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QNCD

Qatar National Cement Company (Q.P.S.C.) DSM:QNCD Stock Report

Last Price

ر.ق5.01

Market Cap

ر.ق3.3b

7D

-0.3%

1Y

-0.6%

Updated

05 Jul, 2022

Data

Company Financials
QNCD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

QNCD Stock Overview

Qatar National Cement Company (Q.P.S.C.) manufactures and sells cement, washed sand, and other by-products in Qatar.

Qatar National Cement Company (Q.P.S.C.) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Qatar National Cement Company (Q.P.S.C.)
Historical stock prices
Current Share Priceر.ق5.01
52 Week Highر.ق6.77
52 Week Lowر.ق4.88
Beta0.63
1 Month Change0.16%
3 Month Change-2.98%
1 Year Change-0.56%
3 Year Change-22.31%
5 Year Change-25.21%
Change since IPO258.23%

Recent News & Updates

Feb 03
Qatar National Cement Company (Q.P.S.C.) (DSM:QNCD) Will Pay A Larger Dividend Than Last Year At ر.ق0.30

Qatar National Cement Company (Q.P.S.C.) (DSM:QNCD) Will Pay A Larger Dividend Than Last Year At ر.ق0.30

The board of Qatar National Cement Company (Q.P.S.C.) ( DSM:QNCD ) has announced that it will be increasing its...

Shareholder Returns

QNCDQA Basic MaterialsQA Market
7D-0.3%1.3%0.2%
1Y-0.6%-10.7%9.0%

Return vs Industry: QNCD exceeded the QA Basic Materials industry which returned -10.7% over the past year.

Return vs Market: QNCD underperformed the QA Market which returned 9% over the past year.

Price Volatility

Is QNCD's price volatile compared to industry and market?
QNCD volatility
QNCD Average Weekly Movement2.7%
Basic Materials Industry Average Movement5.2%
Market Average Movement4.5%
10% most volatile stocks in QA Market6.4%
10% least volatile stocks in QA Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
1965n/aEssa Mohammed A M Kaldarihttps://www.qatarcement.com

Qatar National Cement Company (Q.P.S.C.) manufactures and sells cement, washed sand, and other by-products in Qatar. It offers ordinary Portland cement, sulphate resistant cement, hydrated and calcined lime, Portland pulverized fuel ash cement, and calcium carbonate. The company was founded in 1965 and is headquartered in Doha, Qatar.

Qatar National Cement Company (Q.P.S.C.) Fundamentals Summary

How do Qatar National Cement Company (Q.P.S.C.)'s earnings and revenue compare to its market cap?
QNCD fundamental statistics
Market Capر.ق3.27b
Earnings (TTM)ر.ق231.47m
Revenue (TTM)ر.ق803.42m

14.1x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QNCD income statement (TTM)
Revenueر.ق803.42m
Cost of Revenueر.ق541.60m
Gross Profitر.ق261.82m
Other Expensesر.ق30.35m
Earningsر.ق231.47m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.35
Gross Margin32.59%
Net Profit Margin28.81%
Debt/Equity Ratio0.0%

How did QNCD perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

85%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is QNCD 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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QNCD?

Other financial metrics that can be useful for relative valuation.

QNCD 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/Revenue3.3x
Enterprise Value/EBITDA7.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

QNCD PE Ratio vs Peers
The above table shows the PE ratio for QNCD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.6x
QIGD Qatari Investors Group Q.S.C
10.6xn/aر.ق2.5b
QAMC Qatar Aluminium Manufacturing Company Q.P.S.C
9.6x-12.1%ر.ق9.1b
SMCB Solusi Bangun Indonesia
18.8xn/aRp14.0t
003037 Guangdong Sanhe Pile
119.7xn/aCN¥6.0b
QNCD Qatar National Cement Company (Q.P.S.C.)
14.1xn/aر.ق3.3b

Price-To-Earnings vs Peers: QNCD is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (39.6x).


Price to Earnings Ratio vs Industry

How does QNCD's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

Price-To-Earnings vs Industry: QNCD is good value based on its Price-To-Earnings Ratio (14.1x) compared to the Asian Basic Materials industry average (15.2x)


Price to Earnings Ratio vs Fair Ratio

What is QNCD'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.

QNCD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate QNCD's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: QNCD (QAR5.01) is trading below our estimate of fair value (QAR21.89)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Qatar National Cement Company (Q.P.S.C.) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.7%

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 Qatar National Cement Company (Q.P.S.C.) 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.


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  • Examine whether Qatar National Cement Company (Q.P.S.C.) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Qatar National Cement Company (Q.P.S.C.) performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-18.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QNCD has high quality earnings.

Growing Profit Margin: QNCD's current net profit margins (28.8%) are higher than last year (22.7%).


Past Earnings Growth Analysis

Earnings Trend: QNCD's earnings have declined by 18.6% per year over the past 5 years.

Accelerating Growth: QNCD's earnings growth over the past year (40.8%) exceeds its 5-year average (-18.6% per year).

Earnings vs Industry: QNCD earnings growth over the past year (40.8%) exceeded the Basic Materials industry -1.8%.


Return on Equity

High ROE: QNCD's Return on Equity (7.9%) is considered low.


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Financial Health

How is Qatar National Cement Company (Q.P.S.C.)'s financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: QNCD's short term assets (QAR1.3B) exceed its short term liabilities (QAR224.0M).

Long Term Liabilities: QNCD's short term assets (QAR1.3B) exceed its long term liabilities (QAR147.1M).


Debt to Equity History and Analysis

Debt Level: QNCD is debt free.

Reducing Debt: QNCD has no debt compared to 5 years ago when its debt to equity ratio was 11.2%.

Debt Coverage: QNCD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: QNCD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Qatar National Cement Company (Q.P.S.C.) current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QNCD's dividend (5.99%) is higher than the bottom 25% of dividend payers in the QA market (2.95%).

High Dividend: QNCD's dividend (5.99%) is in the top 25% of dividend payers in the QA market (4.45%)


Stability and Growth of Payments

Stable Dividend: QNCD's dividend payments have been volatile in the past 10 years.

Growing Dividend: QNCD's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (84.7%), QNCD's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (38.1%), QNCD'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?

2.5yrs

Average board tenure


CEO

Essa Mohammed A M Kaldari

0.50

Tenure

Mr. Essa Mohammed Ali A M Kaldari serves as Chief Executive Director and Director at Qatar National Cement Company (Q.P.S.C.) since 2022.


Board Members

Experienced Board: QNCD's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

Qatar National Cement Company (Q.P.S.C.)'s employee growth, exchange listings and data sources


Key Information

  • Name: Qatar National Cement Company (Q.P.S.C.)
  • Ticker: QNCD
  • Exchange: DSM
  • Founded: 1965
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: ر.ق3.275b
  • Shares outstanding: 653.53m
  • Website: https://www.qatarcement.com

Location

  • Qatar National Cement Company (Q.P.S.C.)
  • West Corner Centre
  • 1st Floor
  • Doha
  • Qatar

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/05 00:00
Earnings2022/03/31
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.