BUA Cement (BUACEMENT) Stock Overview
Engages in the manufacture, sale and distribution of cement and related products under the BUA Cement brand in Nigeria and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
BUACEMENT Community Fair Values
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Analyst Price Targets
BUA Cement Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦340.20 |
| 52 Week High | ₦460.00 |
| 52 Week Low | ₦90.00 |
| Beta | -0.26 |
| 1 Month Change | -19.00% |
| 3 Month Change | 4.13% |
| 1 Year Change | 256.60% |
| 3 Year Change | 268.78% |
| 5 Year Change | 375.80% |
| Change since IPO | 773.43% |
Recent News & Updates
Narrative Update • Jun 17
BUACEMENT: Elevated Future P/E Will Likely Outrun Softer Margin Outlook
Analysts have updated their price target for BUA Cement to NGN236.26 from NGN170.52, reflecting revised assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for BUA Cement BUA Cement has scheduled a board meeting for April 23, 2026.
Narrative Update • Jun 04
BUA Cement Plc – Accelerates Expansion Strategy to Reach 23 Million Tonnes Annual Capacity
Author: Qudus Adebara (Research Analyst, DLM Capital) BUA Cement Plc has intensified its long-term expansion strategy with plans to increase its total cement production capacity to 23 million metric tonnes per annum (MTPA) by the end of next year, reinforcing its ambition to deepen market share and strengthen its position within Nigeria’s cement industry. The company disclosed the expansion plans during its 10th Annual General Meeting (AGM) held in Abuja, where management highlighted ongoing investments in new production lines and greenfield manufacturing facilities aimed at supporting rising domestic demand for cement and infrastructure development.Narrative Update • Jun 02
BUACEMENT: Elevated Future P/E Will Likely Outrun Dividend Support
Analysts have raised their price target on BUA Cement to NGN170.52 from NGN157.04, reflecting updated assumptions for fair value and a slightly higher future P/E multiple, while keeping revenue growth, profit margin and discount rate inputs broadly in line with prior estimates. What's in the News BUA Cement has scheduled a board meeting for April 23, 2026.Narrative Update • May 05
BUACEMENT: Future Dividend Will Support Rich P/E Despite Softer Revenue Assumptions
Analysts have raised their price target on BUA Cement from NGN149.69 to NGN157.04, citing updated assumptions that include a slightly lower discount rate, more moderate revenue growth expectations, and a higher projected profit margin and P/E multiple. What's in the News Board meeting scheduled for February 26, 2026, to consider the audited financial statements for the year ended December 31, 2025 (company event filing).Recent updates
Narrative Update • Jun 17
BUACEMENT: Elevated Future P/E Will Likely Outrun Softer Margin Outlook
Analysts have updated their price target for BUA Cement to NGN236.26 from NGN170.52, reflecting revised assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for BUA Cement BUA Cement has scheduled a board meeting for April 23, 2026.Narrative Update • Jun 04
BUA Cement Plc – Accelerates Expansion Strategy to Reach 23 Million Tonnes Annual Capacity
Author: Qudus Adebara (Research Analyst, DLM Capital) BUA Cement Plc has intensified its long-term expansion strategy with plans to increase its total cement production capacity to 23 million metric tonnes per annum (MTPA) by the end of next year, reinforcing its ambition to deepen market share and strengthen its position within Nigeria’s cement industry. The company disclosed the expansion plans during its 10th Annual General Meeting (AGM) held in Abuja, where management highlighted ongoing investments in new production lines and greenfield manufacturing facilities aimed at supporting rising domestic demand for cement and infrastructure development.Narrative Update • Jun 02
BUACEMENT: Elevated Future P/E Will Likely Outrun Dividend Support
Analysts have raised their price target on BUA Cement to NGN170.52 from NGN157.04, reflecting updated assumptions for fair value and a slightly higher future P/E multiple, while keeping revenue growth, profit margin and discount rate inputs broadly in line with prior estimates. What's in the News BUA Cement has scheduled a board meeting for April 23, 2026.Narrative Update • May 05
BUACEMENT: Future Dividend Will Support Rich P/E Despite Softer Revenue Assumptions
Analysts have raised their price target on BUA Cement from NGN149.69 to NGN157.04, citing updated assumptions that include a slightly lower discount rate, more moderate revenue growth expectations, and a higher projected profit margin and P/E multiple. What's in the News Board meeting scheduled for February 26, 2026, to consider the audited financial statements for the year ended December 31, 2025 (company event filing).Narrative Update • Apr 27
BUA Cement Plc Delivers Transformational FY 2025 Earnings Growth Driven by Revenue Expansion and Margin Recovery
Analyst: Qudus Adebara (Research Analyst) Executive Summary BUA Cement Plc recorded an exceptional financial performance for the year ended 31 December 2025, supported by strong revenue growth, significant margin expansion, reduced foreign exchange losses, and improved operating efficiency. Revenue increased by 35% YoY to ₦1.18 trillion , marking the company’s first trillion-naira revenue year.Narrative Update • Apr 20
BUACEMENT: Dividend Payout Will Sustain Expensive Earnings Multiple Going Forward
Analysts have maintained their NGN149.69 price target for BUA Cement, pointing to largely unchanged assumptions on fair value, growth, margin profile and future P/E. They have made only a slight adjustment to the discount rate and long term earnings multiple to reflect updated risk and valuation inputs.
