New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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. This is currently the only risk that has been identified for the company. Announcement • Feb 05
Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. to Report Q3, 2026 Results on Feb 11, 2026 Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. announced that they will report Q3, 2026 results on Feb 11, 2026 Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Sharad Bhandari was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: د.إ0.021 (vs د.إ0.018 in 2Q 2025) Second quarter 2026 results: EPS: د.إ0.021 (up from د.إ0.018 in 2Q 2025). Revenue: د.إ65.9m (flat on 2Q 2025). Net income: د.إ10.5m (up 15% from 2Q 2025). Profit margin: 16% (up from 14% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Sep 14
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 Emirian stocks, typically moving 5.3% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: د.إ0.017 (vs د.إ0.013 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.017 (up from د.إ0.013 in 1Q 2025). Revenue: د.إ75.9m (up 18% from 1Q 2025). Net income: د.إ8.69m (up 37% from 1Q 2025). Profit margin: 12% (up from 9.9% in 1Q 2025). 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 but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • May 29
Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C., Annual General Meeting, Jun 25, 2025 Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C., Annual General Meeting, Jun 25, 2025, at 10:00 Arabian Standard Time. Announcement • May 24
Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. announces Annual dividend Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. announced Annual dividend of AED 0.0200 per share, ex-date on July 04, 2025 and record date on July 07, 2025. Reported Earnings • May 17
Full year 2025 earnings released: EPS: د.إ0.072 (vs د.إ0.066 in FY 2024) Full year 2025 results: EPS: د.إ0.072 (up from د.إ0.066 in FY 2024). Revenue: د.إ272.9m (up 8.2% from FY 2024). Net income: د.إ36.4m (up 10% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Mar 17
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 Emirian stocks, typically moving 5.8% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to د.إ1.28, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 20x in the Basic Materials industry in United Arab Emirates. Total loss to shareholders of 25% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: د.إ0.018 (vs د.إ0.01 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.018 (up from د.إ0.01 in 3Q 2023). Revenue: د.إ63.2m (up 7.5% from 3Q 2023). Net income: د.إ9.11m (up 76% from 3Q 2023). Profit margin: 14% (up from 8.8% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to د.إ1.09. The fair value is estimated to be د.إ0.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Buy Or Sell Opportunity • Oct 07
Now 22% overvalued Over the last 90 days, the stock has fallen 3.5% to د.إ1.11. The fair value is estimated to be د.إ0.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Buy Or Sell Opportunity • Sep 17
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at د.إ1.10. The fair value is estimated to be د.إ0.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Buy Or Sell Opportunity • Aug 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to د.إ1.10. The fair value is estimated to be د.إ0.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: د.إ0.01 (vs د.إ0.009 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.01 (up from د.إ0.009 in 2Q 2023). Revenue: د.إ62.1m (flat on 2Q 2023). Net income: د.إ6.36m (up 38% from 2Q 2023). Profit margin: 10% (up from 7.4% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: د.إ0.026 (vs د.إ0.001 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.026 (up from د.إ0.001 in 1Q 2023). Revenue: د.إ63.0m (down 5.4% from 1Q 2023). Net income: د.إ13.1m (up د.إ12.5m from 1Q 2023). Profit margin: 21% (up from 0.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Feb 20
Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C., Annual General Meeting, Mar 09, 2024 Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C., Annual General Meeting, Mar 09, 2024, at 07:00 Coordinated Universal Time. Location: Waldorf Astoria - Ras Al Khaimah United Arab Emirates Agenda: To listen to and approve the Board of Directors' report on the company's activity and its financial position for the fiscal year ended on December 31, 2023; to listen to and approve the Auditor's Report for the fiscal year ended on December 31, 2023; to discuss and approve the company's balance sheet and profit and loss account for the fiscal year ended on December 31, 2023; to consider the Board of Directors' proposal not to distribute cash dividends for the fiscal year ended on December 31, 2023; to approve a proposal concerning the remuneration of the members of Board of Directors and determine the amount thereof; to consider pre-approval of transactions with related parties that may exceed 5% of the company's capital during the fiscal year 2024-25; and to consider other matters. Reported Earnings • Feb 05
Full year 2023 earnings released: EPS: د.إ0.04 (vs د.إ0.042 in FY 2022) Full year 2023 results: EPS: د.إ0.04 (down from د.إ0.042 in FY 2022). Revenue: د.إ255.9m (up 3.3% from FY 2022). Net income: د.إ20.5m (down 2.6% from FY 2022). Profit margin: 8.0% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: د.إ0.01 (vs د.إ0.004 loss in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.01 (up from د.إ0.004 loss in 3Q 2022). Revenue: د.إ58.8m (up 8.1% from 3Q 2022). Net income: د.إ5.18m (up د.إ7.11m from 3Q 2022). Profit margin: 8.8% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ1.20, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 18x in the Basic Materials industry in Asia. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ1.25, the stock trades at a trailing P/E ratio of 66.8x. Average trailing P/E is 17x in the Basic Materials industry in Asia. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to د.إ1.45, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 18x in the Basic Materials industry in Asia. Total returns to shareholders of 115% over the past three years. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: د.إ0.009 (vs د.إ0.001 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.009 (up from د.إ0.001 in 2Q 2022). Revenue: د.إ62.5m (down 2.4% from 2Q 2022). Net income: د.إ4.61m (up د.إ3.97m from 2Q 2022). Profit margin: 7.4% (up from 1.0% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 11
