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UNAC

Unacem CorpA BVL:UNACEMC1 Stock Report

Last Price

S/1.75

Market Cap

S/3.2b

7D

7.4%

1Y

19.9%

Updated

05 Oct, 2022

Data

Company Financials +
UNACEMC1 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance3/6
Financial Health3/6
Dividends2/6

UNACEMC1 Stock Overview

Unacem Corp S.A.A. produces and sells cement and clinker in Peru and internationally.

Unacem CorpA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Unacem CorpA
Historical stock prices
Current Share PriceS/1.75
52 Week HighS/2.64
52 Week LowS/1.45
Beta0.68
1 Month Change10.76%
3 Month Change14.38%
1 Year Change19.86%
3 Year Change-13.37%
5 Year Change-38.38%
Change since IPO79.52%

Recent News & Updates

Shareholder Returns

UNACEMC1PE Basic MaterialsPE Market
7D7.4%6.9%1.5%
1Y19.9%-26.8%11.5%

Return vs Industry: UNACEMC1 exceeded the PE Basic Materials industry which returned -30.1% over the past year.

Return vs Market: UNACEMC1 exceeded the PE Market which returned 10% over the past year.

Price Volatility

Is UNACEMC1's price volatile compared to industry and market?
UNACEMC1 volatility
UNACEMC1 Average Weekly Movement5.2%
Basic Materials Industry Average Movement4.9%
Market Average Movement4.2%
10% most volatile stocks in PE Market8.1%
10% least volatile stocks in PE Market0.4%

Stable Share Price: UNACEMC1 is not significantly more volatile than the rest of PE stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: UNACEMC1's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19165,870Pedro Lerner Patronhttps://www.unacem.com.pe

Unacem Corp S.A.A. produces and sells cement and clinker in Peru and internationally. It offers bagged cement under the Cemento Andino - Type I, Cemento Sol - Type I, Cemento Andino Forte - Type MH/R, Cemento Andino - Type V, Cemento Andino Ultra - Type HS, and Cemento Apu - Type GU brand names. The company also provides bulk cement, such as Portland cement Type I, IP, IPM, GU, V, and HS to suppliers of ready-mix concrete, hydroelectric plant builders, mining and oil companies, and miscellaneous construction companies, as well as companies that manufacture cement byproducts.

Unacem CorpA Fundamentals Summary

How do Unacem CorpA's earnings and revenue compare to its market cap?
UNACEMC1 fundamental statistics
Market CapS/3.16b
Earnings (TTM)S/485.04m
Revenue (TTM)S/5.59b

6.5x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UNACEMC1 income statement (TTM)
RevenueS/5.59b
Cost of RevenueS/3.94b
Gross ProfitS/1.65b
Other ExpensesS/1.16b
EarningsS/485.04m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin29.44%
Net Profit Margin8.68%
Debt/Equity Ratio67.1%

How did UNACEMC1 perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

49%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is UNACEMC1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 UNACEMC1?

Other financial metrics that can be useful for relative valuation.

UNACEMC1 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/Revenue1.2x
Enterprise Value/EBITDA4.5x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does UNACEMC1's PE Ratio compare to its peers?

UNACEMC1 PE Ratio vs Peers
The above table shows the PE ratio for UNACEMC1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.9x
CPACASC1 Cementos PacasmayoA
8.9x8.7%S/1.7b
CONCESI1 Consorcio Cementero del Sur
3.6xn/aS/936.2m
ETERNII1 Fábrica Peruana Eternit
2.7xn/aS/44.9m
NEXAPEC1 Nexa Resources PerúA
4.6xn/aS/2.8b
UNACEMC1 Unacem CorpA
6.5x8.9%S/3.2b

Price-To-Earnings vs Peers: UNACEMC1 is expensive based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (4.9x).


Price to Earnings Ratio vs Industry

How does UNACEMC1's PE Ratio compare vs other companies in the South American Basic Materials Industry?

Price-To-Earnings vs Industry: UNACEMC1 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the South American Basic Materials industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is UNACEMC1'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.

UNACEMC1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.5x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: UNACEMC1 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


Share Price vs Fair Value

What is the Fair Price of UNACEMC1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UNACEMC1 (PEN1.75) is trading below our estimate of fair value (PEN7.28)

Significantly Below Fair Value: UNACEMC1 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Unacem CorpA forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNACEMC1's forecast earnings growth (8.9% per year) is above the savings rate (7.7%).