New Narrative • Apr 09
Future Capacity Additions And Energy Costs Will Pressure Margins And Limit Upside
Catalysts About BUA Cement BUA Cement produces cement and clinker from plants in Sokoto and Edo states in Nigeria and supplies domestic and West African markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 05
BUACEMENT: Dividend Payout Will Sustain Expensive Earnings Multiple Going Forward
Analysts have kept their fair value estimate for BUA Cement steady at NGN149.69. A slightly higher discount rate and a modest uptick in assumed future P/E guide the unchanged price target.
New Narrative • Mar 26
Capacity Expansion And Cost Efficiencies Will Shape A Different Long Term Outcome
Catalysts About BUA Cement BUA Cement is a Nigerian cement producer operating six production lines across Sokoto and Edo states, supplying cement and clinker to domestic and West African markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 22
BUACEMENT: Stable Assumptions And Dividend Plan Will Sustain Overvalued Earnings Multiple
Analysts maintain a fair value estimate of NGN149.69 for BUA Cement, using a slightly lower assumed discount rate and a modestly adjusted future P/E assumption. Taken together, these changes refine but do not materially change the overall price target view.Narrative Update • Mar 07
BUACEMENT: Unchanged Fair Value Will Likely Keep Rich Earnings Multiple Under Pressure
Analysts have kept their NGN149.69 price target for BUA Cement unchanged, citing only marginal tweaks to inputs such as a slightly lower discount rate, modestly adjusted revenue growth assumptions, a firmer profit margin outlook and a small revision to the future P/E multiple. What's in the News BUA Cement Plc announced an annual dividend of NGN 10.0000 per share, with payment scheduled for May 21, 2026, an ex-dividend date of May 11, 2026, and a record date of May 8, 2026 (Key Developments).Narrative Update • Mar 03
BUA CEMENT PLC – Robust Earnings Rebound and Margin Recovery Drive 9M 2025 Outperformance
Analyst: Qudus Adebara Executive Summary BUA Cement Plc delivered a remarkable financial performance for the nine months ended September 30, 2025, reflecting strong topline growth, impressive gross margin recovery, and a sharp rebound in profitability. Despite a challenging operating environment characterized by high inflation, energy cost pressures, and exchange rate volatility, BUA Cement’s strategic efficiency initiatives and operational resilience yielded robust earnings momentum.Narrative Update • Feb 20
BUACEMENT: Unchanged Fair Value Will Likely Keep Rich Earnings Multiple Under Pressure
Analysts have kept their NGN149.69 price target for BUA Cement unchanged, with only minimal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions feeding into their valuation framework. What's in the News Board meeting scheduled for February 26, 2026, with plans to consider the audited financial statements for the year ended December 31, 2025 (company event notice).Narrative Update • Feb 06
BUACEMENT: Elevated Funding Costs Will Likely Keep Lofty Earnings Multiple Under Pressure
Analysts have lifted their fair value estimate for BUA Cement from ₦132.77 to ₦149.69, reflecting updated assumptions around the discount rate, long term revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value Estimate has been adjusted from ₦132.77 to ₦149.69 per share, implying a higher assessed worth for BUA Cement.Narrative Update • Jan 25
BUA Cement Plc – Sokoto Expansion Project Signals Regional Growth and Industrial Leadership
Author: Qudus Adebara (Research Analyst) Executive Summary BUA Cement Plc, in partnership with Sokoto Portland Limestone Cement, has signed an agreement with CBMI to construct a new 3-million-ton-per-annum ultra-modern cement line in Sokoto. The $240 million project, which includes a cement production line, power plant, and associated infrastructure, reflects BUA Cement’s commitment to meeting Nigeria’s growing demand for construction materials and supporting regional industrial expansion.Narrative Update • Jan 22
BUACEMENT: Elevated Funding Costs Will Likely Sustain Pressure On Future Profit Margins
Analysts have kept their fair value estimate for BUA Cement steady at ₦132.77, with only marginal tweaks to inputs such as the discount rate and future P/E assumptions. This reflects fine tuning rather than a material change in their overall view.Narrative Update • Jan 07
BUACEMENT: Elevated Funding Costs Will Likely Sustain Pressure On Future Profit Margins
Analysts have kept their fair value estimate for BUA Cement steady at ₦132.77 per share, with only marginal tweaks to inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation framework rather than a change in their broader view of the company.Narrative Update • Dec 15
BUACEMENT: Elevated Funding Costs Will Likely Pressure Future Profit Margins
