Dangote Cement (DANGCEM) Stock Overview
Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 6/6 |
Rewards
Risk Analysis
No risks detected for DANGCEM from our risk checks.
DANGCEM Community Fair Values
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Analyst Price Targets
Materials opportunity
ST
Fair Value from
CA$5.0768.0% undervalued intrinsic discount
An Undervalued 3.3Moz Gold Project in Canada
Key takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.
Read full narrativeDangote Cement Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦1,088.00 |
| 52 Week High | ₦1,088.00 |
| 52 Week Low | ₦425.00 |
| Beta | 0.011 |
| 1 Month Change | 34.32% |
| 3 Month Change | 60.00% |
| 1 Year Change | 147.27% |
| 3 Year Change | 302.96% |
| 5 Year Change | 406.05% |
| Change since IPO | 786.52% |
Recent News & Updates
Narrative Update • May 06
Dangote Cement Plc Delivers Record FY 2025 Profit Growth Driven by Revenue Expansion and Improved Cost Efficiency
Analyst: Qudus Adebara (Research Analyst) Executive Summary Dangote Cement Plc delivered a strong FY 2025 performance, supported by significant revenue growth, improved operating efficiency, and reduced finance costs. Group revenue increased by 20% YoY to ₦4.31 trillion , driven by improved pricing and resilient demand across key markets.
Narrative Update • Apr 21
DANGCEM: Future P/E And Dividend Policy Will Support Fairly Valued Shares
Analysts have nudged their fair value estimate for Dangote Cement higher from NGN817.22 to NGN846.90, citing updated inputs for discount rate, revenue growth, profit margin and assumptions for the future price-to-earnings (P/E) ratio. What's in the News Board meeting scheduled for April 29, 2026, to review the unaudited financial statements for the quarter ending March 31, 2026, and other business matters (company event filing).Recent updates
Narrative Update • May 06
Dangote Cement Plc Delivers Record FY 2025 Profit Growth Driven by Revenue Expansion and Improved Cost Efficiency
Analyst: Qudus Adebara (Research Analyst) Executive Summary Dangote Cement Plc delivered a strong FY 2025 performance, supported by significant revenue growth, improved operating efficiency, and reduced finance costs. Group revenue increased by 20% YoY to ₦4.31 trillion , driven by improved pricing and resilient demand across key markets.Narrative Update • Apr 21
DANGCEM: Future P/E And Dividend Policy Will Support Fairly Valued Shares
Analysts have nudged their fair value estimate for Dangote Cement higher from NGN817.22 to NGN846.90, citing updated inputs for discount rate, revenue growth, profit margin and assumptions for the future price-to-earnings (P/E) ratio. What's in the News Board meeting scheduled for April 29, 2026, to review the unaudited financial statements for the quarter ending March 31, 2026, and other business matters (company event filing).
Narrative Update • Apr 07
DANGCEM: Rich Dividend Will Mask Near Term Overvaluation Risk
Analysts now set a revised NGN 692.35 price target for Dangote Cement, compared with the previous NGN 654.06. This reflects refreshed assumptions on discount rate, revenue growth, profit margin and future P/E that slightly adjust their longer term valuation outlook.Narrative Update • Mar 24
DANGCEM: Higher Future P/E And Dividend Outlook Will Shape Fairly Valued Shares
Analysts have raised their fair value estimate for Dangote Cement from NGN 693.01 to NGN 817.22, citing updated assumptions for the discount rate, revenue growth, profit margin, and a higher future P/E multiple. What's in the News An annual dividend of NGN 45.00 per share has been announced, payable on July 2, 2026, with an ex-dividend date of June 18, 2026 and a record date of June 17, 2026 (Key Developments) A board meeting is scheduled for February 26, 2026 to discuss various matters, including the audited financial statements for the year ending December 31, 2025 (2025 AFS) (Key Developments) Valuation Changes Fair Value: NGN 693.01 has been revised to NGN 817.22 per share, reflecting a higher estimated valuation level.
