City Cement Company

SASE:3003 Stock Report

Market Cap: ر.س2.5b

City Cement Valuation

Is 3003 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 3003 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3003 (SAR17.64) is trading below our estimate of fair value (SAR34.78)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3003?

Key metric: As 3003 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3003. This is calculated by dividing 3003's market cap by their current earnings.
What is 3003's PE Ratio?
PE Ratio19.2x
Earningsر.س128.73m
Market Capر.س2.47b

Price to Earnings Ratio vs Peers

How does 3003's PE Ratio compare to its peers?

The above table shows the PE ratio for 3003 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.8x
3010 Arabian Cement
16.1x6.6%ر.س2.6b
3060 Yanbu Cement
25x25.8%ر.س3.7b
3002 Najran Cement
23.8xn/aر.س1.6b
3092 Riyadh Cement
14.3x-6.9%ر.س3.9b
3003 City Cement
19.2x10.6%ر.س2.5b

Price-To-Earnings vs Peers: 3003 is good value based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (19.8x).

Price to Earnings Ratio vs Industry

How does 3003's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
3003 19.2xIndustry Avg. 17.3xNo. of Companies40PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3003 is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the Asian Basic Materials industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is 3003'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.

3003 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.2x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: 3003 is good value based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 3003 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س17.64
ر.س20.78
+17.8%
11.5%ر.س24.60ر.س18.00n/a4
Nov ’25ر.س17.58
ر.س20.78
+18.2%
11.5%ر.س24.60ر.س18.00n/a4
Oct ’25ر.س17.66
ر.س22.53
+27.5%
13.8%ر.س26.50ر.س19.00n/a4
Sep ’25ر.س17.86
ر.س22.53
+26.1%
13.8%ر.س26.50ر.س19.00n/a4
Aug ’25ر.س18.12
ر.س22.53
+24.3%
13.8%ر.س26.50ر.س19.00n/a4
Jul ’25ر.س19.62
ر.س22.42
+14.3%
12.5%ر.س26.50ر.س19.00n/a5
Jun ’25ر.س18.36
ر.س22.42
+22.1%
12.5%ر.س26.50ر.س19.00n/a5
May ’25ر.س20.32
ر.س21.74
+7.0%
11.9%ر.س26.50ر.س19.00n/a5
Apr ’25ر.س20.70
ر.س23.23
+12.2%
10.0%ر.س26.50ر.س21.20n/a3
Mar ’25ر.س19.10
ر.س23.23
+21.6%
10.0%ر.س26.50ر.س21.20n/a3
Feb ’25ر.س17.40
ر.س21.60
+24.1%
1.9%ر.س22.00ر.س21.20n/a2
Jan ’25ر.س20.28
ر.س23.63
+16.5%
12.2%ر.س27.70ر.س21.20n/a3
Dec ’24ر.س19.32
ر.س24.30
+25.8%
11.0%ر.س27.70ر.س21.20n/a3
Nov ’24ر.س17.44
ر.س24.85
+42.5%
10.0%ر.س27.70ر.س21.20ر.س17.584
Oct ’24ر.س18.38
ر.س25.58
+39.1%
6.2%ر.س27.70ر.س24.00ر.س17.664
Sep ’24ر.س20.40
ر.س25.58
+25.4%
6.2%ر.س27.70ر.س24.00ر.س17.864
Aug ’24ر.س22.46
ر.س25.66
+14.2%
5.6%ر.س27.70ر.س24.00ر.س18.125
Jul ’24n/a
ر.س25.66
0%
5.6%ر.س27.70ر.س24.00ر.س19.625
Jun ’24ر.س23.70
ر.س24.18
+2.0%
7.7%ر.س26.50ر.س21.80ر.س18.365
May ’24ر.س22.36
ر.س23.43
+4.8%
7.8%ر.س26.00ر.س21.80ر.س20.323
Apr ’24ر.س20.60
ر.س23.43
+13.8%
7.8%ر.س26.00ر.س21.80ر.س20.703
Mar ’24ر.س21.20
ر.س24.33
+14.7%
7.0%ر.س26.00ر.س21.80ر.س19.104
Feb ’24ر.س21.10
ر.س24.33
+15.3%
7.0%ر.س26.00ر.س21.80ر.س17.404
Jan ’24ر.س20.26
ر.س25.58
+26.2%
13.4%ر.س31.00ر.س21.80ر.س20.284
Dec ’23ر.س19.22
ر.س26.83
+39.6%
11.4%ر.س31.00ر.س23.70ر.س19.323
Nov ’23ر.س20.52
ر.س28.30
+37.9%
13.0%ر.س32.70ر.س23.70ر.س17.444

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

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