Analysts have modestly raised their price target for BUA Cement, maintaining fair value at ₦132.77 while fine tuning key valuation inputs such as discount rate, revenue growth, profit margin, and future P E assumptions to reflect a slightly more constructive long term earnings outlook. What's in the News Board meeting scheduled for October 27, 2025, to review BUA Cement's unaudited financial statements for the quarter ended September 30, 2025 (2025 Q3 UFS) (Key Developments) Valuation Changes Fair Value: Unchanged at NGN 132.77 per share, indicating no revision to the core valuation anchor.Narrative Update • Nov 29
BUACEMENT: Rising Discount Rate Will Lead to Weaker Profit Margins Ahead
Analysts have revised their price target for BUA Cement to ₦132.77, citing a significant decrease in profit margin assumptions and a notable increase in projected future price-to-earnings multiples as key factors influencing this update. What's in the News A board meeting is scheduled for October 27, 2025, to consider BUA Cement's unaudited financial statements for Q3 2025 (Key Developments).Narrative Update • Nov 15
BUACEMENT: Future Net Profit Margin Growth Will Not Offset Revenue Weakness
Analysts have raised their price target for BUA Cement from ₦125.83 to ₦132.77. They cite expectations of significantly higher profit margins and a lower projected forward P/E ratio, despite slightly reduced revenue growth forecasts.Narrative Update • Nov 02
BUA Cement Plc Q2/H1 result– Strong Margin Resilience Amid Cost Pressures
BUA CEMENT PLC Q3 2025 RESULT: STRONG EARNINGS MOMENTUM UNDERPINNED BY ROBUST REVENUE GROWTH AND EXCHANGE GAINS Strategic Context BUA Cement Plc delivered an exceptional performance in the nine months ended September 30, 2025, underscoring its market leadership in the Nigerian cement industry and the resilience of its operational strategy amid a challenging macroeconomic environment. The company benefited from sustained infrastructure spending, continued expansion in domestic demand, and disciplined cost optimization.Narrative Update • Aug 29
Nigerian Capacity Expansion Will Unlock Potential Despite Cost Risks
Despite a reduction in consensus revenue growth forecasts, analysts have raised BUA Cement’s price target as the stock now commands a higher forward P/E, resulting in an increased fair value estimate from NGN116.51 to NGN125.82. What's in the News Board meeting scheduled to review unaudited half-year financial statements and discuss other business matters.New Narrative • Jul 26
Nigerian Capacity Expansion Will Unlock Potential Despite Cost Risks
Aggressive capacity expansion and heavy reliance on Nigeria heighten risk from local demand shocks, macro volatility, and political disruptions.Shareholder Returns
| BUACEMENT | NG Basic Materials | NG Market | |
|---|---|---|---|
| 7D | -10.0% | -6.0% | -3.0% |
| 1Y | 256.6% | 78.5% | 93.1% |
Return vs Industry: BUACEMENT exceeded the NG Basic Materials industry which returned 78.5% over the past year.
Return vs Market: BUACEMENT exceeded the NG Market which returned 93.1% over the past year.
Price Volatility
| BUACEMENT volatility | |
|---|---|
| BUACEMENT Average Weekly Movement | 7.6% |
| Basic Materials Industry Average Movement | 5.2% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in NG Market | 11.1% |
| 10% least volatile stocks in NG Market | 4.1% |
Stable Share Price: BUACEMENT has not had significant price volatility in the past 3 months compared to the NG market.
Volatility Over Time: BUACEMENT's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | 1,559 | Yusuf Binji | www.buacement.com |
BUA Cement Plc engages in the manufacture, sale and distribution of cement and related products under the BUA Cement brand in Nigeria and internationally. It offers bagged and bulk cement products. The company was incorporated in 2014 and is headquartered in Lagos, Nigeria.
BUA Cement Plc Fundamentals Summary
| BUACEMENT fundamental statistics | |
|---|---|
| Market cap | ₦11.52t |
| Earnings (TTM) | ₦451.29b |
| Revenue (TTM) | ₦1.24t |
25.5x
P/E Ratio9.3x
P/S RatioIs BUACEMENT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BUACEMENT income statement (TTM) | |
|---|---|
| Revenue | ₦1.24t |
| Cost of Revenue | ₦576.37b |
| Gross Profit | ₦667.24b |
| Other Expenses | ₦215.95b |
| Earnings | ₦451.29b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 13.33 |
| Gross Margin | 53.65% |
| Net Profit Margin | 36.29% |
| Debt/Equity Ratio | 59.1% |
How did BUACEMENT perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield75%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/29 08:43 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BUA Cement Plc is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adedayo Ayeni | Absa Bank Limited |
| null null | ARM Research |
| Samuel Ojerinde | Cordros Capital Ltd. |