We’ve recently updated our valuation analysis.

BUA Cement Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 BUACEMENT?

Other financial metrics that can be useful for relative valuation.

BUACEMENT 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/Revenue10.7x
Enterprise Value/EBITDA24.5x
PEG Ratio2.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BUACEMENT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.8x
DANGCEM Dangote Cement
15.3x7.2%₦4.5t
WAPCO Lafarge Africa
7.3x11.2%₦396.3b
600176 China Jushi
8.2x3.9%CN¥59.0b
CEMEX CPO CEMEX. de
8.4x5.8%Mex$144.0b
BUACEMENT BUA Cement
34.3x12.3%₦3.4t

Price-To-Earnings vs Peers: BUACEMENT is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.2%
n/an/an/a

Price-To-Earnings vs Industry: BUACEMENT is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the Global Basic Materials industry average (14.6x)


Price to Earnings Ratio vs Fair Ratio

What is BUACEMENT'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.

BUACEMENT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.3x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: BUACEMENT is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the estimated Fair Price-To-Earnings Ratio (17x).


Share Price vs Fair Value

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

Below Fair Value: BUACEMENT (NGN99.45) is trading above our estimate of fair value (NGN35.12)

Significantly Below Fair Value: BUACEMENT is trading above our estimate of fair value.


Analyst Price Targets

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

The above table shows the analyst BUACEMENT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₦99.45
₦30.45
-69.4%
1.5%₦30.90₦30.00n/a2
Jan ’24₦97.75
₦33.95
-65.3%
9.0%₦37.00₦30.90n/a2
Dec ’23₦77.00
₦33.95
-55.9%
9.0%₦37.00₦30.90n/a2
Nov ’23₦72.00
₦33.95
-52.8%
9.0%₦37.00₦30.90n/a2
Oct ’23₦52.00
₦46.24
-11.1%
38.0%₦70.83₦30.90n/a3
Sep ’23₦53.40
₦43.91
-17.8%
43.4%₦70.83₦30.00n/a3
Aug ’23₦62.40
₦42.81
-31.4%
46.3%₦70.83₦27.60n/a3
Jul ’23₦71.90
₦50.42
-29.9%
40.5%₦70.83₦30.00n/a2
Jun ’23₦74.25
₦50.42
-32.1%
40.5%₦70.83₦30.00n/a2
May ’23₦68.65
₦50.42
-26.6%
40.5%₦70.83₦30.00n/a2
Apr ’23₦70.75
₦50.42
-28.7%
40.5%₦70.83₦30.00n/a2
Mar ’23₦70.75
₦50.24
-29.0%
40.3%₦70.48₦30.00n/a2
Feb ’23₦70.75
₦42.69
-39.7%
46.1%₦70.48₦27.60n/a3
Jan ’23₦67.05
₦42.90
-36.0%
40.2%₦70.48₦27.60₦97.754
Dec ’22₦74.50
₦42.90
-42.4%
40.2%₦70.48₦27.60₦77.004
Nov ’22₦72.00
₦42.90
-40.4%
40.2%₦70.48₦27.60₦72.004
Oct ’22₦66.00
₦42.90
-35.0%
40.2%₦70.48₦27.60₦52.004
Sep ’22₦68.00
₦41.65
-38.8%
44.1%₦70.48₦24.00₦53.404
Aug ’22₦68.00
₦41.92
-38.4%
44.8%₦71.57₦24.00₦62.404
Jul ’22₦71.50
₦41.92
-41.4%
44.8%₦71.57₦24.00₦71.904
Jun ’22₦74.00
₦41.92
-43.4%
44.8%₦71.57₦24.00₦74.254
May ’22₦77.90
₦44.12
-43.4%
51.1%₦71.57₦16.30₦68.653
Apr ’22₦73.50
₦29.17
-60.3%
44.1%₦42.03₦16.30₦70.752
Mar ’22₦74.75
₦29.17
-61.0%
44.1%₦42.03₦16.30₦70.752
Feb ’22₦79.00
₦29.17
-63.1%
44.1%₦42.03₦16.30₦70.752
Jan ’22₦77.35
₦29.17
-62.3%
44.1%₦42.03₦16.30₦67.052

Analyst Forecast: Target price is lower than the current share price.


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