Earnings vs Market: UNACEMC1's earnings (8.9% per year) are forecast to grow faster than the PE market (3.9% per year).

High Growth Earnings: UNACEMC1's earnings are forecast to grow, but not significantly.

Revenue vs Market: UNACEMC1's revenue (1.3% per year) is forecast to grow faster than the PE market (0.4% per year).

High Growth Revenue: UNACEMC1's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UNACEMC1's Return on Equity is forecast to be low in 3 years time (9.8%).


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Past Performance

How has Unacem CorpA performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UNACEMC1 has high quality earnings.

Growing Profit Margin: UNACEMC1's current net profit margins (8.7%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: UNACEMC1's earnings have grown significantly by 22.2% per year over the past 5 years.

Accelerating Growth: UNACEMC1's earnings growth over the past year (17.1%) is below its 5-year average (22.2% per year).

Earnings vs Industry: UNACEMC1 earnings growth over the past year (17.1%) exceeded the Basic Materials industry 7.5%.


Return on Equity

High ROE: UNACEMC1's Return on Equity (10.5%) is considered low.


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Financial Health

How is Unacem CorpA's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: UNACEMC1's short term assets (PEN1.9B) do not cover its short term liabilities (PEN1.9B).

Long Term Liabilities: UNACEMC1's short term assets (PEN1.9B) do not cover its long term liabilities (PEN3.7B).


Debt to Equity History and Analysis

Debt Level: UNACEMC1's net debt to equity ratio (60.6%) is considered high.

Reducing Debt: UNACEMC1's debt to equity ratio has reduced from 103.7% to 67.1% over the past 5 years.

Debt Coverage: UNACEMC1's debt is well covered by operating cash flow (25.7%).

Interest Coverage: UNACEMC1's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


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Dividend

What is Unacem CorpA current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.46%

Current Dividend Yield

Dividend Yield vs Market

Unacem CorpA Dividend Yield vs Market
How does Unacem CorpA dividend yield compare to the market?
SegmentDividend Yield
Company (Unacem CorpA)6.5%
Market Bottom 25% (PE)6.4%
Market Top 25% (PE)27.2%
Industry Average (Basic Materials)5.4%
Analyst forecast in 3 Years (Unacem CorpA)n/a

Notable Dividend: UNACEMC1's dividend (6.46%) isn’t notable compared to the bottom 25% of dividend payers in the PE market (6.55%).

High Dividend: UNACEMC1's dividend (6.46%) is low compared to the top 25% of dividend payers in the PE market (27.22%).


Stability and Growth of Payments

Stable Dividend: UNACEMC1 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: UNACEMC1's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (48.7%), UNACEMC1's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (36.3%), UNACEMC1's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Pedro Lerner Patron

2.25yrs

Tenure

Mr. Pedro Lerner Rizo Patron serves as Corporate General Manager at Unacem Corp S.A.A. (formerly known as Uni n Andina de Cementos S.A.A.) since July 01, 2020.


Leadership Team

Experienced Management: UNACEMC1's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: UNACEMC1's board of directors are seasoned and experienced ( 11.6 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

What is the ownership structure of UNACEMC1?
Owner TypeNumber of SharesOwnership Percentage
Institutions9,863,3010.5%
General Public1,795,691,31099.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 3 shareholders own 0.55% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.52%
BlackRock, Inc.
9,444,947PEN16.5m5.85%no data
0.022%
Northern Trust Global Investments
394,368PEN690.1k0%no data
0.0013%
BICE Inversiones Administradora General de Fondos S.A.
23,986PEN42.0k0%no data

Company Information

Unacem Corp S.A.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Unacem Corp S.A.A.
  • Ticker: UNACEMC1
  • Exchange: BVL
  • Founded: 1916
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: S/3.160b
  • Shares outstanding: 1.81b
  • Website: https://www.unacem.com.pe

Number of Employees


Location

  • Unacem Corp S.A.A.
  • Av. Atocongo 2440
  • Villa Maria del Triunfo
  • Lima
  • Lima
  • 35
  • Peru


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNACEMC1BVL (Bolsa de Valores de Lima)YesCommon SharesPEPENMay 1995

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.