Narrative Update • Mar 09
DANGCEM: Lower Future P/E Assumptions Will Pressure Overstretched Share Price
Analysts have modestly trimmed their price target for Dangote Cement to NGN 641.25, reflecting slightly lower assumptions for revenue growth, profit margins, the discount rate and future P/E. What's in the News Dangote Cement Plc announced an annual dividend of NGN 45.00 per share, with a record date of June 17, 2026, an ex dividend date of June 18, 2026, and a payment date of July 2, 2026 (Key Developments).Narrative Update • Mar 04
Dangote Cement Plc Signs $1bn Expansion Deal with Sinoma International Engineering to Drive 80MTPA Target
Author: Qudus Adebara (DLM Securities, Research Analyst) Executive Summary Dangote Cement Plc has entered into a strategic agreement with Sinoma International Engineering for the construction of 12 new projects and expansion of existing facilities across Africa, with an estimated investment exceeding $1 billion. The projects form a critical component of the Dangote Group’s Vision 2030 , supporting the company’s ambition to scale cement production capacity to 80 million tonnes per annum (MTPA) by 2030 , while contributing to the Group’s broader $100 billion revenue target.Narrative Update • Mar 03
DANGOTE CEMENT PLC Q3 Result – Record Revenue and Profit Growth Reinforce Market Leadership Amid Cost Pressures
Analyst: Qudus Adebara Executive Summary Dangote Cement Plc delivered a robust performance for the nine months ended 30 September 2025, achieving new revenue and profit milestones despite persistent cost inflation, foreign exchange challenges, and energy price volatility. The Group’s revenue rose 23% year-on-year (YoY) to ₦3.15 trillion (9M 2024: ₦2.56 trillion), reflecting sustained domestic demand, price adjustments, and resilient export volumes.Narrative Update • Feb 23
DANGCEM: Lower Margin Outlook Will Likely Pressure Expensive Shares
Analysts have nudged their fair value estimate for Dangote Cement to NGN693.01 from NGN667.16, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled for February 26, 2026, to review and discuss the audited financial statements for the year ending December 31, 2025, along with other corporate matters (Key Developments).Narrative Update • Feb 11
Dangote Cement Plc – Strategic Expansion Outlook (Proposed Entry into Burundi)
Author: Qudus Adebara Dangote Cement Plc – Strategic Expansion Outlook (Proposed Entry into Burundi) Strengthening East African Footprint & Advancing Pan-African Cement Dominance Engagement Overview Following Aliko Dangote’s high-level visit to Burundi and discussions with President Évariste Ndayishimiye, one of the most strategically significant opportunities emerging from the engagement is the potential expansion of Dangote Cement Plc (Dangcem) into the Burundian market. While discussions covered multiple sectors, cement manufacturing stands out as the most immediately actionable and strategically aligned investment vertical for the Group.Narrative Update • Feb 08
DANGCEM: Future Margins And P/E Assumptions Will Shape Fair Valuation
Analysts have lifted their price target on Dangote Cement from ₦457.55 to ₦641.25, citing updated assumptions for revenue growth, profit margins and future P/E multiples as key drivers of the change. What's in the News A board meeting is scheduled for February 26, 2026 to review and discuss the audited financial statements for the year ending December 31, 2025, among other matters (company announcement).Narrative Update • Jan 25
DANGCEM: Stable Assumptions And 2025 Board Review Will Guide Outlook
Analysts have held their fair value estimate for Dangote Cement broadly steady at about ₦654.06 per share, explaining that only very small technical tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E justify keeping the target effectively unchanged. What's in the News The board plans to meet on Feb 26, 2026 to review various matters, including the audited financial statements for the year ending Dec 31, 2025.Narrative Update • Jan 10
DANGCEM: Steady Assumptions And Upcoming Board Meeting Will Shape Outlook
Analysts have made a minor upward adjustment to their price target for Dangote Cement to ₦654.06, reflecting slightly lower assumed discount rates and marginal tweaks to long term revenue growth, profit margin and future P/E inputs in their models. What's in the News A board meeting is scheduled for February 26, 2026, to discuss various matters, including the audited financial statements for the year ending December 31, 2025, which may offer more clarity on recent business performance and capital allocation priorities (company announcement).Narrative Update • Dec 23
