Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ر.س0.04 (vs ر.س0.10 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.04 (down from ر.س0.10 in 1Q 2025). Revenue: ر.س123.0m (down 9.0% from 1Q 2025). Net income: ر.س6.11m (down 65% from 1Q 2025). Profit margin: 5.0% (down from 13% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 27
Najran Cement Company, Annual General Meeting, May 18, 2026 Najran Cement Company, Annual General Meeting, May 18, 2026, at 18:30 Arab Standard Time. Location: najran Saudi Arabia Reported Earnings • Apr 10
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ر.س0.22 (down from ر.س0.40 in FY 2024). Revenue: ر.س516.1m (down 3.4% from FY 2024). Net income: ر.س36.7m (down 46% from FY 2024). Profit margin: 7.1% (down from 13% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 26% per year. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ر.س0.02 (vs ر.س0.10 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.02 (down from ر.س0.10 in 3Q 2024). Revenue: ر.س122.7m (down 8.8% from 3Q 2024). Net income: ر.س3.07m (down 83% from 3Q 2024). Profit margin: 2.5% (down from 13% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ر.س0.03 (vs ر.س0.044 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.03 (down from ر.س0.044 in 2Q 2024). Revenue: ر.س124.7m (up 10% from 2Q 2024). Net income: ر.س4.52m (down 40% from 2Q 2024). Profit margin: 3.6% (down from 6.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 05
Najran Cement Company Announces Board Appointments Najran Cement Company at its Ordinary General Assembly meeting held on 04 August 2025, approved election of the Board members from among the candidates for the next session which starts from 09 August 2025 for a period of four years and ending on 08 August 2029. The following members were elected from the list of nominees: Mr. Hussein Ahmed Saleh Qahat, Mr. Majid Ahmed Ibrahim Al-Swaigh, Mr. Abdullah Jaber Ali Al-Faifi, and Mr. Abdullah Mansour Suleiman Al-Shagair. New Risk • Jul 03
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 20
First quarter 2025 earnings released: EPS: ر.س0.10 (vs ر.س0.13 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.10 (down from ر.س0.13 in 1Q 2024). Revenue: ر.س135.2m (down 2.1% from 1Q 2024). Net income: ر.س17.2m (down 20% from 1Q 2024). Profit margin: 13% (down from 16% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 20% per year. Aankondiging • Apr 14
Najran Cement Company, Annual General Meeting, May 04, 2025 Najran Cement Company, Annual General Meeting, May 04, 2025, at 18:30 Arab Standard Time. Location: najran Saudi Arabia Reported Earnings • Mar 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ر.س0.40 (down from ر.س0.41 in FY 2023). Revenue: ر.س534.5m (up 10% from FY 2023). Net income: ر.س68.4m (down 1.4% from FY 2023). Profit margin: 13% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ر.س0.04 (vs ر.س0.043 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.04. Revenue: ر.س113.3m (up 12% from 2Q 2023). Net income: ر.س7.50m (up 1.8% from 2Q 2023). Profit margin: 6.6% (down from 7.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Basic Materials industry in Saudi Arabia. Aankondiging • Jun 08
Najran Cement Company, Annual General Meeting, Jun 26, 2024 Najran Cement Company, Annual General Meeting, Jun 26, 2024, at 18:30 Arab Standard Time. Location: najran Saudi Arabia Reported Earnings • May 17
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ر.س0.41 (down from ر.س0.67 in FY 2022). Revenue: ر.س485.7m (down 9.3% from FY 2022). Net income: ر.س69.4m (down 39% from FY 2022). Profit margin: 14% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 19
Price target decreased by 19% to ر.س10.75 Down from ر.س13.25, the current price target is an average from 2 analysts. New target price is 6.9% above last closing price of ر.س10.06. Stock is down 31% over the past year. The company is forecast to post earnings per share of ر.س0.39 for next year compared to ر.س0.67 last year. Price Target Changed • Jan 16
Price target decreased by 9.9% to ر.س13.25 Down from ر.س14.70, the current price target is an average from 2 analysts. New target price is 25% above last closing price of ر.س10.58. Stock is down 16% over the past year. The company is forecast to post earnings per share of ر.س0.39 for next year compared to ر.س0.67 last year. Major Estimate Revision • Jan 05
Consensus EPS estimates fall by 26% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ر.س0.53 to ر.س0.39. Revenue forecast unchanged from ر.س477.0m at last update. Net income forecast to shrink 2.8% next year vs 7.7% growth forecast for Basic Materials industry in Saudi Arabia . Consensus price target of ر.س14.70 unchanged from last update. Share price was steady at ر.س11.14 over the past week. Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: ر.س0.082 (vs ر.س0.16 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.082 (down from ر.س0.16 in 3Q 2022). Revenue: ر.س113.8m (down 11% from 3Q 2022). Net income: ر.س14.0m (down 50% from 3Q 2022). Profit margin: 12% (down from 22% in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: ر.س0.04 (vs ر.س0.078 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.04 (down from ر.س0.078 in 2Q 2022). Revenue: ر.س101.3m (down 6.2% from 2Q 2022). Net income: ر.س7.36m (down 45% from 2Q 2022). Profit margin: 7.3% (down from 12% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Jun 21
Price target increased by 11% to ر.س16.30 Up from ر.س14.70, the current price target is an average from 2 analysts. New target price is 15% above last closing price of ر.س14.20. Stock is up 0.6% over the past year. The company is forecast to post earnings per share of ر.س0.92 for next year compared to ر.س0.67 last year. Buying Opportunity • Mar 07
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ر.س15.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 79% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to ر.س19.33 Down from ر.س21.50, the current price target is an average from 3 analysts. New target price is 57% above last closing price of ر.س12.34. Stock is down 35% over the past year. The company is forecast to post earnings per share of ر.س0.53 for next year compared to ر.س0.97 last year. Major Estimate Revision • Nov 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ر.س518.5m to ر.س505.0m. EPS estimate rose from ر.س0.44 to ر.س0.53. Net income forecast to grow 35% next year vs 35% growth forecast for Basic Materials industry in Saudi Arabia. Consensus price target of ر.س19.33 unchanged from last update. Share price fell 2.4% to ر.س12.00 over the past week. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: ر.س0.16 (vs ر.س0.21 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.16 (down from ر.س0.21 in 3Q 2021). Revenue: ر.س127.7m (up 1.4% from 3Q 2021). Net income: ر.س27.9m (down 23% from 3Q 2021). Profit margin: 22% (down from 29% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Basic Materials industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 18
