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3003

City CementSASE:3003 Stock Report

Market Cap

ر.س3.3b

7D

-0.7%

1Y

3.0%

Updated

25 Nov, 2021

Data

Company Financials +
3003 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

3003 Stock Overview

City Cement Company engages in the production and sale of cement in the Kingdom of Saudi Arabia.

Price History & Performance

Summary of all time highs, changes and price drops for City Cement
Historical stock prices
Current Share Priceر.س23.92
52 Week Highر.س31.80
52 Week Lowر.س22.76
Beta0.66
1 Month Change-0.33%
3 Month Change-17.38%
1 Year Change3.02%
3 Year Change86.32%
5 Year Change21.23%
Change since IPO0.57%

Recent News & Updates

Sep 19
City Cement Company (TADAWUL:3003) Shares Could Be 40% Below Their Intrinsic Value Estimate

City Cement Company (TADAWUL:3003) Shares Could Be 40% Below Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of City Cement Company ( TADAWUL:3003 ) by taking the...

Apr 08
A Look At The Intrinsic Value Of City Cement Company (TADAWUL:3003)

A Look At The Intrinsic Value Of City Cement Company (TADAWUL:3003)

In this article we are going to estimate the intrinsic value of City Cement Company ( TADAWUL:3003 ) by estimating the...

Shareholder Returns

3003SA Basic MaterialsSA Market
7D-0.7%-2.2%-3.2%
1Y3.0%4.6%7.8%

Return vs Industry: 3003 underperformed the SA Basic Materials industry which returned 4.6% over the past year.

Return vs Market: 3003 underperformed the SA Market which returned 7.8% over the past year.

Price Volatility

Is 3003's price volatile compared to industry and market?
3003 volatility
3003 Average Weekly Movement2.2%
Basic Materials Industry Average Movement2.4%
Market Average Movement3.4%
10% most volatile stocks in SA Market5.4%
10% least volatile stocks in SA Market2.1%

Stable Share Price: 3003 is less volatile than 75% of SA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 3003's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aBadr Al Abdullatifhttps://www.citycement.sa

City Cement Company engages in the production and sale of cement in the Kingdom of Saudi Arabia. It offers ordinary Portland cement for use in plastering, masonry, finishing, block and tiles manufacturing, reinforced concrete job, and cement pipes manufacturing applications; and sulfate resistant cement for use in dams and underground structures, marine and port structures, and sewage and water treatment plants. The company also provides environmental services and solutions in the waste treatment and recycling sector.

City Cement Fundamentals Summary

How do City Cement's earnings and revenue compare to its market cap?
3003 fundamental statistics
Market Capر.س3.35b
Earnings (TTM)ر.س211.05m
Revenue (TTM)ر.س555.01m

15.9x

P/E Ratio

6.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3003 income statement (TTM)
Revenueر.س555.01m
Cost of Revenueر.س308.71m
Gross Profitر.س246.30m
Expensesر.س35.25m
Earningsر.س211.05m

Dividends

2.1%

Current Dividend Yield

33%

Payout Ratio

Valuation

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

38.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3003 (SAR23.92) is trading below our estimate of fair value (SAR39.13)

Significantly Below Fair Value: 3003 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3003 is good value based on its PE Ratio (15.9x) compared to the SA Basic Materials industry average (19.9x).

PE vs Market: 3003 is good value based on its PE Ratio (15.9x) compared to the SA market (25.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3003's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3003's PB Ratio (1.8x) is in line with the SA Basic Materials industry average.


Future Growth

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

1.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 3003's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if 3003's earnings are forecast to grow faster than the SA market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3003's revenue (1.4% per year) is forecast to grow slower than the SA market (2.2% per year).

High Growth Revenue: 3003's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3003's Return on Equity is forecast to be low in 3 years time (10.7%).


Past Performance

How has City Cement performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3003 has high quality earnings.

Growing Profit Margin: 3003's current net profit margins (38%) are lower than last year (39.6%).


Past Earnings Growth Analysis

Earnings Trend: 3003's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: 3003's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3003 had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Basic Materials industry average (-16.9%).


Return on Equity

High ROE: 3003's Return on Equity (11.6%) is considered low.


Financial Health

How is City Cement's financial position?


Financial Position Analysis

Short Term Liabilities: 3003's short term assets (SAR514.2M) exceed its short term liabilities (SAR73.5M).

Long Term Liabilities: 3003's short term assets (SAR514.2M) exceed its long term liabilities (SAR28.6M).


Debt to Equity History and Analysis

Debt Level: 3003 is debt free.

Reducing Debt: 3003 had no debt 5 years ago.

Debt Coverage: 3003 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3003 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3003's dividend (2.09%) is higher than the bottom 25% of dividend payers in the SA market (1.61%).

High Dividend: 3003's dividend (2.09%) is low compared to the top 25% of dividend payers in the SA market (4.3%).


Stability and Growth of Payments

Stable Dividend: 3003 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3003 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.2%), 3003's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3003's dividends in 3 years are not forecast to be well covered by earnings (98.9% payout ratio).


Next Steps

Management

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

8.4yrs

Average board tenure


CEO

Badr Al Abdullatif

no data

Tenure

ر.س127,000

Compensation

Mr. Badr Ibn Omar Al Abdullatif serves as Deputy Chairman and Managing Director at City Cement Company and has been its Executive Director since June 19, 2013.


Board Members

Experienced Board: 3003's board of directors are considered experienced (8.4 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

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


Top Shareholders

Company Information

City Cement Company's employee growth, exchange listings and data sources


Key Information

  • Name: City Cement Company
  • Ticker: 3003
  • Exchange: SASE
  • Founded: 2005
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: ر.س3.349b
  • Shares outstanding: 140.00m
  • Website: https://www.citycement.sa

Location

  • City Cement Company
  • Prestige Center Building 4
  • Al Olaya
  • Riyadh
  • 11471
  • Saudi Arabia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/25 16:18
End of Day Share Price2021/11/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.