DANGCEM: Higher Required Return Will Keep Margins And Earnings Outlook Steady
Narrative Update on Analyst Price Target Analysts have modestly raised their price target for Dangote Cement by ₦0.00 per share. This reflects slightly higher long term discount rate assumptions and a marginally richer future price to earnings multiple, while fair value, revenue growth, and profit margin forecasts remain essentially unchanged.Narrative Update • Dec 09
DANGCEM: Lower Discount Rate Will Support Stable Margins And Earnings Outlook
Analysts have nudged their price target on Dangote Cement slightly higher to N654.06 per share from N654.06 per share, citing marginal improvements in the company’s long term discount rate assumptions and sustained expectations for robust revenue growth and stable profit margins. What's in the News Board meeting scheduled for October 27, 2025 to review and discuss the unaudited financial statements for the quarter ending September 30, 2025, along with other strategic matters (company disclosure) Valuation Changes Fair Value: Unchanged at NGN 654.06 per share, indicating no revision to the core valuation estimate.Narrative Update • Nov 25
DANGCEM: Higher Discount Rate Will Drive Upward Momentum For Shares
Analysts have raised their fair value estimate for Dangote Cement from ₦591.95 to ₦654.06. They cited marginal improvements in revenue growth projections and an updated discount rate as factors supporting the upward adjustment.Narrative Update • Nov 15
Dangote Group – Zimbabwe Expansion Update (Dangote to Establish $1 Billion Integrated Cement Factory)
Author: Qudus Adebara Transaction Overview Dangote Group has signed a landmark $1 billion investment agreement with the Government of Zimbabwe to develop an integrated industrial complex , with the cement factory serving as the core component of the project. The investment marks Dangote’s official entry into the Zimbabwean cement market, aligning with the country’s Vision 2030 industrialization agenda under President Emmerson Mnangagwa.Narrative Update • Nov 05
DANGCEM: Profit Margin and Revenue Worries Signal Further Downside Ahead
Analysts have modestly reduced their price target for Dangote Cement to ₦591.95 per share, citing slightly lower revenue growth forecasts and profit margin expectations. What's in the News The board meeting is scheduled for October 27, 2025, to discuss various matters, including the unaudited financial statements for the quarter ending September 30, 2025 (Board Meeting notice).Narrative Update • Nov 02
Dangote Cement Plc Q2/H1 Result– Strong Fundamentals with Caution on Currency Risk
Dangote Cement Plc – Sustained Growth Momentum Drives Strong Q3 2025 Performance Amid Rising Cost Environment Executive Summary Dangote Cement Plc (DANGCEM) delivered another resilient performance in Q3 and 9M 2025, underscoring its operational strength, pricing discipline, and market leadership despite persistent cost pressures and foreign exchange volatility. The Group recorded robust topline expansion, improved profitability, and solid earnings growth across its Nigerian and Pan-African operations.Narrative Update • Oct 22
Analysts Lift Dangote Cement Price Target as Profit Margin Outlook Improves and Discount Rate Falls
Analysts have raised their price target for Dangote Cement from ₦575.05 to ₦591.95 per share, citing improved profit margin projections and a slightly lower discount rate as key factors behind the updated valuation. What's in the News An upcoming board meeting is scheduled for October 27, 2025.Narrative Update • Oct 17
Dangote Cement Plc Q2/H1 Result– Strong Fundamentals with Caution on Currency Risk
Dangote Cement Plc – Strategic Expansion in Côte d’Ivoire Strengthens Regional Footprint Event Summary: Dangote Cement Plc has commenced operations at its new 3 million metric tonne per annum cement plant in Attingué, Côte d’Ivoire , approximately 30 km from Abidjan. The ₦100 billion CFA franc investment (~$160 million) reinforces the company’s ongoing Pan-African expansion strategy, positioning Côte d’Ivoire as the 11th African country to host a Dangote Cement plant.Narrative Update • Oct 08
African Urbanization And Expansion Will Drive Enduring Cement Demand
Narrative Update on Dangote Cement: Analyst Price Target Revision Analysts have raised their fair value estimate for Dangote Cement from ₦549.85 to ₦575.05. This revision is due to minor adjustments to discount rate assumptions, while the outlook on revenue growth and profit margins remains stable.
