| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 6/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
DANGCEM Overview
Dangote Cement Plc, together with its subsidiaries, engages in the preparation, manufacture, and distribution of cement and related products in Nigeria.
Dangote Cement Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦280.00 |
| 52 Week High | ₦151.20 |
| 52 Week Low | ₦280.00 |
| Beta | 0.45 |
| 1 Month Change | 14.29% |
| 3 Month Change | 12.90% |
| 1 Year Change | 84.21% |
| 3 Year Change | 31.77% |
| 5 Year Change | 60.00% |
| Change since IPO | 128.15% |
Recent News & Updates
Shareholder Returns
| DANGCEM | NG Basic Materials | NG Market | |
|---|---|---|---|
| 7D | 0% | 1.2% | 0.7% |
| 1Y | 84.2% | 66.3% | 40.9% |
Return vs Industry: DANGCEM exceeded the NG Basic Materials industry which returned 66.3% over the past year.
Return vs Market: DANGCEM exceeded the NG Market which returned 40.9% over the past year.
Price Volatility
| DANGCEM volatility | |
|---|---|
| DANGCEM Beta | 0.45 |
| Industry Beta | 0.51 |
| Market Beta | 1 |
Stable Share Price: DANGCEM is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: DANGCEM's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 16,199 | Michel Puchercos | https://www.dangotecement.com |
Dangote Cement Plc, together with its subsidiaries, engages in the preparation, manufacture, and distribution of cement and related products in Nigeria. It operates in two segments, Nigeria and Pan Africa. The company is involved in bagging, distribution, and sale of cement; cement grinding; limestone mining; coal and power production; and manufacture of ceramic products, as well as providing contracting services.
Dangote Cement Fundamentals Summary
| DANGCEM fundamental statistics | |
|---|---|
| Market Cap | ₦4.76t |
| Earnings (TTM) | ₦338.73b |
| Revenue (TTM) | ₦1.25t |
14.1x
P/E Ratio3.8x
P/S RatioIs DANGCEM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DANGCEM income statement (TTM) | |
|---|---|
| Revenue | ₦1.25t |
| Cost of Revenue | ₦512.91b |
| Gross Profit | ₦734.98b |
| Expenses | ₦396.25b |
| Earnings | ₦338.73b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 29, 2021
| Earnings per share (EPS) | 19.93 |
| Gross Margin | 58.90% |
| Net Profit Margin | 27.14% |
| Debt/Equity Ratio | 69.6% |
How did DANGCEM perform over the long term?
See historical performance and comparisonDividends
5.7%
Current Dividend Yield80%
Payout RatioValuation
Is Dangote Cement undervalued compared to its fair value and its price relative to the market?
14.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DANGCEM (NGN280) is trading above our estimate of fair value (NGN272.93)
Significantly Below Fair Value: DANGCEM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DANGCEM is poor value based on its PE Ratio (14.1x) compared to the African Basic Materials industry average (12.1x).
PE vs Market: DANGCEM is poor value based on its PE Ratio (14.1x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: DANGCEM is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: DANGCEM is overvalued based on its PB Ratio (6x) compared to the XF Basic Materials industry average (2.4x).
Future Growth
How is Dangote Cement forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
4.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DANGCEM's forecast earnings growth (4.5% per year) is below the savings rate (13.2%).
Earnings vs Market: DANGCEM's earnings (4.5% per year) are forecast to grow slower than the NG market (15.4% per year).
High Growth Earnings: DANGCEM's earnings are forecast to grow, but not significantly.
Revenue vs Market: DANGCEM's revenue (6% per year) is forecast to grow slower than the NG market (10.4% per year).
High Growth Revenue: DANGCEM's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DANGCEM's Return on Equity is forecast to be high in 3 years time (36%)
Past Performance
How has Dangote Cement performed over the past 5 years?
13.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DANGCEM has high quality earnings.
Growing Profit Margin: DANGCEM's current net profit margins (27.1%) are higher than last year (23.1%).
Past Earnings Growth Analysis
Earnings Trend: DANGCEM's earnings have grown by 13.6% per year over the past 5 years.
Accelerating Growth: DANGCEM's earnings growth over the past year (62.6%) exceeds its 5-year average (13.6% per year).
Earnings vs Industry: DANGCEM earnings growth over the past year (62.6%) exceeded the Basic Materials industry 44.8%.
Return on Equity
High ROE: DANGCEM's Return on Equity (42.4%) is considered outstanding.
Financial Health
How is Dangote Cement's financial position?
Financial Position Analysis
Short Term Liabilities: DANGCEM's short term assets (NGN615.8B) do not cover its short term liabilities (NGN923.7B).
Long Term Liabilities: DANGCEM's short term assets (NGN615.8B) exceed its long term liabilities (NGN346.0B).
Debt to Equity History and Analysis
Debt Level: DANGCEM's debt to equity ratio (69.6%) is considered high.
Reducing Debt: DANGCEM's debt to equity ratio has increased from 51.3% to 69.6% over the past 5 years.
Debt Coverage: DANGCEM's debt is well covered by operating cash flow (99.7%).
Interest Coverage: DANGCEM's interest payments on its debt are well covered by EBIT (16.7x coverage).
Balance Sheet
Dividend
What is Dangote Cement current dividend yield, its reliability and sustainability?
5.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DANGCEM's dividend (5.71%) is higher than the bottom 25% of dividend payers in the NG market (3.33%).
High Dividend: DANGCEM's dividend (5.71%) is low compared to the top 25% of dividend payers in the NG market (7.34%).
Stability and Growth of Payments
Stable Dividend: DANGCEM's dividend payments have been volatile in the past 10 years.
Growing Dividend: DANGCEM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.4%), DANGCEM's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DANGCEM's dividends in 3 years are forecast to be covered by earnings (86.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Michel Puchercos (64 yo)
1.67yrs
Tenure
Mr. Michel Puchercos served as Chief Executive Officer, Group Managing Director and Director of Lafarge Africa Plc until January 17, 2020. Mr. Puchercos serves as Group Managing Director, Chief Executive O...
Leadership Team
Experienced Management: DANGCEM's management team is considered experienced (2.6 years average tenure).
Board Members
Experienced Board: DANGCEM's board of directors are considered experienced (7.8 years average tenure).
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
Dangote Cement Plc's employee growth, exchange listings and data sources
Key Information
- Name: Dangote Cement Plc
- Ticker: DANGCEM
- Exchange: NGSE
- Founded: 1992
- Industry: Construction Materials
- Sector: Materials
- Market Cap: ₦4.760t
- Shares outstanding: 17.00b
- Website: https://www.dangotecement.com
Number of Employees
Location
- Dangote Cement Plc
- Union Marble House
- 1 Alfred Rewane Road
- Lagos
- Nigeria
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 21:41 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.