Pioneer Cement Limited produces and sells cement in Pakistan and Afghanistan.
Price History & Performance
|Historical stock prices|
|Current Share Price||PK₨95.09|
|52 Week High||PK₨82.50|
|52 Week Low||PK₨146.13|
|1 Month Change||-23.13%|
|3 Month Change||-26.54%|
|1 Year Change||-3.22%|
|3 Year Change||121.40%|
|5 Year Change||-10.22%|
|Change since IPO||456.55%|
Recent News & Updates
|PIOC||PK Basic Materials||PK Market|
Return vs Industry: PIOC matched the PK Basic Materials industry which returned -2.2% over the past year.
Return vs Market: PIOC underperformed the PK Market which returned -1.7% over the past year.
Stable Share Price: PIOC is not significantly more volatile than the rest of PK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PIOC's weekly volatility (5%) has been stable over the past year.
About the Company
Pioneer Cement Limited produces and sells cement in Pakistan and Afghanistan. It offers ordinary Portland cement and sulphate resistant cement. The company also exports its products.
Pioneer Cement Fundamentals Summary
|PIOC fundamental statistics|
Is PIOC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PIOC income statement (TTM)|
|Cost of Revenue||PK₨13.32b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||7.08|
|Net Profit Margin||10.07%|
How did PIOC perform over the long term?See historical performance and comparison
Is Pioneer Cement undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PIOC (PKR95.09) is trading below our estimate of fair value (PKR170.4)
Significantly Below Fair Value: PIOC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PIOC is poor value based on its PE Ratio (13.4x) compared to the PK Basic Materials industry average (9.5x).
PE vs Market: PIOC is poor value based on its PE Ratio (13.4x) compared to the PK market (8.6x).
Price to Earnings Growth Ratio
PEG Ratio: PIOC is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: PIOC is overvalued based on its PB Ratio (1.5x) compared to the PK Basic Materials industry average (1x).
How is Pioneer Cement forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PIOC's forecast earnings growth (28.5% per year) is above the savings rate (9.8%).
Earnings vs Market: PIOC's earnings (28.5% per year) are forecast to grow faster than the PK market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PIOC's revenue (18.2% per year) is forecast to grow faster than the PK market (10.3% per year).
High Growth Revenue: PIOC's revenue (18.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PIOC's Return on Equity is forecast to be high in 3 years time (27.9%)
How has Pioneer Cement performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIOC has high quality earnings.
Growing Profit Margin: PIOC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PIOC's earnings have declined by 39.8% per year over the past 5 years.
Accelerating Growth: PIOC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PIOC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (28.3%).
Return on Equity
High ROE: PIOC's Return on Equity (11.1%) is considered low.
How is Pioneer Cement's financial position?
Financial Position Analysis
Short Term Liabilities: PIOC's short term assets (PKR7.7B) do not cover its short term liabilities (PKR15.6B).
Long Term Liabilities: PIOC's short term assets (PKR7.7B) do not cover its long term liabilities (PKR20.9B).
Debt to Equity History and Analysis
Debt Level: PIOC's debt to equity ratio (188.2%) is considered high.
Reducing Debt: PIOC's debt to equity ratio has increased from 0.08% to 188.2% over the past 5 years.
Debt Coverage: PIOC's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: PIOC's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Pioneer Cement current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PIOC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PIOC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PIOC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PIOC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PIOC is not paying a notable dividend for the PK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PIOC's dividend in 3 years as they are not forecast to pay a notable one for the PK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Syed Mazher Iqbal has been Chief Executive Officer at Pioneer Cement Limited since June 1, 2021. He serves as Chief Executive Officer at Haleeb Foods Limited since April 2020. Mr. Iqbal was an Advisor...
Experienced Management: PIOC's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Experienced Board: PIOC's board of directors are considered experienced (3.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pioneer Cement Limited's employee growth, exchange listings and data sources
- Name: Pioneer Cement Limited
- Ticker: PIOC
- Exchange: KASE
- Founded: 1986
- Industry: Construction Materials
- Sector: Materials
- Market Cap: PK₨21.600b
- Shares outstanding: 227.15m
- Website: https://www.pioneercement.com
Number of Employees
- Pioneer Cement Limited
- 135-Ferozepur Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 15:54|
|End of Day Share Price||2021/09/23 00:00|
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.