900,793208,335296,461467,544N/A
3/31/2020900,696201,985N/A397,611N/A
12/31/2019891,671200,935N/A426,115N/A
9/30/2019895,714386,380N/A399,964N/A
6/30/2019886,504395,956N/A392,388N/A
3/31/2019899,254377,730N/A392,925N/A
12/31/2018901,213388,983N/A375,348N/A
9/30/2018887,297202,676N/A364,920N/A
6/30/2018875,345201,330N/A396,860N/A
3/31/2018839,532212,386N/A383,286N/A
12/31/2017805,582198,585N/A345,375N/A
9/30/2017776,586164,652N/A373,383N/A
6/30/2017735,588153,068N/A302,553N/A
3/31/2017682,748154,098N/A289,809N/A
12/31/2016615,103149,536N/A278,594N/A
9/30/2016568,367156,423N/A226,779N/A
6/30/2016541,701168,154N/A240,480N/A
3/31/2016517,508168,559N/A294,548N/A
12/31/2015491,725184,994N/A299,517N/A
9/30/2015446,875186,921N/A271,204N/A

Prévisions de croissance des analystes

Taux de revenus par rapport au taux d'épargne: La croissance des bénéfices prévue de DANGCEM ( 23.3% par an) est supérieure au taux d'épargne ( 15.7% ).

Bénéfices vs marché: Les bénéfices de DANGCEM ( 23.3% par an) devraient croître plus rapidement que le marché NG ( 23.2% par an).

Croissance élevée des bénéfices: Les bénéfices de DANGCEM devraient augmenter de manière significative au cours des 3 prochaines années.

Chiffre d'affaires vs marché: Le chiffre d'affaires de DANGCEM ( 15.6% par an) devrait croître plus lentement que le marché de NG ( 19.3% par an).

Croissance élevée des revenus: Le chiffre d'affaires de DANGCEM ( 15.6% par an) devrait croître plus lentement que 20% par an.

Prévisions de croissance du bénéfice par action

Rendement futur des capitaux propres

ROE futur: Le retour sur capitaux propres de DANGCEM devrait être très élevé dans 3 ans ( 42.3 %).

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Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/09/21 05:05
Cours de l'action en fin de journée2026/09/18 00:00
Les revenus2026/06/30
Revenus annuels2025/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github ; nous proposons également des guides sur la façon d’utiliser nos rapports et des tutoriels sur YouTube.

Découvrez l' qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Dangote Cement Plc est couverte par 13 analystes. 4 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Adedayo AyeniAbsa Bank Limited
null nullARM Research
Gari ChigwedereAvior Capital Markets