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Bestway Cement KASE:BWCL Stock Report

Last Price


Market Cap







23 May, 2022


Company Financials
BWCL fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health3/6

BWCL Stock Overview

Bestway Cement Limited produces and sells cement in Pakistan.

Bestway Cement Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Bestway Cement
Historical stock prices
Current Share PricePK₨133.50
52 Week HighPK₨175.45
52 Week LowPK₨127.49
1 Month Change-7.13%
3 Month Change-9.18%
1 Year Change-14.72%
3 Year Change22.48%
5 Year Change-48.05%
Change since IPO1,694.83%

Recent News & Updates

Shareholder Returns

BWCLPK Basic MaterialsPK Market

Return vs Industry: BWCL exceeded the PK Basic Materials industry which returned -38.1% over the past year.

Return vs Market: BWCL underperformed the PK Market which returned -12.1% over the past year.

Price Volatility

Is BWCL's price volatile compared to industry and market?
BWCL volatility
BWCL Average Weekly Movement3.0%
Basic Materials Industry Average Movement6.1%
Market Average Movement5.7%
10% most volatile stocks in PK Market8.9%
10% least volatile stocks in PK Market3.4%

Stable Share Price: BWCL is less volatile than 75% of PK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BWCL's weekly volatility (3%) has been stable over the past year.

About the Company

19931,537Zameer Choudrey

Bestway Cement Limited produces and sells cement in Pakistan. The company offers ordinary Portland, all purpose, early setting, sulphate resistant, and low alkali and low heat cements, as well as clinker. It also exports its products to Afghanistan and India.

Bestway Cement Fundamentals Summary

How do Bestway Cement's earnings and revenue compare to its market cap?
BWCL fundamental statistics
Market CapPK₨79.60b
Earnings (TTM)PK₨13.67b
Revenue (TTM)PK₨66.27b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BWCL income statement (TTM)
Cost of RevenuePK₨45.45b
Gross ProfitPK₨20.82b
Other ExpensesPK₨7.15b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)22.92
Gross Margin31.42%
Net Profit Margin20.62%
Debt/Equity Ratio42.5%

How did BWCL perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Bestway Cement undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BWCL (PKR133.5) is trading above our estimate of fair value (PKR120.28)

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

Price To Earnings Ratio

PE vs Industry: BWCL's PE Ratio (5.8x) is in line with the PK Basic Materials industry average.

PE vs Market: BWCL is poor value based on its PE Ratio (5.8x) compared to the PK market (5.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BWCL's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BWCL is overvalued based on its PB Ratio (1.3x) compared to the PK Basic Materials industry average (0.8x).

Future Growth

How is Bestway Cement forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bestway Cement has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Bestway Cement performed over the past 5 years?

Past Performance Score


Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BWCL has a high level of non-cash earnings.

Growing Profit Margin: BWCL's current net profit margins (20.6%) are higher than last year (16.6%).

Past Earnings Growth Analysis

Earnings Trend: BWCL's earnings have declined by 10.2% per year over the past 5 years.

Accelerating Growth: BWCL's earnings growth over the past year (63.8%) exceeds its 5-year average (-10.2% per year).

Earnings vs Industry: BWCL earnings growth over the past year (63.8%) underperformed the Basic Materials industry 66.4%.

Return on Equity

High ROE: BWCL's Return on Equity (21.6%) is considered high.

Financial Health

How is Bestway Cement's financial position?

Financial Health Score


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: BWCL's short term assets (PKR23.3B) do not cover its short term liabilities (PKR27.8B).

Long Term Liabilities: BWCL's short term assets (PKR23.3B) do not cover its long term liabilities (PKR29.2B).

Debt to Equity History and Analysis

Debt Level: BWCL's net debt to equity ratio (38.1%) is considered satisfactory.

Reducing Debt: BWCL's debt to equity ratio has increased from 25.5% to 42.5% over the past 5 years.

Debt Coverage: BWCL's debt is well covered by operating cash flow (55.8%).

Interest Coverage: BWCL's interest payments on its debt are well covered by EBIT (17.9x coverage).

Balance Sheet


What is Bestway Cement current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BWCL's dividend (11.99%) is higher than the bottom 25% of dividend payers in the PK market (3.71%).

High Dividend: BWCL's dividend (11.99%) is in the top 25% of dividend payers in the PK market (10.85%)

Stability and Growth of Payments

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

Growing Dividend: BWCL's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (69.8%), BWCL's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: BWCL is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies


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


Average management tenure


Zameer Choudrey

no data




Lord Zameer Mohammed Choudrey, CBE, SI PK, FCA has been the Chief Executive and Executive Director of Pakcem Limited (formerly Lafarge Pakistan Cement Limited) since April 22, 2015. Mr. Choudrey serves as...

Leadership Team

Experienced Management: BWCL's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


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

Bestway Cement Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Bestway Cement Limited
  • Ticker: BWCL
  • Exchange: KASE
  • Founded: 1993
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: PK₨79.600b
  • Shares outstanding: 596.25m
  • Website:

Number of Employees


  • Bestway Cement Limited
  • Bestway Building
  • 19-A, College Road
  • Islamabad
  • 44000
  • Pakistan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Annual Earnings2021/06/30

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.