company background image
GCEM

Gulf Cement Company P.S.C ADX:GCEM Stock Report

Last Price

د.إ0.51

Market Cap

د.إ209.4m

7D

-6.3%

1Y

-36.9%

Updated

04 Aug, 2022

Data

Company Financials
GCEM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

GCEM Stock Overview

Gulf Cement Company P.S.C. produces and markets various types of cement in the United Arab Emirates.

Gulf Cement Company P.S.C Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gulf Cement Company P.S.C
Historical stock prices
Current Share Priceد.إ0.51
52 Week Highد.إ0.98
52 Week Lowد.إ0.45
Beta0.18
1 Month Change-6.42%
3 Month Change-19.30%
1 Year Change-36.88%
3 Year Change-66.45%
5 Year Change-74.24%
Change since IPO-27.93%

Recent News & Updates

Shareholder Returns

GCEMAE Basic MaterialsAE Market
7D-6.3%0.7%2.6%
1Y-36.9%27.6%28.7%

Return vs Industry: GCEM underperformed the AE Basic Materials industry which returned 25.3% over the past year.

Return vs Market: GCEM underperformed the AE Market which returned 28.3% over the past year.

Price Volatility

Is GCEM's price volatile compared to industry and market?
GCEM volatility
GCEM Average Weekly Movement8.8%
Basic Materials Industry Average Movement7.1%
Market Average Movement5.2%
10% most volatile stocks in AE Market8.7%
10% least volatile stocks in AE Market2.7%

Stable Share Price: GCEM is more volatile than 90% of AE stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GCEM's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of AE stocks.

About the Company

FoundedEmployeesCEOWebsite
1977n/aAhmed Al Amashhttps://gulfcement.ae

Gulf Cement Company P.S.C. produces and markets various types of cement in the United Arab Emirates. The company operates in two segments, Manufacturing and Investments. It invests in marketable equity securities; deposits with banks; and properties.

Gulf Cement Company P.S.C Fundamentals Summary

How do Gulf Cement Company P.S.C's earnings and revenue compare to its market cap?
GCEM fundamental statistics
Market Capد.إ209.38m
Earnings (TTM)-د.إ67.60m
Revenue (TTM)د.إ341.01m

0.6x

P/S Ratio

-3.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GCEM income statement (TTM)
Revenueد.إ341.01m
Cost of Revenueد.إ382.02m
Gross Profit-د.إ41.01m
Other Expensesد.إ26.59m
Earnings-د.إ67.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.16
Gross Margin-12.03%
Net Profit Margin-19.82%
Debt/Equity Ratio8.2%

How did GCEM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GCEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GCEM?

Other financial metrics that can be useful for relative valuation.

GCEM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA-7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does GCEM's PS Ratio compare to its peers?

GCEM PS Ratio vs Peers
The above table shows the PS ratio for GCEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.3x
FBI Fujairah Building Industries P.J.S.C
1.7xn/aد.إ296.5m
NCC National Cement Company (Public Shareholding)
5.7xn/aد.إ803.7m
BILDCO Abu Dhabi National Company for Building Materials PJSC
1.6xn/aد.إ47.4m
RAKWCT Ras Al Khaimah for White Cement & Construction Materials P.S.C
4xn/aد.إ980.3m
GCEM Gulf Cement Company P.S.C
0.6xn/aد.إ209.4m

Price-To-Sales vs Peers: GCEM is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (3.3x).


Price to Earnings Ratio vs Industry

How does GCEM's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

Price-To-Sales vs Industry: GCEM is good value based on its Price-To-Sales Ratio (0.6x) compared to the AE Basic Materials industry average (1.8x)


Price to Sales Ratio vs Fair Ratio

What is GCEM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GCEM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GCEM's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GCEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GCEM (AED0.51) is trading below our estimate of fair value (AED10.48)

Significantly Below Fair Value: GCEM is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Gulf Cement Company P.S.C forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.3%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gulf Cement Company P.S.C has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Gulf Cement Company P.S.C is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Gulf Cement Company P.S.C performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-58.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GCEM is currently unprofitable.

Growing Profit Margin: GCEM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GCEM is unprofitable, and losses have increased over the past 5 years at a rate of 58.1% per year.

Accelerating Growth: Unable to compare GCEM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GCEM is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (-4.8%).


Return on Equity

High ROE: GCEM has a negative Return on Equity (-10.79%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Gulf Cement Company P.S.C's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GCEM's short term assets (AED165.8M) do not cover its short term liabilities (AED255.6M).

Long Term Liabilities: GCEM's short term assets (AED165.8M) exceed its long term liabilities (AED8.6M).


Debt to Equity History and Analysis

Debt Level: GCEM's net debt to equity ratio (0.7%) is considered satisfactory.

Reducing Debt: GCEM's debt to equity ratio has increased from 0% to 8.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable GCEM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GCEM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 43.6% per year.


Discover healthy companies

Dividend

What is Gulf Cement Company P.S.C current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GCEM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GCEM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GCEM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GCEM's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: GCEM is not paying a notable dividend for the AE market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GCEM has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Ahmed Al Amash

no data

Tenure

Mr. Ahmed Abdullah Ali Al Amash serves as Managing Director of Gulf Cement Company P.S.C. Mr. Al Amash served as the Managing Director of Gulf Cement Company P.S.C. since December 26, 2012 and served as it...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gulf Cement Company P.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: Gulf Cement Company P.S.C.
  • Ticker: GCEM
  • Exchange: ADX
  • Founded: 1977
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: د.إ209.380m
  • Shares outstanding: 410.55m
  • Website: https://gulfcement.ae

Location

  • Gulf Cement Company P.S.C.
  • Khor Khwair
  • Ras al-Khaimah
  • United Arab Emirates

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/04 00:00
End of Day Share Price2022/08/04 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.