Najran Cement Company Appoints Ziyad Bin Ibrahim Bin Abdullah Aljared as Member of the Audit Committee Najran Cement Company announced the approval of its Board of Directors decision by passing on October 17, 2022 to appoint Mr. Ziyad bin Ibrahim bin Abdullah Aljared as a member of the Audit Committee (independent member of the Board of Directors) starting from October 17, 2022 for the current session which ends on August 8, 2025. Mr. Ziyad bin Ibrahim bin Abdullah Aljared holds a Bachelor,s degree in Business Administration from King Abdulaziz University and has more than 17 years of managerial and operational experience in many public and private joint-stock companies such as SABIC and other companies, in addition to membership in a number of Boards of Directors. He is currently a member of the Board of Directors of Najran Cement Company (independent member). Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: ر.س0.078 (vs ر.س0.19 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.078 (down from ر.س0.19 in 2Q 2021). Revenue: ر.س108.1m (down 18% from 2Q 2021). Net income: ر.س13.3m (down 60% from 2Q 2021). Profit margin: 12% (down from 25% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 5.6%, compared to a 3.9% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 05
Price target decreased to ر.س19.33 Down from ر.س21.50, the current price target is an average from 3 analysts. New target price is 31% above last closing price of ر.س14.74. Stock is down 36% over the past year. The company is forecast to post earnings per share of ر.س0.44 for next year compared to ر.س0.97 last year. Aankondiging • Jun 29
Najran Cement Company, Annual General Meeting, Jul 17, 2022 Najran Cement Company, Annual General Meeting, Jul 17, 2022, at 16:00 Coordinated Universal Time. 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 an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Vice Chairman Salah bin Bin Khalil Allaf was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 15
Najran Cement Company Approves Recommendation to Distribute Cash Dividends for the Second Half of 2021 Najran Cement Company at the Ordinary General Assembly meeting held on April 13, 2022, approved recommendation to distribute cash dividends for the second half of 2021 at the rate of SAR 0.25 per share, which represents 2.5% of the nominal value of the share with a total amount of SAR 42.5 million, provided the eligibility for dividend will be to Shareholders who own the shares at the end of trading on the day of General Assembly and those who are registered in the Company-s register at Securities Depository Center at the end of second trading day following the due date. Dividend distribution date will be announced later. Thus, the total dividends the was distributed and will be distributed for the full year 2021 is SAR 1 per share representing 10% of the nominal value of the share with a total amount of SAR 170 million. Reported Earnings • Mar 09
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ر.س0.97 (down from ر.س1.20 in FY 2020). Revenue: ر.س581.6m (down 6.7% from FY 2020). Net income: ر.س165.5m (down 19% from FY 2020). Profit margin: 28% (down from 33% in FY 2020). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the next year, revenue is forecast to grow 1.6%, compared to a 2.4% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS ر.س0.21 (vs ر.س0.28 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ر.س125.9m (down 21% from 3Q 2020). Net income: ر.س36.1m (down 24% from 3Q 2020). Profit margin: 29% (down from 30% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ر.س18.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Basic Materials industry in Saudi Arabia. Total returns to shareholders of 181% over the past three years. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS ر.س0.19 (vs ر.س0.19 in 2Q 2020) The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: ر.س131.6m (up 8.3% from 2Q 2020). Net income: ر.س32.7m (flat on 2Q 2020). Profit margin: 25% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 05
First quarter 2021 earnings released: EPS ر.س0.36 (vs ر.س0.24 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س184.4m (up 18% from 1Q 2020). Net income: ر.س60.7m (up 51% from 1Q 2020). Profit margin: 33% (up from 26% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 11
Najran Cement Company, Annual General Meeting, Mar 31, 2021 Najran Cement Company, Annual General Meeting, Mar 31, 2021, at 15:30 Coordinated Universal Time. Agenda: To consider voting on the Board of Directors' report for the fiscal year ended 31 December 2020; to consider voting on the Auditor's report for the fiscal year ended 31 December 2020; to consider voting on the financial statements for the fiscal year ended 31 December 2020; to consider voting on absolving the Board members from liabilities for their activities pertain to management of the Company for the fiscal year ended 31 December 2020; and to consider other matters. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Over the next year, revenue is forecast to grow 9.3%, compared to a 3.5% growth forecast for the Basic Materials industry in Saudi Arabia. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS ر.س1.20 (vs ر.س0.32 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س623.2m (up 50% from FY 2019). Net income: ر.س204.3m (up 282% from FY 2019). Profit margin: 33% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 20
New 90-day high: ر.س19.84 The company is up 19% from its price of ر.س16.68 on 19 November 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: ر.س18.86 The company is up 10.0% from its price of ر.س17.08 on 15 October 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: ر.س18.32 The company is up 2.0% from its price of ر.س17.98 on 29 September 2020. The Saudi market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 6.0% over the same period.