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 Emirian stocks, typically moving 6.3% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 178% Cash payout ratio: 227% Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Reported Earnings • May 14
First quarter 2023 earnings released: EPS: د.إ0.001 (vs د.إ0.033 in 1Q 2022) First quarter 2023 results: EPS: د.إ0.001 (down from د.إ0.033 in 1Q 2022). Revenue: د.إ66.7m (up 4.0% from 1Q 2022). Net income: د.إ620.1k (down 96% from 1Q 2022). Profit margin: 0.9% (down from 25% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to د.إ1.19, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 17x in the Basic Materials industry in Asia. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to د.إ1.42, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 18x in the Basic Materials industry in Asia. Total returns to shareholders of 88% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman of the Board Mohamed Sultan Alqadi was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 07
Third quarter 2022 earnings released: د.إ0.004 loss per share (vs د.إ0.011 profit in 3Q 2021) Third quarter 2022 results: د.إ0.004 loss per share (down from د.إ0.011 profit in 3Q 2021). Revenue: د.إ54.4m (down 6.9% from 3Q 2021). Net loss: د.إ1.93m (down 134% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be د.إ2.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 49%. Buying Opportunity • Sep 22
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be د.إ2.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 49%. Buying Opportunity • Aug 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be د.إ2.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 49%. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: د.إ0.001 (vs د.إ0.014 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.001 (down from د.إ0.014 in 2Q 2021). Revenue: د.إ64.1m (up 11% from 2Q 2021). Net income: د.إ647.7k (down 91% from 2Q 2021). Profit margin: 1.0% (down from 12% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 25
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be د.إ2.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 45%. Buying Opportunity • Jul 08
Now 20% undervalued Over the last 90 days, the stock is up 5.2%. The fair value is estimated to be د.إ2.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 45%. Buying Opportunity • May 23
Now 24% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be د.إ2.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 45%. Buying Opportunity • May 06
Now 23% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be د.إ2.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: د.إ0.03 (vs د.إ0.014 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.03 (up from د.إ0.014 in 1Q 2021). Revenue: د.إ64.1m (down 2.9% from 1Q 2021). Net income: د.إ16.3m (up 130% from 1Q 2021). Profit margin: 25% (up from 11% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors 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. 8 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Najat Eissa Al Kait was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 16% share price gain to د.إ1.90, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 17x in the Basic Materials industry in Asia. Total returns to shareholders of 122% over the past three years. Upcoming Dividend • Apr 01
Upcoming dividend of د.إ0.10 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 11 May 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Emirian dividend payers (5.3%). Lower than average of industry peers (3.7%). Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.07 (up from د.إ0.025 in FY 2020). Revenue: د.إ239.8m (up 8.4% from FY 2020). Net income: د.إ32.9m (up 159% from FY 2020). Profit margin: 14% (up from 5.7% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS د.إ0.011 (vs د.إ0.009 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: د.إ58.4m (up 14% from 3Q 2020). Net income: د.إ5.66m (up 23% from 3Q 2020). Profit margin: 9.7% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 19% share price gain to د.إ1.27, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 17% share price gain to د.إ1.08, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 15x in the Basic Materials industry in Asia. Total returns to shareholders of 28% over the past three years. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS د.إ0.014 (vs د.إ0.01 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: د.إ57.9m (up 59% from 2Q 2020). Net income: د.إ7.11m (up 37% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 09
First quarter 2021 earnings released: EPS د.إ0.01 (vs د.إ0.012 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: د.إ66.0m (up 9.4% from 1Q 2020). Net income: د.إ7.08m (up د.إ13.1m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS د.إ0.025 (vs د.إ0.039 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ221.2m (down 6.5% from FY 2019). Net income: د.إ12.7m (down 35% from FY 2019). Profit margin: 5.7% (down from 8.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
Full year 2020 earnings released: EPS د.إ0.03 (vs د.إ0.039 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ221.2m (down 6.5% from FY 2019). Net income: د.إ12.7m (down 35% from FY 2019). Profit margin: 5.7% (down from 8.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 30
New 90-day high: د.إ0.85 The company is up 20% from its price of د.إ0.71 on 01 October 2020. The Emirian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: د.إ0.75 The company is up 1.0% from its price of د.إ0.74 on 10 September 2020. The Emirian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 12% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS د.إ0.009 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: د.إ51.4m (down 1.1% from 3Q 2019). Net income: د.إ4.62m (down 12% from 3Q 2019). Profit margin: 9.0% (down from 10.0% in 3Q 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.