Najran Cement Company

SASE:3002 Stock Report

Market Cap: ر.س1.5b

Najran Cement Valuation

Is 3002 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3002 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
ر.س0.87
Fair Value
938.7% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: 3002 (SAR9.07) is trading above our estimate of fair value (SAR0.87)

Significantly Below Fair Value: 3002 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3002?

Key metric: As 3002 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3002. This is calculated by dividing 3002's market cap by their current earnings.
What is 3002's PE Ratio?
PE Ratio23.3x
Earningsر.س66.05m
Market Capر.س1.54b

Price to Earnings Ratio vs Peers

How does 3002's PE Ratio compare to its peers?

The above table shows the PE ratio for 3002 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Averagen/a

Price-To-Earnings vs Peers: 3002 is good value based on its Price-To-Earnings Ratio (23.3x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does 3002's PE Ratio compare vs other companies in the Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies0PE048121620
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3002 is expensive based on its Price-To-Earnings Ratio (23.3x) compared to the Asian Basic Materials industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3002'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.

3002 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.3x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: 3002 is good value based on its Price-To-Earnings Ratio (23.3x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

Analyst Price Targets

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

The above table shows the analyst 3002 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س9.07
ر.س9.80
+8.0%
2.0%ر.س10.00ر.س9.60n/a2
Jan ’26ر.س9.12
ر.س9.80
+7.5%
2.0%ر.س10.00ر.س9.60n/a2
Sep ’25ر.س9.07
ر.س10.75
+18.5%
2.3%ر.س11.00ر.س10.50n/a2
Aug ’25ر.س8.57
ر.س10.75
+25.4%
2.3%ر.س11.00ر.س10.50n/a2
Jul ’25ر.س9.09
ر.س10.75
+18.3%
2.3%ر.س11.00ر.س10.50n/a2
Jun ’25ر.س9.63
ر.س10.75
+11.6%
2.3%ر.س11.00ر.س10.50n/a2
May ’25ر.س9.97
ر.س10.75
+7.8%
2.3%ر.س11.00ر.س10.50n/a2
Apr ’25ر.س10.18
ر.س12.75
+25.2%
13.7%ر.س14.50ر.س11.00n/a2
Mar ’25ر.س10.36
ر.س12.75
+23.1%
13.7%ر.س14.50ر.س11.00n/a2
Feb ’25ر.س10.28
ر.س12.75
+24.0%
13.7%ر.س14.50ر.س11.00ر.س9.072
Jan ’25ر.س11.44
ر.س14.70
+28.5%
15.6%ر.س17.60ر.س12.00ر.س9.123
Dec ’24ر.س11.54
ر.س14.70
+27.4%
15.6%ر.س17.60ر.س12.00ر.س9.063
Nov ’24ر.س10.66
ر.س14.70
+37.9%
15.6%ر.س17.60ر.س12.00ر.س9.173
Oct ’24ر.س12.22
ر.س14.70
+20.3%
15.6%ر.س17.60ر.س12.00ر.س9.623
Sep ’24ر.س12.50
ر.س14.70
+17.6%
15.6%ر.س17.60ر.س12.00ر.س9.073
Aug ’24ر.س12.94
ر.س16.30
+26.0%
8.0%ر.س17.60ر.س15.00ر.س8.572
Jul ’24n/a
ر.س16.30
0%
8.0%ر.س17.60ر.س15.00ر.س9.092
Jun ’24ر.س13.92
ر.س14.80
+6.3%
1.9%ر.س15.00ر.س14.40ر.س9.633
May ’24ر.س14.70
ر.س14.80
+0.7%
1.9%ر.س15.00ر.س14.40ر.س9.973
Apr ’24ر.س12.96
ر.س14.80
+14.2%
1.9%ر.س15.00ر.س14.40ر.س10.183
Mar ’24ر.س12.32
ر.س14.80
+20.1%
1.9%ر.س15.00ر.س14.40ر.س10.363
Feb ’24ر.س12.66
ر.س14.80
+16.9%
1.9%ر.س15.00ر.س14.40ر.س10.283
Analyst Price Target
Consensus Narrative from 2 Analysts
ر.س9.80
Fair Value
7.4% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 11:52
End of Day Share Price 2025/01/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Najran Cement Company is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mazen Al-SudairiAl Rajhi Capital
Mohamad HaidarArqaam Capital Research Offshore S.A.L.
Nishit LakhotiaSICO