Kuwait Cement Company K.P.S.C Valuation

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

KCEM (KWD0.19) is trading below our estimate of [[fair value]] (KWD0.21)

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: KCEM (KWD0.19) is trading below our estimate of fair value (KWD0.21)

Significantly Below Fair Value: KCEM is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As KCEM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KCEM. This is calculated by dividing KCEM's market cap by their current earnings.
What is KCEM's PE Ratio?
PE Ratio	38.1x
Earnings	د.ك3.61m
Market Cap	د.ك137.60m

KCEM 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/Revenue	2.8x
Enterprise Value/EBITDA	27.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does KCEM's PE Ratio compare to its peers?

The above table shows the PE ratio for KCEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	13.7x
NICBM National Industries Company - KPSC	11.3x	n/a	د.ك61.5m
ALKOUT Al Kout Industrial Projects Company K.S.C.P	20.1x	n/a	د.ك181.6m
BPCC Boubyan Petrochemical Company K.S.C.P	16.9x	15.3%	د.ك374.6m
KFOUC Kuwait Foundry Company K.S.C.P	6.4x	n/a	د.ك39.7m
KCEM Kuwait Cement Company K.P.S.C	38.1x	n/a	د.ك137.6m

Price-To-Earnings vs Peers: KCEM is expensive based on its Price-To-Earnings Ratio (38.1x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KCEM is expensive based on its Price-To-Earnings Ratio (38.1x) compared to the Asian Basic Materials industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

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

KCEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	38.1x
Fair PE Ratio	n/a

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

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.