New Narrative • Dec 12
New Ghana Plant And CNG-Powered Fleet To Drive Revenue Growth And Enhance Profit Margins Across Africa
Improving production efficiency and expanding in Ghana and Nigeria are key to revenue and market position growth across Africa.Shareholder Returns
| DANGCEM | NG Basic Materials | NG Market | |
|---|---|---|---|
| 7D | 12.2% | 5.9% | 1.0% |
| 1Y | 147.3% | 103.7% | 134.4% |
Return vs Industry: DANGCEM exceeded the NG Basic Materials industry which returned 103.7% over the past year.
Return vs Market: DANGCEM exceeded the NG Market which returned 134.4% over the past year.
Price Volatility
| DANGCEM volatility | |
|---|---|
| DANGCEM Average Weekly Movement | 6.1% |
| Basic Materials Industry Average Movement | 5.3% |
| Market Average Movement | 8.2% |
| 10% most volatile stocks in NG Market | 10.6% |
| 10% least volatile stocks in NG Market | 5.6% |
Stable Share Price: DANGCEM has not had significant price volatility in the past 3 months compared to the NG market.
Volatility Over Time: DANGCEM's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 21,418 | Arvind Pathak | www.dangotecement.com |
Dangote Cement Plc, together with its subsidiaries, engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria. The company is involved in manufacturing, bagging, grinding, distribution, and sale of cement; limestone mining; holding of other mining rights; selling and distribution of fuels; coal and power production activities; property investment activities; and manufacturing of ceramic products, as well as providing contracting services. It has operations in Nigeria, Ghana, South Africa, Ethiopia, Zambia, Tanzania, Senegal, Cameroon, Cote D'Ivoire, and Congo.
Dangote Cement Plc Fundamentals Summary
| DANGCEM fundamental statistics | |
|---|---|
| Market cap | ₦16.57t |
| Earnings (TTM) | ₦1.11t |
| Revenue (TTM) | ₦4.51t |
16.4x
P/E Ratio4.0x
P/S RatioIs DANGCEM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DANGCEM income statement (TTM) | |
|---|---|
| Revenue | ₦4.51t |
| Cost of Revenue | ₦1.64t |
| Gross Profit | ₦2.87t |
| Other Expenses | ₦1.75t |
| Earnings | ₦1.11t |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 66.54 |
| Gross Margin | 63.60% |
| Net Profit Margin | 24.72% |
| Debt/Equity Ratio | 44.3% |
How did DANGCEM perform over the long term?
See historical performance and comparisonDividends
4.1%
Current Dividend Yield67%
Payout RatioDoes DANGCEM pay a reliable dividends?
See DANGCEM dividend history and benchmarks| Dangote Cement dividend dates | |
|---|---|
| Ex Dividend Date | Jun 18 2026 |
| Dividend Pay Date | Jul 02 2026 |
| Days until Ex dividend | 40 days |
| Days until Dividend pay date | 54 days |
Does DANGCEM pay a reliable dividends?
See DANGCEM dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 18:42 |
| End of Day Share Price | 2026/05/08 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
Dangote Cement Plc is covered by 12 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 |
| Gari Chigwedere | Avior Capital Markets |